Hottest 'divisibility' Answers - Bitcoin Stack Exchange

My best attempt to simplify the math of a 10 million dollar Bitcoin [1₿=10million]

🤖₿ So 21 million #bitcoins will ever exist, unlike the dollar that is infinitely printed, which is why it loses value. A #bitcoin is infinitely divisible so no matter how expensive 1 coin gets, infinite fractions of it can be purchased and used. You don't have to buy 1 coin. It's value is the money and things of value behind it÷the number of bitcoins that exist. There are 36 million millionaires in the world today, so by the time every 1 of them try to grab a full bitcoin when it becomes a must have investment, there won't be enough for all of them. That easily pushes 1 coin past 1 million dollars in value when they try to grab a whole coin. Then there are 260 trillion in global #stock markets through #stocks and #derivatives, or what others call #institutionalmoney. The the first US #exchanges are opening to bitcoin and #cryptocurrencies this summer. Once bitcoin is allowed to be traded for stocks, which is only a matter of time now with the #stockmarket opening to the #cryptocurrency markets already, that makes that 260 trillion open to be put behind bitcoin. When that starts to happen; 260 trillion divided by 21 million #bitcoins, puts #1bitcoin over 10 million dollars a coin, or 12 million a coin to be exact. This will likely happen in our lifetimes with everything happening now. That makes every dollar invested even at an 11k price, to be worth 1k$ in possibly 10 years at this rate. ₿🤖
There's more to it like the halvings; about every 4 years the distribution of bitcoin going out gets cut in half. The first 4 years 10.5 million bitcoins went out and the demand and use was small so the price was cheap. From less than a penny cheap in 2009, to over 1000$ in 2013 after it first halved. After that from 2013 through 2016 with only 5.25 million bitcoins were being mined/made; then it halved again in 2016 for a second time & the price ran up to 20k a coin because the supply got cut in half to only 2.125 million bitcoins being created with higher demand and use cases. This is where we are now until summer 2020 when the 3rd halving will happen. After that, the next halving will only have 1.05125 million new #bitcoins getting created until 2024, with 10 trillion in value of institutional markets opening up to it. The potential for the next halving with the halved new coin supply, plus increased demand and use cases is anywhere from 100k to 500k in the short term by late 2020 or early 2021, then another 80+% drop as usual. But in short, at the current prices you're in a good position to be fine after the next correction/drop that'll come after the upcoming halving skyrockets the price. I for one won't stop accumulating till we break 20k again, aka the last all time high. My golden rule is to never buy during new all time high prices, and thankfully we're still under it. So learn about it now and stack up before we break 20k again, because after we do the growth will be stupid fast.
Calculated plug ins for 1 million and 10 million
submitted by BuyBitcoinWhileItsLo to Bitcoin [link] [comments]

We are averaging 2,000 new subs daily.

We just celebrated the 350,000 mark 5 days ago and today we are over 360,000. Nice to see this sub and the Bitcoin community in general growing this big and this fast.
If you are one of those many just coming in, welcome! I'm sure you'll find this place very interesting, fun and informative. We are here to help you to better understand what Bitcoin is and and how it works, and for ourselves to keep learning. This is my welcome post for newbies:
When you come asking when is a good time to buy, the answer is: Buy now, always Hodl in FUD times (Bitcoin has "died" many times, but Moneybadger don't care, buy the dips and never panic-sell, stuff like: "China ban Bitcoin...again!" will keep happening again and again.
Here's Bitcoin's response to Jamie Dimon. Stick to the real Bitcoin through all the 'forks' and 'splits' that accomplish nothing but new mediocre, unsafe and centralized altcoins, strengthen/immunize Bitcoin and give you free altcoins to buy more Bitcoin.
All Central Powers look silly trying to control or ban it. Learn from history and listen to this absolute Boss. There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, Total number of millionaires (in USD value) worldwide is around 33 million. Get one while you still can.
Also relax, you are actually an early adopter if you start investing today, mentally prepare yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing 'Corrections Trends Perspective') and remember all this regarding Bitcoin investment:
Never try to time the market. Dollar cost average by buying what you can afford to lose every week.
It is always a good time to buy Bitcoin if you are hodling long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has practically been up most of the time, and the road to the moon is paved with minor corrections (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "The bitcoin bubble is about to pop" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflatioary and limited supply currency and its growth is exponential.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential 'S-Curve' of adoption. Check out this great 2017 MIT study: "The Cryptocurrency Market Is Growing Exponentially". Patience pays, don't listen to the "Expert Analysts on MSM".
Bitcoin is a Moneybadger that get's stronger and immunized with every new attack and this broad picture of its price since infancy (1 year candles on a logarithmic scale) shows Bitcoin growth is not in a "bubble" right now. Learn the difference between Inflation (dollar) and Deflation (Bitcoin) and just take a look at the fiat >20 trillion (and growing fast) debt clock to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: "2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”. Bitcoin, the Moneybadger, is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think blockchain will disrupt their industry.
Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So, remember this and don't wait for the Bitcoin "bubble" to burst or for the price to drop significantly again, because you could be waiting forever:
“The best time to buy bitcoin was a few years ago, the second best time is always now”.
Don't be -- this guy
Here is a good start:
"Introduction to Bitcoin" - Andreas Antonopoulos
Playlists on Andreas own YT channel
Check out this great articles:
"What Gave Bitcoin Its Value?"
"How do Bitcoins have value?"
"Yes, Cryptocurrencies are Valuable"
ELI5: BITCOIN
How to buy Bitcoin?
Where to buy Bitcoin list
Excellent "Crypto 101" by stos313)
Where to use Bitcoin list by Bitcoin-Yoda
Starter Guide "Bitcoin Complete And Ultimate Guide".
Who accepts Bitcoin? List of Companies, Stores, Shops.
Bitcoin is a worldwide-distributed decentralized peer-to-peer censorship-resistant trustless and permissionless deflationary system/currency (see Blockchain technology) backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized.
Receive and transfer money, from cents (micropayments) to thousands:
And that’s just as currency, Bitcoin has many more uses and applications.
Edit: Fixed some non-working links and added new ones.
submitted by readish to Bitcoin [link] [comments]

Why Bitcoin and all crypto-currencies will continue to plummet

When Bitcoin first started to gain some traction, what were the selling points? The first was that it was useful; the block-chain technology offered a currency that was infinitely divisible, decentralized, and open source. Although the Bitcoin nay-sayers have attacked some of these merits, I don’t think this is where the problem lies. Bitcoin and block-chain technology is clearly very innovative and useful.
However, besides being useful, the other crucial selling point of Bitcoin is its scarcity. A currency is utterly worthless if it can be created or counterfeited at will. Bitcoin seemed to easily answer this problem by setting a hard limit on the number of possible Bitcoins to ever exist – 21 million. As these Bitcoins are “mined”, the mining process becomes more difficult and more time consuming, meaning the rate at which new Bitcoin comes into existence slows
asymptotically. Additionally, considering that all Bitcoin is stored digitally, there is an increasing amount of the currency that is stored on hard drives that are either inaccessible or destroyed. In other words, we will reach a point where the amount of usable bitcoin in circulation actually decreases. Then it seems as though Bitcoin has the problem of scarcity solved, right? After all, it can’t be counterfeited and no more than 21 million can ever be created! Well, it depends.
Let’s take a quick detour into simple economics. Let’s say you are looking to buy some peanut butter. You find the peanut butter aisle and see a couple of different brands. You see a jar of Skippy peanut butter priced at $4 and an equally sized jar of Jif for $5. In your mind, peanut butter is peanut butter, so you go with the less expensive Skippy brand. In this case, Skippy and Jif are considered substitutes. Furthermore, in your mind, they are perfect substitutes, meaning you will always choose the cheaper one regardless of how much cheaper it is. But what if everyone considered Skippy and Jiff to be perfect substitutes? Well, it should be pretty obvious that in this case, Skippy peanut butter would be flying off the shelves and not a single jar of Jif would be sold (assuming sufficient Skippy brand was in stock, of course). How would the manufacturers respond to this situation? Well, if Skippy was smart, they would raise the price until the price was only one penny less than that of Jif. They would still ensure that only Skippy brand butter was bought, and they would maximize their profit per jar sold. But Jif, being equally smart, would try to adopt the same strategy and always attempt to beat the price of Skippy by a penny. This perfectly competitive behavior would ultimately result in each firm producing and selling peanut butter at the same price- competitive equilibrium. The important lesson is that perfect substitutes will have identical prices, and any change in one price would mean an identical change in the other.
So how does this knowledge of substitutes and perfect substitutes apply to crypto-currency? It should be fairly obvious by now that I mean to show that Bitcoin has near-perfect substitutes. Of course, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin are not identical. There are differences in fees, payment processing times, and infrastructure among these most popular currencies. In fact, even the prices of each coin are staggeringly different. How then, can I argue that these coins are perfect substitutes, or even substitutes at all?
First, we must acknowledge the fact that the vast majority of crypto-currency investors are very poorly informed when it comes to the technical aspects of any given coin. The vast majority of investors also do not even intend to use their crypto-currencies as currency, but instead are holding these currencies as a speculative venture. In other words, the difficult-to-understand technical differences between these coins don’t even exist for the majority of investors.
But if these coins are perfect substitutes in the eyes of investors, why are the prices so drastically different? Didn’t I just explain that perfect substitutes have identical prices? Well, in one sense, the prices are very different. The price of bitcoin is close to $4000 and Ethereum is hovering around $35. This would seem to indicate that Ethereum and Bitcoin are very different. But we have to remember that we are talking about digital, infinitely divisible, scale-independent items. These aren’t like jars of peanut butter. The important thing is that any movements made in the price of Bitcoin are mirrored, to scale, in the price of Ethereum, Bitcoin cash, and Litecoin among other coins. This can be seen at almost any time in the Coinbase App, where the price history charts for any established coin appear to move identically 95% of the time. This symmetry in price indicates that the vast majority of crypto investors view these coins as nearly identical, perfect substitutes.
So what’s the big deal? What’s wrong with having substitutes? Well, having perfect substitutes for Bitcoin defeats, entirely, the purpose of artificial scarcity. There may only be 21 million Bitcoins that can ever exist, but there is absolutely no bound on the number of identical crypto-coins that can exist. Saying Bitcoin is valuable because it is scarce is like saying Skippy peanut butter is extraordinarily valuable because the company will only ever make 21 million jars, even though a different company with the identical recipe continues production. Skippy peanut butter really isn’t scarce, and neither is Bitcoin.
New crypto-currencies pop up like daisies because there is an ability to make an immense profit from an ICO. But where does that money come from? In almost all certainty, this money is largely coming from money invested in other coins. In other words, it is money that is being moved from one coin to another as opposed to brand new investment. This is important. The amount of money being invested into crypto currencies exploded during Bitcoin’s rise to $20,000, but has since tapered off. At this point, especially when the prices of all crypto-currencies are falling, new investment is extremely hard to come by. Every day, there is less money and more coins (perfect substitutes) to invest it in. This means the prices of all coins will continue to fall, barring some extraordinary increase to crypto investment. But even with an increase to crypto investment, new coins will continue to be created, and speculative investment will continue to be split further and further.
There is no reason to think this trend will change. This will continue until nearly all speculative investment in crypto currency is withdrawn or lost. After the dust settles, this will ultimately result in coins with different prices (much lower than current values) according to infrastructure and usefulness. All coins that have no real infrastructure or use as a currency will reach $0, and all crypto investment will be focused on a few, easily purchasable, easily usable coins.
But we still have a long way to fall. The fact that the prices of the most popular crypto-currencies essentially mirror one another despite important technical differences between each coin indicates that the vast majority of remaining crypto investment is speculative as opposed to real investment. The bubble is still popping.
submitted by Drax_lem_sklounst to CryptoCurrency [link] [comments]

Bitcoin Cash to Be Valued at $12,000,000 Each

Enjoy =)
Larry Page = $41 billion
Bill Gates = $86 billion
All Cryptocurrency's = $200 billion
Amazon = $402 billion
Apple = $730 billion
USD in circulation = $1,500 billion
Gold Market Cap = $8,200 billion
Physical Money (notes/coins) = $31,200 billion
Stock Markets = $66,800 billion
All U.S. Money (bank deposits/loans) = $83,000 billion
But why doesn't EVERYBODY just convert ALL of the world's money of the ENTIRE PLANET to paying each other in gold? Gold is a great 'store of value', isn't it? Yes, it sure has value, but because it is inconvenient, hard to transport, slow, not divisible (without a third party), and difficult to keep from being robbed (without a third party), that is why the entire planet does not transact in gold, and hence why Gold's market capitalization is only $8,200 billion.
The only way this is possible, is if gold was more convenient to transact with than everything else, especially VISA. Which is impossible. You can't pay for a $100.37 item on Amazon.com, through the internet, without a third party, in a split second, by using gold.
Bitcoin (whitepaper version), can do 1,000,000 transactions per second CHEAPER than VISA. (It can probably do even more in the future), it's also at the same time a tangible currency (that takes trillions of video cards to create one single uncounterfeitable coin) aka "store of value".
So, for example's sake, let's add up all of the money (listed above), and "flood" the entire planet into using a currency ("store of value"), that is ALSO a payment system in itself BY DESIGN, able to send money to the other side of the planet, instantly, without needing to use ANY kind of outside third party, because the coin ITSELF is the third party IF it is the Whitepaper Version of Bitcoin. But if the witness data (aka transaction signatures) are segregated from the chain, then the coin (economy itself) is no longer ITS' OWN "third party" anymore, but prone to whoever wants to take advantage of the segregated witness data (whether its blockstream, bitcoin core, AXA, miners, or banks, doesn't matter). Because when the chain of digital signatures is no longer part of the blockchain, the incentive to take advantage of the system and introduce a traditional (bankegovernment) "third party" is now profitable/possible to do so. Whereas, originally, without SegWit, anybody who tried to do this would infinitely lose money in trying to do so---aka mining coins was more profitable than trying to do a 51% attack. Hence, with SegWit, we introduce a loop-hole into Bitcoin, allowing double spending of anyone's transactions, reversing anyone's transactions, halting anyone's transactions, freezing anyone's transactions, charge-backs, etc.
Now introduce $191,659 billion (see above) of the world's money to a ONE WORLD CURRENCY, that DOES NOT REQUIRE A THIRD PARTY.
17,912 x $650 current value of Bitcoin (whitepaper version) = $11,642,800 , for one coin.
90% of people who buy Bitcoin don't even know what is "Segwit" or "Blockstream" or "Satoshi" or "Whitepaper". They think it's the 'norm' that it takes hours upon hours (or even days) to get their Bitcoin. They assume that because it's "hard to get", then that is why it is valuable. Upon all of the other reasons. It's all media. It is exactly what BitConnect is doing. The only reason people are buying it, is because everyone is gambling, but are fully convinced that it is "investing". This is why Bitcoin is not going to lose its' value instantly. Nor is it going to skyrocket to an astronomical value like $100,000 instantly. But it will most definitely NOT be used as replacement currency by Walmart, Amazon, Sams Club, Coca Cola, Target, etc, and so on, it goes on FOREVER. All of these companies use VISA.
But what about other coins that already exist with little to no fees, instant transactions and end up having little to no traction and don't look like anyone cares about them??
For example.
These are the top ones I felt like choosing. I can explain every coin on the list. But the entire point, is that for EVERY one of these coins, Bitcoin Cash does it better. Bitcoin Cash has 0-conf (Bitcoin used to have it until the system could not accept anymore transactions and started backlogging transactions---aka full blocks). Bitcoin Cash has scripting functions (aka smart contracts). Bitcoin used to have it when the transaction fees only cost 1-5 cents per block... But no one wants to use the scripting functions anymore when you have to pay $5-$100 for each block.
There is a reason why Satoshi did not design Bitcoin (whitepaper version) like any of the other coins. It is because he already thought about those other designs.
Bitcoin legacy forfeited it's security model (whitepaper version) as soon as it changed protocol to SegWit.
submitted by MartinGandhiKennedy to btc [link] [comments]

Bitcoin is scarce and unlimited at the same time.

Can anyone take a guess as to what I mean by that statement?
submitted by PresidentofInternets to Bitcoin [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.
Why Things Have Value
Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.
Key Factors That Affect The Value of Cryptocurrencies
Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.
Why Are Cryptocurrencies so Volatile Then?
In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.
Some Cryptocurrencies Are Actually Backed by Things
There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.
Stablecoins
A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.
Cryptocurrencies Backed by Assets
Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.
Tokenization of Assets
Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.
Conclusion
While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook, Telegram The best rates on https://swapspace.co/
submitted by SwapSpace_co to CryptoTechnology [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.
Why Things Have Value
Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.
Key Factors That Affect The Value of Cryptocurrencies
Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.
Why Are Cryptocurrencies so Volatile Then?
In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.
Some Cryptocurrencies Are Actually Backed by Things
There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.
Stablecoins
A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.
Cryptocurrencies Backed by Assets
Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.
Tokenization of Assets
Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.
Conclusion
While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook, Telegram The best rates on https://swapspace.co/
submitted by SwapSpace_co to CoinBase [link] [comments]

Coin split?

When a stock's value goes up so much that it becomes out of reach to casual investors, the company will perform a stock split, assigning all holders of the stock some multiple of their current shares in an effort to drop the price of each individual share. For example, in a 3-for-1 stock split, every share that is owned gets tripled, so that those who are holding 100 shares are granted 200 more shares for a total of 300 shares. The effect of this maneuver is that the price would fall to 1/3rd its current value while the value of shares held does not change at all.
Is a coin split possible?
I know, of course, that Dash is infinitely divisible. But right now, a $3 cup of coffee costs 0.002 Dash, which isn't easy or pleasurable to communicate.
I also know there are names for particular divisions of Dash - i.e. that $3 cup of coffee is really just 2 "mDash" - but then we have the problem of brand identification. What is an mDash? Is that like Dash in the way Bitcoin Cash is like Bitcoin?
The only potential flaws I see in this is the possibly odd effects it could have on exchanges. If the "wallet" you see in your exchange account isn't actually a representation of what is on the blockchain, but instead your "wallet" is an entry in the exchange's own private database, then this could cause problems.
However, we should give this serious consideration. I like Dash because the development team and community are focused on making it a medium of exchange. If each Dash is worth $2000 (or, I think, more) then it will be very difficult to talk transactions in Dash.
Thoughts?
submitted by cultfitnews to dashpay [link] [comments]

Biased Sunday Preaching: Why I believe in Bitcoin

Biased Sunday Preaching: Bitcoin

If you pay attention to the Noel Prize winner in Economy Paul Krugman, you will have been warned about bitcoin.
There is a bubble that we should talk about -- a Ponzi scheme where people are rewarded.
The US ended up being the world's reserve currency for reasons highly related to politics and economy. It benefitted the most from post-WWII industrialization, maintained power over oil resources (though in other countries), and initially had its dollar tied to gold. The 1944 Bretton Woods Accord was signed by 44 countries, and gave $35 for an ounce of gold. Thirty years later and Nixon unlinked gold and the dollar.
The late 20th century saw a massive movement of manufacturing from the US to China, to exploit cheap labor. Our standard of living changes are very tied to that. The hourly wage of Americans is high compared to most of the world.
But things don't always last. There's this theory called the Strauss-Howe generational theory, which outlines an archetype of generations, described by four cycles: High, Awakening, Unraveling, Crisis. The idea is basically this: when things are bad, people work to improve them, so things get better; when things are good, people ignore them, so things get worse. I've seen the thing over and over in social groups: small groups are tight-knit and personal, so they grow; large groups become faceless and restrictive, so they shrink if they can't figure out how to create the small group dynamics. I digress.
Yes, this relates to economics, as it is about philosophical principles that drive economies, and how people work on improving value or ignoring that.

Tulip Mania

The question is, what creates monetary value?
The answer is, trust. Sometimes the complete lack of trust in each other.
There's an apocryphal story about how tulip bulbs were were sold for ten times the annual income of a skilled craftsmen, in the the Dutch commerce. The point of the story is that people became crazed about something that has low value. And that at some point people stopped buying tulips, thereby collapsing its price. Obviously a ridiculous story on its face, because tulips don't last and aren't a currency, and the value created was because people wanted the tulips for social reasons.
What's backing the US dollar? If hyperinflation were to happen due to a new war or major economic collapse, your dollars would be worthless. Even putting those dollars into a banking account today, depending on your banking account, it's hard to say whether you would have equivalent buying power in a few decades. Those dollars would have lost value due to inflation. Some argue that inflatable currencies are a Ponzi scheme, with the hidden tax of inflation behind them.

What are you talking about?

Cryptocurrency.
I'm leading into talking about cryptocurrency. Bitcoin. Ethereum. And plenty others.
I'm a firm believer that Bitcoin will retain -- and increase -- in value over the next several decades. There will be other competitors that may gain in more value, but they will be service specific.
I have several reasons for this.
1) All governments will inflate their currency, thereby losing value to those who are invested in them. Inflation is the hidden tax on us all. There is not only a nothing tangible thing behind that piece of paper or zeros and ones on a computer, but there isn't even a limited supply. Dollars come out of thin air, at a whim. The world has limited resources, but unlimited possible dollars.
2) Bitcoin is limited, therefore rare. Whether it is under or overvalued currently, I think it is a long term solution. It still allows for growth, as those computer bytes are nearly infinitely divisible. And other cryptos can allow for secondary currencies.
3) The younger generations will increasingly invest in crypto, and out of classical investment models. We will continue to see less money going from stocks to new crypto businesses that incorporate these as their models.
4) Crypto is global. It is not tied to a specific country, therefore, for many of the large cryptocurrencies, we are all in this together. If a country has problems with its currency, it will affect crypto value. But I would rather a a global hedge over a local, volatile hedge.
5) New models will result from this. Business. Political. Sociel. Technological. Distributed, decentralized models will be very robust long term.

What now?

Don't go and spend your entire bank account on crypto. Just. Don't. It's volatile, and you will get emotional, leading to stupid decisions. But do spend a small portion of it to get into this space. This is a long investment, unless you are using it to buy something tangible, such as from your local tech shop.
But watch the space. There are models here that will become increasingly important.
If you do hanker for buying bitcoin, I recommend coinbase or bitstamp.
They say that a bubble exists only when people don't recognize that something is a bubble.
The question that we have to answer is this: will the US retain global dominance, and how do we react to that answer?
submitted by TheMysteriousFizzyJ to WayOfTheBern [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.
Why Things Have Value
Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.
Key Factors That Affect The Value of Cryptocurrencies
Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.
Why Are Cryptocurrencies so Volatile Then?
In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.
Some Cryptocurrencies Are Actually Backed by Things
There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.
Stablecoins
A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.
Cryptocurrencies Backed by Assets
Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.
Tokenization of Assets
Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.
Conclusion
While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook, Telegram The best rates on https://swapspace.co/
submitted by SwapSpace_co to CryptoCurrencyTrading [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.
Why Things Have Value
Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.
Key Factors That Affect The Value of Cryptocurrencies
Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.
Why Are Cryptocurrencies so Volatile Then?
In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.
Some Cryptocurrencies Are Actually Backed by Things
There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.
Stablecoins
A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.
Cryptocurrencies Backed by Assets
Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.
Tokenization of Assets
Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.
Conclusion
While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook, Telegram The best rates on https://swapspace.co/
submitted by SwapSpace_co to CoinTelegraph [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.
Why Things Have Value
Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.
Key Factors That Affect The Value of Cryptocurrencies
Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.
Why Are Cryptocurrencies so Volatile Then?
In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.
Some Cryptocurrencies Are Actually Backed by Things
There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.
Stablecoins
A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.
Cryptocurrencies Backed by Assets
Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.
Tokenization of Assets
Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.
Conclusion
While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook, Telegram The best rates on https://swapspace.co/
submitted by SwapSpace_co to CryptoMarkets [link] [comments]

What are Bitcoin and Other Cryptocurrencies Backed By?

Bitcoin was created back in 2009 and became the first cryptocurrency ever designed. Cryptocurrencies have become increasingly popular in the last few years as they offer an efficient and decentralized way of transferring money.
Cryptocurrencies have always been an alternative to banks and fiat money. But why do they have any value at all and who dictates what they are worth? The value of Bitcoin is really calculated through supply and demand. The digital asset itself is backed by nothing more than perhaps the blockchain ledger.
Every single cryptocurrency uses a blockchain ledger, a system that records transactions between two or more parties in a verifiable and permanent way. This certainly adds value to Bitcoin and cryptocurrencies. However, it is not what determines their price.

Why Things Have Value

Why does anything have any value at all? It has mostly because of supply and demand. Traditional currencies, for instance, are only backed by the government that issued them. Digital money, like Bitcoin, is not backed or linked to any physical reserves like gold and can certainly lose value due to different factors.
Cryptocurrencies have value because they require ‘work’ to exist. Cryptocurrencies are maintained thanks to the mining process, a process in which transactions are verified by different people. This process requires a certain amount of work, electricity, and money.

Key Factors That Affect The Value of Cryptocurrencies

Since most cryptocurrencies are not physically backed by anything, their value is determined through supply and demand based on a few important factors. One of the biggest advantages of cryptocurrencies is scarcity. The supply of most cryptocurrencies is fixed, and, unlike traditional currencies, no one can issue more than the maximum limit. This means that cryptocurrencies are deflationary by nature.
Another key factor that benefits cryptocurrencies is divisibility. Any cryptocurrency can be divided into smaller units. A simple change in Bitcoin’s code could allow the digital asset to be divided into infinitely smaller units at any time.
Additionally, transferring cryptocurrencies can be extremely fast and cheap compared to traditional methods. Fees are somewhat fixed no matter the amount you send, which means that theoretically you could send 1 million Bitcoins to someone and pay only a few dollars in fees (or even less).
In a way, one could say that Bitcoin and cryptocurrencies are backed by the public’s faith in them as they have realized that the current monetary system is not as robust as one might think.

Why Are Cryptocurrencies so Volatile Then?

In comparison to traditional currencies and even stocks, cryptocurrencies are far more volatile, meaning that the current price of any given crypto can change drastically in hours. It’s quite common to see Bitcoin’s price go up or down 5-10% within a few days. In fact, even in periods of low volatility, most cryptocurrencies still experience price moves of up to 1-2%, which is considered extremely high in traditional markets.
The explanation, however, is quite simple. Cryptocurrencies, in general, lack the liquidity that the rest of the markets enjoy. According to statistics from Statista, the average daily turnover in the global foreign exchange market was around $6.5 trillion daily. The cryptocurrency market, on average, sees around $80 billion in daily trading volume, and according to various sources, a lot of the volume is actually fake.
The problem with illiquidity is that someone who wants to sell or buy a huge amount of Bitcoin or any cryptocurrency will simply ‘eat’ all the orders in the order book of the exchange, catapulting the price up or crashing it. That is the only reason why cryptocurrencies, in general, are extremely volatile.

Some Cryptocurrencies Are Actually Backed by Things

There are, however, some cryptocurrencies that are backed by gold, assets, and even fiat money. Tether (USDT) became the most popular cryptocurrency backed by fiat, later known as a ‘stablecoin’.

Stablecoins

A stablecoin is designed to always be worth $1.00 by maintaining 1 dollar in some sort of reserve. The first stablecoin to become widely popular was Tether, however, there was a lot of controversy surrounding it. Most of the criticism came from the fact that Tether Limited was unable to prove they actually have the funds to cover all the Tether issued.
Additionally, on 30 April 2019, Tether Limited’s lawyer actually admitted that each coin is only backed by $0.74 in cash.
Currently, there are over a dozen stablecoins that are backed by fiat, commodities, and even cryptocurrencies. TrueUSD is similar to Tether but it is considered to be one of the most reliable stablecoins currently as the company behind it has been extremely transparent and conducted an independent audit back in March 2019.
A more complex stablecoin is Dai, which is backed by Ethereum and pegged to the dollar. The system behind Dai basically locks Ethereum in a public contract. If the value of Dai distances too far from $1, the system will make use of the contract to stabilize it back. There is, however, a small problem: Dai is not entirely decentralized as the technology behind it is being monitored by the Maker Foundation.
DigixDAO is another stablecoin and it’s backed by bars of actual gold. It is an ERC-20 token created back in 2014. The digital asset is entirely decentralized and autonomous and can in fact be extended to be backed by other precious metals and even physical assets. According to the company, the gold is stored in custodial vaults at the Singapore Safe House, and 1 DGX will always equal 1 gram of gold.

Cryptocurrencies Backed by Assets

Not all cryptocurrencies backed by assets are stablecoins. For instance, the first oil-backed cryptocurrency was introduced by Venezuelan President Nicolas Maduro back in 2017. El Petro, although highly criticized, is supposedly the first cryptocurrency to be backed by oil thanks to the country’s huge oil and mineral reserves.
Petro is, however, not pegged to anything, and its value can increase or decrease at any given time.

Tokenization of Assets

Something that has become quite popular over the last few years is the tokenization of traditional stocks and assets. There are countless blockchain startups tokenizing almost anything to represent ownership.
The tokenization of assets brings numerous benefits like greater liquidity, more transparency, cheaper and faster transactions, and more accessibility. Tokenization itself is quite difficult to regulate, and all tokenization assets have to be compliant with the law, something that issuers struggle to achieve.

Conclusion

While traditional cryptocurrencies are not necessarily backed by anything physical, they still hold a lot of value solely based on supply and demand. This is the case with numerous other assets and even fiat money.
Cryptocurrencies have come a long way and there is a wide variety of them. Stablecoins are the most popular when it comes to asset-backed cryptocurrencies. They serve as an alternative to fiat money and bring a lot of liquidity to the market. There are definitely concerns as people question their stability, however, they have become an important factor in the market.
Additionally, other projects aside from stablecoins have implemented asset-backed cryptocurrencies. There are numerous cryptocurrencies out there backed by precious metals, physical assets, stocks, and even other cryptocurrencies. We are definitely going to see even more in the near future as they bring a lot more security to investors and the crypto space in general.

SwapSpace team is always ready for discussion. You can drop an email with your suggestions and questions to [[email protected]](mailto:[email protected]) Join our social networks: Twitter, Medium, Facebook The best rates on https://swapspace.co/
submitted by SwapSpace_co to SwapSpace [link] [comments]

Biased Sunday Preaching: Why I believe in Bitcoin

Biased Sunday Preaching: Bitcoin

If you pay attention to the Noel Prize winner in Economy Paul Krugman, you will have been warned about bitcoin.
There is a bubble that we should talk about -- a Ponzi scheme where people are rewarded.
The US ended up being the world's reserve currency for reasons highly related to politics and economy. It benefitted the most from post-WWII industrialization, maintained power over oil resources (though in other countries), and initially had its dollar tied to gold. The 1944 Bretton Woods Accord was signed by 44 countries, and gave $35 for an ounce of gold. Thirty years later and Nixon unlinked gold and the dollar.
The late 20th century saw a massive movement of manufacturing from the US to China, to exploit cheap labor. Our standard of living changes are very tied to that. The hourly wage of Americans is high compared to most of the world.
But things don't always last. There's this theory called the Strauss-Howe generational theory, which outlines an archetype of generations, described by four cycles: High, Awakening, Unraveling, Crisis. The idea is basically this: when things are bad, people work to improve them, so things get better; when things are good, people ignore them, so things get worse. I've seen the thing over and over in social groups: small groups are tight-knit and personal, so they grow; large groups become faceless and restrictive, so they shrink if they can't figure out how to create the small group dynamics. I digress.
Yes, this relates to economics, as it is about philosophical principles that drive economies, and how people work on improving value or ignoring that.

Tulip Mania

The question is, what creates monetary value?
The answer is, trust. Sometimes the complete lack of trust in each other.
There's an apocryphal story about how tulip bulbs were were sold for ten times the annual income of a skilled craftsmen, in the the Dutch commerce. The point of the story is that people became crazed about something that has low value. And that at some point people stopped buying tulips, thereby collapsing its price. Obviously a ridiculous story on its face, because tulips don't last and aren't a currency, and the value created was because people wanted the tulips for social reasons.
What's backing the US dollar? If hyperinflation were to happen due to a new war or major economic collapse, your dollars would be worthless. Even putting those dollars into a banking account today, depending on your banking account, it's hard to say whether you would have equivalent buying power in a few decades. Those dollars would have lost value due to inflation. Some argue that inflatable currencies are a Ponzi scheme, with the hidden tax of inflation behind them.

What are you talking about?

Cryptocurrency.
I'm leading into talking about cryptocurrency. Bitcoin. Ethereum. And plenty others.
I'm a firm believer that Bitcoin will retain -- and increase -- in value over the next several decades. There will be other competitors that may gain in more value, but they will be service specific.
I have several reasons for this.
1) All governments will inflate their currency, thereby losing value to those who are invested in them. Inflation is the hidden tax on us all. There is not only a nothing tangible thing behind that piece of paper or zeros and ones on a computer, but there isn't even a limited supply. Dollars come out of thin air, at a whim. The world has limited resources, but unlimited possible dollars.
2) Bitcoin is limited, therefore rare. Whether it is under or overvalued currently, I think it is a long term solution. It still allows for growth, as those computer bytes are nearly infinitely divisible. And other cryptos can allow for secondary currencies.
3) The younger generations will increasingly invest in crypto, and out of classical investment models. We will continue to see less money going from stocks to new crypto businesses that incorporate these as their models.
4) Crypto is global. It is not tied to a specific country, therefore, for many of the large cryptocurrencies, we are all in this together. If a country has problems with its currency, it will affect crypto value. But I would rather a a global hedge over a local, volatile hedge.
5) New models will result from this. Business. Political. Sociel. Technological. Distributed, decentralized models will be very robust long term.

What now?

Don't go and spend your entire bank account on crypto. Just. Don't. It's volatile, and you will get emotional, leading to stupid decisions. But do spend a small portion of it to get into this space. This is a long investment, unless you are using it to buy something tangible, such as from your local tech shop.
But watch the space. There are models here that will become increasingly important.
If you do hanker for buying bitcoin, I recommend coinbase or bitstamp.
They say that a bubble exists only when people don't recognize that something is a bubble.
The question that we have to answer is this: will the US retain global dominance, and how do we react to that answer?
submitted by TheMysteriousFizzyJ to WeAreNotAsking [link] [comments]

[uncensored-r/Bitcoin] We are averaging 2,000 new subs daily.

The following post by readish is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/76xp8w
The original post's content was as follows:
We just celebrated the 350,000 mark 5 days ago and today we are over 360,000. Nice to see this sub and the Bitcoin community in general growing this big and this fast.
If you are one of those many just coming in, welcome! I'm sure you'll find this place very interesting, fun and informative. We are here to help you to better understand what Bitcoin is and for ourselves to keep learning. This is my welcome post for newbies:
When you come asking when is a good time to buy, the answer is: Buy now, always Hodl in FUD times (Bitcoin has "died" many times, but Moneybadger don't care, buy the dips and never panic-sell, stuff like: "China ban Bitcoin...again!" will keep happening again and again.
Here's Bitcoin's response to Jamie Dimon. Stick to the real Bitcoin through all the 'forks' and 'splits' that accomplish nothing but new mediocre, unsafe and centralized altcoins, strengthen/immunize Bitcoin and give you free altcoins to buy more Bitcoin.
All Central Powers look silly trying to control or ban it. Learn from history. There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, Total number of millionaires (in USD value) worldwide is around 33 million. Get one while you still can.
Also relax, you are actually an early adopter if you start investing today, mentally prepare yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing 'Corrections Trends Perspective') and remember all this regarding Bitcoin investment:
Never try to time the market. Dollar cost average by buying what you can afford to lose every week.
It is always a good time to buy Bitcoin if you are hodling long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has practically been up most of the time, and the road to the moon is paved with minor corrections (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "The bitcoin bubble is about to pop" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflatioary and limited supply currency and its growth is exponential.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential 'S-Curve' of adoption. Check out this great 2017 MIT study: "The Cryptocurrency Market Is Growing Exponentially". Patience pays, don't listen to the "Expert Analysts on MSM".
Bitcoin is a Moneybadger that get's stronger and immunized with every new attack and this broad picture of its price since infancy (1 year candles on a logarithmic scale) shows Bitcoin growth is not in a "bubble" right now. Learn the difference between Inflation (dollar) and Deflation (Bitcoin) and just take a look at the fiat >20 trillion (and growing fast) debt clock to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: "2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”. Bitcoin, the Moneybadger, is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think blockchain will disrupt their industry.
Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So, remember this and don't wait for the Bitcoin "bubble" to burst or for the price to drop significantly again, because you could be waiting forever:
“The best time to buy bitcoin was a few years ago, the second best time is always now”.
Don't be -- this guy
Here is a good start:
"Introduction to Bitcoin" - Andreas Antonopoulos
Playlists on Andreas own YT channel
Check out this great articles:
"What Gave Bitcoin Its Value?"
"How do Bitcoins have value?"
How to buy Bitcoin?
Where to buy Bitcoin list
Excellent "Crypto 101" by stos313)
Where to use Bitcoin list by Bitcoin-Yoda
Bitcoin is a worldwide-distributed decentralized peer-to-peer censorship-resistant trustless and permissionless deflationary system/currency (see Blockchain technology) backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized.
Receive and transfer money, from cents (micropayments) to thousands:
  • Cheap regardless of amount $$$ sent (more scaling apps coming)
  • Borderless (no country can stop it from going in/out or confiscate)
  • Trustless (nobody needs to trust anybody for it to work)
  • Privacy (no need to expose personal information)
  • Securely (encrypted cryptographically and can’t be confiscated)
  • Permissionless (no approval from central powers needed)
  • Instantly (from seconds to a few minutes)
  • Open source (auditable by anybody)
  • Worldwide distributed (from anywhere to anywhere on the planet)
  • Censorship resistant (no government can stop its use)
  • Peer-to-peer (no intermediaries with a cut)
  • Portable (easier to carry/move than cash, gold and silver)
  • Public ledger (transparent, seen by everybody)
  • Scalable (each bitcoin is divisible down to 8 decimals)
  • Decentralized (distributed with no single point of failure)
  • Deflationary (its supply goes down with time until reaching 21 million ever)
  • Immutable global registry (can’t be altered/hacked by nobody)
  • No chargebacks-No fraud ('push' vs' 'pull' transactions).?
And that’s just as currency, Bitcoin has many more uses and applications.
Edit: Formatting.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

10-24 18:34 - 'Welcome! Here are some links, if it's too long just start with DCA and watch Andreas video: / [quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][quote][q...' by /u/readish removed from /r/Bitcoin within 0-3min

'''
Welcome! Here are some links, if it's too long just start with DCA and watch Andreas video:
When you come asking when is a good time to buy, the answer is: Buy now, always [Hodl]1 in [FUD times]2 (Bitcoin has ["died"]3 many times, but [Moneybadger]4 don't care, [buy the dips]5 and never panic-sell, stuff like: ["China ban Bitcoin...again!"]6 will [keep happening]7 again and [again]8 .
Here's Bitcoin's [response]9 to Jamie Dimon. Stick to the [real Bitcoin]10 through all the ['forks' and 'splits']11 that accomplish nothing but new mediocre, unsafe and centralized altcoins, strengthen/immunize Bitcoin and give you free altcoins to buy more Bitcoin.
All [Central Powers look silly]12 trying to [control or ban]13 it. Learn from [history]14 and listen to this [absolute Boss]15 . There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, [Total number of millionaires (in USD value) worldwide is around 33 million]16 . BTC is the [best money]17 .
Also relax, you are actually an [early adopter]18 if you start investing today, [mentally prepare]19 yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing ['Corrections Trends Perspective']20 ) and remember all this regarding Bitcoin investment:
Never try to time the market. [Dollar cost average]21 by buying what you can afford to lose every week.
It is always a good time to buy Bitcoin if you are [hodling long term]22 and not just for [day trading]23 , so this is a great [strategy]24 . Remember that Bitcoin has practically been up most of the time, [and the road to the moon is paved with minor corrections]25 (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "The bitcoin bubble is about to pop" since 2009, don't know that bitcoin is a decentralized system with mathematically fixed, deflatioary and limited supply currency and its growth is [exponential]26 .
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential ['S-Curve' of adoption] ([link]60 ). Check out this great 2017 MIT study: ["The Cryptocurrency Market Is Growing Exponentially"]27 . Patience [pays]28 , don't listen to the ["Expert Analysts on MSM"]29 .
Bitcoin is a [Moneybadger]30 that get's stronger and immunized with [every new attack]31 and this [broad picture of its price since infancy]32 (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's [exponential]33 (bigger "bubbles" every time), this old [logarithmic scale]34 has been accurate so far.
Learn the difference between [Inflation (dollar) and Deflation (Bitcoin)]35 and just take a look at the fiat >20 trillion (and growing fast) [debt clock]36 to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply).
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: ["2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”]37 . Bitcoin, the [Moneybadger]38 , is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think [blockchain will disrupt their industry]39 . Check out these Bitcoin [Economy]40 and Bitcoin [Transaction]41 infographics.
Also, remember its [fixed, limited supply of 21 million coins ever,]42 there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every [4 years till then]43 . So, remember [this]44 and [don't wait for the Bitcoin "bubble" to burst]45 or for the price to drop significantly again, because you could be waiting forever:
“The best time to buy bitcoin was a few years ago, the second best time is always now”.
Don't be -- [this guy]46
Here is a good start:
["Introduction to Bitcoin" - Andreas Antonopoulos]47
Playlists on [Andreas own YT channel]48
Check out this great articles:
["What Gave Bitcoin Its Value?"]49
["How do Bitcoins have value?"] ([link]61 )
["Yes, Cryptocurrencies are Valuable"]50
Bitcoin [ELI5]51
Bitcoin [Resources]52 .
Bitcoin [ Infographic]53 .
How to [buy Bitcoin?]54
Where to [buy Bitcoin list]55
Excellent ["Crypto 101"]56 by stos313
Where [to use Bitcoin list]57 by Bitcoin-Yoda
Starter Guide ["Bitcoin Complete And Ultimate Guide"]58 .
Who accepts Bitcoin? [List of Companies, Stores, Shops]59 .
Bitcoin is a worldwide-distributed decentralized peer-to-peer censorship-resistant trustless and permissionless deflationary system/currency (see Blockchain technology) backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized.
Receive and transfer money, from cents (micropayments) to thousands:
  • Cheap regardless of amount $$$ sent (more scaling apps coming)
  • Borderless (no country can stop it from going in/out or confiscate)
  • Trustless (nobody needs to trust anybody for it to work)
  • Privacy (no need to expose personal information)
  • Securely (encrypted cryptographically and can’t be confiscated)
  • Permissionless (no approval from central powers needed)
  • Instantly (from seconds to a few minutes)
  • Open source (auditable by anybody)
  • Worldwide distributed (from anywhere to anywhere on the planet)
  • Censorship resistant (no government can stop its use)
  • Peer-to-peer (no intermediaries with a cut)
  • Portable (easier to carry/move than cash, gold and silver)
  • Public ledger (transparent, seen by everybody)
  • Scalable (each bitcoin is divisible down to 8 decimals)
  • Decentralized (distributed with no single point of failure)
  • Deflationary (its supply goes down with time until reaching 21 million ever)
  • Immutable global registry (can’t be altered/hacked by nobody)
  • No chargebacks-No fraud ('push' vs' 'pull' transactions).
And that’s just as currency, Bitcoin has many more uses and applications.
Edit: Formatting.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: readish
1: https://i.redd.it/fvh3ibzxz8kz.jpg
2: https://99bitcoins.com/bitcoinobituaries/ 3: https://i.redd.it/hfahmbnhm8mz.gif 4: https://media.giphy.com/media/gRiIzaIEx2NOw/giphy.gif 5: https://i.redd.it/rzshmoa2iokz.png 6: https://www.youtube.com/watch?v=Ry6PpRXk0dQ 7: https://i.redd.it/hhemw5893ilz.png 8: assets.bw*x.i*/ima*es*use*s/*qjWHBF*fxIU*ia*WDRd*a2ew/v1***0x*1.*** 9: https://cdn-e2.streamable.com/video/mp4/krkvu.mp4?token=1505391795_b2860bb3f73fe8852b803dfd7260ae43a3f8a5fd 10: https://pbs.twimg.com/media/DMRkGFIWsAE7pZy.jpg:orig 11: https://gyazo.com/487f5bd0d4ae9bd0963e0a9f311b760f 12: https://i.redd.it/1ui0rr23hplz.jpg 13: https://99bitcoins.com/wp-content/uploads/2014/05/Banning-Bitcoin.jpg 14: https://pbs.twimg.com/media/DJ6YHrPXcAAGhA1.jpg:large 15: https://www.youtube.com/watch?v=kPYUNN7QkPY 16: https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html 17: https://gyazo.com/2215921efdb65878961c15a5b5107fc4 18: https://gyazo.com/17686a64065799190aeda3aa7e42f59e 19: https://imgur.com/KuflBtk 20: https://gyazo.com/55239b2aefbac8fb150fde557aaf4085 21: http://www.investopedia.com/terms/d/dollarcostaveraging.asp 22: https://i.redd.it/pc1exi5dd0ez.jpg 23: https://i.redd.it/vis4nvsd3flz.jpg 24: https://imgur.com/PJDf2tp 25: https://i.redd.it/kfgi0cdkt36z.png 26: https://en.wikipedia.org/wiki/Exponential_growth 27: **w.tech*o*ogyr*v*e*.com/s/60794**th*-c*yp*ocurrency-m**ket-i*-g*owi*g-e***nentia*ly/ 28: https://i.redd.it/d5dgq77xdolz.jpg 29: https://i.redd.it/tklsw2fouqlz.jpg 30: https://i.redd.it/1d6avnrdt0ez.jpg 31: https://i.redd.it/gumb0i0lyctz.jpg 32: https://i.redd.it/r8q26ebtaxiz.png 33: https://i.redd.it/wtmigx7ny6tz.png 34: https://gyazo.com/8f6ba83e67c9abf02f8570ba17195b3a 35: https://imgur.com/uA5r9U6 36: www.u*debt*lo**.o*g/ 37:
https://www.forbes.com/sites/panosmourdoukoutas/2017/07/01/bitcoin-beats-stocks-bonds-and-gold-again/#73a567dd5c4d 38: https://imgur.com/a/6XHUD#C3Pe5MD 39: https://imgur.com/drBgEe4 40: https://i.redd.it/jbqzuvawt1tz.jpg 41: i.p**yg*s.com/*e*10**a98a4267**b78*25d*6722da*.jpg 42: https://thebitcoinhustler.files.wordpress.com/2017/07/11.jpg 43: http://www.bitcoinblockhalf.com/ 44: https://i.redd.it/j327zs6kyg9z.png 45: https://i.redd.it/xsvh37tatvrz.jpg 46: https://imgflip.com/i/1hlmpp 47: https://www.youtube.com/watch?v=qkxdys-Ek9U 48: https://www.youtube.com/useaantonop/playlists 49:
https://fee.org/articles/what-gave-bitcoin-its-value/ 50: *ackernoon.*om/yes-cryp*ocur**ncies-*r*-*aluabl**aa*9**58ca** 51: **w.e*i5bitc*i*.com/ 52: lopp.net*bi*coi*.ht** 53: bi*coinpl**.*et/w*-*onte*t**ploads*2017/08*b*tcoin-*act**1-1*png 54: https://bitcoin.org/en/buy 55: https://www.reddit.com/Bitcoin/comments/6ymwtm/where_to_buy_bitcoin_list/ 56: https://drive.google.com/file/d/0BzY8205tKpokVVZXVmdjQW5pNFphUEJjLTVnQVFES0llY1hF/view 57: https://www.reddit.com/Bitcoin/comments/75mia6/pleasant_surprise/do7gyiw/ 58: **w.*ashprof*com/bi*c**n*complet**ultimate*g*ide/ 59: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ 60: https://imgur.com/a/3UA7s#uX6xPGM 61: https://www.quora.com/How-do-Bitcoins-have-value/answeDavid-Strayhorn
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

What Advantages Does Bitcoin Have Over Traditional Currencies

I was asked to post this article that I wrote. It was turned down for publication by Seeking Alpha. I don't think it will be very interesting to people already familar with bitcoin, but I posting it anyway.
What Advantages Does Bitcoin Have Over Traditional Currencies?
Disclaimer: Bitcoin, when treated as an investment, is highly speculative. This article looks at the advantages and disadvantages of Bitcoin. It is not a recommendation to invest. This article assumes a basic familiarity with how Bitcoin works. See http://bitcoin.org/en/how-it-works for a basic explanation if you don't know how Bitcoin works.
Why Bitcoin?
You might wonder why you would use bitcoins when you have credit cards, wire transfers, and PayPal to help you send money online. There are some flaws with those three methods of sending money.
PayPal and credit card transactions can easily be reversed by the buyer. You might think this is positive, since it allows the buyer to get his or her money back if the seller never delivers the product. This is actually a negative. Buyers sometimes perform charge-backs even when the product was delivered. Merchants with too many charge-backs may be charged fees by the credit card companies. That is on top of the normal transaction fees, which are about 1-3.5% on average. These fees increase the cost of doing business and raise the barrier of entry into the retail business.
Wire transfers don't have the same charge-back issues, but they can be expensive. There is usually a fee to send a wire and some banks have a fee to receive. The fee means bank wires don't make sense if you are not sending a significant amount of money. Also, in this day it doesn't make sense that completing a wire transfer requires the interaction of employees of the sending and receiving bank.
Bitcoin transactions are practically irreversible. As time goes on, it gets harder and harder to reverse a transaction. After approximately an hour, the transaction is considered irreversible. For smaller transactions, like the exchange of bitcoins for a cupcake, you don't have to wait. This is because the cost of attempting to perform a reversal far exceeds the value of the cupcake. There are already companies that allow businesses to accept bitcoin transactions instantly, without risk of reversal. One such company is BitPay, which also allows businesses to have fiat currency deposited to their bank accounts daily.
Bitcoin transactions also are relatively cheap. As of the writing of this article, the typical transaction fee is approximately $0.05. The fee goes to the computers that verify the transaction's validity. People often point out the cost of running the computers that verify transactions. These people don't realize that cash has hidden costs. We must consider the cost of producing coins and bills, the cost of armored cars and guards to transport the money, and the cost of computer systems keeping track of account balances. There is also the cost of running the international network of ATMs.
Another distinction is bitcoin transactions are push, whereas credit card transactions are pull. What this means is that I must give the merchant my credit card information and the merchant uses that to initiate the transaction. Anyone, authorized or not, is capable of charging me using that information. With Bitcoin, I initiate the transaction by making a payment for a specific amount to a specific merchant. The merchant is able to see that I have paid, but is unable to charge me again without my explicit consent.
Bitcoins, unlike fiat currencies such as USD, cannot be arbitrarily generated. No more than 21 million bitcoins will ever exist. Fractions of a bitcoin can be spent. Currently there is support for sending amounts out to 8 decimal places. That means there are 2.1 million billion basic units. A million billion is also known as a quadrillion. The rate at which bitcoins are generated is set, meaning that Bitcoin is not subject to the greed of a central bank or State that prints money with no real economic growth to justify the printing. Yes, as the 21 million bitcoins are being generated, the money supply does inflate, but it does so at a predetermined rate. And if there is not economic growth to justify the inflation, the value of bitcoin will drop to reflect that.
An issue with fiat currency is people don't know what their purchasing power will be in the future. If the government keeps printing money, without real economic growth to justify the printing, then a person's money will buy less in the future than it does today. That uncertainty encourages the use of loans and credit cards to purchase goods and services for which the buyer does not have the money. This buy now, pay later attitude creates economic issues. It discourages saving money, so when there is some unexpected medical procedure a person needs, that person does not have the money to pay. They just add to the list of loans they will never be able to pay off.
Since Bitcoin's inflation is predictable, it makes good money. If people don't feel compelled to spend their money, they will save it. Saving money, when you don't have a debt based currency, is good. It ensures you will be able to pay for expenses, planned or unplanned. It also helps improve the quality of goods and services. If people are not rushing to spend their money, companies will have to actually innovate to entice people to spend their money.
So it sounds like bitcoins share a lot of properties with gold? Why might I use bitcoins instead of gold?
You are correct, they share a lot of properties. One advantage of bitcoins over gold is bitcoins are very granular, or easily broken down into small parts. The issue with taking your ounce of gold to the store to buy a banana is that there is no convenient method of providing change. A banana is obviously worth significantly less than an ounce of gold. Does the store give you change in dollars? But you gave the store gold and you want your change in gold!
Bitcoins are, for all intents and purposes, infinitely divisible. So you just send the store the exact value of a banana in bitcoins. There is no change.
Gold can be difficult to secure and transfer. People have their gold stolen by governments at borders. Bitcoins are digital, so they can be accessible from anywhere in the world that has internet access.
Gold can also be difficult to verify. Tungsten filled gold can easily be passed as real, solid gold. Bitcoins can't be counterfeited. If someone sends me bitcoins, I can check my account. Either my account says I have those bitcoins, or it doesn't and the person was lying about sending the bitcoins.
I am interested in Bitcoin. How do I get some?
There is still a lot of infrastructure and services that need to be developed before bitcoins are easy and secure for non-technical individuals to acquire and safely hold. This article simply looked at the pros and cons of Bitcoin. It is not a recommendation to invest or not invest. Bitcoin is very young, technologically speaking. It would be considered a speculative investment.
If you are still interested in acquiring bitcoins, you would do so in the same way you would acquire any currency. Sell an item you have or a service you are able to provide. Or, you could use an exchange that allows you to trade dollars for bitcoins.
Questions?
If you have questions, or a Bitcoin topic you would like to see covered in more depth, let me know in the comments below.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
submitted by financefad to Bitcoin [link] [comments]

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STOCK JUEGOS PS4 (Primaria, Secundaria, Alquiler 7 dias)
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Sane Trilogy (18, 10, 4) · UFC 3 (20, 14, 4) · WWE 2K19 (20, 14, 4) · NBA 2K19 (22, 16, 4) · PES 19 (22, 16, 4) · FIFA 19 (25, 20, 5) · Tomb Raider: Definitive Edition (12, 6, 3) · Rise of the Tomb Raider (18, 8, 3) · NEED FOR SPEED (8, 5, 3) · NEED FOR SPEED RIVALS (8, 5, 3) · Need for Speed Payback (10, 5, 3) · Gran Turismo Sport (18, 10, 4) · DRIVECLUB (8, 4, 3) · CALL OF DUTY GHOSTS (10, 4, 3) · CALL OF DUTY ADVANCED WARFARE (8, 4, 3) · GTA V (12, 6, 4) · BATTLEFIELD 4 (10, 5, 3) · BATTLEFIELD HARDLINE (10, 5, 3) · BATTLEFIELD 1 (10, 5, 3) · Battlefield 1 Deluxe Edition (15, 8, 4) · BATTLEFIELD 1 PREMIUM PASS PS4 (15, -, -) · FAR CRY 4 (8, 5, 3) · FAR CRY PRIMAL (14, 7, 4) · Far Cry® 3 Classic Edition (12, 6, 3) · THE EVIL WITHIN (8, 5, 3) · THE EVIL WITHIN 2 (12, 6, 3) · KNACK (8, 5, 3) · KILLZONE (7, 4, 3) · Assassin creed 4 black flag (8, 5, 3) · ASSASSINS CREED SYNDICATE · ASSASSINS CREED UNITY (8, 5, 3) · Assassin’s Creed® The Ezio Collection (20, 12, 5) · Assassin’s Creed® Origins (25, 16, 5) · Assassin's Creed Odyssey (25, 16, 5) · MINECRAFT (8, 5, 3) · DRAGON AGE (8, 5, 3) · DYING LIGHT (10, 5, 3) · Dying Light - Enhanced Edition (12, 6, 3) · SLEEPING DOGS (8, 5, 3) · ALIEN ISOLATION (8, 5, 3) · THE CREW 1 (8, 5, 3) · THE CREW 2 (8, 5, 3) · INFAMOUS SECOND SON (8, 5, 3) · INFAMOUS FIRST LIGTH (8, 5, 3) · WATCH DOGS I (8, 5, 3) · WATCH DOGS II (12, 6, 3) · SOMBRAS DE MORDOR (8, 5, 3) · UNCHARTED 4 A THIEF´S END (10, 4, 3) · UNCHARTED The Nathan Drake Collection (11, 6, 3) · UNCHARTED: The Lost Legacy (18, 10, 4) · DIRT RALLY 4 (16, 9, 4) · DARK SOULS III (16, 10, 4) · DARK SOULS III DELUXE EDITION (20, 13, 4) · MORTAL KOMBAT X (8, 5, 3) · MORTAL KOMBAT XL (10, 6, 3) · RAINBOW SIX SIEGUE (15, 8, 4) · THE DIVISION (16, 8, 4) · Tom Clancy’s Ghost Recon Wildlands (16, 8, 4) · THE WITCHER 3 (10, 5, 3) · KINGDOM HEARTS HD 1.5 +2.5 ReMIX (18, 11, 4) · KINGDOM HEARTS HD 2.8 (18, 11, 4) · RISK (10, 5, 3) · NIOH (12, 6, 3) · The last of us Remastered (10, 5, 3) · Mass Effect: Andromeda (10, 5, 3) · ROCKET LEAGUE (8, 5, 3) · PERSONA 5 (15, 8, 3) · SNIPER ELITE 4 (12, 6, 3) · FOR HONOR (12, 6, 3) · UNTIL DAWN (10, 5, 3) · METAL GEAR SOLID V: THE PHANTOM PAIN (10, 5, 3) · Cod Bo III - Gold Edition (10, 5, 3) · Cod Bo III - Digital Deluxe Edition (14, 7, 3) · Cod Bo III: Zombies Chronicles USA (10, -, -) · Cod bo III Season Pass USA (10, -, -) · Cod: Infinite Warfare (14, 7, 3) · Cod: Infinite Warfare - Legacy Edition (18, 10, 3) · Cod: Modern Warfare Remastered (16, 8, 3) · COD: WWII (14, 7, 3) · FALLOUT 4 (8, 5, 3) · RESIDENT EVIL 7 (15, 8, 3) · BATMAN ARKHAM KNIGHT (8, 5, 3) · Friday the 13th: The Game Launch Bundle (15, 9, 3) · TEKKEN 7 (22, 14, 4) · JUST CAUSE 3 (8, 5, 3) · Just Cause 4 (25, 16, 4) · Just Dance 2017 (15, 8, 3) · Just Dance 2018 (25, 16, 4) · OUTLAST (8, 5, 3) · OUTLAST 2 (12, 6, 3) · GOD OF WAR III REMASTERED (8, 5, 3) · Horizon Zero Dawn (16, 9, 3) · INJUSTICE 2 (14, 7, 3) · HITMAN™ - The Complete First Season (15, 7, 3) · FOR HONOR (16, 9, 3) · Street Fighter V (16, 9, 3) · Overwatch Game of the Year Edition (16, 9, 3) · Dead Island Definitive Edition (10, 5, 3) · BLOODBORNE (8, 5, 3) · DiRT 4 (22, 15, 4) · THE LAST GUARDIAN (15, 8, 3) · The Elder Scrolls Online: Morrowind PS4 + Theme (15, 8, 3) · The Elder Scrolls V: Skyrim Special Edition (18, 9, 4) · The Elder Scrolls Online Tamriel Unlimited (12, 6, 3) · STAR WARS Battlefront (8, 5, 3) · STAR WARS Battlefront 2 (8, 5, 3) · TITANFALL 2 (8, 5, 3) · THE SURGE (8, 5, 3) · RATCHET AND CLANK (12, 6, 3) · INSIDE (8, 5, 3) · Saints Row: Gat Out of Hell (8, 5, 3) · 7 DAYS TO DIE (10, 5, 3) · DOOM (8, 5, 3) · Lords of the fallen (8, 5, 3) · YAKUZA 0 (10, 5, 3) · FINAL FANTASY XV (20, 11, 4) · prey (8, 5, 3) · DRAGON BALL XENOVERSE 1 (8, 5, 3) · DRAGON BALL XENOVERSE 2 (25, 16, 4) · DRAGON BALL FIGHTERZ (25, 16, 4) · NIER AUTOMATA (12, 6, 3) · One Piece: Burning Blood (18, 10, -) · Mirror's Edge Catalyst (8, 5, 3) · NARUTO SHIPPUDEN ROAD TO BORUTO (8, 5, 3) · The Order: 1886 (8, 5, 3) · ARK: Survival Evolved (20, 18, 4) · Mafia III (15, 8, 3) · FIREWATCH (8, 5, 3) · PAYDAY 2: CRIMEWAVE EDITION (8, 5, 3) · BioShock: The Collection (18, 10, 4) · STEEP (10, 5, 3) · Farming Simulator 17 (8, 5, 3) · Plants Vs Zombies (8, 5, 3) · Diablo III: Eternal Collection (10, 5, 3) · MAD MAX (8, 5, 3) · Project CARS 2 (10, 5, 3) · Pubg (15, 8, -) · The Sims 4 (15, 8, 3) · FIFA 14 (3, 2, 1) · FIFA 15 (3, 2, 1) · FIFA 16 (4, 3, 2) · FIFA 17 (5, 3, 2) · FIFA 18 (10, 5, 3) · PES 2015 (4, 3, 2) · PES 2018 (10, 5, 3) · PRO 2018 FC Barcelona Edition (12, 6, 3) · NBA 2K14 (3, 2, 1) · NBA 2K15 (3, 2, 1) · NBA 2K16 (4, 3, 2) · NBA 2K17 (5, 3, 2) · NBA 2K18 (10, 5, 3) · NBA Playgrounds (10, 5, 3) · NHL 17 (4, 3, 2) · MLB 17 (4, 3, 2) · MADDEN NFL 17 (4, 3, 2) · MADDEN NFL 18 (5, 3, 2) · WWE 2K17 (5, 3, 2) · F1 2016 (5, 3, 2) · F1 2017 Special Edition (10, 5, 3) · UFC (8, 5, 3) · UFC 2 (10, 5, 3) · UFC 2 Deluxe Edition (12, 6, 3) · DESTINY (8, 5, 3) · DESTINY: THE TAKEN KING (8, 5, 3) · DESTINY 2 (12, 7, 3) · DESTINY 2 - DELUXE EDITION (15, 8, 3)
STOCK CÓDIGOS:
·CÓDIGO DE PLAYSTATION PLUS (ESPAÑA): 37€.
·CÓDIGO DE 50€ PARA PLAYSTATION, PSN CARD PARA CARGAR TU MONEDERO (ESPAÑA): 37€.
·CÓDIGO CON 12.000 FIFA POINTS PARA CANJEAR EN TU PROPIA CUENTA (ESPAÑA): 58€.
·CÓDIGO DE 50$ PARA PLAYSTATION, PSN CARD PARA CARGAR TU MONEDERO (USA): 33€.
UNA ¨BREVE¨ DESCRIPCIÓN SOBRE MI
Hola a todos! mi nombre es Toni y mi compañero de trabajo es David, somos nuevos en Reddit y nos gustaría expandir un poco nuestro mercado por este foro.
Llevamos más de 7 años vendiendo todo tipo de juegos digitales, códigos o suscripciones.
Hilo de forocoches en el que vendemos Psn Plus, Psn cards, Fifa points, etc:
https://www.forocoches.com/foro/show...#post327559006
Principalmente manejamos un gran catalogo de juegos para Playstation y Xbox one, más abajo pondremos una lista de unos cuantos juegos que tenemos en Stock (no todos obviamente porque nos llevaría demasiado tiempo).
Queremos dejar claro que todos nuestros productos son legales, oficiales y sin ningún tipo de riesgo para ti, por lo que nunca tendrás ningún problema de baneo, candado, restricción de la cuenta o problemas del estilo.
Nuestros juegos son comprados con PSN Cards, nada de hack o cuentas de dudosa procedencia, vendemos Primaria y Secundaria para PS4, lo mismo para Xbox One. Ahorraros preguntas como: ¿y dónde está vuestro beneficio? o temas que se han dejado claros en esta descripción.
La entrega siempre es inmediata después del pago, para usuarios con buena reputación aquí no hay ningún problema en entregar el juego antes del pago.
Se entregará con unas instrucciones muy detalladas en las que vendrá todo bien mascado y en menos de 2 minutos tendrás el juego en tu consola descargándose.
Si hay algún juego de cualquier plataforma en especial que queréis y no está en nuestro catalogo, por favor, no dudes en preguntarnos.
Ofrecemos soporte todas las tardes de 16:00 a 00:00 para ayudar con cualquier duda o pregunta.
Dejamos claro que, una vez entregado el juego, debéis seguir todas las normas indicadas en nuestras instrucciones, si se llevan a cabo acciones que no están permitidas, como: cambiar email y contraseña de la cuenta, no nos hacemos responsables si pierdes el juego. Nosotros aseguramos el correcto funcionamiento del juego si sigues todas las instrucciones indicadas.
Nuestros juegos pueden ser de la Store USA o Store Española, antes de enviar cualquier juego te informaremos de que Store tenemos disponible el juego que tu quieres y en que idiomas podrás jugar, para que decidas si te interesa comprarlo o no.
Tenemos otros productos como: Psn cards para playstation, Psn plus, Gift Cards Xbox one, Fifa points para Fifa 19 de playstation.
Puedes encontrarlos en nuestro segundo hilo: https://www.forocoches.com/foro/show...#post327559006
Agradecemos mucho a los usuarios que, tras la compra, dejan un buen comentario en nuestro hilo. Pedimos perdón de ante mano si cometemos cualquier error al postear mensajes, responder usuarios o cualquier acción errónea en este hilo, ya que somos nuevos aquí y acabamos de conseguir esta cuenta después de estar varios meses detrás de una invitación.
Los métodos de pago que aceptamos son: Paypal, Paysafecard, Bitcoins, Bizum, transferencia/ingreso Bankia, BBVA, La Caixa. Para otros métodos de pago preguntar.
Nuestro twitter es https://twitter.com/EligeloYa, echarle un ojo si queréis!
Gracias por tu tiempo, cualquier duda estamos por aquí!
submitted by tonikastillo to u/tonikastillo [link] [comments]

Weed, and its effects on NoFap

Good old weed. One of those divisive topics where opinions range from "Weed can't do you any harm, it's natural bro" to "Weed is the devils lettuce and will fuck up your life" and everything in between. I'm going to give a balanced assessment of Cannabis and how it affects you, your goals/success in life, and how it compares to other drugs people take on a regular basis. Keep in mind lots of this is anecdotal, and I recommend doing your own research as well.
First, I'm going to give you some context. I am an (almost) 20 year old University student. I have been smoking weed for a few years. I first got high in my junior year of high school (Grade 11, for the European and Canadian readers). During this time, I smoked very occasionally, probably about once a month or so, and therefore weed wouldn't have affected me in almost any way whatsoever. In my senior year, I would get high almost every weekend, usually with my friends. In first year of University, I smoked a LOT of weed. Like me and my Uni buddies were buying O's on the regular. Luckily I didn't drink too much, maybe once a week, so I wasn't completely ravaging my body during that year. During my second year (which just finished) I was for the most part still an everyday smoker, but I limited it to mostly smoking at nighttime, like a bowl and some fortnite before bed, or whatever.
How does this relate to NoFap? I'll show you:
  1. Weed makes you horny, and increases sexual pleasure. It's a slight aphrodisiac, and therefore makes keeping nofap streaks a lot harder than being sober. I know personally the majority of my broken nofap streaks are due to me being baked as fuck late at night.
  2. Weed isn't something that gets you super fucked up like alcohol or other drugs, and this makes it an easy drug to abuse or use on a daily basis without noticing any major negatives (even if there are some) that it is causing you. Many people sit at home, and smoke ALL DAY. Not only is this bad for their cognition, but being baked all the time means that you'll spend a lot more time at home being lazy, and this makes you more likely to get bored and open up that private browser.
What about other general effects on your life?
  1. Weed makes you content and happy. Alone this isn't bad, however when smoked consistently it makes you okay with mediocrity. You won't seek that new promotion at work, or talk to that girl you like, because in your head you're "doing fine". You're not doing fine bro, that's the fucking weed talking. Go get shit done.
  2. Weed fucks with your hormones (If you're a male) and shrinks your balls. Daily weed usage (along with bad diet and low exercise) can give you man boobs, and even if you're eating well and exercising it still affects your hormones and your testicles.
  3. Weed, if smoked, while better than cigarettes, isn't good for your cardiovascular and lung health. Which can affect your gains and your performance in the bedroom. Edibles obviously don't relate to this one.
  4. If you're young, weed can permanently affect your brain. If you're an older adult, it can affect your memory and cognition until you stop smoking.
  5. Sucks to say it, but some people, particularly extremely successful people still have negative views on Cannabis, and them finding out you smoke could affect negatively upon their views of you.
  6. Weed makes some people anxious (like myself) and can mess with their social skills. Not exactly helpful if you're trying to meet girls or make new friends. Also, unless you're drinking as well, I find being baked at parties ruins your charisma.
  7. It's still illegal (for now anyways) so be careful. Don't drive high.
  8. Weed costs money. Invest all this money in yourself instead. Buy stocks, buy bitcoin, buy a car.
With all of that being said I'd like to say this:
  1. Tobacco and alcohol are still infinitely worse than weed. If you were to have a vice, weed is a relatively minor one.
  2. If you're going to smoke, do it just once in a day (don't re-smoke over and over again) and try to do it around others or for a special occasion, such as at a party, when seeing a movie with your friends, etc., this stops you from getting in the habit of sitting at home and ripping bong all day.
  3. Try to limit your smoking to once a week.
  4. Remember that if you're not always moving forwards, you're moving backwards. Apply this to substance use, the gym, girls, everything.
Thanks for reading.
submitted by AggressiveMarket to NoFap [link] [comments]

[H] (SEA - South East Asia) Steam Games [On-Demand] | Overwatch Origins Edition [ROW] | OtakuMaker Bundles | Indiegala (IG) Bundles [W] Keys / Gems / Paypal

WARNING! This is a Capitalist Store

> Rules:

  1. NO Capsule key or Tour of Duty Ticket. I only take sack of gems so 1 key = 3000 gems & 0.5 key = 1500 gems
  2. Reply here first or comment in my Steam profile before adding me.
  3. 1st priority trade will always go to whoever send me a trade offer. My Steam Trade Offer Steam Trade Offer Link
  4. For Bundles, I will need your mail to send the gift.
  5. Reminder: Keys / Gems that you just purchased will be restricted for 7 days before you can trade it
 

> Paypal Rules:

  1. Only Blue or higher flair may use Paypal. As quoted from SGS Rules "Blue or higher flair may only offer and receive their: Money transferring services such as Bitcoin, Paypal, Skrill, Google Wallet"
  2. Your paypal account must be verified.
  3. Send the money as friends/family or as a gift.
  4. You need to comment below and I will PM you with the payment details.
 
NB: This is a restricted gift which can only be redeemed in these countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, Viet Nam
Note: 0.25 key = 750 gems | 0.5 key = 1500 gems | 0.75 = 2250 gems

> SEA Region Locked Games

Game Name CS:GO Keys Price TF2 Keys Price Paypal Price (in USD)
Not on the list? Just Ask Me Just Ask Me Just Ask Me
MIDWEEK/WEEKEND DEALS
Grand Theft Auto V 8.5 CSGO Keys 9.5 TF2 Keys $17
Just Cause 3 3 CSGO Keys 3.5 TF2 Keys $6
Just Cause 3 XL 4.5 CSGO Keys 5 TF2 Keys $9
Mount & Blade: Warband 1.5 CSGO Keys 1.75 TF2 Keys $3
Mount & Blade Full Collection 4 CSGO Keys 4.5 TF2 Keys $8
Tom Clancy’s The Division™ 9.5 CSGO Keys 10.5 TF2 Keys $19
Tom Clancy’s The Division™ Gold Edition 16 CSGO Keys 17.75 TF2 Keys $32
Dead by Daylight 3 CSGO Keys 3.5 TF2 Keys $6
Dead by Daylight Deluxe Edition 4.5 CSGO Keys 5 TF2 Keys $9
Hearts of Iron IV: Cadet Edition 5.5 CSGO Keys 6 TF2 Keys $11
Hearts of Iron IV: Colonel Edition 7 CSGO Keys 7.75 TF2 Keys $14
Special Promotions
Nitroplus Blasterz: Heroines Infinite Duel 5.75 CSGO Keys 6.5 TF2 Keys $11.5
Pre-Purchase Space Hulk: Deathwing 7 CSGO Keys 7.75 TF2 Keys $14
Pre-Purchase Shiness: The Lightning Kingdom 6 CSGO Keys 6.75 TF2 Keys $12
Pre-Purchase The Walking Dead: A New Frontier 5 CSGO Keys 5.5 TF2 Keys $10
Pre-Purchase Tales of Berseria 17 CSGO Keys 18.75 TF2 Keys $34
NB: This is a restricted gift which can only be redeemed in these countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, Viet Nam
 

> Overwatch Origins Edition (ROW) - CD-KEY

Current Price is 20 CS:GO Keys / 22 TF2 Keys / $40 Paypal

> OtakuMaker Bundles

Bundles Name Stock Available Gems Paypal
OtakuMaker Meridian4 Bundle #3 2 1000 gems $0.75
OtakuMaker PlayWay Bundle #1 2 1000 gems $0.75
 

> Indiegala Bundles List

Bundles Name Stock Available TF2/CSGO Keys Gems Paypal
Monthly Bundles
[Empty]() 1 1 key 3000 gems $2
Special Bundles
Indiegala Ex Machina 4 1 key for 2 bundles 1500 gems $1
Indiegala Reverse Fusion 6 1 key for 2 bundles 1500 gems $1
Indiegala Grab The Games 11 1 key for 2 bundles 1500 gems $1
Indiegala The Breakout 6 1 key I return 700 gems 2300 gems $1.5
Indiegala Daedalic Mega Bundle 8 1.5 keys 4500 gems $3
Indiegala The Indie Galactic 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Virtual Reality 5 1 key I return 700 gems 2300 gems $1.5
Indiegala Indie Shindy 4 1 key for 2 bundles 1500 gems $1
Indiegala Steamy Summer 6 1 key 3000 gems $2
Indiegala Offspring 5 1 key I return 700 gems 2300 gems $1.5
Indiegala Indiepolis 8 1 key I return 700 gems 2300 gems $1.5
Indiegala Dharker Studio 8 1 key I return 700 gems 2300 gems $1.5
Indiegala Indie Evolution 1 1 key I return 700 gems 2300 gems $1.5
Indiegala Artifex Mundi #2 6 1 key I return 700 gems 2300 gems $1.5
Indiegala Delucius 8 1 key I return 700 gems 2300 gems $1.5
Indiegala Action & Romance Anime 10 1 key 3000 gems $2
Indiegala Anuman Interactive #2 15 1 key I return 700 gems 2300 gems $1.5
Indiegala Indie Mogul 7 1 key I return 700 gems 2300 gems $1.5
Indiegala Indie Tales 10 1 key for 2 bundles 1500 gems $1
Indiegala Indie Breakoff 7 1 key I return 700 gems 2300 gems $1.5
Indiegala Spooktacular 6 1 key I return 700 gems 2300 gems $1.5
Indiegala The Indie Crusade 4 1 key I return 700 gems 2300 gems $1.5
Indiegala Battles & Emprises 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Indie Zone 1 1 key I return 700 gems 2300 gems $1.5
Indiegala Hazard Reboot 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Artifex Mundi #3 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Extinction 5 1 key I return 700 gems 2300 gems $1.5
Monday Bundles
Indiegala Monday Motivation #2 10 1 key for 2 bundles 1500 gems $1
Indiegala Monday Motivation #6 8 1 key I return 700 gems 2300 gems $1.5
Indiegala Monday Presidential 2 1 key I return 700 gems 2300 gems $1.5
Indiegala Monday Motivation #9 3 1 key I return 700 gems 2300 gems $1.5
Indiegala Monday Motivation #10 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Monday Motivation #11 10 1 key I return 700 gems 2300 gems $1.5
Hump Day Bundles
Indiegala Hump Day #19 6 1 key I return 700 gems 2300 gems $1.5
Indiegala Hump Day #20 6 1 key I return 700 gems 2300 gems $1.5
Indiegala Hump Day #21 9 1 key I return 700 gems 2300 gems $1.5
Indiegala Hump Day #22 12 1 key I return 700 gems 2300 gems $1.5
Indiegala Hump Day #25 4 1 key I return 700 gems 2300 gems $1.5
Indiegala Hump Day #31 10 1 key I return 700 gems 2300 gems $1.5
Friday Special Bundles
Indiegala Friday Special #31 6 1 key I return 700 gems 2300 gems $1.5
Indiegala Friday Special #33 14 1 key I return 700 gems 2300 gems $1.5
Indiegala Friday Special #36 9 1 key I return 700 gems 2300 gems $1.5
Indiegala Friday Special #38 10 1 key I return 700 gems 2300 gems $1.5
Indiegala Friday POTUS 2 1 key I return 700 gems 2300 gems $1.5
Want to get notified if there is a new bundle in stock? Subscribe to this discussion
 

> Indiegala Bundles Deposit Box

Slots Name Total Deposit
1 Joseph 0.25 key
2 jefdob 0.25 key
3 kevinkusuma 0.75 key
4 jaweso 0.25 key
Deposit box is a table to store extra payment for Indiegala.
submitted by anecdot11 to SteamGameSwap [link] [comments]

Does Big Data Spell Big Trouble? Leo Henry - YouTube Why Buying 0.1 BTC Now is Better Than 1 BTC Tomorrow (7 ... bitcoin hack Is Bitcoin Too Expensive?

Even though bitcoin is infinitely divisible, the supply of bitcoin relative to its demand still determines its value. Continued use of bitcoin will only increase demand against fixed supply and its value will rise accordingly. Infinite divisibility does not change the fact that bitcoin under its designed mining algorithm is more valuable to hold for its constantly increasing value than for its ... Q&A for Bitcoin crypto-currency enthusiasts. Stack Exchange network consists of 175 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.. Visit Stack Exchange A Reddit user has posted his version of the maths required for a future $10 million Bitcoin valuation. His assumptions are based on a number of factors including the global amount of millionaires, a $260 trillion stock and derivative market, and Bitcoin’s intrinsically scarce supply schedule. Because Bitcoins are traded electronically, unlike gold, they are infinitely divisible and enjoy a high velocity, so a deflationary spiral can only reduce the scope of bitcoin to the function of a store of value, a more practical process than is used for gold. In fact, the deflationary spiral would have adverse economic consequences only if bitcoins were the exclusive currency in a given ... The fact that Bitcoin can be lost or destroyed may have been a problem if Bitcoins were not able to be made infinitely divisible, but since they can be, it is a non-issue. If necessary, Bitcoin ...

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Does Big Data Spell Big Trouble?

Investor in Bitcoin & bitcoin advice for the easiest and least cost way to get started buying bitcoin and investing in bitcoin cryptocurrencies. Follow my ea... bitcoin hack http://tinyurl.com/lmkuhcs bitcoin hack Bitcoin is money based on mathematics. Bitcoin’s mathematical design is open and transparent. Anyone in ... Bitcoin exchanges allow the coins to be bought and sold on the open market like a stock exchange. Bitcoins can be used to purchase things and the currency can be divided infinitely. Every bitcoin ... People often tell me Bitcoin is too expensive and that they cannot afford it. Of course my answer is that they don't have to buy a whole ONE, but can buy as little as they like, as Bitcoin is ... With central bankers in full control, there is no way to protect your principal from negative yields and because computer digits are infinitely divisible, there could be a new inflation/deflation ...

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