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What is Bitcoin? By Markets Insider

Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing.

In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket.

Bitcoin is divorced from governments and central banks. It's organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths make up a block.

No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins.

Why bother using it?

True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. In addition, it's the only form of money users can theoretically "mine" themselves, if they (and their computers) have the ability.

But even for those who don't discover using their own high-powered computers, anyone can buy and sell bitcoins at the bitcoin price they want, typically through online exchanges like Coinbase or LocalBitcoins.

A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested.

Each bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult to steal than someone's credit-card information. And since there is a finite number to be accounted for, there is less of a chance bitcoin or fractions of a bitcoin will go missing.

But while fraudulent credit-card purchases are reversible, bitcoin transactions are not.

Bitcoin is unique in that there are a finite number of them: 21 million. Satoshi Nakamoto, bitcoin's enigmatic founder, arrived at that number by assuming people would discover, or "mine," a set number of blocks of transactions daily.

Every four years, the number of bitcoins released relative to the previous cycle gets cut in half, as does the reward to miners for discovering new blocks. (The reward right now is 12.5 bitcoins.) As a result, the number of bitcoins in circulation will approach 21 million, but never hit it.

This means bitcoin never experiences inflation. Unlike US dollars, whose buying power the Fed can dilute by printing more greenbacks, there simply won't be more bitcoin available in the future. That has worried some skeptics, as it means a hack could be catastrophic in wiping out people's bitcoin wallets, with less hope for reimbursement. Which could render bitcoin price irrelevant.

The future of bitcoin

Historically, the currency has been extremely volatile. But go by its recent boom — and a forecast by Snapchat's first investor, Jeremy Liew, that it will hit a bitcoin price of $500,000 by 2030 — and nabbing even a fraction of a bitcoin starts to look a lot more enticing.

Bitcoin users predict 94% of all bitcoins will have been released by 2024. As the total number creeps toward the 21 million mark, many suspect the profits miners once made creating new blocks will become so low they'll become negligible. With bitcoin’s price dropping significantly. But with more bitcoins in circulation, people also expect transaction fees to rise, possibly making up the difference.

One of the biggest moments for Bitcoin came in August 2017. When the digital currency officially forked and split in two: bitcoin cash and bitcoin.

Miners were able to seek out bitcoin cash beginning Tuesday August 1st 2017, and the cryptocurrency-focused news website CoinDesk said the first bitcoin cash was mined at about 2:20 p.m. ET.

Supporters of the newly formed bitcoin cash believe the currency will "breath new life into" the nearly 10-year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds.

Bitcoin power brokers have been squabbling over the rules that should guide the cryptocurrency's blockchain network.

On one side are the so-called core developers. They are in favor of smaller bitcoin blocks, which they say are less vulnerable to hacking. On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable.

Until just before the decision, the solution known as Segwit2x, which would double the size of bitcoin blocks to 2 megabytes, seemed to have universal support.

Then bitcoin cash came along. The solution is a fork of the bitcoin system. The new software has all the history of the old platform; however, bitcoin cash blocks have a capacity 8 megabytes.

Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets.

"A group of miners who didn't like SegWit2x are opting for this new software that will increase the size of blocks from the current 1 megabyte to 8," Morris told Business Insider.

To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency.

Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin. But that doesn't mean the value of investors' holdings will double.

Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch.

The future of bitcoin and bitcoin’s price remains uncertain. It could go to a $1,000,000 or it could go to $0. No one truly knows.

Bitcoins vs. Ripples – zwei Kryptowährungen im direkten Vergleich

Wenn der Begriff Kryptowährung fällt, ist Bitcoin der Name, den jeder mindestens schon einmal gehört hat. Mittlerweile ist der heutige Marktführer im Bereich der digitalen Währungen aber nicht mehr allein. Immer mehr Kryptowährungen nehmen ihren Platz am Finanzmarkt ein, die Konkurrenz wächst. Neben potenziellen Konkurrenten wie Litecoins oder Ethereum gehören auch die sogenannten Ripples dazu. In diesem Ratgeber heißt es Bitcoins vs. Ripples. Im direkten Vergleich soll unter anderem aufgezeigt werden, welche Vor- und Nachteile beide Kryptowährungen bieten und ob der Anleger letztendlich besser Bitcoins oder Ripples kaufen sollte.

Bitcoin: Der Marktführer im Portrait

Betrachten wir zunächst die älteste aller Kryptowährungen, die Bitcoins. Der Erfinder der Bitcoins ist Satoshi Nakamoto. Er entwickelte die digitale Währung im Jahr 2008 als Pendant zu den klassischen Währungen. Anfangs wurde er für seine Idee von Banken und Investoren eher belächelt. Dennoch gab es bereits eine Fan-Gemeinschaft, die die Einführung der digitalen Währung sehr begrüßte.

Anleger erkannten früh das Potenzial der Bitcoins

Diese Fans der neuartigen Währung waren es, die schon in der Anfangszeit den Mut aufbrachten, in Bitcoins zu investieren. Immerhin war das Risiko sehr hoch. Andererseits konnten sie die Bitcoins zum damaligen Zeitpunkt noch zu sehr günstigen Preisen erwerben. Der Start verlief zunächst recht stockend und niemand ahnte, dass die Bitcoins einmal einen beeindruckenden Kursanstieg verzeichnen sollten. Inzwischen werden die Bitcoins nicht mehr belächelt, sondern finden bei Anlegern und Investoren großes Interesse. Aufgrund der starken Entwicklung können sich die Anleger der ersten Stunde heute, nach rund 10 Jahren, über einen beachtlichen Reichtum freuen. Auch wenn Bitcoins nicht mehr zu Schnäppchenpreisen erworben werden können, so reißt das Interesse an der Kryptowährung bisweilen nicht ab.

10 Jahre nach der Gründung zeigen auch größere Unternehmen Interesse

Zwar leugnen viele Banken nach wie vor, dass es sich bei den digitalen Währungen um eine ernstzunehmende Konkurrenz für die klassischen Währungen handelt. Doch zum einen sollte sie der deutliche Aufwärtstrend der vergangenen Jahre eines Besseren belehren. Zum anderen bekunden zunehmend auch große Unternehmen Interesse an den Bitcoins. Teilweise bieten diese die neuartige Zahlungsmethode bereits an.

Der Social Trading Broker eToro bietet auch Kryptowährungen zum Handel an

Das technische System von Bitcoin – Blockchain

Dies führt uns zur technischen Seite von Bitcoin, die nicht außer Acht gelassen werden sollte. Von dem System profitieren insbesondere technisch versierte Personen, die mit Hilfe des sogenannten Blockchains Bitcoins nicht nur kaufen, sondern auch selbst verdienen können. Ferner macht das System Transaktionen sicherer und leicht verständlich. Für die Entwicklung einer digitalen Währung ist dies sehr wichtig.

Generell steht das Thema Sicherheit bei Bitcoin an oberster Stelle. Um diese zu gewährleisten, wird jedem Nutzer eine virtuelle Geldbörse zur Verfügung gestellt – das Wallet. Über eine spezielle Software wird eine Verbindung zum Bitcoin-Portal hergestellt. Die Bedienung ist intuitiv möglich und somit auch für Einsteiger gut umsetzbar. In der digitalen Brieftasche können Anleger ihre gekauften und erschaffenen Bitcoins aufbewahren. Das Wallet wird durch einen Schlüssel geschützt. Gleichermaßen dient dieser auch als Nachweis darüber, dass der Nutzer über die jeweils notwendigen Bitcoins verfügt, um eine Transaktion durchführen zu können. Eine Transaktion erfolgt stets zwischen zwei Parteien, wobei diese anonym bleiben. Zwar kann das zunächst als Vorteil gesehen werden. Kommt es aber einmal zu Problemen, etwa wenn Kapital versehentlich dem falschen Nutzer zugeordnet wurde, so lässt sich der richtige Empfänger nur schwer ausfindig machen.

Weiter zu eToro: www.etoro.com

Die negativen Aspekte von Bitcoin – was sagen Kritiker?

Mit ihrem rasanten Aufstieg haben sich die Bitcoins einen sehr guten Ruf bei Anlegern und Unternehmen erarbeitet. Trotz des steigenden Kurswertes gibt es nach wie vor Kritiker, die ein baldiges Platzen der Blase vorhersagen. In diesem Fall würde der Kurs stark nach unten gehen und Anleger würden ihr Kapital verlieren. Verschiedene Analysten halten dagegen und sind der Ansicht, dass sich der Kurs auch nach 2017 weiter nach oben bewegen wird.

Zwei weitere Punkte, die im Zusammenhang mit Bitcoin kritisiert werden, sind:

Das Mining: Das Erschaffen von Bitcoins stellt eine große Herausforderung dar, vor allem in technischer Hinsicht. Wer Bitcoins schürfen möchte, benötigt einen Prozessor mit entsprechender Leistung. Nicht jeder Nutzer verfügt darüber.
Die Menge der Coins am Markt: Der Kurs von Bitcoin hängt von der am Markt vorhandenen Menge an Coins ab. Bekanntermaßen gehören die größten Geldmengen an realem Geld einer eher geringen Anzahl von Menschen. Bei Bitcoin verhält sich dies ähnlich. Hier halten etwa 4 Prozent der Anleger etwa 96 Prozent der gesamten Menge an Bitcoins. Zwar steigt die Zahl der Nutzer kontinuierlich. Allerdings verfügen diese nur über eine kleine Menge der digitalen Währung. Gelangt nun über einen Nutzer eine größere Menge der Coins wieder auf den Markt, so könnte ein Überangebot entstehen. Die Folge: der Kurs sinkt nach unten. Auch wenn dieses Szenario vermutlich nicht eintreten wird, so lässt es sich nicht gänzlich ausschließen.

Neben Bitcoins bietet eToro auch den Handel mit Ripples an

Ripple: Ein weiterer Konkurrent für Bitcoin

Bitcoins vs. Ripples, oder doch nicht? Fakt ist, dass mit Ripple ein weiterer Anbieter einer digitalen Währung den Weg auf den Finanzmarkt gefunden hat. Ripple basiert auf einem Open-Source-Protokoll. Die Idee des Zahlungsnetzwerkes entwickelte Ryan Fugger. Nachdem die Idee erste Formen annahm, wurde das Projekt durch die Ripple Labs umgesetzt.

Die Währung von Ripple

XRP ist die Währung von Ripple. Bekannter sind jedoch die Bezeichnungen Ripples und Ripple Coin. Nutzer, die XRP besitzen möchten, können diese kaufen, ansparen und damit bezahlen. Ebenfalls interessant kann die Währung für Investitionen in Devisen sein.

Hinweis: Wie bei allen Kryptowährungen ist auch bei den Ripples die Anzahl begrenzt. So beträgt die maximale Anzahl 100 Milliarden Ripple Coins. Weil mittlerweile aber bereits über 99 Milliarden Ripples auf dem Markt sind, ist die Erzeugung der Coins beinahe zu Ende.

Das Ziel von Ripple – Peer-to-Peer-Verfahren und virtueller Markt für Devisen

Mit seiner Idee verfolgte Fugger das Ziel, ein Peer-to-Peer-Verfahren sowie einen virtuellen Markt für Devisen zu erschaffen. Dieser Devisenmarkt soll es möglich machen, dass jeder Währung ein Ripple-Kurs zugeordnet werden kann. „Jede Währung“ bedeutet in diesem Fall, dass es sich sowohl um eine digitale Währung als auch um eine reale Währung handeln kann. Devisenhändler können dadurch zum Beispiel auf Ripple-Euro-Kurse setzen.

Eine zentrale Datenbank ermöglicht die Umsetzung der Idee. Weil diese öffentlich ist, kann sie von allen Nutzern verwendet werden. Das in der Datenbank befindliche Register enthält alle aktuellen Kontostände. Die Teilnehmer können ihre persönliche Menge an XRP (Ripple Coins oder auch Ripples) jederzeit einsehen. Aber auch die Kontostände der anderer Teilnehmer können geprüft werden. Damit die Abläufe im Netzwerk immer unter Kontrolle bleiben, sind ferner Einsichten in die Aufzeichnungen möglich. Ferner können Nutzer in dem System sehen, welche Angebote aktuell für den Verkauf und Kauf von Gütern und Devisen vorhanden sind. Man könnte die Datenbank deshalb auch als Handelsplatz sehen. Etwaige Änderungen im Register lassen sich ebenfalls durch die Teilnehmer anregen.

Weiter zu eToro: www.etoro.com

Zahlungssystem – das Vertrauen in die Teilnehmer

Bei Ripple geht man davon aus, dass zwischen den Teilnehmern im Zahlungssystem ein gewisses Vertrauen besteht. Auch in gängigen Systemen ist dies der Fall. Hier müssen Bank und Kunde einander vertrauen. Ripple hat dieses Grundvertrauen im Prinzip nur auf das Internet und die Plattform übertragen. Auf der Plattform lassen sich der Zahlungsfluss der Ripples durchführen sowie Verbindlichkeiten zwischen zwei oder mehreren Parteien vermerken. Zahlungen, die innerhalb des Netzwerkes durchgeführt werden, sind auf der Plattform abgespeichert. Das komplexe System, das sich dahinter verbirgt, ist insbesondere für Einsteiger nicht sofort verständlich. Aus diesem Grund tendieren private Anleger häufig eher zu Bitcoin, weil sie nicht wissen, ob sie lieber Bitcoins oder Ripples kaufen sollten.

Tipp: Wer sich für eine Investition in Ripples interessiert, kann zur Erleichterung ein Desktop Wallet nutzen. Das Wallet mit dem Namen Rippex ist ein Client für das Halten der Ripple Coins als Kapitalanlage.

Bei eToro ist das Trading auch per App möglich

Kritik an den Ripples – keine wirkliche Kryptowährung?

Ripple steht in direkter Konkurrenz zu Bitcoin, eigentlich. In Berichten ist von der Währung Ripples jedoch nur selten etwas zu sehen. Der Grund ist darin zu finden, dass es sich bei den Ripples anders als bei den Bitcoins nicht um eine freie Währung handelt. Ripple fungiert in erster Linie als Plattform. Diese besitzt zwar eine eigene Währung (XRP, Ripples oder Ripple Coins), die aber von Ripple Labs selbst erschaffen wird. Es gibt also eine zentrale Verwaltung. Die Währung wird im Netzwerk verteilt. Die Nutzer haben nicht die Möglichkeit, Ripple Coins über Mining selbst zu erschaffen.

Das könnte Sie auch interessieren: Bester Bitcoin Broker

User, die Ripples erhalten haben, können diese in ihrem Online Wallet speichern. Auch hier erfolgt die Verwaltung in dem Netzwerk. Um die Sicherheit der Kundengelder kümmert sich die Plattform, es entsteht also eine gewisse Abhängigkeit der Nutzer zu Ripple Labs. Doch eben diese Abhängigkeit möchten viele Menschen hinter sich lassen. Zur Erinnerung: Dies war auch die Grundidee von Bitcoin! Ripple ist für echte Fans der Kryptowährungen aus genanntem Grund oft weniger interessant. Hinzu kommt, dass nur die Hälfte der Coins verteilt werden, die andere Hälfte verbleibt im Unternehmen selbst. Kommt es zu einer Kurssteigerung ist Ripple Labs also der größte Profiteur.

Zwischenfazit zu Ripple: Anders als Bitcoin wird Ripple eher als eine Zahlungsplattform oder eine Bank angesehen. Ripple verfügt mit den Ripple Coins über eine eigene Währung. Dabei handelt es sich jedoch nicht um eine freie Währung wie es bei den Bitcoins der Fall ist. Kunden bei Ripple nicht die Möglichkeit, Ripples selbst zu schürfen. Sie können sie nur käuflich erwerben. Als Geldanlage sind Ripples vor allem dann interessant, wenn man sie für Zahlungen nutzen und das Zahlungssystem des Unternehmens gleichermaßen unterstützen möchte.

Weiter zu eToro: www.etoro.com

Bitcoins vs. Ripples – So unterscheiden sich beide Währungen

Wer sich bereits über die beiden Kryptowährungen informiert hat, aber dennoch unschlüssig ist, ob er Bitcoins oder Ripples kaufen möchte, sollte sich beide Varianten noch einmal im Detail anschauen. Häufig sind erst dann die wirklichen Unterschiede zu erkennen.

Bitcoin Charts

Bitcoincharts provides financial and technical data related to the Bitcoin network.

Bitcoin News

29 Nov 2017 Bitcoin tops $10,000 milestone

By breaking the $10,000 mark the value of Bitcoin increased tenfold since the beginning of the year.

14 Aug 2017 Bitcoin price climbs over $4,000

Since the beginning of the year the bitcoin price quadrupled. For the first time it reached a value over $4,000.

12 Jun 2017 Bitcoin reaches new all-time high: $3,000

After reaching the all-time high of $ 2,000 at end of May 2017, Bitcoin now passed the next milestone.

11 Apr 2017 Russia’s Finance Ministry: Cryptocurrencies may be recognized in 2018

Russia could accept Bitcoin and other cryptocurrencies as legitimate payment method in the next year. By doing this they hope to advance in the fight against money laundering.

29 Mar 2017 CRYENGINE now accepts Bitcoin

The popular video game engine itself remains free of charge, but CRYENGINE now accepts donations in bitcoins to support ongoing development. They also announced plans to extend the Bitcoin payment to the CRYENGINE Marketplace.

26 Nov 2016 Consulting firm EY Switzerland accepts Bitcoin

EY Switzerland (formerly Ernst & Young) may be the first advisory firm that allows its customers to settle their bills with Bitcoins.

29 Apr 2016 Steam accepts Bitcoin

Valves Steam Platform cooperates with Bitpay to allow its customers to buy games with Bitcoins

18 Dec 2014 Major Magazine Publisher to Accept Bitcoin Payments

Time Inc., publisher of e. g. for People, Sports Illustrated, InStyle and Time, now accepts bitcoin as a payment.

The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000.

Bitcoin’s value is at an all-time high again. Following the hype peak and crash in 2011, many seemed to have thought it was just another dotcom fluke. But bitcoin was much more than that, and it has returned with a vengeance – its market cap is now twice what it was in the 2011 peak, and it is nowhere near its potential, which is four orders of magnitude above today’s value.

In this, a lot of people are confused at the fact that bitcoin has climbed 200% since the start of this year alone, and wonder what to make of it. It is currently at $41.50 and climbing fast, and I see a lot of people just looking at the numbers and guessing from charts how things will pan out.

I am seeing guesses of $50, $100, $150, even $1,000. These numbers seem pulled out of thin air from just looking at the charts – nobody seems to have done due diligence from the other direction, from the most fundamental observation of all:

Bitcoin is a transactional currency. As such, it is competing for market share on the transactional currency market.

Talking about bitcoin value is not about happily watching numbers go up and down while having popcorn. This is about identifying a global market, looking at its size and estimating a target market share based on the strengths and weaknesses of the competing product or service under analysis.

When you know the size of the target market, and have an estimate for your projected market share, you can estimate the value of your product or service as a percentage of the value of the total market. I haven’t seen anybody do that for bitcoin.

The total size of the transactional currency market is hard to estimate, but has been pegged at about $60 trillion (the amount of money in circulation worldwide). Seeing how this number is roughly on par with the world’s GDP, it is a reasonable enough number to be in the right ballpark. Based on my four earlier estimates (one, two, three, four), I think it is reasonable that bitcoin captures a 1% to 10% market share of this market.

The low end of 1% would be if it captures international and internet trade. The 10% would be if bitcoin also manages to capture some brick-and-mortar retail trade, which we are already seeing strong signs that it might – operations provide a 3% to 5% extra profit margin on sales when you can cut out the credit card processors, so the incentive to switch is immense: those 3% to 5% cost savings translate to 50% to 100% increased profits, as margins are typically very slim in retail.

Furthermore, some people will undoubtedly invest in bitcoin and keep their portion of bitcoin away from the transactional pool, like all people tend to hoard money if they are able. This decreases the amount of bitcoin that must fulfill the market share, further driving up value for each individual bitcoin. As a rough estimate, let’s assume that only one in four bitcoins is actually used in transactions, and the rest are in some kind of savings or investment plans.

This leads us to a target market cap of 600 billion to 6 trillion USD, to be fulfilled by about 6 million bitcoin, which makes for easy calculations. That means that each bitcoin would be worth $100,000 at the low market cap and $1,000,000 at the high market cap.

In the light of this, present-day projections of $100 that present themselves as “daring and optimistic” actually come across as rather shortsighted and almost dealing with peanuts.

So is the projected market share realistic? Bitcoin certainly has hurdles to overcome – scalability and usability being two of them – but it has done remarkably well in maturing in the two years since I started looking at it. My prediction of a mainstream breakthrough around the year 2019 remains, and it still depends on getting mainstream usability; a target market cap may be reached about a decade after that happens, as a technology typically takes ten years from mainstream breakthrough to maturity.

Now, there are definitely uncertainties in this projection and its assumptions – but it does indicate what kind of ballpark we are talking about.

Rick Falkvinge

Discussion

I agree with your numbers but I think mainstream breakthrough will come earlier than 2019. Some enterprising souls in India, Europe, Mexico or any other location with multiple and varied payment networks will figure out how to string some, many or all of them together with Bitcoin (because that’s what people do) and it will propel our favorite protocol up the ladder even more quickly.

We’ll see soon enough. With any new disruptive technology, it has typically taken ten years from proof-of-concept to mainstream usability. This was the case with online video, with blogs, and with another example I usually cite but can’t recall right now.

I would expect bitcoin to follow this pattern, especially given its decentralized, bottom-up nature.

If Bitcoin survives, I would expect its adoption cycle to be accelerated because in addition to its own merits it’s coming online in an environment where national currencies are looking less attractive by the day, and nobody wants to be the bagholder when government-issued money dies.

You don’t lose out on very much by being the last person to buy a flat screen TV, but the last person to hold dollars loses everything.

Ben Bernankey… he’ll have to start washing car windows at intersections.

Gov-issued money doesn’t die, it’d be saved no matter what, for economy’s sake.

hue: But it won’t have any value if people don’t want it. You could store it as long as you want, but if people don’t see any value in it, then it is… just as stupid as hoarding crap you won’t ever use and no one else wants either.

The flaw in that logic – or at least in the idea that it will happen any time soon, is that we already have a measure of the rate at which ordinary money loses value. In fact, most advanced nations hire top economists to calculate that precise rate of decline, and it’s one of the VERY few things that economists have been able to not only measure accurately, but make future forecasts about with tremendous accuracy (by contrast, the consensus amongst most leading economists from both the private and academic sectors is that all other forms of economic forecasting are ‘experiments’ or ‘works in progress’ at best, and that even a great economist still can’t accurately predict future economic growth.

But this one thing that economists measure the hell out of, and the one thing they have been consistently able to predict for decades now – the rate at which cash money loses its value – has a name. It’s called inflation.

And at present, EVERY advanced economy (in which I include smaller but ultra-successful economies like Australia, as well as huge but struggling monoliths like the US), has incredibly low inflation. The Japanese currency is actually GAINING purchasing power, which actually causes a lot of trouble, as it means business leaders can make ‘free’ money by sitting on their wealth instead of making things and employing people,. The US and Europe are actually deliberately trying to devalue their own currencies to prevent the same thing from happening there.

What’s more, the value of cash money has some seriously powerful vested interests behind it. Just like governments are trying to devalue cash money now to encourage business leaders to invest instead of sitting on their cash, every time the inflation rate gets even moderately high, businesses pressure governments into manipulating the supply of currency via both their nation’s central bank AND the World Bank, to push the value of cash back up to a level where the savings of the ‘old money’ rich (the guys that never work and never employ anyone, but sit on inherited wealth and family-appointed board positions, and who therefore have not only a huge ability to buy politicians through donations and campaign sponsorship, but also a vested interest in ensuring that cash doesn’t lose value faster than their bank accounts and passive share/property portfolios can gain value).

Bitcoin simply doesn’t have those kind of vested (or should I say ‘corrupt’) interests backing it.

Your calculations, and in particular the idea that the value of cash will plummet compared to online currencies, would be entirely correct if we really did live in a free market world. But in the real world, even those nations that proclaim themselves as free market are heavily regulated – it just happens to be regulation by the corporate sector instead of the government. And short of some form of peoples’ revolution (which would somehow have to be the first such revolution to avoid BOTH the western pitfall of becoming a meaningless and futile hippy gathering, and the eastern pitfall of becoming an authoritarian state even worse than the shit it replaced), the corporate rulers are never going to let the value of cash plummet compared to online currency.

In fact, I can only see one circumstance in which it might happen (as I don’t see the formation of a genuinely free market as a plausible possibility). And that’s if the US, Europe, China and Australia all went crazy and elected a series of Robert Mugabe clones to power. THAT guy knows how to crash the value of a cash currency:-)

Oh, and a quick edit/addition to my LOOOONNGGG post below where I explain at length why cash money won’t crash (or at least won’t ‘stay’ crashed) in any advanced economy, any time soon:

Remember that economic troubles are not positively linked to currency depreciation. When cash loses value, it’s good for the nation’s economy (except for retirees and the ‘old money’ rich that neither work nor employ anyone, but sit on passive investments handed down over generations) – that’s because the cost of running export businesses become comparatively cheaper on the world market even if the local cost of labour, parts, R+D etc all remain constant.

Similarly, when the value of cash goes up, it is utterly disastrous for an economy – it’s what’s been sinking the Japanese economy for decades, and the US came very very close to falling into the same hole. If your nation’s cash starts consistently gaining value, it (a) stops people making things or employing people because they can make safe money by just sitting on their savings, and (b) your export industries get screwed because even if all your local costs remain stable their cost on the ‘world market’ is going up – in the meantime your imports get cheaper for the inverse reason and so your country starts piling up debt like crazy.

Don’t take the current northern hemisphere economic crisis (I say northern hemisphere, rather than Global Financial Crisis, because a lot of the southern economies like Australia and about half of South America are kicking ass) as some indication that currencies are going to drop along with the economy.

You know about the OIX, right ?

At least this one it predicted.

$43, you need to update the article faster!

Finally, someone doing the same math I’ve been doing. The only reason to trade on these little bumps is to increase your holdings for the long term.

Great article, been following your series on bitcoins for a while now, speaking as a curious/potential investor (no big money, just like 3-5k SEK, sadly I don’t have more money I can “afford” to lose). Been waiting for the best time to invest (and it’s obvious now that the best time to invest this year was 1-2 months ago

Kind of curious what you think (I won’t consider this as actual finacial advice, so no worries there!), if I’ve already decided to invest, do you think the best time to do it is right away, or wait for bitcoins to fluctuate down a bit before investing or do you think it’s only going to go up in value from now on?

Last time I was seriously considering actually transfering money to my bitcoin adress it was at about 23USD, and now I’m kind of regretting not investing back then. Just worrying I’ll think the same thing in a few months time when bitcoins are up to like 70USD+

What I’ve learned is that every time I try to be smart, I lose a fuckton of money. (I could have had a lot more on my hands today if I had just held on to my original all-in through all the ups and downs, but I didn’t, I tried to catch the swings.)

So I won’t give advice, instead I’ll word it like this – if I were to do the same thing today, and I had already decided to invest, I would decide it was for the long haul (five years or more), I would not worry about if the point of entry was $20 or $40, and I would not worry about short-term swings, but look at trends from year to year.

Right now, for example, I think that bitcoin value is growing much too fast to be sustainable. I don’t have any hard data to back that up, it’s just a gut feeling. Nevertheless, I expect a correction in the near term – maybe to $30 or $22 or so if the correction is particularly strong. This doesn’t need to happen, I am just mentally prepared for it.

I don’t have a lot invested but I did try to catch the swings early on. It was a huge mistake. Since that lesson I have just stayed in and I will stay in come hell or high water until I am either a millionaire or it dies. I have been in since btc was around $4.80 and watching my spare change turn into literally thousands of dollars has been quite enthralling. I’m prepared to lose every penny, I understand that this does t happen often, that it could fail and I won’t be upset if it does – but I’m equally prepared to see this thing through to 1m per coin. I believe it to be entirely possible.

[…] by btcinstant [link] [26 […]

The problem is that the system described has precisely nothing to do with the practicalities of Bitcoin. Admitting to begin with that the price of anything – even Bitcoin, WoW gold, Diablo 3 gold and other game currencies – is a result of the interplay of their respective supply and demand, let’s look into things.

On the dollar supply side, the basis is currently tiny. MtGox reports something to the tune of 1mn USD being brought to the market each day. If we don’t bother to notice that likely a large section of that is speculative rather than bona fide USD added to the marketi and if we count MtGox at about 50% of the total exchange market (which may be overstating it but more likely is understating it) we’re looking at something to the tune of half a billion dollars yearly.

During that same year gambling in the US alone will have involved something to the tune of 100 billion, or two hundred fold. The total of all McDonalds meals served in the US will have come to about 25 billion, or fifty fold. The Walt Disney Company made about 40 bn from operating its parks and theatres, so that’s about 80 fold. And to top everything off, we don’t even know what the notional size of the derivatives market is even, but people close to the virtuality guess it must be something over 1`000 trillion (that’s two million fold).

So, leaving MPEx out of this equation entirely, if just one percent of discretionary spending is redirected from hamburgers, disneyworlds and one arm bandits to Bitcoin, that’s a 3.3x increase of total supply side (330%). If this shift doesn’t happen during the course of a year, but during the course of two weeks the momentary supply side spike is more like 85x (8`500%). If we count MPEx into the story we’re already discussing 1000x’s (ie 100`000%) even if instead of percents we’re looking more at tenths and hundredths thereof.
Bitcoin prices, Bitcoin inflexibility.

Really, it’s been done to death.

A big problem with bitcoins for retail is how much space it would take to store the blockchain, what are your thoughts on this?

“I don’t think it’s either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can’t buy any pizza with SDRs, and yet that doesn’t somehow make SDRs worthless. The belief itself may be a case of “everything appears a nail to the man holding a hammer”, in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that’s what economy is. Still, that makes no difference.

On a third hand, from a technical perspective Bitcoin is neither designed to nor capable to support retail level transactions. The credit card processors (Visa, Mastercard, AmEx etc) cleared something to the tune of one billion transactions in 2010. At an average size of a very conservative 600 bytes per transaction that would have added 600 Gb to the blockchain. At roughly 1% of that for its entire 4 year history Bitcoin is already too heavy, causing serious problems for people trying to start a new client. Moreover the year of 2010 contained about 50k blocks, which at most may carry 1 Mb each : even if each block was full Bitcoin could have at most carried 10% of that sort of volume.” from: http://polimedia.us/trilema/2013/bitcoin-prices-bitcoin-inflexibility/

The electrum bitcoin client has already solved this issue.

A big problem with bitcoins for retail is how much space it would take to store the blockchain, what are your thoughts on this?

I agree that this is a real problem that the bitcoin community will have to solve, and I group it under “scalability”.

To some extent, they have Moore’s Law working in their favor.

Also projects like Ripple might alleviate some of these problems. Not all money transfers have to be carved in to the blockchain.

The idea of Ripple has been around since 2004 as a decentralized barter network and peer-to-peer community credit/banking system based on a web of trust.

So far, no serious implementations existed, only prototypes and proofs of concepts, like villages.cc or ripplepay.com

Because it’s also very usable to decentralize Bitcoin exchanges and all currency trading for that matter, it’s being implemented seriously now in a properly distributed manner by some apt developers of Bitcoin fame.

Could not “attacks” on Bitcoin be made by 2 people transferring money back and forth and thus growing the blockchain and increasing the computational load required for everyone? Or could the community just punish people for having too many simultaneous transactions by agreeing to stall the calculation of the transfer from each address if those deviate too much from some mean?

That should be mitigated by processing fees. Eventually an attacker will run out of money, or if they don’t include fees the miners are less likely to include their transactions in the blockchain.

The Rise Of Bitcoin What Is It And Is It Worth It? | Bitter Bananas

Bitcoin is starting to get very popular these days, but still the majority of people know nothing about it. It is considered as one of the best investments you could have made, because of its’ massive price jump over the last year.

So what is Bitcoin?

This article best describes the overivew of Bitcoin, which is largest online used digital currency in online world.
http://bitterbananas.com/the-rise-of-bitcoin-what-is-it-and-is-it-worth-it/

@Jonas – The blockchain limits is why I expect Bitcoin to be used for settlements between different trading communities, and for large purchases, like buying a house. The communities can set up transaction chains of their own, which will be smaller, and then will aggregate these transactions into a single large one heading across the main Bitcoin network, plus a separate list of recipients handed off to other trading communities.

You as an individual only need to track your local community transaction history, instead of the whole world’s.

That makes a lot of sense in theory, but is it technically possible without imposing a lot of security problems (race conditions from relying on different “hubs/subnetworks”)? Would the bitcoin protocol have to expanded upons or is this “problem” already accounted for and solved?

I always like to compare Bitcoin to the internet itself. A decentralized network on wich to trade goods and services. Bitcoin will do to currency as the Internet has done to commerce. The web was adopted and embraced by the masses between 1995 and 2000, but it was being used as far back as the late 80’s on a consumer level. Bitcoin today is at about where the Internet was in 1993… the next 7 years were nothing short of amazing (and quite disruptive)! Who will be the first Bitcoin millionaires, if not Billionaires minted on this new open source currency platform?

“Bitcoin will do to currency as the Internet has done to commerce.”

I must disagree. What the internet did for commerce has been to reduce profit margins (i.e.; Amazon is just WalMart on the ‘net) while keeping transaction costs pretty much the same as in physical retail operations.

What bitcoin does is keep profit margins the same, while greatly reducing – and in several cases, completely eliminating – transaction costs.

Likewise, just considering currency by itself, bitcoin is even more remarkable: try sending a dollar to some charity that helps to feed people who are hungry. How much value is received by those people in need? A nickel?

Send 0.025 BTC (about a dollar) to someone with a semi-smart phone in some political cesspool of a country in West Africa, and how much do they get? All of it, unless you want to speed up the transmission by including a 0.0001 fee.

I find that a different comparison for bitcoin is more useful. For me, anyway. I compare it to Skype.

I see your point, maybe it’s not an exact analogy, but I was more referring to the impact I think Bitcoin could have on society. As large if not larger than the internet itself.

“As large if not larger than the internet itself.”

We are in total agreement on that…

I agree with you, and I guess we can expect bnacks and other entralized inancial institutions to go to just about any length concievable to try and stop this.. by all the dirty methods we have all witnessed so far being used by the copyright monopolists to try and “notbrems” the development of file sharing platforms and technology.

Do you really believe that bitcoin can be valued simular to say microsofthat in the early 90’or do you feel that it has greater earnings potential. Also does this mean that money earned under the table might be well positioned in such an investment? In other words will everything from tin cans buried to unlaundered money make its way to the surface this way?

[…] have a sudden change of heart about it’s horrible, destructive monetary policies. Others have predicted, based upon sound math, that Bitcoin’s total market cap can get up to between $100,000 and […]

[…] this guy says the value of bitcoins is gonna go through the […]

I did this analysis two weeks ago and transferred as much as I dared into Bitcoins (not all in, but good enough). However, Rick’s analysis is a little more accurate than mine as he thinks that only 25% of the Bitcoins will be used for transactions, whereas I roughly computed 100%. However, Rick uses the figure 6 million, which is hardly 25% as the number of Bitcoins is roughly 11 million and I don’t expect it to be much different year 2019. Therefore, 25% of 11 million is 2.75 million. World GDP is 70000 billion dollars, so 1% is 700 billion dollars, so the value of transaction based Bitcoin would be around $250000, assuming the dollar hasn’t crashed of course. 10% is x10 more, so around $2500000.

I also believe this is going to be faster than 2019. Bitcoin is going viral and as soon as Wallstreet is doing serious investments it will be completely unstoppable. Politicians won’t then be able to shut it down, because that would be an even bigger disaster than Lehman Brothers.

This is an accurate observation. I took aim at 21M bitcoins in circulation to have some sort of end-horizon mindset, but once you add in a specific timeframe, the numbers change.

However, we are still both talking about the same ballpark – it’s not $250, but $250,000. My point of this article was to get people thinking in terms of the right orders of magnitude.

Absolutely right. It really doesn’t matter; it’s all about rough estimates and orders of magnitude.

It’s schocking how fast things are moving though. Waking up this morning and seeing $40 become $45. Fast rewind to 1994 where every Swedish news program started with “Det världsomspännande datornätet Internettt (with many t’s)” will soon be “Den världsomspännande Internettt-valutan Bitcoin”.

5 more years and people will view this as something completely normal.

BTW, the gamma ray burst happens when Facebook is providing Bitcoin wallets for everyone.

Now there’s an excellent idea for an applicable app.

I do believe in bitcoins too. But I think there is substantial uncertainty. I have some smaller investments in bitcoins. There are two main things that worry me:

1) Due to a large fluctuations in traded value (hype/selloff/wash/rhinse/repeat) even with an upwards trend, it is extremely difficult for a business to accept bitcoin. Any quoted price for a product/service would be a floating value. And any business transaction would have to be converted to a less volatile currency immediately. Holding the bitcoins for a business which isn’t interested in speculation on them would be extremely risky.

2) Bitcoins are based on classic cryptography. In that realm they have proven to be robust and sound. But this premise only holds as long as the core premises of classic cryptography hold true. Nobody yet knows when/if/how quantum computing would start to erode classic cryptography. But it does present a substantial, unquantifyable (no pun intended) risk to methods that tie their value to the principles of classic cryptography.

If cryptography is your worry, don’t. We have properly working quantum cryptography right now (which is impervious to quantum computer attacks), while any useful quantum computer is at least a decade away. The reason quantum crypto is not used very much (apart from flagship projects) is that there is no real economic need for it yet.

Rick is as usual up in the blue, his credibility when it comes to finance and economics is practically ZERO which “coincidentally” is how much Bitcoins will be worth in a not so distant future.

@Klocky: If you are going to assert that the price will drop to near zero, please give your analysis as Rick did for criticism. Baseless criticism is neither helpful or meaningful.

Well, Rick has apparently already made a killing by going all-in. Converting what he has invested two years ago into real cash today should make him a VERY wealthy man indeed.

So what you are saying is that he isn’t really successful…because he’s been right for the last two years while the naysayers have not?

Yea, your statement fails to make any kind of sense, mate.

I seriously doubt that Fakvinge went all in buying Bitcoins, guess that was just hype, but maybe he actually invested a couple of thousand crowns just before Bitcoin crashed and crash it will again after losing its hype and going out of fashion among the IT-heads.

The second half of your statement will be a self evident truth if you substitute the word “Bitcoin” with “Dollar” (or Euro).

Not so sure about the dollar. Even China will turn somersaults to help save that one.

But the Euro took two VA-111’s midships when the ECB started running the printing presses warm in order to meet the promised “unlimited” loans they wanted to issue to countries agreeing to support the EMU.

Once Bitcoin has got momentum and captured 1% of world economy, it is just a matter of time before all other currencies collapse. They do because Bitcoin is a much more technological modern currency, so the old currencies will be very cumbersome to use in comparison. Being able to perform micro-payments at virtually no cost is precisely what many industries want. The potential is huge. Online magazines would be able to perform micro-payments when people click at links, etc.

This is very analogous to what Internet itself was. Microsoft tried to build their own network (MSN), but realized that it is better to let entrepreneurs contribute with the back bone that everybody shares. Bitcoin is exactly the same. The Bitcoin network is divided into two categories; those who make transactions and those who verify transactions. Those who verify transactions get paid doing so (even after the 21 million Bitcoins have been generated). The cost of verifying transactions will be market value with the whole world as the competitive stage. Therefore, Bitcoin is the most equal and fair currency human kind has ever created. Once it has reached critical mass all other currencies will vaporize.

@Datavetaren Ideally your argument is sound, however, when will this happen and will it be feasible with Bitcoin or some other cryptocurrency?

The biggest obstacle to all other currencies collapsing is government. People believe that $$$ have value, not out of free will, but because the most powerful government in the world says so. You need to pay your taxes in USD, not Bitcoins. My guess is that the Bitcoin will be adopted by other nations heavily but shunned in the US because it would be seen as a threat to the fed and big bankers. This might level the global economic playing field against us.

Also if it never reaches so called “critical mass” it could just implode outright. It will be interesting how this pans out over the next 30 years.

And the “laws of economy” have been rewritten how many times the last 100-200 years to account for various technological progressions. Quite many times. It would be totally naiive to believe that the current economic system will survive much longer. After all, the credibility for established financial institutions is not very big after the events since 2007…

Interesting text. I can only hope you’re right. 😉

You should not forget though that the price of a currency is strongly influenced by its velocity. The higher the velocity, the lower is the demand for money thus the lower its price. Bitcoin technical advantages allow for a much higher velocity. It would be easy, for instance, to pay employees on a daily basis. Money would move across borders much faster and so on.
On the other hand, as a non-inflationary currency, Bitcoin does set a stronger incentive for people to save in it (“hoard”, if you will).

[…] The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. – Falkving…. Tweet Author: admin Category: Economie, Nieuws Tag: $, banken, bit, bitcoins, blijheid, coins, dump, e, echte, Economie, NWO, overheid, schijt, steun, vrij, vrijheid, wij Leave a Comment or Cancel reply […]

Ok, time to sell every coin I own. You know when a bubble is about to crash when the taxi driver knows about it – Falkvinge is the taxi driver of bitcoin, the currency tanked just after he went ‘all in’.

With the current velocity in value climb, there’s almost certainly a correction coming. But isn’t your statistics a bit thin, going only on one data point?

Besides, that post still stands – I went all in, and having made a 7x return on money in two years is still phenomenal by any measure, regardless of what happened in between.

Well, if you’re worried about the “taxi driver” problem, don’t. I work in finance, keep up with the latest technology, and aside from a couple of random mentions of bitcoins that I blew off as being the latest e-cash or Flooz reiteration, didn’t bother paying bitcoins a second look until a few weeks ago. None of my friends, all college-educated and tech savvy, even know what a bitcoin is, let alone want to use one.

I think we’re in the 1990-1995 period of the Internet, where techies knew it was an extension of ARPAnet and thought an Internet-based BBS was pretty cool on their (and my) 9600-baud modems.

This is not to say I think bitcoins will got to $100k+ based solely on how widely recognized they are – this will depend upon market demand. But I think it’s quite safe to say that well under 1% of the potential market (which is itself well under 1% of the total negotiable currency market) has yet to even notice bitcoins.

[…] príliš rád žonglovanie s číslami a už vôbec nie predpovedanie budúcnosti, ale za Falkvingovou logikou je isté […]

We’re doing our part to make sure the Bitcoin economy continues to grow and become more widely known by those outside the base it has now.

We launched Bitspend.net on Sunday, and we’re allowing anyone to purchase anything online – an dpay using their Bitcoins. We’re launching a ‘total anonymity package’ next week as well, which will allow you to once and for all make truly anonymous purchases with your Bitcoins from ANY online retailer!

Your article is extremely well written, and we can only hope your views for the future of BTC are even remotely accurate

And we’re thankful to you for coming out with such a service. I can’t wait for it to become available in Europe, because ever since PayPal boycotted Wikileaks I’ve stopped all interactions with them and this has drastically limited my options on the international retail market (especially on eBay). I’d love to finally have a way to circumvent PayPal’s transaction market dominance and your service does seem to promise that, hopefully for the not-so-distant future.

What we are seeing is floods of money coming in from the Chinese market via MTGOX. As soon as MTGOX starts posting deposits onto their customers account which seems to start happening at 8am Japan time weekdays, the BTC price surges upward and tends to settle down about 9hrs late.. Weekends there is very little activity because there is no way for bank deposits to actually be posted to customer’s btc exchange a/c

Are the Chinese getting btc fever??

[…] źródło: TrysteroBlog @ twitter.comPozostawiam do indywidualnej interpretacji. Mogę tylko wspomnieć, że Bitcoin zyskuje w stosunku do złota mniej niż w stosunku do USD i innych “fiat money” (pieniędzy papierowych opartych wyłącznie na zaufaniu). Może dlatego, że złoto trudniej wyprodukować niż USD.Niektórzy sugerują, że kurs BTC może w perspektywie miesięcy czy lat poszybować do 1000 dolarów czy więcej…falkvinge.net – target value for bitcoin […]

Your analysis makes perfect sense in terms of the numbers(percentage of transactional market) and constraints(limited number of bitcoins and increasing difficulty of mining).

However, long before we reach 1000USD per coin I believe the US and other governments would step in., i.e., this would be viewed as a serious threat as it is not controlled by a central banking system.

I am interested to see what will happen this year

I don’t think they will. It’s moving too fast. And Wall Street is already investing. Once you get to some critical mass then they don’t dare shutting it down (read Lehman Brothers). Second, if a lot of people are investing the voters will force politicians to keep it. It only takes a few countries not join the ban to keep Bitcoin a success, e.g I can imagine that Beppe Grillos voters in Italy would be happy with Bitcoin.

Perhaps you are right. I guess we will have to wait and see what happens.

At the very least I don’t think it’s a bubble at all, and it’s all been very interesting, and profitable. Since I made my investments the value has gone up by a factor of 6.

I’m certainly not going to sell.

Also, should not be forgotten that it is censorship resistant by nature. No regulation or violence is strong enough to solve the math problem.

@Falkvinge
Is there any way we can influence Europarl? Like the flowers we gave after the ACTA vote. Perhaps handing out USB sticks with Bitcoin wallets containing a small amount of BTC?

Handing money to MEPs? Not a good idea, that’s bribery. Look up Ernst Strasser.

It’s been an amazing evolution during the last few months. If you had invested all your money on Bitcoin when it was worth $13 you’d have doubled your money in less than two months. What will 2013 bring to Bitcoin? If you still don’t use this virtual currency, start here now! Don’t miss the boat! – http://thebitcoinmaster.blogspot.com

You got all wrong, the target value is

There is an anonymous corporation called GBBG Bit Billions that is cashing in on the bitcoin craze and is set to disrupt multiple giant online corporations like Google, etc. Just click on my website for more info.

[…] The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. Bitcoin’s value is at an all-time high again. Following the hype peak and crash in 2011, many seemed to have thought it was just another dotcom fluke. But bitcoin was much more than that, and it has returned with a vengeance – its market cap is now twice what it was in the 2011 peak, and it is nowhere near its potential, which is four orders of magnitude above today’s value. […]

[…] Leer artículo completo, en inglés /* bitcoin en español, Economía, futuro, mercado, opinión, precio ← ¡NameCheap acepta Bitcoin! /* […]

In order to capture history for Sweden:

In order to capture history for U.S.

hehe, I just had an idea about bitcoin online shops…

Let’s say you decide to sell iPhones or popular cell phones and tablets for bitcoins…
since the value of bitcoins is going to steadily rise, you could intentionally undercut the price even more, and then by having those bitcoins rise in value later on, compensate for your lower price or even make lots more money on each sale (hypothetically) 😀

Of course, you’re gonna have to have a few € to spare, since you are basically speculating (but bitcoin is rising, without a doubt!)

That’s a very clever observation.

[…] tror att det kommer att förändras med tiden. Någon brådska är heller inte nödvändig – Rick Falkvinge har förutspått att Bitcoin får sitt stora genombrott först […]

Where are you guys buying bitcoins? I bought 5 at coinbase.com which looks to position itself as the “PayPal for bitcoin”. But, I wonder if I can get my bitcoins out of coinbase.com and deposit them somewhere else.

I tried downloading the mac client, but after 2 weeks of download the block chain I gave up on it. It is the one thing keeping me from investing more money. If you have to have a computer science degree to use the currency, it will never catch on.

If you have an older, low-spec computer and a slow internet connection (one or both of which are obviously your problem) you have no need for the full client and the entire blockchain.

Use an internet client. They’re quite secure enough for small amounts, they don’t load the blockchain (you use the blockchain on their servers), and they’re instantly usable.

Try blockchain.info, Electrum, or one of those. Hell, you already have a Coinbase account. That’s a wallet too. What’s wrong with that?

How legitimate is Mt.gox to purchase the coins ?

By chance, did you review this infographic on Potential Bitcoin Prices?

[…] *The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000. – Falkving… […]

[…] tro på sin prognos för bitcoins långsiktiga värde står kvar och han meddelar att han har en “signifikant” investering i bitcoin igen. Han verkar dock ha lärt sig […]

[…] das ist erst der Anfang. Bitcoin-Experte Rick Falkvinge schätzt den potenziellen Marktwert auf 100.000 bis 1 Mio Euro pro Bitcoin. Bei einer solchen Wertsteigerung würde wohl die Dezimalstelle nach vorn […]

[…] das ist erst der Anfang. Bitcoin-Experte Rick Falkvinge schätzt den potenziellen Marktwert auf 100.000 bis 1 Mio. US-Dollar pro Bitcoin. Bei einer solchen Wertsteigerung würde wohl die Dezimalstelle nach vorn gerückt […]

[…] das ist erst der Anfang. Bitcoin-Experte Rick Falkvinge schätzt den potenziellen Marktwert auf 100.000 bis 1 Mio US-Dollar pro Bitcoin. Bei einer solchen Wertsteigerung würde wohl die Dezimalstelle nach vorn […]

[…] Falkvinge of the Swedish Pirate party reasoned along these lines, using long term scenarios where Bitcoin represents some part of national economy GDP. Similarly, Max Kaiser conjectures […]

There’s another draw to Bitcoin, how big do you think the global demand will be for a means of cryptographically hiding wealth away from the Government, or your ex wife.
Looked at in those terms, even $1Million looks like a massive underestimate.
Then of course there’s the reality that people will always be forgetting their password or dying without revealing their password, meaning that even when it reaches $1million, it will keep on going upwards.

[…] their wealth. And some people are even guessing that if Bitcoin achieves it's ultimate goals then it could go well into the thousands. Sure it's a lot of speculation and honestly I have no idea which way this thing will end up going […]

[…] going on about the future value of BTC, and how certain events could influence that. Last week I read an interesting article about that. But there is also a lot of speculation about a bubble about to burst. Indeed the recent rise in […]

[…] Bitcoin has consistently been appreciating in value. More than likely you will earn back anything you paid in fees within the next few days of owning a bitcoin. My most recent purchase was for $192 worth of bitcoin and at this time of publication has appreciated to $463 in a matter of two weeks. When you buy a car off the lot after a purchase, it immediately drops in value. There are not many purchases you can make today that will result in you having more money than you put into it. If we help bitcoin thrive and survive, we could be heading for a $100,000+ bitcoin in the next six years. […]

[…] of the articles I’ve been reading has suggested that the currency should be valued at $100,000 or $1,000,000 but the first thing you need to know about Bitcoin is that it’s a […]

This really answered my problem, thank you!

>Furthermore, some people will undoubtedly invest in bitcoin and keep their portion of bitcoin away from the transactional pool, like all people tend to hoard money if they are able. This decreases the amount of bitcoin that must fulfill the market share, further driving up value for each individual bitcoin. As a rough estimate, let’s assume that only one in four bitcoins is actually used in transactions, and the rest are in some kind of savings or investment plans.

I’m not sure that excluding bitcoins are being hoarded as an investment from a calculation of its stable value makes the most sense. Once it became clear that bitcoin had reached a truly steady price, all of those hoarders should cash out and move to some other investment.

There is a huge flaw with bitcoin’s underlying fundamentals in that MANY bitcoins over the years will be lost due to memory failures on flash drives and smart phones being lost or damaged. Even once it is maxed out to 21 million coins, there will be an ever increasing percentage of lost or destroyed coins until there is zero liquidity. Then what? Each trade will have an enormous impact on the price. There should not be any cap on the amount of coins, only a cap on the rate that they are released.

That would defeat the purpose of the bitcoin that is to mimic the behavior of precious metals. Precious metals can’t be mined indefinitely, they eventually run out, and likewise, they may get lost and found only hundreds of years later. If it had no cap, people would just keep mining it, inflating the currency and making it worthless.

[…] af det første piratparti i Sverige, Rickard Falkvinge, lavede i marts en artikel netop det emne (https://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1… ) . Han lavede den antagelse at en fjerdedel af alle de 21 millioner Bitcoins ville blive brugt til […]

Bitcoin true value is in ability of people to use it to do commerce, transfers and trade,
without government or any other control and corporative restrictions.

It’s value when transferring between RL currencies will always fluctuate.

USE coins to do your job, not to speculate on it’s relative price.

Not sure if you are still replying to your article, but I was wondering if I can get some thoughts on the role of competition that plays into your prediction. What if Bitcoin is the MySpace or Internet Explore and some Facebook or Chrome comes along and makes major improvements on the whole Bitcoin concept.

How would you factor this in?

Please reply to my comment as I would love to here your response on this. Thanks!

$1,000,000 for a bitcoin
that would make bitcoin prices look strange
just paying 0.000 001 for small things

I’ve also invested, significantly, in Bitcoins. You Said nobody seems to be doing any kind of due diligence on calculating the future value of Bitcoins. But this and so much more is exactly what we’re start at Canonizer.com, an open survey system designed to measure both what the bleating herds believe, and also what the peer ranked crowd leading “currency experts” believe in comparison.

Of course, the quality of the information and predictions are all based on how many of you participate in the survey. So please provide your opinion about what you think the vaalue of a Bitcoin will be, one year from now: Do you believe in the “Law of the Bitcoin” camp, or do you have some other opinion?

Anyone interested in helping us integrate the contents of this article into the expert survey?

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Bitcoin: 250k US- Dollar in 2020 bei Trendfortsetzung

von Timo Emden

Melden Sie sich noch heute für die wöchentliche Webinarreihe Bitcoin Weekly an um tiefgehendere Analysen zu erhalten.

(DailyFX.de) – BitGO Software- Ingenieur Jameson Lopp schätzt den Wert des Bitcoins auf rund 250.000 US- Dollar bis zum Ende des Jahres 2020. Bedingung dabei ist die Fortsetzung des siebenjährigen Trends. Dabei berechnet er den Trend auf Basis der Tageswertveränderung mit Ausnahme von 2014.

In den vergangenen drei Jahren hat sich der Preis des Bitcoins exponentiell erhöht und stieg um 0,009, 0,22 und 0,.66 Prozent im Jahr 2015, 2016 sowie 2017 auf täglicher Basis an.

Um im Jahr 2020 den geschätzten Wert von 250.000 US- Dollar zu erreichen, müsste eine Steigerung von rund 0,66 Prozent am Tag verzeichnet werden.

Lopp ist nicht der einzige der eine exponentielle Wertsteigerung erwartet. Solch derartige Mondprognosen von 500.000 US- Dollar bis sogar einer Millionen US- Dollar machen schon länger die Runde. Schätzungen solcher Art scheinen auf dem ersten Blick maßlos übertrieben. Jedoch entspricht zumindest Lopp’s eine ledigliche Trendfortsetzung des Kurses, welche als nicht ganz unwahrscheinlich gilt. Die Vorstellung, dass der Bitcoin eines Tages jenes Niveau erreichen kann, stößt bei vielen Anlegern verständlicherweise auf Kopfschütteln. Doch ein Blick in die Vergangenheit offeriert das mächtige Potential und den tatsächlichen Trend.

Dennoch befindet sich der Bitcoin aktuell in einer Schwächephase. Skalierungsdebatten rauben sprichwörtlich Sauerstoff um befreit aufzutreten und zu gedeihen.

Sie suchen eine Methode um ihr Portfolio kapitaleffizient zu schützen? Erfahren Sie mehr.

Die Überhitzungserscheinen vom vergangenen Tag zeigten ihre Wirkung. Ein regelrechter Kurssturz von knapp 600 US- Dollar musste der Bitcoin gestern verkraften. Doch erneut kann der Kurs Unterstützung bei 2.400 US- Dollar finden. Eine Fortsetzung des Trends scheint auch hier wahrscheinlich, um einen erneuten Angriff auf 3.000 US- Dollar zu wagen. Widerstand dürfte m.E. erneut spätestens an dem jüngsten Allzeithoch von 2.980 US- Dollar warten.

Kennen Sie bereits den IG- Sentiment Index ? Erhalten Sie echte Insiderinformationen und erlernen Sie diese für ihr persönliches Trading einzusetzen.

Analyse geschrieben von Timo Emden, Marktanalyst von DailyFX.de

DailyFX stellt Neuigkeiten zu Forex und technische Analysen, die sich auf Trends beziehen, die die globalen Währungsmärkte beeinflussen, zur Verfügung.

Bitcoins vs. Ripples – zwei Kryptowährungen im direkten Vergleich

Bitcoin: Der Marktführer im Portrait

Anleger erkannten früh das Potenzial der Bitcoins

10 Jahre nach der Gründung zeigen auch größere Unternehmen Interesse

Der Social Trading Broker eToro bietet auch Kryptowährungen zum Handel an

Das technische System von Bitcoin – Blockchain

Weiter zu eToro: www.etoro.com

Die negativen Aspekte von Bitcoin – was sagen Kritiker?

Zwei weitere Punkte, die im Zusammenhang mit Bitcoin kritisiert werden, sind:

Das Mining: Das Erschaffen von Bitcoins stellt eine große Herausforderung dar, vor allem in technischer Hinsicht. Wer Bitcoins schürfen möchte, benötigt einen Prozessor mit entsprechender Leistung. Nicht jeder Nutzer verfügt darüber.
Die Menge der Coins am Markt: Der Kurs von Bitcoin hängt von der am Markt vorhandenen Menge an Coins ab. Bekanntermaßen gehören die größten Geldmengen an realem Geld einer eher geringen Anzahl von Menschen. Bei Bitcoin verhält sich dies ähnlich. Hier halten etwa 4 Prozent der Anleger etwa 96 Prozent der gesamten Menge an Bitcoins. Zwar steigt die Zahl der Nutzer kontinuierlich. Allerdings verfügen diese nur über eine kleine Menge der digitalen Währung. Gelangt nun über einen Nutzer eine größere Menge der Coins wieder auf den Markt, so könnte ein Überangebot entstehen. Die Folge: der Kurs sinkt nach unten. Auch wenn dieses Szenario vermutlich nicht eintreten wird, so lässt es sich nicht gänzlich ausschließen.

Neben Bitcoins bietet eToro auch den Handel mit Ripples an

Ripple: Ein weiterer Konkurrent für Bitcoin

Die Währung von Ripple

Das Ziel von Ripple – Peer-to-Peer-Verfahren und virtueller Markt für Devisen

Weiter zu eToro: www.etoro.com

Zahlungssystem – das Vertrauen in die Teilnehmer

Bei eToro ist das Trading auch per App möglich

Kritik an den Ripples – keine wirkliche Kryptowährung?

Das könnte Sie auch interessieren: Bester Bitcoin Broker

Weiter zu eToro: www.etoro.com

Bitcoins vs. Ripples – So unterscheiden sich beide Währungen

OneCoin – das nächste Bitcoin .

http://thecoin.info OneCoin verbindet die Vorteile einer Kryptowährung mit der Stärke und den Vorteilen des Networkmarketing. Dein erfolgreicher Start in die Zukunft heisst OneCoin™!

Du hast die Chance “BitCoin” nicht genutzt?

Wie würde sich Dein Leben verändern, wenn Du diese Chance wahr nimmst und Du ein schönes Einkommen generierst oder von der Wertsteigerung des OneCoins profitierst, so wie die Menschen damals bei BitCoin?

Wer den Start von Bitcoin im Jahr 2008 verpasst hat, bekommt nun seine 2. Chance an der Entwicklung und Wertsteigerung der neuen, erfolgreichen Kryptowährung teil zu nehmen.

Warum steigt der Bitcoin-Kurs?

Der Bitcoin verfügt über all jene Eigenschaften, die Gold über viele tausend Jahre zum bevorzugten Geld der Menschheit gemacht haben: er ist knapp, teilbar, nicht zu fälschen und unverwüstlich. Seit einem Monat steigt der Kurs wieder stetig an. Einige Experten schätzen, dass der Preis eines einzigen Bitcoins langfristig bei 100.000 Euro oder mehr liegen wird.

In den vergangenen Jahren unterlag der Bitcoin deutlichen Schwankungen.

Seit ungefähr einem Monat steigt der Kurs des Bitcoin stetig an. Lag er Anfang Oktober noch bei etwas mehr als 200 Euro, muss man mittlerweile rund 350 Euro für einen Bitcoin zahlen. Wird das wieder eine verrückte Rallye wie im November 2013?

Damals stieg der Bitcoin von rund 100 bis auf knapp 1.000 Euro. Danach folgte zwar eine lange Talfahrt, doch mit 200 bis 250 Euro im bisherigen Verlauf des Jahres betrug der Bitcoin-Kurs immer noch mehr als doppelt so viel wie vorher.

Die Kurve des Bitcoins weist ein eigentümliches Muster auf, das bereits mehrfach aufgetreten ist: zunächst ein steiler Anstieg, dann ein ebenso krasser Absturz, dem eine lange Phase des Herumdümpelns folgt. Der Kurs lag jedoch auch in dieser schwachen Phase jeweils deutlich höher als vor dem Beginn der Rallye. Bereits vier Mal hat sich dies bisher wiederholt.

Schon beim ersten steilen Anstieg des Bitcoins auf rund 28 Euro im Juni 2011 meinten viele, dies könne nur eine Spekulationsblase sein. Der darauffolgende lange Abstieg auf rund 2 Euro veranlasste manche Medien schon damals zur Spekulation über den Tod der Internet-Währung – und das nicht zum letzten Mal. 78 Mal wurde der Bitcoin bereits für tot erklärt, zählt die Website Bitcoin Obituaries („Bitcoin-Todesanzeigen“). Doch immer wieder kehrte der „Honigdachs des Geldes“ deutlich stärker zurück. Bitcoin wird gern mit diesem frechen Tier verglichen, dass dank seines dicken Fells selbst Bisse von Giftschlangen locker aushält und sich mit deutlich größeren Tieren wie Löwen und Hyänen anlegt.

Bitcoin verfügt über zahlreiche Eigenschaften, die ihn zum idealen Geld des digitalen Zeitalters machen. Er kommt ganz ohne Banken, Kreditkartenfirmen oder sonstige Mittelsmänner aus, denen man vertrauen muss und die teils horrende Gebühren verlangen. Bitcoin-Zahlungen laufen hingegen über ein dezentrales Computernetzwerk, an dem grundsätzlich jeder teilnehmen kann. Jeder kann sich die kostenlose Bitcoin-Software herunterladen und damit sofort Geld empfangen oder senden – ohne irgendwen um Erlaubnis zu fragen oder Daten von sich preiszugeben. Bitcoin-Zahlungen sind so gut wie kostenlos und erfolgen in wenigen Minuten, egal ob sie ins Nachbarhaus oder auf einen anderen Kontinent gehen.

Hat man sich einmal an diese praktischen Vorteile gewöhnt, kommt einem das herkömmliche Bankensystem so mittelalterlich vor wie das Verschicken einer Nachricht per Postkutsche im Vergleich zur E-Mail. Doch der Hauptvorteil des Bitcoin ist seine streng reglementierte Knappheit. Während Mario Draghi jederzeit nach Belieben Milliarden neuer Euros aus dem Nichts erzeugen und damit die Ersparnisse aller Bürger abwerten kann, ist die Menge an Bitcoins durch die in der Software fest verankerten Regeln begrenzt. Niemand hat die Macht, die Bitcoin-Software dazu zu bewegen, mehr als 25 neue Bitcoins alle zehn Minuten zu erzeugen. Im Sommer 2016 wird dieser Zufluss an neuen Bitcoins automatisch halbiert. Diese Halbierung neu hinzukommender Bitcoins findet etwa alle vier Jahre statt, bis im Jahr 2140 die mathematisch mögliche Obergrenze von 21 Millionen Bitcoins erreicht sein wird.

Bitcoin-Versteher Aaron Koenig: Das passende Geld für alle. (Foto: Josefine Cantú)

Der Bitcoin verfügt über all jene Eigenschaften, die Gold über viele tausend Jahre zum bevorzugten Geld der Menschheit gemacht haben: er ist knapp, teilbar, nicht zu fälschen und unverwüstlich. Zusätzlich hat er den großen Vorteil, dass man ihn ohne nennenswerte Kosten über das Internet schicken kann. Ein Gut, das einen so großen Nutzen hat und gleichzeitig knapp ist, muss nach den Grundgesetzen der Wirtschaftslehre einen Wert haben. Wie jedes Gut, das auf einem freien Markt gehandelt wird, kommt der Preis durch das Zusammenspiel von Angebot und Nachfrage zustande. Da das Angebot an Bitcoins streng begrenzt ist, die Nachfrage jedoch stetig steigt, ist es nur natürlich, dass auch der Preis langfristig steigt.

Im Jahr 2014 gab es einige Ereignisse, wie etwa den Konkurs der lange Zeit führende Bitcoin-Börse Mt. Gox und die gewaltsame Schließung des freien Marktplatzes Silk Road, die viele verunsicherten und zur Talfahrt des Bitcoins beitrugen. Massenmedien berichteten kaum noch über den Bitcoin. Doch die scheinbare Zeit des Stillstands war in Wirklichkeit für das Bitcoin-Ökosystem äußerst produktiv. Über eine Milliarde an Wagniskapital wurde in Firmen investiert, die nützliche Produkte und Dienstleistungen rund um den Bitcoin anbieten. Viele Banken und sonstige Finanzdienstleister haben begonnen, sich für die Bitcoin zugrunde liegende Blockchain-Technologie zu interessieren, die viele ihrer Prozesse verschlanken und verbilligen kann. Immer mehr Regierungen haben begriffen, dass man die Bitcoin-Wirtschaft besser nicht durch überflüssige Regulierungen bremst, da der Bitcoin durch sein Software-Protokoll bereits streng reguliert ist. Die Zahl der Bitcoin-Transaktionen steigt stetig, sie hat sich im letzten Jahr mehr als verdoppelt. Mehr als 100.000 Online-Shops akzeptieren mittlerweile Bitcoins, darunter Größen wie Dell oder Microsoft. Diese Eckwerte sind letztendlich viel wichtiger als das Verhältnis des Bitcoins zu Euro oder Dollar.

So war es nur es eine Frage der Zeit, bis sich auch der Kurs des Bitcoins erholt und den wahren Wert des Bitcoins widerspiegelt. Einige Experten schätzen, dass der Preis eines einzigen Bitcoins langfristig bei 100.000 Euro oder mehr liegen wird. Und eines ist sicher: sollte der Kurs dann mal wieder auf 50.000 Euro absinken, werden die Medien das als „historischen Crash“ bezeichnen und erneut den endgültigen Tod des Bitcoins verkünden. Aber daran haben wir uns ja gewöhnt.

What’s Bitcoin exactly, and should you invest in it?

Bitcoin, the best-known of the upstart digital currencies, is still a mystery to many people in America, Europa or Asia.

If you’ve heard about Bitcoin, it’s mainly from startling headlines about its 600% price gain earlier this year or its surge to nearly $7’000 last month or even more this month, making it the the most valuable player in the mushrooming space for so-called cryptocurrencies. Or because Wall Street or bankers skeptics call it a “fad,” a “fraud” and a “speculative bubble.”

What’s Bitcoin exactly, and should you invest in it?

Believers in Bitcoin say it’s the money of the future, a digital alternative to the dollar or euro or yen. Non-believers say it’s not real money. After all, you can’t dig into your pocket and pull one out like a $10 or Euro bill and hand it to a cashier at Starbucks to pay for your morning coffee.

Some investment pros say it’s a new asset class, no different from a stock, a bond or an ounce of gold and that it has great investment promise. Skeptics say it’s not an investment because there’s no good way to value it.

So what exactly is Bitcoin?

Bitcoin is a digital currency and digital payment system that allows people to send and receive Bitcoins — or digital tokens — to anyone, anywhere in the world. It runs on a decentralized network of computers in which all transactions are recorded, verified and updated by technology known as blockchain, which is akin to an online public ledger. Unlike traditional payment networks such as Mastercard, Bitcoin isn’t owned by anyone. There’s no central authority, such as a bank or government, that’s in charge of it.

How do you buy Bitcoin?

An easy way to get started is to set up an account with a Bitcoin exchange, such as Coinbase ((U.S.-based) or bitpanda.com (Austria-based) which allows you to purchase Bitcoins with money from your bank account or credit card. And just like a Stock Exchange (the New York Stock Exchange or like Börse Frankfurt) is a place you can go to buy and sell stocks such as Apple, Amazon or Siemens, these exchanges will let you trade cryptocurrencies.

How do I access my bitcoin “money”?

Bitcoins purchased on an exchange or received in a transaction can be stored and accessed in a so-called „Bitcoin Wallet,“ which is like a bank account. A Bitcoin Wallet lets you receive Bitcoins, store or save them and send them to others. There are apps that allow you to install a Bitcoin Wallet on your computer or mobile device.

Where can I spend it, and what can I buy with it?

You can spend your Bitcoin at any retailer set up to accept Bitcoin as money to pay for purchases. But Bitcoin hasn’t yet enjoyed widespread adoption, and those retailers that do accept it are mostly set up online.

You can use Bitcoin to buy more than 1,000 products for example at discount retailer Overstock.com or you can also go online and use Bitcoin at Microsoft to buy apps, games and videos on Xbox. Use Bitcoins to book airline tickets from CheapAir.com or hotel rooms from Expedia and and and.

How are Bitcoins priced?

The price is determined by supply and demand — and market forces. The Bitcoin supply will be limited to 21 million, and currently there are roughly 16.6 million.

Whether Bitcoin rises or falls in value depends on whether investors believe it will gain widespread acceptance, whether it can avoid being shut down by governments and whether it can continue to dominate the digital currency market or be surpassed by one of more than 1’100 other cryptocurrencies.

What do investors need to know about Bitcoin?

Bitcoin has gained most of its notoriety as an investment. A single Bitcoin ended 2016 at around $950 but skyrocketed to nearly $7’500 on Nov. 5. That’s a gain of around 650%. But one of Bitcoin’s downsides is that it has proved to be wildly volatile. One week after hitting its 2017 peak, it had given back more than 25% before rallying back 20% to around $7’000 Friday.

BLAST YOUR BITCOINS

So what are its characteristics?

Bitcoin has several important features that set it apart from government-backed currencies.

1. It’s decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.

2. It’s easy to set up

Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.

3. It’s anonymous

Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…

4. It’s completely transparent

…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.

If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.

There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

5. Transaction fees are miniscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

6. It’s fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

7. It’s non-repudiable

So, bitcoin has a lot going for it, in theory. But how does it work, in practice? Read more to find out how bitcoins are mined, what happens when a bitcoin transaction occurs, and how the network keeps track of everything.

What experts says about Bitcoin…

If you have questions on this topic, please write me on LinkedIn, Skype or Email me.

I will gladly coaches you with all my marketing experience and my strength to your personal success. You have the possibility to get in touch with me immediately via Skype or email.

bitcoin news

Table of contents

Bitcoin News

news.Bitcoin.com is the world's premier 24/7 news feed covering everything bitcoin-related.
news.bitcoin.com

The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers .

The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers. By. Tom Metcalf. May 9, 2018, 2:00 AM PDT. Xapo's Casares is Bitcoin's 'Patient Zero' in Silicon Valley. Fingerprint . Have a confidential news tip? Get in touch with our reporters.
www.bloomberg.com

Bitcoin News (@BTCTN) | Twitter

The latest Tweets from Bitcoin News (@BTCTN). Official Twitter account for https:/ /t.co/Y3Sm6N0oR5. Follow us for all the latest Bitcoin news and services!
twitter.com

Bitcoin News - Cointelegraph

Read on Cointelegraph the top latest news and predictoins of cryptocurrency Bitcoin (BTC) and price analysis from around the world.
cointelegraph.com

Bitcoin Sees Wall Street Warm to Trading Virtual Currency - The .

May 7, 2018 . Following Goldman Sachs's moves to begin trading Bitcoin, the New York . The news of the virtual exchange, which has not been reported .
www.nytimes.com

Bitcoin still a buy says blockchain venture capitalist

1 day ago . Bitcoin is still a buy despite continued losses, says blockchain . if the ICOs don't work out, that could be bad news for the platform its built on.
www.cnbc.com

What It's Like To Be Absolutely Obsessed With Bitcoin (HBO .

Dec 11, 2017 . Over the past year, the price of a Bitcoin has skyrocketed from less than . NEXT on bitcoin - http://bit.ly/2BDCMLh Subscribe to VICE News .
www.youtube.com

Early tech investor says bitcoin will be bigger than the internet

Apr 23, 2018 . Early internet investor Tim Draper says bitcoin will be bigger than his early investments in Tesla, Hotmail and Skype combined.
www.cnbc.com

Goldman Sachs to Open a Bitcoin Trading Operation - The New .

May 2, 2018 . Justin Schmidt, left, who will run Goldman Sachs's Bitcoin operation, with . You will receive emails containing news content, updates, and .
www.nytimes.com

Plymouth news briefs, May 5

Man City news LIVE

Manchester City recorded another emphatic win as they continued to celebrate their Premier League title triumph with a comfortable 4-1 victory over West Ham. The Blues got off to the perfect start when Leroy Sane saw an ambitious long range effort deflect off Patrice Evra and find the back of the net. Things soon got better for Pep Guardiola and his side as Kevin de Bruyne saw his low cross hit former
Mon, 30 Apr 2018 10:51:00

Plymouth news briefs, April 28

History: More Fake News

No spam pledge: We'll never rent, misuse or abuse your email address. As Capital & Conflict is a free email published by Southbank Investment Research Ltd, you will occasionally get some carefully selected advertising messages from us and third parties. By signing up to our Capital & Conflict email, you are consenting to receive these promotions. You can unsubscribe from Capital & Conflict at any time. See our Europe is doomed! Fair
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суббота, 16 июня 2018 г.

bitcoin_wertsteigerung

Bitcoin Price (BTC - USD)

GO IN-DEPTH ON BITCOIN PRICE

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NEWS FOR BITCOIN PRICEMore

INFO ON Bitcoin

BITCOIN HISTORICAL PRICES

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About Bitcoin Price

Bitcoins vs. Ripples – zwei Kryptowährungen im direkten Vergleich

Bitcoin: Der Marktführer im Portrait

Anleger erkannten früh das Potenzial der Bitcoins

10 Jahre nach der Gründung zeigen auch größere Unternehmen Interesse

Das technische System von Bitcoin – Blockchain

Die negativen Aspekte von Bitcoin – was sagen Kritiker?

Ripple: Ein weiterer Konkurrent für Bitcoin

Die Währung von Ripple

Das Ziel von Ripple – Peer-to-Peer-Verfahren und virtueller Markt für Devisen

Zahlungssystem – das Vertrauen in die Teilnehmer

Kritik an den Ripples – keine wirkliche Kryptowährung?

Bitcoins vs. Ripples – So unterscheiden sich beide Währungen

Bitcoin Charts

Bitcoin News

29 Nov 2017 Bitcoin tops $10,000 milestone

14 Aug 2017 Bitcoin price climbs over $4,000

12 Jun 2017 Bitcoin reaches new all-time high: $3,000

11 Apr 2017 Russia’s Finance Ministry: Cryptocurrencies may be recognized in 2018

29 Mar 2017 CRYENGINE now accepts Bitcoin

26 Nov 2016 Consulting firm EY Switzerland accepts Bitcoin

29 Apr 2016 Steam accepts Bitcoin

18 Dec 2014 Major Magazine Publisher to Accept Bitcoin Payments

The Target Value For Bitcoin Is Not Some $50 Or $100. It Is $100,000 To $1,000,000.

Rick Falkvinge

Discussion

Bitcoin: 250k US- Dollar in 2020 bei Trendfortsetzung

von Timo Emden

Bitcoins vs. Ripples – zwei Kryptowährungen im direkten Vergleich

Bitcoin: Der Marktführer im Portrait

Anleger erkannten früh das Potenzial der Bitcoins

10 Jahre nach der Gründung zeigen auch größere Unternehmen Interesse

Das technische System von Bitcoin – Blockchain

Die negativen Aspekte von Bitcoin – was sagen Kritiker?

Ripple: Ein weiterer Konkurrent für Bitcoin

Die Währung von Ripple

Das Ziel von Ripple – Peer-to-Peer-Verfahren und virtueller Markt für Devisen

Zahlungssystem – das Vertrauen in die Teilnehmer

Kritik an den Ripples – keine wirkliche Kryptowährung?

Bitcoins vs. Ripples – So unterscheiden sich beide Währungen

OneCoin – das nächste Bitcoin .

Warum steigt der Bitcoin-Kurs?

What’s Bitcoin exactly, and should you invest in it?

What’s Bitcoin exactly, and should you invest in it?

So what exactly is Bitcoin?

How do you buy Bitcoin?

How do I access my bitcoin “money”?

Where can I spend it, and what can I buy with it?

How are Bitcoins priced?

What do investors need to know about Bitcoin?

BLAST YOUR BITCOINS

So what are its characteristics?

1. It’s decentralized

2. It’s easy to set up

3. It’s anonymous

4. It’s completely transparent

5. Transaction fees are miniscule

6. It’s fast

7. It’s non-repudiable

What experts says about Bitcoin…

bitcoin news

Bitcoin News

The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers .

Bitcoin News (@BTCTN) | Twitter

Bitcoin News - Cointelegraph

Bitcoin Sees Wall Street Warm to Trading Virtual Currency - The .

Bitcoin still a buy says blockchain venture capitalist

What It's Like To Be Absolutely Obsessed With Bitcoin (HBO .

Early tech investor says bitcoin will be bigger than the internet

Goldman Sachs to Open a Bitcoin Trading Operation - The New .

Plymouth news briefs, May 5

суббота, 16 июня 2018 г.