‘Bitcoin Is Dead’
Apparently, Bitcoin is dead. That is what the world’s media have been telling us for as long as the crypto has been alive. In fact, the number of “Bitcoin is dead” articles is over 250, and counting. The doomsayers have been wrong time and again.
Back in 2010 – just a year after the original crypto was released as open-source software – Tim Harford, the Financial Times columnist known as ‘The Undercover Economist’, discussed “why Bitcoin can’t be a currency”. At the time, one Bitcoin was worth $0.23.
The next year, with Bitcoin valued at $7.80, Gizmodo Australia said: “Bitcoin is dying.” Then, in June 2013, with the crypto priced at $111, NYMag wrote: “Bitcoin sees the grim reaper.”
By September 2017 Bitcoin’s price had built to $4,591, yet the naysayers still vented their gloomy opinions. Seeking Alpha wrote about “the death of Bitcoin” and was negative about the future of all cryptos.
Shortly afterward, Bitcoin exploded, reaching a high point of $19,499 on December 18, 2017. Even then there were doubters, and many reveled in its fall in the New Year. In January The Week discussed “the end of Bitcoin” when it was valued at $11,583.
Global trading and investment platform eToro, which specializes in cryptos, has made this new video that marks out Bitcoin’s positive journey despite the numerous negative comments:
Like it or not, Bitcoin has truly entered the mainstream and is now readily accepted as payment by a huge number of top-tier organizations across a whole spectrum of industries, as well as start-ups, and even charities. These include Microsoft, Expedia, bloomberg.com, Save the Children, Wikipedia, Virgin Galactic, Subway, and Whole Foods.
“Cryptos Needn’t Be Cryptic,” is the mantra at www.eToro.com. The platform, which boasts a nine-million-strong online community, strives to educate its users through written guides – such as this one, and also here – and videos (including this one) that are accessible on the website.
Pros and Cons of Trading on eToro
- Straightforward, user-friendly, trustworthy and experienced platform
- Instant execution of trades, thereby locking in a price
- Ability to use CopyTrader and other innovative tools
- Huge cryptocurrency community that shares knowledge and helps each other
- Fast execution
- Regulated company
- Only nine cryptocurrencies offered by the platform, currently
- Users are unable to withdraw the cryptocurrencies directly
- Users’ cryptocurrencies are held by eToro
If you want to learn more about trading Bitcoin then visit www.eToro.com now, and join the online global community.
All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.
Images courtesy of AdobeStock, CoinMarketCap