The emergence of bitcoin as one of the hottest new investment assets has surprised many who once believed the blockchain driven cryptocurrency would never have real world value. Scarcity utility supply and demand.
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How to earn and make money with bitcoin.
How does bitcoin earn value. Each bitcoin math problem has a set of possible 64 digit solutions. People will adopt bitcoin because its the easiest or o! nly way to complete tasks x y and z. In this article we seek to lay a framework for calculating a medium to long term value for bitcoin and to empower the reader to make their own projections on the value of bitcoin.
A desktop computer if it works nonstop might be able to solve one bitcoin problem in two to three days however it might take longer. Its restricted by 21 million and not all coins are emitted yet. The answer to this question is rather simple and it lies in basic economics.
This estimate does not include any additional fees or transactional. Based on that value one bitcoin would be worth a little over 16500 and 16 bitcoins would be worth more than 26400 today. The bitcoin supply is limited.
Why exactly does bitcoin have value many people find it difficult to grasp how something which only exists digitally can have any value at all. A lot of people are into bitcoin and cryptocurrencies in order to ! make a quick buck. Ultimately bitcoins value as a programmable! asset is the most viable path to mass adoption.
Bitcoin became bitcoin bitcoin cash. Bitcoin the worlds first decentralised digital currency was launched in 2009 by a mysterious person known only by the pseudonym satoshi nakamoto whose true identity is still unknown. Sensible people were amazed that not only did bitcoin cash end up being worth usd 400 a coin approx.
10bn market cap but that the bitcoin price went up after the split too. Bitcoin can be used as both medium of exchange and a store of value the second depends on the first.
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