Here we see a pretty strong pattern. During the 12-24 months after launch and the subsequent halvings, money flows into the reduced flow of coins, and the price goes up due to this restricted supply. Then after a substantial price increase, momentum speculators get on board, and then other people chase it and cause a mania, which eventually pops and crashes. Bitcoin enters a bear market for a while and then eventually stabilizes around an equilibrium trading range, until the next halving cycle cuts new supply in half again. At that point, if reasonable demand still exists from current and new users, another bull run in price is likely, as incoming money from new buyers flows into a smaller flow of new coins.nicehash.com● Building blocks: How financial services can create trust in blockchain discusses some of the issues internal audit and other parties may have with a blockchain solution, and how you can start to overcome some of those concerns.
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[email protected] on January 19, 2038:In September 2012, the Bitcoin Foundation was launched to 'accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol'. The founders were Gavin Andresen, Jon Matonis, Patrick Murck, Charlie Shrem, and Peter Vessenes.
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