Everything you need to know about the Bitcoin

[Yari_k]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

[1713938162]

1713938162

[JCO05]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Mayner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

As we all know, bitcoin can be beneficial in many ways and it would only become beneficial if we are aware of its wonders and benefits that may change the way we are living. If we have a business mind, we would totally wait for something that will make us wealthy involving the interference of bitcoin. Bitcoin will always be a good thing and understanding it will make us feel good for different reasons.

[Marto4ka]

Very interesting and useful information. If I had a merit, he was yours.

[Andrews193]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Mayner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

I'm very thankful for your post, I'm a beginner in Bitcoin, and maybe everything about Bitcoin here has it all, but I'm still wondering why the Bitcoin principle is still there. Unpublished as well as many countries banning Bitcoin. This should be resolved before Bitcoin is officially released.

[hase0278]

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

I like your explanations but I think you need to change this. Instead of the title, it should be "why Bitcoin price is volatile". Explanation s should also be revised as well. Do not explain why rise happen but rather, try to elaborate why price goes up and down from time to time for others to understand. You might also want to correct the spelling of "Mayner" it should be "Miner".

[Yari_k]

I like your explanations but I think you need to change this. Instead of the title, it should be "why Bitcoin price is volatile". Explanation s should also be revised as well. Do not explain why rise happen but rather, try to elaborate why price goes up and down from time to time for others to understand. You might also want to correct the spelling of "Mayner" it should be "Miner".

Thank you for editing. But when I start to find out why the price is sometimes growing and sometimes falls, this is a completely different topic.

In this article I would like to explain in general what Bitcoin is. And I brought a couple of examples. I took all this from my head. And the material will look like this, in my opinion, he must make out

Perhaps in the future I will try to write some kind of topic about the growth and fall of Bitcoin.

[13abyknight]

-snip-
10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.[/size]

What is this part doing here? I believe while you're providing information as good as the nine points above, all the negatives should be ignored as they surface out to be plots for an entity's own benefit. Bitcoin is here to stay and all the bubble accusations have already been proven wrong and focuses on keeping the level a notch above everything else.

[Yari_k]

What is this part doing here? I believe while you're providing information as good as the nine points above, all the negatives should be ignored as they surface out to be plots for an entity's own benefit. Bitcoin is here to stay and all the bubble accusations have already been proven wrong and focuses on keeping the level a notch above everything else.

  Again. This article was written as I see it. If you have a desire to change something, write your vision.
If you read it carefully, it says that many people thought bitcoin was a bubble and talked about it - but put in it money. Accordingly, you can conclude about bitcoin.
  I believe that the material was useful, we must write two sides of the medal. And consider the opinion of others.
  I do not remember who said, but "Everyone has the right to their opinion". Somehow. Thank you!

[ClackKendi]

I know bitcoin is a digital currency that has existed for nearly 10 years in the market. Investors will use it to invest in the ico then they will be stocked and the company will have the ico program to call capital for production business ....

[Yari_k]

I know bitcoin is a digital currency that has existed for nearly 10 years in the market. Investors will use it to invest in the ico then they will be stocked and the company will have the ico program to call capital for production business ....

Perhaps you are in some sense eligible for an investment in the ICO. It would be very fictitious. But I think something that most investors are investing in bitcoin is not in ICO

[ov3rflow9x]

Why don't you thinking about BTC as an opportunity to get money? It's volatility allow to have big incomes on even day trading.

[Heroonnone]

Good article for understanding the main thing about bitcoin. I think Bitcoin is not a bubble, but the speculats with this instrument can lower the price or make it too expensive.

[stolik1997]

I recognise Bitcoin as a step to decentralisation in general. BTC as a phenomenon means that demand for an unregulated and anonymous (well, bitcoin is not totally anonymous, still) currency is huge and sooner or later we'll see that countries' borders mean nothing.

[pureheart]

This article really help me. Thankyou so much for your effort about this topic. This is very knowledgeable especially for me.
Bitcoin must be introduced to a lot of people because we all know that it really help a lot especially earning extra money.

[MinerHQ]

Why don't you thinking about BTC as an opportunity to get money? It's volatility allow to have big incomes on even day trading.

If you fail to time the market then you can easily lose your money every day. Yes, we can make a money from this highly volatile market but it is not easy for everyone and every day. Many experts also failed to time the market so don't think that you and everyone can easily make money from this highly volatile market.

I know bitcoin is a digital currency that has existed for nearly 10 years in the market. Investors will use it to invest in the ico then they will be stocked and the company will have the ico program to call capital for production business ....

Perhaps you are in some sense eligible for an investment in the ICO. It would be very fictitious. But I think something that most investors are investing in bitcoin is not in ICO

These days people want fast money so they are exploring more ICO investments than bitcoin investments. But suggest one should invest their more than 50% to 60% crypto investments in Bitcoin and rest diversify in other coins.

[Jonsnowstark]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

This information is useful for all the newbie. They must learn and know where bitcoin all started. And they should know on what they need to do and how to use bitcoin. Most people in the world knows about bitcoin but they don't have any idea what bitcoin is. Thanks for this information this is a big help to others.

[Supercrypt]

Why don't you thinking about BTC as an opportunity to get money? It's volatility allow to have big incomes on even day trading.

If you fail to time the market then you can easily lose your money every day. Yes, we can make a money from this highly volatile market but it is not easy for everyone and every day. Many experts also failed to time the market so don't think that you and everyone can easily make money from this highly volatile market.

Yes. The state at which we are in this world in general now, it is more like virtually everyone wants to make money quickly within a twinkle of an eye without working or having patience for it and that has really brought about a lot of greed in our society today which is the same thing that is telling on the market at this stage.

Good growth is good and that which only real demand is pushing up and not just some speculations. However, looking at the volatility rate of the market, it is important to always invest what any investor can afford to lose. It is a general thumb rule for all us regardless of how long we will be holding our bitcoins.

[Flayme]

The creation of bitcoin is the greatest thing that man's created,  Bitcoin has an advantages and disadvantages maybe there was no perfect  things created even bitcoin and cryptocurrency. It defends on people how to used this whether in good or bad things the important is we are as humans used bitcoin to earn money and for us to have a better future. Although bitcoin is very risky we accept all of this because we know in this world we could be successful without failures.

[ov3rflow9x]

Those governments that are sincere with that and are honestly working for their people have made cryptocurrencies legal as soon as it was after its creation such as Japan, USA and others

[hacker1001101001]

Great information! This gives a proper definition about what Bitcoin is and how the crypto world work. It also explains the benefits and some drawbacks about using crypto. But I think it is only a way of thinking about crypto if we can use this block chain technology properly than it is a very great technology like internet. This will surely be used in most of the fields in the future.

[raven7886]

Good article for understanding the main thing about bitcoin. I think Bitcoin is not a bubble, but the speculats with this instrument can lower the price or make it too expensive.

Apparently, bitcoin can never be a bubble as a bubble is something with no value at all and the last time I checked, bitcoin has solved a lot of problem that fiat could not solve. Nevertheless, we have to understand that the price of bitcoin at a point in time can be in a state of a bubble which is very normal most especially when all that is driving the market is fueled by greed and not real demand, this is where we always get to see those deep corrections after a huge bull race.

Bitcoin prices are being driven by its popularity which is the core reason for creating demands. Anything which is not having proper reasons and potential may get failed over time but price appreciation of it may happen until its potential is proved wrong. I believe that bitcoin has all the reason hence its price levels are booming and I believe no one will be able to prove these booming are just bubble by exposing those reasons.

[naidray]

Why don't you thinking about BTC as an opportunity to get money? It's volatility allow to have big incomes on even day trading.

It is easy to say you want to make money from the volatile market and then it is easy to lose it all if all you are doing is gambling your position. The thing generally with trading is that you need to have a huge level of knowledge coupled with experience to be able to trade any market and it is not as easy as it looks. For those who may really want to take it serious or be a whole lot dedicated to learning, it is actually a step towards making a lot from it.

If OP's concern is letting us aware of bitcoin market is a bubble then probably this is not the "everything" we all need to know. I read somewhere in this forum that people term the rise of bitcoin from $10k to $20k as bubble whereas rise up to $10k is the actual growth of bitcoins. This means bitcoin market is not exactly a bubble market but may have some of it time to time.

If $10k is the right price for bitcoin by this time then bitcoin market is already doing perfect. It means market is fluctuating between $11k to $6k. In this price range there could be some bubble and some real value due to growth of bitcoins in terms of adoptions.

[googs84]

Thats a good amount of information really. Nicely represented with question and answer form. However I did not know that a bitcoin miner is called as cryptology!
Thats something new I learned from this article so thanks for that one. Rest of the things are generalised ideas about the bitcoin and crypto currencies as whole. I am pretty sure this will help the juniors and other new people to understand the bitcoin more.

Just to add to others who believe that its bubble I am the one who doesn't think like that way. I mean come on its been 9 years now and still this bubble isn't burst. So logically its not the one.

[joykulot]

Wow, this article is very useful for me and to others that is new in cryptocurrency. That is a great information that I need to know.  It has a proper info and it will increase my knowledge.

[senne]

Sincere efforts to help newbies get aware of this technology. Despite it just covers the upper layer of this system, will still cover doubt for many users. This clearly shows that dedicated search and time is spent on creating this article. But unfortunately you are late in posting this article, as there are already many help articles and some of them are donated by Lauda on this form, here are few links to the pages which can further help to know bitcoin.

https://bitcointalk.org/index.php?topic=1631151.0
https://bitcointalk.org/index.php?topic=1629118.0

[Wasaisisi]

I am very grateful for the information you provide. Such basic information is very mandatory to understand for beginners like me. Maybe after reading all the explanations, I just need to look for additional information in order to add knowledge about bitcoin and crypto world.

[Vendetta666]

This is very useful to all newbie, to join their but no idea what bitcoin is. This is full basic  information what newbies want to do. Or to increase their knowledge. Good job friends. I will assure you, I give this links to others.

[beerlover]

I recognise Bitcoin as a step to decentralisation in general. BTC as a phenomenon means that demand for an unregulated and anonymous (well, bitcoin is not totally anonymous, still) currency is huge and sooner or later we'll see that countries' borders mean nothing.

That step to decentralization is one step that has truly changed everything and even though it may be pseudo anonymous, which still does not change the fact that it really is disrupting a whole lot of things for the better. So far so good, it is obvious that the fact that we can do a borderless transaction without a third party is one of the things that is making so many real believers of bitcoin to get into this train except for just some few greedy people who want to make quick bucks overnight.

[Vs225655]

Very useful information. I liked this article, it is useful for a beginner.

Sorry, the author most likely blocked him. Found this on the forum https://bitcointalk.org/index.php?topic=3392516.0

[menloone]

Thanks! 

[FlightyPouch]

I am very grateful for the information you provide. Such basic information is very mandatory to understand for beginners like me. Maybe after reading all the explanations, I just need to look for additional information in order to add knowledge about bitcoin and crypto world.

And I just hope a lot of members here are like you who reads informations like this since there are some that don't really care what they are doing but just care what they are earning.

At first I did search the internet for Bitcoin and there are a lot of articles in the internet that you can read and will really help you.

[JackdunR]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

Content too long, they make me dizzy. I can not read many words. Perhaps I am a weak person in reading and comprehension. But I also thank you for sharing this precious knowledge for everyone.

[carlisle1]

Great thread here,very useful and trustworthy post this is much worth to read than l those useless and nonsense posts.if not fud,some fake news or most are false hopes.

Sulute you for this mate and continue to do this effort as we wanted to help others here to learn and explore cryptoworld in better way not just for profit but for technology too

[Daniel91]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

Very good, short and clear explanation about bitcoin for the beginners or employed people who do not have too much time to read and explore.
You really gave me inspiration with your post. I may even share it with my friends who don't know yet about bitcoin but don't have time for long research.

[no0dlepunk]

I hate it! The list is all about rumors not the technology itself... these are not the "EVERYTHING" I need to know about bitcoin. Anyway, it would be more helpful if our dear readers would just go directly to these sites: https://bitcoin.org/ to know more about the real deal. Or you may also visit: https://www.bitcoin.com/ to become a Dragon Slayer.

But honestly, people must read the whitepaper so they may understand the real purpose of bitcoin; and that is EVERYTHING you need to know about it.

[Faxmate]

I am very grateful for the information you provide. Such basic information is very mandatory to understand for beginners like me. Maybe after reading all the explanations, I just need to look for additional information in order to add knowledge about bitcoin and crypto world.

And I just hope a lot of members here are like you who reads informations like this since there are some that don't really care what they are doing but just care what they are earning.

At first I did search the internet for Bitcoin and there are a lot of articles in the internet that you can read and will really help you.

Agree with you, we are not here only to earn money but actually we are here to share our knowledge and gain knowledge about bitcoin, we should teach good ways of making money through bitcoin by using our knowledge, we should read and share at the same time, reading about anything use to enhance our knowledge so never stop reading, at the same time try to share as much as possible but good, encouraging and informative stuff about bitcoin.

[Majharul Saiif]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

wow,I also learn from here.I think this post will help many person who want to know about crypto currency details.Everyone need to know about those .

[Domenc]

I hate it! The list is all about rumors not the technology itself... these are not the "EVERYTHING" I need to know about bitcoin. Anyway, it would be more helpful if our dear readers would just go directly to these sites: https://bitcoin.org/ to know more about the real deal. Or you may also visit: https://www.bitcoin.com/ to become a Dragon Slayer.

But honestly, people must read the whitepaper so they may understand the real purpose of bitcoin; and that is EVERYTHING you need to know about it.

I know white paper is important to understand the technology better but here this article is just an overview of the system. It is very difficult to crate interest by reading white paper or reading at sites directly, hence such source of information help to grab new users. Once they read this article they will get the basic meaning of Bitcoin and then further research about it due to their curiosity.

[ov3rflow9x]

I have my personal reason for buy bitcoin, I need to invest my money in btc since it given me a chance to earn good profit for just investments

[Epimetheus]

I know bitcoin is a digital currency that has existed for nearly 10 years in the market. Investors will use it to invest in the ico then they will be stocked and the company will have the ico program to call capital for production business ....

Bitcoin is one kind of crypto currency created by satoshi Nakamoto in 2009. After seeing the success of Bitcoin there are many other crypto currency are discovered . Bitcoin is world first decentralised digital currency which means it can't control by a single person or authority. Bitcoin is mainly used for money transaction because bitcoin provide world most safest and uninterrupted money transaction. And all transactions record in Blockchain. Which is known as heart of Bitcoin. Bitcoin is not globally accepted. Both Internet and electricity need for it access. In order to use bitcoin their no need of experience or age certificate. In many countries it work government to reduce unemployment issues in their country. Many economist see Bitcoin as a future currency. 

[bitcad4u]

You had shared the very useful information.Now many new people came to forum and struggle to get huge information about bitcoin in a single shot.This will help them.And we still don't know who is Sathoshi till now .Who ever it be,he /she will enjoy their life with the holding bitcoin.

[coinhunt]

Thank you for this informative article. I think bitcoin is the future and we need to accept new technologies of our days.

[Getcoinsite]

First i wanna thank you for this long story its such great read.
Knowing everything inside cryptocurrency is one hard task but if we will got to make it then future is all yours

Thank you for this informative article. I think bitcoin is the future and we need to accept new technologies of our days.

Ye youre right this is one of the best articles compared to those nonsense that sometimes started a trouble in this forum

[jeraldskie11]

Very great, promising and interesting statement you made this is very helpful especially to those people who have newbie here because this information will help them to get ideas and knowledge about bitcoin and how it works. Its very good and originate information. Many people appreciate you do, your such a big heart because you want to help many people.

[ov3rflow9x]

I thought that recently btc are get more popular, and it's demand in investors and people that rising which turn in increases bitcoin prices again.

[RolandoBTC]

So much useful all details are very much helpful,better to know all the abouts of bitcoin while using on it.

[Ewinsane]

Very great, promising and interesting statement you made this is very helpful especially to those people who have newbie here because this information will help them to get ideas and knowledge about bitcoin and how it works. Its very good and originate information. Many people appreciate you do, your such a big heart because you want to help many people.

Your article is no doubt very good but I think that one should also his own to fully understand what cryptocurrency is and what the tactics to earn money from are investing in it. Then he will be more satisfied. New investors should collect data and information from sources he can because as many information he collects he will be successful investors.

[SolomonSollarsNSense]

First i wanna thank you for this long story its such great read.
Knowing everything inside cryptocurrency is one hard task but if we will got to make it then future is all yours

Thank you for this informative article. I think bitcoin is the future and we need to accept new technologies of our days.

Ye youre right this is one of the best articles compared to those nonsense that sometimes started a trouble in this forum

Yeah it is good and also valuable for new investors in cryptocurrency. All those who want to enter in this world should know about basic things about cryptocurrency. With the passage of time they will know all about crypto. Market research and keen observation are mandatory to get awareness about cryptocurrency. It is necessary to earn money from crypto.

[Ridwan Fauzi]

I read thoroughly your thread and it is important to read everybody, a newbie who seems to need enlightenment to know what a bitcoin is. As long as I know, in this forum some people who still do not believe in bitcoin. They ask the future of bitcoin because many consider bitcoin to be a bubble. And I guess this thread will straighten their opinion of bitcoin.

[BitProNews]

I read thoroughly your thread and it is important to read everybody, a newbie who seems to need enlightenment to know what a bitcoin is.

The easiest simple search on google about bitcoin will generate an infinity of explanations about it. Newbie in bitcoin forum should have a general summarize about the bitcoin environment.

As long as I know, in this forum some people who still do not believe in bitcoin. They ask the future of bitcoin because many consider bitcoin to be a bubble. And I guess this thread will straighten their opinion of bitcoin.

I heard about those users in this forum who don't believe in bitcoin and crypto. They are like olders drinking in a bar and criticizing the bar and the custmers.
 Let me know if you know one of them.

[1Referee]

I read thoroughly your thread and it is important to read everybody, a newbie who seems to need enlightenment to know what a bitcoin is. As long as I know, in this forum some people who still do not believe in bitcoin. They ask the future of bitcoin because many consider bitcoin to be a bubble. And I guess this thread will straighten their opinion of bitcoin.

Nope. The newbies we're dealing with here are too stupid and so reward focused that they ignore everything of value. If you're not here to learn and spread knowledge about Bitcoin, you won't even invest one minute of your time in getting to know the basics of Bitcoin and this market. Also, most people here only look at the title and then quickly proceed to the last page to drop an empty post.

We should just accept that it's not possible to help people that don't want any help. We're living in a time where everything is just a few clicks away, and if you aren't willing to do basic research yourself, then know that nothing is going to work. The only thing you can do to make these people read the OP is to offer a reward for it.

[adzino]

Your article is no doubt very good but I think that one should also his own to fully understand what cryptocurrency is and what the tactics to earn money from are investing in it. Then he will be more satisfied. New investors should collect data and information from sources he can because as many information he collects he will be successful investors.

If your intentions to join and use crypto currencies is to make fiat profit purely, then you do not need to "understand what crypto currency is" since there is nothing much to learn about the technology when you think about the profits only to be honest. But that is truly sad, since crypto currency was formed to replace fiat currency and use it to make day to day transactions, not use it as an asset.

[prtty2gal2]

Op you really tried, not many people in this forum will have the time for teaching others this and helping out newbies. This is really a good post you have taken your time to work on. By the way, I don’t think there is any reason for you to take it against banks, there is nothing wrong with making use of banks, and I can assure you that banks are the most reliable for saving your money  and of course you have the right to take your money from the bank whenever you want it, you can even close your bank account anytime you choose; if it’s not like that in your country, then I’m sorry and you have them to blame for it. You will only have problem with bank when there are suspicious transactions coming in and out.

[ajochems]

Great information.Nice work buddy.It may help some people,new to this bitcoin world.I like the transaction part of bitcoin, which you shared.You will get deep information of  bitcoin transaction equivalent to dollars in the trading site itself.I had using localbitcoin from long,the transaction fee is low in LBC.

[savelevv]

Thanks for giving all information about bitcoins at one place. Please work on the format in future posts.

[NavI_027]

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

Hmm, I strongly disagree with sir Joseph. I'm not saying that bitcoin is purely good because it obviously serves as the gateway of bad people to do their transactions on the deep web but I think saying "does not perform any socially useful function" is way too much. I'm pretty sure that Satoshi Nakamoto has no intention to use his invention for bad purposes, it's just like that it is inevitable to prohibit this technology from evil hands.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.[/size]

So you are also believing that btc is only a bubble that will burst anytime? That people will lose interest to it someday? I don't think so . I'm not getting overconfident but I really sense that btc and the concept of cryptocurrency as a whole will stay unless mankind find a new system better than this.

[guoyu78]

Your article is no doubt very good but I think that one should also his own to fully understand what cryptocurrency is and what the tactics to earn money from are investing in it. Then he will be more satisfied. New investors should collect data and information from sources he can because as many information he collects he will be successful investors.

If your intentions to join and use crypto currencies is to make fiat profit purely, then you do not need to "understand what crypto currency is" since there is nothing much to learn about the technology when you think about the profits only to be honest. But that is truly sad, since crypto currency was formed to replace fiat currency and use it to make day to day transactions, not use it as an asset.

Well yes you are right. If someone is just thinking of getting profit from bitcoins and other crypto currencies and he think of nothing other than this, then learning about crypto is just wastage of time for him. But everyone must be responsible for something more than only earning profits. That is to promote bitcoins, talk good about them, and convince other people for bitcoins.

[alizalela7]

Bitcoin (BTC or XBT) is the currency of the internet, a decentralized, encrypted digital currency, and released in 2009 that is widely used in ecommerce, First and foremost, the birth of Bitcoin is considered by many as a revolution in the world

[patarfweefwee]

Thanks for the infon if i were a novice, this would've heloed men understand what I'm getting into. Thisnshould be placed in the Novice boards or the beginner board so that new members could read this. But for one thing, i don't believe that crypto currencies are bubbles that will pop anytime. It will be stable and it will be the world's new currency.

[NewRanger]

Your article is no doubt very good but I think that one should also his own to fully understand what cryptocurrency is and what the tactics to earn money from are investing in it. Then he will be more satisfied. New investors should collect data and information from sources he can because as many information he collects he will be successful investors.

If your intentions to join and use crypto currencies is to make fiat profit purely, then you do not need to "understand what crypto currency is" since there is nothing much to learn about the technology when you think about the profits only to be honest. But that is truly sad, since crypto currency was formed to replace fiat currency and use it to make day to day transactions, not use it as an asset.

Well yes you are right. If someone is just thinking of getting profit from bitcoins and other crypto currencies and he think of nothing other than this, then learning about crypto is just wastage of time for him. But everyone must be responsible for something more than only earning profits. That is to promote bitcoins, talk good about them, and convince other people for bitcoins.

talk and promote about bitcoin it self make community going bigger and bigger.and after that , we can enjoy positive effect from  that.earning profit and gain money every month.

[DBronze98]

But the information you give is the information I have known before and this information I read it before joining Crypto. Bitcoin is a currency of the future, but it is also a weapon that can destroy the safety of the whole world.

[p i e c e]

Thank you for this article, bro. I hope that everybody, even experienced traders found it useful. You can also watch this: https://www.youtube.com/watch?v=2X9eJF1nLiY&t=2s

[cabalism13]

Although you have done a good job, but still I don't think it's necessary to make all the fonts that BIG. It was already readable on its default fonts.
As you see, if you have a better information to share it doesn't matter if it's small as long as it is readable, so I suggest that you make it more simple.
Well Done, for this little introductory of BITCOIN.

[pusa aso]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

yes because bitcoin is very very important and you will get deep information of bitcoin transaction......... and bitcoin  is useful your such a big heart because you want to help many people

[Raphagalthena2]

this information is so old now, i was read this articles for like 3 years ago and now you just copy and paste it.

[Deubila]

But the information you give is the information I have known before and this information I read it before joining Crypto. Bitcoin is a currency of the future, but it is also a weapon that can destroy the safety of the whole world.

The article may be old with someone who has read it but its value is still for newcomers to know the things in this financial market. The future of electronic money will be more advanced and bring value to the financial community as well as applications in the daily living of people. It is of the future of civilized riches.

[carlisle1]

Nice story telling thanks for this,but bitcoin was created in 2009 not 2010 so maybe theres some correction to be made

this information is so old now, i was read this articles for like 3 years ago and now you just copy and paste it.

really?can you provide the old thread mate?so we have proof of being copy paste.anyway i wasnt here three years ago so i dont have a chance seeing the same thread unless it has been re opened to discussion

[dobladonadouble]

I think Bitcoin isn't an air pocket, however the speculations with this instrument can bring down the cost or make it excessively costly. A great article, though. Very informative.

[MadisonWood1212]

Bitcoin (codenamed: BTC, XBT, BitcoinSign.svg) is a codeword, invented by Satoshi Nakamoto in open source software since 2009. Bitcoin can be exchanged directly with a connected device. Internet without the need of a financial intermediary. Bitcoin has a different approach than typical currencies: No central bank manages it and the system operates on a peer-to-peer Internet protocol. Bitcoin provisioning is automatic, limiting, scheduled to be based on algorithms. Bitcoins are provided to "Bitcoin" diggers to pay for Bitcoin transaction verification and to write them to the ledger scattered in the peer-to-peer network - known as the blockchain. This ledger uses Bitcoin as the accounting unit. Each bitcoin can be subdivided into 100 million smaller units called satoshi. In order to be accepted by the whole network, the new block must contain proof-of-work. Proof-of-work requires a peer to search for a nonce, which, when the contents of the block are hashed (cryptographic hash function) and nonce, produce a number that is smaller than the target number of the network. the higher the difficulty, the higher the difficulty). In other words: Proof-of-work is easy for computers to validate, but it's extremely time-consuming to create. The diggers must try many different nonce values before reaching the level of difficulty required by the network. Every 2016 blocks are generated (takes about 14 days), the difficulty is automatically refined by the network based on the capabilities of the entire network, with the goal of keeping the time between newly created blocks is 10 minutes. From March 2014 to March 2015, the average number of bees tested by the excavator before the creation of the new mass has increased from 16.4 billion to 200.5 billion billion.

[AndreaPhillips]

Privacy
Bitcoin is a semi-anonymous currency, meaning the amount is not associated with the entity in the rea world, but is associated with the Bitcoin address. Bitcoin address owners are not explicitly defined, but the back of the transaction is public. In addition, transactions can be linked to individuals or companies through transactional analysis (for example, if the transaction spends from multiple sources, the sources may be shared by the owner). and the combination of data coming from identified sources (Bitcoin trading platforms may be required to store user personal information). However, as with cash, it is relatively difficult to determine which Bitcoin addresses to associate with. For increased privacy, each transaction requires a new Bitcoin address.
The evolution of Bitcoin software
Bitcoin software is released as open source, ie anyone can view the source code and change it. When there is a new feature to include in Bitcoin, the software developer will issue a Bitcoin Improvement Proposals (BIP), which includes a pull request on Github. Users will vote on the features they agree to by downloading the Bitcoin version. Even if Satoshi proposed a change that the user did not want, they could choose not to download and run it. Bitcoin, as well as other open source projects, is a kind of unbridled democracy - a new way to dominate human online behavior. Each computer is a vote, and anyone can make a new law. Since Bitcoin is an evolutionary software, other codecs are hard to compete with.

[Leenkoranan]

I c this is what bitcoin is all about,came from and started when.,we should know what this bitcoin all about for better understanding,.we really appreciate this bitcoin came into our lifes and make us more better than our worst life before.,it helps us now in our financial problems,.so im glad to be one in this world of cryptocurrency.

[xuzukami]

I have nothing to say, but I know that something is quite important when you decide to trade or hold a BTC, which is always good security, hackers always stalking our account. So always put security on top.

[dioanna]

-snip-
10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.[/size]

What is this part doing here? I believe while you're providing information as good as the nine points above, all the negatives should be ignored as they surface out to be plots for an entity's own benefit. Bitcoin is here to stay and all the bubble accusations have already been proven wrong and focuses on keeping the level a notch above everything else.

i think its okay to input positive and negative sides , specially if this idea do exist.
its a healthy argument that leads to discussion and stating the facts to just speculations.

[shawn995]

Incredible data! This gives an appropriate definition about what Bitcoin is and how the crypto world function. It additionally clarifies the advantages and a few downsides about utilizing crypto. In any case, I think it is just a state of mind about crypto on the off chance that we can utilize this square chain innovation legitimately than it is an exceptionally incredible innovation like web. This will unquestionably be utilized as a part of the vast majority of the fields later on.

[Jrfranco]

this information is so old now, i was read this articles for like 3 years ago and now you just copy and paste it.

so funny that you read it 3 years ago yet your account rank is still newbie
if you find the information very basic because obviously its for the rookies and uninformed.

[MelissaAnderson11]

Bitcoin is the most common codec, first introduced, and most widely used in e-commerce. Businesses tend to want to pay by Bitcoin to minimize costs. By July 2018, Bitcoin's base currency was valued at more than $ 109 billion - the largest denomination of any money. The significant fluctuations in the value of each bitcoin have criticized Bitcoin's economic suitability as a currency. The built-in Bitcoin protocol is blockchain technology. All purchases and sales are updated on a peer-to-peer computer system, called a blockchain - a ledger that records the balance of each account and the history of all accounts. Join the previous transaction. So what is Blockchain:
Blockchain, the original name of a blockchain, is a hierarchical database that stores information in blocks of data that are interconnected by encryption and expands over time. Each information block contains information about the time it was created and linked to the previous block, including a time code and transaction data. The blockchain is designed to resist the change of data: Once the network has accepted the data, there is no way to change it.

[mensahkkofie]

The article was really helpful, it gives a good introduction of bitcoin that newbies can easily comprehend. Bitcoin is certainly the future currency of the world. The advantages of bitcoin is far greater than the dangers that it pose. The world of business transactions will  largely improve when bitcoin is fully accepted by  all people across the globe.

[frowsiter]

This is nicely arranged article mate and it will helpful for many newbies here. Even seniors too, good info.

Now coming back to the discussion mode here, I hate the people who keep saying that its anonymous and used by traffickers for their own use and ruining the regulatory system at all.

I guess during this process they completely forget that even fiat can be used for smuggling , trafficking and stuff like that so does that mean one should go and ban the fiat as well ? Come on man, bitcoin was created for ease of transaction. If bad people are ruining it then why good people has to suffer!

Referring to this point here :

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

[Kingsingle]

The first thing you need to know is how to secure your coin safely in the hold time, many people do not care about it, until the hacked hackers start to regret and then late

[AliciaHenry12]

Transaction fees may apply to new transactions depending on network resources. In addition to transaction fees, diggers are also paid for creating blocks containing transaction logs. Every 10 minutes, a new volume is designed with the amount of Bitcoin allocated. The number of bitcoins awarded to each block depends on the network lifetime. In July 2016, 12.5 bitcoins were assigned to each new block. The inflation rate will be halved to 6.25 bitcoin in July 2020 and continue to fall by half in each of the four years until a total of 21 million bpd are released in 2140. In addition to digging bitcoins, users may obtain Bitcoin by exchanging Bitcoin for the sale of currency, goods, or other services. On October 5, 2009, Bitcoin's initial value was set on the trading floor, starting at the US $ 1, or 1,309.03 bitcoin (or 1 bitcoin = $ 0.00076). This value is calculated by the cost of electricity consumed by a computer consumed when digging out Bitcoin.
The Bitcoin development community had gradually lost contact with Satoshi since mid-2010 after he gave Gavin Andresen an alert when the Bitcoin network was hacked. This key can be used to alert the entire system to stop the transaction. This alarm key is then canceled to increase the bitcoin dispersion. So far, the exact identity of Satoshi Nakamoto is unknown. On October 22, 2010, Bitcoin was first used to buy merchandise - two pizza for 10,000 bucks, equivalent to $ 25 at that time.

[hatsoff2btc]

Incredible data! This gives an appropriate definition about what Bitcoin is and how the crypto world function. It additionally clarifies the advantages and a few downsides about utilizing crypto. In any case, I think it is just a state of mind about crypto on the off chance that we can utilize this square chain innovation legitimately than it is an exceptionally incredible innovation like web. This will unquestionably be utilized as a part of the vast majority of the fields later on.

Yes this is Topic is very helpful especially for newbies and I think the mods here should pin it to the top cause I usually some newbies posting new Topics and asking questions on what is Bitcoin and how it works. And for the way we utilize this new form of technology, I don’t think it’s really easy for us to be making use of this as we do with regular currency cause of its nature.

[MeganRice1212]

Payment Method Unlike a credit card, the cost of sending Bitcoin is voluntarily paid by the sender (not the recipient). The higher the Bitcoin cost, the better the deal. Bitcoin payments are much cheaper than paying for a credit card or transfer. For international payment via credit card, the business side will lose 2-3% of card payment costs and customers will lose about 5% of the foreign exchange fee. Bitcoin fees do not depend on the amount of deposit, making Bitcoin very attractive to those who want to deposit large amounts. Example: Millions of dollars worth of bitcoins can be sent anywhere in the world with just a few pennies paid to the diggers.

[davinchi]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

That part on whether it’s a bubble or not a bubble, lol, people always say that they don’t know whether it is a bubble or not a bubble. Well, I think it’s a bubble judging from the way the price is going up and down, it’s way too much. All these billionaires and rich people calling Bitcoin fraud and all sort of names are all just tricksters and fools.

It’s likely to be that they are investing secretly in Bitcoin, but when they come open they pretend they don’t and call it a fraud. Lol, never trust such people.

[MaryClark12]

The investment in Bitcoin
There are many ways to buy or sell Bitcoin: placing orders to buy or sell Bitcoins on the exchange, either directly through a broker, or at Bitcoin ATMs. Bitcoins are often traded as a form of investment. Some investment funds are interested in Bitcoin. Typically, Bitcoin 21 Inc received $ 116 million in financing, Coinbase received $ 106.7 million, Peter Thiel personally invested $ 3 million, and Winklevoss spent $ 1 million. $ 5 million. Investors include big names such as Andreessen Horowitz, Khosla Ventures, Google Ventures, RRE Ventures, NYSE, Pantera Capital, Goldman Sachs, Nasdaq, and BBVA. By the end of 2015, significant investors in the world have invested a total of more than $ 1 billion to develop Bitcoin companies. According to a study by the University of Cambridge in 2017, about 2.9 million to 5.8 million global users are using encrypted wallets that are primarily Bitcoin. Bitcoin investments, as well as gold or foreign exchange channels, contain risks and concerns about a kind of financial bubble in the commercial sector on the Internet. Barry Silbert, chief executive of Nasdaq Private Market, commented: Bitcoin is the riskiest and profitable investment channel today. Economists have recommended that central banks reserve between 0.01% and 5% of their foreign reserves for Bitcoin to protect against currency risks.

[dewildance]

It's one of the most comprehensive articles I've ever read about Bitcoin. An article with a larger content may also be useful.

[BrookeClarke]

Thank you for helping the newbie to understand Bitcoin. Such articles are very useful

[ordeath]

This reading was the most insightful and useful that I have ever read on this forum so far, so if I would have some merits free I would definitely give it to you. Thank you bro for that global and detailed explanation, some of the things I have already knew of course but some were new for me even.

[Ganbound]

I have nothing to say, but I know that something is quite important when you decide to trade or hold a BTC, which is always good security, hackers always stalking our account. So always put security on top.

These are the basic of crypto trading no doubt about it. But I think that there so many other measures which are also too much import to keep in mind while entering in crypto trading. One of the most important think is to get some experience before putting big money in trading.

[virasog]

It's one of the most comprehensive articles I've ever read about Bitcoin. An article with a larger content may also be useful.

I agree with you that it is one most of the comprehensive articles which give us many answers about bitcoin. Although it is long article but it is helpful for a newly trader, like when i came in bitcoin field, then i searched about these type of articles.

[noormcs5]

Incredible data! This gives an appropriate definition about what Bitcoin is and how the crypto world function. It additionally clarifies the advantages and a few downsides about utilizing crypto. In any case, I think it is just a state of mind about crypto on the off chance that we can utilize this square chain innovation legitimately than it is an exceptionally incredible innovation like web. This will unquestionably be utilized as a part of the vast majority of the fields later on.

Yes this is Topic is very helpful especially for newbies and I think the mods here should pin it to the top cause I usually some newbies posting new Topics and asking questions on what is Bitcoin and how it works. And for the way we utilize this new form of technology, I don’t think it’s really easy for us to be making use of this as we do with regular currency cause of its nature.

Yeah, it is true, this article really helpful for a new trader  and it is in detail, in this cause, it is give us many answers about our confusion as a newbies. Now today everyone want to know about bitcoin, then i think these people need to read this article for hidden questions. Again as i usually mention knowledge is must if we need to grow in whatever field and same applies on bitcoins and other digital assets.

[paynercash]

Incredible data! This gives an appropriate definition about what Bitcoin is and how the crypto world function. It additionally clarifies the advantages and a few downsides about utilizing crypto. In any case, I think it is just a state of mind about crypto on the off chance that we can utilize this square chain innovation legitimately than it is an exceptionally incredible innovation like web. This will unquestionably be utilized as a part of the vast majority of the fields later on.

What bitcoin has done for the community is the development of technology. And there are many good things that have come up with people, it gives them good returns. Especially shorten the transaction time and do not take much service costs. Rapid transactions and exchanges between countries are very convenient, which are the things bitcoin has given life.

[princejohn19]

This post is so helpfull to many newbies all they want to know about bitcoin is here so that it can help them to know a lot with bitcoin.

[Zadeket]

It's one of the most comprehensive articles I've ever read about Bitcoin. An article with a larger content may also be useful.

Everyone involved in bitcoin must always observe the development of bitcoin, because it will affect the bitcoin trade. That is, the information is related to the rise or fall of bitcoin prices, so that the analysis and proper execution time in bitcoin trading will increase profit opportunities.

[charlotte04]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin

The starting price of bitcoin, set in 2010, was less than one cent. On November 29, 2017, he crossed the mark of $ 11,000. The rapid rise in prices for it can be a soap bubble. Or the financial community's recognition that so-called cybercurrencies, digital forms of money, are beginning to gain momentum. It's time to determine what a bitcoin is and why it has become so popular.

1. What is a bitcoin?
It is a form of money that is unique in that it can not be held in hand. Most stores do not recognize it. It is not released or supported by the government. By its principle, bitcoin and its analogues are a set of program protocols for creating digital assets and for tracking transactions in a way that complicates the forgery or reuse of these notes. Bitcoin has value only when its users recognize and use it.

2. Where did the bitcoin system come from?
The initial software was released in 2008 by a person or a group of people who use the nickname of Satoshi Nakamoto. Several attempts were made to uncover a real person or group under this name, but none of them succeeded. Internet games have long been using virtual currency. The key idea of ​​the bitcoin is blockade - a publicly accessible, mostly anonymous online account that records bitcoin transactions.

3. How does it work?
Remember what happens when you make an online bank transfer. He checks if you need the money, calculates the amount from one place of a huge database on which the data of the accounts and their balances are stored, and counts them in another. You can see the result by going to your account, but the transaction is under control of the bank. You trust the bank to withdraw the required amount of money, and the bank, in turn, monitors that you will not be able to spend this money again. Blokchain is a database that performs these tracking functions, but without a bank or other central authority.

4. Who can create a cryptology (become a Miner)?
Everyone who has very high-speed computers, lots of electricity and a desire to solve puzzles. Transaction data in each data packet is encrypted by a formula that can be unlocked only by an incredible number of attempts and errors. The operators set up large-scale computing power for work and compete for those who first solve the cipher. If the maze's response is confirmed by others, the data is added to the chain of data blocks, and the maemer receives a newly created bitcoin.

5. How does the system prevent fraud?
Since each block contains data associated with the previous blocks, an attempt to spend the same bitcoin twice will mean the view of many links in the chain. In addition, by competing among themselves, the operators check each other's work.

6. Was the bitcoin used by drug traffickers?
So, when his initial goal was a certain anonymity. It has been used and continues to be used by sites that sell everything from weapons to drugs. In 2013, federal agents found and closed an anonymous e-commerce store with a turnover of $ 1.2 billion - Silk Road (Silk Road). However, soon his place was occupied by others. Joseph Stiglitz, winner of the Nobel Prize for Economics, recently said that bitcoin should be banned because it was designed to avoid regulation and "does not perform any socially useful function."

7. What has changed?
The bitcoin's reputation improved in part because of the fact that fewer large-scale thefts were recorded. And many technological and financial firms were interested in the blockade as an idea separate from the bitcoin.

8. What are the benefits of BlockChein?
Enthusiasts see it as a new way of doing business. Costs may be lower because there is no centralized agent that processes transactions tracking and charges. Banks and stock exchanges have invested heavily in the development of blockade technology, while retailers, such as Wolff, are experimenting with the use of blockers to ensure food safety. Central banks are even thinking about issuing official currency based on blockades. There were other forms of blockade, which often use their own cryptographic currencies to facilitate transactions. The most famous is Efirium, which is sometimes called the platform for so-called smart contracts.

9. What is the rise in the price of bitcoin?
New investors and expectations of other stakeholders, raised this year's price bitcoin by about 11 times. CME Group and other exchanges are planning to offer bitcoin futures contracts that can potentially expand the benefits of bitcoin. The fact that Bitcoin software guarantees its limited supply has given some investors fears about its loss. Coinbase bitcoin traffic has been overloaded two or three times on November 29, 2017, when new users were registered. New hedge funds are opened every week, targeting cryptology. Their number has already exceeded 100. Most of them invest part of their money in bitcoin.

10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

Some people do not need to know what is Bitcoin because all they want is just how can it give me so many money and nothing more.

[shadyrifles]

Spend a little bit of time on the Internet and sitting here on the forum I can write a brief instruction on Bitcoin



10. Is this a bubble?
Maybe. Some people, especially James Damon, Chief Executive Officer of JPMorgan Chase, call bitcoin "fraud." However, its own bank holding is considering the possibility of providing customers with bitcoin futures. Billionaire Mike Novograts calls cryptology "the biggest bubble of our time," and at the same time launches a $ 500 million fund to invest in it.

Bitcoin is a bubble unless whales are out of the game, level of low investors in bitcoin and cryptocurrencies remains extremely low. Just consider and think about your friends, relatives, and associates. How many of them even own bitcoin?
I personally believe that the bitcoin bubble still has room to soar.

You can say there will be blood at some stages but you can't say it bubble, the bubble won't burst until the main game players are in business.