#1 Simple Bitcoin Price History Chart (Since 2009)

Coinflow: a different kind of collaboration

[link]

"History reminder two years ago Bcash BCH was worth ~20% of Bitcoin BTC, now it's not even worth 3%" [-10]

submitted by NegativeWithGoldBot to NegativeWithGold [link] [comments]

Remember /u/singularity87's post regarding the strange history of Bitcoin? Worth re-reading in light of the present astroturfing.

https://www.reddit.com/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/?st=jlll8ysk&sh=32017eb3
Pertinent quote:
Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
Does singularity87's post remind you of anything going on today?
submitted by ugtarmas to btc [link] [comments]

For the first time in Bitcoin's history, it is worth $1 for each day it existed!

For the first time in Bitcoin's history, it is worth $1 for each day it existed! submitted by SamWouters to Bitcoin [link] [comments]

If you study monetary history and look at the process of monetization it is always volatile. Bitcoin can be worth a "Lambo" one year and a high end bicycle the next during its moneization stage. Once it takes over the world economy price volatility will decrease and prices will then change with mark

If you study monetary history and look at the process of monetization it is always volatile. Bitcoin can be worth a submitted by Johannklabauter to Buttcoin [link] [comments]

If history repeats, Bitcoin will be worth $200,000 in about two years

If history repeats, Bitcoin will be worth $200,000 in about two years submitted by smilika to CryptoCurrencyTrading [link] [comments]

Over 6.5 million USD worth of Bitcoin, IOTA, and Stellar Lumens seized in largest psychedelic drug raid in European history

Over 6.5 million USD worth of Bitcoin, IOTA, and Stellar Lumens seized in largest psychedelic drug raid in European history submitted by MagniGames to CryptoCurrency [link] [comments]

History Of Bitcoin's Worth

History Of Bitcoin's Worth submitted by Bluecoregamming to Bitcoin [link] [comments]

If someone tipped me bitcoins or dogecoins several years ago through Reddit comments, are they still valid to claim or expired? If valid, would dogecoins be worth digging through my history to find?

Remember when people used Reddit comments to donate cryptocurrency? Like, several years ago, it was like more common than gilded comments are today.
I feel like I remember someone tipping me some bitcoins and/or dogecoins, but I thought the process to claim them would be too confusing, so I never bothered.
Now I'm wondering, "shit, are those still valid? Might be worth something, even if it was only a little bit."
submitted by Seakawn to NoStupidQuestions [link] [comments]

12-14 09:13 - 'Smart people: "I don't see how this is worth $20,000" / Bitcoiners: "ahahaha Boomer! You missed out on the greatest revolution in history!" / (Bitcoin: crashes from $20k to $2k) / Bitcoiners: "Why is this happening to such a...' by /u/HugeDrop2k removed from /r/Bitcoin within 50-60min

'''
Smart people: "I don't see how this is worth $20,000"
Bitcoiners: "ahahaha Boomer! You missed out on the greatest revolution in history!"
(Bitcoin: crashes from $20k to $2k)
Bitcoiners: "Why is this happening to such a humble people like us?"
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: HugeDrop2k
submitted by removalbot to removalbot [link] [comments]

What if you had all the benefits of Bitcoin with the **price stability** of gold? It now exists and it’s called bitGOLD. Skeptical? I'll give you $1 worth of gold which at current Kitco spot rate is 0.000827 oz. Come make history with us!

Hello /CryptoCurrency,
I’m here to explain what bitGOLD is and why you should pay attention to it.
BitGOLD is exactly like Bitcoin (you hold the private keys) only it’s pegged to the value of real gold. 1 ounce of bitGOLD will always equal the value of 1 ounce of real gold. That means if real gold goes up in value, so does bitGOLD (and vice versa). Think of it as a cryptographic derivative pegged to the value of a real world asset. There is also bitUSD, bitEUR and bitBTC (theoretically any real world asset can be used in this way, even silver, oil and McDonalds big macs - as long as it has a price and is quantifiable).
The main issue with Bitcoin in terms of mainstream adoption has always been its volatility. It goes up and down in value so much it’s impossible to use as a currency. The ideal solution would be to have the best of both worlds: a crypto that you hold the private keys to but is also pegged to the value of either precious metals like gold or a fiat currency like USD.
PLEASE DO NOT DISMISS THIS IDEA JUST BECAUSE YOU MAY CURRENTLY HOLD BITCOIN
For the remainder of this day I will be handing out $1 worth of bitGOLD to all interested redditors (no sock puppets please, I'll know).
This is what you need to do:
STEP #1: Click here to download the Bitshares client.
STEP #2: Locate your public key here and copy and paste it as a reply to >this thread.
When you do this I will reply with further instructions.
Please keep in mind the BitShares software is still in BETA so bear with these complicated steps. They will be phased out very soon.
I truly believe this is the next step in the future of peer-to-peer money and would be more than happy to answer any questions you may have. I understand many of you will be (rightfully) skeptical of this new technology. I am prepared to answer any question, no matter how hard you think it is.
For more technical details on how market pegged assets work, please go to wiki.bitshares.org (an official whitepaper is coming soon).
If you are a member of the press please contact [email protected] for direct communication with our marketing division.
Here’s the technical TL;DR for those interested: (this uses bitUSD as an example, not bitGOLD)
BitShares is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. BitShares has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares special is that it also implements a business model similar to existing banks or brokerages.
BitShares can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares uses BTS as collateral. Short orders are forced to cover when 66% of their collateral is required to cover, leaving the short with 33% of the collateral minus a 5% fee.
The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTS. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss.
BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTS otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares all short positions (those borrowing BitUSD) must start out with enough BTS as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin.
In the rare event that the value of BTS falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
submitted by MeTHoDx to CryptoCurrency [link] [comments]

History!! First coin (outside of bitcoin) to be worth more than litecoin.

History!! First coin (outside of bitcoin) to be worth more than litecoin. submitted by C1aranMurray to ethtrader [link] [comments]

194,993 BTC transaction worth $1.26 Billion - Largest transactions in Bitcoin's history

194,993 BTC transaction worth $1.26 Billion - Largest transactions in Bitcoin's history submitted by asso to Bitcoin [link] [comments]

Remember /u/singularity87's post regarding the strange history of Bitcoin? Worth re-reading in light of the present astroturfing. /r/btc

Remember singularity87's post regarding the strange history of Bitcoin? Worth re-reading in light of the present astroturfing. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

To all you guys that are saying that a bitcoin is worth more than an ounce of gold for the first time in its history.

To all you guys that are saying that a bitcoin is worth more than an ounce of gold for the first time in its history. submitted by moonbux to Bitcoin [link] [comments]

[Question] Found old wallet from 2013. For some reason it shows thousands of bitcoins worth of deposits in the transaction history. After syncing with blockchain it shows a zero balance. What is going on here? There should be at least something there.

So I found an old wallet that I was depositing my bitcoins in from mining. As I remember it, it wasn't very much bitcoin but there was still a positive balance on it. However, the transaction history shows deposits of bitcoin totaling to something ridiculous like $60 million USD worth of bitcoin
Loaded it into QT (where it was originally stored) and after a very lengthy sync I'm seeing a zero balance, despite the ridiciulous transaction history and despite it having a positive balance in the past.
I initiated a rescan and still nothing.
Questions:
1) why are those transactions there and why are they so crazy high?
2) where did my bitcoin that i had go?
3) do wallet.dat files get corrupted sometimes and do stuff like this?
Thanks guys.
submitted by BigFartMan69 to BitcoinBeginners [link] [comments]

@dealbook: It has been more than four months since thieves pulled off the biggest heist in the history of Iceland — roughly $2 million worth of Bitcoin-mining computers were stolen. Here's the latest: https://t.co/F0ik6YVCtv

@dealbook: It has been more than four months since thieves pulled off the biggest heist in the history of Iceland — roughly $2 million worth of Bitcoin-mining computers were stolen. Here's the latest: https://t.co/F0ik6YVCtv submitted by -en- to newsbotbot [link] [comments]

Since they're calling for r/btc to be banned...

Maybe it's time to discuss bitcoin's history again. Credit to u/singularity87 for the original post over 3 years ago.

People should get the full story of bitcoin because it is probably one of the strangest of all reddit subs.
bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.
For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.
Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.
Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.
Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.
A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.
Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.
After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.
While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).
As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.
To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.
Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.
The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
submitted by CuriousTitmouse to btc [link] [comments]

What if you had all the benefits of Bitcoin with the **price stability** of gold? It now exists and it’s called bitGOLD. Skeptical? I'll give you $1 worth of gold which at current Kitco spot rate is 0.000827 oz. Come make history with us!

Hello /Libertarian,
I'm here to explain what bitGOLD is and why you should pay attention to it.
BitGOLD is exactly like Bitcoin (you hold the private keys) only it’s pegged to the value of real gold. 1 ounce of bitGOLD will always equal the value of 1 ounce of real gold. That means if real gold goes up in value, so does bitGOLD (and vice versa). Think of it as a cryptographic derivative pegged to the value of a real world asset. There is also bitUSD, bitEUR and bitBTC (theoretically any real world asset can be used in this way, even silver, oil and McDonalds big macs - as long as it has a price and is quantifiable).
The main issue with Bitcoin in terms of mainstream adoption has always been its volatility. It goes up and down in value so much it’s impossible to use as a currency. The ideal solution would be to have the best of both worlds: a crypto that you hold the private keys to but is also pegged to the value of either precious metals like gold or a fiat currency like USD.
PLEASE DO NOT DISMISS THIS IDEA JUST BECAUSE YOU MAY CURRENTLY HOLD BITCOIN
For the remainder of this day I will be handing out $1 worth of bitGOLD to all interested redditors (no sock puppets please, I'll know).
This is what you need to do:
STEP #1: Click here to download the Bitshares client.
STEP #2: Locate your public key here and copy and paste it as a reply to this thread.
When you do this I will reply with further instructions.
Please keep in mind the BitShares software is still in BETA so bear with these complicated steps. They will be phased out very soon.
I truly believe this is the next step in the future of peer-to-peer money and would be more than happy to answer any questions you may have. I understand many of you will be (rightfully) skeptical of this new technology. I am prepared to answer any question, no matter how hard you think it is.
For more technical details on how market pegged assets work, please go to wiki.bitshares.org (an official whitepaper is coming soon).
If you are a member of the press please contact [email protected] for direct communication with our marketing division.
Here’s the technical TL;DR for those interested: (this uses bitUSD as an example, not bitGOLD)
BitShares is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. BitShares has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares special is that it also implements a business model similar to existing banks or brokerages.
BitShares can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares uses BTS as collateral. Short orders are forced to cover when 66% of their collateral is required to cover, leaving the short with 33% of the collateral minus a 5% fee.
The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTS. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss.
BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTS otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares all short positions (those borrowing BitUSD) must start out with enough BTS as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin.
In the rare event that the value of BTS falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
submitted by MeTHoDx to Libertarian [link] [comments]

01-30 09:33 - '[quote] [quote] Dimwit, that doesnt matter. Spoofy bought $112 million USD worth last time. This time, we're on $2.2 billion. / [quote] Evidence? I have not FUDDed anything. In fact, if you look back in my post history...' by /u/DrDerpinheimer removed from /r/Bitcoin within 232-242min

'''
That was 5 years ago, you mathematically-illiterate dipshit. What was the volume of BTC then? About 1/20th of what it is now. What, you don't think that had some relevance in the relative ease of being able to manipulate BTC's price??
You may resume worshipping Bitfinex'ed now... :D
Dimwit, that doesnt matter. Spoofy bought $112 million USD worth last time. This time, we're on $2.2 billion.
That's all you have been doing, while FUD'ding that is.
Evidence? I have not FUDDed anything. In fact, if you look back in my post history, you'll see I have defended Tether from FUDders. That would be too hard for someone who jumps to conclusions like yourself to do, though, it seems.
If you'd truly done any research, you'd know that this whole Tether thing is nothing but FUD when it comes to how it affects BTC. But since you're clearly obtuse, deluded and full of shit, you didn't, and you don't. You'd rather churn shit out here on Reddit rather than even understand the subject you're talking about.
Yep, the potential for $2.2 billion in fake money would have absolutely no affect on Bitcoin.
Burden of proof is on the person making the claims, not the other way around. You don't get to say "prove Tether isn't a fraud", and then claim that you're not making any claims. Doesn't work that way. You replied to my comment saying that this issue "isn't FUD", and now you can't even deny that you have no proof of any of that.
Again, dimwit cunt, I never said it was a fraud. I'm only discussing its potential. In addition, I never claimed the burden of proof was on you - you're making straw men up repeatedly.
So yeah, just shut the fuck up. You're just all bent out of shape with me because you got called out on your horseshit.
Sorry you were dropped on your head, again.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: DrDerpinheimer
submitted by removalbot to removalbot [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Cover of FORBES magazine in Buenos Aires Argentina... biggest bubble in history?... and also... each unit will be worth one million dollars /r/Bitcoin

Cover of FORBES magazine in Buenos Aires Argentina... biggest bubble in history?... and also... each unit will be worth one million dollars /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] I just bought my first 200 bucks worth. I'm ecstatic to be a part of history either way this goes...

The following post by SpunkBunkers is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7gafc8
The original post's content was as follows:
https://www.reddit.com/Bitcoin/comments/7gafc8/i_just_bought_my_first_200_bucks_worth_im/
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Faucet: Extrabtc - 4 satoshis every 0 minutes (Faucetpay) Bitcoin Faucet: Silver Moon BTC - 5 to 50 satoshis every 15 minutes (Faucetpay) This man threw away $6 million worth of Bitcoins - BBC NEWS Scammed / 4 Bitcoin Worth $17,000 Lost Evolution of Bitcoin - Full Documentary 2017 [HD] #Advexon

How much was bitcoin worth in 2009? The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's. This was the only major security flaw found and exploited in bitcoin's history. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. How Much is Bitcoin Worth Today? Bitcoin is currently worth $ as of the time you loaded this page. How Much was 1 Bitcoin Worth in 2009? Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence! How Much was 1 Bitcoin Worth in 2010? Is It Worth Investing in Bitcoin? What is the minimum amount of Bitcoin I can Buy? Are there Bitcoin Investment Plans? Use tools like our Bitcoin price chart to analyze charts and understand Bitcoin’s price history. Bitcoin is global, and therefore less affected by any single country’s financial situation or stability, good or bad. Bitcoin price and market cap (log scale) through November 2019. Early Trading: Bitcoin History . Bitcoin really started to take off in 2013. The digital currency began the year trading at around

[index] [1755] [25708] [6889] [28995] [5504] [24011] [17308] [4568] [11557] [24874]

Bitcoin Faucet: Extrabtc - 4 satoshis every 0 minutes (Faucetpay)

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. Bitcoin Pizza: The history of the first pizza paid with Bitcoin equaling $100 million in 2019 - Duration: 2:56. Action News Jax (CBS47 & FOX30) 10,985 views 2:56 Bitcoin Price History in Dollars From 2012 to 2017 (Monthly) - Duration: 2:01. Paddingtonyt 1,883 views. 2:01. 100 Year History Of Silver Prices Proves Its Worth! - Duration: 13:23. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other ... Scammed / 4 Bitcoin Worth $17,000 Lost WORRR. Loading... Unsubscribe from WORRR? ... HISTORY OF IDEAS - Capitalism - Duration: 11:46. The School of Life Recommended for you.

Flag Counter