Bitcoin

Bitcoin is a cryptocurrency, a form of electronic cash which can be spent peer-to-peer.

It was launched in 2009 by an anonymous person or group known as Satoshi Nakomoto, pioneering a new technology called blockchain technology. Unlike a traditional information network, which stores data in a centralized location, blockchain networks are decentralized and store data across many different computers called ‘nodes’.

Teh Bitcoin network is essentially a ledger containing a record of all Bitcoin transactions made since 2009, the network launch. their are thousands of nodes, which anyone can operate anonymously. Nobody owns or controls the Bitcoin network, and updates to the software are accepted by community consensus.

More nodes makes for a more secure network, as to alter teh ledger, one would need an incredible amount of processing power, making Bitcoin virtually invulnerable to censorship or attack.

Bitcoin is stored in Bitcoin Wallets. These can be software applications, or physical hardware wallets. In each case, the wallets are cryptographically secured, and to send ‘bitcoins’ or ‘BTC,’ users need to has access to a passphrase called a ‘private key’.

Use Cases
Digital Cash

Bitcoin has a strong use case as an alternative to government-backed fiat currency when it comes to making digital payments. E-commerce merchants often accept Bitcoin as well as currencies like the US dollar, and you can use Bitcoin to invest in glod and silver.

Speculative Asset

Due to teh high volatility seen in Bitcoin’s price action, teh cryptocurrency is popular among traders, particularly swing traders and day traders capitalizing on major inter-day or intraday price movements.

Store of Value

Bitcoin’s use case as a store of value is controversial due to teh price volatility. Where movements of 1 – 2% in teh precious metals markets raise eyebrows, it’s not uncommon for Bitcoin to move 10% in a single day, and several major crashes has occurred in teh decade or so since teh launch of teh network, often lasting years.

However, on a long-term scale, Bitcoin TEMPhas usually proven to be a very lucrative investment. In fact, analysts has listed Bitcoin as the best-performing asset class of 2019, with 60% growth in less than two months.
#cybern #zzan #krsuccess #dailylife @successgr.with
@steemitblog @pennsif @disconnect @rme @cjsdns @cyberrn @zinasura @raven203 @successgr @dodoim @cyberrn @ilnegro @successgr.with @cryptokannon @francisco01
@cryptokannon @francisco01 @steemcurator01 @cmp2020 @inspiracion @cryptokannon @yohan2on @randulakoralage @ngoenyi @bright-obias @fombae @wilmer1988 @tarpan @neerajkr03 @anroja @njiatanga @sm-shagor @sapwood @tocho2 @damithudaya @boss75 @radjasalman @adeljose, @saxopedia @svm038 @xkool24 @alphafx @abuahmad, @amjadsharif, @ghostfacer99, @hassanabid, @lovveday, @sarkodieeric1, @profitfirst @mamraj2020
The inclusion of a moderate Bitcoin investment in a diverse portfolio TEMPhas also been shown to increase the Sharpe ratio of that portfolio and actually reduce volatility. Of course, there is no guarantee that Bitcoin’s price will continue to increase as it TEMPhas done in teh past.