Now you have an general information about BITCOIN that what is bitcoin after reading the previous post of this blog.Now we are going to tell that how to purchase and sell the bitcoin.Without wasting time let's start it...
Bitcoin network isn't controlled by one central authority.Every machines that mines bitcoin and the process of transaction makes up a part of the network and the machines work together.That means one central authority can't tinker with monetory policy and cause a meltdown.
You can setup an bank account on conventional banks which is a merchant banks for payment.You can also setup a bitcoin address in seconds without any questions and no fees chargeable.
Bitcoin is an currency which is completely transparent and itatores details of every single transactions that ever happened in that network in a huge version of general ledger which is also called as block chain
If you have publicly used bitcoin address then anyone can tell that how many BITCOINS stores in that address.so you must do that in privately because nowadays privacy is very important.
The big advantage of the bitcoin currency and transacting money from one account to another is there is no rules and regulations of government.You can send money anywhere and it will arrive minutes later as soon as bitcoin network process done with the payment.
Please remember that if you have transact your bitcoin or sent then you will not get back unless the recipients returns them to you.
You can buy BITCOINS and also mine the bitcoins which is a middle person of the transactions which is completely done by them.You can also sell them whenever you want and feel satisfy with profit or loss you have occured.Bitcoin is the currency which is not in stable.It is a currency where it fluctuating the price of the
bitcoin.Sometimes it may go higher or sometimes comes to downward.If bitcoins goes higher value then it is an advantage for the user who wants to sell them and if it comes downward then you can buy bitcoins which reduce the cost of bitcoin comparing to the actual value.
Its the newest and biggest threat to banking industry today.Y
Bitcoin network isn't controlled by one central authority.Every machines that mines bitcoin and the process of transaction makes up a part of the network and the machines work together.That means one central authority can't tinker with monetory policy and cause a meltdown.
You can setup an bank account on conventional banks which is a merchant banks for payment.You can also setup a bitcoin address in seconds without any questions and no fees chargeable.
Bitcoin is an currency which is completely transparent and itatores details of every single transactions that ever happened in that network in a huge version of general ledger which is also called as block chain
If you have publicly used bitcoin address then anyone can tell that how many BITCOINS stores in that address.so you must do that in privately because nowadays privacy is very important.
The big advantage of the bitcoin currency and transacting money from one account to another is there is no rules and regulations of government.You can send money anywhere and it will arrive minutes later as soon as bitcoin network process done with the payment.
Please remember that if you have transact your bitcoin or sent then you will not get back unless the recipients returns them to you.
You can buy BITCOINS and also mine the bitcoins which is a middle person of the transactions which is completely done by them.You can also sell them whenever you want and feel satisfy with profit or loss you have occured.Bitcoin is the currency which is not in stable.It is a currency where it fluctuating the price of the
Its the newest and biggest threat to banking industry today.Y
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Thank you for sharing this information.
ReplyDeleteCoinOrbisCap is the best user-friendly financial app who take digital currency seriously. Gives you quick access to crypto prices, market cap, coin chart, crypto news on over 1500 currencies.
Download here for FREE!!