What is Bitcoin

shintamonica (55)in #bitcoin • 6 years ago (edited)

bitcoin can be interpreted as an electronic / virtual money created in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency.

Bitcoin trading is very different from forex trading because of the way trading even though it is different. Bitcoin trading is much more like buying and selling goods online, namely the existence of BUY and SELL. BUY means that actually buying goods in the form of Bitcoin and SELL means actually selling goods in the form of Bitcoin.

Bitcoin market place is a system made by Indonesian bitcoin which is designed for bitcoin traders to sell or exchange bitcoin into rupiah and buy bitcoin more easily.

There have been many websites that provide bitcoin buying and selling services, for that you can buy bitcoin on the website, making sure that the website of the Bitcoin purchase service provider has high credibility.

Bitcoin is more of a transfer medium when used for transactions. Transactions occur based on a barter system with a value of several rupiah. Oscar says maybe "internet gold" is the most appropriate name for Bitcoin.

However, the number of Bitcoin transactions in Indonesia is quite high. This is certainly not free from the role of some local startups that are engaged in the realm of Bitcoin. Here are some of them:

Bitcoin Wallet

Bitcoin will be stored into the Bitcoin Wallet. This wallet must be installed on both sides, it can be with a PC / laptop, tablet or smartphone. After installing the wallet, you will get a Bitcoin Address. To transfer bitcoin is very easy, open the wallet application, enter the Bitcoin Address from the opponent's transaction and the amount of bitcoin you want to transfer,
Bitcoin should be seen as a high-risk asset, and you should not save too much money that risks losing with Bitcoin.

Of the few factors that exist bitcoin get a positive sentiment from the market. Possible bitcoin prices will continue to rise though not drastically. Currently the price of bitcoin has reached $ 706.2 the lowest price and $ 765 the highest price.