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Author Topic: Bitcoin Fundamental Secrets, and You're Worth Knowing!  (Read 103 times)
cellard
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May 15, 2018, 07:00:51 PM
 #21

Anyone with enough money to move markets will be trading OTC and not under NSA-monitored exchanges like Coinbase, (and pretty much any exchange) so that's pretty obvious. The big sums never touch any of the these places so it's not known.

As franky1 said the actual amount of coins moving is extremely small, which further proves:

1) Bitcoin is used mostly as a store of value against inflation and co, so these people barely ever transact (yes, this is as legit of an use as transacting daily)

2) Given 1), these people don't care about "scaling" or at least don't have an urgent sense of doing so (unlike Gavin et al) and will reject anything that could add uncertainty to the market, such as a hardfork.

3) Given 1), any fork (such as BCH) is under a massive bear pressure at all times, given that the majority of people haven't bothered yet to dump it (and by 1)'s definition, their incentive is to do so).

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May 15, 2018, 07:25:00 PM
 #22

Bitcoin is getting popular day by day and the number of coins in the market is approximately 17 million coins are already mined. The few are left. I don’t know what will happen next after all this coins are over. But I hope that after the coins are over we will see some new magic’s in the market.

This is the most interesting thing about placing a limit on Bitcoin. It is probably one of the reasons of having a deflationary Bitcoin. Unfortunately our emotions won't let us to see things clearly. I think the idea is that Bitcoin continues going up as it gets scarce so that there is enough to serve the demands and when the limit is eventually reached?
If Bitcoin is corruptly (without consensus) stabilized at $10,000 how do you get more Bitcoin to buy if for example every Bitcoin owner is  saving/holding? Bitcoin is never going to be stable. Stabilization of scarce and valuable commodity is very artificial (introduce by man) and unsustainable. It's either no limit is placed (like ethereum) and price is kept stable OR a limit is placed with the deflation (like Bitcoin).

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May 15, 2018, 07:56:48 PM
 #23

It is always better to learn about the Bitcoin fundamentals and its journey from its intial coin onwards. Bitcoin started in which year and why it has grown this much and which technology used to secure its data , how people considered as one of the crypto currency . Many factors are there why bitcoin is top in all crypto world. Currently bitcoin is trending in the world and its widely accepted in transactions like money.

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May 16, 2018, 01:10:35 PM
 #24

I think it helps the bitcoin investors. If they know everything about bitcoin and then they invest on bitcoin they get a positive result and it will helps them in future also.

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