For many years, major markets and institutions had resigned bitcoin and other cryptocurrencies to the dark corners of the online world. It seemed that only tech geeks who trawled forums and entered certain circles would have heard about these topics, let alone turn a profit exploring them.
Playing the Long Game
A few years back when the very first white paper explaining bitcoin and the blockchain network it utilises came out, you could buy bitcoin for pennies. If you held onto those bitcoins, you would be a millionaire possibly tens of times over.
There were countless stories of people accidentally throwing away hard drives that had many bitcoins on them, leading to search parties in local refuse dumps, rummaging around the debris in an attempt to find a hard drive that had millions of dollars’ worth of bitcoin contained in it.
It is hard to believe that in just a few years, bitcoin has passed $9,000 in price and it continues to hit record highs. 2017, of course, has been the year of the breakout for cryptocurrencies, with the likes of bitcoin, bitcoin cash, and ethereum all experiencing massive price surges.
There has also been an influx of people and projects getting involved in digital currencies, with ICOs seemingly happening every day. Finally, it is the year that bitcoin has finally managed to go mainstream.
One of the goals of bitcoin is to have it used as a worldwide currency, breaking down previous barriers that fiat currencies have created. It allows for cheaper, safer and faster transactions of money and it is finally time that people started to realize this on a mainstream level…