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Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand. submitted by tradingnomads to btc [link] [comments]

After the halving the bitcoin inflation rate will be the same as the historical inflation rate for gold

I think this halving is seminal. Between the battle scars of the past ten years and the economic stability that comes with the low inflation rate, I will be surprised if at least one central bank does not acquire BTC as a reserve asset in the next decade.
submitted by MrNebbiolo to Bitcoin [link] [comments]

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

submitted by tradingnomads to Crypto_Currency_News [link] [comments]

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

submitted by tradingnomads to cryptocurrencynews [link] [comments]

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

submitted by tradingnomads to CryptoMarkets [link] [comments]

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin price pumps since yesterday, mainly caused by FED announcement $3 Trillion Stimulus and negative interest rates. Bitcoin heading towards historical strong $10k price level. Recent news of big investors jumping in Bitcoin just before these announcements. Did they knew this beforehand.

submitted by tradingnomads to CryptoCurrencies [link] [comments]

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter submitted by Ranzware to BitNewsLive [link] [comments]

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter submitted by ulros to fbitcoin [link] [comments]

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter - ForexTV.com

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter - ForexTV.com submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter submitted by leftok to atbitcoin [link] [comments]

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Bitcoin Hash Rate Hits 102 Quintillion in Historic Network Milestone

Bitcoin Hash Rate Hits 102 Quintillion in Historic Network Milestone


Article by Cointelegraph: William Suberg
Bitcoin’s (BTC) network hash rate has passed a record 102 quintillion hashes for the first time in history in a historic milestone for the cryptocurrency.

Bitcoin adds another zero to hash rate

As data from monitoring resource Blockchain confirmed on Sept. 18, hash rate, ultimately a function of how secure the Bitcoin network is, has reached a high of 102.8 quintillion hashes.


Bitcoin network hash rate. Source: Blockchain
The achievement follows a string of records for the metric this year, Cointelegraph reporting on various stages of its expansion over the past few months.
Hash rate refers to the amount of computing power involved in processing Bitcoin transactions. The higher the number of hashes, the more implied competition there is among miners to obtain the block reward.
Since December 2018, the hash rate has progressed from its recent low of 31 quintillion hashes per second, equating to the progress of 230%.

Bitcoin proponents eye price implications

Current growth has excited commentators, despite coming in tandem with a moderate decline in Bitcoin price.
As many noted, new upward action for hash rate tends may hint at future price growth. Hash rate began growing in January after several months of decline, with price then following in April.
Commenting on the current rate of growth, Lightning Torch organizer Hodlonaut said the figures spoke to underlying confidence among miners.
“Last readjustment period (2016 blocks, or around 2 weeks) increased 10.38%. We are about half way through the current readjustment period, and on track for another 11.85% increase,” he forecast.
Others have already given more bullish predictions. Max Keiser, a firm believer in Bitcoin’s prowess over altcoins, has frequently doubled down on his depiction of giant surges in both hash rate and price in the near future.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Bitcoin Hash Rate Hits 102 Quintillion in Historic Network Milestone

Bitcoin Hash Rate Hits 102 Quintillion in Historic Network Milestone submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First submitted by n4bb to CoinPath [link] [comments]

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First

Bitcoin Hash Rate Nearing 100,000,000 TH/s In Historic First submitted by Link0000054 to Bitcoin_2019 [link] [comments]

Infographic: SegWit was mis-sold at #ScalingBitcoin Hong Kong. It would under-perform #Bitcoin's historical real-world txn growth rate

Infographic: SegWit was mis-sold at #ScalingBitcoin Hong Kong. It would under-perform #Bitcoin's historical real-world txn growth rate submitted by Windowly to btc [link] [comments]

I wrote in 2014: "There's a huge problem with [a central bank] raising interest rates: bitcoin's historical return… https://t.co/Eh3AXEwF4J - Crypto Insider Info - Whales's

Posted at: June 22, 2018 at 07:34AM
By:
I wrote in 2014: "There's a huge problem with [a central bank] raising interest rates: bitcoin's historical return… https://t.co/Eh3AXEwF4J
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submitted by cryptotradingbot to cryptobots [link] [comments]

Is there a historical bitcoin exchange rate calculator?

I need to know what a specific amount back in September 2016 was worth in USD.
edit: Found one here: https://www.winkdex.com/calculator
submitted by shad0proxy to Bitcoin [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Greg Maxwell engaging in gaslighting and historical revisionism in censored forum where he can't be corrected.

https://np.reddit.com/Bitcoin/comments/j7gw09/btc_vs_bch/g86r3bk/
A lot of early Bitcoiners knew this and spoke clearly about it, but somehow as waves of new people came in 2013 where 99% of their experience with money was 'payments' and a lot of scammers and sociopaths started pushing for a massive rates of new adoption beyond what was reasonably possible and a lot of people lost the plot. Short of violent conquest, becoming a world reserve currency fundamentally takes time. Fortunately, most of that attention went to sketchy altcoins that have now lost 90% of their value because their ideas were flawed and the people leading those flawed efforts uh.. had issues: The free market at work I guess.
Meanwhile, a simple check of the history for the scalability FAQ on the core controlled en.bitcoin.it quickly shows this to be the outright lie it is.
https://archive.is/gfvBq
Also note the continuous presentation of a false dichotomy between store of value and medium of exchange, as payment network vs digital gold whilst completely ignoring the fact that not only are they not a contradiction, they actually rely on each other.
nullc your nonsense will not be allowed to fly without comment, and you will not be able to cover up the historical facts of the matter no matter how many times you repeat yourself in censored forums. The internet never forgets, and it's a simple fact of recorded history that you sabotaged the project.
EDIT; The fool has seen fit to respond in the original forum and also PM'd me with insults and an insistence that this was a vicious attempt to attack him absent his ability to defend himself because he is now banned on this forum. The truth does not fear investigation and so, the response in question is;
https://np.reddit.com/Bitcoin/comments/j7gw09/btc_vs_bch/g8tqgoj/
This response is not new at all, and is just as much a lie as the original comment, and I have directly refuted it before as well;
https://np.reddit.com/btc/comments/htss6k/banned_for_lying_on_rbitcoin_when_a_mod_was/fyntoze/
nullc, I repeat my original accusation; you're a lying saboteur and you have no integrity whatsoever. What you did was not an innocent mistake, you are a malevolent actor and the worst thing to have ever happened to bitcoin, period.
As for your insinuation that your out of context false quotes were almost certainly from before I ever heard of bitcoin, exactly how much are you prepared to wager that I can't present a key from 2011 to prove that this too, like everything else you say is nothing but complete fucking nonsense?
submitted by etherael to btc [link] [comments]

Download historical Bitcoin data directly into Excel Bitcoin API - Bitcoin, Crypto currency live and historical ... BITCOIN Price Movement 2009 to 2017 - YouTube bitcoin historical price action is pure art 2x speed Bitcoin Price History 2010 to 2020 Hindi

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