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When you hold large number of Bitcoins, you can have an influence on the price movement.We also assume that Satoshi Nakamoto may be the biggest whale of all as the creator allegedly owns 1 million bitcoins.
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What a great and amazing project am so excited to partake in this promising project good luck team.
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This depends on the coin. Ethereum, for example, is not very related as its blockchain structure and network serves different functionalities than Bitcoin. Take Litecoin, a smaller and more efficient bitcoin made to solve bitcoin’s problems. Where bitcoin can be used, litecoin, in theory, can be used better therefore they are much more closely tied.
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There are a few sites! subsequently a lot of them pretty much post the same stuff.
Here are a few Cryptocurrency news sites
Bitcoin News, Blockchain News, Prices, Charts & Analysis - CoinDesk
Cointelegraph Bitcoin & Ethereum Blockchain News
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Gates told CNBC that Bitcoin is "one of the crazier, speculative things" he's seen, and that he would "short it if there was an easy way to do it." In the investment world, shorting is when you bet against an asset and make money if its value falls.
"As an asset class, you're not producing anything and so you shouldn't expect it to go up. [Bitcoin and cryptocurrencies] are kind of a pure 'greater fool type of investment," Gates added.
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There are two possible scenarios:
The person has shared his keys
In this case it will be treated as any other asset. It will be distributed according to the will and the law. There are several different ways to share keys with other people. Lock-boxes, attorneys, split n/m keys and so on.
The person hasn't shared his keys
The coins are gone. Even if we used all our computer power on the planet for the rest of humanity's existence we won't crack the keys. No government, no hacker and no company can do a single thing.
While it is a bother you can actually store a bitcoin wallet in your head. You just have to accurately remember a bunch of random words. Sending coins will likely require a computer though.
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in 2020 many of these country will accept bitcoin as legal currency.legalizing bitcoin is a global problem and we have to wait.
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bitcoin is risky.this are the major problem
Financial loss: Bitcoin prices historically have been highly volatile, and fluctuations could result in significant losses for investors.
Fraud and cybercrime: These already have occurred. For example, in 2011, Japan-based Mt. Gox, then the largest Bitcoin exchange, experienced a security breach in which 850,000 Bitcoins worth approximately $450 million were stolen. In November 2017, a cryptocurrency called Tether reported a $31 million theft.
Theft or loss: A login ID and password is usually needed to access the exchange, so if that is forgotten, lost or stolen by a hacker or phishing scam, access could be denied or lost. Online purchases still require a link to a bank account and/or a credit card. While Bitcoins can be stored in physical wallets so they can be spent without a computer, this creates the same risks as with all cash currencies: They could be lost, stolen or destroyed by accident.
Computer outage or cyberattack: Bitcoin exchanges have been subject to computer outages caused by excessive demand or other problems. Also, because ledgers and most holdings are held on the internet, a large-scale cyberattack could limit access during times of national emergency, something that would not happen with physical cash or gold.
Lack of regulation: Trading in Bitcoin and other cryptocurrencies is largely unregulated. Washington has been devoting more resources to monitoring digital currencies, but regulators have not reached a consistent or universal stance.
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yes, no one in this forum cant see the moment, i cant imagine how much is value of btc in 2140,is any one have clue here ?
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i'm agree with many people of here, bitcoin need more faster transactions and transactions fees should be reduced.i would like to add something extra here,btc need to improve to legalize on government.
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Because globally, only 45 billion dollars are invested in bitcoin with a total circulating supply of only 16.5 billion coins. That's very small. Consequently, it doesn't take much money to have such large swings. It's very common to see 5 billion being pumped into or out of crypto in one day, which isn't a lot of money globally. But 5 billion of 45 billion dollars, is a large swing. Consequently, a lot of volatility with only chump change. Billions sounds like a lot but for comparison, the new York stock exchange is 21 trillion dollars. And that's just one country…
Bitcoin is global….
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this is not a good news for Bangladesh people,who love crypto currency.what are the reasons for this band?hold your bitcoin for long time,you can make good profit
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It is normal for people to panic sell altcoins if bitcoin price is going up quickly. Likewise if bitcoin price is declining rapidly, people will buy altcoins to hedge against the bitcoin price drop.
In general though, most altcoins increase in value faster than bitcoin. Higher risk, higher reward.
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I saw IOTA dip below $3. That's an absolute steal.
I've been holding 50% NEO so I've been lucky during this dip but I think it's hard to go wrong buying them still.
XLM and VEN also over corrected I believe.
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A blockchain is a linked list.They’ve existed before without being a cryptocurrency.
Whole of github integrity checks is a blockchain where each block amounts to changes in code, but it has existed all this while and will continue to do so.Github is just one example, there are tons more where linked lists are superficialized into blockchains.
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I don’t have deep understanding of the technical side of blockchain programming, but the concept of Bitcoin’s blockchain is simple - it is a distributed ledger that is located in multiple places simultaneously. It means that, if someone wants to hack Bitcoin, he has to attack the majority of ledgers at the same time, which is almost impossible.
However, it doesn’t mean that hackers don’t steal Bitcoins - they do it, but not because blockchain is the problem. The problem may be in the exchanges, wallets, and other players that operate with Bitcoins. For example, if hackers attack a website, it does not mean they attack the Internet.Mt. Gox is one of the most popular examples of how an exchange can collapse because of an attack. However, there are more examples of attacks. In reality, over 30% of the Bitcoin exchanges were subject of different forms of cyber-attacks.
Still, it is not about attacking Bitcoin.
The blockchain behind this cryptocurrency stays steady at the moment, impossible to be hacked or destroyed by any entity.
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