A cryptocurrency is a virtual currency this is created and managed via the use of advanced encryption strategies known as cryptography. Cryptocurrency made the choices soar from being an educational concept to (digital) truth with the choices advent of Bitcoin in 2009. While Bitcoin attracted a growing following in next years, it captured massive investor and media attention in April 2013 when it peaked at a document $266 consistent with bitcoin after surging 10-fold in the preceding two months. Bitcoin sported a market price of over $2 billion at its peak, but a 50% plunge quickly thereafter sparked a raging debate about the choices destiny of cryptocurrencies in general and Bitcoin specially. So, will these opportunity currencies eventually supplant conventional currencies and become as ubiquitous as greenbacks and euros at some point? Or are cryptocurrencies a passing fad so that it will flame out earlier than long? The solution lies with Bitcoin.