This is the case of buying the virtual currency of bitcoinin early 2017, which doubled its price during a record period, which caused a big bang in the financial markets and prompted many experts to try to understand the reasons for this rocket rise, and encouraged a large number of investors to seize the opportunity and record profits A fantasy can not be realized by any other investment.
What is this currency?
On January 3, 2009, the virtual space on a date with a major development in the financial world was the launch of a virtual currency called Bitcoin, which succeeded in a relatively short time in imposing itself and booking a place among the strongest currencies globally such as the dollar Euro, yuan and others.
What is this currency? Who invented it? How can they be used? Why did it spread so fast and record levels?
Simply put, Bitcoin is a virtual encrypted currency, designed and launched by an anonymous figure known as Satoshi Nakamoto.
Bitcoin is similar in nature to the dollar, euro and other currencies, but different in that it is fake and is used only over the Internet, no physical presence, it is encrypted and can not track the buying and selling processes that are used.
One of the main advantages of the "Bitcoin" secret, as can not track sales and purchase or control or intervention in the absence of any serial number associated with them, which enhances privacy and limits the control of governments and banks on the currency.
For example, when you buy a commodity in the currency of your home, the value of the commodity goes from one user account to another immediately without any transfer fees or through any bank or intermediary.
Bitcoin is not associated with a specific country or geographic location and can be used in any country just like the local currency. Many companies in some countries have begun to allow this virtual currency.
One of the advantages of this currency is its scarcity, with its inventor planning to produce only 21 million units by 2040, which helps preserve its value and prevents it from collapsing. It is also designed to prevent any transaction or action, and is issued collectively across the network.
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If you bought a commodity or currency for about $ 2,000, and in a few months it was worth about $ 4,000 or $ 5,000
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What is this currency? Who invented it? How do you use? Why did it spread so fast and record levels?
Are they negative?
The main disadvantages of "Bitcoin" are the possibility of using them in illegal or legal transactions on the Internet, including the drug trade, the absence of legislation regulating the dealing and the rights of its users, and their value is highly volatile, as well as the small number of shops and shops that accept dealing with them , And the absence of full international recognition.
Bitcoin has previously been used in computer piracy, personal accounts and ransom applications, specifically in the two cyber crime attacks: the first ransom virus "Wanna cry" and the second "Petya".
The pirates, who attacked hundreds of thousands of computers in the world, demanded a ransom in the currency of bitcoin to return pirated files to their owners and reopen the virus.
How do we get "bitcoin"?
Getting a bitcoin is not difficult. The first thing you need is a coin storage place called a wallet, which is like a bank account.
There are two ways to get a "wallet", a free program that can be downloaded from the official website of Bitcoin, or open a portfolio through companies specializing in the services of Bitcoin. This method is better to ensure that your wallet is not lost and protected from piracy.
After acquiring the portfolio, you can start collecting bitcoin in several ways, most notably: buying a home from a service provider, a person wanting to sell, or mining, or mining.
Mining, which uses special software to generate an "address" used to send and receive remittances, was one of the most successful ways to get a home in the early years of the coin, but it requires a very powerful computer and hardware that has a supernatural card.
It can be obtained through exchange in traditional currencies, such as the dollar and others, or in the process of accepting payments for thousands of goods and services provided through the Internet and in restaurants, cafes and others.
Value of your home
When it was put on the virtual market in 2009, the value of the home value of about 6 US cents, but increased over the past years continuously until it reached about $ 1200 early this year because of the heavy demand on them. And continued to rise in the following months to record in early September last record level of $ 5000, before falling back to about $ 4100.
You can follow the price of your home at the moment on this link.
Why did they rise in record value?
There are three key factors to the rocket surge since the beginning of 2017. The first is the currency split into an original currency and a new one with the name of "cash formation".
From 6 cents in 2009 to $ 4,100 in September 2017. Why has the Bitcoin default currency soared? Is it a good investment option?
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The new version was launched by a group of digital currency developers who differed with their counterparts on how to make bitcoin easier to use. It seems that the launch of bitcoin, which registered less than 10 percent of the original value, passed peacefully, Greater confidence and attractiveness.
The second factor is the acceleration of transactions offered by the new program for Configuration Cash, and the developers of bitcoin are also accelerating their transactions using several programs.
The third factor, most notably, is the rise in demand for the currency by the Japanese, after the Japanese government agreed to accept it as a legal payment method last April.
The most prominent companies and sites that accept today deal with the currency BITCOIN "Paypal" and "Microsoft" and "Dell" and "Expedia" and "Zinga" and "Bloomberg.com" and hundreds of other companies.
The countries that officially recognized the currency or left companies and individuals free to deal with are Denmark, Estonia, Sweden, South Korea, Canada, Finland, the Netherlands and Britain, while America has not officially recognized them.
The question remains about the future of BITCOIN whether it succeeds in becoming a globally recognized currency or disappears over time and is merely an illegal means used by unknowns to create a wealth estimated at hundreds of millions of dollars.
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