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[BMF]

Bitcoin is the most popular and widely used cryptocurrency all over the world. It was released as an open source software in the year 2009. According to the survey in 2015, more than 5 million individuals are using bitcoins. The currency code or symbol for bitcoin is XBT. Payments using bitcoin are getting more and more popular.

How do Bitcoins work?

To understand how bitcoin transactions work, you need to know about the following terminologies.

· Bitcoin Wallet – It is similar to the bank account that can be used to store, send/receive bitcoins.

· Blockchain – It is similar to the ledger book used in accounting. But blockchain is a digital ledger that is used to record the every single bitcoin transaction made by the bitcoin users all over the world. The blockchain is the backbone of bitcoin transactions.

· Bitcoin address – It is similar to the email address of an individual. Bitcoins are sent using this address only. But the address can be used for only one transaction. An individual can have many bitcoin addresses.

· Private key – It is similar to the transaction password in net banking. A private key or signature is a small piece of text that is added to every bitcoin transaction to prevent it from corruption or unauthorized access.

· Mining – It is similar to the deposit/withdrawal process in banking. The whole process of verifying a and adding a bitcoin transaction to the blockchain is called mining.

To send money to someone, you have to send the equivalent XBT of the currency from your bitcoin wallet to the address of the receiver and the transaction gets recorded in the blockchain.

What are the pros and cons of Bitcoin?

Pros

· Anonymity: The main reason for the popularity of bitcoin is its anonymity. You don't need to have a bank account or use a real name for using bitcoins.

· Low fees: As there are low fees for receiving bitcoins, international transfers can be made with fewer transaction fees.

Cons:

· Bitcoin value varies depending on the market.

· Loss of bitcoin if the wallet or your computer gets corrupted.

· As the currency is not regulated, it cannot be used in local stores or government organizations.

 

[Yugocean]

No 30k
There were many predictions about bitcoin's price reaching 30k this month; it briefly crossed 29k and went back to its low of 27k. There are no signs of immediate growth yet, but dip to 26k is still possible.

 

[Yugocean]

BTC crossed 30k

Bitcoin value today crossed 30k, giving cheers to HODLers and traders. Value isn't dropped to 29k yet. April is giving green to crypto market, although it is still far away from its ATH.​

 

[Yugocean]

BTC DOWN

Bitcoin value has rolled down again, it is below 29.5k now. The value sea saw might drop to 28k leval, or increase too. Bitcoin and Altcoins space is famous for gamble surprice without market matters.

 

[Riberet19]

The price of Bitcoin is quite volatile in recent days where it fell from 30k to 29k rose again and today its price falls again to $ 29200 approximately, may have something to do with the forecasts in part of the business results in the US and the possible tightening of the conditions of interests rates by the FED.

 

[Yugocean]

BTC is down

In few minutes, BTC price was below 29k, now it is hanging on 28k level. This is just market volatile coming out; we all faced another loss in out crypto networth and trades. But HODLers understand this might happen.

 

[Yugocean]

BTC price drops as Binance withdrawal stops
Binance has temporarily suspended BTC withdrawals due to network congestion issues. Due to this, some decline has also been recorded in the value of BTC. At present, analysts are considering it temporary.

 

[Yugocean]

BTC value is down at 28k

After a while at 29k, the struggling value of bitcoin has dropped to the level of 28k. Analysts are uncertain as the price is being pulled down slowly. Right now BTC is striving for stability at 28k.

 

[Yugocean]

BTC reached 29k again

BTC value is back at 29k, it is not in good shape, and still need some increase to be stable on the value. Some analysis thinks value will drop and now 28k is more stable, but other analysis thinks value will increase.

 

[Flower]

Bitcoin is a decentralized digital currency that allows you to own it and make profit from it depending on the level of experience you have on how to invest in it. It is decentralized and gives you autonomous power over it.

 

[Yugocean]

Bitcoin is a decentralized digital currency that allows you to own it and make profit from it depending on the level of experience you have on how to invest in it. It is decentralized and gives you autonomous power over it.

This is told multiple times, please avoid this, and put some new information (update). Bitcoin is now more than just a simple digital attest that allows you something, it is a global firm of economy now.

 

[Yugocean]

Nice for trade
Bitcoin has been mildly volatile in price, making it a good stablecoin for day traders and providing modest profits for those who buy and sell on bear-bull moves.

(This is still not a financial advice)

 

[Medo24]

Future traders with moderate leverage of 10 to 30 are equally taking advantage of the current bull and bearish movement of the bitcoin in the last month. Crypto investment can be profitable but risky.

 

[Yugocean]

BTC 30k
In the past 24 hours the booming day trading sector witnessed $30k, BTC once again crossed it, only to fall back to its stable piece of $29k level.
Are you day trading there with BTC? Many HODLers are trying, but that is risky too.

 

[Medo24]

BTC 30k
In the past 24 hours, the booming day trading sector witnessed $30k, and BTC once again crossed it, only to fall back to its stable piece of $29k level.
Are you day trading there with BTC? Many HODLers are trying, but that is risky too.

I think the people making money from this short rise in the price of Bitcoin are spot traders trading within a less than 3% margin and futures traders within the same range. However, it is best to close the trade before weekends and watch the market.

 

[Yugocean]

Stable at $29k
BTC value is a little down from yesterday, but there is no effect since one hour. The $29k Stable effect have the affect on BTC sometimes. It is however not going to become stablecoin.

 

[Yugocean]

Still stable
The price of bitcoin is stable at $29.4k without any significant changes. The weekly change registered an increase of 1.4%. This stability is not true in day trading, but it is of little benefit in weekly trading.

 

[Yugocean]

Bitcoin is at 28k

Playing its See-Saw game, Bitcoin has once again reached the 28k level. It has happened in the past that it returns to the 29k level in a day or two. But I am not giving any guarantee; the price may increase or it may also fall.

 

[Yugocean]

BTC at 26k Level

The Wall Street Journal published an unconfirmed report claiming that Elon Musk's company Space X sold its bitcoins, further driving down the value of bitcoin, and also the market.

 

[Yugocean]

BTC down to 25k

Crypto bear hit hard, BTC price is down to 25k. HODL or SELL your choice, buy more is also your choice. WSJ report is now been abused in crypto market because this has caused market fall.

 

[Yugocean]

Back to 26k

The value of Bitcoin has been increased a bit and reached to $26k level. The market bears are not gone yet, however, bulls have started gaining a little strengeth and possibly go more.