MicroStrategy starts the year with another Bitcoin purchase. It’s not stopping there

Bitcoin is the world’s leading cryptocurrency. Blockchain is a peer-to-peer currency and transaction system based on a decentralized public ledger book that records all transactions.

Now bitcoin was predicted by Satoshi Nakamoto in 2008, but it was the product of decades of research on cryptography and blockchain and not just the work of a boy. It was a utopian dream of cryptographers and proponents of free trade to have a decentralized currency without limits based on the blockchain. Their dream is a reality with the growing popularity of bitcoin and other altcoin around the world.

Now cryptocurrency was first spread over a blockchain based on consensus in 2009 and traded for the first time in the same year. In July 2010, the price of bitcoin was 8 cents and the number of miners and nodes was relatively lower right now compared to the number of tens of thousands.

Within a year, the new alternative currency had risen to $ 1 and was becoming an interesting option for the future. Mining was pretty easy and people made good money by doing trades and in some cases even paying for it.

Six months later, the currency doubled again to $ 2. Although the price of Bitcoin is not stable at a certain price point, it has been showing this pattern of crazy growth for a long time. In July 2011, at one point, the coin went crazy and reached a price point of $ 31, but the market soon realized that it was overvalued compared to its profits on the ground and headed for $ 2.

It was a good rise in December 2012 to $ 13, but soon the price would explode. Within four months of April 2013, the price had risen to a staggering $ 266. He later directed himself back to $ 100, but this astronomical rise in price made him famous for the first time and people started discussing a real-world scenario with Bitcoin.

It was at this time that I discovered the new currency. I had my doubts but as I read more, it became increasingly clear that the currency was the future because it did not have to be manipulated or imposed by anyone. Everything had to be done by consensus and that was what made him so strong and free.

So 2013 was a year of money advancement. Large companies began to publicly support bitcoin, and the blockchain became a popular topic for computer programs. Many people then thought that bitcoin had fulfilled its purpose and would now be established.

But, the currency became even more popular, bitcoin ATMs were set up all over the world, and other competitors began to flex their muscles in different corners of the market. Ethereum developed the first programmable blockchain and started with Litecoin and Ripple as a cheaper and faster alternative to bitcoin.

The $ 1,000 magic figure was first breached in January 2017 and has quadrupled since September. It’s a really remarkable achievement for a coin that cost just 8 cents at just seven years old.

Bitcoin survived a hard fork on August 1, 2017, and has risen nearly 70% since then, while bitcoin forks have also had some success. All of this is due to the appeal of the coin and star blockchain technology behind it.

Although traditional economists say that the bubble is a bubble and that the whole world of cryptography would fall apart, this is not the case. There is no such bubble, as can be seen, because it has eaten the shares of fiat currency and money transaction corporations.

The future is bright for bitcoin and it is never too late to invest, both in the short and long term.

Now one of the main concerns is to make sure our files are secure and that no one can change that file and make sure they have more Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.) than their actual addresses.

That’s where “mining” comes in as the only solution.

Basically, we have a network that sends the file to thousands of “rubber stampers” to sign the authenticity of the transaction, thus verifying that everything is genuine and validating the transfer. As a result, the sender can spend his Bitcoin and ultimately be able to receive it without any worries.

Now that this is the beginning of human nature, we need to compensate people (or miners) for their time and effort in verifying all of these transactions (there is also an energy cost to consider). After all, why not share it with everyone, and this leads us to “Bitcoin Miners”.

Have you seen my comment above, “After all, why not share it with everyone,” welcome to XXI. century and the world of cryptocurrencies! After all, we are cutting the middle man (the bankers and, ultimately, the government). So “miners” are compensated with Bitcoins through the blockchain to ensure that all transactions are genuine, so there is no middle ground between manipulating the currency. transaction, how is it for an amazing deal?

So now you have a decentralized currency (without government manipulation or interference and that’s all that matters) that thousands of miners care about, and arguably receive a small fee, but they’re verifying the validity and honesty of all those transactions.

That is the XXI. money for the century and beyond.

Now, transactions are covered, but where do I store my Bitcoin?

That’s where the wallet comes in.

You simply have a unique bitcoin code, this code can be used to send bitcoins so that anyone can see and view it for transactions across the bitcoin environment.

So where do I store my bitcoins?

In the same place where you store your money (if you use a wallet) this is only a Bitcoin (cryptocurrency) wallet.

All you have to do is set up an exclusive address where you can store your bitcoins (cryptocurrencies) and go to this address to access how much bitcoin you currently have. This program is accessed online with email and password.

Okay, this is a simple explanation, I need to go into more detail in the next article.

For virtual currency investors, the most important question is whether this round of rising currency prices is a resurgence of the bull market or a trap for the bear market.

Yesterday evening, Bitcoin rose in price in a single hour. The price rose to a maximum of $ 8,100 from the $ 6,800 violence. It rose by almost 20% during the day. Under the guidance of Bitcoin, other virtual currencies also bounced back, with single-currency gains exceeding 50%. Faced with the collective warming of the virtual currency market, many investors shouted “the bull market is back”.

According to data from the CoinMarketCap website, the market value of Bitcoin increased by almost $ 20 billion in one day, and the entire virtual currency market experienced an overall growth of the market. There was no “search” effect. With the daily transaction volume of Bitcoin, more than US $ 9 billion, billions of additional funds should have entered the market yesterday instead of equity funds.

In fact, during the rise of Bitcoin, Bitfinex, a digital currency trading platform, also recorded a large number of purchases. With the rise in buying bitcoins, many shorts were forced to close their positions, further widening the upward trend of the market. Nick Kirk, data director at Cypher Capital, also expressed approval for the phenomenon. At the same time, he believes that this sharp rebound is likely to be a response to the release of early regulatory pressures.

Pantera Capital Management, one of the largest hedge funds for digital currency, said Bitcoin has hit rock bottom. The US $ 6,500 is a low point for the Bitcoin bear market. Bitcoin will be above that price for most of this year and may even surpass the US $ 20,000 record last year.

Founder Tom Lee Fundstrat also expressed confidence in Bitcoin. He believes that the current Bitcoin P / B ratio and other indicators are almost the same as at the end of the 2014 bear market, and has completed a major technical correction. Based on that, he noted that the value of Bitcoin could rise more than threefold this year to $ 25,000 by the end of this year.

Historical data shows that Bitcoin rose in the second quarter of the calendar year. In the second quarter of 2011, Bitcoin rose by 1964%, 36.25% in 2012 … 61.98% in 2016 and 131% in 2017.

Of course, the volume of Bitcoin OTC also shows signs of market recovery. Since March, Bitcoin trading volumes have risen and reached record highs in Canada, Europe, Vietnam, Mexico and Vietnam.

With the huge approval of the giant Soros hedge fund and the financial groups of the major Rockefeller families, the financial size of the virtual money market will expand further.

However, it is worth noting that although Bitcoin is currently on the rise, it is still in a downward trend channel and has not yet been effectively broken. It remains to be seen whether the virtual currency market has actually been overthrown. Investors should always be vigilant and pay attention to position management.

More importantly, the world’s major Bitcoin markets, including the United States, have sought to establish regulatory frameworks. Uncertainty of regulation will inevitably have a greater impact on the short-term development of the virtual currency market. In the long run, an orderly and healthy market can go further.

Bitcoin (BTC) is a new type of digital currency with cryptographic keys, decentralized in a computer network used by users and miners around the world, and not controlled by a single organization or government. It is the first digital currency to attract public attention and is being accepted by more and more merchants. Like other currencies, users can use digital currency to purchase goods and services online, as well as in some physical stores that accept payment as a method of payment. Currency traders can also exchange Bitcoins in exchange.

There are some major differences between Bitcoin and traditional currencies (such as the US dollar):

1. Bitcoin does not have a centralized authority or clearing house (e.g. government, central bank, MasterCard or Visa network). The peer-to-peer payment network is managed by users and miners around the world. The currency is transferred anonymously directly between users via the Internet without going through a clearing house. This means that transaction fees are much lower.
2. Bitcoin is created through a process called “Bitcoin mining”. Miners around the world use mining software and computers to solve complex bitcoin algorithms and accept Bitcoin transactions. Transaction fees and Bitcoin algorithms are rewarded with new Bitcoin generated by solving.
3. There is a limited amount of bitcoins in circulation. According to Blockchain, as of December 20, 2013, there were about 12.1 million in circulation. The difficulty of mining Bitcoin (solving algorithms) becomes more difficult as more Bitcoin is generated, and the maximum number in circulation is limited to 21 million. The limit will not be reached until approximately 2140. This makes Bitcoins more valuable as more people use them.
4. A public book called ‘Blockchain’ records all Bitcoin transactions and shows the properties of each Bitcoin owner. Anyone can access the public registry to verify transactions. This makes digital currency more transparent and predictable. More importantly, transparency prevents fraud and double spending on equal Bitcoins.
5. Digital currency can be obtained through Bitcoin mining or Bitcoin exchanges.
6. Digital currency is supported by a limited number of online merchants and some bricklayers.
7. Bitcoin wallets (similar to Paypal accounts) are used to store Bitcoins, private keys and public addresses, as well as to transfer Bitcoins between users anonymously.
8. Bitcoin is not insured and is not backed by government agencies. Therefore, secret keys cannot be retrieved if they are stolen by a hacker or lost on a failed hard drive or by closing a Bitcoin exchange. If key secrets are lost, related Bitcoin cannot be recovered and would be out of circulation. Visit this link for a frequently asked question in Bitcoins.

I believe that Bitcoin will gain greater public acceptance because users can remain anonymous while buying goods and services online, transaction fees are much lower than credit card payment networks; a public textbook is available to anyone that can be used to prevent fraud; the money supply is limited to 21 million, and the payment network is managed by users and miners instead of a central authority.

However, I don’t think it’s a great investment tool because it’s very volatile and not very stable. For example, the price of bitcoin rose from around $ 14 to a peak of $ 1,200 USD this year, before falling to $ 632 per BTC at the time of writing.

Bitcoin rose this year as investors speculated that it would gain greater currency acceptance and the price would rise. In December, the currency fell by 50% due to the announcement by BTC China (China’s largest Bitcoin operator) that it could not accept new deposits due to government regulations. And according to Bloomberg, China’s central bank has banned financial institutions and payment companies from managing bitcoin transactions.

Bitcoin will gain more public acceptance over time, but its price is highly volatile and very sensitive to news that could adversely affect the currency, such as government regulations and restrictions.

Therefore, I do not recommend investors to invest in Bitcoins unless they buy less than $ 10 USD per BTC, as this would allow. much longer safety margin.

Otherwise, I think it’s much better to invest in stocks with strong foundations, as well as great business opportunities and management teams, because the underlying companies have their own values ​​and are more predictable.

Disclosure: Victor Liang has no position in Bitcoins and has no plans to change his position in the next 72 hours.

Nowadays, if you want to make a lot of money with Bitcoin, your best bet is to go for trading instead of investing. All you have to do is buy and sell your coins and earn a small amount of money after each sale. If you are just starting out, you need to start from scratch. If you play the game well, you can earn a lot of money in a short amount of time. In this article, we have some tips to help you enjoy a successful cryptocurrency trading career. Read on to find out more.

There are many important things to consider if you are interested in making money in exchange for Bitcoin. It’s all about your experience and intelligence. Without further ado, let’s take a look at some tips to help you make a lot of money and avoid some common mistakes.

1. Know the Risk First

This is one of the most common mistakes most traders make. If you don’t know the dangers of this trade, you shouldn’t go on this adventure. If you are not aware of the challenges, you may lose a lot of money.

Before you invest your hard-earned money, you may want to evaluate the risk. So this is one of the most important things to consider.

2. Diversify your investment

When it comes to Bitcoin trading, we encourage you to diversify your investment. This applies to all types of investments. In other words, if you only want to invest in Bitcoin, you will make a mistake. Also, you need to invest your money wisely in other cryptocurrencies.

This is important if you want to stay safe and reduce your losses and make a profit.

3. Be Patient

Money does not grow on trees. All traders enter the world of cryptocurrency to make money. However, you cannot earn money immediately after purchasing the cryptocurrency you want. And then there is no guarantee that you will continue to make a profit throughout your career. Therefore, you may be prepared to deal with this type of situation.

4. Don’t be greedy

Lastly, it is important to stay away from greed, as this is your biggest enemy when it comes to trading cryptocurrencies. As Bitcoin prices continue to change, you need to be patient. It’s not a good idea to be afraid of ups and downs and sell your coins right away. So if you don’t have the patience, you can’t succeed in your career as a marketer.

Summary

In short, these are some of the most helpful tips you can try if you want to succeed as a cryptocurrency trader. If you play the game well, you can make a lot of money in a couple of years if not months.

Bitcoin Cryptocurrency is making a splash all over the world, whether it’s on the internet or in any media. It’s one of the most exciting and crazy things that has ever happened in recent years. More importantly, you can get a huge return on your bitcoins trade or keep it for the long term.

You may have heard about stocks, commodities, forex, and now a new currency called Bitcoin trading, which has a big impact on our lives. In this beginner’s guide to Bitcoin cryptocurrencies, you’ll learn about the ABCs of Bitcoin.

About Bitcoin Cryptocurrency

The emergence of Bitcoin is not yet known, but a paper was published in October 2008 from Japan under the pseudonym Satoshi Nakamoto. His identity is still unknown and he is believed to have about one billion bitcoins worth more than $ 6 billion since September 2017.

Bitcoin is a digital currency known as a cryptocurrency and is free of any geographical restrictions. It is not regulated by any government and all you need is an internet connection. As a beginner, Bitcoin technology can get confused and it’s a little hard to know about it. However, I will help you go deeper and see how you can make your first Bitcoin trade easy.

Bitcoin Cryptocurrency is a blockchain technology that is a public digital book and shared by anyone in the world. You can find your transactions here every time you trade in Bitcoin and anyone can use it to check the book. The transaction will be completely transparent and verified via blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and are a wonderful technology that only runs on the Internet.

Key Requirements Related to Bitcoin Cryptocurrency

Before you are ready to become the first Bitcoin owner, it is best to know the key terms related to bitcoins. It is also called BTC as a part of Bitcoin and 1 bitcoin is the same as 1 Million bits. With the advent of Bitcoins, other alternative cryptocurrencies also evolved. They are called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.

XBT and BTC are the same thing and usually an abbreviation for bitcoin. Mining is another widely used term and is actually a process by computer hardware for Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, accept and store Bitcoin. You can send it to your friends, ask a friend, and save it to your digital wallet. Although, you can now charge your mobile / DTH directly by paying via bitcoin.

The transaction cost is low compared to PayPal, Credit Cards, and other online intermediaries. In addition, using your credit card protects your privacy from being leaked on the Internet. It is very safe and no one can steal or steal coins. Due to its transparency in the system, it cannot be manipulated due to the shared public textbook. You can check the transaction from anywhere, anytime.

It is likely that demand will rise as the total production of bitcoins will be limited to only 21 million. Japan has already legalized it and other countries may soon follow suit and the price may rise further.

In the coming days I will explain more about Bitcoins, where you will learn great things about bitcoin trading. You can comment on your opinions and ask about anything important with bitcoins.

If you found Bitcoin Cryptocurrency a useful guide for beginners, please share and enjoy it on social media.

Bitcoin is a relatively new type of currency that has just begun to play in the major markets.

Critics say that using Bitcoins is not safe because –

• They have no real value

• They are not regulated

• They can be used for illegal transactions

However, all the major players in the market are talking about Bitcoins. Below are some good reasons to use this cryptocurrency.

Fast Payments – When payments are made using banks, the transaction takes a few days, and the wire transfer takes a long time. On the other hand, Bitcoin transactions in virtual currency are generally faster.

“Zero-affirmation” transactions are immediate, where the trader accepts the risk, which is not yet supported by the Bitcoin blockchain. If the merchant needs approval, the transaction takes 10 minutes. This is much faster than any bank transfer.

Cheap – Credit or debit card transactions are immediate, but you are charged a fee for using this privilege. In Bitcoin transactions, the fees are usually low, and in some cases, it’s free.

No one can remove it – Bitcoin is decentralized, so no central authority can deduct a percentage of your deposits.

No refunds – Once you exchange Bitcoins, they disappear. You cannot recover them without the consent of the recipient. This makes it difficult for people with credit cards to commit fraud in return for the charges they often face.

People buy the goods and if they see the defect, they contact the credit card agency to make a refund, returning the transaction efficiently. It is done by your credit card company and charges you an expensive $ 5- $ 15 chargeback.

Secure personal data – They steal credit card numbers from online payments. A Bitcoin transaction does not require any personal data. You will need to combine your private key and Bitcoin key together to complete a transaction.

You need to make sure that your private key is not accessed by strangers.

Non-inflationary – The Federal Reserve prints more dollars each time the economy is sputtering. The newly created government injects money into the economy, causing a reduction in the value of the currency, causing inflation. Inflation reduces people’s ability to buy things because the price of goods goes up.

Bitcoins supply is limited. The Bitcoins system was designed to stop further mining by reaching 21 million. This means that inflation will not be a problem, but will deflate, where commodity prices will fall.

Semi-anonymous operations – Bitcoin is relatively private, but transparent. The Bitcoin address is shown in the blockchain. Everyone can look in your wallet, but your name will be invisible.

Easy micro payments – Bitcoins allow you to make micro-payments like 22 cents for free.

Fiat currency substitutes – Bitcoins are a good option for national currencies that suffer from capital controls and have high inflation.

Bitcoin is becoming legal – Major institutions such as the Bank of England and the Fed have decided to take Bitcoins for trading. Bitcoin outlets like Reditt, Pizza Chains, WordPress, Baidu and many other small businesses now support Bitcoin payments. Many binary trading and Forex brokers also allow you to trade with Bitcoin.

Bitcoin is a pioneer of the new era of cryptocurrency, a technology that gives you a look at the currency of the future.