Bitcoin Forum

Hi,

I am studying Marketing, and one of my subject is Economy/Global economy.
I have a task to prepare presentation about topic that I choose.

I want to show my class presentation about BTCBTC.

Also i made kind of plan of presentation;

-what it is, some kind of history
-where is it used/how (something about wallets)
-mining
-adv and disadv of btc
-stocks-changes in price


So I have some questions, because I am not an expert of BTC...
Can you tell me something about changes in price of Btc ?
I know that demand influence price, but I also heard about mining, that it affect even more.

Also something about mining as I have never tried this and my knowledge about it is minimal.

Some links to articles or you knowledge would be highly appreciated :)

Start by watching these 3 videos:
1) What is Bitcoin (https://www.youtube.com/watch?v=Gc2en3nHxA4)
2) The Essence of How Bitcoin Works (Non-Technical) (https://www.youtube.com/watch?v=t5JGQXCTe3c)
3) How Bitcoin Works in 5 Minutes (Technical) (https://www.youtube.com/watch?v=l9jOJk30eQs)

---

Well, that's part of the basic 'law' of supply and demand. Miners are the ones that produce new coins (the current small % inflation). The media is also able to influence the price with negative news and articles that contain false information.

read also bitcoin paper
https://bitcoin.org/bitcoin.pdf
actually cited more than 1050 times!
You can find more about the philosophy behind the coin

Thanks guys.
I think I will made a basic presentation with basic concepts without details why they can not trace you etc.
Sotheoreticlly my presentation can make a good effect on btc price :D


Oh about price- So basicly its Demand/Supply ?  Do you also have something interesting about price change ? I think it is most important part for the global economy/macroeconomy subject :)

Nobody can really tell you at a given time why exactly the price is rising. The law of supply and demand is what dictates it, while other factors have an influence. For example, when the media is spreading negative news, the demand might be lower and thus the price adjusts. If you're looking for information as to why Bitcoin has a value at all, then that is a different topic.

u lack one thing here:
The foundation of Bitcoin's security is that it solves the Byzantine Generals Problem (or Two Generals Problem) in a practical way. The problem is the challenge of taking a safe decision while communicating with other parties over an insecure network.
It was unsolved for veeeeeeeeeeeeery long time.

The Byzantine Generals’ Problem is about centralisation the money transfers? I mean Bitcoin transactions are direct from one person to another- this is what you mean?