DEFINITION OF BITCOIN DOMPET. Wallet Bitcoin, is the place (purse) of Bitcoin storage. Somebody, will not be able to have Bitcoin without Bitcoin storage (Bitcoin Wallet / Wallet Bitcoin). Bitcoin wallet function is to store some cryptographic keypair, or more commonly known as "Bitcoin Address" (Bitcoin address).

 
The nature of the Bitcoin Wallet is different from the conventional wallets we used to know, whose function is to save some money. while, Bitcoin Wallet has a different function, because the Bitcoin wallet will organize a number of Bitcoin address (Bitcoin address) owned by the user.
while the amount of funds owned by the user can be accessed by requesting data amount of funds contained in Bitcoin addresses owned and add them.
Inside Bitcoin, a Bitcoin user, can have many bitcoin addresses. with address bitcoin (Bitcoin Address) is, Bitcoin users can transact each other, either send or receive Bitcoin from other users .

Virtual is defined as having no basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.
uS depatemen of treasurypada 2013 states more firmly that virtual money as '' a medium of exchange that operates like a currency in certain environments, but does not have any attribute as a real currency ''. the key is the virtual currency attribute has no definition as a legal tender status.

Differences Bitcoin and Altcoin - Virtual currencies of various kinds for example are Litecoin, Dogecoin and there is also Altcoin. The currently popular is Bitcoin, though there's nothing wrong if you understand the difference between each of those virtual currencies. every virtual currency has its own advantages and disadvantages, for example Altcoin and Bitcoin. If traced further a lot of types of cryptocurrency that exist in the community but who is rising then Bitcoin. altcoin itself is a newcomer that has not been widely known by the public so that the description of Altcoin is still gray or unclear. In order for you to be more familiar with Altcoin, consider the difference Bitcoin and Altcoin following

Here are some predictions about bitcoin by 2018 that are inferred from some observers.

One, taxation will be a big problem. Tax issues will be an important issue later, if bitcoin is already set up. how to, for example, report the benefits accurately to the regulator.

Two, the number of cryptococcal adopters will increase. yonatan Sela, SVP's business development from PROPS by YouNow, which uses blockchain to build a media ecosystem estimates that by the end of 2018, there will be more than 50 million people worldwide holding at least one cardiac crypto.

"My hope is bitcoin will continue to retain value as a form of digital gold, and the promise of digital money will be met by Dash," Woodin Node40 said.

Three, bitcoin develops into a payment network. Bbtcoin is currently used as a speculative asset and asset value. but the Bitcoin utility will increase dramatically along with the price.

Four, investors will diversify their crypto assets. Most investors will realize that in addition to Bitcoin, there are Ethereal, Litecoin, Dash and IOTA. there will be a move from investors to diversify their crypto assets and manage investments in the same way that investors see more traditional assets and investments.

Five, institutional investor interest will increase. mike Poutre, CEO of The Crypto Company believes that 2018 will be the year in which institutional investors enter the crypto-curent industry.

Six, hoping to see more rules. as Bitcoin booms, the rules will first enter ICO before switching to cryptocurrencies directly. Although still difficult to predict the impact. However, it is difficult to now predict if regulations will have a positive or negative impact on the industry

DEFINITION OF BITCOIN DOMPET. Wallet Bitcoin, is the place (purse) of Bitcoin storage. Somebody, will not be able to have Bitcoin without Bitcoin storage (Bitcoin Wallet / Wallet Bitcoin). Bitcoin wallet function is to store some cryptographic keypair, or more commonly known as "Bitcoin Address" (Bitcoin address) .

This is how Bitcoin will change the world. Bitcoin does the same thing, changing our paradigm of money. Will Bitcoin survive? This is still a debate. but certainly with the existence of bitcoin we are forced to re-think about the concept of creation, storage, and transfer of value (money). Changing our psychology about money and shaking the financial world as a result .

Bitcoin benefits

By using Bitcoin then this is the easiest way to exchange money for minimal cost.
here are some of the benefits and benefits of Bitcoin

1. Security and Manage our Money

Bitcoin transactions are secured by military-level cryptography. no one can use our money or make payments on our behalf. As long as we take the necessary steps to protect our wallets, Bitcoin can give us complete control over our money and a strong level of protection against many types of fraud.

2.function Anywhere, Anytime and By Anyone

Just like email, we do not need to require our families to use the same software or service provider. Let them use what they like. it is not a problem; they are all compatible because they use the same open technology. The Bitcoin network never sleeps, even on holidays!

3. Easy and Fast International Payment System

bitcoin can be transferred eg from America to China in less than 10 minutes. No Bank is slowing down the process, expensive fees, or freezing of funds. We can pay our neighbors just as we pay a member of our family in another country.

4.almost Free to use

Bitcoin allows us to send and receive payments very cheaply. Except for special cases such as micro-payments, no fees are applied. but it is recommended to pay higher voluntary fees for faster confirmation of our transactions and to hire people who operate the Bitcoin network.

5. Protecting our identity

with Bitcoin, no credit card numbers can be collected by the bad guys to imitate us. In fact, it's even possible to post a payment without having to reveal our identity, just like real money. however we should note that it takes some effort to protect our privacy.

6. Payment Via Mobile is made easy

Bitcoin on Hp allows us to pay with two simple scan-and-pay steps. no need to swipe our cards, type PIN, or sign anything. All we need to do to accept Bitcoin payments is to display the QR code in our Bitcoin wallet app and let our friends scan our phones, or touch two phones together
it should be noted that all Bitcoin transactions are kept publicly and permanently on the Bitcoin network, which means that Bitcoin address and balance can be seen by anyone. experts recommend that Bitcoin owners need to create new addresses for each transaction as a way to ensure privacy and improve security.

after we created the Bitcoin address and have obtained the Bitcoins address, then you can use it for online transactions with companies that accept Bitcoins as a way of payment. The company will send a Bitcoin address to which we can send our Bitcoin payments. we redirect the payment to the address, while the transaction takes place in seconds, verification can take 10 minutes or more .

Some 5 year old bitcoin thinking as follows:

1. Many companies will pay freelancers with the digital currency that will trigger tax reform.

2. The digital currency will change the monopoly of money made by the government similar to the Internet.

3.the government will build an agency to analyze cryptocurrency regulation.

4. Thousands of cryptocurrency companies will be born and floor on the stock .

Through some of the news that has been circulating and viral among the world Bitcoin community they have a source who knows that the richest creator of bitcoin is named "Satoshi Nakamoto" which if in thinking think is the name of a citizen of Japanese poetry. but in 2016 there is someone who is a fairly well-known figure in the Bitcoin community who is also an entrepreneur in Australia named Craig Wright claims that he is the Nakamoto in the talk .

Virtual money is a medium of exchange that operates like a currency in certain environments, but does not have any attribute as a real currency ''. The key is the virtual currency attribute has no definition as a legal tender status. virtual money has no valid intrinsic value to use as a price submission.

What can we buy with bitcoin following some websites that use BitCoin for their transactions:

• WordPress started receiving payments with BitCoin last year.
• BitMit is similar to Ebay. [/ li]
  • Coindl is similar to iTunes: music sales sites, books, and gamessoftware. [/ li]
    • Ogrr allows us to trade in-game items like World of Warcraft. [/ li]
      • BannerAdExchange allows us to buy advertising space using Bitcoins. [/ li] [/ list]
        If we make individual transactions, we can also directly transact easily. Of course just like any other online sale transaction, make sure we buy from a trusted party .

Bitcoin is one of the largest virtual currency market capitalization. In addition to bitcoin, there is also ethereum, ripple, bitcoin cash, cardano, NEM, litecoin, and so on. Currently, bitcoin market capitalization reaches 246 billion US dollars. market capitalization of ethereum and ripple respectively 133 billion and 79 billion US dollars.
Thus, until January 13, 2018, total market capitalization of virtual currency has reached 752.542 billion US dollars. The figures are based on data from CoinMarketCap .

Bitcoin does have euphoria in recent weeks. On Wednesday (29/11), the value of the currency reached USD11.000 point. Stiglitz judged that although the growth of digital currencies so fast, Bitcoin will eventually be like a "bubble" and waiting for time to break. "It gives people time when the value of Bitcoin goes up and then goes down,

There are some advantages of bitcoin is quite extraordinary in my opinion that makes a lot of people interested in the name of this bitcoin. Here are the advantages:

1. Very High Price Rise

2. Can be used as a global currency

By 2015, the home of someone suspected of being a bitcoin creator of Australian federal police. The house is occupied by an Australian businessman named Craig Steven Wright, whose name suddenly rose after Wired and Gizmodo reported. the two media mentioned Wright is Satoshi Nakamoto's real identity, the name of the bitcoin creator.

Nakamoto's original identity was previously very mysterious since the first bitcoin was released in 2009.but along with the rising value of bitcoin currency, the curiosity of many parties about the original identity of the creator continues to increase .

They are afraid because Bitcoin claims that "This is the first decentralized peer-to-peer payment network supported by its users without central authority or intermediaries." The lack of central authority is the main reason why governments are afraid of cryptoes. To understand this fear, it is important to know a little about government and conventional currencies .

Weakening and declining virtual currency, Bitcoin is thought to be due to the booming influence of Bitcoin Cash, one of the cryptocurrencies that has recently started sticking its name. Lastly, Bitcoin dropped US $ 1,000 or Rp 13.5 million (exchange rate Rp 13,500 / dollar) in 1 hour .

According to Warren, the standard bitcoin will persist and arise if the Bitcoin monetary standard becomes the dominant medium of cryptocurrency exchange. Even so, the Bitcoin monetary standard will not last long. Bitcoin is a result of technological innovation. while the payments industry will also change rapidly along with technological innovations that benefit from a better exchange tool than the cryptocurrency.

Warren mentions that this innovation will eventually come from the government, as well as from the private sector. on the other side there are other factors that also affect the Bitcoin monetary standard. Namely the pressure to return to the Fiat currency. So that monetary policy will be more active and can catch up.

In my opinion, there will be many countries trying to profit from the bitcoin market. An example is America. It was recently rumored that American politicians are asking their government to impose a tax on any bitcoin transaction worth under $ 600.

Btc is a decentralized currency, bitcoin is not created by a particular institution or institution, everyone can create bitcoin, an interesting and crazy concept. Imagine how if everyone can print their own money, but that's the bitcoin.