/BlockChain is has gone private due to an extreme influx of ICO scams, snake-oil shills and plagiarized crypto-news blog spam. There is no application process and new members are not being added. Contacting the mod team will not result in an invitation.
Should you Buy Bitcoin? If you understand what it is, and where it's going; then Yes. If you don't know what it is and would sell at any sign of a 5%, 10%, 50%, or more dip; then, No.
Bitcoin is only a safe investment if you understand what it is, and how it will continue to be adopted into this world at this point in its life, regardless of the market price swings in the short term. Because only then will you never cement a loss by panic selling, and then seeing Bitcoin runaway in price while you're still out, therefore losing both your Dollar value and your Bitcoin position value. I've been in Bitcoin for over 8 years now, and have seen many friends, family, and acquaintances come into Bitcoin, and many panic sell and FUD out during a down market. Most eventually coming back after learning more about Bitcoin, but some, for some it takes a long time to return. And for an even smaller few, well they never return, or at least not yet. But in essence, Bitcoin is only a safe investment if someone understands that their amount of Bitcoin is more important than whatever dollar value it has in the short term. That all they should be focused on is acquiring more Bitcoin, and that every 5 years after a halving happens, they'll see their coins grow in value. That they'll grow in value thanks to the math of its limited 21 million total coin supply, the new coin supply getting cut in half by the halvings making a more and more or the total supply being held by hodlers every year, and that its continued adoption into the global markets will always force it to eventually go up in price because those new adopters will always have to find what price those hodlers are willing to sell, finding Bitcoins new value that hodlers are willing to sell each time that happens, regardless of the short term evaluation corrections after a parabolic runs. Corrections mind, you that on average are only 80%, leaving anyone in before a 1000% growth parabolic runs to still being up 200% as long as they bought before the parabolic run started. The .com stock fluctuations were fluctuating on averages of 99% corrections during its first 15 years of life from the '90s to the early 2000s. And the ones that survived those early days were previously the best investments in history before Bitcoin came along. So Bitcoin is holding a better correction in its early day pattern than the biggest internet companies when they started, and its returns have already broken any records they previously held. Records they'll never be able to catch up to as Bitcoin continues its path. If they don't understand this, then even if they don't leave the market, they'll panic sell every time. And for some friends I know, they'll always sell at a dip right before a parabolic run, and then FOMO back in at a new all-time high, only to experience the next correction and sell again at their break-even point. With this, losing more Bitcoin position every time, but maintaining the same initial investment point which in their eyes as a win. I have one friend who came in with 10k in 2013, and today in 2020 is still only at 10k thanks to this pattern of buying and selling. Don't get me wrong, they've been up well over 100k$ at times, but they kept panicking selling at every parabolic run's slightest dip, then buying back in at the new all-time highs, only to then sell low in a repetitive cycle until they broke even. People like that friend try to play the market, and yes while they do win sometimes, that pattern of buying and selling will almost always lead you to get rekt during times of parabolic growth, and correction. Had my friend just held his initial 10k investment in 2013, he'd be a multi-millionaire right now. It's one of the most golden rules with investing in any market. If you try to play it, eventually it will play you. Instead, just find a market on the path of growth, and longevity, and do everything you can to just increase your piece of that market's pie, no matter what the price. If it goes down in price in the short term, then just think of it like a rare Gucci purse or limited edition rare popular shoes that are being released on sale. Buy the damn discount and hold onto that shit until the market catches up with what you know and realizes it's true value. Because of all these experiences throughout the years, if I'm trying to help anyone start buying Bitcoin, I tell them to learn about it first before buying any. To learn what it is, study its history, it's adoption growth, where it can be adopted, where it is being adopted, what it's limited 21 million coin supply is, and about what the halvings mean to its long term value. How it can and will be used, how they can protect it, etc. I always want them to learn enough about it to understand why HODLing is so important, and that the only thing that matters is that they increase their Bitcoin supply. That's the safest way to win in this game. Without understanding that, then they're a financial danger to themselves if investing in Bitcoin. Not because Bitcoin is a bad investment, but because they'll be a bad investor.
Bitcoin has gone from 100% dominance to 56.67%, where it is today. The truth is: no matter what "dominance chart" one uses, Bitcoin dominance started at 100% and has been trending down on a lifetime time span. On a macro scale, Bitcoin dominance is reaching lower and lower highs.
Andreas Antonopoulos: This whole "what is ETH supply" thing is a silly gotcha that doesn't make much sense if you understand how Ethereum works. It's no better than the silly gotchas Schiff and Roubini level at bitcoin.
What is the real case for $50k+ Bitcoin? And why is it not equally possible that price discovery tops out at $20-$25k?
Once BTC hits a certain value, it's a mental barrier to new entry or for HODLers to buy more. BTC can't just split 5-1 like Tesla to fool people into thinking it's cheaper. I'm looking forward to reading some well-thought out comments outside the "scarcity bro!" argument. Happy HODLing y'all!
An Eventful Year for Bitcoin and the Global Economy
https://preview.redd.it/zq5gmq198eu51.png?width=1196&format=png&auto=webp&s=f5907ffb5747afeb19e3d8091b89029b2f67496c Source: CoinGecko, Bitcoin Price Chart from January 1, 2020 to September 29, 2020 2020 was undoubtfully an eventful year, due to the aftermath of COVID-19, for the global economy. Bitcoin, also known as "Digital Gold", was also unable to avoid the impact of the pandemic. Earlier this year, Bitcoin was moving sideways from the 8,000 to 9,000 US dollar levels, but when the global stock market plunged around the end of March, it fell to around 4,000 USD in a very short period of time. Many economists were pessimistic about the prompt recovery of the global economy based on past experience of the subprime financial crisis and the worsening of the COVID-19 situation. Nevertheless, thanks to the emergency stimulus policies from many countries, the global stock market rose up again very quickly and showed record-breaking high points every day as if nothing happened. Bitcoin also broke through the 10,000 USD line in August this year, rising to the point close to 12,200 USD. In the course of Bitcoin's rise, the fluctuation of Bitcoin moves almost like the fluctuation of the U.S. stock market, showing a perfect coupling with the U.S. stock market.
How Will The US Election Impact The Fate of NASDAQ and Bitcoin?
https://preview.redd.it/8llk5sw98eu51.png?width=592&format=png&auto=webp&s=01ecaa5284c8b8995cc2ebcf9ea8b5b8248feeb7 Source: Investing.com, NASDAQ chart before and after the US Election on Nov 6, 2012 The US presidential election is scheduled for November 3, 2020. Financial and cryptocurrency traders around the world paying close attention to this election, and we know why by checking the chart above which shows NASDAQ prices before and after the past presidential election. At the time of the US presidential election on November 6, 2012, the NASDAQ was moving sideways around the 3,000 USD level, but it showed a steep rise right after the election, breaking the 4,000 USD level the following year, showing tremendous upside. The NASDAQ flow chart at the time of the US election on November 8, 2016, is similar. NASDAQ, which was about 5,400 USD during the 2016 election, showed a rise, breaking the 6,000 USD mark the following year after the election. Because of this, financial and cryptocurrency traders around the world have keen eyes for this year's US election, and the majority of traders are expecting a huge rise in global stock markets and Bitcoin prices. Also, in the case of Bitcoin, the expectation is increasing even more since this is the post halving season. Traders ALWAYS come first on MCS. Thank you. MCS Website:https://mycoinstory.com/ MCS Official Twitter (EN):https://twitter.com/mycoinstory_mcs MCS Official Facebook:https://www.facebook.com/MyCoinStory.official MCS Telegram Chat (EN):https://t.me/mycoinstory_EN
Bitcoin-Wallets enthalten einen geheimen Datenblock der privater Schlüssel oder "Seed" genannt wird. Er wird verwendet, um Transaktionen zu signieren, wodurch der mathematische Beweis erbracht wird, dass sie vom Eigentümer der Wallet kommen. Bitcoin Up ist eine automatisierte Handelssoftware, welche durch das Trading mit Bitcoin – also sowohl den Kauf und Verkauf von Bitcoin – für seine Nutzer einen maximalen Profit erzielen soll. Solche Trading Bots nützen einen Algorithmus, also ein Programm, das speziell für den Handel einer bestimmten Anlage entwickelt wurde, im Falle von Bitcoin Up also Bitcoin. . Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin (Währungskürzel BTC) ist eine digitale Kunstwährung. Sie wird momentan hauptsächlich bei einigen Online-Diensten akzeptiert. Da es sich bei Bitcoins nicht um ein gesetzliches ... „Der Bitcoin Macht Menschen Reich. Und du könntest dich weiterentwickeln zum Nächsten Millionär.“ Ein verlockender Slogan, der sich in der Realität aber nicht halten lässt. Zum Millionär wird man mit dem Einsatz der Software mit sehr, sehr großer Wahrscheinlichkeit nicht. Also sollte man lieber direkt mit gemäßigten Erwartungen an dieses experimentelle Investment herangehen ...
A quick guide on the Bitcoin blockchain and how to buy BTC with a wallet. How to mine cryptocurrency: https://www.youtube.com/watch?v=U9JIanRXsfU Coinbase: h... The most watched Bitcoin introduction video ever. Updated in April 2014, this video explains how bitcoin works and the importance of this paradigm shifting t... Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... Download Zebpay now: http://app.zebpay.com/youtube-whatisbitcoin Please like and share this video and help us spread bitcoins :) 1:49 - History of money 5:47... Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came...