It seems stupid to some people that one bitcoin can be worth hundreds of dollars.
What makes bitcoins attractive?
Bitcoins are scarce and useful.
Let’s look to gold as an example currency. There is a limited amount of gold on earth.
As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.
The same is true with Bitcoin.
There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine.
So really investing in Bitcoin in 2018 is something worth doing because mainly they are dispatching the last 7 millon in 2018 so getting your hands on a bitcoin in 2019 is very unlikely so the price will shoot up due to there is no more left
Bitcoin will be mined for the next 100 years or so because the amount of new mined BTC drops every 4 years.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very true
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @jamieboii1510! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit