Bitcoin news – live: El Salvador president predicts ‘gigantic price increase’ for BTC

Traders are always concerned about ‘Bitcoin volatility’. It is important to know what makes the value of this particular digital currency very volatile. Like many other things, the value of ‘Bitcoin’ also depends on the rules of supply and demand. If the demand for ‘Bitcoin’ increases, then the price will also increase. On the contrary, reducing the demand for ‘Bitcoin’ will lead to a decrease in demand. In simple words, we can say that the price is determined by the amount that the trading market has agreed to pay. If a large number of people want to buy ‘Bitcoin’s, then the price will go up. If more people want to sell ‘Bitcoin’s, then the price will drop.

It is worth knowing that the value of ‘Bitcoin’ can be variable compared to more established commodities and currencies. This fact can be attributed to its relatively small market size, which means that a smaller amount of money can significantly change the price of ‘Bitcoin’. This inconsistency will naturally diminish over time as the currency evolves and market size grows.

After being teased at the end of 2016, ‘Bitcoin’ reached a new record high in the first week of this year. There may be several factors that cause the instability of ‘Bitcoin’. Some of them are discussed here.

Bad printing factor

Users of ‘Bitcoin’ are mostly intimidated by various news, including statements by government officials and geopolitical events that ‘Bitcoin’ can be regulated. This means that the adoption rate of ‘Bitcoin’ is hampered by negative or bad reports in the press. Various bad news has caused fear among investors and banned them from investing in this digital currency. An example of the bad news is the eminent use of ‘Bitcoin’ in processing drug transactions via Silk Road which ended with the FBI stopping the market in October 2013. This type of story caused panic among people and caused ‘Bitcoin’ value to decrease significantly. On the other hand, veterans in the trading industry saw such negative incidents as proof that the ‘Bitcoin’ industry is maturing. That is how ‘Bitcoin’ started to gain its value soon after the effect of bad printing disappeared.

Fluctuations in perceived value

Another big reason for the value of ‘Bitcoin’ to become variable is the fluctuation of the perceived value of ‘Bitcoin’. You may know that this digital currency has properties similar to gold. This is driven by the design decision of the creators of the basic technology to limit its production to a static amount, 21 million BTC. Due to this factor, investors can allocate more or less funds to ‘Bitcoin’.

Security breach news

Various news agencies and digital media play an important role in building a negative or positive public concept. If you see that something is being advertised favorably, you will probably go for it without paying much attention to the negative sides. There was news of a ‘Bitcoin’ security breach and this really made investors think twice before investing their hard earned money in ‘Bitcoin’ trading. They become too susceptible to choosing any specific ‘Bitcoin’ investment platform. ‘Bitcoin’ can become changeable when the ‘Bitcoin’ community discovers a vulnerability to security in an effort to create a great open source response in the form of security fixes. Such security issues give rise to several open source software such as Linux. It is therefore advisable for ‘Bitcoin’ developers to expose security vulnerabilities to the general public in order to make powerful solutions.

The latest ‘OpenSSL’ vulnerabilities attacked by ‘Heartbleed’ by mistake and reported by Neel Mehta (a member of Google’s security team) on April 1, 2014, appear to have had a declining effect on the value of ‘Bitcoin’. According to some reports, the value of ‘Bitcoin’ fell to 10% next month against the US dollar.

Small value option for owners of large ‘Bitcoin’ proportions

The variability of ‘Bitcoin’ also depends on the fact that the owners of ‘Bitcoin’ have large shares of this digital currency. It is not clear for ‘Bitcoin’ investors (with a current stake of over $ 10 million) to address a position that is expanding into a fiat position without serious market shifts. Thus, ‘Bitcoin’ has not touched on mass market adoption rates that would be important to give value to the option to large ‘Bitcoin’ owners.

The effects of Mt Gox

The recent major damage to ‘Mt Gox’ is another big reason for the volatility of ‘Bitcoin’. All these losses and the resulting news of large losses had a double effect on instability. You may not have known that this reduced the overall rate of ‘Bitcoin’ by almost 5%. This has also created a potential increase in the residual value of ‘Bitcoin’ due to increased scarcity. However, the replacement of this lift was a negative outcome of the series of news that followed. In particular, many other ‘Bitcoin’ applicants saw a major failure at Mt Gox as an optimistic thing for the long-term prospects of ‘Bitcoin’.

Bitcoin is a cyber currency that has attracted a lot of media attention in the last few years and continues to do so. Bitcoin was set up by an anonymous group or individual in 2009, who used the pseudonym Satoshi Nakamoto, after whom even the smallest unit of Bitcoin currency is named. It is the first and probably the most famous cryptocurrency. Originally interesting only to the internet elite, Bitcoin has gained wider appeal in recent years and in itself commands respect in foreign currency.

How does Bitcoin work?

The finer details of how Bitcoin works can be difficult to understand, as it is not under central control as a conventional currency, but instead each transaction is jointly approved by a user network. There are no coins and banknotes, no levers kept in the vault, but the stock of bitcoin is limited, it will stop at 21 million. Every 10 minutes Bitcoin “miners” find 25 Bitcoins, and every 4 years the number of released Bitcoins will be halved until the limit is reached. This means that there will be no more Bitcoin releases after 2140.

Why do I need Bitcoin news?

The price has been very volatile throughout history, with significant peaks and troughs at intervals. Recently, the price of Bitcoin has jumped more than 10 times in just two months. In 2013, several Bitcoin millionaires were made overnight when the value of their Bitcoin wallets increased dramatically. If you already have some bitcoins in your digital wallet, or are thinking about immersing your toe in water, then you should really be up to date with bitcoin news. Bitcoin trading is an increasingly popular alternative or addition to conventional foreign exchange trading, and support is growing as more brokers take action.

Despite the gradual decline in the Bitcoin discovery rate, interest in Bitcoin news continues. There is a real and constant demand for up to a minute reliable information about its value. Bitcoin has recently received strong support from PayPal, which will surely strengthen confidence in its credibility as a reliable alternative to conventional bank cards or cash transactions online and on the main street. This could reassure Bitcoin critics, who say the system used to approve or validate transactions, called Blockchain, is insecure and vulnerable to hacker attacks.

Although ‘bitcoin’ is a very common term, there are few who really know what it is. Although it is a trading system, it differs most from the others for two main reasons. First, it involves a form of digital currency that can be easily transferred. What makes it more unique, however, is the fact that it does not include banks or other official financial institutions. It is just a peer-to-peer system that is independent and irresponsible. Here are some of the most recent bitcoin news:

Anonymity – If you want to make simple transactions without using your personal identity and bank account information, bitcoins allow you to do so. All transactions carried out are anonymous, unless you choose otherwise, and cannot be tracked to you. An address is created for each transaction that is unique and will never be repeated.

Recipient Privileges – Unlike most other forms of trading, bitcoins are non-refundable and you cannot cancel a payment once you submit it. If you need to cancel the transaction, you will need the consent of the recipient. Also, transactions are completed in about 10 minutes, unlike other financial transactions that are processed almost immediately.

Buying luxury items – One of the main reasons why bitcoins have become popular was the fact that they are ideal for buying foreign luxury items. These are the ones that the governments of these countries tax highly, and the final cost becomes very high. Since bitcoins do not involve any government institution, there are no taxes you have to pay. This, along with the already minimal transaction costs, makes them ideal for buying items from foreign countries.

Mobile wallet – Among the most popular bitcoin news was the fact that in addition to the computer version, a mobile version was introduced. This means that you can install the application on your smartphone and manage your bitcoins through it. It also makes it easy to exchange your dollar coins at any time.

Limited Acceptance – Despite the increasing use of bitcoins, you need to make sure they are accepted in the store where you want to use them. There are still a few places that do not accept them as a valid, usable form of currency. However, this is expected to change soon, and digital currency will become increasingly popular.