Bitcoin hardware

bitcoin mining hardware

Bitcoin: the world’s strongest currency ter 2015

Top Five strongest currencies te 2015

(Switch against US $ at 12 December 2015 against rates one year ago)

Bottom Five weakest currencies ter 2015

  1. Venezuelan Bolivar (Black market rate) -78%
  2. Ukrainian Hryvnia (UAH) -34%
  3. Brazilian Real (BRL) -33%
  4. South African Zoom (ZAR) -31%
  5. Colombian Peso (COP) -28%

The FX markets te 2015 have bot defined by the De-Risking phenomenon: investors have fled from risk into the main hard currencies, namely XBT(Bitcoin), USD, CHF and JPY. They have retreated from VEF, UAH, BRL, ZAR, COP, Touch.

XAU (Gold) weakened somewhat, a signal perhaps that it is losing its safe toevluchthaven status.

Bitcoin (XBT)

Note that the money used ter the world’s freest financial system — Bitcoin — has appreciated the most, and the money used te the world’s most Socialist and regulated economy — Venezuela — has lost the most value.

Bitcoin wasgoed also the world’s strongest currency ter 2010, 2011, 2012 and 2013. (But te 2014 it wasgoed the world’s worst performing currency.)

n.b. Table shows 37% appreciation (compared to 21% ter ‘Top Five strongest currencies’ table, because base used is 1 January 2015 price of $314 and not 12 December 2014 price of $355.)

Currency Gegevens from Economist for Ten December 2015.

Gegevens for Argentinian Black Market rates from @DolarBlue on Twitter.

Gegevens for Black market Venezuelan Bolivar from www.dolartoday.com.

I have graphed the finish results. Venezuelan black market bolivar excluded from graph. Significant currencies are te crimson. (G7 and BRICs and Gold.)

Best and worst performing assets te 2015

There’s an argument to be made that Bitcoin is the top performing asset te 2015. Since 1 January it has enhanced from $314 to $431, i.e. by 37%. The Economist identified Hungarian equities spil the best-performing asset of 2015, which enhanced by 34%.

Years of ultra-low rente rates mean that investors are antsy to alight on any welgevoeglijk source of comeback. The wise, or…www.economist.com

Big Mac Index

Leaving Bitcoin aside, here is a quick update on The Economist’s Big Mac Index spil it stands at December 2015 by my calculations. It wasgoed last updated by The Economist ter July 2015, with July 2015 results here:

Authoritative weekly newspaper focusing on international politics and business news and opinion.www.economist.com

The results from my own calculations performed on exchange rates spil at 12 December 2015 go after.

Most under-valued currencies (cheapest Big Macs) at December 2015

  1. Venezuela (black market rate 920 Bolivars/dollar) -97%
  2. Ukraine -70%
  3. Russia -68%
  4. South Africa -66%
  5. India -64%

A Big Mac bought te Venezuela with black market Bolivars costs the omschrijving of $0.14.

The situation ter Venezuela is crazy. There’s an interesting travel account here by The Broke Backpacker who describes his practices buying money on the black market. And more here.

Officially, backpacking te Venezuela should be unbelievably expensive. At the oft-cited rate of 6 bolivars to the…www.thebrokebackpacker.com

Most over-valued currencies (most expensive Big Macs) at December 2015

  1. Switzerland +37%
  2. Norway +11%
  3. Sweden +7%
  4. Denmark +6%
  5. US 0 %

By clapping more or less, you can signal to us which stories truly stand out.

Related movie: How to Reduce Bitcoin Transaction Fees on Leegloop using Blockchain.informatie



Leave a Reply

Your email address will not be published. Required fields are marked *

https://bachelorthesiswritingservice.com