What is Bitcoin? BTC hourly decline and...

in #bitcoin7 years ago

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Bitcoin; is a digital currency issued as an open source code in the crypto (money) category. Bitcoin represents a currency feature that we can spend in our everyday shopping and online environments, such as the currency we use today, such as TL, Dollar, Euro. The distinguishing feature of Bitcoin from other currencies is that monetary authorities and governments have no control over Bitcoin. Because Bitcoin is produced not under the control of the governments but under the control of the Bitcoin network.

In 2009, Bitcoin was released as a "protocol" by a nickname of Satoshi Nakamoto. According to this protocol; Bitcoins are an independent currency, which is based on peer-to-peer networks between individuals and can not be controlled by a central authority, whose transaction fee is rather low.

Since February 2015, more than 100,000 merchants and sellers have accepted bitcoin as a payment. According to a research conducted by Cambridge University in 2017, 2.95 to 5.8 million unique users are using crypto coin purses.

In order to better understand Bitcoin, we can list the properties of Bitcoin as follows:

Bitcoin is an independent currency. Since the production of bitcoins does not take place under the control of monetary authorities and governments, as mentioned above, these authorities are not in control of Bitcoin. For this reason it would be appropriate to characterize Bitcoin as an independent currency.

Provides anonymity to Bitcoin users. Since Bitcoin accounts carry the feature of being encrypted and many of these accounts can be opened, transactions are made anonymous. When you open Bitcoin accounts, you only need to give yourself an e-mail address and name.

The transactions on the Bitcoin network can be viewed by everyone. In a data center called Block Chain, all transactions made via Bitcoin are recorded. All transactions between Bitcoin accounts are registered by this network first, and then the transaction is completed. Users have the luxury of seeing which account is being processed. But since accounts are encrypted, they never know who these accounts belong to.

Bitcoin account setup is quite simple. You can pay for your Bitcoin accounts at no charge, just as you can without question, and you do not pay a fee for your transactions. Since bitcoins are sent through the data sharing network between people, there is no need to pay transaction fees to any brokerage house.

The money transfers you make in Bitcoin happen very fast. Money transfers made with any brokerage house or bank can be delayed by many obstacles. However, since Bitcoin is based on data sharing between individuals, money transfers can be performed very quickly at any time of the day.

There is no transaction cancellation in Bitcoin. Once you transfer funds with Bitcoin, this transaction can not be canceled. The only way to get the money back is to make a transfer of money to you again. This seems to be a solution to the "chargeback" incident that caused problems in banks.

Bitcoin stock market, every minute of the decline and rising in the Turkish lira Shanki 1 BTC = 15.206,57 TL, but these numbers change every hour. The table at the bottom was just shared, if you really want to make money, btc will go down big in 1 week, then deposit a certain amount into bitcoin. After a week or more, you will earn several times the amount you deposit. 2 days ago BitCoin was down I had invested 450 TL, I think I will withdraw my money at full rise time

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