yes it is true with such circumstances the media will be negative against bitcoin views

this is just what I experienced with bitcoin that can advance the economy and advance the future and it will be much easier

I think it's true to remember about the rising bitcoin current

yes this is very influential on the economy .. and this will soar in the future as a digital currency

I think this can help our economy in all aspects

I think bitcoin can not be said to be stable because of many factors that can increase and decrease the price of bitcoin

yes I strongly believe and this will bring great benefits to the economy and transactions

In its journey, Bitcoin became the virtual world currency. Bitcoin (BTC) transactions exploded and shocked. The product is selling well and becomes a prestige of individual wealth in the international world. The Bitcoin Organization of Indonesia says the total value of all BTCs in circulation penetrates US $ 1.5 billion with Bitcoin exchange transactions worth millions of dollars every day, even though only four years has been declared publicly. In the United States alone the circulation of Bitcoin reaches 35 percent of the circulation of Bitcoin worldwide. While China 5 percent and in Indonesia is still about 1 percent.

The value of Bitcoin is also astonishing. Initially 10,000 Bitcoin was only worth two pieces of pizza when tested first traded in January of 2010. That means 1 BTC valued US $ 0.0025 equivalent to Rp23 using the January 2010 rate at the level Rp9.200 or Rp33.75 with the exchange rate Rp13.500 in the medio February 2016. Now with a total of 10,000 BTC, the coffers of money can soar to US $ 3.9 million or equivalent to Rp52.8 billion using the highest exchange rate of Bitcoin on February 12, 2016 for US $ 391.24 per 1 BTC.

Nominal growth is already relatively normal. Price 1 BTC has jumped to Rp1.216.73 on MT Gox Exchange on November 17, 2013. But at other times a Bitcoin is only worth US $ 13-US $ 100. Bitcoin prices have plummeted to a range of US $ 500 per BTC from US $ 1,100 per BTC when the Chinese Government banned the use of Bitcoin or even free fall to US $ 3.50 when Bitcoin MT.Gox and MyBitcoin agents hacked into hackers that led to leaked information and theft of the virtual currency .

But in other periods the price of Bitcoin could soar to US $ 1,242 shortly after the Senate and the United States Government affirm for the first time that Bitcoin innovation should not have any obstacles in its developmental process.

Bitcoin exchange rate fluctuations are closely related to world economic policies including the regulation of a country, the perceptions of hope and worry (panic) of Bitcoin owners and the number of Bitcoin demand and supply in the market.

As bitcoin demand grows, it can boost price increases and when demand for flagging prices weakens. Bitcoin is limited in number and new bitcoin is made with predictable levels with a downward trend, so that demand must follow the inflation rate to keep prices stable.

Bitcoin was once named the currency of the year, then crowned as the best investment of the year. [But] has also been named the worst currency or the world's worst currency when the price falls.

However, many of Bitcoin's pessimists will be able to shift the conventional currency both locally and globally. The reason is Bitcoin has a problem because it has no underline and is not centralized. In addition, Bitcoin also does not have a deposit and credit mechanism like any other currency.

Poltak Hotradero, Head of Research Division of Indonesia Stock Exchange, said that the use and status of Bitcoin is just as an alternative currency that is used by a group of people. In terms of function, bitcoin is considered only able to meet a small portion of the function of currency that is as a means of payment.

"So I'm not saying that Bitcoin is only for hobbies, but its use and status as an alternative currency will only continue to be an alternative. Because Bitcoin to date is only a form of payment only to fulfill some of the functions of a number of functions of all currencies, "he said.

Poltak added that the utilization of Bitcoin that does not require banking institutions is also considered not to be able to shift the banking function, because the exchange rate is very volatile. "Though on the cheap transfer side but the exchange rate risk is very high. So I do not see that Bitcoin can men

-The price fluctuation in the Bitcoin spot rate on the Bitcoin stock is driven by many factors. Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX). Volatility in Bitcoin does not yet have a generally accepted index because cryptocurrency as an asset class tends to be new in the business world, but we know that Bitcoin is capable of volatility in the form of price changes 10x versus US dollar, relatively short periods of time. Behind Bitcoin Volatility:

I think there are many factors .. and what I know about the unstable factor of bitcoin is. Strongly Affected By Various News
One factor that affects the instability of bitcoin values ​​and prices is the presence of news that seems to frighten bitcoin users, including geopolitical events and government statements that bitcoin is likely to be regulated. Here, there are many headlines in finance and finance that generate fear for investors. One of the headlines that severely affected the bitcoin price was the news of the bankruptcy of Mt. Gox in early 2014. In addition, there is also news about the use of bitcoin for drug trafficking transactions through Silk Road which ended with the closing of the market by the FBI in October 2013. From these two incidents eventually led to a public panic that ensured the value of bitcoin fell to the eye fiat money or dollars very quickly. But behind all that, investors who still like bitcoin see that both events are just proof that bitcoin market is mature.

Perceive Palue of Bitcoin Fluctuates
One of the reasons why bitcoin fluctuates against fiat currencies is the value of perceived palue versus fiat currency. This, making bitcoin has properties that make it similar to gold. This statement has been regulated and decided by bitcoin core technology developers, in order to limit production to a fixed amount of 21 million BTC. Of course this is very much different from fiat currency managed by the government. Here, the government wants to maintain low inflation, high employment and satisfactory growth through investment in capital resources.

Too Many Factors in the Perception of Asset Value and Value of Bitcoin
Bitcoin price instability is also driven by various perceptions of intrinsic value of cryptocurrency as a store of value and value transfer methods. The function of bitcoin as a store of this value is to store assets that can be useful in the future by considering several possibilities. Later, the storage value can be stored or transacted with goods or services in the future. Whereas, the value transfer method is an object or concept used to transmit property in the form of an asset from one party to another. Because of these two factors, the bitcoin spot price varies against the dollar and other fiat currencies.

Small Option Value for Currency Class Investors Kakap
In addition to the perceptual factor of asset value and bitcoin value, bitcoin volatility is also driven by holders of a large proportion of the total currency in circulation. Because, for bitcoin investors with more than $ 10 million in ownership, it is not clear how they will liquidate a large portion of bitcoin and turn it into a fiat currency without moving the market.

Tax Implementation Affecting Price Volatility
The IRS (United States tax agency) states that the currency is one of the objects of taxation purposes that have a mixed effect on volatility, especially negative effects. On the negative side, the IRS says property has 2 negative effects. First, additional complexity for users who want to pay via Bitcoin.co.id. Under the latest tax laws, users should record the currency market value of each transaction and no matter how small. In fact, this is what can cause some problems for its users. Second, the decision to mention bitcoin as a property for tax purposes could be a signal to some market participants and stated that the IRS is preparing and implementing stronger rules in the future. Given this stronger regulation, it will cause the rate of currency adoption to be slow to the point where it can not achieve massive adoption that is essential to overall utility in society.

The Chinese government issued a policy prohibiting the transaction of initial coin offerings (ICO). The ban was issued not without reason.

 there are several reasons Bamboo Curtain banned Bitcoin transactions. Virtual currencies are hard to control
Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate, unlike the yuan against the US dollar. The government does not like something that can not be arranged.

Easy to use for fraud
For some people who understand the movement of Bitcoin, it could be a profitable investment. But for those who do not understand can be bandwagon and entrust the money to buy Bitcoin through any place so that there can be fraud.

Destroying the investment world
Bitcoin is potentially bubble and breaks out after a lot of popularity and lots of people want to have. Evidenced by its value that skyrocketed from Rp 10 million to Rp 60 million in just 8 months. When the bubble bursts and the price falls, the investor will be harmed.

China is the center of virtual currency transactions
Two of the world's largest Bitcoin markets exist in China. Imagine how much damage China suffered when bubble and break.

China wants to make its own virtual money
It is not impossible that China wants to create its own cryptocurrency that can be government legality. During this time many things are banned in China, in the end they make their own.

Used illegal transactions
Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities.

As is known paralocho, virtual currency or cryptocurrency of the most famous and valuable fantastic is Bitcoin and Ethereum. Two virtual currencies that run on the blockchain platform are said to be anti-manipulation has been traded in the stock exchange and has been accepted throughout the world as a means of exchange. Advocates of this virtual currency see that the future of the world's exchange tools is Cryptocurrency and is said to replace the Euro or USD as the world's safest and safest currency.

Having bitcoin means having ownership of shares or capital on this project. Therefore, anyone who has bitcoin is actually the investors who are investing their capital to achieve greater profits in the future. Let's say that 6 (six) years ago, investors in this area have made huge profits, let's take a look at the charts showing the prices of Bitcoin, Ethereum and all other virtual currency combinations.

Bitcoin and digital currency (cryptocurrency) are increasingly popular in Indonesia. Even in May, the exchange rate of one chip of BitCoin equivalent to 20 million

However, not a few people question the future of digital currency, especially related to price fluctuations and security of transactions.

In response, CEO of Bitcoin Indonesia, Oscar Dermawan stated that cryptocurrency is a remarkable technological achievement

yes very true with very profitable trading especially with bitcoin which is currently above very profitable

yes this is very necessary because it can cause problems and have negative impact for ourselves and our economy because of the false news in circulation

Bitcoin has been rising in recent months as its exchange rate continues to rise dramatically. But what exactly is the future of this cryptocurrency?

James Altucher, a technology investor, fund manager, and venture capitalist, writes 10 predictions about this digital currency. According to him, 98% of existing digital currencies fall into the category of fraud, but bitcoin, and a number of other digital currencies, have different cases.

Altucher calls bitcoin and a number of other digital currencies sometime will replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency.

For example, gold replaces barter systems as a means of transactions, and paper money replaces gold. Now according to Altucher, bitcoin and a number of other digital currencies will replace the paper money as a means of transaction.

Quoted from CNBC, Monday (4/12/2017), here are 10 predictions of bitcoin from Altucher.

1. At least there will be one country whose currency is dead, possibly Argentina or Venezuela. This will make the bitcoin adopters increase enormously, which will trigger an increase in bitcoin value to over USD 50 thousand when it happens.

2. The mainstream bank will receive bitcoin, and start offering bitcoin storage facilities. They will also create digital currency derivatives.

3. 95% of digital currencies other than bitcoin will disappear, just like when dotcom sites are booming. On the other hand, digital currencies that survive the exchange rate will increase dramatically. This will happen in the next four to six months.

4. The US government will quietly start accumulating one of the small digital currencies to facilitate transactions in gray areas with other countries. This is actually already beginning to happen, but it will only be big in 2018.

5. China will invest heavily in digital currency, though most likely not bitcoin. The Chinese government will want to have a competitive digital currency with bitcoin. Condition of the digital currency should be able to control them.

6. The main problem in digital currency is volatility, and this is predicted to decrease drastically in 2018.

7. More and more companies will pay their freelancers using digital currency, which will trigger tax reforms.

8. The digital currency will change the monopoly of a currency that is by the government of a country, just like the internet that changed the monopoly practice in the phone industry.

9. There will be new government agencies created to analyze digital currency regulation.

10. Thousands of digital currency companies will be created and will go public, but only a few can succeed.

I personally think it is impossible because it is something very important and very valuable and I think when we are afraid to forget the password we will write in a secret place or tell our relatives we trust to keep pasword purse bitcoin us and give it when we forget .. i think like that

Satoshi Nakamoto's name has been mysterious. No one knows who he is. However, Newsweek daily on Thursday (6/3/2014) claims that it has met directly with Satoshi Nakamoto, the founder of the Bitcoin.
Previously, in the middle of the Bitcoin community, many say that the name Satoshi Nakamoto is a pseudonym. Others say that Satoshi Nakamoto is the name of a group, which means there are more than one person.

However, in a report entitled "The Face Behind Bitcoin" published by Newsweek, Satoshi Nakamoto is named as the real name of a Japanese American citizen who is currently 64 years old and lives in California.

Newsweek journalist Leah McGrath Goodman, who made the report, claimed to have done research by interviewing developers working with Nakamoto in the early days of Bitcoin.

In addition, Goodman also claimed to have researched research, forensic analysts, and even talked with the Nakamoto family directly.

Although at first the Nakamoto family did not believe it, the description and the Goodman story fit the character of Satoshi Nakamoto in question, namely the founder of Bitcoin.

READ ALSO:
Dark Side of Digital Money Bitcoin This Official Attitude Bank Indonesia About BitcoinBursa Bitcoin Largest in the World Bankrupt
Nakamoto is known as a smart person and seems to have the right expertise 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).

Nakamoto himself chose to remain silent and try to escape when he found out that a journalist wanted to interview him. To Goodman, Nakamoto just said, "I'm no longer involved in it (Bitcoin), and I do not want to discuss it."

In addition, Nakamoto also said that Bitcoin affairs had been handed over to others, and he had no relationship whatsoever.

Nakamoto, as once KompasTekno wrote before, chose to leave Bitcoin. In April 2011, to his colleagues at Bitcoin, Nakamoto also sent a message that he "had moved on to do other things".

Since then, Nakamoto's name has disappeared and is not traced. Attempts to contact him by the Bitcoin activists did not reap the rewards.

Controversial

Now, reports from Newsweek are reaping much controversy, especially in the Bitcoin community itself, especially when Nakamoto's photos, homes, and addresses are published by Newsweek (later revealed). The publication is considered to violate Nakamoto's privacy.

Satoshi Nakamoto whom Newsweek encountered was not yet fully established as the founder of Bitcoin, despite the strongly revealed clues leading to it. Quoted from the BBC, Thursday (6/3/2014), Bitcoin community also questioned the method used by Newsweek in tracking Nakamoto's identity.

In Bitcoin and social media forums, Bitcoin activists expressed their doubts about Goodman's report. The report is considered fake by some commentators in the Bitcoin Talk forum. They also ask for evidence of Nakamoto's Bitcoin transaction if it is true that the man referred to by Goodman is the founder of Bitcoin.

Bitcoin appeared in 2008 when Nakamoto revealed his idea in online media about digital currency. This type of currency then gets a lot of attention in 2013 so its value is strong. In mid-December 2013, one Bitcoin is in the range of 710 US dollars.

However, lately, the currency is experiencing a downturn along with the problem of bankruptcy in some of the largest Bitcoin exchanges in the world.

if bitcoin always goes up then it can beat real money but still we need real money for now maybe later if everything is modern then real money may not be too useful and for the moment that i feel is bitcoin help my economy

In the economic field, there is something of value if examining the following two factors: scarcity and usefulness. Scarcity simply means something is limited. In the case of bitcoin, cryptocurrency has a set of top 21 million bitcoins.

Many analysts note that this set top makes bitcoin more desirable than other assets, even gold. That's because unlike gold, there's nothing to worry about with a digital Gold Rush. A treasure of bitcoin will never be "discovered," causing crypto prices to fall with the supply flow.

"There are millions of times more gold potential than has actually been extracted," said Tom Lee, head of research at Fundstrat Global Advisors. Lee is head of equity strategy at J.P. Morgan before establishing Fundstrates in 2014.

Ben Yu, a blockade expert living in San Francisco, said that technological advances also make gold easier to mine.

"Today we are mining gold at a rate four times what we did 100 years ago," Yu said.

So if bitcoin has scarcity, what about its usefulness?

Many believe that the use of cryptocurrency lies in its potential to be a more efficient commodity than we already have. Bitcoin proponents love it for a number of reasons.

First, bitcoin is decentralized, meaning that no government, bank or one person has control over it; Can not be overthrown by corruption. It is also trivially divided, meaning you can buy small items like donuts with as easy as you can buy a house or even a mansion. And finally, the code in it is open source, meaning it is available to anyone to view, research, and even modify. This means bitcoin continues to grow and improve.

None of these uses are intrinsic. And that's the bitcoin skeptic point that is often made. Gold, for example, is thought to have intrinsic value because of its applications in industries such as dentistry and electronics. Some even argue that the dollar bill has an intrinsic value, because it can be used as firewood or for writing.

But when you solve one of these claims, it becomes clear that gold and paper money also have no intrinsic value.

According to the World Gold Council, by 2016, only 15 percent of the gold is used in industry. The majority go towards making jewelry and gold bars and coins, items that have value especially because they are valuable trustworthy.

With banknotes, the Federal Reserve says it costs about 16 cents to make a $ 100 bill.

So the rest of the hundred dollars, $ 99.84, comes from the trust of the people in it.

It's hard to see the digital currency has value because you can not hold it in your hand like you can buy a dollar or gold.

As a solution, Lee said to think of bitcoin as a digital business.

"If you ask a baby boomer, 'Can you justify the value of anything that is a digital business?' they may not accept that Facebook, Google, Netflix, Amazon, Apple, this is the largest company in the S & P 500 and especially digital businesses built almost purely on digital trust, "Lee said.

"Anyone who considers digital gold is not a store value that points to the fact that most businesses today are built around digital trust, including the financial system."

Assess Cryptocurrency

It's clear that some people believe that bitcoin has value. And if it has value, it's hard not to wonder how much bitcoin it can be worth.

There are two main theories used to calculate the potential value of one bitcoin.

The first theorizes that bitcoin, which some consider it to be a better asset than gold, can replace some of gold or gold entirely. If replacing gold entirely, one bitcoin could be worth $ 357,000. That is calculated by taking all the gold value ever mined in the world, which is about $ 7.5 trillion, and dividing the total of 21 million bitcoin ever.

Lee told CNBC that it is more realistic to assume bitcoin will replace 5 percent of gold in five years, making one coin worth $ 25,000.

Lee's other theories are based on Metcalfe's law, which says that the value of a network is proportional to the number of users squared on the network.

For example, one phone is useless because you can not contact others with it. But its value increases exponentially when other people get the phone.

Studies have shown that Metcalfe's law applies to Facebook that uses data for 10 years. This also applies to Tencent, China's largest social media company.

Fundstrates view users in bitcoin networks and find that the square of this value accounts for 94 percent of the variation in bitcoin prices since 2014.

Many people think that bitcoin is a bubble, and it's predicted on the concept that bitcoin has no value. But there is reason to believe that it is not true.

By definition, bitcoins are rare. And cryptocurrency may have the advantage as the best way to store and exchange wealth.