the „I’m in it for the technology“ of Bitcoin, the technological component interested me. Or So many attempts to justify his interest in the digital Gold. Because: don’t talk About money, you know. But it is just of the course that arouses the interest of the Public in the digital Gold again and again.
David-separator
21. May 2019BTC$7.896,00 1.70%part Facebook Twitter LinkedIn xing mail
bitcoin incentive system is complex. In principle, the rate increases with the adaptation. Because higher demand can not compensate for the Miner with a higher BTC offer. The magic word is Difficulty Adjustment: one more Miner in the market, only thing that increases is the difficulty of finding a valid Block. So not only the course, but also the security of the network increases with a higher adaptation.
Why the adaptation increases
It is a little like the question of chicken and Egg. Because on the one hand, a price increase with a influx of capital; it speaks of FOMO, i.e. the fear to miss an investment opportunity. has On the other hand: Why the price rises at all?
Bitcoin is a completely new asset class. An evaluation according to established standards, such as in the stock market, is with Bitcoin is not possible. How much is a Bitcoin can one day be even worth it, know no one, therefore, so right. The market is in a long-term price determination phase. The extreme volatility that can be found in the infamous Boom-and-Bust cycles, again, is the result of a lack of reference values for the true value of Bitcoin.
rate increases with Use of
The price of an asset like Bitcoin, ultimately reflects the Benefits it brings to society and investors. The course follows the Benefits – not Vice versa. Now, the true Benefit of the crypto-currency no 1 is not only abstract, but also varies between the market participants. For citizens of States with dysfunctional currencies the promises of apolitical, should the disinflationary currencies faster reveal than for residents of Western democracies.
the fact is, considering the long-term gains, Bitcoin is the best asset class in the world. Since agonizing Lazslo Hanyecz his daughter donated a Pizza and the bill with 10,000 BTC paid, increased the Bitcoin rate to several million per cent.
During the current quarter the price of Bitcoin rose to 92 percent. This is the second-largest value in 2014, as Josh Olszewicz tweet.
$BTC
current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain of all-time pic.twitter.com/bNTohKJREw
— Josh Olszewicz (@CarpeNoctom) May 19, 2019
news of an impending institutionalization of the crypto-market, witness of the increasing legitimacy of Bitcoin & co. As the currency regime is benefiting each individual market participant of an increasing adaptation. Finally, currencies only work when they are universally used. Also against this Background, news, witnesses an increasing institutionalization of the crypto-market by increasing legitimacy, i.e. trust.
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