What Is Bitcoin (BTC)? Bitcoin is a decentralized cryptocurrency originally described in a whitepaper by a person, or group of people, using the alias Satoshi cryptocoin365.de was launched soon after, in January Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to. Dec 04, · Along with the high level of activity from institutional participation, Bitcoin has appreciated remarkably. The new Bitcoin $20K section in CoinMarketCap tracks the performance of Bitcoin versus traditional finance indices and gold. As can be seen from the graph below, Bitcoin’s % return has dwarfed the performance of traditional instruments in Sep 16, · The cryptocurrency market is a confusing place at the best of times. All that complicated technology and all those names of coins that aren't Bitcoin. There's a lot to take in, but worry no more.
Bitcoin smart coinmarketcapBitcoin Could Be Latin America’s Ladder Out of COVID Chaos - CoinMarketCap Blog
Prices would rise, especially if supply was limited just as an artificial supply limit is built into the bitcoin algorithm. But since the formula is open and free, other companies quickly come out with their own cancer pills. Anybody can make a pill, and it costs only a few cents per dose.
This screenshot from coinmarketcap. Bitcoin AKA Cancer-Pills has become an investment bubble, with the complementary forces of human herd behavior, greed, fear of missing out, and a lack of understanding of past financial bubbles amplifying it. To better understand this mania, we need to look at why bitcoin was invented in the first place.
As the legend goes, in an anonymous developer published a white paper under the fake name Satoshi Nakamoto. The author was evidently a software and math person. But the paper also has some in-built ideology: the assumption that giving national governments the ability to monitor flows of money in the financial system and use it as a form of law enforcement is wrong. This financial libertarian streak is at the core of bitcoin. Government-issued currencies have value because they represent human trust and cooperation.
There is no wealth and no trade without these two things, so you might as well go all in and trust people. Bitcoin has none of these things, and even safely storing it is difficult. Bitcoin exchanges such as Mt Gox in Japan, Bitfinex and various other wallets and exchanges have been hacked. The second point is crucial. Bitcoin is only valuable if it truly becomes a critical world currency.
Right now, speculators are the only people driving up the price. A speculative cult currency like bitcoin is only valuable when you cash it out to a real currency, like the US dollar, and use it to buy something useful like a nice house or a business.
When the supply of foolish speculators dries up the value evaporates — often very quickly. A currency should also not be artificially sparse. It needs to expand with the supply of goods and services in the world, otherwise we end up with deflation and hoarding. It helps to have the Federal Reserve system and other central banks guiding the system.
Full anonymity and government evasion will not be one of its features. The data has been summarized into weekly intervals. This is what we found:. This trend has persisted since , and we believe it should continue into For many years, it has been well-known that the crypto market has been dominated by enthusiasts and hobbyists aged 34 years and below.
Beyond that, we have seen an increasing number of users from Asian countries. What are your thoughts? From everyone at CoinMarketCap, we wish you a wonderful — Happy crypto-ing! Interested in reaching our users? Find out more about the different ways you or your company can advertise on CoinMarketCap! Correction: It was previously mentioned in section 4.
Really very happy to say, your post is very interesting to read. I never stop myself to say something about it. Keep it up. Great read. Thanks for putting things into perspective. Excited to see what the year brings for crypto and payments. Bitcoin was clearly created by the NSA and banking cartel in order usher in a world currency.
Bitcoin was created just as a gateway to get people to find value from essentially digits on a screen. Milton Friedman who worked for the Rockefellers claimed in soon there was going to be a digital currency or cash.
He was a total insider. The devaluing of all world currencies at the same time in order to herd people into crypto currencies. I would really be interested to see a current update to this report or for the first quarter of if trends persist. Almost on the date this report ends was arguably the start of the recent upturn which seems quite different from the trends in this report. Most notable may have been the almost tripling of Bitcoin SV and Dash in less than a month.
Although the current trends might be short-lived, a quick appraisal of the differences between the last upturn and this one or last years trends in general would be very interesting to me, anyway.
Please give it a share to those you believe would benefit from the statistics! Not once a year when it is all over. Excuse the trivia, but years of age are not NOT baby boomers. Otherwise, thanks for the info. Some really interesting stats here! It was an excellent analysis and very acurate report. Great synopsis of the crypto markets!!! My hat is off to all those who did all the calculations!! I like this report. I think the bitcoin price will affect all the altcoins during the bull run.
Really nice repost. I like that you mentioned the most-viewed crypto asset pages. We need to work harder in steem community to make our page the most viewed in ! This site uses Akismet to reduce spam. Learn how your comment data is processed. Executive Summary has been a roller coaster ride for the entire cryptocurrency industry, to say the least.
Coming out of the bear market in Q4 , The first half of saw the rapid ascension of prices across most crypto assets. The second half saw a complete flip in sentiment, and most crypto-assets failed to hold on to YTD gains. Bitcoin consistently has the lowest volatility among the top 5 other crypto assets. We should not dismiss other crypto assets, especially the exchange tokens category that has consistently outperformed Bitcoin in , mainly led by Binance Coin BNB and Huobi Token HT.
It seemed that not many were in-the-know, however. The top 5 exchange tokens were the least-viewed compared to the top 5 in other categories like smart contract platforms and privacy coins.
See Section 3: BTC versus Other Crypto Assets by Category Plus, given our extensive reach of over millions of users and billions of page views in , we have added further insights about the crypto market based on CoinMarketCap web traffic data!
As it turned out, web traffic on CoinMarketCap had a correlation of More of Gen X is into crypto too, no longer just the millennials as we saw the proportion of users aged increase from 8.
The fourth and fifth place for most-viewed crypto asset pages changed hands quite regularly from quarter to quarter, mainly among Chainlink , Tron , Bittorrent , Litecoin and Vechain. Full Report We started off the year on the back foot, from the extreme bearish sentiment seen late in Section 1: Bitcoin versus Traditional Financial Assets While the exuberance has definitely faded away, it is important also to take stock of how cryptocurrencies have faired versus the more commonly referenced indexes and asset classes traded around the world.
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