The fear that may arise in bitcoin users’ minds that it may be dangerous to transact using bitcoins could be caused by the 2011 bitcoin hack when the biggest online bitcoin transaction was hacked and theft of 400,000 bitcoins took place. Later the thief filled the market with those stolen bitcoins and the value of a single Bitcoin’s dropped to $0.01. But ironically, it proves that bitcoins are neither unreal nor immaterial. They can only be considered as non-physical. But they have a value and it’s actually a really great value, as the price of a single coin goes up to $7000 nowadays.
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