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Bitcoin is the most burgeoning cryptocurrencies of all. It is electronic cash, a decentralized digital currency that is transacted peer-to-peer instead of central administration or banking organization. The currency is an application of budding blockchain technology that came to limelight from 2012 to 2013 when its value gained a sudden increase. Since its advent bitcoin has been the talk of the industry and many investors seek to invest in it but the recent degradation of its value has raised questions on its future. Various factors have obstructed the growth of Bitcoin some myths and some reality.