Worldwide blog portal. All blogger free to publish articles

BITCOIN - WHAT IS A BITCOIN ?

WHAT IS A BITCOIN ?

Bitcoin is a internet money and its called cryptocurrency with a e-payment system in all over world without any approval of any government and owner.if you heard this name bitcoin you think about it if you dont know this,you think bit coin is a coin or currency note but its not.bitcoin is not a virtual currency or coins.its a internet money and bitcoin is created by Satoshi Nakamoto in 2009.


Bitcoin is anew kind of money by bitcoin e-payment system,you can send money in all over world without using paypal or western union money transfer. paypal and western union per transaction charge is 5P -30P but if you using bitcoin e-payment system than you can transfer money in all over world per transaction with a small fees and quickly get result without any doubt.


A bitcoin price 2,524.81 dollars  in 2017.a small part of bitcoin is called satoshi,bitcoin is not controlled by any government or any organization and any government and its growth like share market.




HOW TO MAKE MONEY BY BITCOIN-SELL AND PURCHASE ?

You heard about share market, there people buy shares rates is growth than they sell shared and make some profit by share market. You think about why i told you about share market because Bitcoin is like a share and Internet world is like share market place,there you can buy bitcoins and hold them or save them in your account for few months or years. When bitcoin rate is growth then you can sell and make money. If you not want to sell you bitcoin, then you want to purchase any product using your bitcoin, then you can purchase cars, gold, etc. By using bitcoin.


If you have a latest and powerful computer with GPU and high speed internet than you can will be a iomediator for verify world wide bitcoin transaction for this service you earn  in your account a new bitcoin in your e- wallet.


WHY I CAN TRANSACTION WORLDWIDE BY BITCOIN?

Bitcoin works on a e payment system like P2P transaction,if you purchase a bitcoin in your e wallet and you want to send this money to your friend or family member in world wide than you can fill a form and you can send money directly to your friend without any problem and fastly.

you think why bitcoin e-payment system works? if there are no mediator or organization works or controlled it.if you send money then a person who is connected world wide with a hitech computer for verification of a true transaction,that verify your transaction and complete process and he earn for this service a new bitcoin in his e wallet.




WHAT BITCOIN E-PAYMENT SYSTEM IS A SECURE TRANSACTION?

Bit coin e-payment system is not approved by any country government and its not controlled by any organization if you send money to a friend or family member world wide but your transaction or computer attacked buy malware or ransomer ware than you can miss your transaction and bitcoin 0 in your account because there are no organization works on it.

Sometime a bit coin transaction takes 1-30 days for a complete transaction because if you pay a small transaction fees than your transaction will be late processing and if you more fees then your transaction is last processing.

If you loss your password or your bitcoin e-wallet account is hacked then you can miss your bitcoin and there are no solution for your missed bitcoin recover in your e-wallet,so bitcoin is not secure e-wallet.


VALUE OF BITCOIN.


Bitcoin is a more valuable because its demand is growth world wide and its mines are limited,like if you buy gold and hold this for few years than gold rates is growth and its mines are limited than you can make more money.if you know value of bitcoin or gold than you know bitcoin is more valuable and few multimilenior because they invest more money in bitcoin like google,Bilgets ,Ambani,
Google etc.
In 2009 when bitcoin is created than no one know about bitcoin and any person don't want to buy a bit coin or invest  in money because they have a fear and its new money in the internet world.no one know this and no one trust this type of money.

When 1st time a visa is purchased by using bitcoin than bitcoin is highlighted and its demand is growth and some people want to purchase bitcoin.


BITCOIN SCOPE IN INDIA.

Bitcoin is not a authorized money by any country or any organization  and its transaction is not a authorized transaction.its only a internet money for this purpose RBI have noticed two time in conference no people in India buy bitcoin and no invest money in bit coin because its not secure and its will be hacked or malware affected and then you can loss your all money and if you buy or invest in bitcoin then its your responsibility your loss and profit.

Some people think about RBI notice for bitcoin is more demanded in India and all people use this type of e-money than Indian rupees and bit coin  compatible for  RBI, then who know what is RBI and RBI  have no works for controlling money because bitcoin is strong in India. but its wrong,they some people think wrong about RBI notice for bitcoin.RBI think about our secure invest and transaction,there are no loss of Indian people because our money is our.

           

0 Komentar untuk "BITCOIN - WHAT IS A BITCOIN ?"

Back To Top