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Author Topic: The Market Value Of Virtual Currency  (Read 71 times)
sylvaC
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December 07, 2017, 10:27:41 AM
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However, many people have a doubt: investment bitcoin in the end is investing or drumming flowers? Although bitcoin is reputed as "digital gold," real gold, as a historical reserve currency, not only scarce but also industrial-use, is recognized by popular users, even if it is no longer in money but there are other uses Can be used as a commodity, however, what is virtual currency in the end? It can not see or touch, like the air, if one day we do not accept bitcoin, then it simply worthless?

On this question, there is a well-known virtual currency on the Internet, that is Ether. Ethereum, used by Ethereum, is an open-source public sector chain platform with smart contract capabilities, subject to the ability to automate payment transactions, second only to cryptocurrencies second-highest market capitalization, and the following The story of the protagonist has a huge relationship with the ether!

Four years ago, Jordan Travers, a 17-year-old Australian boy, bought a few dollars for $ 2000 (about 60,000 NT dollars) based on a novel and fun way. After buying these virtual currencies, he quickly Forget it, and after the community he turned into a fitness coach, daily life is very fulfilling, leaving him no time to continue to focus on those virtual currency.

Until recently he learned from the news by chance that the real increase in the value of the etheric ether is now about 50 U.S. dollars. He remembered the investment he had made and looked back after going home. Only then did he find he had 5190 Ethemes, which was 260,000 U.S. dollars (about NT $ 7 million), which represents a complete increase of over 500 yuan Times ah!

Jordan excitedly told his parents that his elders suggested he could sell 75% of the ether, but he thought the ether had room to appreciate and therefore refused to sell it. After 4 weeks, the ether was up another 600% and one reached 300 dollars. Jordan identify the opportunity to shot, and finally changed to 720,000 US dollars (about NT 21 million yuan). Now his virtual account also retains the value of 340,000 US dollars (about NT 10 million yuan) of the ether.

Occasionally turned into a multimillionaire, Jordan happy to unspeakable, but he had long been planning for the money. He is not ready to buy a house, but want to use in business, travel or school. The rest of the money he will invest in stable earnings stocks. Occasionally bought the etheric money soared, many people asked him the successful experience. Jordan said this is only once good luck once in a lifetime, he has tasted the sweetness, no longer invest in virtual currency. The risk of investing in virtual currency is too high, people without professional knowledge is best not to try.
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December 07, 2017, 11:55:08 PM
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Four years ago, Jordan Travers, a 17-year-old Australian boy, bought a few dollars for $ 2000 (about 60,000 NT dollars) based on a novel and fun way. After buying these virtual currencies, he quickly Forget it, and after the community he turned into a fitness coach, daily life is very fulfilling, leaving him no time to continue to focus on those virtual currency.

Until recently he learned from the news by chance that the real increase in the value of the etheric ether is now about 50 U.S. dollars. He remembered the investment he had made and looked back after going home. Only then did he find he had 5190 Ethemes, which was 260,000 U.S. dollars (about NT $ 7 million), which represents a complete increase of over 500 yuan Times ah!

Jordan excitedly told his parents that his elders suggested he could sell 75% of the ether, but he thought the ether had room to appreciate and therefore refused to sell it. After 4 weeks, the ether was up another 600% and one reached 300 dollars. Jordan identify the opportunity to shot, and finally changed to 720,000 US dollars (about NT 21 million yuan). Now his virtual account also retains the value of 340,000 US dollars (about NT 10 million yuan) of the ether.

Occasionally turned into a multimillionaire, Jordan happy to unspeakable, but he had long been planning for the money. He is not ready to buy a house, but want to use in business, travel or school. The rest of the money he will invest in stable earnings stocks. Occasionally bought the etheric money soared, many people asked him the successful experience. Jordan said this is only once good luck once in a lifetime, he has tasted the sweetness, no longer invest in virtual currency. The risk of investing in virtual currency is too high, people without professional knowledge is best not to try.

That's a nice story!

I hope stories like this one get more attention from the media. It doesn't seem accurate when bitcoin is portrayed solely as a place for criminals, terrorists and drug dealers to sell their wares.

This story could be evidence wealth isn't always earned through intelligence, hard work or bravery. Sometimes its an accident.

I still think the concept of intrinsic value is somewhat a myth. Air to breath, time, food to eat, shelter, transportation and similar necessities may be deemed as having intrinsic value. Items like gold however do not necessarily have to be categorized under that distinction and their value may be deemed as being subjective if historical. The same might be said of paper money.

The idea of there being a massive divide between bitcoin and other forms of electronic transaction may also be a myth. I don't see anyone criticizing credit cards or wire transfers for lacking "intrinsic value".

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