| In this track, you will understand bitcoin by learning from vba code on how to understand bitcoin.
Bitcoin is an ingenious invention that started the cryptocurrency boom. Crypto-currencies as of this writing are work over a trillion dollars. That's a lot of moolah. There is risk in buying crypto's and there's risk in not buying them. Bitcoin was the first crypto. The bit is short for Binary digit. It's the way computers work with the values of 0 or 1. A bitcoin on June 6, 2021, is worth around $35,000. Who knows what it will be 10 years from now? A million dollars or $5000, or some other value. It has worth because other people will pay this much for one coin. Originally bitcoin was supposed to allow us to anonymously transfer money from one person to another. But lately, it's been more akin to a store of value like gold. Some say digital-gold. Only time will tell. There's a famous story about a person who spent 10,000 bitcoins (usually written BTC) to buy 2 pizzas. Each year a certain number of new coins will come into circulation. These coins are rewards for people who "mine" them. Currently, the reward to mine bitcoins is 6.25 BTC (6.25*35,000= $217,850) which is nice amount for 10 minutes of work. The value of a bitcoin is based on supply and demand. Fortunately, if you own bitcoin, there is a limited supply of around 21,000,000 coins. Bitcoin had its start in a paper from someone named Satoshi Nagamoto. The best site where I learned about bitcoin wase LearMeABitcoin.com. I will use Excel and vba to help you understand how the game works. |