Ciaran Ryan is a Johannesburg-based freelance writer who has a background in finance and mining, having previously headed up a gold mining operation in Ghana. He currently writes for several SA and overseas journals on matters ranging from mining to investment.
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A bubble forms around a business sector of the economy. e.g. IT/technology, property, etc.
What is the sector that is being valued by Bitcoin?
AP
2 years ago
Almost every year there were statements that Bitcoin is a bubble, etc. But still it is up more than 200% from this year’s low outperforming all sectors. Since its existence (10 years?) it is still very alive, gaining strength and institutional buy-in. It has increased in price by more than 2,000% (over 10 years), which is fairly remarkable. So I agree that it is worth the risk and everyone should invest a small amount of money in Bitcoin just in case it does live up to its potential. Eventually the price will settle, but it seems that point is still far away.
TheSpark
2 years ago
What underlies Bitcoin that determines its value? What makes its value go up or down that you can look at and anticipate movements?
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A bubble forms around a business sector of the economy. e.g. IT/technology, property, etc.
What is the sector that is being valued by Bitcoin?
4
Almost every year there were statements that Bitcoin is a bubble, etc. But still it is up more than 200% from this year’s low outperforming all sectors. Since its existence (10 years?) it is still very alive, gaining strength and institutional buy-in. It has increased in price by more than 2,000% (over 10 years), which is fairly remarkable. So I agree that it is worth the risk and everyone should invest a small amount of money in Bitcoin just in case it does live up to its potential. Eventually the price will settle, but it seems that point is still far away.
3
What underlies Bitcoin that determines its value? What makes its value go up or down that you can look at and anticipate movements?
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