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because the decline was due to investors monitoring the warnings from a number of regulators and increasing crackdowns on the virtual currency market in China. Quoting CNBC, a sharp decline occurred in bitcoin prices, hinggan reached its lowest point in 1.5 months. In addition, the price of ethereum and ripple also decreased significantly. Data Coindesk showed, bitcoin prices had dropped to levels below 12,000 US dollars for the first time since December 5, 2017. Bitcoin prices had touched the level of 11,685.24 US dollars or equivalent about Rp 156,579 million.
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Cryptocurrency is no longer an unfamiliar thing for all of us, especially Bitcoin whose rising prices continue to rise. After a month of rumors about the sale of the Luxembourg-based cryptocurrency currency, Bitstamp, to unknown South Korean investors, it is estimated that buyers' names may be revealed by an anonymous source to become a developer is a Nexon gaming company. Nexon is a South Korean video game company, famous for developing games like FIFA Online and Counter-Strike. Nexon was founded in 1995, it moved its headquarters to Tokyo in 2005 but still maintains offices in South Korea, the United States, Taiwan, and Thailand. The company's $ 1.2 billion initial public offering on the Tokyo Stock Exchange in December 2011 was the largest in Japan.
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Secure your wallet
In the real world, your wallet must be secured. Bitcoin allows you to transfer anywhere in a very easy way and allows you to control your money. The great feature also comes along with high attention to security. Bitcoin provides a very high level of security if used correctly. Always remember that it is your responsibility to take good security precautions in order to protect your money.
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If that's even his name. Just read the bitcoin wiki on him and I'm amazed. Nobody knows him.
Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?
How can someone create something so great and not stepping out to get the credit?
Satoshi Nakamoto is known as a smart person and seems to have the right skills as a cryptographer. He is a Graduate of Physics graduate of Califronia State Polythecnic University. He is also known to work in security and communications for the Federal Aviation Administration (FAA). |
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After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up ! #1 Yahoo Japan to buy miniority stake in cryptocurrency exchange : Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall of this year, Nikkei elaborated. Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s. #2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges : A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind today’s $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars. Muslims account for 23% of the world’s population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins. Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/If other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin which makes the value of Bitcoin increasingly uphill. Bitcoin experiences what is called Bitcoin Halvings, or a reduction of the virtual currency supply because it happens every 4 years, every 10 minutes there will be a reduction in the amount of Bitcoin to half. If other countries are familiar with the inflation policy in order to increase the production of currency to pay off state debts or pay the losses of war, for example, Bitcoin does not recognize this. Because in the world of Bitcoin aka the digital world, unknown to war and debt. So if you've invested into Bitcoin, it can be said if your choice is right. |
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The media as the fourth estate of realm, play a very critical role in creating awareness on issues surounding crypto currency and the need to popularize it beyond its current status. In most part of the world individuals and institutions are skeptical about bitcoin and it's acceptance as a legal tender. Hence the need to explore and leverage on the enormous power of media on propagating and putting crypto currency issues on the front Bonner. However, considering the fact that the media exist to inform, educate, mobilize and enlighten societies, which other vehicles or means could best serve the purpose of setting agender on a phenomenon as important as the rising prominence of crypto currency?
BTC Media, the world’s largest Bitcoin and blockchain media company, works globally from the heart of Nashville, Tennessee, America’s Music City. Here, from their front-row seat in the fast-growing fintech industry, They gather and distribute the information, education and research that are building the financial systems of the future. And they have a great time doing it. Their clients include everyone from tech startups to Fortune 500 financial titans. Like them, they are driven by a vision of money moving faster, cheaper and more conveniently around the globe; of individuals everywhere empowered by financial freedom and security. BTC Media keeps the world informed through products and services that include Bitcoin Magazine, yBitcoin and The Distributed Ledger, the planet’s most widely read digital currency publications, along with multi-media educational information and services about financial technology. |
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I love bitcoin because its the crypto currency and its the king of the crypto.
It hasa lot of use cases.
I can exchange it to any other crypto.
Why do you love Bitcoin?
Why are you interested?
Because Bitcoin as a means of payment is better than credit cards. They rate it because Bitcoin is considered safe, because it is difficult to commit fraud with Bitcoin and the privacy of its users are guaranteed. |
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CEO of Bitcoin: Bitcoin is a Digital Asset, Not a Currency. |
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I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.
What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?
no, because Bitcoin is interoperable. |
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In my opinion it's important because it allows money to become like air or the Ocean. Something that just naturally exists in our lives (without being owned by anyone) and allows us to value things in our world and store wealth.
I think in the future the value will not be determined by any government but by the world economy as a whole.
Because Bitcoin is the first practical solution to an old problem in computer science called Byzantine Generals Problem. Quoting from the original paper defines the BGP: "[Imagine] a group of Byzantine army generals camped with their troops around enemy towns. Communicate only with messenger, generals must agree on a common battle plan. However, one or more of them may be a traitor who will try to confuse others. The problem is finding algorithms to ensure that the loyal generals will reach an agreement. "More generally, BGP raises questions about how to build trust between unrelated parties through untrusted networks such as the Internet. |
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What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
Factors that affect the price of Bitcoin: 1. Bitcoin Volume and Distribution The existence of Bitcoin which is still fairly new makes the volume of distribution is still small when compared with the assets of US Dollars or gold. The amount of Bitcoin in circulation reaches only 14 million. Bitcoin fluctuation base is influenced by supply and demand in the market. If many people buy Bitcoin with a large amount of Bitcoin prices will soar up. Conversely, if many bitcoiners are selling Bitcoin then bitcoin prices may drop sharply. The uneven distribution of Bitcoin and the unbearable volume of Bitcoin, makes Bitcoin extremely sensitive to Bitcoiners' actions. If in the future there is a uniform circulation of Bitcoin and its volume is high, then the volatility will decrease by itself. 2. Speculation of Trader Until now there has been no one bank that validate Bitcoin as a legal means of payment. Bitcoin is mostly used as a trading asset rather than used as a medium of exchange or a means of payment. This happens because of the minimal relevance of Bitcoin in the midst of society. The use of Bitcoin is not yet familiar and spread evenly among the wider community. So this results in more use of Bitcoin as an investment trading asset. The number that uses Bitcoin as an investment trader's asset is the main thing that traders aim to gain from the Bitcoin price fluctuations. Profit is gained from the difference between the buying and selling price. The actions of traders who respond very quickly to global issues greatly affect the volatility of Bitcoin. Whether many do sell Bitcoin or who do Buy Bitcoin. Sometimes issues such as Bitcoin's rejection of a country can have a bad effect on the Bitcoin price. Many sell Bitcoin when such an issue occurs. Conversely, if spread of news about a large merchant like amazon that can receive Bitcoin it will have a positive impact on Bitcoin. 3. Fraud Mode Involving Bitcoin Bitcoin's high enough value against other currency exchange rates makes it vulnerable to fraud. Many investors are deceived against other investors with the lure that Bitcoinnya will experience profit on a regular basis. In fact, there are so many fraudulent cases with such lure that have much harm to investors. You should also be aware of such things. Usually in the first one to three months of the agreement does show a good profit. But in the next month there is usually no news or even disappeared. Your money including Bitcoin that you own has been taken away by investors who cheat you. When the level of public confidence decreases, this will affect the bitcoin price. Usually bitcoin prices will go down. Although there are other factors that can influence the movement of Bitcoin, but these three things can be regarded as the main cause affecting the rate of currency movement Bitcoin. In conclusion, because Bitcoin is a currency whose value is very sensitive to global news and fluctuations, it is better if you should pay attention to some of the above factors before you make a transaction on Bitcoin. In addition, you should also be aware of any form of fraud that can threaten you at any time. Fraud can happen when you do not realize it. It could be a scam going on from someone closest to you. So be careful in doing business. Especially Business Online like Bitcoin. |
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The remittance industry based on Bitcoin in the Philippines now has several players offering their services to the public. The highly reputable Bitcoin-based money transfer platform is called "Rebittace Platform", a combination of two words - Money Transfer and Bitcoin .Citcoins can be used like cellular money to pay for goods and services, provided by the merchants who receive them. |
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I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
By using Bitcoin then this is the easiest way to exchange money for minimal cost. here are some of the benefits and benefits of Bitcoin. |
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COUNTRIES THAT BANNED BITCOIN Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not. Several people believe that bitcoin was a blessing and it was an opportunity for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin. Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it. STOP THE BITCOIN!! Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries: 1. Bangladesh2. Bolivia3. Ecuador4. Kyrgyzstan5. NepalIt was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/ that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange. Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia, And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".this was already an old news for updated list https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryso what do you think? will your country will ban the use of bitcoin? do you know other countries that ban the bitcoins? Please share it and tell to everyone  Country states that prohibit bitcoin is Bangladesh, Indonesia, Bolivia, China, Ekuador. |
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Entering month of April, we are seeing the gradual increment on bitcoin's value. This leads to me this question, How stable is bitcoin? What are the factors indicating its constant movement aside from the fact that compared from the last years its value was unfathomable in a financial sense but sudden drops oppressing lots of investors. What sort of deem of hope to investors not to become disoriented and eventually selling there btc shares as its value decrease. What do you think guys?
Although the analysis of market capitalization is relatively relative, this phenomenon indicates that net inflows to the crypto market are virtually nonexistent. Therefore, many investors sell their altcoin and switch to bitcoin. Most likely - the reason they do this is so they can get another coin if the SegWit2x hard fork actually happens in November. So now they are many who buy bitcoin. In our opinion, an increase in bitcoin exchange rate without a new cash flow in the crypto market-will make bitcoin price stability unwarranted. At the time of this review, BTC was trading at $ 5,697. |
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