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Bitcoin Q&A: Who determines the value of bitcoin? [TIOM2-13]
Keywords/phrases: Who determines the value of bitcoins? Everyone, through market forces of supply and demand in international liquid markets that operate around-the-clock. A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. The volatility can be a roller coaster, yet if you look at the long-term trend, volume and transactions go up while volatility keeps dropping. For Argentinians and Brazilians, the price of bitcoin is not too volatile and you don't need to sell it to them, because they already understand the separation between state and money is a good idea. Volatility is relative.
ABOUT
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
Read more:
“Mastering Bitcoin” - https://www.bitcoinbook.info/
“The Internet of Money” - https://theinternetofmoney.info/
Originally published as a YouTube video: https://www.youtube.com/watch?v=DucvYCX1CVI&index=13&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p
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By Andreas M. Antonopoulos
4.6
1919 ratings
Keywords/phrases: Who determines the value of bitcoins? Everyone, through market forces of supply and demand in international liquid markets that operate around-the-clock. A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. The volatility can be a roller coaster, yet if you look at the long-term trend, volume and transactions go up while volatility keeps dropping. For Argentinians and Brazilians, the price of bitcoin is not too volatile and you don't need to sell it to them, because they already understand the separation between state and money is a good idea. Volatility is relative.
ABOUT
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the YouTube channel to learn more about Bitcoin & open blockchains! https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
Read more:
“Mastering Bitcoin” - https://www.bitcoinbook.info/
“The Internet of Money” - https://theinternetofmoney.info/
Originally published as a YouTube video: https://www.youtube.com/watch?v=DucvYCX1CVI&index=13&list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p