bitcoin tips

in #bitcoin7 years ago

When you have $500 dollar worth of bitcoin

And lets says the unit is 0.1 bitcoin

Even if it's going to take a million years, the difference still remains 0.1 btc , the only thin that changes is its market value, whenever price is up and you're tempted to spend, you would no longer be having 0.1 btc but a reduced fraction.

Put the same 0.1 btc into mining for the next couple of years , and it could turn into 1 or more btc.

Multiply the $1.15 by 1000 days

Multiply by 2000 days

And what you see as $1.15 against the unit of btc would not be the same $1.15 as bitcoin price goes up, the unit worth also increases

Bitcoin is bigger, and mining is its backbone.

You just need to understand, and this can only happen when you're going through the process.

Do not think about the short term benefits, someday you would understand why

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