Digital Cash

Bitcoin has been growing more and more popular over the years. The image above shows how daily bitcoin transactions are indeed growing over the years. This effect is based on the cause, witch, in this case is people becoming more digital over the days. You see, bitcoin prices can be, for example, 752 USD one day and 719 USD the other. These prices are determined by how much the [bitcoin] sellers and buyers are willing to pay. A special program will average up the prices the [bitcoin] sellers and buyers are willing to pay and make it “internet-wide”. There is also another thing called the spread, [bitcoin] sellers and buyers try to make the spread as low as possible is because the bitcoin demand will be low if the spread is very high. The spread shows the difference (subtraction) between the buyers and sellers with the closest price they want to sell or buy (sorry, hard to explain, visit https://www.gdax.com/trade/BTC-USD for clarification). If you have a BitPay wallet or another type of bitcoin wallet, don’t be surprised that one day you have 15.87 USD one day and 15.37 USD the other, this is because the bitcoin price is changing.TIP: Don’t bother to check the bitcoin price daily, that way you know how much to send to your contacts or whoever you want to send bitcoins to. Go to http://www.coindesk.com/data/bitcoin-daily-transactions/ to see increases in daily bitcoin transactions.

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50 Comments

  1. Digital currency, the alternative to real cash,
    decentralized crypto currency, that can be securely stashed.
    No need for a bank, no central authority,
    worldwide currency exchanges, this means no digital minorities.

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  2. Hey, you naughty boy! Will you contact me or not???? You post about everything I love) I think there is some magic between us.

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  3. You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust

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  4. I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk.

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  5. Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.

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  6. Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.

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  7. When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant! Thanks for the article

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  8. As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.

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  9. Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.

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  10. nstant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!

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  11. he governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer. It’s going to be alternative currencies like bitcoin and it’s not actually going to be a banking system as we had before 2008.

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  12. The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world.

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  13. Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.

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  14. EVERY informed person needs to know about Bitcoin because it might be one of the world’s most important developments. THANK YOU FOR this article

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  15. f we remember, 15 years ago if you were doing anything on the Internet you were going to make millions. I think it could be the same with Bitcoin.

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