One of the best crypto currencies that have made headlines is BITCOINS. It all started way back in 2008 when all of the coding for e-currency was started. This plan of current online worked out and the big money started to flow as the value was low. Many did not believe this as the mode for investment and deleted the plan. But, some of the lucky people invested on this money and were believers of this payment and investment mode. They made small contribution to the crypto currency that made them rich in year’s time. The value from $2.00 just crossed $1000.00 making the investors surprise. In this time a 14 year old invested some dollars that just grew to a million dollar. He just started his own firm and became one of the youngest entrepreneurs of all time. Many stories of rugs to riches came to limelight in this period. This then became one of the investing options for the business centers all over the world. Many websites were developed to make a steady profit from this currency. Suddenly the value started to fall in the year after the sky value happened in the same year. This made investors loose big money and many companies started to close their idea on BITCOINS. The reason behind was the value fluctuation of the currency. Small scale industries who just invested for a good return just entered a bad face and closed the companies in return. Some of the intelligent business people started to think different with investing more on this currency for the future with praying luck in their side.
This idea of electronic currency made the developers sketch many more currencies that can help the transactions easy compared to banking process. Coins like dodge, Litecoin and more were developed in the period of three to four years. But, it did not make viral as the BITCOIN did to the money department. In years of its finding the currency has made the big guns invest the money again in crypto-currencies and mainly on BITCOINS. Presently the value of this currency has reached 1200$ rising from $400.00 in three months time. The people who have invested on the currency year ago are again in news with profits reaching the skies with more nearly 300% growth in value. Now many countries are adopting this currency and even the college fees in some countries are also been paid through crypto-currency. In years to come the banks may jump into this currency that may gain some profits. Let us see if this happens in the future with money being the main part of every human life. The other disadvantage apart from fluctuation is the security of the coding system. It can be hacked anytime and from anywhere in the world. So, it is better to invest and then withdraw the currency quick as possible.
To conclude, the currency has started to reach high in value, making the investors jump to e-currency world and for sure in years many startups will chose e-currency as their idea of development and also as an investment for their business.
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