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It's a great job to do daily analysis of bitcoin price.
Bitcoin price just reach $1080 on preev.com last time I checked.
Bull run seems unstoppable for now, bitcoin global volume trading keep on buy lane and more adopters realize to not sell if the price hit certain point. I'm wondering which side of area that gave so much effect to bitcoin price, what reasons/community behind it.
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Some fun info, since everyone loves to learn!
Some of the things Satoshi picked were just educated guesses,
“My choice for the number of coins and distribution schedule was an educated guess.
It was a difficult choice, because once the network is going it's locked in and we're stuck with it.
I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard.
I ended up picking something in the middle.
If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies.
If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit.
Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There's plenty of granularity if typical prices become small.
For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1”
On the initial release of Bitcoin,
In August of 2008 the domain name bitcoin.org was registered anonymously through anonymousspeech.com, which is the email SN used to communicate with others.
Around this time SN contacted others such as Adam Back and Wei Dai and Hal Finney and suggested they read a pre-release to the white paper. No copies of this pre-release (other than the abstract) are known to exist, the most likely candidate for keeping a copy was the late Hal Finney.
The abstract of this pre-release does not include the word bitcoin but instead this proposed white paper says “Electronic Cash Without a Trusted Third Party”
On October 31st, 2008 SN published the white paper on Bitcoin to a mailing list for cryptography through metzdowd.com. He later says he created the code before writing the white paper.
On November 9th the project is registered on SourceForge.net, a website used for open source software at the time. Sourceforge has since garnered a poor reputation, the Bitcoin code is currently hosted on GitHub. GitHub allows software developers to work together with ease, very helpful on open source projects.
The P2P foundation profile of him (SN) states he was in 2009 a 37 year old male who lived in Japan. By monitoring what date the age changed on his profile a birthday of April 5th 1975 was found.
On April 5th 1933 FDR signed an order outlawing US citizens from holding gold, on January 6th 1975 sales of gold in the US were made legal again.
Jan 3, 2009: The Genesis Block is mined. Satoshi would wait another 6 days until Jan 9th to release the first version of the client, 0.1, to others.
Included in the coinbase data for the Genesis block is the message, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
The first transaction happened on the 12th between SN and Hal Finney.
In October of 2009 the first exchange rate was established based on electricity costs to run miners at the time, $1 in electricity could be used to mine roughly 1,300 btc. That is 0.000769 cents per btc.
The first update, a release to version 0.2 and the first difficulty increase happened December 30th 2009 from 1 to around 1.1829. Within the next year the difficulty would rise to over 1,000.
SN contributed to the network for around a year. His last public post was on December 12th 2010 just a day after posting, “... WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.”
The history that I just read of some parts about bitcoin dev in the first place. I've never done a searched for this information and feel too much to read and load in my memory, good idea to save the articles. Usually, new comers don't care about details history and only read the big part of whole stories to understand about it. |
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You must take security precautions! Hold your coins in multiple wallets its is best solution.
Blockchain,Multibit..
Also one good amount will be good to be stored in cold wallet!
Always use good strong password and change it periodically!
I have divide my bitcoin into several online wallet, also on my phone but you're right about change the password periodically. Never thought about it before, as I set random and long characters password. I always consider that, it is safe that way due to I don't have many bitcoin, so if it growing I will constantly change the password like every week or every 3 days. Thanks for advice. I don't believe to storing bitcoin in exchanges as they are the first target if hackers in order to get big fish such as happened before. |
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Screw it i have changed my mind i am not going to invest it anywhere just let it stay in my wallet and watch bitcoins grow more and more ass the price was about to hit 1000$ but came down again. I guess i'll just convert it to eth and keep it for a long term investments
Much better mate, don't trust any investment platfrom nor crowdfundings here since im very sure that it will turn scam since nothing of them retains their what so called business for so long and no one of them proven yet their legitimacy of business thats why i mark all online investment as scam, try to learn tradings or binary maybe by that you can excel and earn more money by learning on how to do it. Ok ok i know thx for all the replies i decided not to put in any business I'm glad you had decided to saving your bitcoin as the price has been set at $1000. If in the future you change your mind, check https://bitcointalk.org/index.php?topic=1607623.0But there is no any stable investment I guess as the risk always on your side. I prefer, recommend to saving it and open business relate to bitcoin payment and your savings will increases over time. |
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I would like to enroll
Name: Rahar02
Post count: 161
Rank: Full Member
Bitcoin address: 1KN95c74osFMekUYjpyxD8miy79Bwr67K5
Profile UID: 883081
Thank you.
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Wow, new information to save. Who they are that have so many bitcoin sit on their wallets. Takes time to check each one, and seems as usual activities of wallet such as giver of salary, I don't know. Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders. I don't understand the point of daily traders to sell and get some profits instead of saving in your wallet. I mean if bitcoin price always increases then you should buy in the next time but at higher price. |
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Here's my prediction about bitcoin on the coming 2017. It will dump days after new year and especially after chinese new year and it might touch again the prices of 400$ or even lower. It will then stabilize to a price where even if the reward block is halved it will still be profitable for the miners. It might be around 500$-750$ to where it will stabilize. This is just a prediction but the chance of it happening is not that slim.  How exactly China new year will affected bitcoin price dump to less than $400? Many people will love to buy bitcoin if that's going to happen. China miners are loyal and believe in bitcoin, that's why they keep supporting it. I can't see the possibility of that will happen unless there are some exchanges hacked again as security issues are the biggest problem for bitcoin development. |
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My idea is nothing new, but it would be the ultimate form of decentralized hard money ever possible. What is the most precious thing which could potentially work as money? It is time itself, and not some abstract time (e.g. as the time span between two dates), but how much is left for you to live. This idea is basically what the plot of the In Time movie evolves around. You can get the concept from the Wiki article if you feel interested. I guess that would be a sort of absolute money having absolute value... Live forever or die trying Ohh, it is "TIME" The most valuable thing in the world as based of lifetime. Anything won't be precious if we will die tomorrow obviously, laying down on the bed in hospital, waiting.... Too many to describe why time is so valuable. But, I can't imagine how it gonna works in order to achieve a purpose or result, I think that only happenedd in the movie and won't be next generation of money as we can't change Nature's law. So, bitcoin still the number one of new generation as medium of exchange. |
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maybe this coming 2017 will start to move on 1000 usd barrier.. i've been wondering this since then i think it would actually happen but expect the big drop down when we reach the $1000 barrier.. because there will be users that will transfer their bitcoin to fiat so bitcoin will lose a users so they will drop down the price of bitcoin in the sake of the user to comeback..
That is the reality, bitcoin is just like a wheel sometimes it goes up sometimes down. Nevertheless, it is a great thing for those who are waiting for the $1000. It is okay since it is one of our real purpose here in joining bitcoin to earn $$ by holding bitcoin and when the price met our expectation then we transfer it to fiat, and buy again when price goes down. It is really a cycle. Or maybe this month before new year let's be positive and never look negative i want to be bitcoin will hit your speculation im holding bitcoin right now and i want to sell them when it already hit to $1000 bitcoin will be might decreasing but its part of bitcoin society traders always exchange tier bitcoin into fiat to use that as phyiscal money. Probably not, there's only 4 days left my friend! But don't worry, I speculate that the price is going to be around 1000$ 2/3 months into the new year. I also think that there is a rather large symbolic barrier infront of the 1000$ per Bitcoin, and im not sure how to get past that one. I really think bitcoin is going to get more status and popularity both in the media and just online once it reaches 1000$ aswell, which will result in more people adopting it and then soon it will rise even more, and that we are around 1300$ 6 months into the new year, in the summer. Reach $1000 is a dream of bitcoiners, but could become a sharp sword if there are too many users planning to sell off their coins. Personally, I don't like the idea like that, holding for a while and sell, why not waiting for more and spend bitcoin such as we spend fiat money, if there is no merchants that accepted bitcoin yet in your neighborhood, be patient and just convert several of your coins if there is something to cover the cost. |
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Sportsbet, cloudbet, nitrogen, directbet?
I have placed bet on all of the above sportsbook but i really like directbet as they offer betting without registration and instant payout on bet settlement to bitcoin address directly. I don't know how large bet they can handle but for less than 1 BTC bet it used to get settled instantly for me. Yeah, as they site name, you can deposit and withdraw directly without making an account first. I think they are better on that part of gambling, they also have good interface on the site, easy to handle and not complicated to bet on sports. |
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Some weeks ago, I posted on a discussion about when Bitcoin will reach $1000 again. I was sure it will not happen in 2016 because the gap to the mark was around $200. To much for that short timeframe I thought. I predicted it will reach the mark sometime in Q1 or Q2 2017. However, now, at the pace of the current price surge, it is possible to yet happen in 2016. Crazy times!
The increasing seems to rush and not predicted before as we've seen the increases since bitfinex hacked being step by step and hold for months. Christmas and new year spirit? Are people buying bitcoin because of that? I don't know for sure, big players who playing are welcome to share. Is it because pure of bitcoin benefits or anything? We just simply enjoying the current price and don't sell your coins. |
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Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc. I'm looking for real responses and ideas. Please keep the trolling to a minimum  I will divide my btc into several wallet, like don't put all eggs in one basket, if one get hacked there are anothers. But still, need to create some offline wallets (paper wallet) and store about 10-50btc there (divide) say about 3-5 wallets and save the paper on the safety box in the ground  . The rest 50btc save in several online wallets too, to use in transaction. |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Mining altcoin may profitable if the demands are pretty high but just some coins are worthy I thought such as icn. Well, I don't rely on altcoin as I didn't get into trading yet. I prefer to saving bitcoin due to the best cryptocurrency ever. If you feel that those coins are profitable than continue to mining and sell some, if not than leave it. |
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Hello,
This method can help you how to buy BTC by creditcard or via paypal. I hope it will be usefeul for you.
It's fully free and not has any virus.
Download link: Post here/send a PM
VirusTotal link: Post here/send a PM
If download link don't workin anymore please contact me via PM.
Why people don't think it's like a scam as newbie offered this kind of method that many people already doing it everyday, buy btc through credit card and PayPal. Why have to via pm instead of mentioned the link as you said it's free?, not has any virus makes me wondering, what kind of malware waiting on the link. If I am newbie i can only scam people?? I would like to help those people how dont know how to do this. It's a short tutorial of VirWox. Tomorrow I will attach the download link. Thanks, Novi12 Well, I'm so sorry to offend you, not mean to. But, it's better to show it up on the thread too so we can learn about it. Once again, sorry. |
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Hello,
This method can help you how to buy BTC by creditcard or via paypal. I hope it will be usefeul for you.
It's fully free and not has any virus.
Download link: Post here/send a PM
VirusTotal link: Post here/send a PM
If download link don't workin anymore please contact me via PM.
Why people don't think it's like a scam as newbie offered this kind of method that many people already doing it everyday, buy btc through credit card and PayPal. Why have to via pm instead of mentioned the link as you said it's free?, not has any virus makes me wondering, what kind of malware waiting on the link. I was going to argue with you about this but... https://bitcointalk.org/index.php?topic=1722938.msg17276741#msg17276741"Addresses to burn your coins? Looks like suspicious We don't know for sure unless there are some legit evidence." You're just a spammer and in any case, you have no idea what you're talking about. Go read up on some cybsec tutorials if you're so scared of getting infected. No need to argue, if you were right than let it be. I may not found out about those information at that time. I just figured it out, thanks. |
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I realized that but never thought so far about it, just refraction from the technology which are growing pretty good because the benefits offered by bitcoin suitable for people who get into it.
Bitcoin was revolutionized of how to transact use the money, and it more widely than just for gambling and play forex, only time will reveal another utilizations.
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I have had an issue with Paypal and while I was trying to look for a solution on the internet, I came across this website ( https://www.consumeraffairs.com/online/paypal_02.html) where everybody is complaining about Paypal. Most of the complains were actually similar to the one that I have. I thought Paypal is a credible company but now I have started feeling worried about my funds stuck in the accounts. I don't think that PayPal is a scam, they are trusted financial platform which have been serve for many years. Whenever any funds could not be retrieved and customer service didn't respond, that may some issues occurred, they are not perfect and it's your choice whether to trust them or not. |
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Hello,
This method can help you how to buy BTC by creditcard or via paypal. I hope it will be usefeul for you.
It's fully free and not has any virus.
Download link: Post here/send a PM
VirusTotal link: Post here/send a PM
If download link don't workin anymore please contact me via PM.
Why people don't think it's like a scam as newbie offered this kind of method that many people already doing it everyday, buy btc through credit card and PayPal. Why have to via pm instead of mentioned the link as you said it's free?, not has any virus makes me wondering, what kind of malware waiting on the link. |
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Bitcoin does depend on the dev team and the users to keep it circulate on the market. Mass adoption may attracted to advantages of bitcoin and how much merchants/stores, big companies accepted bitcoin payment. Well, it may happen in the next 3-5 years, more adopters. |
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