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.

My Crypto Earnings (May)

31 May 2022 4 minute read 15 comments johnwege

May has officially come to an end and that once again means that it is my favorite time of the month.  The time that I calculate all of my crypto earnings for the month and share them with you.  This is part of on ongoing monthly series that I write....

The Current State of Bitcoin

20 Jun 2022 4 minute read 4 comments johnwege

For those of you who are new to Bitcoin and crypto, welcome to your first bear market.  These are the times in the market where the mood can become suffocating, and make you begin to question what you ever saw in the market.  Perhaps all of those cry...

The Real Bitcoin Lesson to be Learned from the Celsius Panic

14 Jun 2022 3 minute read 7 comments johnwege

The market is a mess, and prices are dropping to points that many of us thought we would never see again.  Black swan event after black swan event keep popping up and causing the market to have even more turmoil.  First the pandemic hit and after eac...

How Usdd Works: Another Stable That Will Lose The Peg?

19 Jun 2022 2 minute read 15 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

After the eclipse of the Luna and Ust, another stable algorithmic is exploiting the same seigniorage mechanism of the Terra: Usdd (Decentralized Usd) with Trx. Tron is the crypto of controversial CEO Justin Sun. Usdd mint happens by burning Trx. Mint...

China's media sounds warning bells: Bitcoin Going to Zero

23 Jun 2022 3 minute read 9 comments I-HODL

Hear ye! Hear ye! China's national media is sounding alarm bells, my friends, warning investors to stay away from cryptocurrency in general, Bitcoin in particular, as they predict that cryptocurrency has seen its heyday and is now on the fast track t...

Setting Yourself Up For Success During Bitcoin Bear Markets

22 Jun 2022 4 minute read 1 comment johnwege

Most people people think that people become rich by making the right decisions during the bull market.  Getting into the right coins, having perfect timing, making the perfect trade and the list goes on.  But, people who have been into crypto for a w...

My Opinion on the Current State of Bitcoin Lending

8 Jun 2022 5 minute read 5 comments johnwege

The Bitcoin and crypto markets move at a lightning pace.  If you are out of the loop for just a single week, that is the equivalent of missing multiple months worth of news in other markets. But that is part of the reason why I find the crypto market...

Hardware Mining Vs Cloud Mining: Which is Better for You?

3 Jun 2022 6 minute read 23 comments Hodlnaut

During the mid-19th century, the United States of America witnessed one of the most significant moments in its economic history - the Gold Rush. A massive westward migration began when news broke of California being awash with this prized asset.  Men...

Not Your Keys, Not Your Coins - Don’t DeFi Where There Isn’t Decentralization

25 Jun 2022 3 minute read 8 comments hifi.bitcoin

Read now to learn how even popular "DeFi" protocols aren't immune from the urge to confiscate your funds. If there’s one thing I’ve learned over the past few weeks, it’s that bear markets provide ample opportunities for Bitcoin users to learn the im...

EXPERIMENT - Tracking 2022 Top Ten Cryptocurrencies – Month Five - Down -66%

15 Jun 2022 6 minute read 14 comments starthere

This article contains affiliate links. If you click on a link in this article, I may earn a small commission at no extra cost to you.   Three ways to pick up free Bitcoin: Method #1: Open a Coinbase account using this link. Buy or sell $100 in cryp...