Topic: Help my by answering 4 question! Thanks alot! - page 2. (Read 394 times)

Bitcoin is a type of virtual currency aka cryptocurrency. Bitcoin has increased transparency of assets. The reason I bitcoin is it's controlled by none.

Obviously, Bitcoin is popular now. But it deserves more popularity.

Yes. And believe me. It's increasing.

Before diving into anything, you need to do research. Before starting journey, they need to do research and read other's experience.

Thank you guys! It is really helpfull!

You guys already made it a lot easier!

Hopefully some more people will come to help!

A trustless community where it's trusted enough to be used by a huge community. A safe asset but with a highly volatile quality, which makes it both hated and loved by investors. It's pretty much a system where transactions are done without any influence of a third party, which makes it a huge boon since you can guarantee that no type of corruption or anything is happening inside its transactions.
I'd answer Bitcoin, but I think I'd be quite the biased one, especially because I've never had the opportunity to explore the entirety of the world of investments, and not that I plan to, at least not now.
Why yes, right now as you see most of the enthusiasm is about the price, especially with it moving quite high right now, almost standing at the $20k mark, though it's also a sad part of how most of the enthusiasm is about that, and not how Bitcoin is as a currency.
Learn the basics, especially the proper way of using wallets. Most people assume BTC is a scam due to misplaced knowledge, and really it isn't bringing anything good since the majority of those that listen to it are the same people who don't know anything about Bitcoin.

Bitcoin is a money and an asset, only a total of 21 million will be in circulation which makes it limited, anything limited will have value. Bitcoin is in high demand and has value because of that, this has resulted to its price that begin with $0.03 in 2009 to be $19000 now.

Bitcoin has no shares, bitcoin is open source and completely decentralized, anyone telling you bitcoin has shares only want to scam you.

Yes, there is enough ethusiasm for bitcoin, that is why institutions have now joined the race to provide bitcoin services.

I will recommend you to know the basic knowledge about the technical analysis of bitcoin price, you can use coinmarketcap for this to know the price history of bitcoin before you will be able to decide what next.

We'll i think i did the best thing possible for what i have to do. I hope to get as much reactions as possible!

Again thank you for helping me!

Also Upgrade00 thank you for helping me!

You're in the right board for getting answers, it's common for threads in this section to see a dozen replies per day, so just wait for a few hours while more people arrive and drop their answers. (Like the one above me)

Can't guarantee it would be up to 3 sentences. But, from what I have learnt, Bitcoin is a financial or monetary network. It's decentralized and hence is run by the Bitcoin community; nodes, miners, and peers involved in transactions are all connected and none is dependent on the other, so you do not need to trust them, as far as you've verified you're on the right network.
Bitcoin is also open to different interpretations, to some it is a speculative asset, to others a SoV, and some others see it as a currency. Everyone can discover what Bitcoin means to them.

I do not think any is more popular, it depends on what the individual can access. Regular investors can hold actual bitcoins and as such would likely go for that, institutional investors are limited and would likely get exposure to Bitcoin through bonds or mutual funds

Yes, there's surely enough enthusiasm.
Most of the interest in Bitcoin these days may be as a result of its fiat value. During the early days I would assume people who were interested were mostly enthusiastic about the network and underlying technology, however those people are still in the space and more have joined in, either they were attracted by the price or product.

Research, learn and unlearn.

Wow! Thank you alot! I did not think that i would get a respond so fast! I really appreciate it! Do you know where to find others who will respond so fast. I need multiple oppinions sadly.

But again! I really appreciate it!

I'll be happy to help you with your research.

1- Bitcoin balances are represented as a series of inputs and outputs on the blockchain, and each transaction consists of an ID with a group of inputs and outputs connected to it. Bitcoin addresses are hashes of public keys, which are calculated from their associated private keys by solving an elliptic curve equation, because the two are represented as a point on an elliptic curve. Bitcoin features are drafted by creating BIPs which are incrementally deployed as the relevant specifications are implemented in Bitcoin Core.
2 - Clearly the shares of bitcoin are more popular because the majority of users store their bitcoins on an exchange, which lets them rapidly trade their holdings for other assets, so exchanges lend themselves well to trading.
3 - There is still plenty of enthusiasm for bitcoin, the outside world gets it mainly through news flashes that the bitcoin price is going up. For example there was a surge of interest in bitcoin after PayPal announced support for holding bitcoins inside their service.
4 - Even though I said most people are putting their bitcoins on an exchange, I do not recommend this because the exchange owns the private keys to your addresses and therefore your money. That means they can forfeit your money at any time for whatever reason and there's nothing you can do about it. And as the old saying goes, "Not your keys, not your coins" so I recommend everyone download a software wallet such as Electrum, and verify the download hasn't been tampered with, and transfer your coins there ASAP if you're not trading with them.

Start from two sources.
https://bitcoin.org/en/
https://bitcoin.org/bitcoin.pdf
https://en.bitcoin.it/wiki/Bitcoin
Stay away from bitcoin.com that is a scam site of Bitcoin Cash, a shit fork from Bitcoin.

Shares. No Bitcoin is operated on Proof of work. No stakes, no shares.

Enthusiasm, it is around and on a rising tide. If not, you are not here.

Starter. Learn to use non-custodial wallet to store their Bitcoin. Learn steps to back up, and recover wallet from backup.
[General] Bitcoin Wallets - Which, what, why?

Good day!

I'm creating a profile piece on bitcoin. Now I have to ask experts questions about bitcoin for my own research. Do you want to help me? Then answer the following questions:

- What do you know about bitcoin (3 sentences)
- Is bitcoin or are shares more popular and why?
- Is there still enough enthusiasm for bitcoin and why?
- What would you recommend each bitcoin starter to do?

If you have answered the above questions, thank you very much for helping! It really means a lot to my grade.

Sincerely

Donny