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home income ideas
home income ideas posté le 5/08/2018 22:32


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——> START MAKE BITCOIN NOW! <——

——> START MAKE BITCOIN NOW! <——

——> START MAKE BITCOIN NOW! <——


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related, there are no chargebacks – this is the part that is literally like cash – if you have the money or the asset, you can pay with it; if you don't, you can't. this is brand new. this has never existed in digital form before. this quote highlights where there is a disconnect between economists and bitcoin believers. there is no doubt that bitcoin has value, but bubbles can create value simply due to herd behavior, not due to any real intrinsic value. that is what defines a bubble. top 10 home business ideas bitcoin could have value simply because people are hoarding it, expecting it to be more valuable in the future. under normal circumstances one could figure out where the value is coming from by using mv=pq, but because there are no macroeconomic monetary data on bitcoin, we are simply left to speculate. because bitcoin has undergone such a rapid increase in value, one would have to conclude that v isn't keeping pace with q, or m in circulation is falling. both those would point to people not transacting with bitcoins, but holding them in expectation of future gain. that implies bitcoin is a speculative investment, not a frequently used currency. unless the velocity is real high, one would have to assume that bitcoin economy is relatively small given the attention it has been getting.


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