Bitcoin Still Up 27% This Year Despite Dismal June ...

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07-27 06:14 - 'Which is the best stable coin to store bitcoin value' (self.Bitcoin) by /u/WarRLaY removed from /r/Bitcoin within 24-34min

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bitcoin is above 10k. some of us what to lock in on the gain. What is the best stable to lock in on gain.
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Which is the best stable coin to store bitcoin value
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Author: WarRLaY
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05-26 23:24 - 'The value of one bitcoin is rather high for most people to buy it. However, it can be broken down into 100,000,000 units to have 0.00000001 bitcoins.' (i.redd.it) by /u/ksabastian09 removed from /r/Bitcoin within 27-37min

The value of one bitcoin is rather high for most people to buy it. However, it can be broken down into 100,000,000 units to have 0.00000001 bitcoins.
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Author: ksabastian09
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04-27 02:24 - 'ETH is useful for lots of things bitcoin isn't currently doing / Eth has lots of devs and users for those dapps. / No reason not to own both if you see value and usefulness in them.' by /u/MakeTotalDestr0i removed from /r/Bitcoin within 71-81min

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ETH is useful for lots of things bitcoin isn't currently doing
Eth has lots of devs and users for those dapps.
No reason not to own both if you see value and usefulness in them.
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Author: MakeTotalDestr0i
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03-11 18:27 - 'Lol... Only is crazy world where Bitcoin is no longer peer-to-peer cash but some twisted "store of value" that makes no sense. / Bitcoin was (Bitcoin Cash still is) a medium of exchange.' by /u/CrashDumpTheBook removed from /r/Bitcoin within 90-100min

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Lol... Only is crazy world where Bitcoin is no longer peer-to-peer cash but some twisted "store of value" that makes no sense.
Bitcoin was (Bitcoin Cash still is) a medium of exchange.
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Author: CrashDumpTheBook
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02-27 04:14 - 'How is Bitcoin Cash halving going to affect bitcoin? Do you think we will see miners shifting to bitcoin amd BCH crashing? What does that mean for Bitcoin's value? (All thoughts accepted)' (self.Bitcoin) by /u/watchmecomming removed from /r/Bitcoin within 21-31min

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How is Bitcoin Cash halving going to affect bitcoin? Do you think we will see miners shifting to bitcoin amd BCH crashing? What does that mean for Bitcoin's value? (All thoughts accepted)
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Author: watchmecomming
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Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k. Bought in 2009, currency's rise in value saw small investment turn into enough to buy an apartment in a wealthy area of Oslo.

submitted by zorro24 to worldnews [link] [comments]

"Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k. Bought in 2009, currency's rise in value saw small investment turn into enough to buy an apartment in a wealthy area of Oslo." - /r/worldnews (+3659) [October 30, 2013]

submitted by l_-_-_-_-_-_-_-_-_l to eddit6yearsago [link] [comments]

09-03 20:13 - 'Ethereum rose over 3 percent yesterday, but it lost value when compared to Bitcoin' (decrypt.co) by /u/ginete_tech removed from /r/Bitcoin within 27-37min

Ethereum rose over 3 percent yesterday, but it lost value when compared to Bitcoin
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Author: ginete_tech
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From an article about the Bitcoin DDoS: "The value of most other Bitcoin variants has fallen, dragged down by the drop in Bitcoin itself. The one exception so far is Dogecoin, whose value has risen markedly. It's now the third most valuable cryptocurrency, after its value soared 27% in 24 hours."

From an article about the Bitcoin DDoS: submitted by machinesmith to dogecoin [link] [comments]

bitcoin value as we speak 27 January 2019 | bitcoin value as we speak in indian rupees

bitcoin value as we speak 27 January 2019 | bitcoin value as we speak in indian rupees submitted by ososru to Bitcoin4free [link] [comments]

bitcoin value as we speak 27 January 2019 | bitcoin value as we speak in indian rupees

bitcoin value as we speak 27 January 2019 | bitcoin value as we speak in indian rupees submitted by Rufflenator to 3bitcoins [link] [comments]

04-27 19:43 - 'A. Buy and replace. / B. Bitcoin isn't and will never be substantially "deflationary" monetarily, rather its supply will remain almost exactly constant. / C. If Bitcoin ever becomes a major currency, its value will remain st...' by /u/fresheneesz removed from /r/Bitcoin within 0-10min

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A. Buy and replace.
B. Bitcoin isn't and will never be substantially "deflationary" monetarily, rather its supply will remain almost exactly constant.
C. If Bitcoin ever becomes a major currency, its value will remain stable rather than going up (aka no "price deflation"). Note that falling costs (which have to do with improved techniques and technology) are not the same thing as price deflation (which has to do with increasing value of the currency, which would require a mechanism of currency destruction or a mechanism of currency improvement).
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Author: fresheneesz
1: www.reddit*com*Bitcoin/c****nts/73z*wthe_d***ation*r*_pro**e**pr*ve**ing/*nukj4*/ 2: mise**org/*ibrary/de**at****ry-spira*-*ogey 3: **b.mit***u/*rugman/ww**sp*ral.html 4: c*r*spacia.wor*p*ess.*om/2013****22/bit*oin*and-t*e*deflationa*y*s*i*a*/ 5: *o*nh*ochra**.bl*gsp*t*c*m**014/12/who**s-af*a*d-*f-littl*-*eflati*n-op-ed.*tml 6: www.re**it.com/*/Bi***i*/com*ent**8b68*4/i*_this_commu*ity_*oo_p***bitc**n/dx*jk*5/
Unknown links are censored to prevent spreading illicit content.
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Bitcoin Price Prediction: Long-term (BTC) Value Forecast – April 27 - Bitcoin Exchange Guide

Bitcoin Price Prediction: Long-term (BTC) Value Forecast – April 27 - Bitcoin Exchange Guide submitted by ulros to fbitcoin [link] [comments]

27% of Germans Foresee Bitcoin’s Value Doubling by 2021: Survey

27% of Germans Foresee Bitcoin’s Value Doubling by 2021: Survey submitted by n4bb to CoinPath [link] [comments]

27% of Young Germans Believe Bitcoin (BTC) Will Double in Value Within 2 Years - The Daily Hodl

27% of Young Germans Believe Bitcoin (BTC) Will Double in Value Within 2 Years - The Daily Hodl submitted by ulros to fbitcoin [link] [comments]

04-18 06:33 - 'Bitcoin (BTC) Value to Surge 250 Times In a Decade: Director at Bitcoin’s Competitor Thinks So' (blockpublisher.live) by /u/orchadmris removed from /r/Bitcoin within 27-37min

Bitcoin (BTC) Value to Surge 250 Times In a Decade: Director at Bitcoin’s Competitor Thinks So
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03-27 05:23 - 'Probably, don’t you see his get together still being posted? / Roger is the #1 paid shill for bcash. He’s done a decent job at prolonging it’s value, gotta hand it to him. He probably doesn’t even believe in it, just another s...' by /u/cs001x removed from /r/Bitcoin within 164-174min

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Probably, don’t you see his get together still being posted?
Roger is the #1 paid shill for bcash. He’s done a decent job at prolonging it’s value, gotta hand it to him. He probably doesn’t even believe in it, just another scam he’s OK with pushing.
Can’t wait for some Yakuza dude to slice his head off in public, he’s really screwing with the wrong country.
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Author: cs001x
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Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – March 27

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – March 27 submitted by leftok to atbitcoin [link] [comments]

11-27 17:15 - 'Gotta love you lot’s endless “past behavior predicts future behavior” dance. It doesn’t make you look like a mindless cult at all. / Tell me what the intrinsic value in Bitcoin is.' by /u/ricdesi removed from /r/Bitcoin within 0-7min

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Gotta love you lot’s endless “past behavior predicts future behavior” dance. It doesn’t make you look like a mindless cult at all.
Tell me what the intrinsic value in Bitcoin is.
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Author: ricdesi
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11-27 17:04 - 'But, since everyone is in it just for Reselling To A Greater Fool, then the fundamental value is zero. / To wit, when it starts falling like this, you cannot say "$100 is the absolute bottom," because it could literall...' by /u/FiatSupremacy2046 removed from /r/Bitcoin within 4-14min

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But, since everyone is in it just for Reselling To A Greater Fool, then the fundamental value is zero.
To wit, when it starts falling like this, you cannot say "$100 is the absolute bottom," because it could literally be $00.01 next.
The reason that is different from, say a Golden Dinar Certificate or something, is that gold has a more defined floor.
So the only use case for btc is "Fool Resale," but even that is immoral. I buy at 0 and sell at 20k, so some chump was effectively robbed by me. His life wasn't enriched by me, as is the case with legitimate businesses.
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Author: FiatSupremacy2046
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If the Bitcoin valuation were to reach a pie-in-the sky $2 Trillion in 10 years time, then it would have to increase in value at an average of 27.4 USD per day.

Just a fun figure for you.
From another perspective, calculated exponentially, it would require an appreciation rate of approximately 100% per year, which works out to an approximate increase of ~0.19% per day.
submitted by aaronlasher to Bitcoin [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Bitcoin's Corona Correction: When to buy Bitcoin? (27) KW 33: Bitcoin Kurs auf 250.000 USD?  Langzeitwette Bitcoin  Altcoin Season  Stablecoins Stock Market CRASH Cancelled (Best Bet for Bitcoin Price ... Bitcoin price - Ethereum price, 27 Apr 2020 Bitcoin’s Value Proposition 2020  EASILY EXPLAINED  BEGINNER FRIENDLY  Bitcoin Expert Dan Held

27% of Germans Foresee Bitcoin’s Value Doubling by 2021: Survey. The fall of 2018 bought Bitcoins to a level of USD 4000 which was way off its all-time high. But even with significant devaluation, the confidence that people have in Bitcoin fails to fade away. The same confidence was seen in 27% of Germans who were part of a recent survey where they mentioned that Bitcoin had a potential of ... Silk Road fluctuations. In April 2013, the value of bitcoin peaked at $266 before crashing to a low of $50 soon after. Since then, bitcoin has seen large fluctuations in its value, most recently ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in . Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ... Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has ... Wenn du dir vorstellst, dass [Bitcoin] nur für einen Bruchteil des Welthandels verwendet wird, dann wird es nur 21 Millionen Coins für die ganze Welt geben, also wäre eine Einheit viel mehr wert. Die Werte sind 64-Bit-Integer mit 8 Dezimalstellen, daher wird 1 Coin intern als 100000000 dargestellt. Es gibt viel Granularität, wenn typische Kurse klein werden. Wenn zum Beispiel 0,001 ...

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Bitcoin's Corona Correction: When to buy Bitcoin? (27)

#Bitcoin #Bitcoin_Price #Bitcoin_Today More information: https://cryptodayprice.com Bitcoin Price Today - 27 October 2020 Bitcoin Price Today: 13164,87 US Do... Skip navigation We will be looking at the price of Bitcoin and just how high it can go this year according to the stock to flow chart. The price of gold just hit a 9 year hi... Block: #622151 (Ep: 27) Wh... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect ... Daily Crypto Technical Analysis: 27. 10. 2020 // Bitcoin & Ethereum Price Prediction 🔴 SUBSCRIBE FOR MORE BITCOIN & CRYPTO STRATEGIES, TUTORIALS & NEWS: http...

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