Volatility Of Bitcoin Prices ,Day 7

Day 7

Chapter 1

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Volatility of Bitcoin Prices

When someone asks you what is the

worth of the bitcoin units that you own,

how can you readily answer the

question?

The fundamental value of any particular

currency is actually a function of the

consumer demand for that currency and

the consumers’ capability to use the

currency to trade it for valuable goods

and services. Because a lot of common

currencies are no longer linked to the

worth of an underlying product or

commodity such as gold and other

precious metals, a bitcoin unit will only

be valuable when there are people or

consumers who would want to own them

and use them for trade.

Next topic

TRANSACTIONS

How do Bitcoin Transactions

Work?