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Bitcoin – The Internet Of Money

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By Author: livemetre
Total Articles: 18
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Bitcoin is a new generation of decentralized digital currency created and working only on the Internet. The advantage of this valuation method is that no one controls it. Currency emission occurs through the work of millions of computers around the world using a program to calculate mathematical algorithms. This is the essence of bitcoin.

Bitcoin is the national currency of the Internet. Cryptocurrency has become an integral part of the life of many modern and successful people.

Bitcoins are internet money. With their help on the Internet, you can buy anything. This is a fast and dynamically developing value system. In addition to online purchases, they are used to pay bets and commissions on exchanges.

It is most widely used in the Forex exchange. Forex brokers have been actively involved in the situation and have implemented tools like BTCUSD in addition to currency pairs. Traders who previously worked only with real currencies got the opportunity to replenish the portfolio with a new tool in the process of studying what bitcoin is.

How can I make money with bitcoins?

– You can wait for a significant increase in the exchange rate in relation to the dollar or other currency. It depends on the currency in which the buyer stores the savings.

– Buying or selling on the Forex market and rates on the options market. This allows you to make a profit on the fall and growth of the exchange rate.

– Direct operations of the purchase or sale of bitcoins with constant tracking of the rate.

How can I use bitcoins?

Cryptocurrency in its characteristics is no different from ordinary currency. They can be bought at any specialized exchange. Bitcoins can be used for anonymous purchases in online stores. They can also be used to make simple and quick payments to users around the world. This is due to the fact that the currency is not tied to any state in the world.

Bitcoins are stored in two ways:

Offline wallet. Users install it on a computer. In some cases, it is encrypted. If the computer on which the code is stored breaks down, or the user forgets the password, then access to money will be practically impossible to restore.
Online wallet. Access to this wallet is carried out not only from a computer but also from a mobile phone. It works on the principle of Internet banking.

Where to spend bitcoins?

– Online shopping. It is often more profitable to pay for goods with bitcoins than with fiat currencies. In addition, many stores give additional discounts when paying with cryptocurrency. The list of online stores that provide such a service is growing every day.

– Use cards for offline purchases. When paying for goods, special cards can be useful. Use websites and apps that pinpoint stores that accept Bitcoin payments.

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