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Author Topic: What is the basis of bitcoin?  (Read 480 times)
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March 30, 2018, 11:50:17 PM
 #21

At the heart of the Bitcoin system are not gold or confidence in the emission center, but mathematical calculations. There is a clear and understandable algorithm by which crypto-monet extraction takes place. No one government or the Central Bank can change their meaning. Today this client is used by people on the whole planet, and practice confirms that the program rejects everything that is slightly different from the given algorithm. Its code, as well as all programs, are open to everyone. Therefore, any person can be convinced of their following the given algorithm. Moreover, you can create your own client and if it functions on the principles of Bitcoin, then it can be used to perform a variety of operations.
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March 30, 2018, 11:50:29 PM
 #22

Bitcoin is the first example of Cryptocurrency, which is produced by people and businesses around the world using advanced computer software that solves math problems.

Bitcoin can be divided so that growth potential for exchange media is a decentralized method. one of the most exciting discoveries that come Bitcoin project users.

That's why Bitcoin still exists because of the good reputation of how Bitcoin is managed by generous creators. and the quality and value of Bitcoin is the basis why Bitcoin more investors and capitalists invest in the Bitcoin business.
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March 30, 2018, 11:55:54 PM
 #23

The basis of Bitcoin as a method of payment. While the increase in price or decrease in Bitcoin price is supported from market demand and supply. The point Bitcoin is ceyptocurrency that has fluctuative properties, according to market demand.

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March 31, 2018, 12:17:00 AM
 #24

The basis of the rise and fall of prices is usually caused by positive and negative news stories that can be made about the bubbles and the money that occurs.

And please include the investor and ther panic selling of their coins. It can also affect the rise and low of rate of bitcoin. So if you're a holder, please learn to be patient and not be a panic investor. Don't sell it because it's low, the possibility of it to increase the rate. It depends on your decision though, just be chill.


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March 31, 2018, 12:25:30 AM
 #25

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.

Bitcoin attracted many people to invest because bitcoin is like gold in digital world. Many people believe bitcoin will become single currency on internet and people around the world will using it to make transaction on internet

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March 31, 2018, 12:53:05 AM
 #26

bitcoin is the world's first digital currency. bitcoin using peer to peer systems does not require intermediaries. decentralized means not centralized and not controlled by any government, and uses blockchain technology.

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March 31, 2018, 01:15:54 AM
 #27

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
investing with bitcoin is advantageous if we can make use of it and be practically transparent but we also need to know also the shortcomings of bitcoin investment in price and its value is not certain the value and the exact price
p

In my own opinion, as days go by the market value of Bitcoin goes down maybe it because some of the investor are still confusing. When you invest in Bitcoin as of this time think that you will invest  an amount which you can afford to lose.
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March 31, 2018, 01:23:23 AM
 #28

many basic factors that make bitcoin prices up or down. first is the news, this strongly supports bitcoin price up or down. if the news about bitcoin is very good. surely the price will tend to go up and up. and going the other way around. second is the chart. this is second support, when there is no news about bitcoin. the whale will communicate with the candle. and confirm the price up and down. third is whale manipulation. this is when news and charts do not support.


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March 31, 2018, 08:55:28 AM
 #29

Since our scales of comparison of are still linked to Fiat currencies I'm assuming what you meant by the rise and fall is how it's worth stands against a currency such as the US dollar. You could have meant to ask about the factors that are involved in the rise and decline of its value. One interesting piece of information about Bitcoin is that it can either go up or down or go down within the 10 minute period that it is being within, Causing a complication for both sender and receiver.


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March 31, 2018, 11:40:53 AM
 #30

As for the smooth decrease in the rate of bitcoin, it occurs in a downward long-term trend in small-volume trades. The speed of reducing the cost of bitcoins is affected by bad news, as well as by experienced players with large assets.
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April 07, 2018, 03:16:22 AM
 #31

Bitcoin through price increases and higher is also down, but from the cycle you can take advantage if you are proficient in tranding..
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April 07, 2018, 03:24:34 AM
 #32

Probably it could be economics law of supply and demand where if bitcoin's demand is high then surely bitcoin's price will increase. On the other hand, if bitcoin's supply is more due to some investors had dump in effect price could possibly decline. Another factors contributing to bitcoin's dip were FUD and negative news that could affect bitcoin in general since bitcoin is volatile in nature.

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April 07, 2018, 03:37:19 AM
 #33

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
Only money can make the value of bitcoin increase or decrease. No one can manage bitcoin and bitcoin is considered as a tool to transfer money from one person to another.
So the higher the capitalization of the bitcoin, the more people invest in bitcoin, the bitcoin price will be higher. That is according to my experience and understanding. Hope it will answer your question. Wink

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April 07, 2018, 03:45:40 AM
 #34

Bitcoin is digital money used for the secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government, instead it is an open network, which is managed by its users. Much in the way email improved communication by making it fast and cheap, bitcoin is an improvement on existing payment methods that were not designed for the Internet age.
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April 07, 2018, 03:50:20 AM
 #35




                       IMO OP you must avoid creating threads like this, you can try to read and look for answers here and outside the forum without creating threads around, this may seem rude but this has been talked a lot in this forum and FYI the moderators already posted some guidelines and some rules to all the newcomers.


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April 07, 2018, 03:57:02 AM
 #36

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.


BTC is a first peer-to-peer distributed and decentralized digital currency based on cryptography. It's introduced by an anonymous "Satoshi Nakamoto" in 2009 ( see its whitepaper to learn more). Its price goes up and down like any trading item gold, silver, oil, equity goes up and down.
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April 07, 2018, 04:01:06 AM
 #37

The basis of Bitcoin as a method of payment. While the increase in price or decrease in Bitcoin price is supported from market demand and supply. The point Bitcoin is ceyptocurrency that has fluctuative properties, according to market demand.
Indeed at first bitcoin is enabled like that but because bitcoin price is getting higher and fee or transaction also longer is it still suitable if bitcoin become concept of a payment?

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April 07, 2018, 05:47:54 AM
 #38

Bitcoin it's the first digital currency and cryptocurrency. The bitcoin price depends on the amount of bitcoin purchased or invested.
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April 07, 2018, 06:16:54 AM
 #39

Bitcoin is the first cryptocurrency and payment system in the world. This is a digital currency is a global phenomenon which is a digital currency is a system used to send and receive money via the internet to any destination of the world that has access to the internet. it does not require a third party. As I know the basic rise in bitcoin prices and down is investors. So if the alternative cryptocurrency / coin drops because bitcoin down.
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April 07, 2018, 06:28:27 AM
 #40

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
The price of bitcoin depends on market.
If theres a lot of investors bitcoin price will rise.
Also the supply and demand also help the price of bitcoin to increase.
Bitcoin has only limited supply so once the supply is decreasing the value of it increases,
Also when alot of bitcoin holders panicked and sell their bitcoins it could make the market value decrease.
There's also an effect to the bitcoin price if some huge bitcoin holders countries decided to banned bitcoin.
As the value decreases it has a good and bad effect.
The new investors woult take it as an oppurtunity to invest while the bad is that the old bitcoin holders will suffer alot if the value decreases.
Also most of ICO's will suffer if the price of bitcoin decrease.

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