[Tutorial] Understanding about Cryptocurrency for Beginners

[Husna QA]

On this topic, I try to share on a regular basis about Cryptocurrency.

Hopefully, it can be useful for a newbie who just started to enter the world of Cryptocurrency
Note: If the Topics I created like this already exist and may be considered to be spam, please PM me, so I delete this post. Thank you.

Let's start learning ...

Understanding About Bitcoin For Beginners

What is Bitcoin?
Bitcoin is a digital currency that is not regulated by any country and/or institution. Bitcoin is a digital currency that can be sent over the internet.

     "Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most common currencies, bitcoin does not depend on trusting major publishers.

Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them and never be done more from one time.

The design of Bitcoin allows for anonymous ownership and transfer of wealth. Bitcoins can be stored on a personal computer in a wallet file format or stored by a third party wallet service, and apart from all that bitcoin can be sent over the internet to anyone with a Bitcoin address. The peer-to-peer bitcoin topology and the lack of a single administration make it impossible for any governmental authority to manipulate the value of bitcoins or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementations of the so-called cryptocurrency, first described by Wei Dai in 1998 in the cypherpunks mailing list."
Source: wikipedia

Who is the maker of Bitcoin?
Until now there is no definite information who actually Bitcoin maker. However, the algorithm used in Bitcoin was developed by a group of groups with the alias name "Satoshi Nakamoto". The group also released a journal explaining the cryptographic algorithm. Then in 2009, for the first time, they introduced Bitcoin and cryptocurrency network systems.

What are the advantages of Bitcoin?
Some of the advantages of Bitcoin can be sent anywhere via the Internet without going through a bank or sending agency. Can be used in any country and can not be frozen. And Bitcoin transactions are done unconditionally and there is no transfer restriction.

In addition, Bitcoin excess is that we can monitor all transactions that occur. For example, transactions made by Wikileaks website. Through the Blockchain website we can check from anywhere Wikileaks gets Bitcoin submissions and sender identities such as Bitcoin address and a number of transactions sent.

What is the use of Bitcoin?
Bitcoin has been adopted by various circles, most of which are e-commerce websites. Some of them are Bitpremier selling luxury goods. In Indonesia alone, especially Bali, some hotels and one co-working space that is already adopted HUBUD Bitcoin as a means of payment.


Next: How to get bitcoin? ........

Reference:
http://www.adigunawan.id/2017/03/pemahaman-tentang-pengertian-bitcoin-untuk-pemula.html

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[Husna QA]

Next : How to get bitcoin? ........

How to get bitcoin?
There are many ways to get Bitcoin, including:

- First, By buying bitcoin directly by exchanging official currency with Bitcoin on Bitcoin exchange.

- Second, you can get bitcoin with Bitcoin Trading, this is a bitcoin trading with buying and selling the system. For example, buy at the price of 20 million, Sell at a price of 30 million, then your profit 10 million.

- Third, you can get Bitcoin by installing an application called Bitcoin miner or also known as Bitcoin mining, this way if you have a computer with ASIC technology and GPU.

- Fourth, you can get bitcoin by renting the device I mentioned in point 2 above, this is often called Cloud mining.

- Fifth, To get bitcoin for free and just for you, you only need to do bitcoin Faucet, this faucet is your job just fill the captcha and you get paid for every minute even every hour/bitcoin claims.

- Sixth, If you have a blog/website, you can get bitcoin by placing ads on your blog/website , currently one of the sites that pay its advertisers with bitcoin is A-ads.com, if you are interested please register your blog / website to A-ads.com (Anonymous Ads), and advertise your blog, then you will be paid every 1000 impressions A-ads ads on your blog/website, his system CPM (Cost per impression).

Next
What is Bitcoin Trading? .....

Reference:
http://www.adigunawan.id/2017/03/pemahaman-tentang-pengertian-bitcoin-untuk-pemula.html

[Husna QA]

Next
What is Bitcoin Trading? .....

What is Bitcoin Trading?
Many traders, especially beginner traders, think that trading is about making a profit. The trader always thinks how to take advantage of what shares (forex) or coins (cryptocurrency) are bought. Or get a multi-fold profit from forex trading, gold/cryptocurrency, and so on. Though the notion of trading is only half of it. Then what's the other half? Read this article further to find out.

The conclusion is that trading always has two components, namely profit (profit) and loss (Loss). Whatever you do, using any trading strategy will always meet with Profit and Loss.

Bitcoin Trading Tips
In 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 the currency of our country (in Indonesian country = Rupiah) to get the result of the sale and buy not Bitcoin.

Trading Techniques If Market Condition is Super Positive
Positive market conditions mean there is a tendency Bitcoin Prices continue to rise throughout the day. For example this morning (rupiah exchange rate against bitcoin in Indonesia) price Rp.3.700.000, a few hours later Rp.3.800.000 next Rp.4.100.000 and so on.
In this condition, Bitcoin trade tends to be easy. Why ? because you simply buy at a cheap price and sell it at a price slightly higher than the purchase price. Just enjoy the profit until the market rise is finally saturated then you should stop buying and wait for the price to fall back.

Trading Techniques If Super Negative Market Conditions
Well, this is the most feared for merchant Bitcoin. What if the price tends to go down? This morning Rp.4.200.000, a few hours later Rp.4.100.000, few more hours Rp.4.000.000? If you try to buy and then try to sell at a price higher than the previous purchase price would certainly be a loss because no one wants to buy your Bitcoin well above market prices unless the buyer really needs it. Remember a buyer is also a smart person who knows how much to buy a decent price when buying.

But the market conditions that tend to fall in fact if we are enough SMART has its own advantages

Trading Techniques When Stagnant
Stagnant market conditions tend to be boring but this has its own advantages for small-medium traders. Why ? because the price is very predictable! Simply put a net buy price at low and the selling price is slightly above the purchase price than the gain in earnings. Repeat every hour.

How to Trading Bitcoin/Cryptocurrency To Always Profit
Bitcoin trade is a high-risk activity. Bitcoin prices fluctuate, where prices can change significantly over time. Please use extra consideration in making a decision to buy or sell Bitcoin.

Reference:
http://www.adigunawan.id/2018/02/panduan-analisa-harga-cryptocurrency-dan-cara-trading-bitcoin-agar-selalu-profit.html