What Is Bitcoin?Everything You Want To Know About Bitcoin
Bitcoin becomes alternative payment method because it is a digital money currency.We will tell you everything you want to know about Bitcoin on this article.Bitcoin become famous because of online use. At the least there are lots of argument and lawful situtations at this point but some of the well known big companies support Bitcoin.After uncovering founder of Bitcoin and online PC game site Steam’s Bitcoin acception Bitcoin become main topic on the internet again.And we will discuss wondering things about Bitcoin.
What Is Bitcoin?
First online use of Bitcoin has been started by Satoshi Nakamoto in 2008.Bitcoin is not depend on any other payment method also there is no center for Bitcoin too.Satoshi Nakamoto is not a real founder of Bitcoin a short time ago austrlian Craig Wright uncover himself and told that Satoshi Nakamoto is a fake name that he had been used since 2008.Bitcoin payments are completed without any intermediary,directly betweens two sides.As a result there is no owner or any power could change Bitcoin.
When you talk about Bitcoin first thing on people’s mind is mining production.Last couple of years some of the users want to produce Bitcoin and they invest high amount of money to display card to make mining and they completed mining production.But nowadays it is not that easy.There is a engine is produced only for Bitcoin production and to buy them and create this type of production centres are cost a lot because of that producing Bitcoin is expensive and hard thing to do.If you calculate it is eletrical cost and other costs you will know that this is not a easy investment.Another production is cloud minin type of production.That means you will pay a company who already make Bitcoin production for some period of time for example three or six months.Than you will get profit from your investment.You must choose a correct company at this point because if company shut down or go bankrupt you will löse your investments.
How To Use Bitcoin?
First of all you must create online wallet id from one of the Bitcoin website.It depends on you,you could create lots of wallet id.Also all online payment transactions make to your wallet id.It is like IBAN number.You could use Bitcoin already buy or get from minin production.You can use Bitcoin some of the popular online shopping websites like Steam.
How Does Bitcoin Price Fluctate?
As we told there is no any power or centre that could manage or change Bitcoin’s value.Price fluctate and all changes depends to supply and demand.It is like usual economic situtaions.If supply is increasing price will be increased,if supply is decreasing price will be decreased.We clearly said that after supply decrease of Bitcoin last couple of years it starts to increase again.Another important thing about Bitcoin investment is like investment for Euro or USD.When Euro or USD decreased people buy more Euro or USD for investment this what people do for Bitcoin investment.Also Bitcoin price could change within today so if you buy Bitcoin from low prices you could get profit on the same day.
How Secure Are Bitcoins?
Economic experts praise Bitcoin because it is digital money currency,it is not produced by banks,there is no power that could get your account(like expropriate or similar things) Only danger thing for online payment methods is cyber attacks.The market value of Bitcoin is over 6,5 billion because of that it is great potential for cyber attacks or robbery.For example one of the Bitcoin company Bitstamp’s account s been stolen couple years ago.There are 5 million USD stolen.Another example is Chinese Bitcoin company Bter hass been hacked and 1,75 billion USD are stolen.
How People Trust Buy Or Sale Millions Of Dollar Online?
You must be careful for viruses and emails come from unknown accounts.You must use password for your Bitcoin Wallet also you must make your computer safe.You could not get any transaction you already made.Please choose well known and secure platforms.
Future Of Bitcoin?
Online customers choose Bitcoin to buy products online.It is usefull for online transactions.Lots of company direct their customers using Bitcoin. There are lots of different digital payment methods but Bitcoin is the most important one and lots of trational sellers choose Bitcoin too.First guess about Bitcoin future is;it will cost 21 million number.Because of that it’s usage area keep increasing.If we have to give some examples for that;popular online shopping website overstock have been accept Bitcoin since 2013.Another website that accept Bitcoin as a payment method is Bitcoinshop.American clothing brand Cory Vines accepts Bitcoin that makes customers buy products more easily.Let’s talk about Ebay.In 2013 value of Bitcoin is over 1000 USD because of that governments aroused interesting about Bitcoin.Central banks of France and China make a statement that they don’t recognize Bitcoin.At this point there were different things happen.Ebay made a statement different than France and China also president of paypal David Marcus told that they are believers of Btc.England make another changes to customers.You could sale digital money on Ebay below advertisement section. After this development Ebay could sell more products for customers who want to buy with digital money.Only thing you must do is enter Ebay,Virtual Currency section and sale your digital money there.Similar statements came from Norway and Finland Central Banks.They told that they were not recognize Bitcoin.After all these statements we will see how Bitcoin is future will be figured out.