WHAT IS THE REAL VALUE OF BITCOIN?

https://www.youtube.com/watch?v=-p8V52_7cN0


WHAT IS THE REAL VALUE OF BITCOIN?

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More about me:
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Dividend Investing: https://www.youtube.com/watch?v=9-DQSmFvMts&list=PLlr3m26N_qh7TGHHnlwsC0p44CRf5NrTT

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #Bitcoin #Crypto
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Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank-controlled fiat money.1 There has been a lot of talk about how to price Bitcoin, and we set out here to explore what the cryptocurrency’s price might look like in the event it achieves further widespread adoption. First, however, it is useful to back up a step. Bitcoin and other digital currencies have been touted as alternatives to fiat money. But what gives any type of currency value?

Why Currencies Have Value
Currency is usable if it is a store of value, or, put differently, if it can reliably be counted on to maintain its relative value over time and without depreciating. In many societies throughout history, commodities or precious metals were used as methods of payment because they were seen as having a relatively stable value.


Rather than require individuals to carry around cumbersome quantities of cocoa beans, gold, or other early forms of currency, however, societies eventually turned to minted currency as an alternative. Still, the reason many examples of minted currency were usable was because they were reliable stores of value, having been made out of metals with long shelf lives and little risk of depreciation.2


In the modern age, minted currencies often take the form of paper money which does not have the same intrinsic value as coins made from precious metals. Perhaps even more likely, though, individuals utilize electronic currency and payment methods. Some types of currencies rely on the fact that they are “representative,” meaning that each coin or note can be directly exchanged for a specified amount of a commodity.

However, as countries left the gold standard in an effort to curb concerns about runs on federal gold supplies, many global currencies are now classified as fiat. Fiat currency is issued by a government and not backed by any commodity, but rather by the faith that individuals and governments have that parties will accept that currency.

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Bank Check Images Extend the Benefits of Electronic Transmission to Consumers

Bank check images have become a method for improving customer relations, decreasing procedural costs, and making each transaction secure. This change in settlement procedures was made possible when the Check 21 Act was passed in 2004. The federal law supplied institutions the ability to create an image at time of deposit, and then electronically send the captured images for clearing.

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Check Scanners Aid in Supplying Safer Handling Practices

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