Bitcoin is almost, but not entirely different from gold. The only similarity between bitcoin and gold is that, for both things, individuals sometimes exchange goods and services, or tokens representing goods and services.

The difference between 2017 and 2020 is the kind of investors who, with increasing demand, enter the crypto space and drive prices up. In 2017, retail investors such as your aunt or neighbor, who had zero ideas about bitcoin and blockchain technology, but felt they were the next warren buffet, were driving the price increase.

Indirect and directly, the current bull run is led by institutional players who know what they are investing in. Shortly before the current boom, in the current financial recession, several firms such as square or MicroStrategy made headlines in the news for investing several hundred million dollars in bitcoin as a hedge against inflation.

Bitcoin will continue to be the top crypto currency, The use of bitcoin will be legalized by many governments and they will also produce their own crypto currency. Bitcoin is digital money, and money can survive for a long time, but it will not die, but it will evolve. Bitcoin will be used in many different ways in the future, and it will be something for every person using it.

I always say that the rise in bitcoin prices in 2017 is very different from the increase in prices in 2020. Because there was hype when 2017 was bitcoin became a bubble, and finally, the rise in 2017 was also a lot of FOMO. Bitcoin's price eventually fell back to a low price in 2018, very different from the current bitcoin price, when bitcoin managed to go up to $22,000 compared to the current bitcoin price. FOMO wasn't responsible for the increase in bitcoin in 2020, but many big investors are interested in investing in bitcoin. This convicted me that until 2021, the bitcoin price will continue to increase.

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I like the following very informative books :

Mastering Bitcoin by Andreas Antonopoulos

Digital Gold by Nathaniel Popper

Wildcat Currency by Edward Castronova

Blockchain by Melanie Swan

In my view, this is only possible when every person on earth stops using or investing in the bitcoin, which is almost impossible, because there are some hardcore bitcoin believers as there are believers that bitcoin is ponzi scam. So I think we won't see bitcoin stopping in our lifetime or perhaps some other currency like Ethereum would replace it.

We've been waiting for a bitcoin free land for a long time. The truth is, you can't regulate bitcoin. It doesn't matter what the government does at the end of the day. Bitcoin is likely to be accepted by the people, but not by the government. This is the current situation of bitcoin.

A non-fungible token(NFT) is a special type of cryptographic token that represents something distinctive, non-fungible tokens are not mutually interchangeable by their specification.

To generate verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms, non-fungible tokens are used.

By using a P2P exchange that does not force KYC and allows for more private payment methods, it can be achieved to buy bitcoin anonymously. You can maintain a greater degree of privacy when you buy bitcoin with cash in person or use stuff like gift cards.

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Like other technical indicators, RSI has user defined variable inputs, including determining what levels will represent overbought and oversold conditions, therefore, can be used to confirm any signals that the moving average produces. Opposing signals may indicates that the signal is less reliable and should be prevented from trading.

The first thing you should keep in mind when it comes to exchanges is its security, liquidity, elegant interface and good support system. I can suggest that one of the best cryptocurrency exchange is binance.

Binance is an exchange of cryptocurrencies that provides a platform for trading different cryptocurrencies. The exchange fee is really competitive, smooth and fast, compared to other existing major exchanges. Binance has gained a lot of popularity in a short period of time and is is because of the low and competitive exchange fees.

If you send BTC to the LTC address or the opposite, as you will have the same private key stored in the BTC seed, and you paste the same private key in the LTC wallet to get the coins.

The same hash functions is not shared by bitcoin and litecoins.

Cryptocurrency is still a fairly volatile investment, and its a gamble, some people would even say. It is important to understand how bitcoin market caps and other cryptocurrency market caps actually work before investing in anything, especially bitcoin and cryptocurrency. You also need to understand what your real risk are and be comfortable with the change of losing cash.

Russia's users of localbitcoins are already turning to VPNs to mask their location. in an era where VPNs have become quite common. For Russians, given the constant retractions imposed by the regulator, VPNs are particularly critical.

If you care about security, then Bittrex is surely one of those.

Bitcoin is a digital currency of transnational origin. Its value comes primarily from being the first digital currency over which no single individual, organization or authority has control. Bitcoin has no limits, it is a network that is open and peer to peer. Which is secure and without friction. Without a third party, it enables smooth transaction and gives users a unique key known as a password. This, at the same time, makes bitcoin unique, secure, private and open.

Bitcoin is not a ponzi scheme.

Bitcoin is a worldwide payment system and crypto currency, Bitcoin has been unpredictable. So you have a decentralized volatile currency that uses technology that most people do not understand and right now it is parabolic. You either fall into one of two camps. You either assume it's going to continue to grow in value and you can make money off it, or you can think it's going to crash and burn.

Bitcoin has, no doubt seen its ups and down. It it's stock market or a crypto market, almost everything is vulnerable to both lows and downs.


Speaking about bitcoins potential, no one cab say anything for sure. But having said that, it is most likely that the future of bitcoin will only rise.