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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.
05-26 23:24 - 'The value of one bitcoin is rather high for most people to buy it. However, it can be broken down into 100,000,000 units to have 0.00000001 bitcoins.' (i.redd.it) by /u/ksabastian09 removed from /r/Bitcoin within 27-37min
I propose the following milestone: BitGold Day = the day the value of one bitcoin equals the value of one ounce of gold.
This will be a hugely significant event in the history of Bitcoin and no doubt will get widespread coverage by the media. It will point out even more clearly Bitcoin's permanance, durability and acceptance.
Why do Bitcoin bros endlessly harp on about the US dollar value of one Bitcoin?
Haven't they ever heard of "pump and dump" schemes? The mere fact of the value increasing is in no way a sign of its health, long term viability, use beyond purchasing electronic trinkets/games/porn, and widespread adoption beyond some neckbeards and brogrammers, etc. You know, shit that actually matters. A small minority owns the majority of Bitcoins - is that fact constantly lost on them? Some of them defend it by saying those folks were the early adopters. Too bad nobody from the outside gives a fuck who they are as long as they have that imbalanced power. What is stopping such easy market manipulation from those owners? (Answer: nothing). I guess none of them want to admit they're the losers.
"Bitcoin's value largely come from a widespread assumption that certain promises will be kept forever. One of those promises is the block reward. If that is ever changed - no matter how slightly - then Bitcoin has a NPV of zero."
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?
08-31 07:47 - 'Power consumption is no problem at all and frankly one of BTCs huge value adds. Network capacity is also a non issue. We hiccuped once. Plus have you seen what's in the pipeline? / Value store is the primary function. Anythi...' by /u/n8dahwgg removed from /r/Bitcoin within 514-524min
''' Power consumption is no problem at all and frankly one of BTCs huge value adds. Network capacity is also a non issue. We hiccuped once. Plus have you seen what's in the pipeline? Value store is the primary function. Anything that detracts from this is a step backwards and other coins should tackle. ''' Context Link Go1dfish undelete link unreddit undelete link Author: n8dahwgg
08-31 07:48 - 'On December 15th 2017 ($20k) one Bitcoin was worth 85266 turkish lira. Now ($11.6k) one Bitcoin is worth 87401 turkish lira. Turkish lira lost a shitload of value. And dollar and euro could follow slowly. That's the strength o...' by /u/Sele81 removed from /r/Bitcoin within 518-528min
''' On December 15th 2017 ($20k) one Bitcoin was worth 85266 turkish lira. Now ($11.6k) one Bitcoin is worth 87401 turkish lira. Turkish lira lost a shitload of value. And dollar and euro could follow slowly. That's the strength of bitcoin. One bitcoin will be one bitcoin. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Sele81
The satoshi value of XRP today is at 1999. Its below 2000 sats for the first time in 2.5 years. Its USD price is 18.73 cents. XRP has fallen more than 50% relative to Bitcoin in the last one year. That's also how long this subreddit been up.
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. While the value of one bitcoin hit highs of around $1,000 and lows below $600 during December 2013, when the cryptocurrency began to go mainstream, it hovered around $1,000 early in the month.A ... Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. 31 October 2018 $6,300 On the 10 year anniversary of Bitcoin, price holds steady above $6,000 during a period of historically low volatility. 14 November 2018 $5,590 Market Wrap: Bitcoin Drops to $10.2K; Scaling Solution xDai Doubles in Value Locked Daniel Cawrey Sep 23, 2020 Bitcoin price dipped Wednesday while investors park crypto in Ethereum sidechain ... Bitcoin 'mining' as it is called, relies on a complicated cryptographic math problem that miners all compete to solve - the first one to do so is rewarded with a block of newly minted bitcoins and ...
On September 29, 2020 we are currently $89,194 away from ...
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