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Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with…
Read moreRecent and Upcoming Bitcoin Hard Forks: What You Need to Know
Has the flurry of upcoming Bitcoin hard forks got your head in a tizzy? We’ve got the lowdown on Super Bitcoin, Bitcoin Silver, Bitcoin Atom, and more.
The post Recent and Upcoming Bitcoin Hard Forks: What You Need to Know appeared first on CoinCentral.
Read moreWhat Factors Decide The Price Of Bitcoin? Demand, Production, & Media
Bitcoin’s decentralized nature drives it apart from the traditional factors that affect other financial instruments in the macroeconomic scenario. Monetary policy, inflation rates, etc., do not affect the previous or current BTC price. Bitcoins can rather be compared with commodities, and it is used as a commodity to store value. Bitcoin’s price factors are multiple, mainly: […]
The post What Factors Decide The Price Of Bitcoin? Demand, Production, & Media appeared first on CoinCentral.
Read moreCASE STUDY
3 Secrets To Bitcoin Investment Success
The bitcoin ecosystem got a lot of great news – investors are pouring millions into the ecosystem, the IRS clarified the U.S. tax situation, and Stripe announced they will support bitcoin.
HAVE A PLAN
Bitcoin investors need to have a strategy: It could be day trading, trying to pay off student loans, trying to retire, etc.
SECURE THOSE BITCOINS!
Bitcoin gives owners 100 percent control over their funds. With that great power comes responsibility. Any time funds are held in an online wallet, online exchange, or business those funds are at an increased level of risk.
EXPECT DROPS
Bitcoin’s price will drop. It’s price will probably drop more and faster than any other investment you’ve held.
When evaluating places to put bitcoins it is important to think of trust factors such as: who owns this company, where is this company located, what security features does this company employ, and how does this business make money?
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