Latest posts of: rokergila01

Because bitcoin has no formal basis and regulatory authority, bitcoin is prone to abuse for illegal transactions, money laundering, and financing of terrorism. There is affirmed, all transactions conducted in the territory of NKRI must use rupiah currency. The circulation of bitcoin is also illegal because it is not reachable by the Central Bank. This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.

If you find ad phrases like "Buy Bitcoin 5% lower than the market price. Achieve Big Profits ", then feel free to move away from him immediately. It is one of the scammer marketing strategies that want to deceive prospective clients with the lure of unrealistic big profits.

The initial signs of a fake Bitcoin Exchange is the domain. If it only starts with "http: //" instead of "https: //, then Bitcoin Exchange does not have a reliable security protocol. To take safe steps, immediately leave Bitcoin Exchange so know the quality of the domain.

In addition, you also need to be wary of Exchange sites that offer Bitcoin redemption to PayPal. Generally, the redemption procedure begins by filling out the PayPal email form and the amount of money you want to redeem to Bitcoin. After that, you will be given QR code to activate the process of sending Bitcoin to your wallet. Although it looks convincing, the steps are just the guise that made a scammer to divert your PayPal funds into their own personal account. In fact, your Bitcoin will never get to the destination address. Bitcoin Exchange fake sites are popping up and usually do not last long. Once the deception is uncovered or the business is not sold, they will reappear with a new name.

One of the popular virtual money alias cryptocurrency, Bitcoin, is experiencing a decline in the exchange rate. Chinese policy is the reason. The Chinese government issued a policy prohibiting the transaction of initial coin offerings (ICO). The ban was issued not without reason. Virtual currency difficult to control Bitcoin exchange rate up and down purely following the market mechanism. The government can not control the exchange rate, unlike the yuan against the US dollar. The government does not like something that can not be arranged. Easy to use for fraud For some people who understand the movement of Bitcoin, it could be a profitable investment. But for those who do not understand can be bandwagon and entrust the money to buy Bitcoin through any place so that there can be fraud. Destructive investment world Bitcoin potentially bubble and break up after a lot more popular and many people want to have. Evidenced by its value that skyrocketed from Rp 10 million to Rp 60 million in just 8 months. When the bubble bursts and the price falls, the investor will be harmed.

Uzbekistan will soon legalize bitcoin. The new decision signed by President Shavkat Mirziyoyev declared that Uzbek institutions should finalize a bill to legally regulate cryptocurrency or "electronic money". Uzbekistan will publish its plan to organize Bitcoin in September 2018, with its "Blockchain" expertise center starting operations in July, local news agency Vzglyad reported Feb. 21. Mining costs in Uzbekistan are among the lowest in the world, as the country is a major power producer. The Central Asian nation also plans to open a distributed ledger technology center.The legislative proposal will be awarded to a number of government ministries and central banks, as well as various other authorities. The regulation of cryptourrency is a hot topic for former Soviet bloc countries. Kazakh's neighbors last year signaled his desire to copy permissive Blockchain Singapore, while Belarus has also announced that it wants to create a friendly environment for innovative financial technology.

Factors Affecting Bitcoin Prices
Broadly speaking, there are several factors that trigger. Here's an explanation:

1. Bitcoin volume is still small
The determining factor is supply and demand. That is, if many users who make a bitcoin purchase then the price will be rising up. Vice versa, if many are selling bitcoin then the price will decline.

Based on data from blockchain, the current volume of bitcoin is still small. This is what causes bitcoin prices to rise or fall drastically when there is a sale transaction and buy bitcoin with a large volume.

2. The existence of Bitcoin Trading
The more phenomenal bitcoin, so no wonder if many who wrestle profession as a bitcoin trader. This is the factor of rise and fall of bitcoin prices significantly. Traders will buy large amounts of bitcoin at a low price then store it for some time, and will sell it when the price is high.

3. The result is when the process of buying, auto prices will go up and the price will come back down when the process of selling bitcoin. Plus, users who use bitcoin for other purposes are still few when compared to users who use bitcoin just as trading.

The beginning of the discovery of Bitcoin became popular because of the group of cryptographers, namely the group engaged in research encryption (cryptography). Satoshi Nakamoto is also active in this group, some report that he is diligent enough to reply to various questions in various forums. So do not be surprised, cryptography is the first major foundation where Bitcoin stands up to crowd like today that many hunted many people. But the inventor of Bitcoin is not yet known clearly. Nakamoto, who at the time along with Wikileaks plans to take advantage of this digital currency to receive donations from various donors, But Nakamoto protested the plan by singing a loud enough voice and angry, the reason that Bitcoin is not ready to receive the treatment.

The basis of bitcoin is trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.

The best and most reliable Wallet Bitcoin - this Bitcoin Wallet you can make as a Bitcoin virtual currency that you own. Since all the Bitcoin currency you have is stored in a virtual wallet then you are also important to choose the best and trusted wallet. If until you use a swallow that is not trusted consequently Bitcoin currency in the wallet can be cracked and lost. To create a Bitcoin wallet is quite easy because it is similar to account creation on the site in general. When making the wallet you will get a wallet address whose function is the same as the account number so if anyone wants to transfer you can use the wallet address.

I think the high bitcoin exchange rate can make people who see it tempted and countless times to start investing. Especially with the berandai, if the first buy bitcoin worth USD 1,000 US dollars, or about Rp 13.3 million only, its value now has soared to the range of 39,000 US dollars or equivalent to Rp 518 million.

Announcement of the ban on this transaction in India makes this virtual currency exchange rate chaotic. Because the policy taken by the government is beyond the prediction of the observers. People who have a virtual currency are predicted to soon withdraw their virtual money before its value continues to fall. Not long after the announcement of the ban, Bitcoin's sales jumped by 1.5-fold. In one day, the price has dropped 10 percent. Prior to the announcement, the Government of India had given some warnings about economic, financial, legal operations, consumer protection and security-related risks from virtual currencies such as bitcoin.