Bitcoin for Pakistan
We can say that Bitcoin is a currency which is more like Gold. The only difference is the potential in the value of the two. In the stone age, people used to consider gold as the God of money. However, in the 21st Century, Bitcoin is considered as the God of money.
What is it really?
If you have never heard about Bitcoin, then where were you this whole time? A person who has access to the internet has either heard about it or making a life out of it.
Bitcoin is a currency (digital one) created in 2009 as a result of some programming codes and mining through the algorithm. The first owner of Bitcoin was Nakamoto Satoshi who mined around 50 bitcoins before selling it out and disappearing from the face of Bitcoin.
In simple words, bitcoin will never get in your hands. You can easily get its buyers and sellers. There are many websites which buy and sell it directly. IT IS A CURRENCY WHILE DOESN'T HAVE A PHYSICAL EXISTENCE.
What's the Guarantee it will never end?
This question suits only the beginners. Just like Bitcoin, several governments in this world, including the government of China, have invented their own Altcoins (Altcoins are the alternative coins, which are not as expensive as Bitcoin). We all know how governments are possessive about their money. Therefore, the end of Bitcoin will mean the end of all the cryptocurrencies (All the digital currencies), which, at least China, would never let that happen.
Moreover, big companies like Microsoft, Subway (We all love it), OkCupid (Who doesn't a good match afterall?), Virgin Airline, Virgin Mobile, The Pirate Bay (We Pakistanis love pirated video games), Zynga, and many other big companies are accepting Bitcoin as a payment method (No more need to get a Paypal account with illegal ways for Pakistanis). Bitcoin has definitely made our life Easier.
Calling "the end of Bitcoin" when its price starts dropping is just like saying Dollar will end just because its price dropped from PKR 102 to PKR 91 (Golden days of Pakistan, weren't it?).
How much profit will I get?
Profit is never specified but one thing is for sure, the longer you hold it, the more profit you make. Don't panic when its price starts dropping. JUST HOLD! You will see the miracles.
For Instance, in July 2017, the price of Bitcoin was PKR 3 Lac 20,000, but now, look at the price it has crossed PKR 8 Lac within 4 months. Just suppose if a person invested only PKR 30,000 in it in July and forgot it for four months, he must be rich now, isn't he? So sell all your Gold and invest in Bitcoin now!!!
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