Bitcoin Forum

Let's hear some Quick Takes on the inner workings of Bitcoin! cmon. Does Bitcoin really have what it takes to keep that Mojo up and running??? Long term?

Post your take in 3 sentences or less. Let's hear it. Keep it short & Sweet. And don't let back.

It seems to me about this a lot of texts have already been written and no less discussions have been created.My analysis is this: the overall trend of bitcoin is upward.
Everything else can be found out by examining the technical component of bitcoin in the context of a visual analysis of the economic component of the crypto market.

The economy has a big gap, governments try to control the money because they want their tax payment. that's why banks a govs works almost together... And that's a way to hold the bull from the balls, but then comes bitcoin offering a p2p transactions without the banks or the government's register... So, bitcoin is a decentralized currency who offers economical freedom to people again.

Is there a such thing as an annual report for Bitcoin?

Main thing on why its being mainly supported and been used by big community due for that reason.We've known that p2p anonymous transaction
is the most important thing and this feature alone can be presumed that this thing would last up for sometime.We should expect more of news towards
negativity as we forward on and just to say that even how many or how hard they do such thing, i highly believe that bitcoin would still stand firm.

Bitcoin has the strongest monetary properties of any asset on earth. Nothing comes close in terms of predictable supply scarcity. As long as the mining incentives continue to work over the long term, there's a good chance the price trend will sustain and Bitcoin will be widely adopted as money.


Not in the traditional sense, no. Naturally, Bitcoin is a lot more complex to analyze than a company's financial health.

You can keep an eye on network statistic over time: https://www.blockchain.com/en/stats

And you can keep up with development stuff here: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/

The strongest hold bitcoin has on fiat is the power and reason that it is still relevant now and in the future. Its uncontrollable stance is going to keep it flying for long and the digital space needs a suitable mode of financial transaction which is paramount with bitcoin.

Bitcoin is decentralized, meaning no owner or central body that controls it.

Bitcoin is safe because it cannot be hacked, tampered, or destroyed.

Bitcoin has limited supply unlike fiat.

Those three lines are enough to kill the traditional banking system. Believe me, we are already seeing it happening.

Bitcoin has the ability to change fiat, but not right now since it is still growing. Bitcoin could be the future because it managed to grow from something unknown to what it is now. Bitcoin has managed to overcome 10 years of hardship, and now that a lot of people are supporting it, Bitcoin could naturally continue to do more miraculous things with the help of its supporters.

Bitcoins is actually the property of the holder.
Bitcoins is both a currency and like a stock, increasing in value over time.
One can make profit even while the price is low through trading.
It's amazing when you have to send or receive money online to other countries.
...

Any real fundamental analysis starts with:  MV = PQ

Bitcoin provided me a strong foundation on my financial stability, even though I encountered some glitches of downturns that doesn't stop me trusting it's system and worthiness. Because of the huge potential that it has given to lot of users who've been relying their future to digital currency, it became the most in demand worldwide.

Here is  my take:

Bitcoin is a revolutionary idea, solving a key problem on the internet (how not to double spend digital money). But it has been clumsily executed with blocks being generated too slowly, leading to backlogs in the mempool and an inability to scale. It's good for a store of value, but not as a payment processor.

Bitcoin is the most powerful asset on the face of Earth. It has produced millionaires in the shortest time possible with least efforts and investment. Just look at Eric. He is the luckiest one. All the early birds enjoyed the pump of 2017 for sure. For me, bitcoin is the future of money and the way to improve financial health. It is also the pillar of crypto coins market, a must for altcoins survival.

It's an investment that we can keep waiting as long as adoption did not happening yet, it's wide range of uses and possible benefits in many different sectors like in business, financial services and as an investment can give hope to those who battling financially. If it's use right and with proper knowledge of holding or trading it.

Millionaires yes but I think the majority of people have little experience couples with high emotions and they lose money.

If I were to choose my words wisely I guess it will go like "What Fundamental Analysis?!?!?!?!". Bitcoin isn't like a stock of a company where it has financial data backing it, there are no annual reports where you can have financial indicators like net income, operating profit, dividends per share without it there is no fundamentals to talk about because simply what we have is Bitcoin's supply, traded volume, and it's price all of which falls under technical analysis. Don't believe the FA related articles you see towards Bitcoin because it's not really worth your time you are better off looking at chart analysis as it has a better bearing in the market.

Bitcoin isn't a company so it doesn't have financials. That doesn't mean it doesn't have fundamentals though. The fundamentals are just more opaque and harder to analyze. If Bitcoin had zero fundamentals, none of us would be here today as investors.

There are metrics to measure adoption and network health. Network and wallet statistics, hash rate, and then you have things like public surveys. I'd say the law and government activities fall under fundamentals as well. You know, like "China banned Bitcoin again!" Even sentiment analysis doesn't squarely fit within the parameters of TA.

Granted, when it comes to trading, I'm a pure TA guy. It's a lot more intuitive and easy to read.

In a world full of paper and dreams, all falling to a bottomless hole while holding hands, the hardest money wins.

Fundamental analysis / real facts :
- 1 bitcoin in 2010 = 1 bitcoin in 20xx and beyond
- Comparing bitcoin to other fiat may be essential now but it will not be necessary in the future once bitcoin will replace USD et al.
- Buy now or don't cry tomorrow.

You picked the wrong place to find any objective analysis of Bitcoin.  This forum is composed 99.9% entirely of dishonest, retard, pump and dump scammers shilling in at attempt at personal gain.  The simple fact is that it's not even possible to create a decentralized digital currency because transaction validators are always designed to centralize, so all you have is some semi-distributed, but not decentralized, Rube Goldberg machine with no actual fundamentals.

Then you have issues like Bitcoin being a currency and not even having the traits to qualify as money in the first place, and all currencies are Keynesian, confidence game scams based on artificial scarcity that start at a value of zero and always return there on a long enough timeline.  Things like physical metals - you know, actual money - resist entropy, because money is supposed to be a constant.  Bitcoin facilitates entropy, the exact opposite of what you want money to do.  Just like all currencies from Federal Reserve notes to Delta Airline miles and Chuck E Cheese tokens, Bitcoin is complete garbage compared to physical metals.

99.9% bitcoin shills and 0.1% FUD loving trolls. I prefer to be in that first group, but I'm not going to ask you about your preferences since we both know where you stand.


Fiat money is now based on debt and brainless printing to keep the status quo, so Bitcoin being independent is looking really strong.
I'm rather young, early 30s, and all the people at my age and younger are very open to the ideas of Bitcoin, while the older generation remains pessimistic, but the old generation is slowly dying...
You can see how the attitude towards Bitcoin is changing. It used to be called a ponzi scheme but as time goes by less and less people use this term, but still less than 5% people in developed countries had to do with BTC and less than 1% around the world. I'm sure we can reach 2-3% worldwide.

Based on the above, I'm pretty sure that the world will no longer use physical money and at least half of the banking will be in crypto. The only question is will it be centralized or decentralized crypto.

1) Financial freedom
2) No intermediaries
3) Increase in purchasing power

Another important factor is the fact that Bitcoin and in some cases other crypto's have provided the non elite for once the possibility to amass huge wealth that they otherwise can only dream about. These opportunities don't arise very often, usually only once or twice every hundred years. Most people however are sleeping on Bitcoin.  ::)

I had to look that term up but I can see what you mean.

Bitcoin is down 60% from its ATH and this historically has always been a great moment to buy. Never in history of Bitcoin was there a time where buying at 50% of ATH would be unprofitable. Even if you bought at 10k in 2018 you'd still profit when the price reached 14k this year.
The number of people interested in Bitcoin is growing every year and the only thing that puts negative pressure on the price is FUD. A great example of FUD is yahoo finance publishing Chinese president's speech from last year and claiming that it's his newest stance. I pity people who react to such news. 

Growth recession in the last 7 days. However, the long term trading pattern remains bullish. That doesn't mean it is materializing anytime soon.
People with unsound financial backgrounds should avoid investing in Bitcoin / cryptos for the time being, at least until things settle.

This wasn't a price analysis but small fundamental analysis of Bitcoin which is suffering mostly due to the Global recession. Mind you, it would also be the reason why the crypto sector would be bullish again.

1 Bitcoin is the first decentralized currency in the world and the first and only that cannot be artificially inflated.
2 Usually things that are a technological breakthrough are valuable. Think of phones, computers even smaller think of when they added a camera into a phone. Who now has a phone without a camera? Who is going to have a bank account without a crypto wallet as safe storage?
3 Bitcoin offers services to everyone. It doesn't discriminate like banks and paypal.