BITCOINS AND CRYPTOCURRECY QUESTIONS ANSWERD IN THE MOST SIMPLE WAY POSSIBLE

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image source- google
"IT'S LIKE A BALOON ,IT WILL BURST"-

     how many of us heard this term when we put up the topic CRYPTOCURRENCY or more 
precisely speaking BITCOINS?

SO WHAT IS CRYPTOCURRENCY ANYWAY?

cryptocurrency is a digital assets which are secured by usage of cryptography or simply just DIGITAL-MONEY.It  does not have tangible form,it only have digital shape.Most important feature of this currency is it does not need a third party as in banks to operate
or market transaction.Instead the transaction becomes a part of blockchain that validates as a proof that the transaction actually occurred.


WHAT IS A BLOCK-CHAIN?
block chain is a series of compiled block.every 2nd block bears the the connection from the 1st block.thats how you can back track each and evry transaction occured from the starting day.

 How many types of cryptocurrency's are there in market?
image source - google

BITCOIN
YEAR CREATED-2009

EUTHREUM
YEAR CREATED- 2015
  
LITECOIN
 YEAR CREATED -2011

PEERCOIN
 YEAR CREATED-2012

RIPPLE
 YEAR CREATED-2013

WHAT IS ALL THIS FUSS ABOUT BITCOINS NOW A DAYS?
 Created in 2009,by the mysterious Satoshi nakamoto whose true identity has yet to be verified.Bitcoins promises of lower transaction fees than traditional online payment,and its operated by a decentralized authority not like the government issued currencies. present market cap for bitcoin exceeds several billion dollars.Using bitcoins for transaction is considered clean and simple ,there are no middle man gaining profit from your transaction.

 HOW DO YOU BUY AND USE BITCOIN?
There are plenty of bitcoin wallet on the market where you can buy them and store it ,there are multiple bitcoin wallet where you can buy and sell bitcoins, most popular among them are

Zebpay

Unocoin

u can register here and buying selling of bitcoins will be easier than ever.

NOW SHOULD YOU BUY BITCOINS?
 Now here is the real question, should you buy bitcoins from your hard-earned money?

IF YES THEN WHY?

image source  - google
1.ITS TRENDING AND HOT for serious traders its making a lot of money.If you had bought just $100 worth in May 2010, when someone bought two pizzas for 10,000 bitcoin, you’d have coin worth $72.9 million today.

2.BITCOIN IS MOST LIQUID of all the crypto currency in the market rightnow.

IF NO THEN WHY?

image source -google
1.ITS UNSTABLE what rises quickly can fall quickly, so beware

2.ITS NOT REAL bitcoin is a mathematical algorithm, not something you can hold in your hand. Its value is based entirely on your trust in the math, the exchange and the willingness of the market to accept.

 WHATS THE FUTURE OF IT?

No one really knows what the future holds for Bitcoin and the other types of crypto currency.  No matter what, the evolution of crypto currency as well as the block chain will present amazing challenges and opportunities not only in the financial, technical, and legal markets, but almost every other industry as well.  Buyers are advised to to take expert's help before investing in it.Anyone interested in potential “game changers” would be very wise to spend some time learning more about it.






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