Topic: What is the basis of bitcoin? - page 4. (Read 769 times)
Well the basics you need to learn is that, if you really want to get rid of crypto world especially bitcoin, you really need to invest your time and money, and worst of all, crypto world is a battle of risk. If you aren't able to wait and you are not ready to have a loss, well you do not belong here. You're on the right place to reasearch about what you want to learn. Just read, encode and decode.
the people here have answered all your questions.
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing
Bitcoin is not all about of price, but bitcoin is a future technology in the world
Company and anything field is started to use the blockchain technology. bitcoin is based on blockchain technology.
what is the basis of bitcoin?
Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
bitcoin is a cryptocurrency whose movements can never be predicted with confidence and confidence in bitcoin and ups and downs of prices depending on demand and sales it seems to me if it is wrong I apologize in advance Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
the people here have answered all your questions.
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing
Bitcoin is a payment system in its core but it is based on a whole new concept called Blockchain which takes benefit of the decentralization. So each and every user is the owner of the network and there is no centralized authority to control it. However, the price of each Bitcoin is based on the demand and supply in the market (Refer law of demand and supply) and there are several factors which affect the price. I would recommend you to spend as much as time in reading posts on this forum. Start with beginners and help section where you will get answers to most of your queries.
Basic Definition of Bitcoin for Beginners Understanding Bitcoin, is the first virtual currency developed in 2009, by Satoshi Nakamoto.
This is the oldest currency and popular also.It has many qualities that attract everyone.Btc demand is widespread because it's price isn't stable, volatile.The basis foundation of Btc is to work on the internet and demand is more than the other coins.
Bitcoin is a cryptocurrency that easy to payment transaction. Bitcoin is also use in trade. The value of bitcoin is gold. People can also earn from bitcoin.
what is the basis of bitcoin?
Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
Bitcoin is an innovative digital token system that fully satisfies the requirements of sound money: durability, transferability, divisibility, scarcity, recognizability and fungibility.Bitcoin is all of those things, and all of it is backed by an enormous distributed network of bitcoin miners and a worldwide network of bitcoin nodes. How much value depends on how much people trust bitcoin and how widely used it is, and because that is not knowable at this point, bitcoin is very volatile in relation to other currencies. Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
The price of bitcoins is mainly controlled by supply and demand just like other things (for instance Gold). However, you see a lot of volatility as it is a new concept and there is manipulation by big whales as well.
many basic factors that make bitcoin prices up or down. first is the news, this strongly supports bitcoin price up or down. if the news about bitcoin is very good. surely the price will tend to go up and up. and going the other way around. second is the chart. this is second support, when there is no news about bitcoin. the whale will communicate with the candle. and confirm the price up and down. third is whale manipulation. this is when news and charts do not support.
I strongly agree on your opinion that, many basic factors that make bitcoin prices up or down, first is the news, this strongly supports bitcoin price up or down. And adding also my opinion that, Bitcoin is a currency which provides monetary value and investment, The basis of bitcoin is the currency ratio just like other local currencies in the whole world. In addition, Bitcoin is the genesis of another form of money called cryptocurrency, it gives birth to blockchain technology and develop by Satoshi Nakamoto. On the otherhand, Bitcoin is built on the trust of the value community without any basic values and guarantees other than the community.
The basis of bitcoin is much more than the sole speculation on its price and if it increases or decreases. First of all, you should make yourself familiar with the blockchain technology and why it was created.The basis of bitcoin why bitcoin price is increasing or sometimes is decreasing is the number of bitcoin use in every day because if the demand of bitcoin is low definitely the price of bitcoin is also low, because its depends to each other.
Bitcoin is built on the trust of the value community without any basic values and guarantees other than the community.
One of the reasons why bitcoin is magic for many is the lack of understanding of its technical part. The fact is that bitcoin is based on several technologies, which appeared relatively recently. Therefore, it is very difficult to explain this in plain language without technical terms and foreign words, which are understandable only to savvy specialists. But still it is possible, if you clarify some basic principles.
BTC is based on block chain technology! BTC is built on block chain network is the application!
Block chain technology has realized a special mode of trading in economic society - "decentralization"!
Block chain technology has realized a special mode of trading in economic society - "decentralization"!
what is the basis of bitcoin?
Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
I'm confused on what are you really confused about!! See bitcoin is basically a digital currency and works like any other currency you hold except for a few differences. And those few differences are that bitcoin is not tangible like the fiat currency notes or coins you may hold, bitcoin is simply stored in digital wallets in encrypted form. The value of bitcoin fluctuates like anything, its like from 0-100 in no time. So it definitely proves to be an attractive investment opportunity. Then another point of difference is that bitcoin system is entirely decentralized and nobody can control it, like you home countries' currency being controlled by the respective governments. Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?
For those who share an opinion are most appreciative.
This is a crux of what bitcoin may mean to a layman. And for the advanced knowledge or somewhat technical if you may want, go for some good books for beginners. Also you will find some threads here on this forum that may add to your knowledge.
Bitcoin is a digital currency than can be trade to other currencies and different assets. Since then, it's normal for tge decrease and increasing of its price. Moreover, there's a unique yet advance but very complex features of Bitcoin that other assets never had.
Depends on what you mean. The basis of bitcoin is its decentralized blockchain system. And the price of bitcoin can be influenced by many factors. First of all, it is the capitalization of the bitcoin market. And factors such as positive news about bitcoin, the growing popularity of the blockchain and its widespread use can also influence. And so on.
it means these are chains like steel that will be a burden for the current paper money regimes
at the heart of bitcoin lies the principle of blockade 
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