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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.
19 Dec 2022 2 minute read 13 comments johnwege
Humans are very stubborn creatures and there is nothing we are more stubborn about than money. That stubbornness is amplified even further in the cryptocurrency market. We all have dreams of hitting the lottery in this market, being able to finally b...
8 Dec 2022 3 minute read 10 comments SimpleSwap
With the development of the crypto market, crypto crimes in this sector appeared on the first pages of different media. We’ve already written about crypto scams in this article. But we would like to tell you about two other high-profile cases that to...
2 Dec 2022 4 minute read 35 comments MarkHelfman
Once bitcoin’s price went below its 2017 peak, the naysayers came out of the woodworks. This cycle is different, the models are broken, the charts don’t work anymore, and a global depression will crush everything. Sure. “It can get worse” is always a...
27 Jan 2023 4 minute read 24 comments SimpleSwap
You may have heard about Bitcoin halving before – it happens every 4 years, but what is it exactly and how does it affect Bitcoin? In this article we’ll tell you everything you need to know about halving and how to use it to your benefit. What is Bi...
26 Mar 2023 3 minute read 24 comments johnwege
Over the last few years, one of my favorite ways to earn “free” crypto was by using crypto reward credit cards. Up until last year, I had been using the BlockFi Bitcoin rewards credit card. Even before the summer of insolvencies began I started to no...
3 May 2023 2 minute read 21 comments johnwege
The biggest story of the year in crypto has been how the US government suddenly woke up and began to heavily attack the industry. Going from seemingly ignoring it to it becoming enemy number 1. They have claimed that due to the FTX fraud, they need t...
26 Dec 2022 4 minute read 14 comments SimpleSwap
With the popularization of the cryptocurrency, crypto exchanges began to use different interesting financial tools for trading, like Bitcoin futures. This feature attracts both experienced institutional traders and completely novice investors. Let's...
20 Jan 2023 3 minute read 19 comments johnwege
If you are reading this article, you are likely very interested in cryptocurrency. Perhaps you view it as your one chance to finally change your life financially and get ahead in life. Maybe you view it as an insurance hedge against the potential hyp...
6 Mar 2023 3 minute read 19 comments johnwege
We have all been told that the cryptocurrency industry is one of the riskiest and most volatile markets that you can invest in. That there is a real possibility that you could wake up tomorrow and lose everything. The truth is that there is no guaran...
7 Dec 2022 3 minute read 26 comments johnwege
Throughout the last two years, I was heavily involved in lending out Bitcoin and other crypto to earn a passive income. It was one of the key methods that quickly allowed me to increase my portfolio size. It was great money, but I always knew the ris...
