Topic: How much do you need to understand Bitcoin before you can comment on the market? (Read 150 times)
February 01, 2018, 05:23:37 AM
In fact, everyone will have a different understanding of Bitcoin. I think bitcoin's decline is only market volatility, and will not think bitcoin is fading, but there will always be someone that bitcoin will die. No one can predict the potential value of bitcoin, because Bitcoin represents not only its own, but also a lot of cryptocurrencies.
February 01, 2018, 05:20:29 AM
In newspaper comment columns etc., I see people frequently criticising others for commenting on the Bitcoin market without an understanding of how it works.
I spent some time studying the technology of Bitcoin, and I feel I now understand digitally signed transactions, how Bitcoin mining builds the blockchain, and how distributed mining and rules to prefer longer chains creates security.
But, I still feel that the market itself has detached from the underlying value of Bitcoins.
What is it that I need to understand Bitcoin fully so that I can comment on the market?
I spent some time studying the technology of Bitcoin, and I feel I now understand digitally signed transactions, how Bitcoin mining builds the blockchain, and how distributed mining and rules to prefer longer chains creates security.
But, I still feel that the market itself has detached from the underlying value of Bitcoins.
What is it that I need to understand Bitcoin fully so that I can comment on the market?
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