Bitcoin Interesting Reading From The Past Week
Trying to work out the worth of Bitcoin, not an easy feat! Supply/Demand and Mining, plus everything in between. Placing value into something that is not tangible, not controlled, leaves many puzzled as to how far this can go.
Overall I found this an exceptional read, (even if the maths used is way above my head), it makes sense of the nonsensical. Well worthwhile reading a couple of times to get the full gist, no one knows where cryptomoney will go.
What’s the value of a cryptocurrency made of code with no country enforcing it, no central bank controlling it, and few places to spend it? Is it $2, $20,000, or $2 million? Can one try to grasp at rational analysis, or is this just the madness of crowds?
The digital coin gained as much as 4 percent Friday, putting it on pace for its first back-to-back week of gains this year. The mini-rally is helping to ease the pain from the more than 50 percent loss in the first quarter that followed last year’s 1,400 percent surge.
The increase has bought the gains over the two-week period to almost 29 percent. Other crypto tokens rallied Friday, with Ripple jumping as much as 19 percent, Ethereum climbing 7.5 percent and Litecoin adding 4 percent.
Bitcoin has nudged up on a two week positive run, that is a good sign for those invested. This bounce back has helped restore some confidence in the market for those who have nervously waited in the wings to wait for movement.
Ethereum, Ripple and Litecoin have also gained over the past couple of weeks, pulling other smaller tokens and coins along with Bitcoin's growth. Predictions about the growth in April has been quite accurate.
Wealth diminishes with usage; learning increases with use. ~ Nigeria
Crypto and Social Media, I personally use @kryptonia
Click the Footer Below to Find Out More
This was a cool valuation method that I hadn't seen. Thanks for sharing.
I enjoyed the method used, it is not over convoluted.
Congratulations! You got a 10% upvote from @kryptonia Steem bot!
If you want to get 100% upvote, these are the conditions:
*If you do not have an account, grab here kryptonia.io.
Love the initiative taken to promote @kryptonia - What a brilliant community @christeljunco12 have an awesome day!
Thank goodness for the bounce back, please can it bounce a bit higher? :)
Seems to be bouncing back again @sweetpea
A little bit complicated maybe but very very interesting! :)
Always interesting to see how people are trying to put this into perspective @stylefrancky
thanks for your infomation.
We all learn together Ziggy 😊
thanks for the information.... from kryptonia@everdope
Have a wonderful weekend
Nice one, keep it up. Kryptonia id @chetachi26
Have a nice weekend too!
Kryptonia @nexit @nl_exit
Good post
Joanstewrt
Kryptonia ok
It is good to hear bitcoin has gained its strength once again. Upvoted and commented by rubelynmacion
Slow road back up again.
I think the important moment will come when the masses see that can actually spend crypto like fiat. Then the doors open!
I'm coming to you from @kryptonia with the same user name.
It is going to happen, hopefully sooner than later Sharon.
Great post and thanks for this. Kryptonia id @grace234
Thanks for sharing this information.@ofili2
It should keep going and not drop pls.
diamondrich from #kryptonia......do have a great weekend
Upvoted drom kryptonia @omobolaji
Then gold is worth $1 and I'm from Kryptonia @ianstevenson