WHAT IS THE VALUE OF BITCOIN?


WHAT IS THE VALUE OF BITCOIN? | Real Estate Investor turned Crypto Trader Carl Dy joins us in this 3 part Bitcoin episode as we talk about the basics of Bitcoin and its value and we push deeper later in the series into technical analysis for Crypto trading.

#StockSmarts #Bitcoin #CryptoTrading #WHAT IS THE VALUE

A Guide to the Economics of Bitcoin.
Bitcoin’s price has been on a wild ride since its inception. 2017 alone saw massive gains, starting the year at under $1,000 and, at its peak, breaking $19,000, according to industry site CoinDesk. Then we saw a deep fall in 2018 and stability in 2019. What drives its value and why does a significant market still invests heavily in it is a question non-believers often ponder. This piece tries to address this query and help us understand the value behind Bitcoin or any Cryptocurrency. We are looking at a time where the mode of payments are changing in a short span of time.

From e-wallets to payment applications, the ways one can trade have multiplied but for trading commodities, the number of innovations can be counted on fingertips. The value behind Bitcoin or any cryptocurrency is often less understood by the larger audience. This also comes from the fact that people don’t understand the value behind a FIAT currency. As the popularity around Bitcoin and other cryptocurrencies rises and there is a rise and fall in their pricing, many have this question: From where does Bitcoin get its value?

What Is an Intrinsic Value?
An intrinsic value of a commodity is a value that a product possesses in itself. It does not require an additional source to provide it with a value. Eg: Sweetness is an intrinsic value of sugar. Every commodity earns its value if there is a price that people would pay to obtain it. Today, we accept any fiat currency in exchange for goods or services as we understand that in turn, the fiat currency can be traded again to obtain other goods or services.

Well, certain currencies that are backed by precious metals like gold and silver have an intrinsic value. But, today most of the global currencies are Fiat Currencies. A commodity to be valuable hence needs to be exchangeable for a similar value. The commodity also must be able to

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Being a Forex trader allows you to work from nearly any place with an internet connection. Hotel rooms, cafes, and-thanks to the latest technological developments-even more, distant corners of the world. Forex traders are blessed with strong growth potential, and their lifestyles can undoubtedly offer a lot of enjoyment. But if you’ve ever taken this path, you know this gift does not come easily. The sooner you start, the faster you’ll get there. So why not start trading now?

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Factors One Should Consider Trading Maxican Peso in Forex Trading

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3 Reasons to Hire the Services of a Forex Broker

If you are looking for an excellent way of putting your money in a business, we suggest that you check out Forex trading. Making great return on your investment dollars is possible provided you have the skills and knowledge. In fact, the lack of these two things is the reason most people stay away from FX.

8 Mistakes To Avoid In Forex Trading

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