If you had invested $10,000 in gold in July of 2010 your investment would be worth ~$9981 … In contrast, if you had invested $10,000 in Bitcoin, at the same time, your investment would have grown to over $200,000.
Bitcoin hit all-time highs this week. I saw a chart that caught my interest. Bitcoin's value seems closely correlated with the number of searches for it on Google.
DataIsBeautiful via Reddit
From a behavioral economics perspective, this makes sense. Google searches can be a good indicator of public sentiment, interest, demand, or public sentiment.
Bitcoin is a digital currency decentralized over a peer-to-peer network. The more people are willing to accept it as a medium of exchange, the more valuable it becomes.
It's decentralization provides it safety from censorship and government interference – meaning it has value as an international currency, and as a currency for black-market transactions.
However, the worth of a bitcoin clearly isn't just based on sentiment (on one hand, there are desires to avoid fiat currency vagaries, government interventions and scrutiny, while having a fair price discovery method, etc. … on the other hand, there are also the costs to mine a bitcoin, transaction fees, etc.).
Compared to a reserve currency – whose worth is primarily influenced by trade value and other macroeconomic factors – watching Bitcoin's volatility can be scary.
That being said, Bitcoin is in a relatively unique position, and as the internet grows and our world becomes more interconnected, it's entirely possible that Bitcoin will continue to legitimize.
It's a brave new world. For what it's worth, I remain a skeptic of the currency. Yet, I am bullish on the underlying Blockchain crypto-currency technology.
So, you’re new to this online business thing and all you hear about is CMS, blogging and websites. No wonder you might be confused, at the end of the day, what’s the difference and why should you bother?
cryptocoinstockexchange.com
So, you’re new to this online business thing and all you hear about is CMS, blogging and websites. No wonder you might be confused, at the end of the day, what’s the difference and why should you bother?