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Bitcoin has been declared dead by teen bitcoin and cryptocurrency "millionaire" Erik Finman & nbsp; at the end of last year in the middle of a bitter bitcoin market and bitter cryptocurrency which left most of the major chips down by almost 90% in value and aroused fears that the great crypto experience would have ended abruptly.
The price of bitcoin has rebounded since, doubled in price so far this year and the lifting of the wider cryptocurrency market which exploded on the news Silicon Valley is more and more interested in payments and the adoption of cryptocurrency technology.
& Nbsp; Finman said a combination of his projects and others, according to him, in the cryptocurrency sector could "resurrect" bitcoin and return the price of bitcoin to its record high of $ 20,000 by the end of the year, thanks to the crypto adoption of Facebook social media giant's likes, media and telecom group AT & amp; T, and US presidential candidates discussing bitcoin and crypto.
The price of bitcoins has risen so far this year after a frightening 2018 year and those in the industry seem more and more hoping for a return to the unprecedented peaks of bitcoin.
Getty
"2019 is the new year 2017 for bitcoin and cryptocurrency," said Finman, promising bitcoins can remain the world's most valuable cryptocurrency if they can solve their main problems. "Cryptocurrency is in full swing and everything that's going on in the tech and financial sector is boosting bitcoin and crypto, Blockchain is the cutting edge."
Finman, named as bitcoin "millionaire" Yahoo Finance, for example, has identified four areas on which the bitcoin community must improve if bitcoin is able to survive and remain the largest and most widely used cryptocurrency.
According to Finman, the Bitcoin network requires lower transaction costs, it must speed up transactions, internal conflicts and quarrels must stop, and adoption must be facilitated.– everything is easier said than done and at least one, perhaps impossible, because the democratic and decentralized nature of the Bitcoin network means that clashes are almost encouraged.
Finman, for one, focuses on what he sees as the most important of the four areas of improvement that Bitcoin needs to work on if it wants to stay competitive in an increasingly crowded field of cryptocurrency: increasing adoption and use. & Nbsp;
"People who live and breathe bitcoin and work closely with others who are in the same positions that they themselves may sometimes forget that they need to make known to new people who are not yet at home. crypto, "said Finman, who is now 20, after buying his first bitcoin at the age of 12.
"Friends with whom I've been to high school know the words 'bitcoin', 'cryptocurrency' and 'blockchain', but they do not really understand what they mean, they know Bitcoin like quick enrichment tool and a little more, this has to change if the bitcoin lasts longer. "
The price of bitcoin has resumed ground in recent months after strong sales but remains far from its all-time highs.
CoinDesk
To solve this problem, Finman is developing a service called CoinBits, which he says is a better way for people to become familiar with the world of bitcoin and crypto than anything on the market.
Now, with 10 full-time employees and 10,000 users, CoinBits allows US citizens to buy bitcoins and converts bitcoins into small fractions of real purchases made with a credit card.
Recent surveys of US citizens have shown that there may soon be a real demand for these types of bitcoin and cryptocurrency services.
HBUS, the US partner of the Singapore-based Huobi bitcoin and cryptocurrency system, surveyed just over 1,000 people in the United States between March and April of this year, find that 20% of respondents had invested in cryptocurrency, men being more than twice as likely to have bought crypto as women.
Nearly three-quarters of respondents (74%) were aware of cryptocurrencies, with some believing that the potential of technology, privacy and security was their greatest asset.
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Bitcoin has been declared dead by Bitcoin teenager and cryptocurrency "millionaire" Erik Finman at the end of last year in the middle of a bitter bear market of bitcoin and cryptocurrency. which left most of the low chips worth nearly 90% and sparked fears that the great crypto experience could have come a steep end.
The price of bitcoin has since rebounded, doubling since the beginning of the year with regard to the larger market for cryptocurrency, which has experienced a strong expansion, Silicon Valley is interested more and more more to the transition to payments and the adoption of cryptocurrency technology.
Finman said a combination of his projects and other projects in the cryptocurrency sector could "resurrect" bitcoin and bring the price of bitcoin back to its record high of $ 20,000. 39; here the end of the year, thanks to the adoption of the crypto as the social media giant Facebook, the AT & T media and telecom group and the American presidential candidates who speak bitcoin and crypto.
The price of bitcoins has risen so far this year after a frightening 2018 year and those in the industry seem more and more hoping for a return to the unprecedented peaks of bitcoin.
Getty
"2019 is the new year 2017 for bitcoin and cryptocurrency," Finman said, promising that bitcoin remains the world's most valuable cryptocurrency if it manages to solve its key problems. "Cryptocurrency is in full swing and all that is happening in the tech and financial sector is boosting bitcoin and crypto blockchain is at the cutting edge of technology."
Finman, Yahoo Finance's "Millionaire" of bitcoin, has identified four areas that the bitcoin community needs to improve in order for bitcoin to survive and remain the largest and most widely used cryptocurrency.
According to Finman, the Bitcoin network requires lower transaction costs, it must speed up transactions, internal conflicts and quarrels must stop, and adoption must be facilitated.– everything is easier said than done and at least one, perhaps impossible, because the democratic and decentralized nature of the Bitcoin network means that clashes are almost encouraged.
Finman, on the other hand, is focusing on what he sees as the most important of the four areas of improvement that Bitcoin needs to work on if it wants to stay competitive in one more cryptocurrency field. in addition to crowded: increasing adoption and use.
"People who live and breathe bitcoin and work closely with others who are in the same positions may sometimes forget that they need to recruit new people who are not yet in crypto," Finman said. , who is now 20 years old. years old, having bought his first bitcoin when he was just 12 years old.
"The friends I went to high school know the words" bitcoin "," cryptocurrency "and" blockchain ", but they do not really understand what they mean.They know bitcoin as a tool to to enrich it quickly and a little bit more, this has to change if the bitcoin lasts longer. "
The price of bitcoin has resumed ground in recent months after strong sales but remains far from its all-time highs.
CoinDesk
To solve this problem, Finman is developing a service called CoinBits, which he says is a better way for people to become familiar with the world of bitcoin and crypto than anything on the market.
Now, with 10 full-time employees and 10,000 users, CoinBits allows US citizens to buy bitcoins and converts bitcoins into small fractions of real purchases made with a credit card.
Recent surveys of US citizens have shown that there may soon be a real demand for these types of bitcoin and cryptocurrency services.
HBUS, an American partner of Huobi bitcoin and Singapore-based cryptocurrency, surveyed just over 1,000 people in the United States between March and April of this year. 20% of respondents had invested in cryptocurrency, men being twice as likely to have bought in crypto as women.
Nearly three-quarters of respondents (74%) were aware of cryptocurrencies, with some believing that the potential of technology, privacy and security was their greatest asset.