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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Guide: Bitcoin Halving for Noobs - Should I Buy? When? What is it?
The halving is the process of slicing the bitcoin reward in half. Hence the name. Currently every 10 minutes there is a bitcoin "block" mined which rewards the miner with 12.5 bitcoin for mining. After the halving the reward every 10 minutes will reduce to 6.25 (cutting it in half). This event happens roughly every 4 years. And itd awesome its going to be on election years! The most obvious question people here are asking : "WiLL ThiS MaKe PrIce gO Up lIke MoON" Dude. Who knows? Your guts only can answer this question. Sure, you can look at historical data to best analyze the future outcome but as we all know with honeybadger bitcoin - it don't care about its price and it will go up, down, sideways, and REVERSE! past performance is not indicative of future events. A lot of us here are thinking that the price will more than likely drop the day of the halving cause of the typical "buy the hype. Sell the news" action. There are so many people hyping up halving event like its going to immediately cause a supply or liquidity shock. It may do it instantly. It may take 6-18 months before we feels the effects of the halving. Should you buy now or after the halving? If you experience a bitcoin event. Price movement event, or halving event. Or conference event. And if you're asking this question. The answer will always be NO. WHY? because you clearly don't have a plan and people who enter the market without an entry plan and exit plan, that Is written on paper always get smoked. So do yourself a favor and light a joint, sit this one out. And watch it from the sidelines. This way you do the smoking and bitcoin doesn't. I guess throw in like the most minimal amount of money imaginable like 10 dollars. And watch that if you MUST have skin in the game. Other than that I wouldn't recommend putting cash in without a plan. This is not financial advice. Enjoy Tuesday bros!
Re: BCC trading on ViaBTC - "How to resolve the hard fork battle BEFORE the fork even happens, using futures markets on the Bitcoin exchanges" ~ u/ForkiusMaximus // "The Bitcoin Block Size: Listen to the Market" ~ Ben Davenport // "How Prediction Markets Could Guide Bitcoin's Future" ~ Paul Sztorc
Bitcoin mentioned around Reddit: Current Price Lows Require a New Product for Institutional Investors Venturing Into Crypto Check iQuant Review - Cryptocurrency Guide Bitcoin Charts Breakout? /r/ProjectOblio
A lot of guides have been written to describe the basics of bitcoin. They usually start with an analogy around gold and mining, and something called the blockchain. These guides are great, but they often get into the technical weeds and don’t explain why people are investing in bitcoin or why it can change the future of money. In this guide, you’ll learn what bitcoin is, its pros and cons ... For more information on Bitcoin wallets, read out Guide to Finding the Best Bitcoin Wallet. Why use Bitcoin? Bitcoin is often hailed as the future of the monetary world for a variety of reasons. It’s decentralized and brings power back to the people. Launched just a year after the 2008 financial crises, Bitcoin has attracted many people who ... Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes. ... Bitcoin is one of those things that in the past several years has created a lot of buzz around the globe. Be it Brexit, or Donald Trump as the new US president, or India demonetizing their currency, dramatic economic events can be viewed in terms of Bitcoin.. In this beginner’s guide to Bitcoin, you will learn all of the basic, yet essential stuff related to Bitcoin. Bitcoin Whitepaper: a beginner's guide Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more.
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