Bitcoin (BTC)

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Bitcoin (BTC) is a pioneering digital currency invented by a yet-unknown individual or group of individuals presented as Satoshi Nakamoto. Early development began in 2008, during the financial crisis of 2008, with the landmark paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” being released on October 31, 2008. The primary purpose of Bitcoin is in the space of P2P financial transactions, though some supporters envision it more as a store of value.

Often called “Digital Gold” for its monetary properties which are similar to gold, the enduring popularity and market resilience of Bitcoin has encouraged the growth of other cryptocurrencies, and as a result it has come to be known as the “mother” or “father” of all cryptocurrencies. Initially limited to all but the most ardent technology enthusiasts, Bitcoin was responsible for convincing the masses that a P2P financial system devoid of middlemen and centralized was in fact possible, a characteristic made possible through its Proof-of-Work consensus algorithm which incentivized good behavior.

Since its inception in early 2009, Bitcoin has been through a number of changes and incidents, yet continues to thrive as the most popular token in the cryptocurrency market. This includes the famous Mt. Gox incident and several such cycles of price spikes and drops. The enduring nature of Bitcoin is a quality that is highly cherished by its proponents. Many tokens have been inspired by it, including similarly envisioned token Litecoin (LTC), which is often said to be the silver to Bitcoin’s gold. Because of the popularity and established nature of Bitcoin, it is often the base pair with which other cryptocurrencies are traded.

In this tag, read Bitcoin (BTC) news, price predictions, opinions and analyses created by users.


Update 8: Cats cryptocurrency prediction experiment!

27 May 2019 1 minute read 2 comments Piet246

After a stable week full of ups and downs I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptocurrency in front of the cat. He chose Ethereum with his paw. Updated result...

Bitcoin Price Continues To Go Up

27 May 2019 1 minute read 0 comments duckmast3r

![](https://cdn.steemitimages.com/DQmPDJjhYrgULBmBCnGaLimxrPfx2ZPo484V1RKmviDKQvz/image.png) The price of bitcoin went up a pretty good amount over this weekend and I'm glad to be seeing this. It's at around 8,720 and yesterday it was at around 8,000...

The rescue

26 May 2019 4 minute read 0 comments Blessed

Its getting clearer now, ...why I was born. I just saved a life who would have possibly died midair in the aircraft I was a passenger in. I was on seat 14F of BOEING 737-300 of AZMAN AIR from Kano to Lagos. Suddenly, his head dropped. A passenger on...

Bitcoin Technical Analysis: Breakout

26 May 2019 1 minute read 0 comments Workin

Bitcoin finally broke up and out of the wedge it’s been consolidating in over the past 2 weeks. Zooming out on the monthly chart, we can see the last swing high (approximately $8,480) was created back in July of 2018. Price has now officially taken...

Setting up a simple crypto trading bot

26 May 2019 4 minute read 6 comments Seperot

This guide is for people that want to do some automated trading, and not burn most of their profits paying for a premium for a service every month.   The Bot   The bot we are going to be setting up today is called Freqtrade It’s a very easy to set u...

Hacker attack!!!

26 May 2019 1 minute read 2 comments ffetuo

  Thousands of office computers in Baltimore, Maryland, as well as in other US cities, were attacked by hackers who demanded to pay them $100,000 in Bitcoins. It is noteworthy that they used for this purpose the Eternally program, which was developed...

Are We Setting the Cryptocurrency Market Up For a Total Failure of Value?

26 May 2019 3 minute read 12 comments Suspect78

Are we setting the cryptocurrency market up for a total failure of value?   At the time of this writing, there are over 1150 different ERC20 Ethereum tokens on the market, with more being added each day. In total, there are more than 2200 different c...

Bitcoin and crypto hackers 2019

26 May 2019 1 minute read 23 comments salahchiva

Be aware of Bitcoin and crypto hackers. Now they are sending out fake wallets updates. Make sure your crypto coins are kept saved on cold wallets. Every time you are sending crypto to any wallet, take a moment and verify the address before you hit th...

Facebook is negotiating with Coinbase and Gemini for listing its cryptocurrency

26 May 2019 1 minute read 2 comments ffetuo

  According to the Financial Times, the leadership of the popular American social network Facebook, led by Mark Zuckerberg, is negotiating with the Coinbase and Gemini cryptocurrency exchanges for the possibility of listing their own media platform t...

Can XRP (XRP) Make You A Millionaire?

26 May 2019 1 minute read 1 comment salahchiva

a friend bought xrp at 4 cents and sold at 3 dollars... he did well... funny, i was one of the guys who told him not to buy a govt coin.... my lesson learned was Not to b emotionally involved with my coins... just use them to make profits... case clo...