Bitcoin is a decentralized electronic currency designed in 2009 by Satoshi Nakamoto (pseudonym). Its use requires a computer protocol executed by a free software of the same name, written in C + + and released under the MIT license.
Bitcoin is a kind of electronic currency that can be bought on the web to buy various items according to websites that offer this type of payment.
Bitecoin can be stored in an electronic purse.
As in real life, your wallet must be secure. Bitcoin makes possible the transfer of value anywhere, easily, and allows you to have control over your money. Such features also involve significant security risks. Still, Bitcoin can offer high levels of safety if used correctly. Remember it is always your responsibility to take the necessary steps to protect your money.
The price of Bitcoin is volatile
The price of a bitcoin may increase or decrease unpredictably over a short period of time due to his young economy, its unusual nature and sometimes illiquid markets. Consequently, keep your savings in bitcoins is not recommended at this time. Bitcoin should be considered a high-risk asset and you should never store bitcoins money you can not afford to lose you. If you receive payments in Bitcoin, many service providers allow you to transfer your bitcoins instantly in your currency.
Indeed, here the evolution of the course:
Date
| cotes in euro |
|---|---|
| 07 Jan 2013 | 4,15 € |
| 09 August 2013 | 5,36 € |
| 2 octob 2013 | 3,76 € |
| 25 novem 2011 | 1,83 € |
| 10 decemb 2011 | 2,30 € |
| 25 jan 2012 | 4,34 € |
| 03 ago 2012 | 8,51 € |
| 15 ago 2012 | 10,84 € |
| 22 oct 2012 | 8,94 € |
| 15 jan 2013 | 10,97 € |
| 15 feb 2013 | 20,31 € |
| 06 mar 2013 | 36,56 € |
| 21 mar 2013 | 50,782 € |
| 29 mar 2013 | 69,922 € |
| 3 april 2013 | 109,91 € |
| 9 april 2013 | 200,00 € (50 times the price for 10,000 euro, you would have 500,000 Euros) |
| 13 avril 2013 | 66,00 € |
| 24 avril 2013 | 109,79 € |
| 19 july 2013 | 69,28 € |
i give all this in euro because i am from euro zone, so for you people from usa you can do the same looking
for the exchange rate today.
Bitcoin payments are irreversible
Any transaction with Bitcoin can not be reversed . They can only be redeemed by the person receiving the funds. This means that you must make sure to trade with companies and people that you know and you can trust. But do not worry , Bitcoin can detect typos and generally does not let you send money to an invalid address .
Bitcoin is not anonymous ?
Efforts are needed to protect your privacy with Bitcoin . All Bitcoin transactions are stored permanently and public network . This means that the balance and transactions of each Bitcoin address can be viewed by everyone. However, it is not possible to associate a Bitcoin address to its owner until personal information is disclosed by the owner of the address during a transaction. For this reason , it is recommended to use different Bitcoin addresses. In fact , you should use a new one every time you receive a payment. This practice is especially important for public uses such as web sites. You can also consider the idea of hiding the IP address of your computer with a tool such as Tor so that it can not be saved.
Instant transactions are less secure
A Bitcoin transaction is normally propagated in seconds and confirmed within 10 minutes. During this period , a transaction can be regarded as authentic but still reversible. Dishonest users may try to cheat. If you can not wait for a confirmation , apply a small transaction fee or use a detection system for risky transactions may increase security. For larger amounts as U.S. $ 1000 , wait at least 6 confirmations or more is a good practice. Each confirmation exponentially decreases the risk of a reverse transaction.
Bitecoin is a is a great idea, which made its creator rich but fortunately for him always anonymous.
The idea of a decentralized currency is excellent, but can we really trust an algorithm ?
A new virtual currency has just appeared on the net , it is the LITECOIN , the current price is:
LTC / USD; ( ongoing 24.08.2013 ) = 2.40 usd (remember much of this course , we'll talk when 50 usd )
In my opinion , this course will explode and follow an exponential curve as BITECOIN , many organization in the U.S. predict that the explosion of electronic currencies. The advantage of electronic currencies , it is impossible to know the owner of the funds , and therefore many corporations use has to end tax evasion , more numerous organizations of money laundering use so growing . So I expect an explosion of LITECOIN over the coming years . Bitcoin has reached its peak , it could return to its highest price (200 USD) , but the movement will be small compared to the movement of LITECOIN amplitude.
How to buy Bitcoin OF LITECOIN or with paypal, webmoney , western union? ? You don't have your bitcoins account yet?
You don't know how to make money with that click on the message bellow.
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