Bitcoin is dead…almost.
But, can Bitcoin really die?
The system is the peer to peer data pipe.
Because of this blockchain, Bitcoin cannot be stopped.
Miguel Cuneta writes:
The Blockchain doesnt care.
There is no plug to pull.
It has no feelings.
But every ten minutes, it takes a step forward.
Every ten minutes, it increases its value and the strength of its internet.
No person or institution can stop this.
According to him,as long as people have transactions, Bitcoin will continue to grow.
But will the value increase again?
In 2011, Bitcoin dropped to $2.00 after reaching $31 a few months before.
In 2013, when Bitcoin reached $1,000, it plummeted to $300.
Does that mean Bitcoin will rise again?
Unfortunately,theres no way to tell if hes correct.
Alternatives to Bitcoin, known as Altcoins, have flooded the market.
In some cases, these altcoins can be more valuable than Bitcoin and are worth the investment.
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