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Showing 8 of 8 results by Macy Jones
Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC
If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them
People who are holding bitcoin will earn profits when it's price increases. So it is normal for them to be happy.If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.
This is interesting. I think many people prefer bitcoin because it involves less cost and it is an instant method.Hello everyone I hope everyone is staying at home , today I stumbled across an article about Bitcoins and I would love to share some interesting facts about Bitcoins :')
1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .
2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .
3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.
4. A smaller unit than Satoshi is in use now called msat!
5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .
6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)
7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)
8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)
9. There are around 70 forks related to Bitcoins.
10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )
11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)
12. Lightning network can hold millions of transactions per second! ( Trust me that's good )
13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .
https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/
There are around 40 facts here , feel free to read and share some of your own 😊 .
This seems really interesting. I will go through the whole article. Thanks for sharing 1. Apparently people in the community are using Honey badger as the unofficial mascot of Bitcoins .
2. Apparently in 2010 due to a bug 184 billion BTC were produced 😂 , don't be so happy guys this error is already erased .
3. The maximum number of Bitcoins is not actually 21 millions but actually 20.99 something.
4. A smaller unit than Satoshi is in use now called msat!
5. Bitcoin's uptime is covered apparently 99.99% which is supposed to be an amazing thing if a centralized body achieve it .
6. The Disappearance of Bitcoins is actually connected with CIA when a person named Gavin actually went and complained about him. - creepy - (I don't think he would have disappeared if all he did was say good things about him)
7. The first Faucets actually gave 5 BTC ! *5* to each visitor ( why did I not know of this before 😭)
8. It is only used 10% for the crime thing ! ONLY 10% !
(For people asking me to back it up 😂 "
Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent. A special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously.", Read about it first !)
9. There are around 70 forks related to Bitcoins.
10. Mining consumes much energy as a mid size country 😅 ( we gotta use some renewable sources soon enough )
11. The first transaction for Bitcoins was made for PIZZA !(first time when it was used as a Currency)
12. Lightning network can hold millions of transactions per second! ( Trust me that's good )
13 . Since 2017 the Bitcoins have achieved higher transactions compared to PayPal related to values .
https://www.coinmama.com/blog/40-surprising-facts-about-bitcoin/
There are around 40 facts here , feel free to read and share some of your own 😊 .
How does Bitcoin work?
Bitcoin is a completely virtual currency. It does not require a bank to transact or save. Although it cannot be touched or touched, its use is similar to that of ordinary coins. Bitcoins are used to purchase products and services online. Many people keep depositing bitcoin in the hope of future price increases. Bitcoin transactions are done through peer-to-peer system. Bitcoins are stored in the user's wallet. Wallets can be both online and offline. Wallet is a kind of personal small database. This database can be stored on computer drives, smartphones, tablets or cloud storage. Various applications have also been created for use as wallets.
Each wallet has a specific address. This address is encrypted. Bitcoin transactions are made by transferring bitcoins from one address to another. Each transaction is recorded in an open ledger called Blockchain. One bitcoin is added to the network after each transaction is completed. This is called bitcoin mining. Blockchain and bitcoin mining are two important issues in the Bitcoin transaction system.
Bitcoin is a completely virtual currency. It does not require a bank to transact or save. Although it cannot be touched or touched, its use is similar to that of ordinary coins. Bitcoins are used to purchase products and services online. Many people keep depositing bitcoin in the hope of future price increases. Bitcoin transactions are done through peer-to-peer system. Bitcoins are stored in the user's wallet. Wallets can be both online and offline. Wallet is a kind of personal small database. This database can be stored on computer drives, smartphones, tablets or cloud storage. Various applications have also been created for use as wallets.
Each wallet has a specific address. This address is encrypted. Bitcoin transactions are made by transferring bitcoins from one address to another. Each transaction is recorded in an open ledger called Blockchain. One bitcoin is added to the network after each transaction is completed. This is called bitcoin mining. Blockchain and bitcoin mining are two important issues in the Bitcoin transaction system.
Yes that's correct, It is basically a software. Bitcoin is a digital currency, a decentralized system which records transactions in a distributed ledger called a blockchain.
Is it true that Corona Virus may effect trading?
Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.
Coronavirus has a direct impact on financial markets and forex trading and it will continue to do so for a long period of time. There is high volatility in the market due to COVID-19 Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.
Let's dive in n take a look Why risk management is so important ?
If you enter a $100 trade and lose 15%, you’re down to $85.
If you make 15% profit on your next trade, now you have $97.75
It's harder to recover losses than to preserve funds. Don't think how much you can make on a trade. Think of how much you can lose on a trade. Risk-Reward ratio is key.
Also win % does not make a successful trader, but strategy and risk management do.
For example:
One trader has a 60% win rate but his portfolio is down 6% using a 2/1 risk-reward.
Another trader has a 30% win rate but his portfolio is up 12% using a 1/5 risk-reward.
So, it’s necessary to have very strict rules on risk management that help you to always preserve the capital and not to take crazy risks.
Risk management helps cut down losses. It can also help protect a trader's account from losing all of his or her money. The risk occurs when the trader suffers a loss. If it can be managed it, the trader can open him or herself up to making money in the marketIf you enter a $100 trade and lose 15%, you’re down to $85.
If you make 15% profit on your next trade, now you have $97.75
It's harder to recover losses than to preserve funds. Don't think how much you can make on a trade. Think of how much you can lose on a trade. Risk-Reward ratio is key.
Also win % does not make a successful trader, but strategy and risk management do.
For example:
One trader has a 60% win rate but his portfolio is down 6% using a 2/1 risk-reward.
Another trader has a 30% win rate but his portfolio is up 12% using a 1/5 risk-reward.
So, it’s necessary to have very strict rules on risk management that help you to always preserve the capital and not to take crazy risks.
Bitcoin future price of $1 million comes true in 2020, that would give it a total market capitalization of $15 trillion. Going back to McAfee's prediction, Bitcoin would need to increase its value by more than 4,900% from its all-time high of $20,000.
Check the link follow the instruction: https://www.coindesk.com/market-wrap-some-miners-face-an-uncertain-future-despite-rising-bitcoin-price
Bitcoin will reach a price of $50,000 by late 2020. He also believes that the market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years.
https://cdn.steemitimages.com/DQmWchMRiGB4FRGMc3EQfphq6fraA83Em9RKUHCV2ob9jat/gggg.jpg
Billionaire Michael Novogratz has invested approximately 30 percent of his fortune in cryptocurrencies. He began investing in 2015 and announced a $500 million cryptofund, which includes $150 million of his own fortune, in 2017. So i think it will be going for everyone future.
With the bitcoin halving event around the corner, there will be less than half of the usual supply of bitcoin being sold on the open markets. As a result, "Assuming the demand stays relatively similar, the outcome of the event will trigger an increase in bitcoin price."Check the link follow the instruction: https://www.coindesk.com/market-wrap-some-miners-face-an-uncertain-future-despite-rising-bitcoin-price
Bitcoin will reach a price of $50,000 by late 2020. He also believes that the market cap of all cryptocurrencies will burst up to a whopping $2 trillion (from the current $150 billion) within the next 10 years.
https://cdn.steemitimages.com/DQmWchMRiGB4FRGMc3EQfphq6fraA83Em9RKUHCV2ob9jat/gggg.jpg
Billionaire Michael Novogratz has invested approximately 30 percent of his fortune in cryptocurrencies. He began investing in 2015 and announced a $500 million cryptofund, which includes $150 million of his own fortune, in 2017. So i think it will be going for everyone future.