BLOCKCHAIN-MARKET

 Bitcoin Demand Vs Supply When rumors surfaced of a possible glitch in the blockchain system supporting Bitcoin, buying interest in the mega crypto briefly waned. In all markets, any seed of doubt, especially in a still nascent, somewhat hard-to-understand asset, will send some investors to the sidelines. This is what happened for about a week in the Bitcoin markets, and prices pulled back. But when instability hit trading platforms in the wake of the Reddit-inspired investing frenzy in heavily shorted securities, resurgent demand for Bitcoin popped prices back up towards their all-time highs, largely because Bitcoin supply did not increase rapidly enough to meet demand.   The “double-spend” Bitcoin rumors were unequivocally proven false, stemming from a naturally occurring but extremely rare bifurcation in the resolution system for blockchain transactions that basically self-corrects as blockchain activities progress.  Market prices decline when there is a lack of demand...

  Bitcoin could go back down to $100. I don’t think it will. But if Bitcoin does do something crazy in terms of price then so be it. I feel like Bitcoin is a radical shift in thinking that is infecting the planet faster than any pandemic. Bitcoin isn’t an investment. Bitcoin isn’t a get-rich-quick scheme. Bitcoin is a different way of thinking. If Bitcoin does keep accelerating in adoption then the foundation of society is going to change. Society is built on centralization. Society is set up by governments. Society is made up of races limited by borders. Bitcoin doesn’t have borders. There is no Bitcoin office. You can’t complain to Bitcoin. You can’t be shut down by the billionaire owner of Bitcoin. The creator of Bitcoin is a mystery — it could be Wonder Woman for all we know. You’re free to look into Bitcoin or not. You’re free to buy Bitcoin. You’re free to transact in Bitcoin. People get easily caught in the hype cycle of Bitcoin, or the anger in the fact they d...