prathameshsawant0503
The-Biggest-Contribution-Of-Blockchain-To-Humanity
Anything we say is not to be used as financial advice. And with bitcoin crossing the $10k threshold earlier in the week, it is no wonder people think it is a bubble. It dropped below $1,000 in June of this year and has skyrocketed ever since. In less-than-6-months, bitcoin has increased in value by quite 1,000%. To many, it is a sure sign of a bubble. To others, it is a unique chance to form a fortune during a short period. When confirmed, the exchanges are put away inside the public blockchain across the entire organization.
But let us step back for a second. believe it in terms of economics. Once you check out a supply and demand graph, you see that as supply increases, demand decreases. And as supply decreases, demand increases. Demand is made through something called "scarcity." Scarcity means to be briefly supplied. Believe it like water during a drought. On the flip side, rain during the monsoon is in extreme excess. And other people want nothing to try to with more water. These are examples you see in the real world, but let us check out scarcity in terms of crypto. Even if all of these millionaires want an entire bitcoin, it is impossible. There are not enough bitcoins to travel around.
Read more at- cryptobusinessworld.com/Article/4737/crypto-business-worl...
Read quality crypto news at-
The-Biggest-Contribution-Of-Blockchain-To-Humanity
Anything we say is not to be used as financial advice. And with bitcoin crossing the $10k threshold earlier in the week, it is no wonder people think it is a bubble. It dropped below $1,000 in June of this year and has skyrocketed ever since. In less-than-6-months, bitcoin has increased in value by quite 1,000%. To many, it is a sure sign of a bubble. To others, it is a unique chance to form a fortune during a short period. When confirmed, the exchanges are put away inside the public blockchain across the entire organization.
But let us step back for a second. believe it in terms of economics. Once you check out a supply and demand graph, you see that as supply increases, demand decreases. And as supply decreases, demand increases. Demand is made through something called "scarcity." Scarcity means to be briefly supplied. Believe it like water during a drought. On the flip side, rain during the monsoon is in extreme excess. And other people want nothing to try to with more water. These are examples you see in the real world, but let us check out scarcity in terms of crypto. Even if all of these millionaires want an entire bitcoin, it is impossible. There are not enough bitcoins to travel around.
Read more at- cryptobusinessworld.com/Article/4737/crypto-business-worl...
Read quality crypto news at-