Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most common currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.
The design of Bitcoin allows for anonymous ownership and transfer of wealth. Bitcoin - bitcoin can be stored on a personal computer in a wallet file format or stored by a third party wallet service, and apart from all that bitcoin can be sent over the internet to anyone with a Bitcoin address. The peer-to-peer bitcoin topology and the lack of a single administration make it impossible for any governmental authority to manipulate the value of bitcoin - bitcoin or cause inflation by producing more bitcoin.
In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
Well this is the most feared merchant Bitcoin. What if the price tends to go down? This morning 4.200.000, a few hours later 4.100.000, a few more hours 4,000,000? If you try to buy and then try to sell at a price higher than the previous purchase price will certainly be a loss because no one wants to buy your Bitcoin well above market price unless the buyer really needs it. Remember the buyer is also a smart person who knows how much to buy a decent price when buying.
Every day supply of bitcoin around the world increased by more than 1 million dollars from miner world wide until the end of 2016 but in Indonesia the number of buyers is greater than the number of existing miner so the price tends to always be higher than the Chinese and Russian market that there are many miner Bitcoin
we should pay attention to the chart because every bitcoin's price has been recorded on the chart, whether it's in minutes, hours, days or weeks.
any movement on the graph can lead to analysis for future prices but the analysis is not always true and most of the analysis used on the charts a few days ago.
if the graph shows that bitcoin prices have fallen within a few days to even a week, it is usually predicted that the coin will bounce back even if the movement is a little slow.
apart from the graph we also have to pay attention to quotas of the buyer and selenjual, if the quota of the buyer is very little and the quota of the seller very much then in a short time the price of the coin will fall and we can make sure the price will drop up to 10% even more, otherwise the quota of the buyer more and the seller only a little then the coin will jump high. but for bitcoin prices will continue to change in every second, if indeed bitcoin that we will resell is there to then sell your bitcoin and wait until the price is down and then buy again in order to gain profit.
bitcoin in 2018 in the predicted price reaches $ 37,000 USD, some experts say so because the level of public desire to have bitcoin continues to increase from previous years so that more market permitaan then the price will continue to rise to the top. if indeed we have enough capital, bitcoin collection is the solution in order to get a huge profit.
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