Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents
http://www.telegraph.co.uk/news/2017/06 ... t-bitcoin/
If you ask me which one is likelier to be up 1,000% three years from now, the answer is bitcoin. It’s still just a $45 billion-dollar market cap.
Gold has stood the test of time and a medium of storing value. For that reason, it deserves a place in your portfolio.
Bitcoin’s time on the other hand, is just beginning. Blockchain is the future, and when you have an opportunity to buy the future and tuck it away, you should take it.
From the start, miners have been using graphics processing units (GPUs) to mine for bitcoins. This specialized computer hardware was originally invented to enable rich, immersive 3-D gaming environments.
The market capitalisation of these crypto or digital currencies is down to about US$85bil from over US$100bil in mid-June, though significantly higher than the US$20bil at the beginning of the year.
The potential split of bitcoin into two by month-end is also a factor in the slide.
Those for bitcoin want to adopt two competing software updates, which is an unprecedented event that would send further shock waves through the market.
That explains why some reports are saying it could be a “black Tuesday on Aug 1”, even though those involved believe things will be sorted out before that.
SegWit2x is the name of one solution. Right now, it has gained the upper hand. (Bitcoin Improvement Proposal 148, or BIP 148, is the name of the other solution.)
As of now, more than 80% of the “miners” (the folks who provide the hardware that bitcoin runs on) have signaled their support for the SegWit2x code.
If all goes well, this code change will lock in on August 1.
Once that happens, bitcoin will be able to handle 12–28 transactions per second… up from its current three to seven transactions per second. That’s a four-fold increase.
Users browsing this forum: No registered users and 2 guests