Good day guys
Hope you are all well.
Another day, and another downward trend of bitcoin. The last few days it was going up slowly and stalling and moving - and now it is going down again.
We dont know where it will stop, but some say $5000 then it will start going up again, but the last couple of weeks it has been sitting between $6000 and $6500 and today it is down to near $6100. As i have said before, I dont think anyone really knows what it is going to do. One thing is for sure, it Bitcoin drops, the rest of the crypto currencies tend to follow it down!!
The upside to a low price is if you buy Bitcoin now, or just a few satoshis, for a couple of hundred rands, you actually get a bigger share of the coin then if the coin is valued at $10000. I know that people think this is silly but think about it, each bitcoin has 100 000 000 fractions or satoshis, and you can buy these fractions for as little as R100. Each satoshi at the moment is worth about $0.000006181, so for R100 you can get 0.001222, but, at $10 000, you will probably get 0.000122, or less. My math is not very good, but you can get the idea.
So, now, if you are mining with a reputable company, and you get paid out a small share each and every night, your holding grows, the same logic applies here, low price, pore in the pay out. When the BTC price goes up, your holding increases, for example, I have alittle bit of mined coin, 0.01045, which currently is valued at $64.68, but just a slight increase in the price of bitcoin the value goes back up towards $100.. Same amount of coin, different value.
It makes lots of sense to mine and collect bitcoin, the future is bright, the price of bitcoin is going to go up, my holding will grow and the value will increase.
Join me, you wont be sorry.
Drop a note in the contact area of this site and lets get chatting
Have a great day further
Cirram
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