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Showing 20 of 128 results by Jin xiou
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Board Bitcoin Discussion
Re: Positive News about Bitcoin
by
Jin xiou
on 24/06/2018, 14:20:21 UTC
After the great success and records of the last time, this week failures pursue Bitcoin. The controversy about the size of the block has become exacerbated and threatens with the present division of the network.
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Board Speculation
Re: the reason why bitcoin falls
by
Jin xiou
on 24/06/2018, 14:07:41 UTC
There is nothing special in the fall of crypto. In contrast to, let's say, stock companies or assets such as oil, gold,  digital money has no real price indicators. For stocks, this is the number of customers, the cost of means of production, various types of patents, and so on. For gold and oil - the number of units produced, stocks, demand growth due to new productions (say, chemical). In crypto, it's easier and therefore unusual: pure demand and pure offer.
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Board Bitcoin Discussion
Re: Crypto currency in five years!
by
Jin xiou
on 22/06/2018, 08:57:25 UTC
The situation with the recent start of the  trading revealed the vulnerability of market manipulations with derivatives. Large companies did not actively use bitcoin, and are more focused on blockchain technology. It seems that many market participants are simply waiting for the entire number of coins to be extracted, and only then the digital asset will acquire at least some significant valuation parameter as a rare thing, even if virtual.
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Board Bitcoin Discussion
Re: News: Bitcoin won't be Global Currency
by
Jin xiou
on 21/06/2018, 14:28:41 UTC
Compared to traditional assets, the volatility of the Crypto currency is indeed high. The average annual volatility of fiat money, as a rule, does not exceed 3-4%. For the currency, the exchange rate fluctuations are normal within 20%, sometimes they reach 50%, and the average annual volatility of many crypto currencies exceeds 100%.
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Board Speculation
Re: Is there any fast and easy money here in cryptocurrency?
by
Jin xiou
on 21/06/2018, 14:27:41 UTC
A course of crypto-currency with a small capitalization may fall or rise by 50-100% from one news or the arrival of a couple of large traders. But the volatility of multibillion currencies is also high, because they are characterized by a large volume of trades, and volumes, in turn, involve a large number of traders, each of which seeks to swing the course as much as possible.
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Board Bitcoin Discussion
Re: Why is Bitcoin difficult to understand?
by
Jin xiou
on 21/06/2018, 14:26:05 UTC
Most people are not familiar with financial markets and such concepts as "risk" and "volatility." Not everyone understands the causes of volatility and know which factors may influence the btc growth and its fall
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Board Beginners & Help
Re: Can a blockchain system be destroyed?
by
Jin xiou
on 20/06/2018, 11:53:25 UTC
Attempts by large financial and credit institutions to curb the blockchain are trivial, and centralized analogues of digital assets, resolved in the form of state crypto-currencies, are likely to not be able to compete with decentralized digital assets.
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Board Bitcoin Discussion
Re: Cryptocurrency could help your business or not?
by
Jin xiou
on 19/06/2018, 10:03:26 UTC
I think that the move to crypto will be difficult but soon every business will understand that it has a lot of benefits and it is a must to change to crypto. The way of making transactions is very convenient and simple
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Board Bitcoin Discussion
Re: Best way to store Bitcoin safely ?
by
Jin xiou
on 19/06/2018, 09:55:14 UTC
There are  "banks of bitcoins" - these are network resources that are convenient enough to use. The user is provided with a purse from which it is possible to perform transfers and an "account" from which it is possible to translate cryptonyms into a purse.
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Board Bitcoin Discussion
Re: Bitcoin has no competition
by
Jin xiou
on 19/06/2018, 09:53:46 UTC
I think that this is Ethereum. It is built on the blockchain technology and it is known as one of the most reliable coins. However, I am not sure that this is the real rival of btc because btc is still considered the most powerful coin
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Board Bitcoin Discussion
Re: Future of Bitcoin in India
by
Jin xiou
on 14/06/2018, 20:37:51 UTC
The efforts of the Indian bitcoin-exchanges on market self-regulation allowed the Indian government to reconsider its attitude to the digital currency sector, despite criticism of several politicians who lack knowledge in this area.
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Board Speculation
Re: BIG HOPE FOR BITCOIN
by
Jin xiou
on 14/06/2018, 20:36:41 UTC
Real innovations are not in the bitcoin itself. The most valuable is the underlying technology of the detachment, that is, a decentralized public registry that is transparent and reliable in the sense that it allows people to collaborate in a distributed P2P manner and make transactions with each other without the need for any trusted certification authority or centralized clearing house.
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Topic
Board Speculation
Re: BIG HOPE FOR BITCOIN
by
Jin xiou
on 13/06/2018, 23:37:10 UTC
Since its inception, the price of bitcoin has grown steadily. At the end of 2013, he reached a mark of $ 1,000, and then fell sharply. Bitcoin was overvalued because of speculations that may occur in all financial markets. Often, rising prices can cause a kind of avalanche. You probably noticed that seeing the increase in prices, people are starting to buy more actively, fearing an even higher price increase. This creates massive hysteria. Prices in this scenario can be overestimated artificially.
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Board Bitcoin Discussion
Re: Best way to store Bitcoin safely ?
by
Jin xiou
on 13/06/2018, 23:34:09 UTC
You need to download the site code on the computer, disconnect from the Internet, then select the desired currency and generate in the program the public and private keys, which then need to be printed on paper. The public key, for getting money, can be freely handed out to all the right and left. Closed to send, of course, you need to hide away.
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Board Bitcoin Discussion
Re: How foolish are people who invest in Bitcoin?
by
Jin xiou
on 06/06/2018, 20:13:35 UTC
As for the smooth decrease in the rate of bitcoin, it occurs in a downward long-term trend in small-volume trades. The speed of reducing the cost of bitcoins is affected by bad news, as well as by experienced players with large assets
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Board Off-topic
Re: How wars can affect Bitcoin?
by
Jin xiou
on 06/06/2018, 20:11:37 UTC
I think that bitcoin price depends on such massive events. If there is war, then the price will change, like always wars affect dollar. it becomes volatile and the price increases. I think it will be the same with btc
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Board Bitcoin Discussion
Re: What do you mean when you say Bitcoin is number 1
by
Jin xiou
on 04/06/2018, 20:19:34 UTC
I mean that it gives more freedom and safety than other coins. As for me, this is the best currency choice ever! I will be glad to invest in it and hold in order to sell later when the price increases and I am sure that it will increase
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Board Bitcoin Discussion
Re: Bitcoin in business industry
by
Jin xiou
on 04/06/2018, 20:18:18 UTC
I think that soon many large companies will understand how great the potential of btc is. It will be used as the main currency and everyone will enjoy its great pros. I am sure that btc is going to win in the nearest future
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Board Economics
Re: What will happen to bitcoin?
by
Jin xiou
on 02/06/2018, 20:43:47 UTC
The development of technology always follows the well-known curve of their adoption, which includes a period of exponential growth. And Bitcoin is no exception. Of course, the Bitcoin value that results from the network effect has its own unique features and problems. While the network is relatively small, the entrance and exit of each new group of participants can generate serious price fluctuations
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Board Bitcoin Discussion
Re: Bitcoin is the world’s 6th largest currency
by
Jin xiou
on 02/06/2018, 20:42:15 UTC
Bitcoin is a simple, elegant and modern replacement for the whole concept of money. And it has value for the same reason that it has paper money in your wallet: it simplifies the exchange of goods and services, and this is no longer the case with the fact that we had an antique barter market, but in a modern situation where network interactions through the Internet play a crucial role.