Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. The system is peer-to-peer, and transactions take place between users directly, without an intermediary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

According to the Bank Negara Malaysia (BNM), bitcoin is not recognised as legal tender in Malaysia. BNM issued a statement on 6 January 2014 that said: “The bitcoin is not recognised as legal tender in Malaysia.

The Central Bank does not regulate the operations of bitcoin. The public is therefore advised to be cautious of the risks associated with the usage of such digital currency.”.

Despite this, bitcoin trading still exists in Malaysia, though largely unregulated by BNM. A few Malaysian startUPS have begun to accept bitcoin as payment, but it remains to be seen if this trend will continue.

In conclusion, while Bitcoin is not currently recognised as legal tender in Malaysia, it is still possible to trade it within the country. However, due to the lack of regulation, investors should be aware of the risks involved before doing so.

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

According to an article in Business Insider, India is one of the biggest markets for Bitcoin, with over 1.2 million users. However, the Reserve Bank of India (RBI) has not given Bitcoin legal status as of yet.

The RBI has cautioned users about the risks associated with Bitcoin, such as volatile prices, potential money laundering, and fraud. However, the RBI has not outright banned Bitcoin.

Some businesses in India are still accepting Bitcoin despite the RBI’s warnings. Zebpay, an Indian Bitcoin exchange, has seen a surge in users and transactions since the demonetization of the Indian rupee in November 2016.

The company has also started educating its users about the risks associated with Bitcoin investing.

The Indian government is currently working on regulations for Bitcoin and other digital currencies. Once these regulations are in place, it is likely that the RBI will give Bitcoin legal status in India.

Until then, Bitcoin remains in a legal gray area in India.

When it comes to Bitcoin, there is no denying that it has had a bit of a rollercoaster ride over the past year. After reaching an all-time high in December of 2017, the digital currency took a nosedive in 2018, losing over 70 percent of its value.

This led many to believe that Bitcoin was simply a flash in the pan and that it was not going to be able to recover. However, Bitcoin has quietly been on the rebound in 2019 and it appears that it may be poised for another run at its all-time high.

There are a number of factors that are working in Bitcoin’s favor right now. First and foremost, there is increasing institutional interest in the digital currency.

Fidelity Investments, one of the largest asset managers in the world, recently announced that it was launching a cryptocurrency trading platform for its institutional clients. This is a huge vote of confidence from a major financial institution and it is likely to attract even more institutional investors to the space.

In addition, there are a number of countries that are looking to launch their own central bank-backed digital currencies. This is likely to increase demand for Bitcoin as a store of value since it is currently one of the only digital currencies not backed by a government.

As more and more people lose faith in fiat currencies, they are likely to turn to Bitcoin as an alternative.

Finally, we are seeing more and more retailers start to accept Bitcoin as payment. While this is still relatively rare, it is becoming more common and this is likely to increase as time goes on.

As Bitcoin becomes more accepted by businesses, its price is likely to rise.

All of these factors point to Bitcoin being poised for another run at its all-time high. While there is always the potential for another dip, it seems much more likely that Bitcoin will continue to trend higher in the months and years ahead.

As of this writing, Bitcoin is down 7.14% on the day, down 20.91% on the week and down 4.33% on the month.

The cryptocurrency is also down a whopping 54.32% on the year. So, is Bitcoin going up or down today? And what about tomorrow? Or next week?.

The simple answer is that no one knows for sure. However, there are a few things we can look at to get a better idea of where the market might be headed in the short-term.

First, let’s take a look at the weekly chart for BTC/USD. We can see that the market has been in a clear downtrend since peaking above $19,000 back in December 2017.

The market has found some support around $6,000, but has been unable to break out above $8,000 resistance.

The daily chart doesn’t provide much more clarity. We can see that BTC is currently trading just below the $7,000 level, which has been both support and resistance over the past few weeks.

The market does appear to be consolidating here though, so a breakout in either direction could be coming soon.

The 4-hour chart looks like BTC could be headed for a move lower in the near-term. The market has failed to break out above resistance around $7,400 and is currently trading below the 50 and 100 moving averages (MA).

If support around $6,800 breaks, we could see BTC head back towards $6,000 levels.

So, where is Bitcoin going next? It’s really anyone’s guess at this point. However, the technicals do suggest that further downside could be in store for BTC in the short-term before any meaningful rebound takes place.

As of late, Bitcoin has been on a bit of a roller coaster ride. After hitting an all-time high in December of 2017, the digital currency has taken a bit of a tumble, and many investors are wondering if it will ever recover.

Only time will tell, but here are a few things that could help Bitcoin make a comeback.

First and foremost, it’s important to remember that Bitcoin is still in its infancy. It was only created in 2009, and it’s still not widely accepted as a form of payment.

As more and more businesses start to accept Bitcoin as payment, its value is sure to increase.

Secondly, there’s no denying that the recent crackdown on cryptocurrency exchanges in China has had an impact on the price of Bitcoin. However, it’s worth noting that China only accounts for about 10 percent of the global Bitcoin market.

So even if the Chinese exchanges stay shut down, there’s still a lot of room for growth elsewhere.

And finally, one of the biggest things working in Bitcoin’s favor is the fact that there’s a limited supply. There will only ever be 21 million Bitcoins mined, and as demand increases, so will the price.

So while the future of Bitcoin is impossible to predict, there are certainly some factors working in its favor. Only time will tell if it will make a full recovery, but there’s reason to believe that it will.

When it comes to Bitcoin, there are a lot of different opinions out there. Some people believe that it is a revolutionary new currency that will change the world, while others believe that it is a bubble that is bound to burst.

However, there is one group of people who are looking at Bitcoin from a different perspective – they believe that it is following the Wyckoff pattern.

The Wyckoff pattern is a technical analysis tool that was developed by Richard Wyckoff in the early 1900s. It is based on the idea that all markets move in cycles, and that these cycles can be predicted.

Many people believe that the Wyckoff pattern is still relevant today, and that it can be used to predict what will happen to Bitcoin in the future.

There are four stages in the Wyckoff pattern: Accumulation, Markup, Distribution, and Decline. We are currently in the Accumulation stage, which is when smart money starts buying up Bitcoin. This stage usually lasts for a long time, and we are still in the early stages of it. The next stage is the Markup stage, which is when prices start to rise.

This is usually followed by the Distribution stage, which is when prices start to fall. Finally, the last stage is the Decline stage, which is when prices bottom out.

So, what does this mean for Bitcoin? Well, if the Wyckoff pattern holds true, then we are still in the early stages of Accumulation. This means that prices could continue to go down for a while before they start to rise again.

However, if you believe in the long-term potential of Bitcoin, then this could be a great time to start accumulating coins.

Bitcoin has been in the news a lot recently. Some people think it’s a great investment, while others think it’s a bubble that’s about to burst. So, is bitcoin falling?

On January 17, 2018, the price of one bitcoin was $13,412. But just a week later, on January 24, the price had dropped to $10,374. That’s a fall of over 23% in just one week!

So, what caused this sudden drop in the price of bitcoin?

There are a few possible explanations. One is that people are losing faith in bitcoin as an investment.

This could be because of all the negative press it’s been getting lately. Another possibility is that people are selling off their bitcoins because they’re worried about a bubble.

Whatever the reason, it’s clear that the price of bitcoin is volatile and can go up or down very quickly. So, if you’re thinking of investing in bitcoin, be prepared for some big swings!.

As the world becomes increasingly digitized, the importance of digital currency is only expected to grow. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 as a response to the global financial crisis. The idea was to create a decentralized, secure form of currency that could be used by anyone, anywhere in the world.

While traditional fiat currencies are regulated by central banks, Bitcoin is not. Instead, it is a decentralized peer-to-peer system powered by blockchain technology.

Since its inception, Bitcoin has grown in popularity and usage. While it is not yet widely accepted as a form of payment, there are a growing number of businesses and individuals that are beginning to accept it.

As its usage increases, so does its environmental impact.

Bitcoin mining is the process by which new bitcoins are created. Miners use powerful computers to solve complex mathematical problems in order to verify transactions on the blockchain. In return for their work, they are rewarded with bitcoins.

The more miners there are in the network, the more secure it is. However, this also means that the energy consumption of the Bitcoin network is constantly increasing.

In 2017 alone, it is estimated that Bitcoin mining used up about as much electricity as the country of Denmark. If Bitcoin were a country, it would rank 61st in the world in terms of energy consumption! The majority of this energy comes from fossil fuels such as coal and natural gas.

This means that Bitcoin mining currently has a large carbon footprint.

As awareness of the environmental impact of Bitcoin grows, there are a few proposed solutions. One is to make mining more efficient by using cleaner energy sources such as solar or wind power. Another is to move away from proof-of-work (PoW) consensus and towards proof-of-stake (PoS).

With PoS, miners are not rewarded for solving mathematical problems but for holding coins in their wallets. This would greatly reduce the amount of energy needed to power the Bitcoin network.

Ultimately, whether or not Bitcoin is eco-friendly depends on how it is used and what kind of consensus algorithm is used to power it. If more miners move to cleaner energy sources and PoS is adopted by the majority of users, then Bitcoin could become much more eco-friendly in the future.

When it comes to Bitcoin, there is a lot of confusion out there. Is it a cryptocurrency? Or is it a digital currency? Well, the answer is both.

Let’s take a closer look.

Bitcoin is a decentralized peer-to-peer electronic cash system that doesn’t rely on banks or other financial institutions. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is often referred to as a digital currency or cryptocurrency because it can be used as a medium of exchange and can be bought with fiat currencies like the US dollar. However, unlike traditional currencies, bitcoin is not regulated by any central authority.

This means that there is no one in charge of overseeing transactions or ensuring that they are valid.

The value of bitcoin has fluctuated wildly since it was first created in 2009. At one point in 2013, one bitcoin was worth more than $1,000.

But then the value crashed and it was worth less than $200 by early 2015. The value has since rebounded and as of July 2018, one bitcoin is worth around $8,700.

While the volatility makes bitcoin risky for investors, it also creates opportunities for traders who are willing to take on the risk. So whether you see bitcoin as an investment or as a currency, there’s no denying that it’s here to stay.

When it comes to Bitcoin, there is no denying that China has had a significant influence over the cryptocurrency. After all, China is home to some of the largest Bitcoin mining pools and exchanges in the world.

However, does this mean that China actually controls Bitcoin? Let’s take a closer look.

It is true that a large majority of Bitcoin mining takes place in China. However, it is important to remember that anyone can mine Bitcoin from anywhere in the world.

The reason why so much mining takes place in China is because of the cheap electricity and abundant resources.

Similarly, a large number of Bitcoin exchanges are based in China. However, again, anyone can set up a Bitcoin exchange anywhere in the world.

There are numerous exchanges based outside of China that cater to a global audience.

So while it is true that China has a lot of influence when it comes to Bitcoin, it would be inaccurate to say that they control the cryptocurrency.