The value of bitcoin keeps increasing because it is a limited source even when the supply goes down. Investors are more interested in investing as they view bitcoin, the top 5 cryptocurrency in India as digital gold. The creator of bitcoin is still unknown. The inventor can be a person or an organization.
Bitcoin has Unknown Inventor
The creator is still unknown. The inventor can be a person or an organization. There are some people who believe Satoshi Nakamoto is the creator because of an announcement made in this name is limited
The value keeps increasing because it is a limited source even when the supply goes down. Investors are more interested in investing as they view bitcoin as digital gold.
Secure Wallet
In real life, you always wanted to make sure your wallet is secure always, whereas in a bitcoin transaction you can transact money anytime and from anywhere you want, you can always be in control over your money. These specified features will make you concerned about its security but bitcoin transaction always makes sure of the security it provides high security. It is important for you to always remember to protect the money you have to be careful.
Volatile
Due to liquid markets, the price in the market can hit sudden increase or decrease in a short period of time. This adds up the risk rate of investment so you have to be careful in investing . It is rare just like other rare metals like gold.
It is Taxable
Some countries are trying to include tax money for the profit . You earn in profit, depending on the country you live in. As of now cryptocurrency India making into mainstream market worldwide tax agencies are planning to add bitcoin to taxes.
Bitcoin- The Global Currency
Once Harvey said “It’s an algorithmic money supply rule, which is much different than a fiat currency, where it’s up to the central bank to determine how much to print,”
It generated by an algorithm that was produced by the founder of bitcoin. It is not controlled by the government, unlike the traditional cash system. Only the founder can control the production of coins in the economy.
5000 Cryptocurrency
There is a total of 5000 different coins just like bitcoin available in the market. Because of the reason many people getting interested in investing in digital currency. Among all the top cryptocurrency in India, not every coin is profitable. BCA is one of the kinds, where BCA stands for Bitcoin Atom Price which is a SegWit enabled fork with on-chain atomic swaps on board and hybrid consensus, BCA uses hash time-locked contracts to do asset exchange in decentralized digital.
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