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Buy Bitcoin now, but be careful

 Buy Bitcoin now, but be careful


best bitcoin trading platform



Introduction

Is Bitcoin investing just a case?

The concept of scarcity out of thin air


Introduction


Certainly, the past year has been one of the most volatile in stock market history. Investors fought their way through the widely-used S&P 500 and lost more than a third of its value in about a month. They have also enjoyed a lifetime rally, as the S&P 500 hit new highs less than five months after finding a bottom on March 23. all cryptocoins


If there's one number that stands out above anything else, it's that 10% of the roughly 3,700 shares with a market value of at least $ 300 million that ended the year 2020 up by at least 100%. This is a staggering number given the scale of the recession caused by the Coronavirus (COVID-19) pandemic. broker nasdaq


There is no doubt that stocks and identified assets have advanced on themselves in the nine months since the stock market tumbled. However, a single investment appears to be the riskiest of all. This investment, which I strongly believe should be avoided at all costs in 2021, is the cryptocurrency. coinbase paypal


Is Bitcoin investing just a case?


The world's largest digital symbol by market value reached an early morning high on January 3 at $ 34,000. For some context, Bitcoin has doubled since November 27, has appreciated 200% since mid-October, and gained 363% over the subsequent 12-month period. Bitcoin's implied market value of $ 628.2 billion now accounts for nearly 73% of the $ 866.3 billion value associated with more than 8,100 digital tokens. coinbase app


Why is Bitcoin rising? Search any number of social media platforms and you won't get a shortage of responses from enthusiasts. Bitcoin bulls often point out that its competitive advantage, community consensus, and game-changer to transform payment processing have made this really easy to predict. app coinbase


For me, I don't think Bitcoin is unique in any way, except that it is one of my favorite investment vehicles on cryptocurrency exchanges. In other words, if investors want to purchase a lesser-known token, they will usually have to exchange their fiat currency for bitcoin first before purchasing. This, my friends, is the only real tool Bitcoin has to offer. bitcoin price aud


The concept of scarcity out of thin air


Bitcoin bulls often point to the so-called fixed cap of 21 million tokens as evidence of their rarity. Simple economics tells us that if demand for a commodity exceeds supply, and supply is limited, then the price of that good must rise. Case closed, right?


Summary


You see, we're not talking about a limited supply soft commodity. The Bitcoin Ceiling is nothing more than a random number picked out from thin air. Physical gold is scarce because we cannot make more gold than can be found and mined on planet Earth. This is not the case with Bitcoin. Community consensus can increase the token limit. The chance of this happening may be small, but it is not 0%. coins coinbase


Bitcoin introduces a perception of scarcity, and this bug helped propel its valuation higher. how buy bitcoin


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