A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
how exactly does one invest and predict the future value of bitcoin?
I seem to find helpful information on what bitcoin is and what the surrounding terminology is (blockchains, satoshi, etc) but I don't know how people decide to buy or sell? I read that the value is so volatile because people are basically gambling on buying and selling, but the part I don't get is how do they make these decisions? I can understand purchasing shares in say a business because analysts do have tangible methods of predicting a business's performance and therefore the value of shares, but with bitcoin it's like nobody knows and we're just buying into the hype with no knowledge and being like "ye dude its simple just buy some btc and wait for the line to go up and u make stonks lol" can someone properly educate me on this?
Hey All, A lot of the times us Bitcoin enthusiasts are always questioned about where does Bitcoin gain its value from and why it should be worth what is now or what we expect it to be i.e. around hundreds of thousands. I have tried to touch on this, relating it to our current financial system which is doomed to collapse. Some of the other things I have discussed: 1. How Bitcoin Works? 2. Why Bitcoin is one of the most undervalued asset of our time? 3. How to trade Bitcoin? 4. The Blockchain concept and Halving Concept I would appreciate if you guys could give it a read here in my Blog and give me your feedback. Please do share it forward if you think it is worth it. Would be a great help! 😊 Cheers, Fahim
Bitcoin’s value theoretically only grows because it’s like a battery in some sense. You can buy bitcoin today with money you earned working, but you can have more faith the value of bitcoin will remain over a longer time horizon than the dollar. +3
Could Bitcoin in some way be intertwined with Omics open-source data generation? Not sure if this makes sense but I’m thinking of something that’d be the next step up to projects like Cure coin which rewards for protein folding, except in this case, a reward from using the Bitcoin network specially with the incentive of causing data to be generated across all Omics categories instead of just the proteome. In essence, what I’m pondering is a way to intertwine the Omics era with Bitcoin/distributed ledgers such that a dataset compiles in a more passive, fast and most importantly, accessible way. Cure/Fold/Banano coin all seem like great starts towards addressing this but they seem to have multi-fronted limitations towards mainstream traction. At the very least, maybe there’s a way to follow a similar dynamic that’s more cumulative and streamlined? Just seems like it’d be fitting that Bitcoin, a global currency, aids in the solving of arguably the most important global problem, aging, by catalyzing data generation and the automation/accuracy of its analysis.
It is seen as a pro that neither banks nor governments have control of Bitcoin. But that begs the question. If Bitcoin is a currency, what guarantees the value? It not gold, or the government, or a bank. So whats the answer?
What happens to online prices when the value of Bitcoin fluctuates?
I know this is a very stupid question but I am completely new to the field of cryptocurrencies and this has been holding me off from getting a few coins for myself. Let's say a service costs me 0.001 Bitcoin a year and the value of 1 BTC doubles/halves over night. Do these prices adjust immediately for the service? I mean in case they do not adjust I'd be paying twice as much for the same thing as before right? How does this really work? Again I am sorry for the noobish stupid question but this has been bogging me for a long time. Thanks
The video game, Escape from tarkov allows you to build a btc farm when you get enough graphics cards and other parts. The value of Bitcoin in game is roughly tied to the value of btc irl. You can trade for cash or items with other players. Really cool new game mechanic.
06-26 12:24 - 'Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero The investment guru who said #Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In...' (i.redd.it) by /u/Randy_hill removed from /r/Bitcoin within 23-33min
Investment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero
The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on June 19, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will go to zero.” “Those […]
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Bitcoin Price Today. Die-hard BTC supporters believe that bitcoin is the future; we are just scratching the surface. Considering the continuous rise of bitcoin in the market capitalization, it is one investment every investor needs to take advantage of it. The current market capitalization of bitcoin stands at an all-time high of $109 billion. Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto As more bitcoin were mined and more people started purchasing it, Bitcoin’s value skyrocketed. To put this into perspective, bitcoin traded at $1.00 in 2010; 7 years later towards the end of 2017, a single bitcoin cost nearly $20,000. That transaction alone perfectly shows the dramatic change in value that Bitcoin has experienced over the years. 2011 and Earlier. The very first major jump in Bitcoin price took place in July 2010. At this point, the value of Bitcoin went from about $0.0008 all the way up to $0.08, a truly dramatic increase in price.
Likewise a cryptocurrency like bitcoin cannot be have its value measured by the number of miners, the hashrate or even the number of active wallet addresses. The only way to value a cryptocurrency ... Bitcoin Price History in Dollars From 2012 to 2017 (Monthly) - Duration: 2:01. Paddingtonyt 1,883 views. 2:01. 100 Year History Of Silver Prices Proves Its Worth! - Duration: 13:23. BCH / USD Yesterday morning price bitcoin cash fell out of the wide blue range and no matter how buyers tried, it did not work out to consolidate above the resistance of 230.00 USD. Bitcoin has value because of the faith people place in it as well. The price of Bitcoin fluctuates much faster than most stocks that are traded on the New York Stock Exchange. This is a point of ... Based on this model, Lee expects the value of bitcoin to be $6,000 by the middle of 2018. FundStrat uses a different method to come up with its long-term price target. According to Lee it is ...