What is Bitcoin?
If you are here, you have heard about Bitcoin. It has been one of the largest frequent news holders in the last year, as a rich quick scheme, the end of finance, the birth of the truly international currency, as the end of the world, or as a technology that has improved. the world. But what is Bitcoin?
In summary, you could say that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful for digging a little deeper.
We all know, in general, what ‘money’ is and why it is used. The most important problem that witnessed money use before Bitcoin is related to it centralized and controlled by a single entity: the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator that passes through the pseudonym ‘Satoshi Nakamoto’ to take decentralization to money on a global scale. The idea is that the currency can be changed through international lines without difficulty or rates, controls and balances will be distributed throughout the world (instead of only in the literal of private corporations or governments), and the money would become more democratic and equally accessible to all.
How did Bitcoin began?
The concept of Bitcoin and cryptomonecurence in general, began in 2009 by Satoshi, an unknown researcher. The reason for him was to solve the question of centralization in the use of money that was based on banks and computers, a problem with which many computer scientists were not happy. The achievement of decentralization has been tried since the end of the 90s without success, so when Satoshi published a document in 2008 that provides a solution, it was accepted overwhelmingly. Nowadays, Bitcoin has become a family currency for Internet users and has led thousands of ‘Altcoins’ (cryptocurrencies not Bitcoin).
How is Bitcoin made?
Bitcoin is done through a process called Mining. Like paper money is done through printing, and gold is extracted from the ground, Bitcoin is created by ‘mining’. Mining involves resolution of complex mathematical problems with respect to blocks that use computers and add them to a public book. When it began, a simple CPU (like that on the computer of your home) was all that was needed for me, however, the level of difficulty has increased significantly and now you will need specialized hardware, including the high graphics processing unit Gama (GPU), to extract Bitcoin.
How do you invest?
First, you have to open an account with a commercial platform and create a wallet; You can find some examples looking at Google for ‘Bitcoin’s trading platform’: generally they have names that involve “coins”, or “market”. After joining one of these platforms, click on the assets and then click Crypto to choose the desired coins. There are many indicators on each platform that are quite important, and you must make sure to observe them before investing.
Simply buy and maintain
While mining is the safest and, in some way, the easiest way to win bitcoin, there is too much entertaining involved, and the cost of electricity and specialized computer hardware make it inaccessible for most of us. To avoid all this, facilitate it yourself, enter directly the amount you want from your bank and click “Buy”, then sit down and observe as your investment increases according to the price change. This is called exchange and takes place in many exchanges the available platforms at present, with the ability to trade among many different Fiat coins (USD, AUD, GBP, etc.) and different Crypto Coins (Bitcoin, Ethereum, Litecoin, etc.).
If you are familiar with stocks, bonuses or currency exchanges, then you will understand the cryptogo trade easily. There are Bitcoin runners such as E-Social Trading, FXTM Markets.com and many others you can choose from. Platforms provide Bitcoin-Fiat or Fiat-Bitcoin currency pairs, example BTC-USD means marketing Bitcoins for US dollars. UU. Keep your eyes on the PR