The truth behind Bitcoin code has been written by Satoshi Nakamoto. As a former trader, I have analyzed his messages in this online system and I am of the opinion that the person referred to as the author of the online system is a trader named with the screen name “Satoshi Nakamoto”. Sep 30, · Dec 23, Bitcoin, S&P , Gold Outlook: Leave a comment to give us your own truth about trading, and make sure to share this article on social media. What Is Bitcoin News Trader? The Bitcoin News Trader system is a newly launched Bitcoin trading platform that claims to be able to generate it’s users guaranteed profits entirely on autopilot Even if they know nothing at all about cryptocurrencies.
Truth behind bitcoin traderTruth Behind Bitcoin Code
The truth behind Bitcoin code has been written by Satoshi Nakamoto. The author explains in his message that the financial trading market would move under the help of the computer. The author also says that a certain set of rules that was to be followed in order to get benefited from this software were explained in the message. The author further says that if the trader was able to follow the set of rules in this software, he would get benefited and so this code was created. There is no other person who could have made this message and we need to find out how this person knew the technical aspects of trading.
The person can be a new trader who was willing to learn and a trader who was at the verge of quitting the trading industry. He would not know how to make the software and neither would he know the basics of trading. Neither could he know the basic concepts of the trading system and neither would he know how to make the system work.
He would have only one knowledge and that is that he will not be able to make anything happen in this industry and that is a handicap for him because he is a new trader. The trader may not be a novice in this field of trading and he may even be experienced. This is not a useful activity. Even if you win money through dumb luck, you have lost time and energy, which means you have lost.
Investing means buying an asset that actually creates products, services or cashflow, such as a profitable business or a rentable piece of real estate, for an extended period of time. An investment is something that has intrinsic value — that is, it would be worth owning from a financial perspective, even if you could never sell it. Blockchain is simply a nifty software invention which is open-source and free for anyone to use , whereas bitcoin is just one well-known way to use it.
As a real-world comparison for blockchain and bitcoin , take this example from the blogger The Unassuming Banker :. Imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it online, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders. I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we still have to see , however, how much is a Cancer-Pill worth?
Our banker goes on to explain that the first Cancer-Pill bitcoin might initially see some great sales. Prices would rise, especially if supply was limited just as an artificial supply limit is built into the bitcoin algorithm. But since the formula is open and free, other companies quickly come out with their own cancer pills.
Anybody can make a pill, and it costs only a few cents per dose. This screenshot from coinmarketcap. Bitcoin AKA Cancer-Pills has become an investment bubble, with the complementary forces of human herd behavior, greed, fear of missing out, and a lack of understanding of past financial bubbles amplifying it.
To better understand this mania, we need to look at why bitcoin was invented in the first place. As the legend goes, in an anonymous developer published a white paper under the fake name Satoshi Nakamoto.
The author was evidently a software and math person. But the paper also has some in-built ideology: the assumption that giving national governments the ability to monitor flows of money in the financial system and use it as a form of law enforcement is wrong.
This financial libertarian streak is at the core of bitcoin. Government-issued currencies have value because they represent human trust and cooperation. There is no wealth and no trade without these two things, so you might as well go all in and trust people. Bitcoin has none of these things, and even safely storing it is difficult.