Bitcoin has been dominating news headlines lately, cheered on by an army of newly proselytized adherents as many try to understand: what is Bitcoin? Have you ever wondered if all these numeric things have a place in our society today, and in the days to come?
There is more to Bitcoin than meets the eye. Beyond the encryption is a personality, with a distinct taste and unique style of doing things. Beyond the intricate patterns within the network, which need to be understood over time, is an industrial revolution unlike any other. Bitcoin is a way of life so intense that there is a word for the crypto-world — a cult.
Yes, that's right. The Oxford dictionary defines the word "cult" as a way of life, an attitude, or an idea that has become very popular. Make no mistakes in the number of people who get in on this. The rules of three are about to become the rules of four; get yourself some Bitcoin.
It's so easy to get carried away with Bitcoin. The world we live in is programmed to force us into it. In the current centralized system, we work ourselves to death while centralized entities get to reap the benefit of our hard labor. Well, Bitcoin is here to change that. The culture that has been part of an effort to keep economic engines running is about to be hit by a capacity constraint virus as more people move to a decentralized financial system.
Bitcoin is undoubtedly the only tech disruption you need to know about. The global financial services industry is at an early stage of a significant digital transformation, powered by the confluence of financial and technology-driven innovation.
Bitcoin will soon hit $213,000 as adoption grows against an oppressive and overbearing financial system. Once all Bitcoin has achieved its hard cap, its total market cap will be $4,473,000,000,000.
What a difference a year makes. Bitcoin was on its way to making a 50% monthly gain. It hit a record high of $19,783 on December 17th, 2017, but its heyday was short-lived. Fast forward to present day and Bitcoin is on track to shed over three-quarters of its value since November, the worst monthly decline since 2011.
What you need to understand about the 2018 crash is that bubbles are necessary to bring capital into new and emerging markets. Bitcoin is undergoing real-world trials to see if this innovation will stand the test of time. Bitcoin is priced just under $4,000 today.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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