๐Ÿ˜€๐Ÿ˜๐Ÿ˜๐Ÿ˜€ Hello Steemit !!! ๐Ÿ˜›๐Ÿค ๐Ÿ˜ธ๐Ÿ˜† Let's Talk Bitcoin!!! ๐Ÿค‘๐Ÿ˜Ž๐Ÿค‘๐Ÿ˜Ž๐Ÿค‘

in #cryptocurrency โ€ข 7 years ago (edited)

I will be gone for a couple of days, however,

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I am going to down to Raton to see my grandmother on the 8-9th thank you so much for working to keep steemit up and bitcoin stocks up and rising also the volumes and everything! I hope everyone had an amazing holiday! I have been working hard to introduce the original vehicles of the racing groups or teams and also I have reviewed tons of content on steemit their are so amazing posters and commentators out there I was sue to show my appreciation through upvoting and following these amazing authors, currents and posters keep it and if you want me to look and follow you content be sure to leave a reply down in the comment sections below this post and let me know what you think of this post or my content in general!!!

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It will take a good inflation and a huge bitcoin sale or sell out to get the prices up, as you know the more of something you have the less valuable it is and so it makes selling them to people who don't have much of it new collectors, sellers or buyers a little bit more expensive whether or not the seller has more in stock and whether the buyer is investing or collecting. Also you need to take into account how easy it is to get the raw materials in order to make the item or the resource to be refined that your investing, exploration and mining claims, prospecting, the cost to excavate or dig up, smelt and refine will in total determine the cost of how much the item or resource is such as gold. As I've said if there is more of the resource, plentiful in one spot, abundant, cheap and easy to refine through fractional distillation or an open hearth furnace that is also cheap and easy to refine, a time will come eventually when all the resources and materials are dug up or excavated and a new search, more mining claims and prospecting which will cost money to move and transport further and further away the cost will increase from when they were mined cheaply at say the old quarry in the home country from the other side of the world it would go up from 5$ to over 50$ to 100$ this can be said as oil reserves are depleted iron and copper mines more legal action to claim the land to mine cost more money for the lawyers.

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So what future does bitcoin have? The amount of power it takes to mine, operate and perform a current bitcoin mine is to much power that adds up to a power bill as I've state it would be easier to solar mine bitcoins or use other renewable energy sources to run and generate bitcoins and perform localized bitcoin mines. What about companies and stores taking to accept bitcoin and what does it mean for the elites to start taxing, regulating and getting in on huge bitcoins. Well as more and more of a singular entity consumes of a single product depending on how it's spent whether it's spent, saved, or invested and how long it last, so the best way we can explain this is as a battery as the rich accumulate more and more bitcoins as more options become available to spend bitcoins and eventually a payment option in bitcoins maybe in the future we can receive pay checks in the form of digital currency such as bitcoin however a more expansive market were multiple types of currencies are excepted including bitcoin say buying a car at 9.955 bitcoin in todays market it may be 26.75 in a few years or more, as the rich discharge their currency and they spend their money and people are getting paid in the currency and spending it creates an economy of produces and consumers, consumers selling or purchasing items with bitcoins and producers investing, buying and mining the bitcoins.๐Ÿค‘๐Ÿค‘๐Ÿค‘๐Ÿค‘๐Ÿค‘๐Ÿค‘

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In my total opinion bitcoin has massive potential however more people need to be open in buying, selling and purchasing items I believe that as we see an increase in the amount of options to receive bitcoins as payment in a normal workplace or job out in the real world even purchasing items with bitcoins in my honest opinion once the US economy and government embraces the currency as well as other nations as we've started to see then the market will expand and bitcoin will have more room as the more people get attracted with a crowd that comes to bitcoin a sort of new generation trend to use bitcoin in their daily life for ease of access and other benefits that bitcoin has so when all of the people start to pay and receive it expands the volume of the container (volume being the crowd or people being attracted to bitcoin) essentially allowing the gas, our gas being the bitcoin to expand and be shifted outwards to a broader array of people because as we know the more people or the more of a demand we have for a specific product or item the more we need of the actually, item or stock and that is where I believe bitcoin expands into a glorious thousand or even million dollar masterpiece!

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Bonus!

1 : What is big, black and roars like a demon? ๐Ÿฒ๐Ÿ‰๐Ÿฒ๐Ÿ‰๐Ÿฒ๐Ÿ‰๐Ÿฒ

A very beautiful muscle car! - ๐ŸŽฑ
- I
1 2 3 4 5

2 : Hairy and just not scary?
๐Ÿ˜Ž ๐Ÿ’ฅ

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