Bitten by #Bitcoin yet?



Photo by <a href="https://visualhunt.com/author/158253">aronbaker2</a> on <a href="https://visualhunt.com/re/bc0051">Visualhunt.com</a> / <a href="http://creativecommons.org/licenses/by/2.0/"> CC BY</a>

What were the chances for a digital, cryptography-based currency skyrocketing at exorbitant prices, backed by the support of a cohort, with the likes of the famous Winklevoss brothers? 
It's been a great ride for people who were risk takers and decided to invest in a virtually unknown sort of currency, that seemed futuristic, and wasn't bounded by regulatory bodies. 
The Winklevoss brothers themselves, used around 11mn from the lump-sum amount received from Facebook in a dispute settlement, to see promising returns. Boy! Have those returns multi-folded in the past years, more so within 2017. 
Starting at a mere $1000 per share, the valuation of bitcoin has zoomed to $19,000 per share, all thanks to its novelty factor and the mind behind the cryptographic currency - Satoshi Nakamoto to create an interconnected network of 500 systems only, which would release a total of not more than 21 million bitcoins worldwide. The idea was to have enough which could be manageable, and create a frenzy in the minds of the investors. 
Trading bodies and business institutions around the world, are skeptical about its rise, called it a bubble waiting to burst. However, the backing by the Winklevoss brothers are giving it credibility, like no other, and pushing bitcoin towards becoming a cradle of opportunity to make money for investors with high risk taking abilities. The lack of a governing body to police the transactions and the crest and troughs of it, is the only concern brought out by general people, who by the looks of it, are awed by the 1000 percent growth seen in the past couple of months. 
Early investors are extremely excited as to what this rise could do towards creating a better image for investing towards bitcoins. 
A small danger lurks of getting too many people involved. Since only 21 million bitcoins exist within the system, this could give rise to competitive pricing and uncontrollable bidding, where too much money could be pinned upon these bitcoins, leading to an economic climate of uncertainty. While skeptics are many, the disruptors are typically enjoying the idea of a business model, and method that has caught everyone's minds and seems unstoppable, at least currently. 
As the international stock markets take a break for the holidays, the dawn of 2018 could hold the key. Will the deregulated approval mechanism, at the centre of bitcoin continue to provide it the right impetus to reach new market highs? 
Deep inside, a lot of us will be cheering for its rise, as it gives birth to millionaires, who thrive on high risk. Excitement at the hilt! 
Bitcoins, Distributed Ledger Technology and digital mechanisms; very much here to stay! 
#BiteIntoBitcoins by @harryrockerz

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