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Good News: Price Increased by 24%!

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Written by   140
2 years ago

Good Day Everyone. Again its me @Great_Influence .

This is my second article for this day. Visit the First One: 😂

https://read.cash/@Great_Influence/read-cash-new-updates-beccd8ee

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On this one I'm happy because I noticed that:

The Price per Points Increased by 24%.

Yeah you've heard it right. A good news Indeed.

Before:

  • Price per points: $0.0025

Now:

  • Price per points: $0.0031

24% Increase? How?

0.0031 - 0.0025 = 0.0006

0.0006 / 0.0025 = 0.24

0.24 or 24%

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Factors Why points value Changes:

There are several factors that affects the value of points.

Credit: Investopedia

Bitcoin is a cryptocurrency developed in 2009 by Satoshi Nakamoto, the name given to the unknown creator (or creators) of this virtual currency. Transactions are recorded in a blockchain, which shows the transaction history for each unit and is used to prove ownership.

Buying a bitcoin is different than purchasing a stock or bond because bitcoin is not a corporation. Consequently, there are no corporate balance sheets or Form 10-Ks to review. And unlike investing in traditional currencies, bitcoin it is not issued by a central bank or backed by a government, therefore the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to bitcoin. Contrarily, bitcoin prices are influenced by the following factors:

  • The supply of bitcoin and market demand for it

  • The cost of producing a bitcoin through the mining process

  • The rewards issued to bitcoin miners for verifying transactions to the blockchain

  • The number of competing cryptocurrencies

  • The exchanges it trades on

  • Regulations governing its sale

  • Its internal governance

What do you think about this new update of points Influencers and Friends?

Thanks for Reading!

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Avatar for Great_Influence
Written by   140
2 years ago
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