Bitcoin Forum

Good day!

I'm creating a profile piece on bitcoin. Now I have to ask experts questions about bitcoin for my own research. Do you want to help me? Then answer the following questions:

- What do you know about bitcoin (3 sentences)
- Is bitcoin or are shares more popular and why?
- Is there still enough enthusiasm for bitcoin and why?
- What would you recommend each bitcoin starter to do?

If you have answered the above questions, thank you very much for helping! It really means a lot to my grade.

Sincerely

Donny

Start from two sources.
https://bitcoin.org/en/
https://bitcoin.org/bitcoin.pdf
https://en.bitcoin.it/wiki/Bitcoin
Stay away from bitcoin.com that is a scam site of Bitcoin Cash, a shit fork from Bitcoin.

Shares. No Bitcoin is operated on Proof of work. No stakes, no shares.

Enthusiasm, it is around and on a rising tide. If not, you are not here.

Starter. Learn to use non-custodial wallet to store their Bitcoin. Learn steps to back up, and recover wallet from backup.
[General] Bitcoin Wallets - Which, what, why? (https://bitcointalk.org/index.php?topic=1631151.0)

I'll be happy to help you with your research.

1- Bitcoin balances are represented as a series of inputs and outputs on the blockchain, and each transaction consists of an ID with a group of inputs and outputs connected to it. Bitcoin addresses are hashes of public keys, which are calculated from their associated private keys by solving an elliptic curve equation, because the two are represented as a point on an elliptic curve. Bitcoin features are drafted by creating BIPs which are incrementally deployed as the relevant specifications are implemented in Bitcoin Core.
2 - Clearly the shares of bitcoin are more popular because the majority of users store their bitcoins on an exchange, which lets them rapidly trade their holdings for other assets, so exchanges lend themselves well to trading.
3 - There is still plenty of enthusiasm for bitcoin, the outside world gets it mainly through news flashes that the bitcoin price is going up. For example there was a surge of interest in bitcoin after PayPal announced support for holding bitcoins inside their service.
4 - Even though I said most people are putting their bitcoins on an exchange, I do not recommend this because the exchange owns the private keys to your addresses and therefore your money. That means they can forfeit your money at any time for whatever reason and there's nothing you can do about it. And as the old saying goes, "Not your keys, not your coins" so I recommend everyone download a software wallet such as Electrum, and verify the download hasn't been tampered with (https://bitcointalk.org/index.php?topic=5240594.0), and transfer your coins there ASAP if you're not trading with them.

Wow! Thank you alot! I did not think that i would get a respond so fast! I really appreciate it! Do you know where to find others who will respond so fast. I need multiple oppinions sadly.

But again! I really appreciate it!

Can't guarantee it would be up to 3 sentences. But, from what I have learnt, Bitcoin is a financial or monetary network. It's decentralized and hence is run by the Bitcoin community; nodes, miners, and peers involved in transactions are all connected and none is dependent on the other, so you do not need to trust them, as far as you've verified you're on the right network.
Bitcoin is also open to different interpretations, to some it is a speculative asset, to others a SoV, and some others see it as a currency. Everyone can discover what Bitcoin means to them.

I do not think any is more popular, it depends on what the individual can access. Regular investors can hold actual bitcoins and as such would likely go for that, institutional investors are limited and would likely get exposure to Bitcoin through bonds or mutual funds

Yes, there's surely enough enthusiasm.
Most of the interest in Bitcoin these days may be as a result of its fiat value. During the early days I would assume people who were interested were mostly enthusiastic about the network and underlying technology, however those people are still in the space and more have joined in, either they were attracted by the price or product.

Research, learn and unlearn.

You're in the right board for getting answers, it's common for threads in this section to see a dozen replies per day, so just wait for a few hours while more people arrive and drop their answers. (Like the one above me)

We'll i think i did the best thing possible for what i have to do. I hope to get as much reactions as possible!

Again thank you for helping me!

Also Upgrade00 thank you for helping me!

Bitcoin is a money and an asset, only a total of 21 million will be in circulation which makes it limited, anything limited will have value. Bitcoin is in high demand and has value because of that, this has resulted to its price that begin with $0.03 in 2009 to be $19000 now.

Bitcoin has no shares, bitcoin is open source and completely decentralized, anyone telling you bitcoin has shares only want to scam you.

Yes, there is enough ethusiasm for bitcoin, that is why institutions have now joined the race to provide bitcoin services.

I will recommend you to know the basic knowledge about the technical analysis of bitcoin price, you can use coinmarketcap for this to know the price history of bitcoin before you will be able to decide what next.

A trustless community where it's trusted enough to be used by a huge community. A safe asset but with a highly volatile quality, which makes it both hated and loved by investors. It's pretty much a system where transactions are done without any influence of a third party, which makes it a huge boon since you can guarantee that no type of corruption or anything is happening inside its transactions.
I'd answer Bitcoin, but I think I'd be quite the biased one, especially because I've never had the opportunity to explore the entirety of the world of investments, and not that I plan to, at least not now.
Why yes, right now as you see most of the enthusiasm is about the price, especially with it moving quite high right now, almost standing at the $20k mark, though it's also a sad part of how most of the enthusiasm is about that, and not how Bitcoin is as a currency.
Learn the basics, especially the proper way of using wallets. Most people assume BTC is a scam due to misplaced knowledge, and really it isn't bringing anything good since the majority of those that listen to it are the same people who don't know anything about Bitcoin.

Thank you guys! It is really helpfull!

You guys already made it a lot easier!

Hopefully some more people will come to help!

Bitcoin is a type of virtual currency aka cryptocurrency. Bitcoin has increased transparency of assets. The reason I bitcoin is it's controlled by none.

Obviously, Bitcoin is popular now. But it deserves more popularity.

Yes. And believe me. It's increasing.

Before diving into anything, you need to do research. Before starting journey, they need to do research and read other's experience.

Bitcoin is a revolutionary invention that for the first time made possible for each person to be their own bank, completely decentralized and independent of the current financial system. It operates 24 hours a day, 365 days a year and knows no boundaries or restrictions when it comes to transactions. It also has a limited supply which gives it exceptional value as it prevents anyone from creating new BTC.


I think stocks are still more popular because they’ve been around a lot longer, and they’re something completely different from Bitcoin - let’s say people understand the concept of stocks a lot better than is the case with Bitcoin.


Of course, there is still enthusiasm when it comes to BTC, because although the value has increased incredibly during the first 11 years of existence, we are actually at a relatively early stage given the potential that this technology has.


First and foremost, for any beginner, I would recommend that you set aside time for your personal education before any investment, because knowledge is crucial, so that you can act properly in investing and keeping BTC safe. You should fully understand terms such as private key, coin address, the difference between custodial and non-custodial wallets, the correct use of the fee when sending transactions, the differences between the types of addresses (starts with 1, 3, bc1) and much more.


You're welcome, I hope it helps you ;)

1. Bitcoin is a phenomenal phenomenon of the 21st century, the greatest invention of mankind since the Internet.  Bitcoin is a value transfer protocol (in the virtual space). 

2. Only Bitcoin has value.  Derivatives have no value. 

3. People don't understand enough of the value of Bitcoin.  In the future, most people on planet Earth will recognize the value of Bitcoin as a unique deflationary asset.  The next decade (2021 -2030) we will see the excitement around Bitcoin. 

4. Buy Bitcoin.  Hodl.

Wow! I can not believe the responds i already got! I am looking forward to more respones today!

Everyone who answered my questions is already a hero!

Thank you!

Yes, this is what the forum is all about exchanging ideas and mostly members here are helpful and others are expect. Legendary rank members are usually knowledgeable when it comes to cryptocurrency and you can learn a lot from them.

Anyway, bitcoin is using a p2p platform and run by those who had downloaded the system or software and being part of the network. You can have fully control over your funds without using the third party service like the banks. Privacy is one important key features if bitcoin but sadly most centralized exchange requires KYC. Privacy is one tha could keep you away from thieves without them.knowing that you hold or transfer some money from your digital wallet to other digital wallet.

Well, you perhaps got all you need but you and your topic are at the right forum, your questions can get tons of answers here but I highly suggest for you to read and focus more on the answers of those legendary members because of their tenure in the crypto space they are answers are much reliable and mostly based on their experiences. Bitcoins are digital gold that can be --mined, buy, and sell like an asset that you can gain profit or lose if you don't take care of it properly.
Due to a gradual adoption of society, bitcoin I could say that it is popular as more investors and newbies are coming in. With enough enthusiasm I must say yes for investors both newbies and the tenure once are getting more active in trading and exchanges including the number of transactions happening in the market. For a starter it would be better to do your own research and not to trust anyone easily for hackers are always at large and they are just around looking for someone that they can victimize, you may also seek advice from legendary members in this forum to have a safe sailing in the crypto world

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Sorry for the bump, if you have satisfied with this answer you may now lock your thread.

Nice initiative, I am working on an idea too and would soon be ready for publishing on the forum. To answer question, I'll keep it as simple as possible.

Bitcoin: it is a currency of the web which exists in a Decentralized system on the blockchain network.

Bitcoin is more popular than the years behind. This is what is expressed in the demand which is reflected in it's value as we have it today. Increased demand implies increase awareness as well.

Of course yes, there is enough enthusiasm towards Bitcoin. Awareness is not demand as awareness alone can not readily necessitate the reasons for the boom of a commodity, demand intells enthusiasm and value and bitcoin has got all that in the bag which implies their are growing Bitcoin enthusiast amongst the populace.

I'll recommend that;
* Read more on Bitcoin subject matters to understand it's nature
* Own some bitcoin yourself, no matter how small
* Don't only hoard, study ways to invest and invest your bitcoin as well as checkmate your risk

Sorry for not having answered your question, I just have a little concern.

Is this research based on school, an online course, or?
I'd like to know what grades you speak of.

I hope that what I say from your question can help in the research that you make and I myself do not want to know for the benefit of what you ask, I will try to help as much as I can and maybe it will be different from everyone.
- Formless, Many Seeking, Profitable
- It seems that my opinion is the same, and the process and difficulties experienced and what distinguishes is the system only.
- Yes, especially now that bitcoin is on the rise, it's wrong to miss that opportunity.
- learn and don't immediately do things related to trading without knowing what to do next and don't be shy about asking questions, it's better to join your own local forum so that it can quickly absorb knowledge.

Thank you all! I can complete my research!


Well, before I can graduate, I have to make a profile piece. This is a paper that should be connected to 1 or 2 school subjects. Together with my partner I have in the field of economics and as a topic 'Bitcoin'. I need a theoretical study and my own research (this is).

Oh! So Bitcoin is taught in your school? If you don't mind, is it boldy called Bitcoin (as a subject) or as a topic under a subject(and under which subject). If you think the answers are personal, no problems. I'm just curious to know. Also, I wish you the best on your graduation!

i would like to know the purpose of your research aside from knowing other people's opinion towards Bitcoin, 'coz the questions above can be already answered through discussion on different topics in this forum and even to other websites having same topic. The reason why I want to know is to help you make a clear vision of the possible outcome of your research.Another thing is that, If you will ask questions in this forum regarding this technology, expect a biased answer. I suggest also having different perspective from different  locale.

Okay, nice set of questions. I'm not an expert but since these questions can be considered a no brainer then let me share my own simple thoughts.

1) - Bitcoin is a store of value and a means of doing transactions. For me they are both acceptable, it just depends on the point of view of an individual.
     - Bitcoin gives us the glimpse of what a futuristic living looks like.
     - Bitcoin is ying and yang. It can help you to uplift financial status but can also harm you if yoh fall on scams associated with it.

2) Do you mean stocks? Yeah, I think stocks are still more popular at least for now since cryptocurrency is still a new technology.

3) It depends on everyone's perspective. If you ask a crypto investor then of course he will say yes. On the other hand, if you ask a banker then he will hate it for sure.

4) You nailed it. Be a bitcoiner first and avoid experimenting with alts. Don't be hasty and learn things slowly.

ANSWERING:
1. (3 sentences) future assets
2. bitcoin is increasingly popular, this can be seen from the market demand which is increasing day by day, currently among young people who dominate bitcoin investing. Then we all know from the value of its flexibility, where the price is much higher than stocks.
3. Yes, very enthusiastic about even becoming the most popular trend of the future. Bitcoin is perfect for investing.
4. For beginners, if you want to invest in bitcoin, try to get to know the ins and outs of bitcoin first, until you fall in love with bitcoin. because bitcoin is not just an investment in buying and selling, but making it something you really like.

thank you.

- What do you know about bitcoin (3 sentences)
We could quote the first sentence of the abstract of the white paper here. It's the shortest explanation. Look it up.

- Is bitcoin or are shares more popular and why?
Shares (stocks) are much more popular simply because they're older. The stock market exists for more than a century when Bitcoin only for a decade.

- Is there still enough enthusiasm for bitcoin and why?
We went to a new high a few days ago so there has to be enough

- What would you recommend each bitcoin starter to do?
Invest at least 1% of their wealth in Bitcoin and hold.

No, it's not taught as a school subject, unfortunately. In fact, we have an assignment in which we can choose a subject that is connected to a school subject. For example, I have economics > Bitcoin but some also have civics -> racism or Spanish -> Spanish songs. So that's how it actually works.

For that assignment I need to have the opinion and insight of experts. Now I can e-mail them all but such a forum is just a little easier. That's why I do it like that.

I also see that there are more answers. You're really helping me with this.

Bitcoin brought about the peer-to-peer method of doing transactions. Bitcoin is the most trusted coin which was created out of the need to give humanity a chance of doing things or monetary transactions in a transparent, secured and trusted manner.
Shares are more popular because they have been around for a long time now, but however, in my own opinion, Bitcoin is more better, although it is volatile but yet it makes it possible for someone to be in an environment of success, such that, if you are holder and the market is good, you are bound to make gains.
There is enough enthusiasm for Bitcoin because with each day, people and platforms are joining and they wouldn't have joined if there aren't exceptional features and benefits found within it.
My simple suggestion is, know what you can about Bitcoin first such as how to create a personal wallet, how to secure your keys etc, after this the person can take further action to know what he wants, such as being a trader or being a holder. Whichever be the case, having Bitcoin is a very nice idea.

A lot. your question is too broad and I can't answer it directly since Bitcoin can be in any form, payment, investment, used in illegal and many more.


No they are not shares and they are different from share. I think shares is more popular since you can find it in every big companies and Bitcoin was not yet accepted worldwide.


Yes due to the big companies that is adopting Bitcoin many enthusiast are now looking forward in cryptocurrency and in Bitcoin.


Start with these basics:
1. What is Bitcoin on youtube and how does it work
2. What is wallet, address and how to create one
3. What you can do with Bitcoin

ya.ya.yo!

Yes I will help you:
Bitcoin and Darknet were made by secret U.S.A officials in order to get a cheap cloud super computer that can be used for Nasa and Cern. I made cartoon movies explaining all that. This is my playlist, so far I have 3 movies and more will be added in time. I posted here a month ago in this forum but no one took me seriously, but only liked my animation, hope you will understand.

https://www.youtube.com/playlist?list=PLmsWH-o9rq34YqQev4WOr170z2-8-lEFC   (play list for all of my episodes, 3 at the moment)

Information in YouTube would be also broad because videos are majority concerned with the general concept of what Bitcoin is, answering only the core idea of it. I think it would be better to ask other people who are more knowledgeable into this technology than to just watch or read articles of this topic. Wallet on the other hand is applicable to not only Bitcoin but to all digital currencies. The last question I think is fair enough because it would be more helpful for an individual to first know the usage and purpose of something he is not that knowledgeable about.

I'd choose to answer the last one since my answers to other questions would be almost the same with other replies in this topic.

"What would you recommend each bitcoin starter to do?"
1.Know why you engage yourself to this technology.
2.Ask for other's opinion about Bitcoin to gain general idea of it.
3. Seek for deeper explanation through articles online in order to further understand this technology.

The three things you have to know about Bitcoin is that it is volatile, the transactions done with it are irreversible, and it is not anonymous. Yes some people might tell you that Bitcoin is anonymous but it is not anonymous, for you to be private when making use of Bitcoin there are some efforts required and not really everyone is ready for that.

As for where I said that it is irreversible I have seen some people say that you cry to reverse the transaction in some ways, and I have seen them list ways that such can be done, but it would be best for you to be careful when dealing with bitcoin, especially when you’re the one that’s sending the Bitcoin.