Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin.
How will funds be repaid back? If you held bitcoin there at the time, are they going to refund 20%(estimated funds left) of the value of what that would have been at the time, or pay back 20% of the bitcoin you were holding?
Lets say you had 10 BTC on mtgox at the time of the breach. Estimates are reporting that there is something like 20% of funds left. Does that mean someone with 10 btc would receive 2 bitcoins back? Or if those 10 btc were about 1000$ at 100$/btc, does that mean you'll only receive $200 back? IMHO it would be absolutely senseless to let others continue to profit off of the theft. I sincerely hope that the funds are at least paid back how they were stored on there.
Can someone honest to god tell me what the difference between Bitcoin's growth and the DotCom Bubble is? Will we ever see bitcoin undergo the same fall in value as did the "unstoppable" DotCom companies back in 2001?
this is a completely serious post I'm just curious to hear a variety of opinions.
Can someone pls explain to me: What happens if a government / conglomerate decides to start their own cryptocurrency, and enforces mass adoption - what happens to the value of bitcoin? I had a discussion with friends and many of them would prefer to own crypto 'backed by government'.
Honest Question? Why is everyone patting themselves on the back for holding onto alts when, regardless of bitcoin golds value, almost noones alt portfolio matched what bitcoin did?
Not trying to be rude. It's either people not understanding the math or everymade make better moves than the market in general. We had a 5-15% gain for most alts which are still are almost all way down compared to peaks where bitcoin is still at incredible highs? Did everyone invest in walton and vert and get neo in that dip and just kill it or please let me know what I am missing. I am one of the people holding the alts and I really do believe they will still move up bast bitcoin either soon or after the fork but.... currently.. anyone who didnt just move to BTC definitely lost out... ignoring BTG completely. Where is the celebration coming from?
What if bitcoins only received such a high value because people from the future had the ability to go back in time and buy them while they were cheap, causing higher demand and therefore heavy inflation in prices
I wrote this essay on whether Bitcoin is a currency or an asset, and what gives a particular coin it's value. I'd very much for anyone to give it a read through and let me know what you think. All feed back is good! Both positive and negative. I always try to learn more. Thanks guys.
"The only value of bitcoin is what the other guy'll pay for it." - Jamie Dimon. You hit the nail on the head there Jamie. This is consensus driven money not government backed (inflationary) promises. /r/Bitcoin
Can someone honest to god tell me what the difference between Bitcoin's growth and the DotCom Bubble is? Will we ever see bitcoin undergo the same fall in value as did the "unstoppable" DotCom companies back in 2001? /r/Bitcoin
Can someone pls explain to me: What happens if a government / conglomerate decides to start their own cryptocurrency, and enforces mass adoption - what happens to the value of bitcoin? I had a discussion with friends and many of them would prefer to own crypto 'backed by government'. /r/Bitcoin
In a sense, bitcoin’s value is derived from our common belief that bitcoin has value. The same is true of the American dollar, the British pound, and the European Union’s euro, as well as nearly every other modern currency. Historically speaking, up until August 15 th 1971 most currencies were backed by a commodity, usually gold or silver. In fact, before the invention of paper money, most ... This disconnect is the result of different perspectives of the definition of “intrinsic value.” Bitcoin is an experimental protocol. Many discussions of Bitcoin compare it to established payment systems and conclude Bitcoin will be a failure. While there are many issues with Bitcoin it is too early to make final conclusions about how it will pan out. Someone looking at the Internet in the ... The same questions on what backs or controls Bitcoin comes up. Confidence is critical when it comes to money. Nobody wants to risk owning crypto when not sure of the value. It might seem nothing is backing the coin. Follow through to understand everything about what backs the cryptos; The Evolution of the Fiat Currency . The fiat currency is the most used form of money. Transacting using money ... Bitcoin will be usefull in the way stocks are , for example a bitcoin can raise or decrease in value without any limit cause is not conected with performance of any company, What Backs Bitcoin. Peter St Onge. As bitcoin goes mainstream, we’re seeing a rise in strong opinions about it. It’s the mac-vs-PC of the currency world. JP Morgan CEO Jamie Dimon, famous for scoring a 25 billion dollar taxpayer bailout, thinks bitcoin is a fraud. Nobel economist Robert Shiller thinks it’s a “fad” and a bubble. The always entertaining Paul Krugman thinks bitcoin is a ...
What gives a dollar bill its value? - Doug Levinson - YouTube
View full lesson: http://ed.ted.com/lessons/what-gives-a-dollar-bill-its-value-doug-levinson The value of money is determined by how much (or how little) of ... What makes Bitcoin and other CryptoCurrencies go up in value? Francis Hunt, stock market trader and educator comments. PLEASE LIKE AND SHARE THIS VIDEO SO WE... 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... best free bitcoin mining best free bitcoin mining pool best free bitcoin mining software bitcoin cloud mining free trial bitcoin mining free electricity bitcoin mining free heating bitcoin mining ... Get Bitcoin Here (and $10 of free Bitcoin!): https://www.coinbase.com/join/58c8d740d0190f01af2284b7 What is Bitcoin? Bitcoin is a decentralized cryptocurrenc...