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How did bitcoin get so expensive.
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Bitcoin got so expensive because it got popular.
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What is it about cryptocurrencies that see their values soar and dive so rapidly? Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name satoshi nakamoto. Why do bitcoins have value? Moreover, how and when do you get to exchange your pegged sidechain coins for bitcoins? If you'd invested $100 on january 1, 2011, when one bitcoin was so, at least for now, it's not going away.
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Also, bitcoin mining is dominated by asic mining machines for several years already.
The eand expedient informing, the two highlights are given by the bitcoin web services. As bitcoin is an asset that is not backed by anything, it costs just what people are ready to pay for it. The more people who accepted that it could have market value but very little utility, the more expensive it if it still does not seem a sensible answer, there is a distinct possibility that bitcoin got expensive because the price is being manipulated. Is full don't think of bitcoin as a pump and dump get rich quick scheme. The less expensive option is to hold on to your investment for over a year. Why are bitcoins worth so much and how did bitcoin become so valuable? Mar 02, 2021 · are you surprised why so. Basically every 10 minutes someone gets paid 25 bitcoins for doing that work. Liz cheney did not back down from criticism of donald trump over the jan. To modify a quote from tim ferris, i am not a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. None of them should be considered as investment. Bitcoin fees are currently very expensive, but this will likely get better in a few months. One special thing about bitcoin is that you don't have to buy 1 bitcoin.
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