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Lesson 3: Bitcoin Exchange Rates

Thu Jun 21, 2018 4:50 pm

Lesson 3: Bitcoin Exchange Rates
We explored basic facts of the Bitcoin network: the total supply of bitcoin is limited to 21 million coins, which also has an impact on the pricing. For example, in early 2011 one bitcoin was worth less than one USD, but in 2017 one bitcoin is worth more than a thousand USD. In the future, if bitcoin becomes truly popular, each bitcoin will likely be worth hundreds of thousands of dollars to accommodate additional demand. All that is required for bitcoin, or any form of money to stabilize, is trust and adoption. In the case of bitcoin, this can be measured by its growing base of users, merchants, and start-up companies. As with all currencies, bitcoin's value stems directly from people willing to accept them as barter or payment.

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Fabulka
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Re: Lesson 3: Bitcoin Exchange Rates

Thu Feb 28, 2019 4:48 pm

If people will use Bitcoin more often, then it will increase in price?
Then maybe Bitcoin can increase dramatically in price someday ...
Hi)

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