Summary
This prediction is currently active. The SELL prediction by ValueFreak for Bitcoin is trending in the completely wrong direction and now has a performance of 69.54%. This prediction currently runs until 31.10.24. The prediction end date can be changed by ValueFreak at any time. ValueFreak has 50% into this predictionBitcoin is a decentralized digital currency that allows people to send and receive payments without the need for intermediaries such as banks or governments. Created in 2009 by an anonymous person using the pseudonym Satoshi Nakamoto, Bitcoin operates on a blockchain, a public ledger that records all transactions in the network.
Unlike traditional currencies, Bitcoin is finite, with a limited supply of 21 million bitcoins. It can be sent and received globally in minutes, and the transaction fees are lower than traditional payment methods.
One of the main applications of Bitcoin is as a store of value, similar to gold or other precious metals. Bitcoin's limited supply and high demand have led to its increasing value over time, making it an appealing investment for many people.
Bitcoin is also used for transactions, particularly in countries where traditional financial institutions are scarce or unreliable. It allows people to send payments directly to each other without the need for a middleman, and it is often faster and cheaper than traditional payment methods.
Another application of Bitcoin is as a means of payment for goods and services. Many businesses, both online and offline, accept Bitcoin as a form of payment, allowing customers to purchase products and services using their bitcoin holdings.
Overall, Bitcoin's main applications include as a store of value, a means of transaction, and a method of payment for goods and services. Its decentralized nature, limited supply, and global accessibility have made it increasingly popular among investors, consumers, and businesses alike.
Performance without dividends (%)
| Name | 1w | 1m |
|---|---|---|
| Bitcoin | -7.671% | -7.671% |
| iShares Core DAX® | 0.000% | -2.064% |
| iShares Nasdaq 100 | 0.626% | -2.884% |
| iShares Nikkei 225® | 1.568% | -5.892% |
| iShares S&P 500 | 0.334% | -2.281% |
Comments by ValueFreak for this prediction
In the thread Bitcoin diskutieren
https://www.n-tv.de/wissen/Bitcoin-verbraucht-mehr-Strom-als-Pakistan-article24497391.html
67 Prozent des in den Jahren 2020 bis 2021 verbrauchten Schürf-Stroms kam demnach aus fossilen Energiequellen. Wasserkraft als wichtigste erneuerbare Energiequelle des Bitcoin-Mining-Netzwerks habe etwa 16 Prozent des Strombedarfs abgedeckt.
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html
On 10 January, the US Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETFs) for Bitcoin. For disciples, the formal approval confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. We disagree with both claims and reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.