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Bitcoin is a decentralized software-based payment system that was released to the general public in 2009. Improvements and updates have been made on this cryptocurrency since 2009 and which saw many people invest in the currency. Those who invested in this currency in its early days made a lot of profit, while those who are currently investing in the currency are seeing sluggish improvements in their investments because of the negative publicity and attacks from governments in the past few years. The profits that were realized in 2013 have made others look for ways on BCHAC Website. But is this a worthy investment?
Although bitcoin was released in 2009, it became a topic of debate in 2013 since in recent years 2011 and 2012, the virtual money had gained price of over 300%. Additionally, since October 2013, the value increased by 100 percent, and it became evident that bitcoin investment was the way to go. Regardless of this, its performance since January 2014 continues to be slow and saw the currency drop in value by 34%. But despite this drop in value, investors and venture capital companies all over the world still feel this software-based currency is still the best investment in the long run and may be contrasted to investing in gold.
This argument is also supported by the fact that in 2014, investors and venture capitalist firms had first quarter investments of up to $57 million whereas the second quarter saw investors pump in $73 million. If you would like to purchase bitcoin, you’ll also want to note that in 2012, investors were only able to invest just $2 million into bitcoin. While there’s been a decrease in price since 2014, the money still continues to grow and has seen both merchants and consumers accept it as a means of payment.