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Is Bitcoin That Necessary?

No, it is almost impossible to mine now without astronomical computer power. But there are millions of units in circulation presently, but this figure is considered by experts to be limited.

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Over the years, we have seen the undeniable creation of Bitcoin by an anonymous man in 2009. Mostly touted as a currency used by illicit individuals, Bitcoin went from being worth almost nothing (where a man once used 10,000 units worth of Bitcoin to buy Pizza) to being the most expensive and heaviest currency in the world, and the projections still say it has not reached its peak yet.

Yes, it is almost impossible to mine now without astronomical computer power. But there are millions of units in circulation presently, but this figure is considered by experts to be limited. They say it will become so rare and expensive in 20 to 50 years’ time and by then, it would be impossible to mine.

Bitlem / Via bitlem.com

One of the major advantages of this currency is the fact that it guarantees total anonymity and does not leave the paper trail that follows other kinds of monies. It gives you the ability to make purchases instantaneously, breaking down the power of institutions in the processing of your money. These anonymous transactions do not come with fees, and that makes it infinitely less expensive to operate with.

Unlike the dollar or the pounds, Bitcoin is truly a peer to peer independent currency, and no one organization has complete control over it.

Bitlem / Via bitlem.com

But it doesn't end there, with the creation and popularity of Bitcoin, other Cryptocurrencies like Ethereum, Litecoin have sprung up, and the Cryptocurrency market is now a booming one. Able to rival the stock market itself, the Cryptocurrency market has begun its move away from being an only digital affair. Initiatives have been taken, and physical avenues exist for Bitcoin or Cryptocurrency marketing.

Bitlem is the first physical, digital Bitcoin Exchange in Mexico and is a place where Cryptocurrencies, not only limited to Bitcoin are traded. The rise to the top that Bitcoin has experienced was not envisaged by many, but the fact that it will stay on top is a fact echoed by almost everyone. Trading is never a bad idea.... actually it is the best.

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