Volatility Of Bitcoin Prices ,Day 7

in #bitcoin7 years ago

Day 7

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Chapter 1

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Volatility of Bitcoin Prices

When someone asks you what is the

worth of the bitcoin units that you own,

how can you readily answer the

question?
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The fundamental value of any particular

currency is actually a function of the

consumer demand for that currency and

the consumers’ capability to use the

currency to trade it for valuable goods

and services. Because a lot of common

currencies are no longer linked to the

worth of an underlying product or

commodity such as gold and other

precious metals, a bitcoin unit will only

be valuable when there are people or

consumers who would want to own them

and use them for trade.
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Next topic

TRANSACTIONS

How do Bitcoin Transactions

Work?

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