BITCOINS AND CRYPTOCURRECY QUESTIONS ANSWERD IN THE MOST SIMPLE WAY POSSIBLE

-
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.






Comments

Post a Comment

Popular posts from this blog

how to build your self discipline

-
WAKE UP. 5 MINUTES MORE MA. and that 5minutes lasted for another 1 hour. Not only student but its a story of most of the people on earth,lack of self discipline. is it ok? no, absolutly not, but it does not cost me anything. yes it does, how to overcome it it? its not easy, but trust me you can do it so first of all lets see what causes lack of self discipline. LACK OF MOTIVATION. yes it is the root of all the problems how can you restore it? 1.SET A GOAL goals can help u to navigate through all the things that you have to do and set priorities to the fly. 2.DIVIDE THE TASK IN SMALL PARTS It helps you to manage your task more accuratly breaking the task into pieces can help you to give yourself more challenges in number of small packagess. 3.SET A SPECIFIC CHALLENGE CHART when you are creating your challenges make sure they are smart or more precisely achieveble. specific measureble attainable relevant timely that's all it needs to create a smart ch...
Read more

TOP TEN HOLLYWOOD MOVIES OF ALL TIME

-
Image
who does not love a hollywood movie? But there are  millions of them in the archives. so how to know the best of the best hollywood movies of all time. well you asked I served here are the top ten hollywood movies of all time 1- THE GODFATHER TRIOLOGY :Al pacino,Marlon brando : directed by Francis Ford Coppola Probably the greatest American films of the 20th century, The Godfather, directed by the legendary Francis Ford Coppola and based off of the novel of the same title by mario puzo.  Since its release in theaters in 1972, it has garnered a cult following among fans which led to ‘The Godfather’ becoming a trilogy with Parts Two and Three both released in following years. Because of its significance culturally and historically, the Library of Congress preserved it in the United States National Film Registry in 1990. Because of its success at the box office and with film critics alike, ‘The Godfather’ garnered many Academy Award nominations and  won fo...
Read more