Name : Bitcoin (BTC)
BTC Price : $96598.466 -3.7%
Consensus Mechanism : Proof of Work
Volume: 124,158,327,649
Market Cap: 1,912,532,450,365
Shariah Judgement
As of now, the projects provided by Bitcoin appear to be in accordance with Shariah principles.
Shariah Status : Yes
Last Screening: Q3 2024
Legitimacy:
Project:
Token:
Reward:
Shariah Status:
Yes
Risk Analysis
Shariah
Legitimacy
People
In-Depth Analysis
Shariah Analysis
| Project/Products | Use Case | Status |
|---|---|---|
| Cryptocurrency | The first implementation of the concept of cryptocurrency. | Passed |
| Consensus Network | Enables a new payment system and a completely digital currency. | Passed |
| Openly Published Protocol | The Bitcoin protocol and software are openly published, allowing developers worldwide to review and modify the code. | Passed |
| Public Ledger (Blockchain) | Transactions are recorded in a public ledger called the blockchain, allowing verification and control of transactions by users. | Passed |
| Use Case | Status |
|---|---|
| Bitcoin can be used for online transactions, enabling secure and direct payments for various goods and services. | Passed |
| Bitcoin is accepted as a payment method in physical stores, allowing users to make purchases using their digital wallets. | Passed |
| Bitcoins possess characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on mathematical properties, making them a legitimate form of currency. | Passed |
| As a decentralized digital currency, Bitcoin can act as a store of value, similar to traditional assets like gold and silver. | Passed |
| Bitcoin allows for borderless transactions, facilitating international payments without the need for currency conversions. | Passed |
| System | Status | Interpretation |
|---|---|---|
| Mining Rewards | Passed | Bitcoin miners earn transaction fees paid by users for faster transaction processing. These fees are voluntarily included by users to prioritize their transactions on the network. |
Legitimacy Analysis
| Details | Status | |
|---|---|---|
| Whitepaper | Bitcoin provided a whitepaper and other detailed documents containing clear information about its projects. | Passed |
| Project | Bitcoin's project is considered legitimate due to its robust technology, secure protocol, and extensive distributed computing network, with vulnerabilities primarily stemming from user error. | Passed |
Additional Information : Bitcoin is currently listed as digital assets up for trading on Recognized Market Operators approved by the Securities Commission of Malaysia to operate a Digital Asset Exchange.
People Analysis
| Details | Status | |
|---|---|---|
| Team | The Bitcoin team originally consisted of Satoshi Nakamoto and Martti Malmi, who registered and owned the Bitcoin.org domain. After Nakamoto's departure, ownership was distributed to other individuals outside the core development team to ensure decentralization and prevent centralized control over the Bitcoin project. | Passed |
Trading Signals
Moving Average (Short Term)
Weak
Moving Average (Mid Term)
Strong
Moving Average (Long Term)
Strong
Exponential Moving Average (Short Term)
Weak
Exponential Moving Average (Mid Term)
Strong
Exponential Moving Average (Long Term)
Strong
Bollinger Band
Weak
Williams %R
Neutral
Relative Vigor Index
Strong
Money Flow Index
Neutral
Chaikin Oscillator
Weak
Aroon
Strong
Klinger Oscillator
Weak
Chande Kroll Stop
Weak
Moving Average Convergence/ Divergence
Weak
Relative Strength Index
Weak
Stochastic
Weak
Parabolic SAR
Weak
Average Directional Index
Weak
Ichimoku Cloud
Neutral
Average True Range
Strong
Commodity Channel Index
Neutral
On-Balance Volume
Strong
Volume Weighted Average Price
Neutral
Keltner Channel
Neutral
Dochian Channel
Neutral
Choppiness Index
Neutral
Ergodic Oscillator
Strong
Ease of Movement
Weak
Ultimate Oscillator
Neutral
Elder Force Index
Weak
Connors RSI
Neutral
Rate of Change
Weak
Chande Momentum Oscillator
Neutral
Triple Exponential Average
Weak
Know Sure Thing
Weak
Detrended Price Oscillator
Strong
Moving Average Envelope
Neutral
Coppock Curve
Weak
Vortex Indicator
Weak
Schaff Trend Cycle
Weak
Elder Impulse System
Weak
Pivot Points
Support 2
90086.28
Support 1
93921.11
Pivot Point
96010.01
Resistance 1
99844.84
Resistance 2
101933.74
Support & Resistances
Support 2
95652.47
Support 1
95865.3
Last Price
97755.93
Resistance 1
106140.6
Resistance 2
106029.72
Overview
Bitcoin is a decentralized peer-to-peer digital payment system, known as the first cryptocurrency. It operates on a consensus network, enabling secure and transparent transactions without the need for central authorities. The blockchain ledger records all transactions, giving users full control over their funds. Bitcoin's open-source nature allows anyone to review and modify the protocol. While not anonymous, it offers acceptable privacy and can be used for various payments, resembling virtual credit cards and online banking systems.
Whitepaper & Documents
Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .
COMMENTS
3 Comments
owe lo
5 months agoIn late 2023 I was desperately looking for where to invest my money which I just received for my pension. So I went and did some research and I found a few of them and I invested into the company and my profit was very fair and I was happy. Then time came for me to withdraw my money, they started coming up with more ways to take more money from me so i was now suspecting them, then i reached out to Mrs. Roberts helped me dig deep into this company and I found out they scammed me. then i felt like I could die at any moment but Mrs. Robert reassured me that the money could be recovered if only I still had the account and proof that I made payment to them. Now am very happy because Mrs. Roberts did as she promised and helped me recover the money..
Email""" robertslee618 @ gm ail . com
Call/WhatsApp""" +1 8 5 6 5 4 9 7 4 6 9
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Solomon Girma
1 year agoBIUS
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M.Anas
1 year agoAlhamdulillah,Clear explaination
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