THE 7 NETWORK EFFECTS OF BITCOIN

in bitcoin •  7 years ago 

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7 network effects of Bitcoin

1. speculation

2. merchants

3. consumers

4. miners

5. developpers

6. finacialization.

7. world currency

Detailed Explanation of 7 Network Effects of Bitcoin

CHEERS TO AN EXTRAORDINARY 2018 FOR CRYPTOCURRENCY!

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7 years ago by

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    • [-]
      ·  7 years ago 

    True. Well, speculation has always been there. Even without cryptocurrencies

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    2 votes
    [-]
      ·  7 years ago 

    Yes, you are definitely right! Speculations always on the top! Upvoted and Followed happily! Hugs from Spain.

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    2 votes
    [-]
      ·  7 years ago 

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    [-]
      ·  7 years ago 

    Yes, all those components affects the bitcoin as well as altcoins.
    Valuable post, Thank :)

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    1 vote
    [-]
      ·  7 years ago 

    I predict bitcoin will one day be legend by all countries. because bitcoin is an easy way for anyone who wants to mine.

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    [-]
      ·  7 years ago 

    2018 will be remembered forever make it the best year ever :D

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    1 vote
    [-]
      ·  7 years ago 

    I think #7 should be #1 and has HUGE implications when bitcoin is officially the global currency.

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    2 votes
    [-]
      ·  7 years ago 

    I think user adoption is also the network effect of bitcoin. Users will be naturally be attracted and use the currency that costs nothing to transact and allows them to buy products from anywhere in the world. Bitcoin as a currency, facilitates commerce without any banks or any other intermediaries, taking their slice of pound of flesh from the users.

    Bitcoin user adoption is starting to accelerate around the world. Economic uncertainty around hyperinflation, bail-ins, negative interest rates and quantitative easing is shaking investor confidence in the legacy financial system.

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    1 vote
    [-]
      ·  7 years ago 

    bitcoin future is in danger in Pakistan. FIA has some reservations over its system. But i feel this is logical way to trade in 21st century.

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    1 vote
    [-]
      ·  7 years ago 

    bitcoin is great...bitcoin is future

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      1 vote
      [-]
        ·  7 years ago (edited)

      exactly....
      agreed.... @worldclassplayer

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        1 vote
        [-]
          ·  7 years ago 

        so informative post.love to read it. thanks for sharing

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          1 vote
          [-]
            ·  7 years ago 

          You are right this coin Are EFFECTS OF BITCOIN @worldclassplayer
          ThThanks for sharing
          UPVOTED &FOLLOWED

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            1 vote
            [-]
              ·  7 years ago 

            what a creativity!!
            U5dt8BFauhjGURqh8Rn38guHXV9gmrZ.gif

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              1 vote
              [-]
                ·  7 years ago 

              @worldclassplayer are you on steemit chat or Discord I wanted to have a chat with you.

              Please reply.

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                [-]
                  ·  7 years ago 

                Wow! nice post.. Thanks for giving the news.. I like your post very much.. Keep it up.. Stay blessed be happy.. Thank you.. @johurul720

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                  [-]
                    ·  7 years ago 

                  dude what about world politics, is it with bitcoin? i don't think so. now its us who we decide about future @worldclassplayer

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                    [-]
                      ·  7 years ago 

                    what?

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                      [-]
                        ·  7 years ago 

                      you are definitely right! Speculations always on the top! Upvoted and Followed happily! Hugs from Spain.

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                        [-]
                          ·  7 years ago 

                        420_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYjhlODIxNDE2MDEzZDM0Y2UwMGFiOWIwMTNlNTdhOS5qcGc=.jpg

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                          [-]
                            ·  7 years ago 

                          Bitcoin is leading the price of currency of all coins.

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                            [-]
                              ·  7 years ago 

                            thanks sir for share
                            upvote and resteemit done

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                              [-]
                                ·  7 years ago 

                              Surely. I have learnt something new

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