At this point, Bitcoin isn’t widely spent due to Gresham’s law, which states that bad money drives out good money. What this means is that, when presented with two kinds of currency, individuals will be inclined to spend the inferior one and to hoard the superior one. Users of Bitcoin prefer to spend fiat currencies, as they have little faith in their long-term survival. They hold (or We’re essentially witnessing Gresham’s Law in action. When people get their hands on bitcoin, they’re going to HODL! They’re going to bury that so deep, to ensure they have the good money saved for their children, for their future. And they’re going to trade the bad money for bitcoins. Nowadays, all money is bad money compared to Bitcoin. For the first time, Bitcoin is helping ... I recently read about Gresham's law, and it seemed kind of counterintuitive at first, but it makes sense. However does this mean that bitcoin will be driven out of circulation, if more people hold it because its commodity value is more than its 'face' value? Is this a good or bad thing? And would this be likely... Bitcoin and Gresham’s Law “Bad money drives out the good. ”-Sir Thomas Gresham (1519–1579), English financier during the Tudor dynasty. What bitcoin hodlers know — or think they know — is that bitcoin is “good money” while dollars are “bad.” That’s not necessarily because they just like bitcoin, or don’t like dollars, or just happen to be inveterate contrarians. It’s ... Gresham’s law en de Bitcoin? Vanuit de lens van Gresham’s wet is het zeer moeilijk om vast te stellen of de Bitcoin een te hoge of te lage waarde heeft. De waarde wordt bepaald door een vrije marktwerking binnen op dit moment een kleine sentimentele kapitaalmarkt. In turn, bitcoin price would likely rise as well since its supply is hard-capped at 21 million. According to Gresham’s Law, bad money would drive out good money, which in this case would be bitcoin that people would be incentivized to hold as a store value against a constantly depreciating currency like the US dollar. Yang Accepts Bitcoin
[index]          
The latest bitcoin news and more! The data suggests a new bitcoin trend (2020) related to the relationship between bitcoin price and people's likelihood of spending their BTC. ChainLink's LINK ... AcCriptovalute LIBERTA' FINANZIARIA ----- SE VOLETE SOSTENERE IL CANALE USATE I SEGUENTI INDIRIZZI, GRAZIE ! BTC bc1qe3re3t3lqvvq62vaxax4ge9de38ry2j2q2a8ua ETH ... New crypto law passed! Hidden truth about Bitcoin's Halving BTC Mining Profits could 5x based on this idea 4000% gains are coming when this happens for Bitcoin. Stocks are green and Bitcoin pumped ... - Long-Dormant Bitcoin Whales Resuming Activity Could Rock Price Action, Analysts Say - Institutional investors are just as prone to FOMO as retail, says Circle Trade exec Will CryptoCurrency be Banned in India ? Government Bitcoin Ban Law The government has been holding consultations with law ministry, ministry of information and technology and the RBI for a ... Binance today was hacked for 7,000 Bitcoin, while markets are remaining resilient, what does this mean for you and your Bitcoin? Sources https://www.theblock... Bitcoin hat die 6000 USD Dollar geknackt - wie geht es weiter? #bitcoin #jahreshoch #preisanstieg Der Bitcoin Preis hat die 6000-er Marke geknackt. Obschon e... Binance CEO makes bold claim about rolling back Bitcoin to save the 7,000 Bitcoin hacked from the exchange. This video explores the reality of this propositi... Molly from Cointelegraph and I discuss some of the latest news in Bitcoin and crypto, including Binance and Coinbase. Subscribe to Cointelegraph: https://goo.gl/JhmfdU Free Cryptocurrency Course ... SafePal is a Binance invested portfolio company that is building a cheaper, safer and versatile hardware wallet. Veronica shares how her brother introduced her to cryptocurrencies, her journey ...