what is it, in simple words crypto currency Bitcoin is not dependent on gold and oil

in #bitcoin7 years ago


rypto currency is a decentralized digital currency of a new generation, which is created and operates exclusively in the world wide web - the Internet.

No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of Bitcoin.

The form of the purse may be different, but for each of them four options are possible: PC, mobile, online and hardware Bitcoin purse. To gain access to Bitcoins, you need to have a Bitcoin purse. It can be anything - at least a paper sheet, though the software is written on a flash drive and heaped up with a mass of protective functions.The main function of the Bitcoin purse is the security of the secret (private) key necessary to access the Bitcoin address, that is, directly to the means. It goes without saying that its reliable protection is extremely important.

Today, the price of bitcoin has broken all records. The day of quotation of the crypto currency ended with its take-off by another 6%, as a result of which the historical maximum was updated to $ 4600.

This was mainly due to geopolitics. When the DPRK launched a missile and it crossed Japanese territory, investors needed a safe haven of safe assets. To such, they just include bitcoin along with other crypto-currencies.

The most active in this were the Japanese and South Koreans. Ether also increased by about 6%. The result of capitalization in the crypto currency market is more than $ 160 billion. Coinmarketcap accounts 853 crypto-currencies, 11 of which amount to more than $ 1 billion. Leading, of course, Bitcoin - $ 73.735 billion. It is followed by Ethereum - $ 34.067 billion and further Bitcoin Cash - $ 9.612 billion

Crypto currency differs from ordinary electric means in that in order for ordinary funds to appear on the electronic account, they must be entered through the terminal.

Crypto currency is not connected in any way with any other currency. If to speak in simple words, then the crypto currency is electronic money.

ADbtc - a new system for the Bitcoins salary. Both manually and automatically.

This website allows you to earn a large number of bitcoins. The essence of the advertising itself. Internet advertising is becoming more popular, and now you have the opportunity to receive money for it.

At the moment, the size of Bitcoin transactions includes more than 285 million US dollars per day.

The same effective tool in the coming era of crypto currency is bitcoin cranes. It's all sorts of resources-distributing bitcoins to own guests, living at the expense of advertising.

The rate of the Crypto-currency is not tied to either oil or gold. The only factor raising in price, say, bitcoin is limited emission and an increase or decrease in demand: the number of bitcoins is limited. Compare it can be with such a useful mineral as platinum - the amount of material in the world is limited, and artificially it can not be created.

The main advantage of crypto currency is impossibility of forgery. However, financial experts continue to reiterate the riskiness of such investments, and many states continue to prohibit transactions with crypto-currencies in their official markets. Russia is no exception.

The central bank mostly embarrasses the course of the crypto-currency, which can not be foreseen, and the lack of concepts that would give the right to regulate bitcoins and ethereums, because they are not similar to ordinary currencies, and they can not be called property in the full sense of the word. Also, the domestic regulator does not like the inability to control the Crypto currency. However, the trends of modern economy make the authorities think about legalizing electronic money.

According to preliminary data, in Russia it will be possible to make deals with the crypto-currency at the official level only to established investors on exchanges, the crypto-currency itself is equated with the concept of "other property", and the owners of capitals in crypto-currencies will be forced to declare the digital currency. The big question is also the security - criminals are often used by criminals for money laundering.

After a series of publications in the mass media at the beginning of the year and news that the courses of the crypto-currency in a geometric progression went up, some Nizhny Novgorod people began to think about earning money on electronic money. More precisely, about their production and sale. You can obtain crypto currency at home in several ways: mining - independent extraction, forging - financing of miners, as well as ordinary purchase through the exchange of crypto-currencies.

If you, by all means, want to take a couple of bitcoins or at least an etherium, while trying to make at least something, the direct way for you is the stock exchange. Exchange crypto currency operates approximately the same way as conventional exchanges.

The key difference in these sites is that if a person can not get on a regular stock exchange without a broker, then you can trade on the crypto-exchange market without involving other people. The remaining steps are similar: register, create an account in a specific currency quoted on a particular exchange, and you can already make transactions.

The main thing to remember is there are two types of crypto-exchange exchanges, Itartass-sib reports. On some, crypto-currencies are bought and sold for "live" money - dollars, euros, pounds and even rubles, on others - for electronic money. The latter act as a currency exchange, in which bitcoins can be exchanged for aetheria (or other crypto currency) at the current exchange rate online and at the same time earn extra money (or vice versa go bankrupt).
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This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

excellent post.

This post has received a 3.88 % upvote from @booster thanks to: @hamzayousaf.

Very nice post upvoted and resteem for you

This post has received a -16.67 % downvote from @meanpeoplesuck thanks to: @blacklist-a.

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