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Topic: I'm a bitcoin beginner, should I buy this book? - page 2. (Read 478 times)

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Yes but why 6,193.81 euro today and why not 10.000
Many reasons come to mind, one very conspicuous one is the current global crisis that is affecting the economy, loss of money and loss of jobs has led people to panic and sell off their bitcoin, to settle needs and when a large number of people sell and convert to fiat, there is less demand and it reduces the price. It would only go up when more people are interested in bitcoin(adoption), that would mean more supply and that'll result in an increase in price.
I mean it's price is changing too often. I read that bitcoin is like a bubble. Do you believe that some day it will worth 0$ or 100.000$?
The price changes often, it's due to volatility, and stability would come, but that will happen as time goes on.
A bubble? Not at all; if it is, it's a bubble that won't burst Grin
$0? That's not possible
$100,000? Too optimistic to expect that price

Do you think that after the coronavirus crisit, the price will rise?
legendary
Activity: 2184
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
Yes but why 6,193.81 euro today and why not 10.000
Many reasons come to mind, one very conspicuous one is the current global crisis that is affecting the economy, loss of money and loss of jobs has led people to panic and sell off their bitcoin, to settle needs and when a large number of people sell and convert to fiat, there is less demand and it reduces the price. It would only go up when more people are interested in bitcoin(adoption), that would mean more supply and that'll result in an increase in price.
I mean it's price is changing too often. I read that bitcoin is like a bubble. Do you believe that some day it will worth 0$ or 100.000$?
The price changes often, it's due to volatility, and stability would come, but that will happen as time goes on.
A bubble? Not at all; if it is, it's a bubble that won't burst Grin
$0? That's not possible
$100,000? Too optimistic to expect that price

Edit:
Do you think that after the coronavirus crisit, the price will rise?
If I say yes, or if I say no; I'll just be speculating and it's a dangerous thing or message to pass on to newbies, they can be lured into investing wrongly. The price can rise before/after the pandemic is over, it can also fall more before the pandemic ends; nobody can accurately or correctly predict it.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Well I have some questions like "Why does bitcoin value?", "How does mining gives you bitcoins? I mean, why these hard math solutions worth something?", "Why is there a fee when I want to send a bitcoin? Does miners get that?", "Who confirms that I transfered bitcoins so it can be written in the blockchain? Are they just 6 random guys?".

But I want to master my bitcoin knowledge. I want to fully understand all the cryptography behind this. I want to know what that genius, @satoshi, thought back then.

I hope you know now, what am I looking for. I think I came to the right place.

mastering bitcoin will cover the technical parts and you will get the answer to most of your questions about mining, reward, confirmation and cryptography behind bitcoin. reading the introduction and how bitcoin works chapters should get you started.

but some questions such as "why does bitcoin have value" is not easy to answer and i don't think i've seen it anywhere. basically the reason is because bitcoin has utilities that are well needed. the ability to transfer money from one place to another around the globe in matter of seconds by paying a miniscule fee and without needing any middle man such as banks is worth a lot.

Yes but why 6,193.81 euro today and why not 10.000

I mean it's price is changing too often. I read that bitcoin is like a bubble. Do you believe that some day it will worth 0$ or 100.000$?
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
Well I have some questions like "Why does bitcoin value?", "How does mining gives you bitcoins? I mean, why these hard math solutions worth something?", "Why is there a fee when I want to send a bitcoin? Does miners get that?", "Who confirms that I transfered bitcoins so it can be written in the blockchain? Are they just 6 random guys?".

But I want to master my bitcoin knowledge. I want to fully understand all the cryptography behind this. I want to know what that genius, @satoshi, thought back then.

I hope you know now, what am I looking for. I think I came to the right place.

mastering bitcoin will cover the technical parts and you will get the answer to most of your questions about mining, reward, confirmation and cryptography behind bitcoin. reading the introduction and how bitcoin works chapters should get you started.

but some questions such as "why does bitcoin have value" is not easy to answer and i don't think i've seen it anywhere. basically the reason is because bitcoin has utilities that are well needed. the ability to transfer money from one place to another around the globe in matter of seconds by paying a miniscule fee and without needing any middle man such as banks is worth a lot.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
You can read mastering bitcoin for free here:
https://github.com/bitcoinbook/bitcoinbook

mastering bitcoin is all about the technical aspect of bitcoin (keys, addresses, network, cryptography, security,...). OP seems to be looking for the economical aspect of bitcoin though according to the book he linked.

Well I have some questions like "Why does bitcoin value?", "How does mining gives you bitcoins? I mean, why these hard math solutions worth something?", "Why is there a fee when I want to send a bitcoin? Does miners get that?", "Who confirms that I transfered bitcoins so it can be written in the blockchain? Are they just 6 random guys?".

But I want to master my bitcoin knowledge. I want to fully understand all the cryptography behind this. I want to know what that genius, @satoshi, thought back then.

I hope you know now, what am I looking for. I think I came to the right place.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
You can read mastering bitcoin for free here:
https://github.com/bitcoinbook/bitcoinbook

mastering bitcoin is all about the technical aspect of bitcoin (keys, addresses, network, cryptography, security,...). OP seems to be looking for the economical aspect of bitcoin though according to the book he linked.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Have you read the most classic bitcoin books first?
Mastering Bitcoin and Internet of Money are the most popular bitcoin books out there, and they are very good. You can read mastering bitcoin for free here:
https://github.com/bitcoinbook/bitcoinbook
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Honestly I didn't read that books

Looks like that's book have free ebook version here, so you can read the book without buy it  Cheesy
Just check his thread  [RESOURCES] Free bitcoin/blockchain/finance eBook , he also share free many ebooks about bitcoin, finance and blockchain.

-snip-

He is not a new guy, he was register in this forum on March 04, 2020, 07:39:01 PM.
I think it's doesn't matter if he ask like this, since this board is for beginner who new about forum or bitcoin
Quote
Beginners & Help - All primitive questions (to pros like us Cool) like "what are ASICS", "who is satoshi" and "what is mining" should stay here

Wow, thank you for the link. He really has uploaded the pdfs online in drive. About that if I'm new here, no. I'm not new at bitcointalk, but I'm new at learning crypto. I just had created an account, and then didn't do much research.
legendary
Activity: 1890
Merit: 1210
Honestly I didn't read that books

Looks like that's book have free ebook version here, so you can read the book without buy it  Cheesy
Just check his thread  [RESOURCES] Free bitcoin/blockchain/finance eBook , he also share free many ebooks about bitcoin, finance and blockchain.

-snip-

He is not a new guy, he was register in this forum on March 04, 2020, 07:39:01 PM.
I think it's doesn't matter if he ask like this, since this board is for beginner who new about forum or bitcoin
Quote
Beginners & Help - All primitive questions (to pros like us Cool) like "what are ASICS", "who is satoshi" and "what is mining" should stay here
hero member
Activity: 1666
Merit: 709
Indeed you are a new guy so read this
https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727

Desist from making this sort of post. If you seek interest on everything Bitcoin the read a lot of Bitcoin books, afterwards you would have a better question to ask Than this, your questions would become more specific cornering Bitcoin matters. Also read on matters of the forum to guide you
legendary
Activity: 1512
Merit: 7340
Farewell, Leo

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
The Bitcoin Standard: The Decentralized Alternative to Central Banking

From the reviews I've read that it's too good. It generally talks about value, not only about bitcoin. Has anyone read it here?
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