How Can I Buy Bitcoin? Bitcoin charts value Does Bitcoin Mining Work? How Do Bitcoin Transactions Work? How Can I Sell Bitcoin?
How Does Blockchain Technology Work? What Can a Blockchain Do? What is a Distributed Ledger? How Do I Use Ethereum? What is a Decentralized Application? How Do Smart Contracts Work? 2,800 mark in recent days.
15,000 levels in the next 24 hours. The cryptocurrency exchange has resumed services after a scheduled maintenance that was supposed to take two hours but instead took two days. Blockchain-based startups, many of which are using their own crypto tokens, are taking aim at the centralized monopolies on the web today. South Korea’s citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move. Upside Break on the Way? Privacy-focused cryptocurrency zcash is solidly bid against the dollar and could soon see a spike against bitcoin.
14,000 and could be in for a phase of rangebound trading as the markets come to terms with regulatory noises from South Korea. South Korea’s Presidential Office said today that a plan to ban trading cryptocurrencies via exchanges in the nation is still not set in stone. Despite the two-way action on the price of bitcoin over the last 24 hours, the bears still appear to have the upper hand. New reports suggest that the South Korean government is intensifying its moves against the country’s bitcoin exchanges. Who should be most fearful after the SEC’s DAO token sale ruling? Request forbidden by administrative rules. Why Bitcoin Has Value – Nasdaq.
Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! We all have what feels like an intrinsic understanding of value, though it is actually learned as we come to know our world. A gold bar has value, an empty soda can, not so much. When we encounter new things it’s usually fairly easy to assess what kind of value they might hold, but Bitcoin is a different beast. Bitcoin is harder to define and understand, and for many beginning Bitcoiners the question of value is one of the most puzzling.
So why does Bitcoin have value? To begin, we really need to understand why anything has value. Fans of post-apocalyptic fiction will often point out that in the end, the only things of real value are those that sustain and defend life. Perhaps they’re right on one level, but with the rise of civilized societies things got a bit more complex, because the things that sustain and defend those societies also gain a certain degree of value. It is in this context that all monies, Bitcoin included, gain their value. Since our societies rely heavily on trade and commerce, anything that facilitates the exchange of goods and services has some degree of value. Imagine, for example, a pre-money marketplace where the barter system is king.
Perhaps you’re a fisherman coming to market with the day’s catch and you’re looking to go home with some eggs. Unfortunately for you, the chicken farmer has no use for fish at the moment, so you need to arrange a complex series of exchanges to end up with something the egg seller actually wants. You’ll probably lose a percentage of your fish’s value with each trade, and you also must know the exchange rate of everything with respect to everything else. This is where money saves the day. By agreeing on one intermediate commodity, say, silver coins, two is the maximum number of exchanges anyone has to make.