Bitcoin 7 years ago $100
SegWit makes things 10 times quicker. Will Bitcoin ever reach the pace of Visa? Steem is faster than both of those by a large degree. As far as I am able to tell it and bitshares both based off of Graphene are the fastest cryptos out there.
Bitcoin is working more and more like a savings account. Even if transaction speeds are massively boosted, I think people are still using it as a deflationary savings. I think cryptocurrency is the future of economy. Like the internet, it'll take over the infrastructure and pretty soon banks will run on the bitcoin network.
I also saw that news article on there yesterday, they did tend to dismiss Bitcoin on the video feed as a safe haven buy and right at the end one of the panel remarked that Bitcoin was overpriced and not to buy it, so they did put a negative spin on the news story. Perhaps Bitcoin will be more widely used as a store of value and another crypto will be used for daily transactions? Hmmm, I wonder how closely the banking industry is involved in ransomware ops, says paranoid Steve.
Now, all of a sudden we see this wave of positive reporting. Monday also marks the seventh anniversary of Bitcoin Pizza Day, which is widely considered to be the first transaction using the cryptocurrency. However, to the point at hand Can you imagine having gotten your hands on thousands of Bitcoin when it was so cheap it was practically worthless and you could mine it at home on your PC?
What's going on here? Follow me shayne image source. Authors get paid when people like you upvote their post. Though bitcoin is painfully slow which I fight to deal with on almost a daily basis.
Yeah, I've been dealing with this a lot too: There are my crypto options for speedy transactions. We will see what comes out of all this. I mined early on. I had just over 3 bitcoin and just lost interest in it. Now I too do not remember the wallet keys to access those funds. Very true and after all BTC is a doorway for even more profitable tokens to buy at this point.
This is how i made more btc then i bought initaly. And afther all the big money yet to come so dont waste time. Im the one who had bought bitcoin with usd total paid.
But im sold it when the price hit 1k usd per btc. I think that limit price but now In meantime, i already got k usd for total or 99k usd net. Now still buying when price dumb. Lets see the price when hardfork in a few day coming.. I think this "if you bought bitcoin in the past you have X money" is a huge fallacy, if you bought bitcoin 7 years ago, it would not be 0. The only reason that bitcoin was cheap in the past is that we didn't buy it Sorry this is rubbish argument.
People paid money for bitcoin and now it it is worth a lot more. That is not fallacy that is fact. The value of Bitcoin is measured in the difficulty of the mining, and the fact there's only 21 million Bitcoins issued. Please correct me if I'm wrong on the 21 million cap. It is not a fallacy, it is obvious economic truth.
If you bought dollars worth of bitcoin when it was valued at. Today those same bitcoins are worth over 20 million dollars. Where is the fallacy? I wont say it is a fallacy but the crypto market does follow the supply and demand model. The supply is capped in bitcoins case and if there is a steady increase in demand the price will go up. Authors get paid when people like you upvote their post. Hey this could still be you buy now: P in 7 years you could be a millionaire.