What's the BITCOIN ?

You may have heard about Bitcoin or BTC before or have encountered this name and you may not know anything about it or your information is low or inaccurate. So today we will start our articles about the content and we will define what is the composition and what its advantages and disadvantages Why the world is watching him closely and why the price of one Pitcoyn to 1200 dollars to this day.

Let us begin by defining what is the fabrication and who invented it?

Bettkin is a new type of currency or money. A digital currency is based on cryptography. It is also a decentralized currency. No one controls it other than its users. They are the ones who manufacture it and use it without the need for an intermediary or censor like a government or a bank like other currencies in the world. In 2008, a person named Satoshi Nakamoto published a study explaining what to make and how to act. In 2009, Satoshi launched the World Wide Web.

How does it work?

Peer-to-peer and peer-to-peer systems enable users to interact directly with one another without the need for an intermediary, meaning that the data you receive on your computer is coming from another network user and not coming From "server" and this gives the network configuration advantage that no one can attack the network or trying to close it or make a reservation on the content of any user.

Is it possible to use Altkwin in the services of sale and purchase?

Of course, you can use the beta to sell and buy what you want. There are thousands of sites and e-shops that deal with the development and are growing daily and there are also shops, hotels and restaurants around the world dealing with the development.

What is the value of decomposition now?

The value of the value changes daily as any currency in the world and the price of the composition depending on the turnout, if the increase in demand for the composition of the price increased and vice versa. The one-time price of writing this article is $ 1200. This is a chart showing the price of Bettokin on the largest site in the world for the exchange of formulations is "Mt. Gox "since its inception in 2010 and has reached the highest level of $ 1242 in December of this year 2013.

Bitcoin Price

If you study the chart carefully you will see that the value of the composition is very volatile in the short term, but in the long run, the value of the composition is constantly increasing. You can follow the price of the start-up moment by moment from here.

What is the total value of the entire network?

So far nearly 12 million have been created with a total value of approximately $ 13.45 billion. This is a graph showing the total value of healthy people over the past year

bitgrowth

You continue to liken the currency to other currencies. Does this mean that the devaluation gradually loses its value, like all currencies in the world?

Betting is different from other currencies at this point, but first I have to explain to you one of the main reasons that lead to the devaluation of other currencies. All the currencies of the world are easy to make currencies. It is possible at any time to decide that the government to start printing more money if it is in a severe economic crisis to help solve this crisis, but what leads to this is to increase the number of currency in the markets, The other thing is that all the traditional currencies are supported in one way or another by a government or a bank. This may be a very good thing if the bank or government is in a strong state and a strong economy. But this is not something definite or permanent. As I said, this organization has faced great problems The price of its currency will decline because this currency is essentially dependent on it, and this is happening now in the United States of America and led to the loss of the dollar to a large part of its value.

Gold is a rare metal, and a rare coin, because only 21 million will be made. This is the number that Satoshi has defined in the code he wrote to create the content. When the 21 million Quinn is made, no more will be manufactured under any circumstances. The other point is, as I said before, that the Bettkin is a decentralized currency, there is no government or bank that controls it like gold. Those who control the price of gold are its users and those who control the price of the composition are also its users.

This is another way to please if you have not reached the meaning in the previous paragraph:

At this point I must first explain to you why the currencies of the world value in a continuous decline and then explain why the composition is different at this point specifically, the main reason for the loss of currency to its value is "economic inflation" and the meaning of economic inflation may be different but I will explain My view of the things that lead to inflation, when a country is in an economic problem is difficult to solve and the government finds itself on the brink of bankruptcy what they resort to is printing money, but what they bring to them are printing more money is to make a large number of currency in Markets without a balanced and strong economy Here it follows the collapse supported by the price of this currency. Let us take the Egyptian pound and its value against the US dollar here as an example. From about 40 to 50 years ago, the Egyptian pound was between 2 and 2.5 dollars, but now the value of the pound is 14 cents. The main reason for this is inflation and the collapse of the Egyptian economy.

On the other hand, the content will not suffer from the problem of the large production because when the "Satoshi" design design has developed a "code" can not be one of the number of more than 21 million composition, which is identified in the "Code" Undertaking under any circumstances