Bitcoin News

Story: Mish Is Against the Idea of Bitcoin Being a Peer-To-Peer Gold

By Maheen Hernandez

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Encouraging developments were seen over the past weeks concerning the Bitcoin price trend.   A rapid decline in price will typically be followed by a price stagnation…

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It has forever been difficult to determine the fair value of cryptocurrencies by due arbitrage because of the structural limits of the settlement platforms and the Bitcoin.

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The price dynamics for Bitcoin and several other cryptocurrencies depend upon investor sentiment.

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With institutional investors establishing their core strategic positions in cryptocurrency, this is definitely a bullish sign.

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Max Keiser stated, “Bitcoin is Peer-to-Peer Gold.”  He establishes the scarcity factor by stating that only a limited number of coins will be ever mined as a Bitcoin. 

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Mish responded to Keiser stating that nothing prevents the miners from minting more numbers of coins either.

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The Hard fork of Bitcoin has happened in a couple of situations.  At the time of the first fork, the investors were given equal amounts in Bitcoin cash.

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Ethereum which was created to correct the scaling flaw of Bitcoin as well forked, thereby creating double the number of ETH coins than originally promised.

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Mish states that cryptocurrency is a lot like fiat and can be created out of thin air.  He also stated that the market currently has more than 2500 cryptocurrencies and each…

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Different cryptocurrency companies serve the market in different ways.  For instance, Stellar helps unbanked customers; Litecoin works nearly four times faster than Bitcoin,…

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Several cryptocurrency companies are hoping that regulators will not catch up on them or any of their activities.  There are infinite numbers of look-alike for Bitcoin.

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Mish states that “Scarcity is a Mirage” and there is no real limit about the numbers of coins that Bitcoin can hold.

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