Daily Archives: September 18, 2023

How Is Bitcoin Valued? Who Set Bitcoin Price? Factors that Could Impact Bitcoin Price. How do you track the value of bitcoin? What is the highest value ever reached for one bitcoin?

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Bitcoin is one of cryptocurrency.Unlike dollar cryptocurrency is not controlled by any government or central bank.The currency work like stock market where sellers and buyer can trade their local money for bitcoin or vice versa.Bitcoin value is different and depend on the investor some thing that bitcoin real value is higher than market price.

Who Set Bitcoin Price

Bitcoin price is set by demand and supply of Bitcoin.If more people desire to sell than buy prices will likely decrease and vice versa.This is same like of real estate and open marketplaces.When an open sell order and buy order meet at common price the order completes. The final trade price is the current bitcoin value.Some exchange list different bitcoin prices. Some exchanges operate independently of the open market and serve only their members.

How do you track the value of bitcoin?

Bitcoin value depend on investing goals and financial situations. If you have an account at an exchange brokerage such as eToro or Gemini can view the current price in your account online.You can check Bitcoin price publicly at any exchanges and market websites.

What is the highest value ever reached for one bitcoin?

The price of bitcoin reached $66,878 for a single bitcoin. Since then 50% down the price of one bitcoin i.e $30,000.

Bitcoin Value vs Valuation

When selling or buying any financial product it is key to differentiate between price, valuation and value.Valuation is analysis of an investment.The Value is the current price any one pay for something right now.Bitcoin value is the current market price its valuation is difficult to think.

What Are the Laws for Cryptocurrency? What is Cryptocurrency? Current and Proposed Cryptocurrency Regulations. Cause of Caution with Crypto Investment

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Cryptocurrency and Bitcoin have become more popular and accepted as investment and way of payments.There are various consumer protections and regulations for cryptocurrency.CFTC regulating the trading of cryptocurrency futures and markets.Securities and Exchange Commission controls new cryptocurrency such as initial coin offerings to make sure they are not dedicated as securities.Paypal now offers cryptocurrency.

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What is Cryptocurrency?

Cryptocurrency is imaginary amount that can be used for paying bills.Currently there are more than 4500 cryptocurrencies available in the market.Bitcoin is more famous and share five times the size of its competitor.Bitcoin came into being in 2009.Cryptocurrency can held in digital wallets, transferred, bought and sold.Digital wallets can be hosted by exchange that manages cryptocurrency payments and sales.

Digital Wallets can be unhosted . Digital Wallet owner can forward cryptocurrency amount directly form one member wallet to other.No banks involve and transactions is anonymous.Cryptocurrency have created huge profit for investors there are lot of risks involve and regulation to be consider.There are various investor and consumer protection that deal cryptocurrency.Cryptocurrency continues to gain more popularity and use with in a financial market concern for law enforcement agencies and White House Administration to make strict regulation.

US Law Enforcement agencies and regulators are very much concern about anonymous cryptocurrency transactions.The proposed FinCen regulations focus on the use of unhosted digital wallets which has no impact on average investor.

Current and Proposed Cryptocurrency Regulations

At present in US regulation regarding cryptocurrency are only proposals and are based on the Bank Secrecy Act (BSA) of 1970 and Patriot Act.Fincen issued guidance in 2013 to include cryptocurrency exchanges within the definition of a money transmitter making them subject to Patriot Act rules and BSA.In December 2020 FinCen proposed new regulation to control cryptocurrency money laundering.The Biden Administration freeze all pending rules.

Legal Concenrns Using Cryptocurrency

  • Cryptocurrency theft and investment fraud.
  • Cryptocurrency can cause money laundering and evade taxes.
  • Direct use of cryptocurrency commit crime and finance terrorism.

6 Reasons Why ChatGPT Became the Fastest Growing App of All Time

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ChatGPT free access user friendliness with its community driven speed have made it accessible to thousands. Usefulness of ChatGPT have been the main parts in its rapid progress appealing in multiple industries.ChatGPT managed to gain the market with in artificial intelligence space.

Is ChatGPT the Swift Progressing App of All time?

According to survey ChatGPT is the fastest growing app in internet history.The data showed that ChatGPT had around 25 million daily visits out of which 13 million were unique.ChatGPT has gained 100 million users in just 2.5 months while facebook done this progress in 4.5 years, Instagram needs a 2.5 years.ChatGPTs growth is purely organic and impressive.ChatGPT had to gain users with no existing platforms.Release and Meteoric rise of the Meta owned threads microblogging platform challenge its narrative.Threads by Meta gained around 1oo million users in less than a week.

ChatGPT captured the public attention and forced 100 million signs up in a short period of time.Thread uses instagram platform for its growth.

ChatGPT is Free

ChatGPT is free and easy to use.OpenAI other AI text generator tool has existed long before ChatGPT and available at the GPT playground.ChatGPT is ease of use, zero cost and accessibility.With a phone number and an email you can sign up for ChatGPT account.

Capture Human Imagination

ChatGPT gain people imagination what coluld be done with AI. It create miracle in artificial intelligence space.

ChatGPT is Community Driven

ChatGPT secret growth is community driven.The most of mobile app and web app is done by ad campaign.ChatGPT growth is done by people sharing their experience with their community. by using twitter, Reddit and Facebook.

Timing of Artificial Intelligence Era

ChatGPT growth came in progressive era of artificial intelligence.AI is subject of speculation on internet for last several years.AI tools like Dall-E 2 is in progress.