Bitcoin (BTC)

3,611 Articles 426 Followers

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.

Satoshi - the fake reveal: Part 1

4 weeks ago 2 minute read viraladmin $1.82 tipped

After this article was made live - someone has since changed the satoshinrh website to correct the glaring error. Lets face it, everything about the Satoshi reveal just seemed strange and got stranger as time went on.  About 20 minutes before part 1...

Trading coffee with your Bitcoin

3 weeks ago 3 minute read TanujPaulB $1.81 tipped

Coffee is the second largest traded commodity. The two basic plant varieties are Arabica & Robusta. The price of coffee is heavily by macro-economic factors. But just like any other risky tradable instrument, some unpredictable factors that are only...

Bitcoin SV responds positively to the market with the expectation of decisions about the wealth in Bitcoin of Craig Wright.

2 weeks ago 2 minute read daniejjimenez $1.79 tipped

The market has lost $4500 million of market capitalization in 24 hours, while its main reference as Bitcoin, struggles in a series of lateral movements of not being caught by the bassists who try to bring down their price below the psychological line...

How Blockchain is Penetrating the Art World

4 weeks ago 5 minute read MintDice $1.78 tipped

Since its creation in 2008, blockchain has been applied in several industries including, but not limited to finance, education, agriculture and even real estate. Now, it is being implemented in the art industry where it has the potential to disrupt t...

Bitcoin is down right now... But you shouldn't be!

2 weeks ago 4 minute read KeenanRIVALS $1.78 tipped

Do you know what my favorite crypto story is? It's the one we've all heard, someone hears you talking about Bitcoin or another cryptocurrency and then they interrupt your conversation to tell you how they could have been rich if they would have put i...

BitPay Prepaid Visa®

1 day ago 4 minute read Jimmy D $1.74 tipped

“The BitPay Prepaid Visa® is a reloadable prepaid debit card, not a credit card. This means you can’t spend more than the balance at any given time” (source).  The BitPay Prepaid Visa can be used to purchase goods and services at any location that ac...

Detailed Bitcoin Price Analysis - Different Views of the Current Market Situation

1 week ago 3 minute read zulonga $1.72 tipped

Introduction Many questions are raised around the current bitcoin market, while uncertainty takes hold and countless possibilities are thrown through analysis everywhere, there is no doubt how the market will actually behave in the short term. It is...

Crypto FAQ’s: How Long Does It Take to Mine Bitcoin?

3 weeks ago 6 minute read MintDice $1.70 tipped

Bitcoin network has grown in popularity over the last few years, as demonstrated by its daily use. The number of Bitcoin ATMs has also increased globally from 1 in 2013, to 500 in January 2016, to a whopping 5,042 in July 2019. This shows that there...

BlockFi: Another Bitconnect or A Legitimate Lending Platform?

1 day ago 3 minute read Cryptoonestop $1.70 tipped

  “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” Allan Greenspan Official inflation rate in the United States has hovered around 2% over the last few ye...

Apple Gearing Up for Cryptocurrency Apps with Cryptokit

4 weeks ago 4 minute read MintDice $1.68 tipped

Crypto apps have multiplied so much in recent years that there are now thousands of apps available to solve different problems using blockchain technology. Theoretically, these apps should be better than the legacy systems because blockchain technolo...