Bitcoin thrives on all odds

Since it is currently in vogue, I would like to announce that I will be introducing my own cryptocurrency next week.

Let’s call it “kingcoin”.

No, it’s too self-serving.

How about muttcoin? I have always had a soft spot for mixed breeds.

Yes, it’s perfect, everyone loves dogs.

This will be the biggest thing after fidget spinners.

Congratulations, everyone who reads this will receive a cashier when my new coin launches next week.

I’m going to distribute 1 million mutuks evenly. Feel free to spend them wherever you want (or wherever someone will accept them).

What is it? The Target cashier said they would not accept our mutcoin.

Tell the doubters that the dark has little value. There will be only 1 million mutukoys. In addition, it comes with a full credit 8 credit of 8 GB of RAM on my desktop և credit.

Remind them that a decade ago bitcoin could not even buy you a box of chewing gum. Now one bitcoin can be bought for a lifetime.

And like bitcoin, you can keep your password safe online, away from hackers and thieves.

It is basically an exact copy of the properties of bitcoin. Muttcoin has a decentralized registry, which is impossible to crack with cryptography, և all transactions are unchanged.

Still not sure if our wallets will cost billions in the future?

Well, that’s understandable. The fact is that the launch of a new cryptocurrency is much more difficult than it seems, if not impossible.

That’s why I think bitcoin has reached these heights, despite all the odds. And because of its unique network of users, it will continue to do so.

Of course, there have been setbacks. But each of these failures eventually led to higher prices. The last 60% drop will not be different.

The miracle of Bitcoin

Bitcoin’s success is based on its ability to create a global network of users who are either willing to trade it now or save it later. Future prices will be determined by the growth rate of the network.

Even in the face of wild price fluctuations, bitcoin adoption continues to grow exponentially. There are currently 23 million wallets open in the world, chasing 21 million bitcoins. In a few years, the number of wallets may increase to include the 5 billion people on the planet who are connected to the Internet.

Sometimes the motivation of crypto converts was speculative. At other times, they were looking for a storehouse of value away from their own currency. In recent years, new applications such as Coinbase have made it even easier for new users to log in.

If you have not noticed when people go to bitcoin, they talk about it. We all have a friend who bought bitcoin and then did not keep quiet about it. Yeah Al that sounds pretty crap to me, Looks like BT aint for me either.

Unconsciously, owners become covert evangelists because the persuasion to buy for others serves their own interests to increase the value of their possessions.

Bitcoin evangelism, the spread of the good word, is what miraculously led to a price increase from $ 0.001 to $ 10,000 recently.

Who would have thought that the creator of the so-called global banking oligopoly, under its pseudonym, had launched an intangible digital resource that competed with the value of the world’s largest currencies for a decade?

No religion, political movement or technology has ever witnessed this growth rate. Then again, humanity has never been so connected.

The idea of ​​money?

Bitcoin started as an idea. To be clear, all the money, be it the money used by the primitive islanders, the gold bar or the US dollar, started as an idea. The idea is that the network of users equally values ​​it կլինի will be willing to part with anything of equal value for your money.

Money has no internal value. its value is purely external, only what others think is worth it.

Look at the dollar in your pocket. It’s just a gorgeous piece of paper with a single pyramid, a staple portrait and the signatures of important people.

To be useful, the public must view it as a unit of account, and traders must be willing to accept it as a payment for goods or services.

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

One bitcoin is worth only what the next person is willing to pay for it. But if the network continues to expand exponentially, the limited supply suggests that prices can only move in one direction … higher.

Bottom line:

The nine-year rise of Bitcoin was marked by huge attacks of instability. In January 2015, there was an 85% correction, and some – more than 60%, including a huge 93% decline in 2011.

With each of these corrections, however, the network (as measured by the number of wallets) continued to expand rapidly. As some speculators saw that their value had plummeted, new investors saw a margin and became buyers.

Abnormal levels of instability are what really helped the bitcoin network grow to 23 million users.

Hey, maybe we just need some price volatility to attract new users …

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