Category: Bitcoin

Bitcoin, The New Gold, was Born in 1971

Money has a long history. According to Herodotus, Lydia’s civilization was the first to introduce the use of gold and silver coins. Ancient historians have said that Lydia was the first to mint stamped coins, especially during the reign of Giges, in the seventh century before the common era. History also indicates that Libyan money was used to buy supplies of food and household goods from stores.

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Historic lessons: biggest bears that have hug-trapped Bitcoin in the past

The future does not have to unfold exactly in the same way the past did. The future is a son of the past, not a twin brother. But, for most living beings, including humans, the past says a lot about the future. Events of the past and the patterns and tendencies of previous ages, show high probability of being repeated in the new years to come. Know your past if you want to seize your future.

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BTC mining brings losses: is it dangerous for all Crypto?

How much does it cost to mine one Bitcoin? This is the most important question for an investor interested in starting to mine Bitcoin. The answers is not one universal price. It depends on the country and the area where the mining facilities are built. Nevertheless, most research indicates the cost varies from around 4,000 USD to even $10,000 in some countries. Very few countries have been able to keep the price under $4,000 USD, like China did.

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