Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
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I have next to nothing in bitcoin and I see projections from Goldman saying it would hit 3900, but after the 3000 peak and steady drop to 2300, I couldn't risk it at this point. It got it's huge bump when India and Pakistan I think stated moving to credit only (or something), and it would require another major currency to reduce circulation again to make the price rise again.
Maybe. I don't know shit about this.