cryptocurrency past and furture

5. Bit coins is top rated among all
the cryptocurrency.

6.  News reports indicate that bit coins are used
in country. The Costa Rican central bank
announced that bit coins and crypto
currencies are not considered currencies
and are not backed by the govt. nor by laws
however they are not illegal. There are few
merchants who do accepts bit coins in the
country

7.  Cryptocurrency proponents argue that the
digital coins are a safe investments because
they have a zero correlation to the stock
market and so called block chain technology
on which its exchanged will only become
more understood and widely used with
passage of time.

8.  Emerging technology always suffer growing pains and same is
happening in case of bitcoins. Now days news trends that it will end
very shortly due to rolling down of its price because of following
reasons i.e.
 2017 “bit coin hype” investors leaving the market.
 Negative media coverage.
 Hence new technology experiences growing pains, one good
example is the internet. In 1995 news week article written by
Clifford Stoll predicted that the internet would fail, here are some
most criticism
 Buying books and newspaper over the internet will never happen
 The internet would not be able to handle online shopping,
reservations, flight booking etc.

9.  I don't believe so, this is not even the worst
year bit coin has had, 2011 and 2013 were
much more brutal than 2018. once bit coin
recovers in price it usually shoots to new
heights. If we look at its historical record.

10.  I do not believe that bit coin is going to die
out, to me it looks a like the market is just
experiencing growing pains which will even
out over the years. Just remember
telephones, internet, railways were all
doubted in their early days.