The more people used bitcoin, the more it went up in price and we've seen that it's gone up and it just happened to peak right there @ $7.7K+ last few weeks back and from there, it drops again roughly at $5.5k. Everytime bitcoin crashed, the critics were poping-up like popcorn in the web making videos and sharing there "so-called" brilliant ideas on how bitcoin will end. All these people who have been cheering for the Bitcoin bubble that it will go down to some intrinsic value of zero, they just don't understand what's happening. I don't believe that bitcoin will go demise. They're just throwing darts at a board saying that it's going to come down but the real underlying trajectory of the cryptocurrency world is that it's a new monetary revolution and that the blockchain technology is supporting it and to here to stay despite its being volatile. When Bitcoin drops, so many people taking advantage of it and as a result, the transaction volume will continue to rise and this is going to be the key in the fundamental growth of Bitcoin and any cryptocurrency. The number of people who are supporting bitcoin is multiplying every day and it spreads throughout the continents.
An important point for anyone who thinks that the cryptocurrency is in a major bubble - who would have thought the US dollar would be doing as good as it's doing, with the government printing it into existence and then just putting its stamp of approval on it and is accepted worldwide as a monetary value. What we have now is a currency where the free market wants to use it and believes in it. Wherein we can transfer funds instantly without hassle and is supported by the blockchain technology which is almost impossible to counterfeit. Cryptocurrency started as a monetary component, a competitor to the fiat currency system out of the belly of the financial crisis of 2008. And in there Bitcoin was born and it's been very useful for people that have been dealing with the problems that existed in their governments. They can instantly transfer their wealth outside of the confinements of the conventional system.
Currently, as of this writing, Bitcoin is making its highest mark of $8.2k surpassing its own record a few weeks back. And those critics were again silent of the successful journey of bitcoin heading to its goal of $10k before 2017 ends. And we, the "cryptonians" were so lucky that we are part of the joyride driven by the Bitcoin currency.
who did not buy it for 7000 buy for 10 who do not buy 10 buy for 15 and so on ad infinitum))
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Even how much the price of btc - there will always someone to buy it. 😄
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I read that already there are over 16 million btc in circulation, and that ultimately only a finite number of 21 million btc will ever be mined. If the use of btc is still in it infancy, then going by these proposed limit, bitcoin may not be enough for future users.
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After mining the last piece of bitcoin, its price will skyrocket and every transactions will give miners an incentives and rewards.
You can further read my article about whats next if the Last piece of Bitcoin being mined
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@kevaton,
1 BTC can be infinitely divisible. For example, currently 100,000,000 satoshis = 1 BTC. And if necessary, after the last BTC is mined in the year 2140, a unit smaller than a satoshi can easily be adopted.
Namaste,
JaiChai
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Those who spread bad rumors about Bitcoin have their own agenda. Obviously, bankers and some governments don't want the success of Bitcoin because it represents the power of freedom.
And naturally, there are some that don't understand blockchain technology, and how much benefit it gives to the world.
We'll be seeing more bankers talking trash and reading some crazy traditional investor's rant. But ironically, the more they talk bad about Bitcoin, the more gas they put into it.
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Crypto is being forced as a topic as tax guidelines and competing government created cryptocurrencies are created.
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Bitcoin was stolen in the future and brought back to the past so the zionist Fed could control crypto , Coindesk Larry Summers and david Brock are connected to the fed , it is no mere"co-incedence" that Satoshi Nakamoto does not exist in any real sense and that bitcoin was merely a poor clone coin .
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Thats very interesting story but do you have any proof of it? You mean, its like back to the future story? :)
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Thats very interesting story but do you have any proof of it? You mean, its like back to the future story? :)
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I think I stated that Nakamoto and the premature birth and the FED's involvement all point very clearly to something rotten in the state of Denmark . did you mean " do I have a picture of the time machine ?" erm... no (oh and the obviously terrible code base )
HERE'S MY ORIGINAL POST: https://steemit.com/bitcoin/@vaerospace/it-s-official-bitcoin-is-a-trojan-horse-from-the-future
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I'm just resteem your post...
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Cheers for BTC!
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Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
The @reblogger's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
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This wonderful post has received a bellyrub 19.48 % upvote from @bellyrub. Please make sure to vote for my pops as a witness @zeartul,Here
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thanks
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This post has received a 28.95 % upvote from @buildawhale thanks to: @elizahfhaye. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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thanks
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This post has received a 42.11 % upvote from @aksdwi thanks to: @elizahfhaye.
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Critics are basically like an infection, whatever they touch will be showered with negativity. Let it be Bitcoins or let it be movies, they just love spreading negativity to get attention. It is about time that we all ignore critics and frame our own opinion by doing research.
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This post has received gratitude of 29.14 % from @appreciator thanks to: @elizahfhaye.
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This post has received a 37.5 % upvote from @boomerang thanks to: @elizahfhaye
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
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Good post. I think it really just depends on whether everyone, for whatever reason, starts selling all at once.
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This is truly an amazing run! As of my commenting here BTC has gone up another $800-900! Just amazing!
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