CURRENT SCENARIO OF BTC MONK

CURRENT SCENARIO OF BTC MONK

BTC Monk was founded by Mr. Ganesh Godse in 2015. Ganesh Godse is the person who had to undergo many failures and negative reviews about himself. The awareness of cryptocurrency was not much amongst the mass.

However, Ganesh Godse took a leap in his career with the business startup of cryptocurrency platform. Mr. Ganesh invented a portal to exchange and trade multiple currencies from all over the world on single platform. BTC Monk is India’s leading Real Time peer to peer Bitcoin Trading Platform founded by Mr. Ganesh Godse.

BTC Monk is the platform developed by Ganesh Godse, which allows you to buy and sell bitcoin at comparatively lower and reasonable rates. The portal has user-friendly interface and number of options available to make trading easier. The options available are very useful and profitable for traders to trade via BTC Monk for bitcoin exchange.

BTC Monk is legit application to use. Although, Mr. Ganesh Godse, founder of the app is seen in negative spams, the app is very legit to use. Ganesh Godse negative profile has nothing to interfere in the portal he has recently launched. Ganesh Godse has earned a great turnover of about INR 50 Crore through his cryptocurrency application.

Mr. Ganesh Godse also launched a crypto coin named Hikecoin. The value of the coin was lower as compared with other cryptocurrencies. Hence Ganesh Godse was extremely successful in making the business lead globally. BTC Monk is trustworthy platform and is being used worldwide for the purpose of trading.

Today, within a timespan of hardly 3 years, Ganesh Godse has made the company gain huge profit. The best thing about BTC Monk application is high efficiency, smooth interface and minimal fees which are charged compared to other BTC Exchange platforms globally. Also, BTC Monk application is providing interest on storing bitcoins. The concept of providing interest on bitcoin storage after every 24 hours on an average balance, is on of attracting features of the application. The feature is so unique that no other crypto exchanging platform in India has this feature included. Moreover, all the internal transactions happening in between BTC Monk users are free of any extra charges and taxes.

BTC Monk has a big database of about thousands of users which are incrementing day by day because of cool features that application is providing. BTC Monk is a very good platform for trading, exchanging and earning interest at the same time. You can get free bitcoins by simply signing up as a new user.

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WHO CONTROLS THE BITCOIN NETWORK?

WHO CONTROLS THE BITCOIN NETWORK?

Bitcoin is not governed by any central authority hence nobody completely controls the Bitcoin network. It was invented in the year 2009 by a mysterious man who named himself as Satoshi Nakamoto. Nobody knows, who the real inventor of Bitcoin is since it is not governed by any particular entity or authority. It is run by the people who use it there are many players in this community and each play a significant role. Major players that are involved in the operation of Bitcoins are holders, Bitcoin miners, exchange, and developers.

Holders are those who do not trade Bitcoin they buy and keep Bitcoin for a long period of time. They look at Bitcoin as an investment option with the objective to earn high returns in the future. Bitcoin Miners are the people who use mining software to solve a mathematical problem once the problem is solved the transaction is recorded in the blockchain in return the miner is awarded Bitcoin.

Bitcoin Exchange is the platform which enables people to buy and sell Bitcoin. It ensures liquidity to the investors. Bitcoin software is freely available therefore, any developer can work on it and improve it. No developer can have complete control over the software because all of them have to follow the same rules.

Now you must have got a clear idea of how many players are involved in the operation of Bitcoin and the role that each one play. No one has complete control over the prices. There are many factors that are responsible for the fluctuations in the prices of Bitcoin such as the demand and supply of Bitcoin in the market, government imposing rules and regulations on Bitcoin trading, change in investors perception towards Bitcoin, strict regulations by banks on the purchase of Bitcoin there can be many other factors as well which directly or indirectly have an impact on the prices of Bitcoin.

Since there is no central authority that controls the Bitcoin network the fluctuations in the prices of Bitcoin is highly volatile. The Bitcoin network operates over the blockchain technology which records all the transactions in the ledger once the miner solves the mathematical problem. This ledger is visible to the public and which can be viewed by anybody.

Hence, we can conclude that Bitcoin is a decentralized network which is influenced by various factors which makes it highly volatile and less stable.

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