Bitcoin Forum
December 13, 2019, 01:35:36 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 »
1  Bitcoin / Bitcoin Discussion / Why Cryptocurrency is better than fiat currency? on: Today at 06:08:02 AM
I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised.
2  Bitcoin / Bitcoin Discussion / Re: Interesting graph: The payoff of early investment: Stocks IPO vs BTC on: Today at 05:59:34 AM
how do you guys put image on bitcointalk? i cant figure out, it keeps saying invalid host when i use imgur
3  Bitcoin / Bitcoin Discussion / Interesting graph: The payoff of early investment: Stocks IPO vs BTC on: December 12, 2019, 04:07:43 PM
The ROI of BTC is just insane! Best investment to beat inflation...

https://imgur.com/a/xh7mkff
4  Bitcoin / Bitcoin Discussion / Re: Anyone else notice that when share market down, crypto price goes up? on: December 12, 2019, 03:55:18 PM
Coinmetrics has some interesting charts to see the correlation between the prices of two different assets. Most are crypto related, but there are a few traditional assets such as Gold and S&P. The latter is the most approximate entry to compare to, of those available.

In order to see the correlation factor at work, I’m comparing BTC/S&P and BTC/ETH on the same chart:

https://coinmetrics.io/correlation-charts/#assets=btc-s&p,btc-eth

The chart shows a strong positive correlation of between BTC and ETH, even more so since April 2018 with a value of around 0,8 (maximum is 1 on the scale).

On the other hand, the hypothesis of the OP should show a significant negative correlation between BTC and S&P, meaning that when one goes up the other goes down and vice-versa. The closer the correlation to the value of -1, the more negative correlated they are. Nevertheless, the correlation factor between BTC and S&P flips positive and negative, with values within +/- 0.2, which is a weak to negligible correlation with variable direction.

At least with S&P, the hypothesis does not seem to stand as valid.

Additional: https://coinmetrics.io/correlation/


That's a useful graph, pretty consistent with my frd from OKEX claims
5  Bitcoin / Bitcoin Discussion / Re: Anyone else notice that when share market down, crypto price goes up? on: December 12, 2019, 08:39:00 AM
Let's put it this way, the stock market is inversely correlated to cryptocurrencies price, do you agree?
6  Bitcoin / Bitcoin Discussion / Anyone else notice that when share market down, crypto price goes up? on: December 12, 2019, 07:54:46 AM
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
7  Bitcoin / Bitcoin Discussion / Re: Were there attempts to create a thing like Bitcoin before Satoshi Nakamoto? on: December 06, 2019, 10:13:32 AM
Aliens gave this technology to us! ask Satoshi Nakamoto, he will know.
8  Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies? on: December 06, 2019, 10:10:46 AM
do you know how fast cryptocurrency exchanges grow? if they dont regulate them, they will overtake the gov in no time .
9  Bitcoin / Bitcoin Discussion / Re: Have there been any money laundering schemes that used cryptocurrency? on: December 06, 2019, 10:08:57 AM
Do you think exchanges get hack is an accident? it's an inside job bro.
10  Bitcoin / Bitcoin Discussion / Re: What other uses does Blockchain have aside from Cryptocurrency? on: December 06, 2019, 10:06:51 AM
Many others, like insurance network, DAPP, web broswer, crypto exchanges , DEX
11  Alternate cryptocurrencies / Altcoin Discussion / Re: You think that governments might adopt cryptocurrencies to replace fiat currency on: December 06, 2019, 09:19:33 AM
 Kiss Kiss

I really hope it will replace fiat,so that we can all escape this shitty taxation system = )
Gotta purchase some Bitcoin from my fav exchange OKEX.
12  Bitcoin / Bitcoin Discussion / Re: You think terrorist groups around the world use Cryptos as a means of payment? on: December 06, 2019, 09:17:20 AM
I think it definitely has contributed to the volume but I don't think it is a lot since most exchanges like OKEX would have KYC application to traders. OKEX
13  Bitcoin / Bitcoin Discussion / Re: Would it be realistic for the world to run on cryptocurrencies? on: November 29, 2019, 03:21:50 AM
that would be quite realstiic i wuld say, crypto is growing fast and in 20 years there will be a turning point where the whole world adopt crypto, bitcoin,okex
14  Bitcoin / Bitcoin Discussion / Re: Are there any countries that accept cryptos as an actual method of payment? on: November 21, 2019, 11:21:05 AM
Japan , korea, the US are also taking is as a method of payment.
15  Bitcoin / Bitcoin Discussion / Re: Do you think that governments might one day ban Cryptos? on: November 21, 2019, 11:19:01 AM
I dont think they will, but they will try every bit of effort to privatize crypto. cheap ass chinazi. 
16  Bitcoin / Bitcoin Discussion / Re: Are there such things as Crypto-currency heists? on: November 21, 2019, 11:17:28 AM
Bud, those are physical assets, crypto is virtue asset, unless you are storing your BTC on a cold wallet and so happen that guy know your private key, they can then steal from you.
17  Other / Beginners & Help / Re: How do people decide to create Cryptocurrencies? on: November 21, 2019, 11:14:19 AM
Because they want a fair exchange of things and get rid of the taxation system, so they created BTC.
18  Bitcoin / Bitcoin Discussion / Re: Would it be possible to use Cryptocurrencies in China? on: November 21, 2019, 11:12:46 AM
Yeah, BTC is available but the market is restricted, you gotta provide your ID to buy everything.
19  Bitcoin / Bitcoin Discussion / Re: Is it advisable to use cryptocurrency to support my favorite content creators? on: November 21, 2019, 11:10:36 AM
defintely do that! So kind of you, as a token of appreciation, I give you this tips
20  Bitcoin / Bitcoin Discussion / Re: Do you think that cryptos such as Bitcoin would be mainstream? on: November 12, 2019, 04:06:13 AM
I think bitcoin is already mainstream.... nothing is more mainstream than that Lol

Sent from iPhone (okex)
Pages: [1] 2 3 4 5 6 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!