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Bitcoin - The Currency of the Internet
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.
/BlockChain is has gone private due to an extreme influx of ICO scams, snake-oil shills and plagiarized crypto-news blog spam. There is no application process and new members are not being added. Contacting the mod team will not result in an invitation.
BSoV: The first mine-able, deflationary, open sourced, decentralized cryptocurrency Hedge to act as a Store of Value against the monetary inflation of fiat currency. BSoV is mined using a simple Keccak256 (Sha3) algorithm. There is No ICO, No Pre-mine, and No Governance. This allows for BSoV to be completely decentralized and fairly distributed. With each transfer of BSoV tokens, 1% of the total transaction is burned forever.
How Do You calculate the "True value" of 1 bitcoin without stock fundamentals like profit, debt, revenue etc?
Many of you view bitcoin as an "investment" Coming from the stock world how the hell do you calculate this shit? How is this not one Massive "greater fool" scenario How much should bitcoin rise if they add 10 000 terminals worldwide? 5%? 10%? I Can't make sense of this crap
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10-13 18:34 - 'A few thoughts on the store of value vs. currency topic' (self.Bitcoin) by /u/6156out removed from /r/Bitcoin within 1-11min
''' A lot of people seem keen on putting Bitcoin and cryptocurrency in general into nice, square, uniform little boxes, like they do with other things in life. In this case, definitively labeling it as either a store of value (investment asset) or as a currency, period. But the world has never seen a financial concept and instrument like this before. The mathematics and cryptography which form the underpinnings of Bitcoin aren't just robust, they are also elegant. This innovative system bends the previously thought-of rules of what we knew about the financial reality of the world. So let's just stop trying to say it's this or that, and start thinking of Bitcoin for what it is: something that is unique and never seen before, therefore the rules do not necessarily apply to it. Many Bitcoiners seem to be in the position that other Bitcoiners need to spend more Bitcoins as part of their daily transactional life: spending them online for househould stuff on Overstock, spending them to buy travel (flights, hotels, etc), and using them in the local economy at the few small businesses that do accept Bitcoin. That's all fine and dandy, but the onus should also be on those businesses to spur along Bitcoin growth and awareness. I own a private events bartending business (think weddings, private parties, etc). I give my clients an option to pay with Bitcoin or Litecoin. In return, they receive 5% off the price of service. It doesn't have to be a large number, but some sort of financial incentive to pay in crypto should be a thought crossing a lot of business owners's minds. People do what they are familiar with doing. Why pay in Bitcoin, if I can just pay with a card like I've been doing since I became an adult? But now if you give me a discount where I'm saving money, I'm much more inclined to pay that way. And let's be real here, even at a 5% hit, you're still making plenty of money just by accepting Bitcoin and holding it for longer than a day or 2. My point is, just because a business accepts Bitcoin, doesn't mean they are doing all they can to promote it. Bitcoiners themselves need to look in the mirror if they are concerned about Bitcoin not being looked at seriously as a currency. Bitcoin can certainly be used as both a store of value and a currency. You don't have to pick one anymore -- this is the value of the Bitcoin technology. ''' A few thoughts on the store of value vs. currency topic Go1dfish undelete link unreddit undelete link Author: 6156out
05-26 19:22 - 'How does it feel having to wake up just to find out that the value of your Bitcoins dropped almost by 1/3 while you were taking a nap?' (self.Bitcoin) by /u/bur1x removed from /r/Bitcoin within 0-5min
What is the bitcoin bank that maintains the dollar value of stored bitcoin for 1% fee?
It was posted on reddit a while back and I cant find it on reddit or google. How it works is they automatically increase and decrease the amount of bitcoin you have such that the dollar value of the bitcoin you have stays exactly the same. Every time reddit commenters think websites and stores having prices updating real time wont make up for bitcoins volatility and the volatility will cause bitcoin to fail, this is the website to reply with. If they complain about the 1% fee remind them its less than the 2-3% the dollar loses value by yearly. Would help a lot to actually have the URL to this website.
Pi Network is being popular since its release. In future, Pi Coin will be like Bitcoin. Cryptocurrency experts predicts the value of Pi coin to be 0.4$ to 1$ after March 21, 2021. It could reach 100$ till 2024. Its time to mine Pi coin like Bitcoin.
In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin. Feb 2011 – April 2011 $1.00 Bitcoin takes parity with US dollar. 8 July 2011 $31.00 top of first "bubble", followed by the first price drop Dec 2011 $2.00 minimum after few months Dec 2012 $13.00 slowly rising for a year 11 April 2013 $266 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 is currently worth $ as of the time you loaded this page. How Much was 1 Bitcoin Worth in 2009? Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence! How Much was 1 Bitcoin Worth in 2010? Bitcoin's price never topped $1 in ... 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. Bitcoin (BTC) prices - Nasdaq offers cryptocurrency prices & market activity data for US and global markets.
Blagovest Belev explains how the price of bitcoins is determined. Blagovest Belev graduated from the American University in Bulgaria in 2009 and is currently a Managing Partner of Tavex Gold ... What is the Bitcoin price and value... we all want to know what the latest Bitcoin price is. Watch this video and see the Bitcoin price progress over the years since the inception of Bitcoin. Look for the price of lotto ticket you can hold bitcoins for 10 years and become a millionaire it's time you stop living in fear. If it goes to zero you lose... 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. bitcoin is finally breakout from the long lasting down trend channel. Could this be a new begging in bitcoins price? I will address this question in this vid...