Bitcoin Fundamentals

Bitcoin is one of the first digital-based currency Bitcoins are the actual cryptocurrency which isn’t regulated by the government or any financial institution. There is no such thing like account bankbook but you’ll have the Bitcoin wallet for any transactions.

You can manage bitcoin wallet by setting up the account through a broker like Coinbase. Whatever broker you’ll use make sure they’re the certified brokers. You’ll get a Bitcoin address consists of letters and numbers so you can access your bitcoins or to send bitcoins to other individuals as you input the passwords. Make sure that nobody knows your private key password.

Basically, there 3 activities you can do with bitcoins. First, you can use Bitcoins for payment on merchants, unlike cash, you can do the payment anonymously. Second, you can send money to other individuals. Third, you can simply treat your Bitcoin as investments as the rate is rocketing days by days.

Even though Bitcoin has been fluctuating, it certainly has a very impressive progress. In the initial 2013, Bitcoin had priced at US$ 400 per bitcoin but in the end of the year it grew up to over US$ 1000. Any person who invested Bitcoin at that time will gain more than 150% from Bitcoin investments. In fact, many people store bitcoins as an investment due to its fluctuating value.

Bitcoin becomes regularly be used in the gambling industry as the payment due to its anonymity. You can play with the Bitcoin at any tables or sites and you can simply withdraw it from your Bitcoin wallet to their Bitcoin wallet. As you do it, you’ll soon know the benefit that there is no tax included or other possibilities as it’s beyond the regulation or governmental control. In fact, this phenomenon is growing up as more and more offline and online casinos apply the Bitcoin as the payment method.

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Why Bitcoin Price Going Up? Simple Explanation

Many people wondering, why all of sudden Bitcoin price is going up in fast motion, in last 48 hours. There was some rumors about hard fork in October, But rumors turned out to be truth now.

Yes, Bitcoin announces that, they will fork 3rd week of October, which is why all of sudden, there is a completion to get a bitcoin. But why everyone wants a piece of it?

Because if there is a fork happening means, every bitcoin you hold, you will get same amount of bitcoin gold. That’s mean bitcoin giving away free money to bitcoin holder just like last time they did in bitcoin cash fork. So this is why you see price going up rapidly, because tons of people trying to get a hold of bitcoin. But as we don’t know how much bitcoin gold would worth, it could be anywhere $400 to $900 per bitcoin gold, think how much money you can get it free, once you hold 1 btc.

So, what i believe is after the hard fork, btc price will go down, as most people invested in Alt coin will also go back to where they were invested previously. That’s why you see almost all Alt coin price going down, due to the fork happening. But after fork is done, everything will be back to normal. So invest smart.

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