Sentences with phrase «value than bitcoin»

I'm not saying Bitcoin will never be superseded by another cryptocurrency as Bitcoin does indeed have limitations regarding its use of a transactional system like Visa for instance, but in order for another cryptocurrency to gain more dollar value than Bitcoin, it would need to have a bigger network effect, meaning more users and plus the same amount of trust or confidence which Bitcoin has built up since January 2009.

He went on to say that the US dollar is a great example of a sovereign currency which has no more intrinsic value than bitcoin.

The latest to weigh in on this question is Goldman Sachs (GS) which, in a research note entitled «Fear and Wealth», has concluded that gold is a better store of value than bitcoin.

Litecoin is an equal or better store of value than Bitcoin.

Not exact matches

Still, there's an ironic punch line to the case: Because the stolen Bitcoins were sold right away, allegedly by Vinnik and long before Mt. Gox disclosed the hack, victims lost much more, in dollar value, than the hackers ever made — which, according to Chainalysis, was only about $ 20 million.

Although the price of Bitcoin has lost more than half of its value since peaking in December at nearly $ 20,000, the cryptocurrency has still made many investors wealthy.

The volatility of bitcoin has made it more useful as a vehicle for speculation than as a currency, say critics — when the value can change drastically from hour to hour, it introduces undesirable risk for sellers and buyers alike.

MetaStable's portfolio more than doubled in value in May alone, according to a source close to the fund; on June 23, after a Bitcoin and Ethereum price crash, the hedge fund reported total assets of $ 69 million in a regulatory filing.

Bitcoin's awareness and adoption grew by leaps and bounds this year, but its value did the opposite, plummeting by more than 56 percent.

The news came as bitcoin has more than halved in value from an all - time high above $ 19,000 hit in mid-December.

According to the bulls, the influx of smart money could eclipse all the wealth currently invested in Bitcoin — theoretically more than doubling the market value in one fell swoop.

When Bitcoin's value reached more than $ 11,000 in early December, the twins were declared the first Bitcoin billionaires.

Cryptocurrencies» extreme volatility dissuades many people from using them to pay for things, and vendors from allowing payments in Bitcoin — it's too hard to accurately price things in Bitcoin, and when the value is rising there's more to gain from hoarding Bitcoins than from spending them.

According to BitInfoCharts, the average Bitcoin transaction fee has grown to $ 26 — keeping in mind that transactions can be lower than the value of a Bitcoin (allowing consumers to move say $ 1 worth of Bitcoin).

Some believe bitcoin's value will reach at least $ 1 trillion in less than a decade.

The value of Bitcoin spiked along with the currency's hype — rocketing from less than $ 1 in 2011 to nearly $ 1,000 in 2013.

At that level, Bitcoin's total market value is now more than $ 100 billion, easily exceeding the market cap of Goldman Sachs (gs).

Bitcoin has more than doubled in value this year, while the market value of all digital currencies has more than quadrupled this year, hovering around $ 80 billion, according to CoinMarketCap.

Bitcoin was seen trading below a psychologically key mark of $ 13,000 Friday, shaving $ 3,000 from its value in less than 12 hours.

The value of Bitcoin soared last year, trading for more than C$ 20,000 per Bitcoin.

Bitcoin prices recovered above $ 7,000 to start the second quarter Monday, following a week where the cryptocurrency shed more than 25 percent of its value.

This summer, waves of media coverage pushed up the currency's value from the original US$ 1 per Bitcoin to more than $ 30.

The limited supply of bitcoins — there will never be more than 21 million in existence — means that demand alone will determine its value.

«Woz» earlier said at a Money 20/20 event in Las Vegas he «admired» bitcoin from the outset and considers it a potentially better store of value than gold or the US dollar.

Bitcoin has appreciated rapidly over the past year; as of Monday, the value has increased more than 50-fold from $ 11.00 in mid-November 2012.

Bitcoin topped $ 4,000 Wednesday, up more than four times in value this year.

Proponents of ether, the second most commonly used digital currency, respond that the etherium blockchain does far more than let Bitcoin users send value from one person to another.

Virtual currency that can be monetized, resold, or converted to physical or digital products and services or otherwise exit the virtual world (e.g., Bitcoin); sale of stored value or credits maintained, accepted and issued by anyone other than the seller

Two years ago, one bitcoin was valued at less than $ 10.

But the two solutions imply two fundamentally different visions of what bitcoin — a system that currently has a higher market value than Credit Suisse — should be.

If you're a true believer in bitcoin, then you should definitely buy it now and you wouldn't regret if it dropped 50 % in USD terms because the value proposition for you is far more than what it's worth in dollars in the short term.

Between January and November 2013, the value of Bitcoin shot up from less than $ 15 to nearly $ 1,000, according to CoinDesk's Bitcoin price index, which aggregates pricing data from some of the largest digital - currency exchanges.

Ripple, which was briefly second in value after Bitcoin, has lost more than two - thirds of its value from the high it hit early this month.

The flagship cryptocurrency Bitcoin exploded in value last year from less than $ 1,000 at the start of the year to nearly $ 20,000 by mid-December.

The value of bitcoin was down more than 7 % at the start of Monday trading, according to Coinbase, a U.S. exchange that supports more than 13 million accounts.

Bitcoin, one of the oldest and most established cryptocurrencies has more than quadrupled in value since December to over $ 4300.

In 2013, the skyrocketing value of Bitcoins — from $ 13 in January to more than $ 1,000 in early December — pushed it into the mainstream.

Even fractions of a Bitcoin have a value higher than many traditional currencies.

Most of the wallets on the Indian platform were hacked, resulting in the loss of more than 430 bitcoins with an approximate value of over $ 3.5 million.

According to data website Coin Dance, that's far higher than the value of bitcoin transactions on the same website seen in more prosperous nations across the region, including Argentina, Brazil and Chile.

The service does include a mark up on its purchases so you spend slightly more in Bitcoin than you receive in gift card value.

Investing in a digital currency is extremely high - risk — more so than traditional startup investing — but is motivated largely by the explosive growth in the value of bitcoins, each of which is now worth around $ 4,000 at the time of publication.

Bottom Line: Ethereum serves a different purpose than other cryptocurrencies, but it has quickly grown to displace all but Bitcoin in value.

A group of Swiss professors published a paper indicating that the market value of Bitcoin shouldn't be higher than $ 77 billion by year - end as per «Metcalfe's Law.»

As the IRS is focusing on tax compliance for the years 2013 - 15, it appears that the $ 20,000 value will be calculated based on the price of bitcoin on the date (s) of the relevant transaction (s) rather than a fixed bitcoin exchange rate or today's price.

Admittedly, one could make the same argument about gold, but gold has been widely accepted by humankind as a thing of value for more than two - and - a-half thousand years — compared to less than a decade for bitcoin.

But as bitcoin began attracting greater attention from developers and technologists, novel projects began to use the bitcoin network for purposes other than transfers of value tokens.

For example, although bitcoin's value reached almost $ 2,800 in May, it dropped more than 18 percent before the end of the month.

As of June 7, 2017, the Company's investments include two cryptocurrencies greater than 10 % of their total portfolio value, Bitcoin («BTC») at 24.67 % and Ethereum («ETH») at 41.25 %.

The Bitcoin protocol offers robust anonymity, and the protocol guarantees that there will never be more than 21 million Bitcoins in existence, which supporters have argued would give the currency a stable value.