Why the value of the bitcoin is escalating very quicly.
why the value of bitcoin is rising and why you would want to get one, visit coinmarketcap.com to find them!
First let's start off with what a bitcoin is, a bitcoin is a type I'd digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of the funds to a operating independently of a central bank
What is the metcalfe law?
The met calf law is in charge of putting market capitalization ( or unit price *volume ) is relative to the number of transactions^.
Metcalfe law is a utility of a network of = # of users = explanation growth. Let's take the company apple as an example one highlighted that if the device is increasing in value it is not by the inherit ( value of the iPhone itself) but by the network valuable of all these applications that are constantly being added, this suggest that the value increases because of more and more users become available and more applications ( iPhones and other items ) become availible.
So back to what I was saying about bitcoin it would be smart to invest to a couple of grand in bitcoin and in a couple of months the bitcoin u bought for let's say $3,000 it could be worth 3 time more and could keep on investing and make profits. The only reason that bitcoin keeps on increasing in $$$$ is because as soon as the quantity of bitcoin becomes under a thousand my guess is that the value of bitcoin will be close to or over $10,000, currently there are 16,386,037 bitcoins are out of 21,000,000 in the world on 6/11/17
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Interesting
I will follow you to see your future posts!
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