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Latest Bitcoin News

  • A new generation of distributed convergent financial platform-sustainable mobile

    The future vision of a new generation of distributed and aggregated financial platform, sustainable mobile finance, is to create a cross chain bottom layer of decentralized financial ecological interconnection. At present, it is a decentralized decentralized aggregation financial protocol based on Ethereum network, creating a transparent and open infrastructure. In 2021q3, it will migrate to the bottom layer of SSMF. It is an open system that everyone can participate in. It is an extensible database of decentralized world, providing reliable data for decentralized DAPP and providing all-round services for defi platform.

  • Billion Dollar Company and Bitcoin

    “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.” Above is the tweet by the MicroStrategy CEO in the year 2013. By that time he was skeptic about bitcoin value. Now the same person have forgotten about the tweet. This is the statement from him in a recent interview. “I didn’t get all worked up about it. I’m like you’re right I was wrong, what an idiot I was, I wish I could go back and do it again.” Michael Saylor added Bitcoin solves the cash problem He has chosen bitcoin finding it to be better than gold He compliment it as a living thing, as miners keeps running the network alive He never finds bitcoin volatility an issue, most of the time large scale investors state the volatility as a reason to prefer investing over gold and other investments. Finally the buying of 38250 bitcoins within 74 days have made their strong presence into the cryptocurrency market. I don't know it is his statement or the author's, but the rhyming and the meaning is True “anything that’s controlled by a CEO is crippled, controlled by a state is crippled, controlled by a country is crippled.” This entire thing BTC is its own ecosystem. Source :  MicroStrategy and Bitcoin

  • MOVED: Query Regarding Hardware Wallets

    This topic has been moved to Hardware wallets. https://bitcointalk.org/index.php?topic=5277038.0

  • My take on the 14 facts on Bitcoin

    1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins . 2. Apparently in 2010 due to a bug 184 billion BTC were produced :joy: , don't be so happy guys this error is already erased . 3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something. 4. A smaller unit than Satoshi is in use now called msat! 5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it . 6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him) 7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before :sob:) 8. It is only used 10% for the crime thing ! ONLY 10% ! (For people asking me to back it up :joy: " Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !) 9. There are around 70 forks related to Bitcoins. 10. Mining consumes much energy as a mid size country :sweat_smile: ( we gotta use some renewable sources soon enough ) 11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency) 12. Lightning network can hold millions of transactions per second! ( Trust me that's good ) 13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values . 14. You can gamble via Bitcoin online on a decentralized casino, EarnBet ( https://earnbet.io) and require no KYC in the process

  • Bitcoin and Scrooge McDuck back to the Klondike

    Recently, digging on some old comics I found this: The comic was published on 1952 and can be read here. What interesting does it have? Within those 32 pages and generally the way Scrooge behaves, it tries to tell us indirectly that the dream of uncle Scrooge is to store his gold somewhere safe. He could never be calm if he hadn't thought of a way to store his wealth somewhere that no thieves could steal it. Well, in this example, Scrooge seems to have forgotten where he had stored his gold. When he was young the amount of gold wasn't worth that much, but in 1952, when he was pretty old, the gold worthed a lot! Actually, he mentions that it worths 1 billion dollars. (Back when the dollar was much more valuable) I wanted to post this, because I find many commons of bitcoin and Scrooge's dream. While Scrooge was trying to hide his gold somewhere that he would only know (all these years), we conclude that, finally, bitcoin would fulfil his dream. In my opinion, these are some interesting coincidences I found with Scrooge and Bitcoin: I don't want to create any conspiracy theories. I just thought that it would be nice to post these similarities on the bitcoin forum.

  • 22 Bitcoin interesting facts

    22 Bitcoin interesting facts 1. The first Bitcoin purchase was for guess it … pizza. - May 22 is Bitcoin Pizza Day! Two pizzas were exchanged by Papa Johns for 10,000 BTC, this being the first officially documented purchase using bitcoins. At that time 10,000 BTC was worth only $41! That’s around $25 million in today’s value.   2. Bitcoin is untraceable & Bitcoin is NOT untraceable. When you make any transaction using bitcoin your identity is never used in any form whatsoever. Only your ‘public’ identity is visible. But there is a but…The ‘blockchain’ is a ledger in a permanent form, this is transparent so if anyone knows your public address they could see the amount of bitcoins you hold and what transactions you have made. It is said this how the FBI found and captured the owner of Silk Road.   3. Bitcoins do not grow on trees. Just like money bitcoins do not grow on trees! Of course, unlike money, you can never feel, touch or print bitcoin. Bitcoins are mined on a network called the blockchain only existing when a miner finds and ‘mines’ bitcoin blocks. Currently, the mining power of the Bitcoin network is over 300 times more powerful than the 5 top supercomputers of the world combined!   4. 21 million bitcoins there can never be more. Bitcoin’s supply is, of course, finite, it has to end somewhere right? It’s true 21 million bitcoins is the limit, there can never ever be any more after that. Currently, around 16 million bitcoins have been mined and are being traded. It is predicted that the very last bitcoin will be mined around 2140. After that, there will be no new bitcoins that can be mined.   5. Bitcoin cannot be banned Due to the nature of Bitcoin, there is always a talk about banning it. Bitcoin works outside the traditional banking system so attracts a lot of hostility. However, its design ensures that it cannot be banned however it can be regulated. If you have an internet connection and a bitcoin wallet you can invest in bitcoin. This hasn’t stopped many countries trying to ban it. Bolivia, Thailand, Vietnam and Bangladesh, for example, have all tried. Other more accommodating countries such as Russia, Japan, Australia and Venezuela have made bitcoin legal tender and regulated it. Finally, some countries like India and the USA are not clear and have not defined an official policy regarding cryptocurrencies yet. In short, Bitcoin can’t be buried or pushed away. That is the real beauty of Bitcoin!   6. You can load of great stuff with Bitcoin. So what can you buy with bitcoins? Here are just some of the goods you can buy with Bitcoin : Starbucks coffee, many online food, travel items, flight tickets, funeral items (only in USA), tesla cars, online gambling, luxury items, you even can support charities and many more!   7. Who created it? Although Satoshi Nakamoto has been credited with developing Bitcoin in 2009, we know that most certainly this is a pseudonym for a single person or a group of people who were working on the idea. Nakamoto vanished from the Internet back in 2011, leaving only a few clues as to who he/they might be. Over the years, there were many people who have publicly came out as Satoshi. However, most of them failed to support their statements with solid facts. Dorian Nakamoto from California was given the title of Bitcoin “creator” by a journalist who thought that there were many similarities between the two Nakamotos. This claim was disproved by Dorian, though. Probably the most well-known case of someone claiming to be Satoshi is that of Craig S. Wright, an Australian academic. He has tried multiple times to provide evidence, however, hasn’t been successful to this day. All the “proof” turned out to be fabricated. Many people agree that the creator of the first decentralised currency should probably remain anonymous due to the nature of their creation. After all, removing the one single identity that can be associated with Bitcoin removes every influence on politics, rules and decision-making of the community. 8. The FBI is owning one of the largest Bitcoin wallets A few years ago, the FBI shut down the Silk Road which was a big black market website where Bitcoin was frequently used to make different purchases. FBI acquired all the Bitcoins that were circulating around the website, which is around 1.5% of all the world’s Bitcoin. That may not sound like a huge amount but looking at the big picture, 1.5% is considerably a huge amount for one entity to own. 9.If you lose your private key (Bitcoin wallet), you lose your Bitcoins. You store your Bitcoins in a digital wallet. You can log in and check your balance. One thing, though, you have to be very careful when it comes to storing your password and key, which is what allows you to access your digital Bitcoin wallet. If you lose this access, you’ll lose access to your Bitcoin wallet and the amount you have inside. It's thought that around 20% of the entire Bitcoin supply is 'lost', primarily due to misplaced or stolen keys, or laptops or computers that have been discarded. 10.Transactions can't be reversed. More conventional forms of payment, such as bank transfer, can be tracked and, if needed, reversed. This isn't the case with Bitcoin is not the only cyber currency, though it remains the most highly valued one. Bitcoin gets almost all the media coverage but these days there are so many cryptocurrencies to choose from if you are interested in investing and trading. Once the money has been sent, you can't recoup it. It's vital, therefore, that you double-check the address you're sending the funds to.   11. More powerful than supercomputers According to some experts, Bitcoin networks have a computing power of over 2,046,364 Pflop/s. To give you a clear idea of how much that is, the computing power of 500 supercomputers would give you around 274 Pflop/s. 12. Bitcoin has been sent to space In 2016, the cryptocurrency became the first to make it out of the Earth's atmosphere and into space. Cloud provider Genesis Mining tied a Bitcoin paper wallet and a 3D model of Bitcoin to a weather balloon, using a GoPro to track its progress. Successful transactions were carried out at 20 and 34 kilometres altitude. 13. A unit of Bitcoin is called a 'Satoshi byte' Just as dollars can be divided into cents and pounds into pence, Bitcoins also have their own denominations, but they're much smaller. Named after the mysterious inventor of the cryptocurrency, 1 Satoshi byte is worth 0.00000001 Bitcoin, a tiny amount! 14. Bitcoin transactions cost almost nothing PayPal and banks require their customers to pay transaction and other types of service fees. The good news is that Bitcoin transactions can be carried out free of charge because there's no middleman! True, some exchanges charge a small fee, but this is simply to pay those who 'mine' Bitcoin and release it into the system.   15. The sender/receiver details are hidden Bitcoin addresses are a long string composed of 34 alphanumeric characters. Just by using this address it’s impossible to know who’s the recipient. That’s one of the main reasons why Bitcoin is a preferred method of conducting illegal transactions. Most wallet programs also assign each user a portfolio ID, used as a username, to further protect the privacy of the senders/receivers. 16. Bitcoin is very volatile Bitcoin is highly volatile. The world’s largest digital currency has surely generated a great return for some investors. However, Bitcoin has a highly volatile nature which undermines its ability to function as a proper currency. Predictions have also been made that Bitcoin might fall in the future if it follows its current path. 17. Bitcoin creates a lot of energy Bitcoin mining is a big business and it requires vast amounts of computer processing power. Various estimates of just how much CO2 it uses equate to around one million transatlantic flights, or the equivalent of the energy output of the Republic of Ireland, New Zealand, Hungary or Peru. Basically, if Bitcoin miners were a country, they would rank 61st in the world in terms of electricity consumption. It has been said that around 2.5 million people could be powered by Bitcoin mining and this is something we have to consider in the future. While Bitcoin has undoubtedly disrupted the technology sector in recent years, its incredibly wasteful process needs to be improved. 18. Bitcoin is created through mining Speaking of mining and energy, let’s talk about how Bitcoin is created. The process is called mining and the core technology behind it is called Blockchain technology. It’s dependent on a network of nodes, ensuring the integrity of transaction history by achieving consensus. One part of the process is called validation. Once a transaction has been validated, nodes need to race, using trial/error to solve a mathematical puzzle of high difficulty levels, requiring heavy computing resources. The first computer in the network that manages to solve the equation will be rewarded with Bitcoins. This process is called “mining Bitcoins” and the protocol is referred to as Proof of Work (PoW). Bitcoin mining process serves two purposes: It allows the creation of new Bitcoins Facilitates the processing of transactions in the network Bitcoin mining requires a lot of energy, hardware and bandwidth. Therefore, if you plan on doing this at home, the cost of electricity will likely outweigh the value of Bitcoins you will end up mining, so keep that in mind.     19. You have to account for Bitcoin on your taxes Regulations for Bitcoin are in fact still in the making, however, the U.S. government has declared that Bitcoin - as well as other cryptocurrencies - are in fact capital assets, just like bonds and stocks. Keep in mind that if you don’t account for the Bitcoins you are in possession of, you could be on the hook for tax evasion. Make sure you double-check the laws in your country and follow them correctly. 20. Value overflow incident We’ve already mentioned that Bitcoin has a limit of 21 million in circulation. However, something bizarre happened on August 2010, known as the “value overflow incident”. A vulnerability in code allowed someone to conduct a transaction, resulting in the creation of over 180 million bitcoins. The error was taken care of right away and we got our limit of 21 million Bitcoins back. 21. Bitcoin was not the first attempt at making a P2P digital currency. Many people think that Bitcoin was the first attempt at making a digital currency, Well, it’s not exactly like that. Wei Dai’s B-Money, Nick Szabo’s Bit Gold, Adam Back’s Hashcash and David Chaum’s DigiCash were the precursors to Bitcoin. Unfortunately, each of those currencies failed to gain traction because of their proposed centralised systems.   22. Not the only one to watch out for Bitcoin is not the only cyber currency, though it remains the most highly valued one. Bitcoin gets almost all the media coverage but these days there are so many cryptocurrencies to choose from if you are interested in investing and trading. Right now, there are over 2,500 cryptocurrencies in total. Ethereum, for instance, is another popular cryptocurrency that was funded through crowd-funding and went live back in 2014. There are differences, however. Ethereum exists within its own network and is used more for gambling, investing, dApps (decentralised applications) and smart contracts rather than for everyday purchases. Reference: https://trading-education.com/insane-bitcoin-facts-you-should-know https://brainberries.co/interesting/6-interesting-bitcoin-facts-you-should-know/  


    Bitmain has been around for 7 years today. That's why we now have an extreme temporary discount Check out the website for the discount bit-main.com BTC Regards, Kenneth

  • how can i withdraw or transfer my money from Bijora-btc

    I have fed my account on Bijora-btc with money What is the way to transfer the amount or withdraw it Kindly assist Thanks

  • Partner network exloid.online

    Dear colleagues working in the crypto industry, I invite you to our partner network https://exloid.online I will be glad to all participants!

  • Query Regarding Hardware Wallets

    I'm looking to invest in a hardware wallet. Ledger and Trezor are all around the place. From what I understood about these - The wallets themselves will generate the private keys (HD wallets). My question is - I have a few btc addresses with their private keys. Is there any Hardware wallet wherein I can just store these private keys of mine and authorize transactions instead of using new wallets generated by Ledger or Trezor??? I hope someone can help me out with this. Thanks in advance.

  • ¿Vale la pena trabajar con criptomonedas en 2020?

    ¿Debo plantearme invertir en criptomonedas? Una criptomoneda es un tipo de moneda digital y sistema de pago que no depende de las redes de pago tradicionales a las que nos hemos acostumbrado. Las criptomonedas están descentralizadas. No son emitidos por una autoridad central, como un banco o un gobierno. Las criptomonedas se basan en la tecnología blockchain, una red de computadoras completamente independiente del control centralizado que mantiene un registro de todas las transacciones del pasado y las que se llevarán a cabo en el futuro. Invertir en criptomonedas es cada vez más popular cada año. Es una oportunidad de inversión global disponible para cualquier persona en cualquier parte del mundo. Son un instrumento altamente rentable, muy volátil y tienen un cierto factor de riesgo. Las criptomonedas se están convirtiendo en un medio de pago aceptable en todo el mundo. La tecnología Blockchain es confiable, no puede ser falsificada, manipulada o cambiada. Ninguna otra tecnología permite enviar dinero de una parte del mundo a otra sin un intermediario para llevar a cabo la transacción. Es el medio más económico para enviar dinero desde el punto A al punto B conocido hoy. ¡Tienes el control total de tu dinero! No se hacen preguntas. ¡Todo lo que necesitas es un ordenador o un teléfono móvil y puedes realizar transacciones con quien quieras cuando lo desees! La velocidad es lo que diferencia a las criptomonedas de la banca tradicional. Si bien una transferencia bancaria a veces puede demorar hasta 2-3 días, una transacción de criptomoneda se liquida en unos minutos. Algunos se confirman en segundos. Entonces, ¿qué más hace que las criptomonedas sean tan valiosas? Su oferta es limitada. Un suministro máximo significa la cantidad máxima de monedas que existirá para una determinada criptomoneda. Pensemos en esto por un momento. ¿Cómo se crea el papel moneda que usamos todos los días? Lo imprimen los bancos centrales y los gobiernos cuando lo necesitan. Bitcoin no funciona de esa manera. No puede presionar un botón y crear más Bitcoins o agregar nuevas hojas de papel a la imprenta. Las criptomonedas son escasas. Cuanto menor es la cantidad de un activo importante que existe, más valioso se vuelve. Bitcoin y muchas otras criptomonedas se crean mediante un método conocido como minería. La minería se refiere a resolver problemas matemáticos complejos que producen nuevos bitcoins. ¿Cuánto invertir en criptomonedas? Cualquier persona que tenga acceso a un ordenador o un teléfono móvil puede invertir en criptomonedas. Todos pueden pagarlos. Dependiendo de tu presupuesto y sus objetivos, puedes invertir tan poco como 1 euro o 1000 euros. No hay limitaciones para lo que puedes hacer. Las únicas limitaciones pueden establecerse mediante el intercambio en el que estás comprando tus criptomonedas. Especialmente para los jóvenes, las criptomonedas se consideran la forma más rápida de obtener riqueza. Recuerda siempre invertir solo lo que puedes permitirte perder y diversificar tu cartera. «No pongas todos tus huevos en la misma cesta”, aconsejan los expertos en inversión. Las criptomonedas y la tecnología Blockchain todavía están en sus primeras etapas y estos activos dominarán el mercado en unos pocos años. Nuestra generación ha tenido la oportunidad de invertir en el futuro de Internet. Hace 30 años, durante la era .com, muchos de nosotros no tuvimos la oportunidad de participar. ¿Tomaremos la decisión correcta ahora? Consejos para invertir en criptomonedas Si estás comenzando, es probable que estés ansioso por empezar a invertir en criptomonedas.  Pero no te apresures. Tómate un poco de tiempo para desarrollar una estrategia básica de comercio de criptomonedas. ¿Conoces los conceptos básicos de la tecnología blockchain y Bitcoin? ¿Sabes lo que significa el suministro circulante vs total? ¿Entiendes qué es la inflación? ¿Conoces intercambios, billeteras, claves privadas y claves públicas? Si no puedes responder estas preguntas básicas, tendrás problemas a la hora de invertir en criptomonedas, así que tómate un tiempo para prepararte, es esencial. Todos los días, los posibles inversores se pierden la inversión en criptomonedas porque no confían en cómo comenzar. Incluso los inversores experimentados pierden nuevas herramientas o criptomonedas que podrían generar ganancias significativas simplemente por no mantenerse activos. ¿Por qué? Porque tienen miedo de cometer errores. El primer paso es tomar medidas, así que no dudes en sumergirte de inmediato en este ámbito. La acción dará como resultado experiencia, y la experiencia dará como resultado una mejor toma de decisiones. De hecho, la experiencia se trata de aprender de los errores que cometes. Lo que hace que Bitcoin y muchas criptomonedas sean innovadoras es su tecnología subyacente. Pero si no comprendes los fundamentos de la tecnología, el camino será algo arriesgado. Ahora que has tomado medidas, tómate tu tiempo y encuentra el intercambio adecuado de criptomonedas con las mejores tarifas. Cuando un inversor comienza a invertir en criptomonedas, se hacen muchas operaciones al día con la esperanza de obtener pequeñas ganancias. Las ganancias son positivas aunque sean bajas al principio, tenlo en cuenta. Y recuerda la regla número 1 a la hora de invertir; no inviertas más de lo que puedes permitirte perder.

  • Entering the Privacy & Anonymity Atmosphere. What are the costs?

    Throughout this one decade since Bitcoin's genesis, cryptocurrencies have advanced to a point where we now have a general idea of what makes Bitcoin better than other cryptocurrencies, why we need certain functions to be added to Bitcoin and so on. One particular concern I have been confronting for a while now is how improving privacy through Bitcoin may change the King of cryptocurrencies forever - and it may actually be for the worse. To be fair, I am heavily obsessed with privacy and a lot of members out here probably already know it. I have a lot of respect for those who fight for their own right to be anonymous and to have the wanted level of anonymity without being considered a criminal by anyone else. So props to o_e_l_e_o, LoyceV and all the other users who've taught me a lot of stuff about this. You've helped me turn it into an obsession. Today we are slowly disrupting the equilibrum between pseudonymity and anonymity to the point where anonymity takes the lead. With that being said, by taking a look over both what's getting ready for the next Bitcoin updates and what we already have, we can see that the list of things that give you more privacy through Bitcoin increased significantly throughout the years: mixers, Schnorr signatures, Bisq, atomic swaps etc. Someone who has the necessary knowledge could actually be almost entirely under the invisible cloak while using Bitcoin. In my opinion, at a first glance, it looks great. Lately, we have seen so much support from so many governments it simply feels like they want Bitcoin and cryptocurrencies to exist. At a first glance, once again, it looks great. But have you ever wondered why they are not so hostile anymore? Could it be because they already have the necessary tools to properly analyze BTC's blockchain so well they aren't afraid of decentralization anymore? Maybe. Let's follow up this scenario. Monero is a cryptocurrency focused mostly on privacy. In my opinion, it is the perfect opportunity for us to see and find out what the future may hold for Bitcoin as soon as we start taking the privacy & anonymity road. Firstly, the masses have been manipulated through mainstream media to believe that Monero represents the heaven for criminals - some kind of safehouse to protect themselves against authorities. This is what all of my friends who've ever heard of Monero thought it is. Secondly, throughout the years, so many companies and authorities have turned hostile against Monero. In 2020, we have seen in my opinion the strongest push against it. Here are some of the delistings from this year:      - Bithumb Under Pressure to Delist Monero as Nth Room Ire Continues      - Monero (XMR), ZCash (ZEC), Bytecoin (BCN) to Be Delisted From Australian Exchanges: Analyzing Reasons Behind Delisting      - Huobi Korea delists Monero, piling pressure on Bithumb And there's more. Some people go through worse stuff than simple delistings, such as this Reddit user who's had his XMR seized. Only recently, the US authorities have begun to desperately look for a way to track Monero. An article talking about XMR being tracked by the US Homeland Security has mentioned one very important thing to take into account: Quote Created at the request of the U.S. Department of Homeland Security (DHS), CipherTrace said the tool would be beneficial for the privacy coin for, among other things, getting listed again in exchanges that delisted XMR. This is alarming in my opinion. I think I have enough brain to understand that they are basically saying Monero needs to not be Monero anymore in order to be accepted. The thing is, people do not understand that this is what is going on with Bitcoin right now. Through regulations, centralized parties, non-trustless transactions and tracing capabilities, we are using Bitcoin the way they want us to. Now that we know how Monero is seen from the government's perspective, we have an idea about the way privacy is treated nowadays by them. Users of coin mixers, the tools that make blockchain analysis painful to whoever wants to try it, have also started to be considered as enemies to a growing number of exchanges. In consequence, we have seen that attempts of improving Bitcoin's privacy are starting to turn some companies hostile against users who are trying to be more private. So now, let's take it the Monero way. The result is, by improving BTC's privacy aspects, we are going to likely turn hostility's power on. Are the possible costs of inclining the equilibrum of pseudonymity and anonymity more towards the latter worth them? How do we value which is better between a more private Bitcoin that leads to hostility and a less private Bitcoin that is "adopted" more than ever before thanks to the government's abilities of analyzing the entire blockchain history?

  • Why has no-one done a crypto Ebay?

    I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales. With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

  • Someone heard or know about this bitcoin website?

    I started using zefinex.com,And it just says to me "Protection from bots, Your new account is temporarily restricted in withdrawal, deposit 0.12 btc so your account will be activated" something like that. now I wanna know if its a scam or is it legit site? thank you

  • Is it possible for Bitcoin to fall and become worthless?

    Bitcoin yes or no Bitcoin Cryptocurrency have been on the rise for most of their period, reaching a record low of $ 20,000 per BTC‌ in less than a decade. Although the Cryptocurrencys is currently trading at half its maximum record price, it is one of the largest active currencies in the world and has become one of the most profitable assets of all time in a short period of time. Despite this steady growth and the unbelievable numbers, bitcoins and critics of Bitcoin have always argued that sooner or later it will decline and become worthless forever after a heavy fall. For example, Calvin Ayre, a supporter of the BCH project, recently tweeted that Bitcoin was "completely worthless," while Warren Buffett, one of America's most well-known successful investors, repeatedly stated that all available cryptocurrencies (including Bitcoin too) are worthless. But is there really an event that causes the entire value of Bitcoin to be lost and its price to be zero?   The answer to this question is yes, and that there are many events that will eventually lead to the devaluation of bitcoin. Yale University economists Yukun Liu and Aleh Tsyvinski have published a report titled "Risks and Profitability of Cryptocurrencies" in 2018, examining the possibility of bitcoin falling in just 24 hours. Using bitcoin profitability charts to look at and calculate the probability of a major catastrophe that would ultimately reduce the value of the cryptocurrency, the two economists concluded that the probability of a catastrophe occurring and bitcoin falling was something between "zero." Up to 1.3%. At the time of writing, they explained that the figure was about 0.4 percent. To better understand this number, he also noted that the probability of the euro falling and depreciating to zero is about 0.0009%. Some believe that the Bitcoin cryptocurrency will eventually fall to zero dollars because it has no intrinsic value. However, although bitcoin has no intrinsic value, it is supported by customer trust and sophisticated mathematical calculations. This approach is somewhat similar to the US dollar, currencies that were previously backed by gold and are now only supported by the government (while some believe that the US dollar is supported only by "government debt"). A similar event A similar phenomenon occurred recently, when the Bank of India (RBI) announced in November 2016 that the counterfeit 500 and 1,000 ruble banknotes were no longer valid due to their proliferation and increase. Although these banknotes can no longer be used as a common currency in India, their value is still preserved as a work of art or souvenir. What is your opinion about the proposed scenarios? Is it possible for Bitcoin to fall to zero or be replaced by another Cryptocurrency?

  • Bitcoin and Lockdown in every country

    In India bitcoin trading is flourishing during the lockdown. During the lockdown, growth of bitcoin trading has peaked high from around $2m to $22m within the time period of January 2020 to May 2020. This is something a 830% growth. This too a reason for the plan of India to ban cryptocurrency trading. Same time period Mumbai based trading Cryptocurrency exchange have recorded massive growth of over 400% in March and 270% in April. This is something very big in a country where it hasn't got any legal support. Indian government made a ban over cryptocurrencies during the year 2018, but people continued to use it. Lately it decided to come up with of launching its own cryptocurrency through blockchain. This means to make use of the blockchain technology and not the cryptocurrency trading. As a result banks stopped services associated with cryptocurrencies. Lately in the year 2020 filing lawsuit cryptocurrency usage ban was taken. Now once again planning for a ban. It is always good to regulate the usage of cryptocurrencies and trading same as Singapore, China and South Korea. Government loses a big revenue out of cryptocurrency trading and through regulatory framework this can be solved. Right now consultation is going on with the law ministry and ministry of information technology to make laws for cryptocurrency. Note : I've mentioned about my country, INDIA             WHAT ABOUT YOURS ? Source :  Money Control

  • Cryptocurrency

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