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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Hey All, A lot of the times us Bitcoin enthusiasts are always questioned about where does Bitcoin gain its value from and why it should be worth what is now or what we expect it to be i.e. around hundreds of thousands. I have tried to touch on this, relating it to our current financial system which is doomed to collapse. Some of the other things I have discussed: 1. How Bitcoin Works? 2. Why Bitcoin is one of the most undervalued asset of our time? 3. How to trade Bitcoin? 4. The Blockchain concept and Halving Concept I would appreciate if you guys could give it a read here in my Blog and give me your feedback. Please do share it forward if you think it is worth it. Would be a great help! 😊 Cheers, Fahim
How does the value of Bitcoin change if I buy 100 US dollars worth right now?
I believe I’m going to start investing in crypto, and Bitcoin seems the most accessible. Let’s say the value of BTC goes up 15% in a week. Does that mean that if I cash in at that point, I would receive 115 US dollars? If I invested 300 dollars and it went up 3% would I receive 309 US dollars? Thanks in advance.
"The value of Bitcoin should rise following Bitcoin halving" - Why?
This argument is made all over the place: "In theory, the value of Bitcoin should rise following a halving event since it means that new units would be harder to produce." What is the economic reasoning behind this statement? This event is known beforehand, so shouldn't it have a limited price effect?
I'm sorry. I'm new to this bitcoin scene over here, and I just wanted to know how is the value of bitcoin calculated. Also how are some people here predicting that it will reach value over 100k by the end of the decade??
how exactly does one invest and predict the future value of bitcoin?
I seem to find helpful information on what bitcoin is and what the surrounding terminology is (blockchains, satoshi, etc) but I don't know how people decide to buy or sell? I read that the value is so volatile because people are basically gambling on buying and selling, but the part I don't get is how do they make these decisions? I can understand purchasing shares in say a business because analysts do have tangible methods of predicting a business's performance and therefore the value of shares, but with bitcoin it's like nobody knows and we're just buying into the hype with no knowledge and being like "ye dude its simple just buy some btc and wait for the line to go up and u make stonks lol" can someone properly educate me on this?
An extension that allows reddit users to see the value of Bitcoin at the time a post was made
I've been reading many posts about Bitcoin today, some from a month ago, two years ago, and even from 2015. It would have been nice if I had an extension that said "the price of bitcoin at the time of this post was $3445", which helps understand the mood of those posts.
08-31 07:57 - 'You know that the value of bitcoin isn’t measured is USD, right? Just because that’s what YOU compare it with to get a PRICE (as opposed to value) doesn’t mean that everyone else does. / If it’s all-time-high in another curr...' by /u/_Pohaku_ removed from /r/Bitcoin within 549-559min
''' You know that the value of bitcoin isn’t measured is USD, right? Just because that’s what YOU compare it with to get a PRICE (as opposed to value) doesn’t mean that everyone else does. If it’s all-time-high in another currency (as per the headline) then it’s likely an indication that the VALUE of that currency has gone way down and thus the PRICE of BTC in that currency has gone way up. ''' Context Link Go1dfish undelete link unreddit undelete link Author: _Pohaku_
Bitcoin’s value theoretically only grows because it’s like a battery in some sense. You can buy bitcoin today with money you earned working, but you can have more faith the value of bitcoin will remain over a longer time horizon than the dollar. +3
That transaction alone perfectly shows the dramatic change in value that Bitcoin has experienced over the years. 2011 and Earlier. The very first major jump in Bitcoin price took place in July 2010. At this point, the value of Bitcoin went from about $0.0008 all the way up to $0.08, a truly dramatic increase in price. Bitcoin price historically dropped to ~ $14,000, but later that day it reaches $16,250 15 December 2017 $17,900 Bitcoin price reached $17,900 22 December 2017 $13,800 Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. Bitcoin's price forecast is looking bullish heading into the weekend. Meanwhile, DeFi investors doubled the total value locked in dForce. Bitcoin price just reached overvalued status for the first time since September 2019, according to the asset’s Energy Value indicator. While this may sound like a negative thing, after this indicator has bottomed out in the past after each halving, it has spiked upward along with the asset’s price until they each top out once again. Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented.
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