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Menampilkan postingan dari Januari, 2018

Place Bitcoin according to its portion

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Bank Indonesia gave a warning about the ownership and use of bitcoin. How do we see it? "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way" - Janet Yellen, Chair of the US Federal Reserve, Feb 27, 2014 Everyone also knows that the currency that valid as legitimate payment in Indonesia is Rupiah, and for that there is a law, namely Act No. 7 of 2011 on Currency. Except on borders such as the border in North Kalimantan, the Ringgit or Dollar currency may not be used as a means of payment in Indonesia. There will be a sanction. But if anyone can invest in stocks, gold, or hard currency such as Euro or Dollar, why when euphoria occurs in the field of cryptocurrency, then BI again reminded of the existence of the Law on Currency. “Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.” - Jim Rickards, ...

How many Bitcoins are currently in circulation?

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Theoretically the amount of Bitcoin is only 21,000,000 BTC. This number does not reflect the quantity of coins that has been lost or produced in the genesis block, which can not be spent.  But did you know that 1 Satoshi = BTC 0.000000001, a value that can be used for shopping? So, theoretically, the amount of Bitcoins in circulation are 2,100 trillion Satoshi -100 million satoshi multiplied to 210 million BTC.  If the price of 1 BTC = Rp.250.000.000, - then Rp.1, - equals 4 Satoshi. But if the prediction of Bill Gates that 1 BTC can reach Rp.1.000.000.000,00 then Rp.1, - equal to 1 Satoshi. If the last thing happens, then for a Tango Wafer will require 50 Satoshi only.

Bitcoin's ambition

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Did you know that "Satoshi Nakamoto" has an ambitious vision by making predictions that the highest value of 1 Bitcoin is US $ 1,000,000. How to calculate it? The smallest value of Bitcoin is 0,00000001 satoshi. While the smallest value of USD is 1 cent or $ 0.01. So if $ 0,01 = 0,00000001 satoshi, then $ 1 = 0,000001 bitcoin, or in other words that the highest value of 1 Bitcoin is $ 1,000,000. If calculated in rupiah, what is the highest value of 1 Bitcoin? Calculate yourself. If Bitcoin's ambitious value can reach USD1,000,000, then what is the highest possible value of BDCC (big data crypto currency) whose value is still very low? For example, the highest BDCC price is only 1% of the highest bitcoin value, then the highest potential of BDCC could reach $ 10,000. If you use the worst scenario where the BDCC price in the next 3 years only reach $ 100, then you who register as a member in early 2018 by buying BDCC for $ 0.50, the gain can reach 19.900%. ...