What is Bitcoin? - You may be one of the many people who do not know what it really is, actually how it looks? What does it do?
What is Bitcoin?
In this era of technological development, there are still many who do not understand about bitcoin, but bitcoin is something that is very easy to understand.
Bitcoin Or (BTC) Simply put, the digital currency is usually called CryptoCurrency. This digital currency is stored in digital form. This virtual currency can be used for digital payments.
What is digital payment like? Have you ever made an online sale transaction, What is the payment system? of course there are third parties who mediate, such as interbank transfers, paypal, credit cards or the like.
Well, How can these payments run? we all must know that every financial provision such as Bank for example, they have accounting book. will certainly require time and energy to be spent to run the transaction. That is why we are charged an additional fee.
Unlike Bitcoin, Bitcoin transforms the cash book or accounting system system with one global accounting. This way we (customers or bitcoin users) can save time, effort and money.
What is Bitcoin Use?
Bitcoin is similar to gold whose price goes up and down. But bitcoin is very easy to transfer or in move.
What use bitcoin? as described above, bitcoin is used as a means of payment. However, for now the number of services that are willing to receive payments via bitcoin is still very limited.
However, Why Are People Entering Crazy With Bitcoin?
You may be wondering why many people are fond of this bitcoin, the answer is they use bitcoin to invest. What do you mean? From time to time, the price of these digital currencies continues to rise.
Maybe you do not understand with the advantages of bitcoin, simple explanation is if Suppose you buy some bitcoin at a price of about 6 $ or about 80 thousand per coin in 2012 and you save, Maybe now you have become a billionaire: D, just imagine, around the month December 2017, the bitcoin price was nearly 300,000,000 (300 jt. bro: D) per coin.
Who is the Creator of Bitcoin?
Bitcoin or digital currency is created by Satoshi Nakamoto. Who is Satoshi Nakamoto? for now there is not enough evidence to find out who it is Satoshi Nakomoto. But the design of the bitcoin system can be viewed and checked by everyone (no hidden secrets). Now, many people have begun to work on these codes so that they are different from the initial designs made by Satohi.
If you want to know more about this Satoshi Nakamoto, you can type the Satoshi Whitepaper's word on Google, the 9-page journal explains the bitcoin system, you can save the PDF file from Bitcoin.org Site.
Is Bitcoin Can Be Raised?
The answer is yes, Bitcoin can be in money, with bitcoin you can make payments to various merchants, you can also use bitcoin to invest like gold. Simply put, you can buy it at a cheap price and sell it at a high price.
How to Get Bitcoin?
The first way to get bitcoin is you can buy it with rupiah currency, There are some sites of service providers selling bitcoin with rupiah such as Bitcoin.co.id, Luno, and Coinbase.
The second way to get bitcoin is with Bitcoin Mining, What is Bitcoin mining? As we know, bitcoin is a global cash system that stores the movement of money from one person to another. When this happens, one needs to make sure whether the transaction is properly recorded and synchronized globally or worldwide.
In the case of bitcoin, this process is not done by humans, this process is done by thousands of computers from around the world connected to the internet. This computer is called MINER or miner.
Why Bitcoin Prices Rise Down?
The cause of the rise and fall of bitcoin values in the supply and demand factor. When demand is high (many buy bitcoin), the amount of bitcoin available is lower, the bitcoin price will be high, and vice versa.
Well that's a simple explanation of What Is Bitcoin, how it looks, what it functions for. Hopefully this article can be useful for you.