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Slavish

20 interesting facts about Bitcoin.

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thank you. The sharing is really interesting. I have been in bitcoin for almost 3 years but I still don't know much about it. I am really curious about Satoshi Nakamoto, there is no news or any information about this man. maybe this is just a name he deliberately took. I really want to have more information about this man, I also want to say thank you to Satoshi Nakamoto

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On 11/23/2019 at 3:44 AM, Slavish said:

So, 20 interesting facts about bitcoin that you may not have known.

    The first transaction with bitcoin was made on January 21, 2009.
    In total, 21 million bitcoins can be produced, which will be mined gradually due to the complexity of the mining process. The last coin will be mined in 2140. . . - snip

Wow. What an interesting topic you've been created, pal. Thanks for sharing and creating this kind of topic, pal. I hope that many users will visit this section where your post be seen, especially those newcomers. It is because there are the ones that needs to visit this section because it contains information that they need to survive in cryptoworld.

Edited by ayatoslaw
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On 5/6/2020 at 11:07 AM, Summi said:

That is a good idea if I am able to make it big in this crypto world. I might to whatever to help with the growth of cryptocurrencies in my country.

Yes, everyone has the opportunity to develop even get support to realize whatever they want. That is the purpose of decentralization. Everyone will control themselves because of transparency. What you need are creativity and hard work.

 

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Most of these stories don't offer much value to the reader, but they are always reported again and again by the media, as they think a story of someone losing his keys is more important than explaining to people what Bitcoin is about. I chose not to talk too much about gossip and failures but talk about how Bitcoin is not failing, but working as expected for 11 years now.

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This information is very valuable and frankly I did not know many of it Thank you my friend for this wonderful work I am sure that we will be able to obtain some additional facts that are unknown at this time, but we will obtain them in the coming years

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thanks very much for sharing such a knowledgeable post , I didn't know some of theses fact about Bitcoin , this is really new topic for me kindly updated some more topic realted to this category .


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My friend, you deserve all thanks for this wonderful and informative topic about the history of Bitcoin since its inception and I advise any member of this forum to read your topic well and benefit from it

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I really liked your post, it is possibly one of the best and with more information that I have read here in the forum because of what it contributes to my culture in general about BTC, many things that I still did not know.
By the time I write this, there are more than 10,000 ATMs in the world that use BTC. Excellent news, no?
I just sent the link to this post to all my friends.
Do you think that BTC will be worth 1M usd in the future? In what year?
I have a good part of my family in the crypto world and friends too, investing in companies. I'm just about to trade, but I recognize that it is difficult. The important thing is to move the money, which in the bank does not grow.

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The information presented here is very interesting, it never hurts to know a little more in depth about the topic of something where you are putting your money, and something remarkable about this is that I did not know most of the things, it has been an interesting point.

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It would still remain as it should be and im strongly believing on that thing because no matter how difficulty increases and miners would be more developed or upgraded it doest really mean that it will make bitcoin to be decentralized and we all know that bitcoin cant be hardly controlled by any 3rd party.If they would plan to control or centralized it then they will have a hard time on cracking it for sure.

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These data are very interesting, actually more than half did not know, you have done a good job collecting all that information, thank you for sharing it, many people are still starting out in this world, all this information will be of great help to them.

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interesting and knowledgeable post, some additional facts that are unknown at this time, story of someone losing his keys is more important than explaining to people

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Bitcoin is the father of all cryptocurrencies, and now having the highest value, trying to go mainstream, it is the first decentralized cryptocurrency that was successful. It is the start of blockchain industry, it is a very valid money to use. 

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All these are great and interesting but there won't be a government that will allow all money to be decentralized and they make plans to remove this from our cryptocurrency by adding them in payment systems like paypal where we don't even have a public address.

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Bitcoin is the best performing asset of the decade, some of the reasons why were explained on this post, and the important parts are decentralization, working product, the blockchain, not controlled by any government or person and complete freedom of transactions.

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Thanks for explaining all these my dear. I am known there are now more than 10,000 Bitcoin ATM around the world so this number given was from that time you were made the post. It is going good in all number and I am think the people are rising and understand the importance of this as I am done in 2020.

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I would prefer to have lower size on fonts as this one makes it very hard to read. Try learning how to use proper format when making posts, this is unacceptable, took me many more minutes to read than it would have otherwise.

The post describes some good points for Bitcoin and it is all known. Gives a good picture to a beginner or an outsider that can understand the surface of what it going on, but always is need to move deeper than that.

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Many of these facts were very interested and I thank you for giving them to us. I remember reading about a mistake in fees spend but I didn't remember it was this high as 81BTC. It was probably a big mistake and I would try anything to make the BTC back in my wallet.

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Good share. I'd like to give a few interesting facts too about Bitcoin as the fact that one time the mtgox exchange was hacked and price went from $10 down to exactly $0.01 as the hacker was entering one account after another and was selling the coins into USD then trying to withdraw.

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This was good information and many interested facts that I remember reading in previous years but had forgotten about them. It is always nice to read some of these events and facts. In the end you discuss cryptocurrencies and you are right, most of them come and go and we have to invest in what is promising for the long run and not just anything that suddenly pops.

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On 11/22/2019 at 10:44 PM, Slavish said:

Another unfortunate situation: a resident of the UK accidentally threw away a hard drive with a wallet, which was 7500 bitcoins. This still needs to be experienced.

Did this actually happen? Why would he do that? Was it very early perhaps and he didn't know the value? Even if this was to reach $1 it will be $7500! and now it is millions of dollars. This is terrible.

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On 11/30/2020 at 11:51 PM, Arrow01 said:

I wrote everything very easily. I think in the future, with the technological improvement of the world, just the materiality of gold may negatively affect it, why store it and spend huge money on security and, if necessary, transportation.

That is why I like bitcoin, security is not hard to achieve, only your brain and your device is needed for the security. Unlike gold which is physical and can be stolen which makes gold require more security that could cost great expense. 

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The high value of the commission in relation to the Bitcoin currency may limit its spread, but the large profits that the trader gets makes him not interested in the value of the commission, then the trader can search for a platform that takes a low value of the commission and deals with it. And there are many other solutions.

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The British central bank expects this figure to return to the target level in the near future but to increase slightly to around 2.5% in the second half of the year due to rising energy prices. Additionally, according to the May forecasts, CPI will be 1.9% in two years (Q2 2026) and 1.6% in three years (Q2 2027).   British inflation expectations for the near future have also decreased to the lowest level in almost three years, indicating a return to historically average levels. In May, the country's residents on average expected consumer prices to rise by 2.8% over the next 12 months, compared to a forecast of around 3% in February. This is stated in the results of the British central bank's quarterly survey.   Data on business activity (PMI) published in the first week of June indicated that the economy in the United Kingdom is relatively well. Activity in the manufacturing sector rose to 51.2 from 49.1 earlier. Some slowdown was shown by the PMI for the services sector – from 55.0 to 52.9, and the composite PMI – from 54.1 to 53.0. However, despite this, all these indicators remain above the 50.0 mark, separating growth from a slowdown in activity.   Certain concerns are raised by the UK labour market. Statistics published in early June showed a spike in jobless claims – by 50.4K in May after 8.4K the previous month. This is the largest monthly increase since the first COVID lockdowns. Before the pandemic, the last such spike was during the 2009 recession. Moreover, the unemployment rate for the February-April 2024 period rose to 4.4%. Of course, historically, this is a low level, but it is the highest in three years.    The next Bank of England meeting will be held on Thursday, 20 June. Analysts generally forecast that the interest rate will remain unchanged at 5.25%. This forecast is supported by the slowdown in inflation decline rates. Additionally, there is a significant increase in UK wages (+6.0%), which could push prices up. This, in turn, reduces the likelihood of the British central bank transitioning to a softer monetary policy in the near future. The start of QE may be delayed until September or later.   The BoE's tight monetary policy creates prerequisites for future demand for the pound. Meanwhile, last week, GBP/USD was driven by overseas data. On US inflation data, it broke through the upper boundary of the 1.2700-1.2800 channel and rose to 1.2860, then, following the FOMC meeting results, it fell and broke through the lower boundary, dropping to 1.2656. The week ended at 1.2686.   The median forecast of analysts for the near term is somewhat similar to the forecast for the previous pair. In this case, 50% of specialists voted for dollar strengthening, 25% for a northern trajectory, and 25% remained neutral. As for technical analysis on D1, the picture is also mixed. Trend indicators are evenly split 50:50 between red and green. Among oscillators, 60% point south (a quarter signal oversold), 20% look north, and the remaining 20% remain neutral. In case of further pair decline, support levels and zones are 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of pair growth, resistance will be encountered at 1.2760, 1.2800-1.2820, 1.2865-1.2900.   Besides the mentioned Bank of England meeting on 20 June, including its interest rate decision and subsequent press conference, it is necessary to note Wednesday, 19 June, when fresh consumer inflation (CPI) data for the UK will be released. Friday, 21 June, also promises to be interesting. On this day, retail sales volumes and preliminary business activity (PMI) indicators in various sectors of the UK's economy will be known.   USD/JPY: BoJ Changed Nothing but Promised Changes in the Future   Unlike the Bank of England, the Bank of Japan (BoJ) meeting has already taken place, and its results were announced last Friday, 14 June. The yen's weakness in recent months has negatively impacted Asian currencies. In March, the central bank made its first move – raising the rate for the first time since 2007 (since 2016, it had kept it at a negative level of -0.1%). The regulator also abandoned the targeting of 10-year government bond yields. Investors closely watched the Japanese central bank for hints on whether it would further unwind monetary stimulus.   But for now, the BoJ decided not to change its accommodative monetary policy, maintaining the current pace of bond purchases at around 6 trillion yen ($38 billion) per month. However, it promised to present a plan for their gradual reduction at the next meeting in July. "We decided to subsequently reduce the volume of our purchases [within one to two years] to ensure more free formation of long-term interest rates in financial markets," the central bank statement said. At the same time, the regulator announced that it would gather market participants' opinions before making a specific decision.   The deposit rate for commercial banks was also left unchanged – officials unanimously voted to keep it in the range of 0.0%-0.1%, as expected. From this, experts once again concluded that the BoJ would not rush to tighten its quantitative easing (QT) monetary policy.   The French bank Societe Generale believes that given the pressure from the government due to the weak yen, the most likely scenario will be a reduction in bond purchases starting in August, with their purchases decreasing every three months and reaching zero by November 2025. Additionally, according to Societe Generale economists, the BoJ may raise the discount rate in September this year.   Of course, USD/JPY could not ignore such events of the past week as the US CPI figures and the Fed meeting: its fluctuation range exceeded 240 points (155.71 at the low, 158.25 at the high). However, the five-day result was not so impressive: starting at 156.75, it ended at 157.37.   Experts' forecasts for the near term look like this: not a single vote was given for the pair's southern movement and yen strengthening, while the remaining votes were evenly split: 50% pointed north, and 50% remained neutral. As for technical analysis, all trend indicators on D1 are coloured green. The nearest support level is in the 156.80-157.05 zone, followed by 156.00-156.10, 155.45, 154.50-154.70, 153.10-153.60, 151.85-152.15, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance lies in the 157.70 area, followed by 158.25-158.60, 160.00-160.20.   No significant economic statistics releases for Japan are scheduled for the upcoming week.   CRYPTOCURRENCIES: The Present and Future of Bitcoin Depend on the USA     In the absence of independent drivers, the crypto market has recently followed the dollar, which in turn follows the Fed, which follows the macro statistics from the USA. BTC/USD is like scales, with the main cryptocurrency on one side and the US dollar on the other. The dollar became heavier – bitcoin became lighter, and vice versa. On Friday, 7 June, strong statistics on the US labour market were released – the dollar became heavier, bitcoin lighter. On Wednesday, 12 June, it turned out that inflation in the USA was decreasing – the dollar weakened, bitcoin became heavier. And in the evening, the Fed calmed the markets regarding the interest rate – and the scales swung back. Just look at the BTC/USD and Dollar Index (DXY) charts – the inverse correlation leaves no doubt. In recent days, the flagship of the crypto market has lost about 7% in price. And the reason for this is the aforementioned monetary policy of the US Fed. Enthusiasm was not added by the fact that bitcoin-ETF inflows broke a 19-day streak. On 11 June alone, industry funds lost almost $65 million. The reasons are the same. They can be supplemented by the upcoming summer holiday season – a period of correction and lull in financial markets.   Traders note that recently, "digital gold" has been trading in a narrow range between $66,000 and $72,000. One of the popular market participants considers the lower mark an ideal entry point, while entry at the upper boundary of the range, in his words, carries high risk. MN Capital founder and analyst Michael van de Poppe does not rule out that pressure from sellers will persist in the near future. In such conditions, bitcoin may correct to $65,000 and even lower. However, van de Poppe does not expect a deep price drop. According to him, a large amount of liquidity is concentrated around the $60,000 area. This suggests that this level now acts as a strong support area, and positive dynamics can be supported by geopolitical instability.   According to surveys, more than 70% of the crypto community believe that BTC is on the verge of further growth. For instance, trader Captain Faibik is confident that bitcoin is preparing to break through the "expanding wedge" technical analysis pattern. According to him, breaking its upper boundary will open the path for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer. The growth prospects of BTC are also indicated by the activity of large investors. According to industry representatives, whales are actively entering long positions on bitcoin. Cryptoquant CEO Ki Young Ju clarified that the $69,000 level has become particularly attractive for large investors.   New Binance CEO Richard Teng, who replaced Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the work of spot BTC-ETFs, which have strengthened trust in the asset. The Binance CEO also allows for the legalisation of cryptocurrency if Donald Trump is elected President of the United States. Declaring himself the "crypto president," Trump said in May that the USA should lead the global crypto industry.   However, at present, cryptocurrency regulation measures are in the stage of development and implementation, which restrains investments. According to experts, current investments should be considered test cases. It should also be noted that spot ETFs have attracted significant liquidity only in the USA – there is no similar interest in most countries.   According to billionaire Mark Cuban, the attitude towards cryptocurrencies will be a key difference between US presidential candidates Donald Trump and Joe Biden, although neither understands this issue. "Do you really think [Trump] understands anything about cryptography other than making money from selling NFTs?" Cuban asked. And he answered himself: "Neither of [the candidates] understands. But I've said many times that Biden will have to choose between [SEC Chair] Gary Gensler and crypto-voters, otherwise it could cost him the White House."  According to Bitfinex crypto exchange analysts, bitcoin's price could rise to $120,000-125,000 within a few months to half a year. Similar figures are named by BitGo crypto trust company CEO Mike Belshe. In his opinion, by the end of 2024, the first cryptocurrency will cost $125,000-135,000, and one of the catalysts will be the high level of US government debt. "Our macroeconomic climate continues to confirm the need for bitcoin. Undoubtedly, US government debt is out of control. [...] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.   He also noted that the US dollar is losing its position as the world reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a means of manipulation. "Thus, the US debt crisis is one, foreign policy and sanction control is two. And BRICS offers alternative payment systems. [...] This is the story of why bitcoin exists," he concluded.   At the time of writing this review on the evening of Friday, 14 June, BTC/USD is trading at $65,800. The total crypto market capitalisation is $2.38 trillion ($2.54 trillion a week ago). Bitcoin's capitalisation has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Pessimists say the asset is already "overheated," and to reach $125,000, its capitalisation must almost double. In their opinion, such a colossal influx during the overbought period is unlikely, so one should expect a correction and subsequent consolidation. The possibility of such an outcome is also hinted at by the Bitcoin Fear & Greed Index: over 7 days, it fell from 77 to 70 points and moved from the Extreme-Greed zone to the Greed zones. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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