Topic: What is the basis of bitcoin? - page 6. (Read 770 times)
Bitcoin is digital money used for the secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government, instead it is an open network, which is managed by its users. Much in the way email improved communication by making it fast and cheap, bitcoin is an improvement on existing payment methods that were not designed for the Internet age.
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.
Only money can make the value of bitcoin increase or decrease. No one can manage bitcoin and bitcoin is considered as a tool to transfer money from one person to another.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.
So the higher the capitalization of the bitcoin, the more people invest in bitcoin, the bitcoin price will be higher. That is according to my experience and understanding. Hope it will answer your question.
Probably it could be economics law of supply and demand where if bitcoin's demand is high then surely bitcoin's price will increase. On the other hand, if bitcoin's supply is more due to some investors had dump in effect price could possibly decline. Another factors contributing to bitcoin's dip were FUD and negative news that could affect bitcoin in general since bitcoin is volatile in nature.
Bitcoin through price increases and higher is also down, but from the cycle you can take advantage if you are proficient in tranding..
As for the smooth decrease in the rate of bitcoin, it occurs in a downward long-term trend in small-volume trades. The speed of reducing the cost of bitcoins is affected by bad news, as well as by experienced players with large assets.
Since our scales of comparison of are still linked to Fiat currencies I'm assuming what you meant by the rise and fall is how it's worth stands against a currency such as the US dollar. You could have meant to ask about the factors that are involved in the rise and decline of its value. One interesting piece of information about Bitcoin is that it can either go up or down or go down within the 10 minute period that it is being within, Causing a complication for both sender and receiver.
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.
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.
investing with bitcoin is advantageous if we can make use of it and be practically transparent but we also need to know also the shortcomings of bitcoin investment in price and its value is not certain the value and the exact priceHi 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.
In my own opinion, as days go by the market value of Bitcoin goes down maybe it because some of the investor are still confusing. When you invest in Bitcoin as of this time think that you will invest an amount which you can afford to lose.
bitcoin is the world's first digital currency. bitcoin using peer to peer systems does not require intermediaries. decentralized means not centralized and not controlled by any government, and uses 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.
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 attracted many people to invest because bitcoin is like gold in digital world. Many people believe bitcoin will become single currency on internet and people around the world will using it to make transaction on internet
The basis of the rise and fall of prices is usually caused by positive and negative news stories that can be made about the bubbles and the money that occurs.
And please include the investor and ther panic selling of their coins. It can also affect the rise and low of rate of bitcoin. So if you're a holder, please learn to be patient and not be a panic investor. Don't sell it because it's low, the possibility of it to increase the rate. It depends on your decision though, just be chill.
The basis of Bitcoin as a method of payment. While the increase in price or decrease in Bitcoin price is supported from market demand and supply. The point Bitcoin is ceyptocurrency that has fluctuative properties, according to market demand.
Bitcoin is the first example of Cryptocurrency, which is produced by people and businesses around the world using advanced computer software that solves math problems.
Bitcoin can be divided so that growth potential for exchange media is a decentralized method. one of the most exciting discoveries that come Bitcoin project users.
That's why Bitcoin still exists because of the good reputation of how Bitcoin is managed by generous creators. and the quality and value of Bitcoin is the basis why Bitcoin more investors and capitalists invest in the Bitcoin business.
Bitcoin can be divided so that growth potential for exchange media is a decentralized method. one of the most exciting discoveries that come Bitcoin project users.
That's why Bitcoin still exists because of the good reputation of how Bitcoin is managed by generous creators. and the quality and value of Bitcoin is the basis why Bitcoin more investors and capitalists invest in the Bitcoin business.
At the heart of the Bitcoin system are not gold or confidence in the emission center, but mathematical calculations. There is a clear and understandable algorithm by which crypto-monet extraction takes place. No one government or the Central Bank can change their meaning. Today this client is used by people on the whole planet, and practice confirms that the program rejects everything that is slightly different from the given algorithm. Its code, as well as all programs, are open to everyone. Therefore, any person can be convinced of their following the given algorithm. Moreover, you can create your own client and if it functions on the principles of Bitcoin, then it can be used to perform a variety of operations.
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.
investing with bitcoin is advantageous if we can make use of it and be practically transparent but we also need to know also the shortcomings of bitcoin investment in price and its value is not certain the value and the exact price 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.
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.
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 differs in price because of the law of supply and demand. With over 16m coins circulating, which is much lesser than other crypto currency. The demand is high but the supply is low that is why the price rises high while when the investors dump it will make the price drop because the supply will be abundant.
Many basis involves in bitcoin business, like on how people strongly used and accessed bitcoin, and the majority of total adaptation of bitcoin. That's why bitcoin until now still exist because of the good reputation on how bitcoin being managed by the generous creator. And the quality and value of bitcoin are the basis on why bitcoin more investors and capitalists invest on bitcoin business.
You can immediately start using Bitcoin without having to understand the technical details. After you install the Bitcoin wallet on your computer or mobile phone, it automatically creates your first Bitcoin address and you can create more addresses whenever you need them. You can give your Bitcoin address to your friends so they can pay you or vice versa. Very similar to how email works, except that the Bitcoin address can only be used once.
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. A good start is the 9 page whitepaper by Satoshi Nakamoto released around 10 years ago: https://bitcoin.org/bitcoin.pdf
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.
The basis of bitcoin is Mining. Why drawing, because mining is a distributed agreement system used to confirm transaction queues by inserting them into blocks. Mining arranges chronological sequences in chain-blocks, protects network neutrality, and allows different computers to agree on the state of the system. To be confirmed, the transaction must be wrapped in a block that fits the very strict cryptographic rules and will be verified by the network. The rule is to prevent the previous block from being modified as it will cancel all subsequent blocks. Mining is also like a competitive lottery to prevent each individual by simply adding new blocks successively into blocks. Thus, no individual can control what is inserted into chains or substitute part of a chain-block to reverse the transaction. feel. 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.
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