I view Bitcoin "mining" as that relief valve, but it is a somewhat static element and may not be sufficient to offload enough during a large enough inflow. If that were to happen with the nascent Bitcoin environment, the stigma that would be associated with such forms of currency could set them back quite a ways. This is where the math comes in. Bitcoin was founded in 2008 and there will ultimately be only 21 million Bitcoin ever mined. Today we are approaching the 80% mark, the remaining 20% will take years to mine, and the “mining” gets more difficult and slow as we go. Bitcoin’s price has been following a new uptrend line since it bottomed. This is the heavy right upsloping arrow on the chart below. Note how that line with the former downtrend line formed an X? If prices gravitate to that new uptrend line on the way out, then prices will be at or near the prior $20k high by about the end of this month. Bitcoin. A risky currency? Alleged $500,000 Bitcoin heist raises questions (ars technica) Bitcoin and the End of State-Controlled Money (The Biz of Life) Bitcoin Open Forum (FOFOA) BitCoin – How I Missed The Trade Of The Year (Run to Gold) I just got hacked – any help is welcome! (25,000 BTC stolen) (Bitcoin forums) Bitcoin "mining" is an incentive structure that has been instrumental in developing that exponential rise in participation. Just as with the automatic inflation regulation, mining is also a purely rational and self-regulating method.
[index]          
SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Nviddia GTX 1080 Ti - https://amzn.to/2Hiw5xp 6X GPU Mining Rig Case - https://bitcoinmerch.com/produc... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... The CoinCasso Trading platform is one of the fast growing exchanges Sign up today and get a $35 sign up bonus and no transaction fee when depositing https://... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as th...