If you’re new to Bitcoin, welcome. We’re a community of people from every part of the world, from as many walks of life as you can imagine, exploring the future of money. Let’s skip the philosophy and technical jargon, and just get you started using it.
In a 1999 interview, Professor Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in economic sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, said the Internet would be a major force for reducing the role of government.
By all measures, my platform’s recent Initial Coin Offering (ICO) looks like a big success. KICKICO has raised more than $30.5 million since our ICO launched on Aug. 29. And before that, we had already launched several small campaigns to fund our 3-in-1 ICO, blockchain crowdfunding and crowdinvesting platform. Our closed round raised $140,000, and our pre-ICO generated $1.5 million (at the current rate of $2 million). During this time, we also successfully launched the first crowdfunding campaign on our platform, for the game Magisters of Magic. That raised 280 Ethereum (ETH)—a feat that could never have happened on Kickstarter.
Recently, Slovenia’s Prime Minister, Miro Cerar, touted the benefits of blockchain technology while speaking at the Digital Slovenia 2020 gathering. Cerar notably stated that the country was becoming a well-recognized player in the world, and added that his government aims to “position Slovenia as the most recognized blockchain destination In the European Union.”
Top 10 Things Bitcoin Can Do
People who are new to Bitcoin are led to believe that Bitcoin is just a currency or a store of value. This couldn’t be further from the truth. Bitcoin, as a currency, is just the beginning. It is only Bitcoin’s first “app,” like email was how the Internet was first introduced to the masses. The Internet is so much more than just email; similarly, we haven’t even scratched the surface to what Bitcoin is. Some of these features are available right now, while some are being developed for future applications as we speak. Just like the Internet didn’t have YouTubes and Facebooks back in 1994, we’ve only just begun to transition from “The Information Age” to the “The Bitcoin Age.”
Venture capitalist Fred Wilson is not a hoarder of Bitcoin. He doesn’t care about that aspect of Bitcoin, but rather he is interested in the promise of Bitcoin as programmable money.
Now, he started buying it again after staying mostly on the sidelines for most of the past two years. He thinks that the market price of Bitcoin in the short term is driven by emotion (greed vs. fear), liquidity, technical factors, and a bunch of other things. Right now, those factors are driving down the price of Bitcoin. Last year they drove it up.
Image from Cointelegraph
A bitcoin investor and podcast host has predicted that the price of bitcoin will increase to over $27,000 in four months time.
Trace Mayer, who proclaims to be an entrepreneur, investor, journalist, monetary scientist and ardent defender on his website, took to social media to make his prediction. According to him, by February 2018, bitcoin’s value will be worth $27,395.
Willy Woo, a highly regarded Bitcoin and cryptocurrency researcher, recently revealed that the number of Bitcoin users approximately doubles every 12 months.
Utilizing Google Trends as one of the main indicators of Bitcoin user growth, Woo formed the following infographic to demonstrate the exponential growth rate of the Bitcoin userbase.
Bitcoin is the first crytpocurrency, which introduced a new type of asset or currency, depending on how you look at it. At inception price of 1 BTC was not established by a market, until someone did a first purchase paying with bitcoins (famous 2 pizzas). As of today September 17, 2017 1 BTC is priced at ~$3.6K.
how much is your $1 a month savings could potentially be, if you convert it into bitcoin rather than saving it in a bank?
In the previous post we discussed why you should invest in Bitcoin as early as possible and what are the characteristics of bitcoin that make it valuable. In this post we look at potential reasons why bitcoin price might increase in the future and also what kind of investing strategy can be chosen.
Why bitcoin price might increase
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