Well, I think hodling bitcoin is a business because when you buy bitcoin and hodl it for some time the value of bitcoin appreciates. The bitcoin has a limited supply of only 16.7 million bitcoins at the moment circulating around worldwide. The number of bitcoins in the world can't satisfy the needs. Therefore, the demand of bitcoin is higher than the supply, which makes bitcoin a very good investment opportunity.

The time is what justifies everything. What you were asking few years ago is currently happening because bitcoin is being traded with the major fiat currencies by CME, MAN, and CBOE. The major futures of bitcoin by these trading and exchange options is what makes bitcoin is so valuable today. The bitcoin has a limited supply and yet playing the same game with the major fiats currencies in the world such as USD, Euro and Pounds.  

The best way to earn bitcoin by a beginner is by working on a campaign. Here i'm talking about signature campaign - bounty actually, which you need to upgrade your account to at least reach a Jr. Member level before you can apply. Once your account reaches Jr. Member then you can join the bounty program and start earning.   

Well, the bitcoin hard fork that took place in August 2017 led to creating the new altcoin called Bitcoin Cash BCH. And that attracted so many new investors to the bitcoin because the it has a double value. After the bitcoin hard the bitcoin users got BCH for free based on the ratio of 1:1. The double value means, using hard fork the original bitcoin is capable of creating another altcoin with great value for free. e.g. Bitcoin cash BCH.  

For me, I used to buy bitcoins every time when i have the capital i don't wait for any specific time to buy. But i read it many times people were saying the best time buy bitcoin is when the bitcoin price is going down - a price dip. So, that people can buy it low and sell high when the bitcoin rice grow to another level.

I think the price of bitcoin is dropping because of the high transaction fees and very slow transaction speed. The bitcoin users are paying an average of $25 per bitcoin transaction and still the confirmation time is very slow. while people that are using altcoins such as bitcoin cash BCH are paying less than $0.03 per transaction and enjoying very fast transactions. The bitcoin network is really congested at the moment and there is a very strong competition out there for bitcoin, I think these are the major reasons why bitcoin value is dropping.

Yes, you are right, saving bitcoin is more important than spending bitcoin anyhow. The bitcoin value is growing over time, so why not people save their bitcoins for at least some time if not 10-20 years for the bitcoin value to grow more higher. When people save their bitcoins for long-term it adds more value. Imagine, the bitcoin profits for people that invested early in bitcoin with the current price.

Well, I don't recommend anyone who is retired living on his pension allowances to invest in cryptocurrency because it is too risky. I'll recommend only youth and bit elderly to invest in cryptocurrency rather than old and retired because the younger people can still have chance to make another money even if they lost all their money in cryptos.  

The bitcoin had a great and successful year in 2017 as the bitcoin price went from $952 to reaching up to $20,000 in the mid-December 2017. The bitcoin still have a great potential now and the future, but the problem with bitcoin is people are complaining about paying high transaction fees and experiencing very slow transactions due to the bitcoin network congestion. And for the bitcoin to thrive, really thrive we must figure the way out to solve these issues.

Read the bounty page again, I read it everyday!
They made no mistake. I'm 100% sure they know what they are doing.
SPECTRE wanna just steal our hard-earned tokens with ETH that is it.
They promised use SPEC Tokens, why ETH at current price now?
ETH at the current price? that's bullocks!
I have no respect for you anymore!

Sorry boys, we got SCAMMED by Sylon & SPECTRE this time... WTF!!!
After waiting for a complete month + nearly a week that's what we got.
I knew you guys were planning something for hiding the spreadsheet all this long.


The ICO started when ETH was $290 and ended when ETH was $420
What is the ETH Price now? ETH = $1,200 - FUCK THIS!


Don't forget you promised us payment in SPEC tokens not ETH.

Weekly Campaign Rates :

• Full members : $20 $10 per post (in SPEC tokens)
• Senior members : $25 $15 per post (in SPEC tokens)
• Hero members : $30 $20 $15 per post (in SPEC tokens)
• Legendary members : $35 $30 $15 per post (in SPEC tokens)

I'm gonna report this to [Theymos] because I don't wanna paralyze over this!
This is our hard-earned tokens not a gift you FOOLS! I'm writing SCAM Accusations too for SPECTRE.

Jonas Schnelli Wants You to Run a Bitcoin Full Node




200 gigabytes.

That's the maximum load some personal laptops will store. It's also roughly the amount of space the bitcoin blockchain currently requires.

These bloating storage requirements are a longstanding problem for the community's efforts to keep bitcoin decentralized. But Bitcoin Core contributor and maintainer Jonas Schnelli has spent the past few years trying to make full nodes easier to run for a wider audience despite this huge data cost – and in turn, make bitcoin more resistant to centralization.

With so much information to download, setting up a bitcoin full node currently takes days or even weeks. This issue was at the heart of bitcoin's years-long scaling debate. While increasing transaction capacity by raising the block size limit might have eased the network's steadily rising transaction fees, it also would have disqualified more users from running bitcoin's core infrastructure.

And even though the block size held steady, the pressures favoring centralization remain, because of the storage space and time it takes to set up a full node.

Yet, developers argue that running a full node is the best way to use bitcoin (some even going as far as to claim that without a full node to validate bitcoin transactions themselves, users are just wasting their time on cryptocurrency). In this way, users take full advantage of all bitcoin's benefits, including censorship-resistance and the minimization of trust in third parties.

"It’s very important to run bitcoin full nodes. It's the main or at least a significant reason to use bitcoin," Schnelli told CoinDesk. "If we throw that away we lose one of the more interesting parts of bitcoin."

Schnelli's particular focus is on making Bitcoin Core, the most popular bitcoin software implementation, more user-friendly, for people he calls "non-geeks."

And he feels, perhaps, a stronger commitment than most to this cause, saying:

    "I think it’s our duty as developers to make it possible to run full nodes."

To be sure, you could argue that most of the 15,000 updates to the codebase implemented over the years are geared toward the same goal, making bitcoin more efficient and faster to download.

Yet, Schnelli is specifically focused on the software's user experience, coming up with creative ways to make it easier for people to run these full nodes.


Bitcoin on the go

And Schnelli doesn't want those full nodes leashed to the places they were set up, such as a user's desktop computer at home or the office, where it can only verify transactions from one location.

Instead, Schnelli wants bitcoin full nodes to be mobile.

"We've almost reached that goal," he said, adding that other developers have been helping him bring recent additions to Bitcoin Core – such the ability to load multiple separate wallets when starting the software – that would help bring full node mobility to fruition.

Once all the pieces are in place, users will be able to securely connect smartphone wallets to their full nodes running from home.

Further, Schnelli is developing a hybrid Simplified Payment Verification (SPV) mode, which allows users waiting for their full node to download to still use Bitcoin Core to validate and make transactions in the meantime.

With an SPV wallet, the user has some information about the bitcoin transaction history, but must rely on trusting other full nodes to ultimately verify transactions.

This scenario is one many bitcoin developers would like to avoid, but it would only be used for the time it takes to download the full node.

Depending on the hardware and internet speeds being used to download a full node, the process can take days, and sometimes, weeks – which is an "unacceptable user experience," Schnelli said. Hence the need for some kind of connection in the interim.

And once the full node download is complete, the software switches back to the more secure full node.


Like Apple TV?

Another project Schnelli is getting started on, in an effort to cut down the time it takes to set up a full node, is building devices that already have a bitcoin full node downloaded and set up on them.

This comes from the knowledge that users generally need to buy "dedicated hardware," which can cost a few hundred dollars, to run bitcoin full nodes.

Also the co-founder of hardware wallet Digital Bitbox, Schnelli is calling the project a "full node in a box." He hopes to sell those devices in the future. While unsure how much they would cost, he said they would save a lot of time.

"You could have a black box similar to an Apple TV or router that you just plug in and it works," he said.

There are similar full node-only devices on the market, "but not in a way that I think is useful," Schnelli said. "It's hard to get affordable hardware that syncs pretty fast," and building a "good" full node device requires knowing the ins and outs of the Bitcoin Core code.

BitSeed devices, for example, cost between $200 and $350. Schnelli said he thinks he can ship a product that slashes this cost, partly by doing the marketing required to attract a few hundred or thousand buyers.

Schnelli envisions the "full-node-in-a-box" device as a computerized auditor someone would run in their home to ensure their bitcoin finances are in check. Less entertaining than streaming television shows on an Apple TV, but perhaps producing greater satisfaction in the long run.


Source: https://www.coindesk.com/jonas-schnelli-wants-run-bitcoin-full-node/

Bitcoin Eyes Consolidation as Price Flirts with $14K



Bitcoin's price is back around $14,000 and is eyeing a short phase of rangebound trading.

Despite yesterday's bearish price action, the sell-off in the world's largest cryptocurrency by market capitalization seems to have come to a halt today.

As per Coindesk's Bitcoin Price Index (BPI), bitcoin (BTC) found takers at $12,878.60 (price at 00:44 GMT) and moved to an intraday high of $13,773.34. Soon before press time, prices were at $14,090 levels – that's up around 9.4 percent from the 12-day low of $12,878.

The sharp recovery indicates the markets may have digested reports of a trading ban under consideration in South Korea. Further, investors may have realized that South Korea is unlikely to announce the move anytime soon, if at all.

So bitcoin may have found a short-term bottom, but that doesn't necessarily mean the cryptocurrency is heading back to record highs, as fears of a Korean clampdown could remain in the air for some time yet.

While, BTC could have a hard time seeing big gains in the short-term, the technical charts do point to consolidation ahead.

Bitcoin Chart




The above chart (prices as per Coinbase) shows:

   - Despite the bearish price action, BTC defended the ascending trend line (drawn from Nov. 12 low and Dec. 22 low).
   - BTC caught a bid wave today after the bears failed to cut through the trendline support.
   - The 50-day moving average (MA) continues to rise in favor of the bulls.
   - A bearish crossover between the 5-day and 10-day MA, and the 5-day and 50-day MA (short term average cuts long term average from above).


Weekly chart




The above chart (prices as per Coinbase) shows:

   - The sell-off ran out of steam near the upward sloping 10-week MA (currently at $12,743)
   - The 38.2 percent Fibonacci retracement level of $12,573.88 acted as a strong in the last week of December. Further, last week's candle shows signs of bearish exhaustion near the Fibonacci level.


View

The bullish (upward sloping) 10-week MA, 50-day MA and the repeated bearish exhaustion near the 38.2 percent Fibonacci level of $12.573 indicates any dips below $12,000 are likely to be short-lived.

That said, the bearish continuation pattern (rising wedge breakdown confirmed earlier this week) and the bearish MA crossovers listed above are likely to keep BTC bears in the game. Thus, in the short-run, cryptocurrency could have a hard time holding onto gains above $16,000.

The odds of a fresh sell-off towards $8,000 would improve if bitcoin spends next few days consolidating in the range of $16,000–$12,000. Such a move would allow the 50-day MA to top out (shed bullish bias). So, bulls need to capitalize on the successful defense of the ascending trendline seen in the last 24 hours.

Bullish Scenario: A close (as per UTC) above the upward sloping 50-day MA, followed by a move above $17,174 (Jan. 6 high) before Monday could open doors for a rally to record highs over $20,000.


Source: https://www.coindesk.com/bitcoin-eyes-consolidation-as-price-flirts-with-14k/

It is never too late to invest in bitcoin because the people whose said it is too late to invest in bitcoin back in 2014 and now the ones biting their fingers for that mistake. So, don't be the next victim. Surely, the bitcoin is currently struggling due to some transaction issues and market corrections too. But very soon everything would be right.

Once the number of bitcoin reaches the maximum supply, I think the bitcoin value would grow higher because the bitcoin hodlers would be holding more and more. And as you know, the bitcoin price is driven by the market demand and supply. The bitcoin scarcity will start due to high bitcoin demand by the people. Therefore, the demand of bitcoin will be higher than the supply more than ever and that would catapult the bitcoin price to go beyond the moon, perhaps, to the last planet which is Pluto.  

There is no average limit to what you can start saving, you can start saving bitcoin by small and later continue adding more bitcoin until when you get a full bitcoin. Due to the current high bitcoin price a lot of people start saving bitcoin small by small up to the level where they can get up to a full bitcoin.

Where is your calculator? Everything in life is a mathematics!
Calculate between your present job vs. bitcoin, which one is better and more profitable.
Once you find your answer don't tell anyone. Trust your guts, make your decision and move on.    

No. it is not possible to increase the number of bitcoin supply because the original bitcoin was written to mined only 21 million bitcoins. To change that, that means you have to write new source code of the bitcoin software and install it on the original bitcoin core which would make bitcoin lose it current credibility in the market.  

Yes, bitcoin is on the verge of becoming full mainstream because everybody knows about bitcoin.
The only thing left is for the governments everywhere in the world to start accepting bitcoin as a digital store of value like gold.   

Bitcoin was originally invented as a digital currency to change the traditional fiat currency for good, but due to the bitcoin limited supply and high demand, the people started hodling bitcoins as a digital store of value, as an investment. The demand of bitcoin is higher than the supply which is only 16.7 million bitcoins in circulation worldwide. that is why the bitcoin price will continue to grow in the future.