What is Bitcoin

in #bitcoin6 years ago

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Hello friends today you crypto is a virtual money bitcoin den not knowing the benefits of reading.

What is Bitcoin?
Bitcoin is a fully digital currency, payment system and decentralized reconciliation network. On the system, users can make direct transfers to each other without intermediaries. Transfers are recorded in a decentralized recording and reconciliation system. This registration and reconciliation system is called Blockchain. The unit of value transferred on the bitcoin network is called bitcoin (BTC).

Who is the owner and center of Bitcoin?
No one or organization has a Bitcoin network, as no one has e-mail technology. Representation, franchise etc. there is no formation. Bitcoin is not a company or an institution. Bitcoin is an open technology and everyone can participate, use or participate without any hindrance.

Who sets the price of Bitcoin?
The value of Bitcoin is determined by the complete supply-demand relationship on independent stock exchanges such as BTCTurk. BTCTurk and similar bourses that match buyers and sellers' orders with each other publish transactions made by users as price and market information. The different Bitcoin stock exchanges are not linked to each other or to a center. Bitcoin price on each stock market occurs independently. Arbitrage transactions made by users allow the price to move closer to each other in the stock market.

Should I invest in Bitcoin?
Bitcoin prices are changing very fast, as most investment tools are known. This creates opportunities as well as risks. As BTCTurk, we advise you to be cautious about Bitcoin buying and selling transactions and investments.

Are bitcoins safe?
The basic technology of Bitcoin is open source and can be observed by everyone. Past problems related to Bitcoin's core technology, controlled by thousands of independent security experts, are quickly eliminated. But it is important to remember that Bitcoin is still evolving.

Users should be careful when working with third party Bitcoin service providers for purchase / sale, investment or transfer purposes. Many of the service providers have been victimized by theft, system intrusions and direct fraud. As BTCTurk, we advise you to be careful when investing or investing in service providers.

When using your own Bitcoin purse, you are responsible for protecting your wallet passwords and secret keys. We want to remind you that bitcoin transfers are irreversible.

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