Economic Edge: The Math of Bitcoin and Why it is NOT yet ...

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The whole concept of crypto-currency is pretty interesting. Currencies are only worth what the masses perceive them to be worth. I think if someone can keep their bitcoins safe, there's a pretty good opportunity in bitcoin mining during the short term. The value of bitcoins is going to rise as the difficulty level rises in mining them. Bitcoin "mining" is an incentive structure that has been instrumental in developing that exponential rise in participation. Just as with the automatic inflation regulation, mining is also a purely rational and self-regulating method. I view Bitcoin "mining" as that relief valve, but it is a somewhat static element and may not be sufficient to offload enough during a large enough inflow. If that were to happen with the nascent Bitcoin environment, the stigma that would be associated with such forms of currency could set them back quite a ways. Bitcoin’s price has been following a new uptrend line since it bottomed. This is the heavy right upsloping arrow on the chart below. Note how that line with the former downtrend line formed an X? If prices gravitate to that new uptrend line on the way out, then prices will be at or near the prior $20k high by about the end of this month. (bitcoin) Here’s looking at you Microsoft tablet and google glass, but it opens the way for better and improved developments. The whole idea isnt to destroy any of the current paper currencies ...

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Best Bitcoin Mining Software That Work in 2020 🍓 - YouTube

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