Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency.
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
It is an account to manage your salary and help you organize your money, let him have a monthly savings while enjoying many other benefits:
The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.
Some recommended bitcoin wallets are Coinbase wallet, Blockchain wallet and Luno wallet. Depending on your region most wallets are accessible and user friendly.
Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…
Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.
If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.
There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.
Your bank may charge you a $10 fee for international transfers. Bitcoin doesn’t.
You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.
When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. It’s important your verify and double check the bitcoin address before making a deposit.
At Pine Trading, we don’t just move with the trend and shifts in bitcoin, we work with predictions on an expected growth and fall. We have a pool of miners (more info on bitcoin mining) therefore generating more flow of every bitcoin-bitcoin transaction.
The minimum requirement for bitcoin investment is 5,000 USD or its equivalent in Bitcoin (BTC) or in any other currency. With an estimated returns of 50% monthly.
Bitcoin potential is not weighed by the present but the future, predictions on the growth of bitcoin increases daily, in 2020, 1 BTC might be worth $10,000. Now is the right time to jump in on the train and secure a long lasting seat with bitcoin.
To sign up for our bitcoin service, simply click on our register page or send an email to firstname.lastname@example.org for more information.