bitcoin price in inr , Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[12] According to research produced by Cambridge University there were between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, as of 2017, most of them using bitcoin
bitcoin price in inr
Bitcoin prices in India have been on a rollercoaster ride in the last few months. After hitting an all-time high of over Rs 19 lakh in December, the prices of the cryptocurrency crashed to below Rs 6 lakh in just a matter of weeks. However, the prices have started to recover and are currently hovering around the Rs 8 lakh mark. The volatility in bitcoin prices is nothing new and has been a feature of the cryptocurrency since its inception. However, the sharp rise and fall in prices over such a short period of time is unprecedented and has caught many investors off guard. The reason for the sudden price crash is not entirely clear but it is believed that it was caused by a combination of factors including regulatory uncertainty, fears of a crackdown on exchanges and profit-taking by investors who had made huge gains in recent months. Whatever the reasons may be, the fact remains that bitcoin investing is still a highly risky proposition and investors should tread cautiousl
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