Anticipated Trail of Bitcoin! (The Mystery of Bitcoin Challenge)

Bitcoin is digital money concocted in 2008 by an obscure individual or gathering of individuals utilizing the name Satoshi Nakamoto. The cash started to use in 2009 when its usage was delivered as open-source programming. But, it's actually a mystery to date that the inventor of this Bitcoin and his detailed biography nor his identity and the motive couldn't be established or even believed to be true at times since regulatory mechanisms are not studied in depth so far nor strengthened in countries to monitor and regulate. However, Bitcoin has been emerging as another professional means of currency exchange competing with other already currencies across the world.

The views expressed in this article are of my personal opinion based on the experiences that I have experienced and observed among several online platforms on Bitcoin on the responses by the public/community. There is a real crisis on the regulation part and risks involved in such Bitcoin business/transactions. Many social media platforms have flooded with Bitcoin trading or currency exchange words, pampered here and there, including pity to say that, some people are using this Bitcoin under the umbrella of Quick-Rich scheme and misleading the public. There require adequate checks from the business angle.

The question is to investigate the 2nd party who actually propelled this Bitcoin history, only then, the true origin of Bitcoin might be ascertained. Even though, many developed countries have already started to use this Bitcoin as means of currency and even though some courses available on Bitcoin across few platforms, still there is a fear of losing money among the community or public because of its limited regulation and use.

There is still a hesitation seen across the many countries of adopting this Bitcoin in their currency exchange process. On the other end, the way Bitcoin has been emerging at a rocket speed in value since the last decade, it also proves to be a faith in new Digital Currency in the future. But instances of misuse to a common man are at large as he/she is unaware of this currency history nor any of its control authority.

There are high and lows in this Bitcoin value but is astonishing that this Bitcoin is gradually establishing its path in the world of currency. The benefits seem to be less than advantages even though many online articles are not clear in their recommendations nor an authentic way of establishing the facts except some statistics and there is a debate on the underlying asset value invisible in such currency.

In countries like the USA, Cryptos are qualified to be held in an IRA or 401(k) account, this also indicates when the developed and leading countries are already using proactively, it creates some faith in a genuine entity. But there is still confusion for implementation in the developing nations from the public interest point of view, of course, it is said to be a risk entity for those willing to invest in such Bitcoin under a disclaimer and they must be ready to take the risks of such volatility influence.

Referring to below, a height of hope increases those considering to invest in Bitcoin/Crypto class.

As per this report, THE MAJOR INNOVATION IS THAT THE TECHNOLOGY ALLOWS MARKET PARTICIPANTS TO TRANSFER ASSETS ACROSS THE INTERNET WITHOUT THE NEED FOR A CENTRALIZED THIRD PARTY (IE. A BANK). The blockchain is the technology that enables the existence of crypto. It is essentially a decentralized and distributed digital ledger that is used to record transactions across a large network of computers.

I feel even we dont know who is Satoshi Nakamoto, but, there might be a strong reason for inventing such system of Bitcoin probably during the times of Global Recession 2008 and I think, there is strong connectivity during the said event period, but of course, there is no background to say in fact. But the coincidence of recession and invention year raises some clues for such Bitcoin initiation and introduction to the world!.

There might be probably even Satoshi Nakamoto would not have thought this concept of Bitcoin currency or Crytpcurrency might influence the world very differently of slow acceptance. The value of bitcoin was $0 when it was first introduced in 2009, now its value is massive around 33000 USD which no one had imagined its potential.

But the real success needs to happen at every segment of business across the world in Bitcoin authenticity, in a genuine form that the world can accept and start working on a regulatory framework. The more the regulatory framework, the higher the chances of adoption of this Bitcoin currency rise and usage starts without fear, of course understanding the risks of investing or exchanging business, shall not be ruled out.

There are higher chances of this mystery can be resolved on the identity of Bitcoin inventor with only exhaustive investigation undertaken in the events undergone during the Global Recession period 2008 that might pave some path of real identity or the real reason of invention.

As per the above stated E-Book, Many big brands have started embracing BTC and are accepting it as a legitimate source of funds or payment method in their point of sale centers. In fact, business adoption of Bitcoin has been growing consistently since 2011. If you live in a large metropolitan city, chances are you have also stumbled across one or multiple Bitcoin ATM machines which are popping up like mushrooms all over the globe.

Some of the big brands as per the above report states are accepting Bitcoins.

To conclude, with fear and hope, the value and image of Bitcoin are growing day to day with many high and lows. But one should understand that the risk of investing in Bitcoin cannot be ignored that might be influenced by many global events and generally, few rich people might afford to lose, not the common man, and trying this currency as per my opinion should be least considered and can only think of touching this Bitcoin with the regulatory framework in place.

This article is of my personal views and for information purposes only except some of the published facts which are referenced as above. As always said, kindly do the necessary due diligence at the reader's end before any action in the Bitcoin Business process.

Disclaimer: This article/blog/post contains referral and/ or affiliate links to products or services you may find useful. If you follow them and make a purchase, I may receive a commission. As always said, it is important that you (in general the reader) do your own due diligence before transacting any business with any firm, for any product or service on the online platform.