Why I’m shopping bitcoins

Bitcoins © Getty Images
Bitcoin has already had one bang and bust – it might be about to have another

If we were to tell we that bullion miners or oil producers were about to cut their prolongation in half, would that make we some-more or reduction bullish on bullion and oil? More bullish of course. That’s accurately what’s about to start to bitcoin, a digital currency.

<!–JavaScript Tag with organisation ID // Tag for network 1415: 365 – Moneyweek // Website: Moneyweek // Page: Home // Placement: Home-MPU 1-300 x 250 (4489830) // combined at: Jun 6, 2013 11:26:28 AM

<!–
if (window.adgroupid == undefined) {
window.adgroupid = Math.round(Math.random() * 1000);
}
document.write('’);
//–>

Currently, 25 bitcoins are combined each 10 minutes. On 11 July, this series will dump to 12.5. Then, 4 years after that, it will half again. Why is this happening? There are roughly 15.5 million bitcoins in existence and a halving routine means that a sum can never surpass 21 million, approaching to start roughly a century from



Read more ... source:

Advertise on the Bitcoin News

NO COMMENTS