Bitcoin Basics For Steemit Newbies.

Dencentralization

Bitcoin is a cryptocurrency, that is spent, saved, or invested, and it might be stolen also. Trading with Bitcoins has been regarded as dangerous, but the present trend shows that it has become a big hit in the cryptocurrency markets. This decentralized currency isn't regulated by any Government, or by any central authority. Bitcoin's price is determined in accordance with the supply and demand ratio. Price increases once the demand increases, the rates collapse down when the demand falls. Bitcoins in flow are limited, and new ones are made at a very slow speed. As it doesn't have enough of a cash book to move the market price, its cost can be particularly volatile.

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Low inflation risk

Inflation is of the largest issue for traders, because all currencies lose some of their buying power when the banks keep printing more currency. With Bitcoin minting system being restricted to only 21 million Bitcoins, it hardly gets impacted with inflation. Low collapse risk - Currency fluctuations depend on government trade policies, that at times cause hyperinflation, and even lead to of the collapse of currency. Bitcoin is a digital universal currency, which isn't regulated by any government. Simple, safe and inexpensive - The Bitcoin payments take place between peer-to peer with no middleman, that's the reason it's straightforward and cheap.

Easy to carry

Bitcoins worth million dollars can be transported in your pocket, in a memory stick. Untraceable - Issuance of Bitcoin isn't regulated by any government, so the potential risk of seizure is nil. Cryptocurrency exchanges have been getting familiar with popularity of these Bitcoins, and its constant fluctuating values. Bitcoin brokers also provide cryptocurrency as trading options too and these include One touch options - Bitcoin trading can be done with AnyOption or one touch option provider. For example, the current popular currency pair is BTC/USD.

Steem on!

@mindhunter

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