"It might be that the role of bitcoin in the system could be to bring value back, to hold your value there while you have tokens that have other use cases that you aren't using at the moment," Hutchins said. Btc discussion The traffic on the Bitcointalk is large and relevant, and also quite profitable. It is cheaper than advertisements on Google Ads, advertising platforms such as Facebook and Twitter, where ICO ads are banned. In order for you to attract maximum traffic in Bitcointalk, you need withdrawal and retention on the first few pages of the forum. In the case of the most popular projects, this happens naturally. A large amount of interest causes a large number of discussions on the branch, and it falls on the first pages automatically.
Second, there is a certain degree of anonymity associated with Bitcoin transactions. While not 100% anonymous, these transactions are in fact pseudonymous. This means that the public Bitcoin addresses used for transactions are not registered in the names of individuals. Bitcoin And Ethereum Rise On Arrest News Another great resource is Reddit’s r/Bitcoin subreddit. This is a very active community where you can ask questions of others, read through helpful articles and information, and get to know other newbies who are just starting with Bitcoin. There are also subgroups on Reddit dedicated to things like trading and investing, so if you’re interested in these aspects of Bitcoin, it’s worth checking out Reddit.
One of possible drivers of the Bitcoin price is its popularity. Simply put, increasing interest in the currency, connected with a simple way of actually investing in it, leads to increasing demand and thus increasing prices. To quantify the interest in the Bitcoin, we utilize Google and Wikipedia engines search queries for the word “Bitcoin”. It is obviously difficult to distinguish between various motives of internet users searching for information about the Bitcoin. How Accointing helps you track and file your taxes, from Bitcoin to DeFi to NFTs, and everything in between “I believe even as an investment it’s in a bubble,” countered Dr Yarovaya. “As an investment the true value of Bitcoin is potentially zero. It’s not gold, it has no true value. The price is higher than the true fundamental value so sooner or later the investors’ preferences regardng Bitcoin and cryptocurrency will change and the bubble will burst.
Renowned psychologist Jordan Peterson recently ignited a conversation about the potential for Bitcoin to replace traditional banking systems. The discussion emerged on September 14, following news from Australia that Macquarie Bank plans to discontinue cash, check, and phone payment services. What's Going On? If any country wants to have a more stricter regulation, it can frame a more restrictive regulation depending on the risk it sees from cryptos, the official said.