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While the are people who says that Bitcoin is untenable and is not very a valuable investment option.
LET'S LOOK AT THE REASONS WHY BITCOIN HAS BECOME POPULAR
The first and foremost reason is anonymity. Bitcoin allows users to send money to any place in the world at minimum cost and that gains it self (Bitcoin) an achievement.
The second is stability. Despite the up's and down's of it's (Bitcoin) values, it is still relatively stable than some other currencies in the world which experiences hyperinflation.
The third is Time. Bitcoin might not be the fastest but it is certainly a score faster than other non anonymous flat currencies.
Security. Bitcoin is definitely one of the most secure Crytocurrency we have right now. And with thousands working to keep the dozens from starling the money from the millions, it's likely to stay that way.
Since Bitcoin use complex technology, it cannot be outsmarted by any knuckle head. You will actually require some serious skills to make a digital heist.
In short, Bitcoin has definitely shown us that Crytocurrencies have a lot of potential and it's an inch close in becoming a reliable investment mode. The is no denying that if it continues evolving like this it will attract more counterparts and then it will be right on top.
Thank you
Written by: Precious Theo
The original > https://www.quora.com/How-did-Bitcoin-become-popular/answer/Archana-Priyadarshini-7
Answered Jul 16, 2019
The first and foremost reason is anonymity. Bitcoin allows users to send money to any place in the world at minimum costs and that in itself is an achievement.
The second is stability. Despite the up and down nature of Bitcoin values, it is still relatively more stable than some other currencies in the world which experience hyperinflation.
Bitcoin might not be the fastest but it is certainly a score faster than other non-anonymous fiat currencies.
Security. Bitcoin is definitely one of the most secure cryptocurrencies we have right now. And with thousands working to keep the dozens from stealing the money from the millions, it is likely to stay that way.
Since Bitcoin uses complex technology, it cannot be outsmarted by any knucklehead. You would actually require some serious skills to make a digital heist.