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Krishna123

What is Bitcoin and its value in the market?

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Today all bitcoin is worth around half a trillion dollars.That's very roughly the market value of a company like Samsung or Facebook.It's about half the total value of silver and about 5% of the estimated total value of gold in the world.

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My dear mate my mind says that bitcoin is a digital cryptocurrency which have a great value in the world. I think its amount is equal to a dollar. It is very famous and useful currency now a days. Thank you.

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Bitcoin is a digital currency that can be used for profit in more than one region. There are a number of related digital currencies as well. You need some time to read more about it. I encourage you to read themes and use them to understand.

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You can't address your query in a few lines of reply, however I'm informing you that Bitcoin is the #1 cryptocurrency and the most costly digital coin as it is demanded in quite big and large amounts. There are a large number of restaurants and shops around the world dealing with Bitcoin trading on exchanges against the dollar and the Russian ruble.

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The value of market can be considered the same as the market cap but this is not the real value since it's just the price multiplied by the total supply it's better to see volume divided by order exchange on  thank you

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Greetings friends, this is an excellent question and it will be of great help in your cryptographic journey since bitcoin is the main and most used currency in the cryptographic world, Google can get a lot of information about how it started from start to finish and about the price every day goes up and down I recommend you the binance platform is one of the best wallet and coinmarketcap gives you Will give the most up-to-date bitcoin prices

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On 4/4/2020 at 4:55 PM, Krishna123 said:

Hello my dear members I am new here and want to learn more about crypto and it's digital currencies. But I hear about always Bitcoin or btc. I have no any other idea about this I make search on the Google and some pure answer get knowledge about this. Now I asked my senior to give me some features about this.

Bitcoin is the 1st digital currency to be created in 2009 and it is the only con in the market which having high demand that's why its price are risen very high, its currently support of $33000 and resistance of $40000

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Hello my dear friend welcome to this wonderful experience of cryptocurrency and trading. I think you asked a usual doubt. Bitcoin is a type of cryptocurrency. Bitcoin is the first currency in world of cryptocurrency. So it has higher prices in market. The exact value of Bitcoin is 2544306.65 INR . But it will vary according to the market.

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On 4/4/2020 at 6:55 PM, Krishna123 said:

Hello my dear members I am new here and want to learn more about crypto and it's digital currencies. But I hear about always Bitcoin or btc. I have no any other idea about this I make search on the Google and some pure answer get knowledge about this. Now I asked my senior to give me some features about this.

I don't know much about Bitcoin but I have checked their price and price is increasing but nowadays it is going downward but I think it is profitable and i am checking it price regularly because our payment is also associated with its price if price increase our profit will also increase with it.

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Hello, my friend is among us. As for Bitcoin, it is a digital currency that is one of the oldest and most valuable digital currencies, as it started at less than one dollar. Now it is equivalent to twice the price of the dollar due to the high demand for it, especially in the period of the spread of the epidemic, the decline of the economy and the suspension of work in most countries, as well as the ease with which it is invested and dealt with by people

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My dear friend you firstly need to know about cryptocurrency because bitcoin is a very powerful cryptocurrency and its value is one bitcoin is equal to around 7000dollars .

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I work by investing. We make good income by investing. We collect different tokens and sell them if prices go up. BTC is the most popular currency. BTC LTC, ETH are the ones everyone likes when they work on crypto currencies

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Bitcoin is the king of all cryptocurrency and the first crypto that is launched that's why it is the most popular crypto but it is volatile and the value of it may change every minutes and also it has high fees when you transfer from btc to btc.

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Btc is the first ever digital currency developed by SATOSHI NAKAMOTO . It's just a name and the funny thing is the no one knows that who is he. It's the father of all the digital currencies because all other digital currencies came along it and gained popularity. But btc is the most popular curruncy and yes the most valuable one. 

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Bitcoin is the most powerful cryptocurrency, and we can say that it is the focus of cryptocurrencies, and its market value means the amount of money invested during a certain period of time, the more its market value pushes its price up.

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Bitcoin is a peer to peer payment system runs on a lot of nodes which allows us to make translations around the world in little time. This currency is one of the most expensive decentralized of online currencies, And the value is made by people rely on supply and demand.

 

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Oh things one of the earliest form cryptocurrency, digital currency which cannot no longer be seen or sense.It became created in 2008 via an person or group of people underneath the call proper.

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First you have to learn about crypto currency then you will be able to understand bitcoin 

Bitcoin is digital currency and its value increases day by day and its current value is on peak or at highest value ever in history 

Everyone wants to purchase bitcoin because its value increases with the passage of time 

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 concentrate by reading other people posts in different sections of the forum. Bitcoin is the mother of all Cryptocurrency. But price is constantly moving. Anyway thanks for your post.

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If you're looking for the benefit, you should read a lot of articles and publications about cryptocurrencies and coins.

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The value of Bitcoin will exponentially rise and exponentially fall. I will not encourage you to invest in Bitcoin at this moment. but to earn from bitcoin by Investing or trading you have to be knowledgeable enough.

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In fact, Bitcoin cannot be earned anywhere for free.  Now the amount of bitcoin will reach 19 thousand dollars, but I hope that this bitcoin will increase day by day.  Bitcoin is a digital currency.Digital currency that competes with other currencies for privacy options and security, and the only thing you need to use Bitcoin is the Internet and nothing else.

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Bitcoin is computerized monetary forms or digital money. Its incentive in the market is exceptionally high Because it is the principal cash in the realm of crypto . It is the lord of all crypto.

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Bitcoin is a very good investment especially when it comes to the volatility. Bitcoin is very volatile and o advice that you out some of your investment into it and watch it grow. This is in fact the best thing to invest into this century. You need to dump gold and silver and focus on bitcoin.

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It is just that today a digital currency  is running on a world in my opinion, this paste is going on auto in the digital currency, there is no digital currency above it. These days, Bitcoin is the highest digital market value in the market and off the world, and it gets its name on the top list. 

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    • CryptoNews of the Week     – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,” Bloomberg quoted Caroline Mauron, head of Orbit Markets. Although it is difficult to pinpoint the exact source of the current selling pressure, several contributing factors can be identified. The issues in the crypto market reflect the overall instability in global financial markets and uncertainty regarding monetary and regulatory policies in several leading countries, particularly China and the USA. Moreover, in mid-June, the German government began selling a large quantity of bitcoin (approximately 50,000 BTC) that was confiscated in January. Bearish sentiments intensified following reports of imminent payments of about 140,000 BTC to creditors of the bankrupt crypto exchange Mt. Gox, which are set to begin in July. Popular trader Bob Loukas believes that in anticipation of this event, the flagship crypto asset’s prices reached their lowest level in the last eight weeks yesterday. Additionally, it became known that bitcoin miners' reserves reached a 14-year low as they were forced to sell a significant amount of coins to cover operational expenses due to the halving.   – In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, with major market participants slowing their activity in the derivatives market, further creating downward pressure. According to 10x Research, throughout the past week, US spot BTC-ETFs recorded investor outflows, with net outflows exceeding $105 million on 21st June. Earlier, Ki Young Ju, CEO of the investment company CryptoQuant, calculated that over the past two weeks, bitcoin whales and miners reduced their positions on over-the-counter platforms by $1.2 billion. 10x Research analysts believe that bitcoin will now need to find a new price range to stabilize the fall and then look for growth catalysts. In the medium term, according to 10x Research analysts, BTC is unlikely to return above $70,000.  It should be noted that according to JPMorgan analysts, the cost of bitcoin mining is $53,000. This support could become the lower boundary of the price range. However, back in March, JPMorgan did not rule out that after the April halving, bitcoin might temporarily drop to even $42,000.   – Popular analyst Matthew Hyland noted that the total balance of bitcoin on centralized exchanges has reached a multi-year low. In theory, this could be seen as a bullish signal, but the flagship of the crypto market is not yet showing upward momentum. It is expected that the publication of key US economic data in the coming week could serve as a vector for the further movement of cryptocurrencies. If macro statistics increase the likelihood of the Fed starting to ease monetary policy and the first interest rate cut as early as September, this could support risky assets, including bitcoin. Experts from Cryptology believe that the chances of bitcoin hitting an all-time high by the end of September are quite high and that the current situation is a phase of accumulation.   – Andrew Kang, co-founder of the venture company Mechanism Capital, stated that Ethereum’s price could correct by 30%, falling to $2,400 after spot ETFs for ETH are approved. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETFs will be able to attract only 15% of the funds compared to what BTC-ETFs received at launch. Kang noted that to increase Ethereum's attractiveness to investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, selling funds on new uses for Ethereum will be difficult since the asset is perceived by investors as an overvalued stock of one large tech company.   – Unlike Andrew Kang, SkyBridge Capital CEO Anthony Scaramucci believes that Ethereum's price could reach $10,000-12,000. As for bitcoin, the entrepreneur anticipates it could grow to $170,000-250,000. The main driver here will be the institutional adoption of cryptocurrency. Scaramucci called the approval of spot exchange-traded ETFs a significant regulatory barrier breakthrough for attracting new capital. According to him, this will soon result in digital gold comprising about 3% of large players’ portfolios.   – Cryptocurrency exchange Coinbase has been listed among American brands most often impersonated by scammers to deceive their victims. According to analysts at Mailsuite, from January 2020 to March 2024, the Coinbase brand was used in 416 scam schemes and phishing attacks.  Mailsuite studied 1.14 million incidents in total, in which scammers impersonated a well-known company or organisation more than 249,000 times. Among traditional firms, Facebook/Meta was the most popular American brand among scammers, mentioned in 10,457 recorded fraud cases. Next were the US Internal Revenue Service (9,762 incidents), Apple (9,110), Amazon (8,919), Steam (4,833), and Microsoft (4,518). Internationally, scammers prefer Japanese firms, with mobile operator au (18,964 cases) and railway company JR East (18,250) leading the list.   – The US Federal Bureau of Investigation has issued a warning about fake law firms promising to recover lost crypto assets from scammers or government agencies.  Scammers pose as authorised lawyers from government departments, including the FBI, and offer assistance in recovering previously lost or confiscated digital assets. The FBI recommended being wary of such service advertisements, especially when pseudo-lawyers demand advance payments and request sensitive financial information and personal data.   – Former Goldman Sachs CEO Raoul Pal predicted significant growth for bitcoin and the cryptocurrency market in Q4 2024. Speaking on the podcast "The Wolf Of All Streets," the financier noted that risky assets like bitcoin usually rally during US presidential elections. "The final quarter of an election year is a real ‘banana zone’ for all assets. It’s always like that," Pal optimistically stated, adding that the ‘banana zone’ for cryptocurrencies in the autumn is much more pronounced than, for example, for the Nasdaq index.   – MicroStrategy founder Michael Saylor is convinced of the potential for the first cryptocurrency to grow to $10 million, supported by China and other factors.  He believes that in the future, governments, especially China, will fully accept the first cryptocurrency and integrate it into state infrastructure.  Calling bitcoin a "perfect asset," the entrepreneur explained that digital gold acts as a "corporate machine" that will allow companies to "live forever." He is confident that firms investing in bitcoin can last longer than those "mired in corporate ailments of the past." "The average lifespan of a corporation is about 10 years. […] We’re talking about eliminating corporate mortality; we’re talking about easily increasing economic viability by ten, a hundred, or maybe a million times," added the MicroStrategy founder. Saylor also called all economic tools that appeared before bitcoin outdated. "Before Satoshi Nakamoto, economics was a pseudo-science. All economists before Satoshi tried to develop economic laws using shells, glass beads, bits of paper, and credit instruments," the businessman emphasized.  Recall that MicroStrategy is one of the world's largest holders of bitcoin. In June 2024 alone, it purchased 11,931 BTC.   – Founder and CEO of tech giant Dell Group Michael Dell expressed interest in bitcoin in correspondence with Michael Saylor. The situation has caused a stir in the cryptocurrency community for several reasons. Dell was among the top 10 richest people in the world in 1999 and 2000. He periodically appeared in the top 20 afterward. At the same time, the entrepreneur himself has positively commented on the digital industry. In 2021, he publicly stated that blockchain technology is highly undervalued. His company, Dell Technologies, accepted bitcoin as a payment method from 2014 to 2017. However, this option was later removed due to "low demand," as explained by the company. Now, the billionaire posted a statement on his page regarding the value of bitcoin and published another note on this topic.   – Ahead of the US presidential election, former cryptocurrency advisor Carole House has returned to work with Joe Biden’s team. "It is an honour for me to return to the Biden administration, where I hold the position of special advisor on the White House National Security Council," House wrote on her LinkedIn. In 2022, Carole House co-authored Biden’s executive order on cryptocurrencies and digital assets. Her return to the White House signals an improvement in the US president’s attitude towards cryptocurrencies.   – Matt Hougan, CIO of Bitwise, which manages cryptocurrency funds, cited three reasons why long-term investments in both bitcoin and ethereum have advantages over investments in bitcoin alone. These are: 1. portfolio diversification, 2. the ability to profit from vastly different ecosystems, and 3. economic benefits.  Given the difference in capitalization levels between bitcoin and ethereum, Matt suggests investing 75% of capital in BTC and 25% in ETH. According to the report, from May 2020 to May 2024, the return on such an investment portfolio was 3% higher annually than one in which bitcoin alone accounts for 100%.  However, Hougan acknowledges that in the short term, a portfolio consisting solely of bitcoin outperforms a diversified one. Additionally, investing solely in bitcoin carries less risk due to its higher market capitalization and features such as limited coin issuance and gradual reduction of inflation to zero. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
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