Today bitcoin is being used for different purposes and no person can buy or sell bitcoin online. Like other currency, the price of Bitcoin also fluctuates. The numbers of total bitcoin in the world are predetermined and hence there is no control over any organization, so there is a lot of ups and downs in the price of bitcoin. Like any other market, bitcoin’s market is also based on demand-supply, and due to this bitcoin prices are less. There are lots of bitcoins in exchange where bitcoin trade is done.
Why is Bitcoin’s price rising so fast?
The use of bitcoin has already increased much. Due to its special properties, many people consider bitcoin and other cryptosycans as future currencies, so they are investing fast in it. Apart from this, the number of total bitcoin in the world is predetermined and will not be able to become bitcoin, hence its value has increased a lot.
But along with this “currency” is considered to be a very risky currency because it is completely based on the internet and no institution controls this currency. Apart from this, governments of most countries have not accepted this posture. Therefore, it can fall as fast as possible.
Due to not being controlled by any organization, this currency has started to be used in many improper activities. More recently Wanna Cry Hackers had sought thousands of computer data in “bitcoin” so that no one could catch them.