Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Paglamon on April 10, 2020, 01:07:23 PM
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Bitcoin’s Journey From Being a Bubble To a Commodity
Over time there has been an evolution in the medium of exchange, from a Barter system to using fiat money as a medium, people have now started moving towards digital assets. Here we are talking about cryptocurrency and particularly Bitcoin. Bitcoin, the first decentralized cryptocurrency was first launched in 2009 by...
In its initial years, people did not see much potential in Bitcoin and very few people were aware of it. The price of the digital asset also remained near zero in its early years. To understand the magnitude at which king coin has grown in leap and bounds in the last decade, the best example is of Kristoffer Koch who bought Bitcoin worth $27 in 2009. As of October 2013, the price of his holdings raised to $980,000 which he must not have expected at all during the time of its purchase. And if we evaluate the price of the asset as per its 2017 bull run the price would be in millions.
For a few consecutive years, there was not any notable success in terms of price for bitcoin. People were unable to show their faith only until it started growing. A person paid 10,000 bitcoins for just two pizzas and surprisingly those coins would have been worth of $100 million as per its current value.
Read it.
What is your opinion?
Explain here?
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Well, the price of a decentralized cryptocurrency is very unstable. Bitcoin has come a good way in terms of price over its ten years of existence. However, no one knows what will happen to the price of bitcoin further. All forecasts about the cosmic prices of Bitcoin in a few years are no more than assumptions. Similar financial assets have not yet existed in the practice of mankind. Most likely, the cryptocurrency will continue to develop, in the near future the price of bitcoin will still grow. However, there is a limit to everything. Decentralized cryptocurrency remains a big mystery to many.
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Bitcoin’s Journey From Being a Bubble To a Commodity
Over time there has been an evolution in the medium of exchange, from a Barter system to using fiat money as a medium, people have now started moving towards digital assets. Here we are talking about cryptocurrency and particularly Bitcoin. Bitcoin, the first decentralized cryptocurrency was first launched in 2009 by...
In its initial years, people did not see much potential in Bitcoin and very few people were aware of it. The price of the digital asset also remained near zero in its early years. To understand the magnitude at which king coin has grown in leap and bounds in the last decade, the best example is of Kristoffer Koch who bought Bitcoin worth $27 in 2009. As of October 2013, the price of his holdings raised to $980,000 which he must not have expected at all during the time of its purchase. And if we evaluate the price of the asset as per its 2017 bull run the price would be in millions.
For a few consecutive years, there was not any notable success in terms of price for bitcoin. People were unable to show their faith only until it started growing. A person paid 10,000 bitcoins for just two pizzas and surprisingly those coins would have been worth of $100 million as per its current value.
Read it.
What is your opinion?
Explain here?
Yeah, Bitcoin has far gone beyond been a bubble even as may of us had discussed in deverse topics and in different forums and communities including social media platforms. I think Bitcoin has propven to be a tradable commodity just like stocks. Bitcoin will definitely dominate the stock trade in near future.
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Well, the price of a decentralized cryptocurrency is very unstable. Bitcoin has come a good way in terms of price over its ten years of existence. However, no one knows what will happen to the price of bitcoin further. All forecasts about the cosmic prices of Bitcoin in a few years are no more than assumptions. Similar financial assets have not yet existed in the practice of mankind. Most likely, the cryptocurrency will continue to develop, in the near future the price of bitcoin will still grow. However, there is a limit to everything. Decentralized cryptocurrency remains a big mystery to many.
In terms of price, bitcoin was in good condition. But no one can predict exactly where bitcoin will go. But many experts are convinced that in order to sustain the economy of many countries, the price of bitcoin has to be raised. But there is a huge mystery behind it.
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Bitcoin’s Journey From Being a Bubble To a Commodity
Over time there has been an evolution in the medium of exchange, from a Barter system to using fiat money as a medium, people have now started moving towards digital assets. Here we are talking about cryptocurrency and particularly Bitcoin. Bitcoin, the first decentralized cryptocurrency was first launched in 2009 by...
In its initial years, people did not see much potential in Bitcoin and very few people were aware of it. The price of the digital asset also remained near zero in its early years. To understand the magnitude at which king coin has grown in leap and bounds in the last decade, the best example is of Kristoffer Koch who bought Bitcoin worth $27 in 2009. As of October 2013, the price of his holdings raised to $980,000 which he must not have expected at all during the time of its purchase. And if we evaluate the price of the asset as per its 2017 bull run the price would be in millions.
For a few consecutive years, there was not any notable success in terms of price for bitcoin. People were unable to show their faith only until it started growing. A person paid 10,000 bitcoins for just two pizzas and surprisingly those coins would have been worth of $100 million as per its current value.
Read it.
What is your opinion?
Explain here?
Yeah, Bitcoin has far gone beyond been a bubble even as may of us had discussed in deverse topics and in different forums and communities including social media platforms. I think Bitcoin has propven to be a tradable commodity just like stocks. Bitcoin will definitely dominate the stock trade in near future.
Everyone thinks that must happen. I wanted to sell 1BTC the last two days ago. But an expert brother told me to hold on. The future of bitcoin is very bright. Because there is a lot of speculation going on with bitcoin. This will have a big impact on the economy. So now I hold BTC and all the token.
That is the case with bitcoin
My wish