Bitcoin 15 mysteries about bitcoin and cryptocurrencies Published 11 months ago on June 27, 2018 By Coinnounce - Coin Announcements Share Tweet 15 mysteries about bitcoin and cryptocurrencies The digital world has always been kind of a mystical fairyland for people. We see new things sprouting up and about day in and day out and as far as people are enthralled about such happenings, they also wish to come out of the darkness a little more and have some light shed upon what is the truth behind things. As far as a few people are concerned, they love living in their own dream land since it is a nice cozy place full of wonders and magical things. However, there are still many who thrive to uncover them. Today, I would not be uncovering those mysteries for you but to get your minds charged up about how much of the real world is actually hidden from us and how much of it we have absolutely no idea about. Since the digital currency world has taken people by surprise and people have been ever since trying to understand it better more and more, here are a few of the most intriguing mysteries about this crazy digital token world. Although I would be mostly focussing on the very own original solution of blockchain and favorite of everyone, Bitcoin, I would also be talking about a few other cryptocurrencies. So if this interests you, go ahead and read about the crazy mysteries related to bitcoins and cryptocurrencies. The biggest mystery should maybe be tackled the first. Who is after all the creator of Bitcoin? This wonderful creation has been credited to Satoshi Nakamoto but people are yet to truly know who he actually is. Or whether it is even a he or not. From people claiming it to be Elon Musk to the NSA to even extra terrestrial aliens, there has been no concrete proof regarding who is Satoshi Nakamoto. Since it has already been almost 10 years since Bitcoin was introduced to the world and no one has been able to uncover this mystery yet, I guess no one would ever know who Satoshi Nakamoto really is. In 2015, Australia, a man named Craig Wright claimed to be Satoshi Nakamoto and said he has concrete proof to prove so. But when it actually came to providing the proof in public, he backed out and said he does not have the ‘courage’ to come out with the proof. No one understood this and everyone was quite disappointed by these turn of events. Well we guess we will never know what that was all about. In around 2011, Satoshi Nakamoto disappeared from the face of Earth as it is. He had already been on email communication with everyone and then suddenly all these communications ceased. Since then, no one knows where he is. Adding upon the whole mystery of who he is, the where he is now question made people even more excited about the whole scenario. And just like, till date, no one knows who he is, no one has been able to figure out where he is. This man is quite a mystery I must say. In around mid July, there was an Ethereum user who can be identified only using his or her anonymous digital wallet address, as are all users of Ethereum, and this address owner holds Ether in such a quantity that actually makes him or her a millionaire. Now as much as this is a good news for this particular person, tax regulators have been going crazy about how to identify this person so that they can be charged their income tax. Any millionaire would of course be charged a whole lot of taxes for holding such a huge amount of money but this person, along with quite a few millionaires across the globe with respect to digital tokens have been evading tax payments since they cannot be identified. In the same month of August in 2011 when Satoshi Nakamoto disappeared from the internet, he sent an email to one of the Bitcoin project developers named Gavin Anderson stating, “Deemphasize the whole ‘Mysterious Found’ thing”. No one really understood what that was all about. It is also quite interesting to note that this was actually Satoshi Nakamoto’s last known communication with the world. Since the price of Bitcoin is affected by the supply and demand phenomenon, and the supply of Bitcoin is finite, which is, 21 million, people wonder what would happen when all of these 21 million tokens are mined. Experts believe it would create a bubble which when saturates, will burst leading all the investors in any kind of digital currency into a digital chaos of never before seen magnitude. In addition to who exactly is the creator of Bitcoin, no one really understands how the very first coins were mined. Yes of course they understand the whole mining process but there is still a huge mystery regarding how these coins actually began to flow onto the digital floor in the first place. In 2015, an artist (with the twitter handle ‘coin_artist’) created a Bitcoin puzzle that has about 4.87 bitcoin and anyone solving this puzzle would get these as the reward. It is the point of attraction for a lot of bitcoin enthusiasts even know. Why would someone do this is quite unexplainable. However, instead of solving this puzzle, in 2017, a mysterious entity deposited 0.125 bitcoin in this particular puzzle wallet. This lead to a lot of excitement in everyone and also unraveled a new mystery of a system or network of easy accessible linked wallets which can be facilitated for completely automatic transactions involving bitcoins. Moreover, the deposit of 0.125 bitcoins was not made from a genuine wallet. About 3 days before this deposit was made, a reddit user claimed and showed good proof about how his bitcoin wallet had been hacked into and he had been robbed of Bitcoins. It was a part of this hacked bitcoin stash that was used to make the 0.125 deposit. A coder named Sergio Demian Lerner, carried out a little analysis of the distributed ledger by putting himself in the shoes of Satoshi Nakamoto and came out with an interesting inference. According to him, anyone who could possibly be Satoshi Nakamoto, has acquired quite a wealth of which only 500 bitcoins have been spent. This roughly accounts for about 0.0005%. No one really understands why Satoshi Nakamoto has not yet cashed in the remaining tokens and become a millionaire himself. The hacker who deposited 0.125 bitcoins in the puzzle created in 2015 by coin_artist was most probably a part of a bitcoin siphon. This bitcoin siphon has been indulging in stealing bitcoins from wallets since quite a few years. An American Japanese man named Dorian Nakamoto has been living in California since quite a few years. People and the media suspected him to be the original creator of Bitcoins but he claims to have had never heard about it before and has no idea what it is all about. The interesting thing to note is that the real name of Dorian Nakamoto on his birth certificate is ‘Satoshi Nakamoto’. However, soon Dorian did set up a Bitcoin wallet and started investing in it. This account has been under several bitcoin transactions just over the course of a few months and after having passed all these addresses has been deposited back into Dorian’s address. The man who had never heard about Bitcoins has become quite an avid user of this platform which is a little unsettling to be honest. In addition to the mysterious anonymity of Satoshi Nakamoto, now claims have surfaced that since he had suddenly disappeared from the web, this might not have been his conscious choice but he could actually be dead. Now since no one really knew who he is or was, we would never really know if he is alive or dead. Related Topics:alien mysteriesBitcoinbitcoin alienbitcoin mysteriesbitcoin mysterymysteriesmysteries about bitcoinmysteries bitcoinmysteries satoshimysterymystery about bitcoinmystery bitcoinsatoshi mysteries Up Next Bitcoin Price Analysis (BTC/USD) – A reversal signal? 28 June Don't Miss All you need to know about the EOS platform that is newly launched Continue Reading Advertisement You may like BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000? The Death of Cryptopia: How it all Happened? Bitcoin ETF Update: US SEC Delays Decision on Bitwise BTC ETF Ebay: No Plans of Accepting Bitcoin, Cryptocurrencies BTC to USD, 15th May: Bitcoin Price Analysis, $8500 or $7000? Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto? 7 Comments 7 Comments Pingback: 15 mysteries about bitcoin and cryptocurrencies – Btc News Magazine Pingback: 15 mysteries about bitcoin and cryptocurrencies – The Coinage Times Pingback: Ripple, EOS and Litecoin Price Analysis 7 July | Coin Crypto Rama Pingback: Ripple, EOS and Litecoin Price Analysis 7 July | Bitcoin Daily Pingback: Bitcoin vs USD (crypto vs fiat) – CRYPTO NEWS (DAPPSWARE) Pingback: Bitcoin vs USD (crypto vs fiat) – Top Coins News Pingback: Can France become the Blockchain Nation? - Tech Zone News Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Price Analysis BTC to USD, 19th May: Bitcoin Price Analysis, $6000 or $9000? Published 18 hours ago on May 19, 2019 By Layla Harding Technical Indicators: Support Levels: $7500, $7000, $6600 Resistance Levels: $8000, $8200, $8300, $8500 Key Points: Bitcoin price started to recover massively after moving above $6800 level. The bulls pushed the price back above $7000 and even $7500 resistance level. Bitcoin price was also able to break above the bearish pattern line which was being formed on the hourly chart with resistance around $7300. Currently, BTC seems to be eyeing towards $8000 resistance level. Bitcoin Price Analysis: SUMMARY: Bitcoin price started to recover massively after crashing down to around $6600 level. BTC is currently trading in a positive momentum and might soon test $8000 resistance level to move towards $8500 and even $9000 levels if it remains above $7200 and $7000 support levels. Bitcoin price gained bullish momentum last week and broke above $7000 resistance level. The buyers were also able to push the price above $7200, $7500 and $7800 resistance level. BTC even moved over the $8000 level to record a new yearly high at around 8360. However, bitcoin price started to correct downwards later on and fell below $8000 level. The selling pressure increased massively and BTC also broke below $7000 support level which turned the overall momentum into negative. However, Bitcoin price found decent support around $6650 level where buyers were able to stop further losses. Bitcoin price soon started to recover back upwards and broke above the resistance formed around $7000. BTC was also able to break through $7200 resistance level as well as the bearish pattern line that was being formed on the hourly chart with resistance around $7300. Bitcoin price also moved above $7500 resistance level and is currently trading well above this range. With BTC currently trading around $7800, the overall momentum seems positive and Bitcoin price might soon test the $8000 resistance zone above which it might test the $8200, $8300 and $8500 levels. However, if bitcoin price started to correct downwards again, it is very essential for BTC to maintain its position above $7000 to remain bullish. If BTC falls below $7000 and $6600 support level, it might turn towards $6000 and even $5500 level in the short term. BTC to USD Price Chart 19th May The chart shows that bitcoin price was able to recover nicely after falling towards $6650 level. The overall momentum seems bullish and BTC might test $8000 level to move towards $8200, $8300 and $8500 resistance levels. On the downside, BTC is currently supported at $7500, $7000 and $6600 level below which the momentum might turn bearish. Continue Reading #Bitcoin Price Analysis BTC to USD, 15th May: Bitcoin Price Analysis, $8500 or $7000? Published 5 days ago on May 15, 2019 By Layla Harding Technical Indicators: Support Level: $7600, $7500, $7200 Resistance Level: $8100, $8350 Key Points: Bitcoin price started to correct downwards sharply after rising up to around $8350. The sellers pushed the price below $8000 and BTC tested the $7600 support level. A bearish pattern is being formed on the hourly chart with resistance around $8100 which might push the price back downwards. Bitcoin price might test the $7600, $7500 and even $7200 support levels before it starts a fresh upside move. Bitcoin Price Analysis: SUMMARY: Bitcoin price started to correct downwards and fell below $8000. BTC is currently supported at $7600 and $7500 and might soon test the $8100 and $8350 resistance levels again. Bitcoin price broke above the $8000 resistance level yesterday with bullish momentum. The buyers even pushed the price above $8100 and $8300 resistance levels, however, there were a lot of sellers placed around $8350 resistance level and thus after reaching up to $8340, bitcoin price started to correct downwards. During the downward correction, BTC delined below $8200 and $8000 support levels. As the price declined below $8000, the selling pressure increased and the bitcoin price was pushed back to the $7600 support level. BTC reached up to $7631 before the buyers were able to control the situation and stop further losses. Currently, Bitcoin is trading well above $8000 and trying to move towards $8100 level. Also, there is a bearish pattern being formed on the hourly chart with the resistance at $8100 which might push the price back downwards. Thus, it is very essential for bitcoin price to break above this level in the short term to stay bullish. The current resistance lies around $8100 above which BTC might test the $8350 resistance level again. A close above this range would take bitcoin to the $8500 and $8700 levels. However, if BTC falls below the $7600 support level, it might fall back towards $7200 and even $7000 level below which the momentum might turn bearish. BTC to USD Price Chart 15th May The chart shows that the bitcoin price is currently trading above $8000 and trying move towards $8100 level. Most likely, bitcoin price might fall down towards the $7600 support level again before starting a fresh upward move. As long as bitcoin remains above $7600 level, it will stay in an uptrend and might soon test $8350 and $8500 resistance levels. Continue Reading #Bitcoin Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto? Published 5 days ago on May 14, 2019 By Nadja Eriksson The identity of Satoshi Nakamoto is one of the biggest secrets in the world, especially in the cryptocurrency industry. A lot of people have speculated the real identity of the bitcoin founder and some people such as Craig Wright has even self-proclaimed themselves to be Satoshi Nakamoto. A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto. Where in the world is Satoshi: The Countdown ends The website ran a countdown and also posted on their official twitter account claiming to know the real identity of the founder of bitcoin. Never imagined there would be so much interest in who I am. Can’t the idea speak for itself? Quoth the poet “Daring ideas are like chessmen moved forward: they may be beaten, but they may start a winning game” But if you insist on knowing – https://t.co/lyYHmE79Mx pic.twitter.com/T14mRnfK0u — gotsatoshi (@gotsatoshi) May 2, 2019 The countdown which ended just a few minutes back (from the time of publication) revealed a video which is actually marketing a news website called PaiNews. It seems that it was just another joke or a method of fooling and attracting traffic to the website. What are your thoughts on such lame jokes or methods of attracting traffic? Tell us in the comments section below. 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