There’s been much talk about whether Bitcoin will last and stay around. While considering what the answer might be something occurred to me…
Right this minute, July 28, 2017 at 12:10AM ET
Bitcoin is selling for $2,700.12 USD over at CoinBase
That means, it costs us $2,700.12 US dollars to buy ONE Bitcoin, and while the price of Bitcoin does fluctuate the the price of it keeps climbing higher.
What I realized, on a level that I hadn’t before is that our US dollars are pretty damn worthless right now since everyone around the world is agreeing that it will require over $2,700 of them (USD) to buy one Bitcoin!
Our US dollar has never been worth anything more than one dollar… and here we have this intangible thing on what’s called a Blockchain that has a far greater value than our fiat currency.
Bitcoin was created by Satoshi Nakamoto, who published the invention on 31 October 2008, and was released on 3 January 2009 and it not only has been around since then but it’s history has only been to grow stronger and more valuable.
Bitcoin.org has this to say about why Bitcoin has value…
Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin’s value comes only and directly from people willing to accept them as payment.
So, when you consider in the past all of the paper and junk metal currency that has been created the only reason it was used for any length of time was because everybody agreed it could be used as a money.
While it’s too soon to say for certain whether or not Bitcoin will stay, I have to say it’s looking very likely.
Plus, Clif High looked in his data-sets to see if Bitcoin showed signs of being around over time and he said he looked as far as 100 years from now and it was still with us.
My opinion is that Bitcoin will be with us for quite some time and it will continue to trend upward as more people around the world buy into Bitcoin as an alternative to the corrupt central banking system.
I think the number of people buying Bitcoin will increase rapidly over the next two years… word spreads much more quickly when average people are making significantly larger amounts of money in the crypto-sphere than they are at their jobs, or any other investments for that matter.
If you already own Bitcoin and would like to earn compound interest on it click my referral link here for Control-Finance to get in early while Bitcoin prices are still low, Bitcoin is purchased at CoinBase.
I started with $300USD investment of Bitcoin at Control-Finance almost a week ago to try it out. I wanted to make sure it was a good investment. I am very happy I did as it is the most empowered I’ve felt about my financial future in the past 15 years! I’ll be blogging more about my experience over the coming days and do a step-by-step on how to start doing this stuff.
Getting in early has its advantages as many who are more expert at knowing than I continue to say that we haven’t seen anything yet in terms of how high this newfangled rocketship is going to soar! Hang on kids, here we go! WEEEEEEEEEEEEE ;-)
Where’s Bitcoin at now? Here’s the real-time Bitcoin ticker for us to find out…
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