Author Topic: how long to mine 1 bitcoin 2018  (Read 222 times)

KrasnovSkr

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how long to mine 1 bitcoin 2018
« on: August 12, 2018, 10:45:32 AM »

 
 
 
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think of it like this: investing in btc could be like investing in the internet during its early days, and i dont mean like putting your money into dot com start-ups  i mean the actual internet itself. the key difference, of course, is that the internet is free to use while every bitcoin transaction must be paid for. potential gains outstrip potential loses : the potential gains if bitcoin enjoys any substantial success are astronomical. to give you an idea of this we will just consider it as a currency, which as i already explained is only one out of many applications.  bitcoin mining zcash many commentators have speculated about the potential of btc as a global currency and its suitability for international trade as well as use by regular consumers all around the world. so it is not entirely outrageous to make a comparison with the us dollar. so even if this is a risky investment, the risk-reward ratio is still very attractive indeed.  scarcity and declining inflation : bitcoin is a scarce asset, because there is a hard cap on the maximum number of coins which can ever be created. for this reason it is often compared to gold, which also gains much of its value from its scarcity. because some coins will always be lost due to people forgetting passwords, failing to pass on wallets in their will, or abandoning almost empty wallets, the currency will become deflationary at that point  meaning its value will tend to rise against commodities and other currencies if everything else remains equal. investment squared : just owning a few coins is often seen as an investment, but of course bitcoin is money and you can invest money. instant access : you dont need to tie up your money in long term plans in order to make a profit. 
 
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