Bitcoin (BTC) News, Price Predictions and Opinions

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.

Transfer 50 bitcoins from an 11 year old wallet!

23 May 2020 3 minute read 10 comments Queen Cized🍓

On Wednesday, an unidentified man transferred 50 bitcoins worth approximately $ 486,000 from an address containing coins extracted in the first month of the main Bitcoin network launch in 2009. The move has caused a stir in the digital currency world...

Bitcoin’s Real Weakness? Energy Waste

17 hours ago 3 minute read 9 comments FarewelltoMinds

Bitcoin’s Real Weakness? Energy. Considering all the technobabble and steep learning curves regarding blockchain tech in general, and Bitcoin in particular, it shouldn't be a surprise that it remains unpopular, seldom used and overall a specialized,...

Forget the famous lost Bitcoins- it's the lost ETH at the bottom of the wallet making a giant pumping sound

22 May 2020 3 minute read 3 comments Dave Sawyer

Hey youse Cryptofans we love ya.  Act like ya know three or four million of the  21 million bitcoins will be forever lost before the miners hit #21,000,000.   BUT IT"S THAT FIFTY CENTS  OF ETH STUCK IN EVERY @#($*&#(*#$ WALLET WE HAVE AND EVERY dapp...

Bitcoin Pizza Day

22 May 2020 2 minute read 2 comments NOWPayments

May 22 is forever and ever one of the tastiest day for Bitcoin, the date that has become legendary for the whole cryptocurrency community. This year, just a week after the BTC halving, we celebrate the 10th anniversary of the first payment in bitcoin...

Financial Markets Weekly Kaleidoscope Before Black Swan Launch Two

18 May 2020 8 minute read 4 comments Rubika Ventures®

Many already begin to speculate within the financial markets that the mafia and the big players, in the next few weeks, will launch, in the most popular cinemas in the world, the second part of the movie “The Black Swan Of Financial Markets” or rathe...

Your Bitcoin Might not Be Safe Because of These "Kings of Theft"

20 May 2020 2 minute read 0 comments McAlex7

I think you all know it but the cryptocurrency world is full of surprises, good ones and some not so good. In terms of security we have made a lot of progress over the past few years, and societies like Ledger and many others are at the root of the d...

Weekly Crypto News Roundup - 15th of May - 22nd of May

22 May 2020 3 minute read 4 comments pheonixdown-dee

Happy Bitcoin Pizza Day! On May 22, 2010, Laszlo Hanyecz, a hungry Florida-based programmer, paid 10,000 Bitcoins in exchange for two succulent pizzas. He had managed to complete the first Bitcoin transaction for a tangible asset. Now every year Bitc...

Newest Hardware of MicroBT and Bitmain Are the Most Profitable

21 May 2020 1 minute read 0 comments Abhi K

The most recent hardware mining equipment released by MicroBT and Bitmain have unsurprisingly proven to be the most profitable hardware, according to research conducted by The Block. The numbers were based on an electricity cost of $0.03 per kilowatt...

Goldman Sachs to Host Conference Call on Crisis and Bitcoin

13 hours ago 1 minute read 1 comment Abhi K

Goldman Sachs will host a conference call on May 27, which will discuss Bitcoin, gold and inflation, as well as macroeconomic trends. The details of the conference call were made public after The Block founder, Mike Dudas, posted a screenshot of the...

Bitcoin is a bubble (and why it is not)

20 May 2020 5 minute read 0 comments ChangeNOW

Over the past couple of years, you must have noticed that some people tend to predict that Bitcoin is a bubble about to burst. A ‘bubble’ is referred to as an asset driven by unwarranted and exuberant market behavior, which results in a collapse. So,...