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Research Paper | Economics | India | Volume 8 Issue 3, March 2019 | Popularity: 6.5 / 10
Bit Coin - Bonus or Curse
Parwinder Kaur
Abstract: The majority of people have heard about bit coin. Bit coin is a digital virtual crypto currency which is planned to work as a medium of exchange. The system is totally decentralized, without a central administrator or any of its corresponding people. It is peer to peer network. It works without third party intervention. Bit coin can be a trouble-free way to avoid tax or snare unsuspecting small investors in ponzi schemes. It is return based as well alternative investment. The present paper aims that investment in bit coin is better or worse decision. The paper presents the growth of the bit coin in earlier stages and outlook of bit coin by using secondary data. The value of bit coin has fallen in last year. In 2017 the value of bit coin is increased but in December 2018 the value of bit coin has fallen. Due to various reasons the value of other currencies such as dollar may be fall in future. At that time bit coin is better options for investors those who have huge surplus money for investment. There are multiplicity of remuneration of investing money in bitcoin. so bit coin is healthier selection for investment in future.
Keywords: bit coin, crypto currency, peer to peer, huge, and surplus
Edition: Volume 8 Issue 3, March 2019
Pages: 1339 - 1340
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