Bitcoin research

There is a lot of discussion  about the future of digital currency . Actually, it ’ s hard to predict it, but its heat will remain continually. One of the reasons that digital currencies are becoming more and more popular is blockchain technology, which is the main technology behind the digital currencies. If you have heard of a kind of cryptocurrency, it may be bitcoin. BTC  is the most famous and oldest digital currency which is still dominant in digital currency market. Therefore, if bitcoin price  increases as it did in 2017, investing it in 2018 will be a good option. The price of Bitcoin varies from day to day, and in the past few years, its prices have set new records repeatedly. As the other digital currencies involved in cryptocurrency market, such as Stellar , Ripple, NEM , bitcoin is no longer the only one prominent currency in the market. How to decide the best time of investment as Bitcoin price changes in such short time? We can find the answer ...

On 23 rd , May(Chinese time), it was showed that the price of 1 bitcoin to usd  declined to $8200, $8100, and $8,000 USD successively, slumping over $400 USD in 24 hours, even decreasing to $7986.80 USD. The economist, Robert Shiller mentioned that considering the bitcoin drop ,  the development of bitcoin is likely to fail as well-known monetary experiments in the past. Cryptocurrency may be another unsuccessful attempt at currency reform for more than a century. While Joe Davis, economist of Vanguard Group, a fund investment giant, also claimed that it is possible that Bitcoin price will return to zero. It is reported by CNBC that Schiller, who used to accurately predict the housing bubble and Internet bubble, issued a warning on the blog on Monday. He believed that Bitcoin is like some monetary experiments in history, which eventually ended with failure. Besides, Davis, a senior economist at Vanguard Group, wrote to ETF.com that Bitcoin currency  is not a ...

Bitcoin is the first distributed account book  successfully deployed through the blockchain.  Since it was established, many other projects have replicated this technology and have achieved success in a way. With the upgrades of Segwit and Lightning Network, the efficiency of the Bitcoin blockchain will greatly increase. This top one cryptocurrency is the core of emerging fintech reform, which has become the driving force of financial market reform. It was reported recently that the increase of users of Square app surpassed Venmo, the digital wallet of paypal. In Africa, Bitcoin is the core of the development of financial technology, and many remittance and payment platforms provide Bitcoin products, although Bitcoin market  have the same high volatility as the cryptocurrency market. Therefore, payments become more convenient and ease the pressure of millions people who cannot accept banking services. Bitcoin price now  is unstable. However, it showed it...

Two days after Trump announced that the United States will withdraw from the The Iranian nuclear deal, the Treasure Department of United States declared to implement a new round of sanction against Iran on 10 th , May. It is reported by Forbes  that the Iranian intend to fight against the economic blockade from America by b itcoin . Currently, 2.5 billion U.S. dollars have been transferred out of the country. Although the Iranian Central Bank issued a ban in April about cryptocurrency to prohibit banks in the country from processing Bitcoin services and promoting cryptocurrencies. However, according to Mohammad Reza Pourebrahimi, the chairman of the Iranian Economic Commission, by now, Iranian citizens have spent 2.5 billion U.S. dollars to buy btc  and transfer the money abroad. Although the action will lead to capital outflow and aggravate domestic economic crisis, Iranians may still continue to transfer funds by Bitcoin, because of the high   bitcoin value . S...

Essentially, the price fluctuation of any commodity or investment reflects the change in the market supply and demand.  Bitcoin price  is no exception. The main factor affecting its price is the buyers and sellers in the market. As bitcoin is a new concept and has not become a legal and recognized currency yet, as well as the function of the currency has not been showed fully,  bitcoin value  is controversial, and its development in future also is doubted. All the reasons above will become the important factors that affect the price fluctuations of Bitcoin. The attitudes of national governments to  Bitcoins Bitcoin price may decline when a country announces to prohibit or guard against Bitcoin and its related business activities. On the contrary, if a country, especially an influential country, enacts some policies to support bitcoin, its price may rise. The examples that Germany regarded Bitcoin as a legitimate financial banking tool and the US Federal Co...

San Francisco  Fed   released  an economic letter on 7, May,  stating the reason why   Bitcoin  price  fell after peaking at 20,000 US dollars . It may because of Bitcoin futures trading.   The letter showed that after the promotion of the futures market, it seemed that the rapid rise and decline was not coincidental, but it is consistent with the trading that introduced by futures market. The highest price of Bitcoins  coincides with the Bitcoin futures launched by the Chicago Mercantile Exchange (CME) in mid-December last year. A week ago, the Chicago Board Options Exchange (CBOE) also launched Bitcoin futures, although the trading was not so good as prediction. According to the letter, the optimistic investors believe that btc price  will go up, which is the only reason why the price of Bitcoin has soared. Sustained growth has been attracting more optimists, who increased the demand. Pessimists don't have the tools av...

In general, we acquire bitcoins  from trading platform, and we can store them directly in the address that established by the platform. Such method can guarantee your trading at any time, and you don ’ t have to worry about the loss of private key, because it is not saved by yourself. However, you must trust the safety of the platform. Historically, MT.GOX  and coincheck  have been attacked by hacker, which caused the loss of users ’  funds. Nevertheless, if you have a lot of btc  but trade rarely, you can choose the bitcoin core , which is like the management tool of private key, address and blockchain data, including PC wallet, mobile wallet, online wallet and cold wallet. The advantage of these kinds of wallet is convenient to operate, but you have to remember your account number and password. If you forget it, you lose your right to operate the bitcoin in wallet. Besides, another safer method is store bitcoin by multisig and paper wallet, which mean...

Bitcoin price today (7, May, 2018) is $9,304.39 USD, declining about 5.81% compared with the open, while bitcoin market cap  and the volume in 24 hours is$158,354,669,946 USD and $6,973,620,000 USD respectively.   (From https://citicoins.com/bitcoin/  ) Meanwhile, ethereum price  also declined today. $750.54 USD was showed on the price chart, and its market cap went down to $74,512,513,498 USD, which is not as much as last week.   (From https://citicoins.com/ethereum/   ) From the perspective of currency, bitcoin is the real money system. Its total is constant while the quantity of eth is changing. In the long run, bitcoin will deflate continuously. On the contrast, ether  will inflate as the legal tender currently. Therefore, from the perspective of cryptocurrency, bitcoin is value-added, but the value of ethereum is not necessarily.   Technologically, bitcoin is the most influential application of blockchain, which...

As the representative of digital currencies, bitcoin value  and its market cap  was unstable in recent years. Meanwhile, the argument about the currency attribute of bitcoin never stop. However, it is no doubt that bitcoin haven ’ t become a common payment option yet. On the fourth quarter of 2017, the number of the retailers who accepted btc  reached 11291, rising by 30.3% compared with the first quarter. But why dose bitcoin still be unattractive in daily retail? Here are some reasons: 1.  Price fluctuation Bitcoin price  is unstable. In 2017, bitcoin price changed between $1000 and $20000. 2.  Transaction efficiency Currently, it cost about 20 minutes to confirm each deal of bicoins  averagely. However, on January, 2018, it cost 41 hours. During the rush hour on Internet, the average transaction time of bitcoin payment is between 30 minutes and 16 hours. 3.  Transaction cost The average cost of bitcoin trading   is...

The founder and analyst of Standpoint Research, Ronnie Moas has predicted that bitcoin price  would reach $5000 in 2018 and reach $50 thousand after ten years. Recently, Ronnie Moas mentioned in the interview of CNBC that the competitor of bitcoin, ethereum may increase double this year, reaching $400. It is reported by Monas on July, 2017 that the two cryptocurrencies would maintain their stable performance, and benefit from other assets, including stock, bond, legal tender and valuable metals. “ I think investors should have a try for a few years. If you lose, you have tried at least. It seems depressing from the perspective of bystander, but what if it rise by 1000%? ” Except for bitcoin and ether , Monas also predicted that litecoin price would go up double, reaching $80. In Moas ’ s report, he showed a list about the upper limit of digital currencies and the markets. According to the list, bitcoin, ethereum, litecoin, NEM and ripple are involved in the top 20...

Bitcoin price rose to a two-month high on Thursday(American time), because the news that Goldman Sachs  is promoting the business of bitcoin trading  was released. Meanwhile, the newest report of Square  mentioned that its income gaining from bitcoin token is $34 million. Bitcoin price  fluctuated by 6.2% on Thursday, and the trading price is between $9163 and $9713. The data nowadays is 51% lower than the highest price on 18 December, 2018. Bitcoin value  has risen by 5.8% in the past week while declined by 33% since this year. However, some details of the news may prevent investors from moving on. An insider revealed that Goldman Sachs  is struggling for the long-term cryptocurrency trading, planing to start its small-scale transaction through offering a limited number of derivatives, which reminds people that many traditional financial institutions are supervised by the rules of regulators. Meanwhile, Square revealed the contribution of bitc...

It is reported by Fortune  on 2, May that the co-founder of Reddit, Alexis Ohanian predicted that ethereum price  will achieve $15000 at the end of 2018. Currently, Ohanian is working in Initialized Capital, a venture capital enterprise. He mentioned in the interview that bitcoin price  will reach $20000, while ethereum will reach $15000. “ If it doesn ’ t realize, you can call me out. ”  He added confidently. Ohanian also show his optimism about ethereum, because he thought people can establish many applications in ether . If Ohanian ’ s prediction is right, eth market cap will increase from $67 billion to $2500 billion, while bitcoin will recover to the high price as last year and btc market cap  will reach $3400. Ohanian ’ s company, Initialized Capital invested Coinbase and the capital it manages is over $250 million. He mentioned that although blockchain is promising, it takes one or two year to reach its full potential. A global financial service...

The chairman of CFTC, J. Christopher Giancarlo  thought bitcoin is similar with gold, but bitcoin  has numerous features which are different from other capitals. Giancarlo  contacts with the emerging industry with open heart, so many cryptocurrncy enthusiasts call him Cryptodad amiably. In recent interview, he mentioned that bicoin is not an ideal medium of interpersonal exchange. The features of bitcoins  prove that it is like fictitious gold more. “ You can say virtual assets are similar with gold. But it is virtual and exists digitally. A lot of people found it is the capital that worth to keep for a long time. Its features prevent it from being an deal medium of interpersonal exchange, but make investment a better choice instead. ” The market regulator claimed that it is hard to involve bitcoin in any classify of regulation. The supervision department and lawmakers have discussed that if CFTC and SEC should obtain more right to supervise cryptocurrency mar...