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Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.
What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.
Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.
Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.
Note: This is my only opinion, if you have any opinion you can also share it.
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. |
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Other notable investors investing in Bitcoin include Cameron and Tyler Winklevoss (Harvard graduates have sued Mark Zuckerberg for suggesting that Facebook is based on their ideas). The twins bought a total of $ 11 million in Bitcoins by 2013, equal to about 1% of all bitcoins in circulation at the time. When the value of Bitcoin reached over $ 11,000 in early December, the twins were declared the first Bitcoin billionaire. They have suggested the SEC create a bitcoin investment fund, however, the SEC rejected the idea.
Another investor and entrepreneur, Erik Finman, invested $ 1,000 in Bitcoin at the age of 14 and has now become a millionaire.
Everyone knows, the richest billionaire's title with billions of dollars worth of money is occupied by Amazon boss Jeff Bezos. However, not many know if there is currently the first Bitcoin billionaires in the world. the position is occupied by the handsome twins Tyler and Cameron Winklevoss or known as The Winklevii. The identical twin man is now 36 years old. as Bitcoin's exchange rate continues to soar, both are now the first billionaire Bitcoin with a fortune of more than US $ 1 billion or equivalent to Rp 13.5 trillion. just know, since both of them invested in Bitcoin in 2013, to date Bitcoin exchange rate has jumped 10 thousand percent . |
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Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
There are several factors that cause the value of Bitcoin plummeted that a number of banks in the United States, Britain and China perform a digital currency boycott (cryptocurrency). in fact, Chinese authorities will restrict virtual exchange platforms especially those involving parties outside of China. major financial institutions such as Bank of America, Citigroup, JP Morgan, and Llyods Banking Group have agreed to ban the purchase of bitcoins with their credit cards. Investors should be wary of investing in cryptocurrency and must abide by commission orders |
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How common is Bitcoin in Asia? Just want to know  Bitcoin looks promising in areas where the banking sector and payment systems are not so developed, including Southeast Asia. seeing funding from global VC firms flowing to Bitcoin startups shows that most investments are invested in basic infrastructure projects such as Bitcoin, which has so far received USD 106 million of total global funding. Bitcoin adoption in Southeast Asia is somewhat speculative Bitcoin adoption in Southeast Asia is currently low and mostly driven by speculation in small quantities |
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Hello guys.
I am newbie here and I want to know that what is fork?and what is Bitcoin gold and Bitcoin cash?
And BCG and BCC have any connection with fork?
What is a fork? A fork is a Branch in a blocking chain, which serves as the beginning for a new crypto currency based on what is already available. actually, you can create a fork based on the existing crypto currency, because the developer does not need any thoughts or fantasies, because copying is much easier than creating it yourself. and at least you can split a fork in the crypto world-any currency, so it was decided that the most popular crypto currency for such an experiment is bitcoin . |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
From some sources in the media it appears that this ban is due to government concerns in some countries will tax fraud, worry about Cryptocurrency fraud, bitcoin hacking and avoid money laundering. digital currency tension becomes a crucial point of global demand for digital currency transparency . |
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Well obviously no one knows... or very few people know (I still think that there are a couple original bitcoiners on this forum who are 99% sure that they know who Satoshi is). Whats your favourite theory? Mine is that it was John Nash  Please provide some proof for your theories. Would love to look into them! Satoshi Nakamoto is a term used by an unknown person and is a bitcoin designer and the result of its original application refers to Bitcoin Core . |
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Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?
Can be said bitcoin is a new era of currency because the notion of Bitcoin As A New Currency In The Internet World. Lately, BitCoin is busy talking about. biCoin is the virtual currency of the web and is an exciting economic experiment where many people now use it to buy goods (real items). Simply put, BitCoin is cash on the internet, where there are no banks, credit cards, fees or concerns about identity theft that are rife in the online world. Some people call it Cash for the Internet . |
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What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is one cryptocurrency which is basically a digital currency. This currency of form and storage is digital. The inventor of Bitcoin for the first time was a / programmer (not yet certain-red) programmer who used the name Satoshi Nakamoto. bitcoin can be used to purchase various services such as games up to website hosting. For now, the number of services receiving Bitcoin is still quite limited |
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China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me? This is the news link I saw before： http://www.myzaker.com/article/59bf055a9490cb703500002b/There are several reasons why the Bamboo Curtain country (China) forbids Bitcoin. Virtual currencies are hard to control Bitcoin exchange rate up and down purely following the market mechanism. Easy to use for fraud For some people who understand the movement of Bitcoin, it could be a profitable investment. Destroying the investment world Bitcoin is potentially bubble and breaks out after a lot of popularity and lots of people want to have. 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 their own virtual money It is not impossible that China wants to create its own cryptocurrency that can be government legality. Used illegal transactions Bitcoin transactions are difficult to trace . |
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A Bitcoin wallet is a product program where Bitcoins are put away. To be actually exact, Bitcoins are not put away anyplace; there is a private key (mystery number) for each Bitcoin address that is spared in the Bitcoin wallet of the individual who claims the adjust. Bitcoin wallets encourage sending and getting Bitcoins and gives responsibility for Bitcoin adjust to the client. The Bitcoin wallet comes in many structures; desktop, versatile, web and equipment are the four fundamental sorts of wallets.
DEFINITION OF BITCOIN DOMPET. Wallet Bitcoin, is the place (purse) of Bitcoin storage. Somebody, will not be able to have Bitcoin without Bitcoin storage (Bitcoin Wallet / Wallet Bitcoin). Bitcoin wallet function is to store some cryptographic keypair, or more commonly known as "Bitcoin Address" (Bitcoin address) . |
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I have heard from friends who invested in Bitcoin and read in some blogs that 1 Bitcoin is equivalent to 1 Million in Philippine Peso. However, considering the inflation rate, as well as the law of supply and demand, does the value of a Bitcoin change? How much is 1 Bitcoin worth?
Exchange rates of bitcoin digital currencies are now continuing to rise in a short time interval. Now, the exchange rate of 1 bitcoin is 4,135 US dollars or equivalent to Rp 55,1 million. The increase occurred in a fast tempo. about two days ago, exchange rate of one bitcoin is still below 3,700 US dollars or about Rp 49.3 million. Then later almost one day later, the value is up to 4,000 US dollars or approximately USD 53.3 million . |
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From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.
Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.
This year, the outstanding Bitcoin only amounted to US $ 21 million or equivalent to Rp286 billion. While gold, until now not known how the total number of overall, so the price can be manipulated. bitcoin has limited value, while gold will continue to be mined all the time. The amount of gold may be limited, but unpredictable in value. Unlike Bitcoin which has a mathematical grip that can be calculated, so more stable and difficult manipulation . |
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Can you please some hidden and secret reasons behind the price of bitcoin volatility? I am just wondering, what reason there could be beside demand and supply thing. Please explain with your logic.
why is bitcoin prices so unstable? This is because the bitcoin price fluctuations in various international and local bitcoin markets such as coinbase, bitstamp, kraken, btc china, bitcoin.co.id and others are driven by many factors. such as volatility in bitcoin markets that do not yet have an accepted index generally, since cryptocurrency as an asset class is still in its nascent stage. however, bitcoin is able to experience volatility in the form of a 10-fold price change against the US dollar currency with such short time changes |
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We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
Bitcoin is not only a good and powerful payment system but also a permanent data storage. Because it is decentralized and distributed, it is very difficult to shut it down or damage data passing through the network. it allows us to certify any document or text in a way that has been proven cryptographically. |
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What do you think is future of Blockchain technology? Where do you see this in next 8-10 years?
Why is blockhain referred to as the future? Because blockchain has been known as a program to record financial data digitally, and widely used in the banking sector. so all the finance and non-financial industries can use and apply blockchain technology to record all their company data into a secure system without the need for centralized servers. blockchain technology is the solution of the future because the technology can be used for various industries in various fields and very useful. "The blockchain can be used for electronic medical records, it can even be used to trace our DNA forever that it is ours and not used for things we disagree with |
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Bitcoin isn't attached to a state or government, so itu doesn't have a central issuing authority or regulatory body, bassically, that means there's no organizational deciding when to make more bitcoins, digiring out how many to produce, kering track of where they are, so how does bitcoin work as a currency ?
How bitcoin works Unbound to the bank or government and allows its users to shop without revealing their identity. This coin was created by users who "mine" their currency by lending computing power to verify other user transactions. They accept bitcoin in return. These coins can also be bought and sold by swapping US dollars and other currencies . |
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How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.
As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:
- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions
What do you think ?
Do you hold like you holding the gol a decade ago ?
Yes bitcoin is new gold, gold in digital form It is not wrong to analyze Bitcoin as gold in digital form. Because to get it, you have to "mine it" first. the way is to solve a math problem that involves a series of complicated algorithmic calculations on the computer . |
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Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
All this time Bitcoin currency is known to be made by Satoshi Nakamoto, but nobody ever knows who the mysterious figure is. His name is like a Japanese citizen, but many who doubt that he is as the name. recently Australian police have reportedly raided a house that allegedly became the residence of the founder of Bitcoin. The house is home to Craig Steven Wright, and based on Wired's site search, he is strongly suspected to be the brains behind the making of the Bitcoin currency . |
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I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
The following list of countries that prohibit the use of digital currencies such as bitcoin as a means of payment and legitimate transactions 1. Nigeria, since 17 January 2017. 2. China, since January 8, 2017. Reason: will issue its own digital currency 3. Colombia, since 31 December 2016.reason: worry fraud cryptocurrency 4. Taiwan, since November 3, 2015. Reason: bitcoin hacking 5. Ecuador, since March 24, 2015. Reason: will issue its own currency 6. Bangladesh, since 22 September 2014. Reason: avoid money laundering 7. Kyrgyzstan, since August 4, 2014 8.bolivia, since 19 June 2014 9. Vietnam, since February 28, 2014. Reason: can be used for crime and high risk to investors 10. Russia, since February 9, 2014. Reason: bitcoin is used for illegal activities 11. Thailand, since July 30, 2013. Bitcoin is not a currency 12.marocco, since November 2017 13. South Korea, since December 13, 2017. Reason: to control its finances 14. Singapore, since 29 September 2017. Reason: arising constraints between financial companies Nepal, since 2017 16. Indonesia, the ban applies 2018. Reason: high-risk natural bubble 17.Israel, starting 2018. |
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