User avatar
Global Moderator
Global Moderator
Posts: 3156
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

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.

If you have any questions regarding this lesson, please post below and one of our helpful staff or community members should be able to assist you.
Please help Ross and his family during this hard time by donating to the fund. Play at the best provably fair Bitcoin games site here: Need a fantastic Bitcoin wallet Pick up some great swag here

User avatar
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 20
Joined: Wed Dec 26, 2018 10:04 am

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 ...

Return to “Bitcoin Basics”

Who is online

Users browsing this forum: No registered users and 0 guests