The Significance of Bitcoin and its Uncertain Future

There was no telling the future of bitcoin when it was introduced as a novelty concept back in 2008. Interest piqued – particularly amongst the more tech-savvy communities, but few could have predicted the lasting impact it would have upon the world’s economy and the nature of international finance transactions. Back in 2009, a Norwegian by the name of Kristoffer Koch was intrigued by the potential of this new digitalized currency and bought $27 worth of bitcoins – that translated to 5,000 bitcoins, to be precise. Interest in bitcoin faded somewhat after its initial introduction, and Koch soon forget about the virtual coins he had locked away in an encrypted online wallet.

In 2013, the media’s widespread coverage of bitcoin reminded Koch of the purchase he had made a few years ago. With the hype rising around this peer-to-peer, anonymous and intermediary-free currency, he checked his encrypted wallet to discover that his 5,000 bitcoins in his possession was now valued at $886,000. Not a bad investment. But there’s no denying bitcoin has endured some dramatically unpredictable fluctuations in value ever since, with few clear indications as to how the currency will stand up against contenders going forward. Some believe that its relevance will only grow in the coming decades, whilst others claim its glory days are over. What can the story of bitcoins so far tell us about its future?
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How to start small on your finances?

Managing money is one of the important concerns for any company, big or small. Small businesses need be careful about their financial decisions from the very beginning. A proper financial structure helps to generate profit so that the business stays credible. Entrepreneurs should be well equipped with good money management skills to achieve success for… Continue Reading

5 AMAZINGLY INTELLIGENT INVESTMENTS

Everyone is specific in their quest for safe investment options. It is important to understand that safe investment options do not exist in real in any part of the world. So what investors should really gun are low-risk investments that offer a reasonable return. While there are many lucrative options available in the market, here… Continue Reading

10 Best Personal Finance Apps

Finance apps – Because finance goes tech! When it comes to managing our finances, it is all a work of art. Some master it and some are still in the process of learning it. Well, you now have less to worry about since your mobile phone can do much more than what it was meant… Continue Reading

8 FINANCIAL TIPS FOR DUMMIES

Personal finance is still not a subject of high school or college; hence no one pays attention towards it. Most of us are clueless about how to manage our money. Most of us think that managing finance is not their cup of tea. If you are one of them, I want to tell you that… Continue Reading