This 1 Tech Metric Shows Why Bitcoin Is Worth Buying And Holding Forever
Bitcoin (CRYPTO: BTC) is an asset most people have heard of but few really understand. Similarly, while it's easy to say you're going to buy something and hold it forever, without knowing a few key details to tie an investment's narrative together firmly in your mind, it's hard to have enough conviction to hold good investments through hard times.Therefore, even if you're not generally interested in Bitcoin's technical aspects, it's still quite useful to appreciate one particular metric. Here's what it is and why it's so important to the coin's supply dynamics.To produce Bitcoin, it needs to be mined. Mining the coin is essentially equivalent to getting a network of computers to find solutions for fancy math problems. The solutions are called hashes, and the pace of the solutions being produced is called the hashrate.Continue reading
Bitcoin (CRYPTO: BTC) is an asset most people have heard of but few really understand. Similarly, while it's easy to say you're going to buy something and hold it forever, without knowing a few key details to tie an investment's narrative together firmly in your mind, it's hard to have enough conviction to hold good investments through hard times.
Therefore, even if you're not generally interested in Bitcoin's technical aspects, it's still quite useful to appreciate one particular metric. Here's what it is and why it's so important to the coin's supply dynamics.
To produce Bitcoin, it needs to be mined. Mining the coin is essentially equivalent to getting a network of computers to find solutions for fancy math problems. The solutions are called hashes, and the pace of the solutions being produced is called the hashrate.
