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Top-bitcoin-hotspots

 

Introduction

Cryptocurrencies are truly a, global phenomena. They are digital assets, which are not subject to borders and fluctuations. In other words, they retain their value in just the same manner across countries and continents. 

The value of One Bitcoin would be the same whether it was used in New York or in Addis Ababa. Can you imagine a world, where we did not have to transfer cash, by paying a hefty transaction fee? Alternatively, a world, where our assets and currency was not under government control and untaxable? Or my personal best, a world, where access and inclusion of the poorest poor in the world would be done without any complication. 

Yes, Bitcoin makes all this possible and has several other benefits. In this article, we bring you a list of some of the world's top Bitcoin hotspots. The best part about the list is that these hotspots are not located in one country or even continent. You will find them available in different parts of the world.

Top Ten Bitcoin Hotspots in the World: The List

We have compiled the list based on certain factors. All the hotspots have been arranged according to the number of merchants accepting Bitcoins in these places. We have also taken into consideration, the greatest number of Bitcoin ATMs, which are located at these locations. Lastly, we have filtered in the number of Cryptocurrency Exchanges, which are located in these places. 

We have arranged the list based on the maximum to minimum factors. For example, San Francisco has the highest number of merchants and Bitcoin ATMs than anywhere else in the world. 

  1. San Francisco

  2. Vancouver

  3. Amsterdam

  4. Ljubljana

  5. Tel Aviv

  6. Zurich

  7. Tampa

  8. Buenos Aires

  9. New York

  10. London

Why are Bitcoin Hotspots located in these locations?

One of the major reasons that the Bitcoin hotspots are located in these places is because of acceptance from government authorities. For example, the US is ambivalent when it comes to Bitcoin and other cryptocurrencies. 

They have not banned Bitcoins, neither have they made them legal tender. In comparison, Canada welcomes Bitcoin, subject to one core principle. Bitcoins or cryptocurrencies cannot be used for Money Laundering activities. 

Places such as Ljubljana in Slovenia in Eastern Europe have seen very less regulations and governmental interference. Miners too prefer these kinds of locations because of easy availability of land and cheap electricity. 

London and Zurich host some of the biggest Bitcoin Exchanges in the world. London boasts of having ‘Coinfloor', as well as having the biggest Bitcoin Meet-Up Group in the world. The membership is an astounding 2311 members. 

Other places or hotspots who have narrowly missed the list are Malta and Cyprus. Other countries where Bitcoin is very popular, but have not figured on the list are Venezuela and Zimbabwe. These countries are too unstable in economic terms. 

Is there a possibility of Bitcoin Hotspots to increase in different locations?

Up until 2017, China was one of the major Bitcoin hotspots in the world. However, the Chinese government banned Bitcoins and other cryptocurrencies in late 2017. In recent news, the Indian Supreme Court struck down a Government and Central ruling on declaring Bitcoins as illegal. 

India is expected to emerge as one of the strongest markets for Bitcoin in the world. Given the recent Supreme Court ruling, the entire Bitcoin ecosystem is closely watching the developments in India. 

Conclusion

Trading in Bitcoins and other cryptocurrencies, has given rise to making Bitcoin much more mainstream. In different parts of the world, crypto trading through bitcoin era have enabled common people to earn sizable profits. Increase in Bitcoin trading is sure to increase the number of Bitcoin hotspots in different countries and regions. 



Bitcoin-decentralized-truly

 

Introduction

As of Dec 2019, there were more than 3000 formally recognized cryptocurrencies in the world! That means that in less than a decade, over three thousand companies, individuals and crypt ecosystems have been founded. 

All of them have been competing with the first one- Bitcoin. When Satoshi Nakamoto created Bitcoin way back in October 2008, no one had expected the cryptocurrency rage to linger for a decade. However, Bitcoin continues to not only corner the market, but also dominate it comfortably with over 70% market share in the entire crypto world. 

In this article, we will look at why Bitcoin is superior to every other cryptocurrency out there in the market. In addition, we will also shed some light on Bitcoin's greatest feature- its decentralization. 

Why Bitcoin continues to dominate the Crypto ecosystem in 2020?

According to experts, the viability and value of a financial asset is determined by the amount of time it has seen. Now you might say that ten years is not a long enough time to proclaim Bitcoin a success. However, if you look at Bitcoin's competition, you will think that Bitcoin quite an old phenomenon. 

Ever since 2011, other companies and tech gurus have experimented with different cryptocurrencies of their own. IxCoin, Tenebrix and Solidcoin were some of the earliest competitors to Bitcoin. All of them came up in 2011. They hoped of taking investors away from Bitcoin. Within a few years, all of them winded up their operations. 

Two others, Litecoin and Namecoin also came up around the same time. However, Litecoin continues to enjoy some form of popularity in the asset and investor market. 

Why the absence of Satoshi Nakamoto was a boon to Bitcoin's success?

One of the major reasons why people prefer Bitcoin as compared to other cryptocurrencies is because there is no concept of ‘Premine'. Premine essentially means that a previously arranged or specific number of coins will be accrued to the Founder first and then start the networking process. 

Many investors who want to associate with the concept of a truly decentralized currency do not want to go in for premine. They do not see any value there. By disappearing Nakamoto ensured two things-

  1. Complete decentralization

  2. Avoiding extra taxes on cryptocurrencies. 

You will notice that practically all major alt coins take some kind of dev fee, maintenance fee, storage tax, etc. This literally translates into the same thing as traditional fiat currency. Why would you want to create a digital/crypto and then burden it with the same moulding of taking transaction fee?

Bitcoin did not do that. This made it a truly one-of-a-kind decentralized currency, which worked between sender and receiver. By not having a central figurehead, every concerned party in Bitcoin will have to create and manage the consensus within the system. 

Is Bitcoin's Decentralization going to fuel its success in the future?

The brief answer to this is ‘YES"! In the last few years, especially in 2019, Bitcoin has started showing signs of maturity. The investors in the Bitcoin ecosystem are also showing signs of maturity. In other words, the volatility associated with the hugely profitable bitcoin code is seeing some form of stable investments. 

According to many, this signified Bitcoin's coming of age moment. Experts state that 2020 is going to be a great year for Bitcoin. This is because the famous ‘Bitcoin Halving' is expected to happen in May 2020. The year 2029 also saw more and more investors taking their assets out of altcoins and investing them in Bitcoins. 

There is a belief that if national governments are going to engage with cryptocurrencies in the future, they are only going to have a dialogue with Bitcoins, and no other cryptocurrencies.

 


image


These are the main price predictions for Bitcoin in march 2019Bitcoin price prediction. Since the beginning of april Bitcoin lost around 60% percent of its price in three days, and its market capitalization fell below the $ 100 billion mark, triggering massive sales in the market. The coin then underwent a 10 percent recovery over a 14hour period. He was able to learn about bitcoin .


Last week, Bitcoin drop from to $ 4,800, which occurred on March. The currency regular fluctuate between the $ 4,000 to $ 5,000 levels, reaching a low of $ 2,100 and a high of $ 4,800 in that months.


On april 19, Bitcoin rose to $ 6,000 levels again, closing the day at $ 6,191.19. The next weeks, BTC tried to hit the resistance level of $ 7,000, but did not hit a high of $ 6,855.26. Over the next two days, BTC ranged from the highest values of $ 5,000 to the lowest values of $ 4,000.
The main support level of the set at the $ 5,000 area , and so far, the coin has managed to stay above it in the pastmonths. The BTC USD pair is currently in the mid of a very in long-term downtrend. This period is one of the consolidation as we can see the recovery to $ 5,000 in the past months. Bitcoin Evolution is used to know this currency rates.


Development


Bitcoin is now currently in all the financial news as it severely crashed in this months to the impact of the coronavirus outbreak, which is also affected the financial markets in all over the india.


The most anticipated daily update for the Bitcoin network will occur in april and is also known as Bitcoin having, in which the area reward will be halved. This event is expected to affect the daily price of Bitcoin as well as , but most analysts expect this to be noticeable in the every short term.


Coin price


Coinpredictor expects Bitcoin to decline by 25.6% in may which would put the coin at around $ 6127.63.
Gov capital


Gov capital estimated that Bitcoin would be trading at $ 5,765 ,032 in early may, with a peak price of $ 6,572.6543 and a minimum price of $ 4,654.6663.


Well-established economic theory make a compelling argument to support a significant price in the future.


The cryptocurrency industry is growing fastly and changing rapidly. Money, resources are coming into space in a way not seen since the early days of Internet development. That doesn't necessarily mean that it will succeed, of course, and there are still a lot of problems to be solveinig.


Where will the bitcoin price go


find an answer to anyother person and there has never been a shortage of experts who gives answer But are the bitcoin price predictions made by industry are really good or not.


A while back we reviewed some myths about bitcoin from 2013 made in 2015, and found that pretty much everyone was overly optimistic and all thing are right about the price of bitcoin (BTC). Now that we are in 2019, we have tried something difference , looking back at media articles on the bitcoin price predictions for the end of 2013 or 2015.


We show the similar results. Almost everyone was wrong, and most people were overly dramatics . The graph below shows the results, including a calculation of the predicted percentage of the price contrasted with the actual price of bitcoin (based on the price at the time of this publication, which was USD 7,050).


We have organized the predictions using a "degree of error" score, which means that predictions wrong less than twice are scored as "slightly wrong", predictions wrong in a range 2-3 times are "moderately wrong" . While wrong predictions in the range 3 to 10 times are "very wrong" and wrong predictions more than 10 times, or price predictions at $ 0 are considered "extremely wrong."


This is a question that many investors want to find an answer to, and there has never been a shortage of experts or personalities to offer suggestions.


Now that we are in 2020, we have tried something similar, looking back at media reports on bitcoin price predictions for the end of 2019 or 2020.

 


bitcoin


Bitcoin is a virtual currency that uses P2P technology to carry out exchanges of value without the intervention of any bank or central body. Transactions and the issue of new Bitcoins are entirely controlled by the network. Bitcoins are the first cryptocurrency that was invented. Historically, Bitcoin is the cryptocurrency with the highest capitalization and also the highest price per single token.


Bitcoin is now a consolidated reality and although its listing on the market is subject to fluctuations even quite large from time to time, so far this virtual currency has overcome all the obstacles it has faced. Being the most traded currency, it is also quite stable although always subject to sudden changes in value compared to FIAT currencies, or the so-called traditional currencies.


The algorithm on which the BTC blockchain is based is the SHA-256 with Proof-Of-Work. Thanks to this algorithm Bitcoin can be transacted in a completely anonymous and secure way. Bitcoin accounts are in fact maintained by a public ledger and are assigned to an address, not to a person or an entity. Excluding the option to participate in their creation (an activity that has become too expensive.


The transactions involve the transfer of Bitcoin through special software that mask the complexity of the underlying blockchain: the so-called Wallets. Each wallet maintains a private key (or seed) which is used to sign the transaction by providing proof that the BTCs come from the owner of the wallet. The signature also serves to prevent the transaction from being changed by any third party who intercepts it. All transactions can then be made public among blockchain participants who usually confirm them, every 10 minutes, through a process called mining. Wealth matrix is used to earn money from bitcoin.


The mining precisely serves to confirm a transaction and also to create new Bitcoins. Mining also allows a transaction to be confirmed in a neutral way by all the computers that are part of the network, without the possibility that the blocks that make up the transactions are changed. To do this, the blockchain uses a lottery-type mechanism, which makes it very difficult for an individual or a group to control the blocks to be included in the blockchain and therefore makes the Bitcoin network very difficult to hack. It is highly recommended, especially at the beginning, the daily reading of the official forum (bitcointalk) where you can find discussions, information and news on practically every currently existing project. All this just to have a basic smattering, which is the fundamental condition for being able to operate in this world; depending on what you want to do, then, you will have to specialize in a certain sector.


How to invest in Bitcoin?


To invest in Bitcoin there are several options, some simpler and others more complex. First of all, let's start by saying that the main difference lies in the possibility of owning the Bitcoin token, or the BTC, or investing speculating on the price trend.


To own the BTC it is necessary to register on an exchange , there are more or less famous ones among which we mention eTorox , the cryptocurrency exchange of the eToro Group , which obtained the license as a regulated supplier with license number FSC1333B from the Gibraltar Financial Services Commission , i.e. the Gibraltar Financial Market Supervisory Authority.


Alternatively, you can also buy Bitcoin on the platform of the eToro broker, which has become famous in the world thanks to social trading. To join the 10 million traders present, visit the eToro website from


To invest in Bitcoin, however, it is not necessary to own the BTC and manage it through a wallet, but just relies on eToro CFD trading. To trade on this broker you need to click on the link shown above. On the same platform you can choose whether to buy Bitcoin or invest on the price trend of the Bitcoin quote (BTC / USD).


Bitcoin exists because there is a network of people around the world who allow it to function, these people do it because this allows them to earn money by doing it not only allow the network to function but also certify its security and reliability.


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