Bitcoin History – Price since 2009 to 2019, BTC Charts ...
Bitcoin History – Price since 2009 to 2019, BTC Charts ...
Looking at Bitcoin Volatility Over the Years - The Bitcoin ...
Bitcoin Price Chart - 5 Years Historical Bitcoin Price Chart
Bitcoin Could Hit $300,000 In Five Years Even Without ...
#1 Simple Bitcoin Price History Chart (Since 2009)
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Hello community, I come to share my bitcoin analysis. For that I put the dollar prices in the daily period, another important indicator that I used was google trends, I did the research using the word bitcoin, in the last 5 years, all over the world I made a graph combining the values.
Since Bitcoin's value grew at 20000x over the past 10 years while it only went through 2.5 halvenings there is no danger of a lack of incentive.
Additionally, as usage grows, even the minimum fee will need to fall. Don't believe me? In our wildest dreams, bitcoin could handle 5 transactions for per day for every person in the world. This would be peer-to-peer electronic cash. Well, what would the fees be at just the minimum fee? 5 transactions per day per person for 10 Billion people, we'd need 50 Billion tx per day, which would be 5 terabyte of block data per day at 100 bytes per transaction. This is 21GB per block on average. At 1 sat/byte, this would be 21 billion satoshis per block on average. That's 210 Bitcoin per block. So at some level Bitcoin's minimum fee will need to drop if it really becomes global cash. But can we get an idea when this will be a problem? Bitcoin started 2013 at 20k transactions/day and doubled every year from 20k, 40k, 80k, 160k, and the 300k for the start of 2017. This metric later fell over the long term for the first time in it's history to 150k-200k per day by this time last year. Today, it's mixed with Veriblock and running into the ceiling, so it's usefulness as a metric is basically done, but for those curious it's around 400k/day. BCH, on the other hand, has been at a sad 10k/day for the past year. But in the past 3 months, has grown from an average of ~10k/day to ~40k/day. This is now suddenly Jan 2014 level. If we assume BCH later grows like BTC or BTC increase the blocksize(lul), then we can extrapolate from Bitcoin's original growth to get some idea. We get to 1M, 2M, 4M, 8M, 16M, 32M, 64M, 128M, 256M, and ~512M tx/day 10 years from today at ~500k. That's still far from 50B per day, but we'd already have 2.133 Bitcoin in fees at 1 sat/byte. That's only 2 or 3 more halvenings away. BTW, since I know it's going to come up, 1GB blocks are possible on commodity hardware today, so the feasibility of 21GB blocks is not only high, it's downright impossible the imagine it won't happen. Networking throughput per dollar and storage per dollar both grow exponentially, this is not really debatable. 21GB are not only possible, they're downright inevitable. But anyway...
The huge increase in the value of Bitcoin over the last few years means that it has basically failed as an alternative to conventional currency.
The point of a currency is that it is transactional. It is a fairly good representation of a given amount of wealth, and therefore you're comfortable using it to pay for things you want and receiving it for things you sell. One of the reasons that you don't see people using gold for basic transactions is because the price of gold varies so greatly. If you try to pay for something in gold, the amount of gold you pay will be entirely dependent on the seller's opinion of the market for gold. With currency, this problem doesn't exist. Everyone has a fairly similar opinion of what the value of a dollar is, what it's value will be a year from now, and what its value will be every day in between. Sure, it fluctuates with inflation, but no one seriously expects it to suddenly halve or double in value. So people are comfortable using it to pay for things. No one in their right mind uses Bitcoin to actually pay for things. And only businesses who think its value will continue to rise will accept it. It is, therefore, not functioning as a currency. It has failed as a currency.
Bitcoin isn't a bubble. The valuations you are seeing are from thousands of people making decisions over years to put some of their money in cryptos. They are all wise and rational decisions therefore the values are wise and rational and well established by widely distributed decisions.
Bitcoin isn't a bubble. The valuations you are seeing are from thousands and thousands of people making decisions over years to put some of their money in cryptos. They are all wise and rational decisions therefore the values are wise and rational and well established by widely distributed decisions.
"It’s a terrible store of value...It could be replicated over and over." Jamie Dimon said in an interview with CNBC about BTC in 2014. He knew something better would eventually replace it and 2018 will be the year that everyone realizes that BCH is the real Bitcoin.
@SamuelPatt This is something many Do Not Understand: over the past ten years, Bitcoin has provided value to an inc… https://t.co/EOJT1xIiuZ - Crypto Dynamic Info - Whales's
Posted at: February 19, 2019 at 07:17AM By: @SamuelPatt This is something many Do Not Understand: over the past ten years, Bitcoin has provided value to an inc… https://t.co/EOJT1xIiuZ Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
Norway's Sovereign Wealth fund, built over the course of 21 years is now valued at over 1 Trillion dollars. Will big hitting players like this ever invest in bitcoin (the cryptocurrency)?
A big player like this investing even a small % of capital into bitcoin could move the market significantly and open the floodgates for other major institutions following suit. The SWF started in 1996 and invested only in bonds but is now split 65% into stocks, 32.4% into fixed income and 2.5% into unlisted real estate. It has recently emerged that it is proposing big portfolio changes but nothing as leftfield as cryptocurrency. How long before a SWF, major pension fund or government invest heavily in the currency? Also, what is to stop a sovereign state using some freshly minted quantitative easing and use it to funnel capital into bitcoin?
The gap in value between Litecoin and Bitcoin has only grown over the years.
Everyone keeps saying how Litecoin is undervalued. And I agree. I personally believe at the very least is should be at 0.1 BTC. But we're at 0.01BTC. And it doesn't appear that the trend will break anytime soon. As new technologies make their way to Litecoin, it appears they will come to the other heavy hitters as well. Anyone care to differ?
"Its a terrible store of value...It could be replicated over and over." Jamie Dimon said in an interview with CNBC about BTC in 2014. He knew something better would eventually replace it and 2018 will be the year that everyone realizes that BCH is the real Bitcoin.
In the early days of Bitcoin, there were no exchanges to facilitate trading, making it difficult to value the digital asset. It took several years before its price rose above $1, but by the end of 2012, its price was expanding exponentially. 2013 was the year Bitcoin saw its first explosion, initially heading above $100 and then upwards of $1,000. Unfortunately, over the next few years, the ... Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information! Bitcoin Will Rise to Over $1 Trillion In Next Ten Years, Tesla Investor’s BTC Value Prediction. Lucas Cacioli Oct 05, 2020 14:45 3 Min Read. Copied. Bitcoin has had a rollercoaster year amid the COVID-19 pandemic market disruption but has ultimately persevered adding over 40% to its price and now exceeds $200 billion in market capitalization. The Bitcoin price sat at around $7,000 per ... Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced. Several early adopters were wise or fortunate enough to earn, buy or mine vast quantities of Bitcoin before it held significant value. The most famous of these is Bitcoin’s creator, Satoshi Nakomoto ... Related to surge of price of Bitcoin Cash, topping at US $2477.65/BCH or approx 2.2-2.5x of value of Bitcoin Cash to one Bitcoin. The developments knocks out Ethereum as second most popular cryptocurrency into third over the total market cap of said cryptocurrency as per USD value at least temporary before Ethereum steals the spot back at second place.
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