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Bitcoin-A New Era’s Cryptocurrency
Bitcoin A New Era’s Cryptocurrency-The world has already been provided with the coolest innovations of decades and even centuries. Some of them have created a revolution and havoc around. Bitcoin is one of them. It has revolutionized the way people used to do business and spread it. Now it is totally different from archaic ways of doing that.
What Bitcoin has done to the world:
Well, if we take a look at what innovation of bitcoin has done to the world we come to see its never ending benefits to people and some major business organizations of the world. after the bitcoins were introduced one does not need to put their money in banks. Rather they can use bitcoin as it is the decentralized form of money and can be used to exchange goods and doing business.
It means that storing and exchanging money is not limited to cash only. People now can directly convert money into bitcoin and store it like that. No third party or banks are required for that any more. People also invest in bitcoins and then convert their wealth into it . they buy houses, do business investments and much more and benefit from it with a huge margin.
Investing online to bitcoins:
As a new business trend is already here. The smartest way in today’s world to become rich in less time. Doing business has been modernized and one can even find many websites which now offer their customers to invest in them and return it by many folds. They are considered the safest platform for investing from anywhere. Just invest your money and get back much more. The smartest way in today’s world to become rich in less time. We are also talking about one of such website that has taken the world by storm already . many people are already earning from it any becoming millionaires.
The Bitcoin Storm:
The bitcoin storm official is also a website where you can buy, sell and manage bitcoin and other cryptocurrencies in one place. It is a new money-making system and an exclusive group reserved for new bitcoin Millionaires. One can enjoy 10$ newbie bonus to trade anywhere in the world as it is the safest platform for people.
Those who join the website gain an access to secret automated trading software. It produces results with a rate of 99.4% accuracy. The websites says : “bitcoin is making people rich and you can be the next Millionaire.” This shows that anyone can from anywhere become a Millionaire simply by investing to the website.
Law of demand of bitcoin:
Law of demand of bitcoin is the most important factor that implies to bitcoin investment and valuation. We will see what it says:
“Demand is defined as the desire for a commodity, backed by the ability to buy, and willingness to pay for it, at a given price, during a particular period of time.”
(Dr. Alfred Marshall)
“The supply of a commodity may be defined as the amount of the commodity which the sellers able a willing to offer for sale at particular price during certain period of time.”
(Dr. Alfred Marshall)
Both of the above saying are globally famous and widely accepted facts for the bitcoin demand and supply. The entire global economy is based on the above two phenomenon. From the smallest to largest industry, everyone has to follow the phenomenon and there is no escape from that.
The Globally accepted “law of demand” by Alfred Marshall states:
“ The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.”
Therefore, it implies that demand will rise if the prices fall, but the supply increases when the prices rise. As the demand of something increases, prices tend to increase simultaneously as well as their supply. Also contrary to it, when the demand becomes less, it lessens the prices and so does the supply.
Additional important factors:
Well , not entirely these two, but there are some other important factors that may directly or indirectly affect the valuation and trade of bitcoin. Sometime as the prices of a certain item or commodity decreases, people see it as an opportunity to make crypto profits. Likewise, if the prices of certain resources go up, the suppliers will eventually reduce their supply.
Just like that political impositions , global pandemics and sanctions impositions are the major facts that affect the valuation of bitcoin and defies the law of demand in one way or the other. So these are also the factors which independently affect the demand and supply.
Kenneth is a proud native of sydney, born and raised there. However, he pursued his education abroad and studied in Australia. Kenneth has worked as a journalist for almost a decade, making valuable contributions to prominent publications such as Yahoo News and The Verge. Currently, he serves as a journalist for The Hear Up, where he focuses on covering climate and science news. You can reach Kenneth at [email protected].
