A few useful facts about Bitcoin

1. The maximum number of coins that can be issued is limited to 21 million coins.
2. The release of Bitcoin coins is called mining process. Today, about 1900 coins are mined daily.
3. To date, analysts predict that the last coin will be produced in around 2033, explaining this by complication over the years of the mining process and reducing the number of coins produced in the block by 50% every 4 years.
4. In 2014, the forecast of Bitcoin mining analysts, said that the last coin will be produced by 2140 (such a mistake for 100 years), while another factor of the slowdown in production was a decrease in the amount of compensation which may simply decrease number of miners.
5. Since 2014, the price of Bitcoin has grown by about 7 times, therefore, the number of miners will only grow, not decrease. Everyone will, if possible, want to get as many coins as possible before they run out. This raises the question of the current forecast about the time of the last coin mining.
6. In daily use, Bitcoin uses about 10% of all existing coins to conduct transactions, and it can be concluded that Bitcoin is more attractive today as an investment tool than a payment one.
7. The high volatility of Bitcoin is due to the rather low volume of trading, compared to the currency or stock market. The maximum value of the Bitcoin trading volume for the whole period of its existence has reached $ 1.267 billion per day, and the average daily volume ranges from $ 300 to $ 600 million. So, it is not so difficult for a large player to move the Bitcoin price in the market.

Alexander Sivtsov