10 Amazing Bitcoin Facts Every Bitcoin Owner Or Crypto Investor Should Know

The weird currency of internet, Bitcoin, has constantly grown in popularity over the last 8 years and till now the unopposed king of cryptocurrencies. Though there are many people who are actively using bitcoin with the earn and investment purposes but on other side huge number of people have not began to earn bitcoin and have not decided any thing so far.

You should know the strength of cryptocurrency!!

Today I am going to discuss about 10 interesting facts of bitcoin which should be known to every bitcoin owner. But before starting this I would like to give you some basic information about this cryptocurrency because it is quite important for those who have not known so much about this currency (Bitcoin).

We all know that Bitcoin is a cryptocurrency, a structure of electronic cash. Bitcoin was created by an unknown person or group of people using the name Satoshi Nakamoto. The system qualifies payments which will sent between users without passing through the central authority, like a bank or payment gateway. Basically It is created and held electronically and most importantly bitcoins are not printed like dollar or euros and others. And they are generated by computers all over the world. And the Bitcoin world is active with both excitement and curiosity.

It's very sad to inform you that most of the people don't want to use bitcoin and the truth is, they don't know enough about it. That's why I want to tell those amazing facts.

Here are the 10 interesting facts you should know -

According to the fundamental design, bitcoin can't be banned but because of it's nature a perpetual talk about 'banning' it is still carrying on. It works totally in a different way comparing with banking system. You can easily involve in this with your internet connection and a bitcoin wallet. So that the fundamental design made this currency on a type which can not be banned.

There are couple of countries like Thailand, Vietnam, Bolivia and Bangladesh and many others tried to ban this but they couldn't ban this completely, even some countries like Russia, Japan, Venezuela and Australia made bitcoin as an official legal tender.

Just because of it intimidates the financial formation, bitcoin can't be stopped.

There was only one incident I remember in this case. James Howells who is an IT guy. He lost his 7,500 bitcoins in November 2013. Actually he was cleaning his table at home and he threw away his hard disk which contained all the private keys of bitcoins which he had mined in 2010.

After that he remembered suddenly when he was reading the news paper but it was too late.

In this time the value of 7,500 BTC is around $19.5 million.

After it has been verified, and calculated, and it is know around 25% of bitcoins have been lost.

All of this bitcoins are lost due to the private key and nobody can use this bitcoins.

This is another mysterious thing which is known to almost every bitcoin owner that the creator of Bitcoin is still unknown to us. No one even knows the gender of this person.

In the year of 2008, a whitepaper was posted to a conversation group by a hidden or weird character called Satoshi Nakamoto. This record which is only 9 pages long and according to the very last page is accessible to the reader, received the imagination of the cryptocurrency community.

From this day no one can recognizes who is Satoshi Nakamoto.

In the year of 2010 on 22 May a developer bought two Papa John’s Pizzas using 10,000 Bitcoins. In that time 10,000 BTC was around $41.

And now the worth of 10,000 BTC is around $25.7 million. Can You Imagine Guys????

This purchase was a big deal for this developer because no retailer accepted the bitcoins at that times because of it's low value.

And do you know? 22 May is celebrated as Bitcoin Pizza Day.

Bitcoin’s supply is very limited. There will only ever be 21 million bitcoins. In this time around 16.4 million bitcoin have already traded and the last bitcoin will be traded in 2140. After this time no new bitcoin can be mined or traded.

And this is one of the easiest transferable currency in the world.

In the year of 2016, a bitcoin cloud mining provider, name Genesis Mining sent bitcoin to the outer space. This was planned and done by using a 3D bitcoin structure and a bitcoin paper wallet. They were tied to a weather balloon. A GoPro camera focused and recorded the model and the paper wallet in their whole journey. When the weather balloon arrived a height of 20 KM, the ground-team made the transaction of paper wallet.And another transfer was created to the wallet when it gained the maximum possible altitude of 34 KMS.

This was another a amazing facts of Bitcoin.

It is another very interesting and impressive fact of bitcoin. According to the experts, Bitcoin networks has a computing power of 2,046,364 Pflop/s. If you will calculate and justify the computing power of around 500 most powerful Supercomputers, you’ll get a mix fever of 274 Pflop/s.

This fact made Bitcoin much powerful than the Supercomputers.

When the FBI pack up the funtions of the Silk Road, it also impounded the owner’s riches. In this method, the FBI became one of the world’s moneyed bitcoin owners. And according to a report of the Wired magazine, the FBI controls as much as $120 million.

As we know we can't touch, feel or print bitcoin. But just like money Bitcoin also can not grow on trees. Basically Bitcoins are mined on the blockchain network. When miners get success in mining Bitcoin then they come into existence.

In this moment the mining power of Bitcoin's network is around 300 times more powerful that the 5 most powerful supercomputers of the world.

This is another a very interesting facts about the Bitcoin structure that you can easily send it via SMS or Email ID. If for any reason you needed to print a transaction, you could even encipher it as a series of smiley faces. And even in a single picture you can easily transfer it. This is why if a government decides or tries to stop bitcoin they can't stop it. According to their structure they are almost unstoppable. If a transaction contains sensitive information and need to be transmitted safely then you can easily do this with this feature.

This is a very unique fact about this currency in my opinion. And I think a bitcoin transaction is a simply an instruction to the network.

Bitcoin is a decentralized peer-to-peer network. No single institution or person controls it.

We all know Cryptocurrency is pretty much popular in the modern generation. To follow this trends or as a bitcoin owner you must know this facts, and this facts will help you a lot trust me. Millennials are investing in Bitcoin and this is a good news. You can also be a part of this field if you like. And nowadays Cryptocurrency is a trending topic on internet and it is increasing day by day.

In this moment I will definitely recommend you not to sell you Bitcoin, gather as much as you can you will get a better result in the future.

There are currently more than around 25 million people worldwide, who own Bitcoins, according a study.

I am giving you a Cryptocurrency Exchange Chart with Payment Method which can help you to transfer your money in different currency. It is my basic help for you guys.

I have shared some of my experiences and information about Bitcoin and Cryptocurrency as much as I could. I will definitely come back with a lot of news and information about this topic.

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