litecoin vs ethereum

Nevertheless, Bitcoin is a volatile asset and for holders of the cryptocurrency, it hasn’t all been plain sailing. From September 14 2017 to December 15 2017, the value went from $3,226 to $19,343 8212; a 500% increase in 3 months. However, less than 2 months later, the price dropped to under $7,000 to almost a third of what it was. Now, all Bitcoin mining is done using an ASIC Bitcoin miner as it is no longer profitable to mine with a CPU, GPU or FPGA. To build on this point, Bitcoin is often viewed as an inflationary hedge to what's been a free-wheeling Federal Reserve. Since Great Recession, the U.S. central bank's balance sheet has grown immensely, as has the U.S. money supply. The thinking here is that as inflation ticks higher and the true value of U.S. dollars declines, people will flock crypto casino arcade to Bitcoin, which has an aforementioned fixed supply of 21 million tokens.