Bitcoin blooms against all odds

Because now it is the fashion now, I would like to announce that I will run its own cryptocurrency next week.

Let's call it "kingcoin".

No, it's too useful.

How about "muttcoin"? I've always had a soft spot for the mixed breeds.

Yes, this is perfect – everyone loves dogs.

This will be the largest of the disc time.

Congratulations! Anyone who has read it, will receive a mutkoyne when my new coin will start next week.

I'm going to evenly distribute 1 million sheep. Do not hesitate to spend it anywhere (or where someone takes them!).

What is it? The cashier at Target told that they do not accept our muttcoin?

Tell those who doubt that the deficit has muttcoin value – only there will be millions of barrels. In addition, it is supported by the full faith and credit to 8GB of RAM my desktop.

Also, remind them that ten years ago bitcoin could not even buy you a pack of gum. Now one bitcoin can buy a lifetime supply.

And like bitcoin, you can store muttcoin safely offline, away from hackers and thieves.

Basically it is an exact copy of Bitcoin properties. Muttcoin has a decentralized book with the impossibility of breaking cryptography, and all transactions are unchanged.

Still not sure what the future of our cooking will be worth billions?

Well, of course. The fact is that to launch a new cryptocurrency much more difficult than it seems, if not downright impossible.

That's why I think that bitcoins reached these heights in any chances. And it will continue to do so thanks to its unique network of users.

Of course, there have been setbacks. But each of these failures eventually led to higher prices. The last 60% of the fall will be no different.

miracle Bitcoin

Bitcoin's success lies in its ability to create a global network of users who either are willing to do with them now or store it for later. Future prices will depend on the pace of network growth.

Even in the face of wild price fluctuations, the adoption of Bitcoin continues to grow at an exponential rate. Now the world is open 23 million purses that have plagued the 21 million bitkoynav. In just a few years, the number of purses may increase, including the 5 billion people on the planet that are connected to the Internet.

Sometimes the motivation of new crypto-converters was speculative; sometimes they were looking for a store that was not the local currency. Last year, new applications such as Coinbase, will further facilitate the incorporation of new members.

If you have not noticed, when people buy bitcoins, they talk about it. We all have that friend who bought a bitcoin and did not want to keep silent about it. Yes, I am to blame for this – and I'm sure there are plenty of readers.

Perhaps subconsciously, become owners of crypto-evangelists, so persuading others to purchase serves their own interests, increasing the value of their possessions.

Evangelism Bitcoin – a good word – it is a miracle led to the rise in prices from 0,001 dollars to recent price of 10,000 dollars.

Who could have imagined that her psevdanimny creator, fed the global banking aligapoliyay, launched an intangible digital resource that scored the greatest value of world currency in less than a decade?

No religion, political movement and technology have never witnessed such growth. Once again, humanity has never been so connected.

money idea

Bitcoin began as an idea. To be clear, all the money – whether it's shell, which used primitive islanders, gold bar or a dollar – began as an idea. The idea is that users' network is equally valued and will be ready to say goodbye to something the same value for your money form.

Money has no intrinsic value; its value is purely externally – just what others think it is worth it.

Take a look at a dollar in your pocket – it's just a fancy piece of paper with one-eyed pyramid, portrait petals and signatures of important people.

To be useful, the society should treat it as a unit of account, and traders should be prepared to accept it as payment for goods and services.

Bitcoin has demonstrated an unusual ability to reach and connect to a network of millions of users.

One Bitcoin is worth only what the next person is willing to pay for it. But if the network continues to grow at an exponential rate, limited offer claims that prices can only move in one direction … above.

bottom line

Nine-year rise of Bitcoin was marked by huge bouts of volatility. It was 85% correction in January 2015 and several other more than 60%, including a huge 93% drop in 2011.

However, after each of these amendments network (measured by the number of purses) has continued to expand rapidly. As some speculators saw that their price has dropped, the new investors on margin saw the price and have become customers.

Pathological levels of volatility in the fact that Bitcoin network has helped to grow to 23 million users.

Hey, maybe we just need some vagalnasts prices muttcoin, to attract new users …