What Is Bitcoin Worth?

Bitcoin Interesting Reading From The Past Week

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Trying to work out the worth of Bitcoin, not an easy feat! Supply/Demand and Mining, plus everything in between. Placing value into something that is not tangible, not controlled, leaves many puzzled as to how far this can go.

Overall I found this an exceptional read, (even if the maths used is way above my head), it makes sense of the nonsensical. Well worthwhile reading a couple of times to get the full gist, no one knows where cryptomoney will go.

What’s the value of a cryptocurrency made of code with no country enforcing it, no central bank controlling it, and few places to spend it? Is it $2, $20,000, or $2 million? Can one try to grasp at rational analysis, or is this just the madness of crowds?

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The digital coin gained as much as 4 percent Friday, putting it on pace for its first back-to-back week of gains this year. The mini-rally is helping to ease the pain from the more than 50 percent loss in the first quarter that followed last year’s 1,400 percent surge.

The increase has bought the gains over the two-week period to almost 29 percent. Other crypto tokens rallied Friday, with Ripple jumping as much as 19 percent, Ethereum climbing 7.5 percent and Litecoin adding 4 percent.

Bitcoin has nudged up on a two week positive run, that is a good sign for those invested. This bounce back has helped restore some confidence in the market for those who have nervously waited in the wings to wait for movement.

Ethereum, Ripple and Litecoin have also gained over the past couple of weeks, pulling other smaller tokens and coins along with Bitcoin's growth. Predictions about the growth in April has been quite accurate.

Wealth diminishes with usage; learning increases with use. ~ Nigeria

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Crypto and Social Media, I personally use @kryptonia

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