It's Bitcoin That Glitters Now.

Interest in Bitcoin and similar Cryptocurrencies using Blockchain Technology such as Ethereum.Doge,Ripple.Steem is particulary strong in Asia and the Far East.

Unawareness seems more noticeable in Europe.Is it caution around something new or fear of the unknown. The article below appeared in the Economic Times of India. - Note - 1 Bitcoin is now worth 225,000 Rupees,and in US Dollars today 1 Bitcoin is trading at $2,545. Those who got in big at the beginning  in 2009 - 2012  will be wondering whether to stay or run with predictions that 1 Bitcoin could hit $10,000 within 5 years.

Economic Times of India - All that glitters is bitcoin now The once non-descript bitcoin, a crypto currency, has returned more than 10 times since 2015, with the price of the digital instrument hitting a record Rs 225,000 a unit in the domestic spot market last week. Trading in bitcoins is gaining traction

“The increasing awareness of bitcoins worldwide, particularly about its revolutionary technology, has triggered a rally in the bitcoin market,” said Sandeep Goenka, cofounder and chief operating officer at Zebpay, an app-based bitcoin exchange. “Japan has now added itself to the list of countries that have regulations for bitcoins. Due to these positive factors, bitcoin prices have been showing tremendous strength.”

With an expert committee in India now seeking to regulate domestic trading of bitcoins, prices are expected to leapfrog in the next one year. Since April, Japan's legalization of the digital currency has contributed to the rally in bitcoins. After Tokyo’s move, many vendors have started accepting the virtual currency: Peach Aviation, for instance, is going be the first Japanese airline to accept bitcoins as payment for plane tickets.

Like any other investment, bitcoins are not risk-free. Sharp price swings are routine. After touching the record high of Rs 225,000 a unit, the price plunged to about 160,000 a unit within an hour or two.

"I've held on to my bitcoin portfolio as I am a long-term investor. I expect bitcoin prices to strengthen over a longer time-frame. If more countries legalise crypto currencies, bitcoin prices may appreciate much more than the current (price) levels," said Madhur Todi, who owns seven Bitcoins now  ..
...and --- read more here -

http://economictimes.indiatimes.com/markets/stocks/news/all-that-glitters-is-bitcoin-now/articleshow/58994754.cms

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