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<blockquote data-quote="cheryl" data-source="post: 4749421" data-attributes="member: 1"><p><a href="https://www.nasdaq.com/articles/have-i-already-missed-my-time-to-buy-bitcoin-2021-01-18" target="_blank"><strong>Have I Already Missed My Time To Buy Bitcoin? - NASDAQ</strong></a></p><p></p><p>It's easy to see the <a href="https://www.nasdaq.com/market-activity/cryptocurrency/btc" target="_blank">bitcoin price</a> go up and feel like you’ve missed the boat. However, many individuals and institutions believe that Bitcoin is just now starting to heat up. So what is driving the price of bitcoin so high, and how could it continue to rise beyond these levels? The best place to start is by understanding the backbone of Bitcoin economics: supply and demand.</p><p></p><p><strong>Supply And Demand</strong></p><p></p><p>The problem with projecting future prices stems from the difficulty in predicting supply and demand. Bitcoin is unique in that its supply is on a known schedule; it is embedded in software code that cannot be changed by any person or organization. This code states that the new supply of bitcoin is cut in half every four years. The first mining subsidy halving occurred in 2012 when the new supply was cut in half to 25 coins released approximately every 10 minutes. In 2016, it was cut in half again, down to 12.5 new coins created every 10 minutes. In May 2020, the most recent Halving occurred, meaning there are now only 6.25 new coins created every 10 minutes. In short, the new incoming supply of Bitcoin becomes increasingly scarce as time goes on.</p><p></p><p>[ATTACH=full]325486[/ATTACH]</p></blockquote><p></p>
[QUOTE="cheryl, post: 4749421, member: 1"] [URL='https://www.nasdaq.com/articles/have-i-already-missed-my-time-to-buy-bitcoin-2021-01-18'][B]Have I Already Missed My Time To Buy Bitcoin? - NASDAQ[/B][/URL] It's easy to see the [URL='https://www.nasdaq.com/market-activity/cryptocurrency/btc']bitcoin price[/URL] go up and feel like you’ve missed the boat. However, many individuals and institutions believe that Bitcoin is just now starting to heat up. So what is driving the price of bitcoin so high, and how could it continue to rise beyond these levels? The best place to start is by understanding the backbone of Bitcoin economics: supply and demand. [B]Supply And Demand[/B] The problem with projecting future prices stems from the difficulty in predicting supply and demand. Bitcoin is unique in that its supply is on a known schedule; it is embedded in software code that cannot be changed by any person or organization. This code states that the new supply of bitcoin is cut in half every four years. The first mining subsidy halving occurred in 2012 when the new supply was cut in half to 25 coins released approximately every 10 minutes. In 2016, it was cut in half again, down to 12.5 new coins created every 10 minutes. In May 2020, the most recent Halving occurred, meaning there are now only 6.25 new coins created every 10 minutes. In short, the new incoming supply of Bitcoin becomes increasingly scarce as time goes on. [ATTACH type="full"]325486[/ATTACH] [/QUOTE]
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