About Bitcoin

About Bitcoin

What is "Bitcoin"?

Bitcoin is a digital currency.You can use bitcoins to make purchases on the internet and in stores.

Benefits of using Bitcoins:

Bitcoin is global:
Bitcoins can be sent to someone regardless where in the world.

Bitcoin is irreversible: Bitcoin is like cash and bitcoin transactions cannot be reversed by the sender.

Bitcoin fees are low: Bitcoin transaction fees area lot less than fees you pay with credit cards,  in banks or with other processors.

Bitcoin is private: When you pay with bitcoins, there are no bank statements involved, and you do not need to provide unnecessary personal information. Bitcoin transactions do not contain any identifying information ONLY the bitcoin addresses and amounts involved.

Bitcoin is secure: Bitcoin payments are more secure than debit/credit card transactions because there is no sensitive information required and sent online. The risk is very low, of your financial information or your identity being stolen.

Bitcoin is open: Every transaction on the Bitcoin network is published publicly, without exception. The software that constitutes the core of Bitcoin is free and open-source so anyone can review the code.

Bitcoin value is constantly rising

Isn't it time for you, for us, to earn more BTC everyday?

Dec 2011:  $2
Dec 2012: $13
Jan 1, 2015:  $279
June 2015:   $242
Nov 2015:     $629
Jan 1, 2016: $430
Oct 28, 2016:  $700
Nov 10, 2016:  $713
Dec 29, 2016:  $949
Jan 1, 2017:     $966
March 6, 2017: $1277
May 25, 2017:  $2550
June 11, 2017: $3007
Aug 13, 2017:  $4011
Oct 18, 2017:  $5514
Oct 21, 2017:  $6015
Nov 2, 2017:   $7043
Nov 29, 2017: $10,670  
Dec 17, 2017: $19,552
Dec 20, 2017: $16,257

see also current here ... http://www.coindesk.com/calculator/
and historical data here: ... https://www.coindesk.com/price/

Economic Uncertainty Supports Bitcoin
Since mid-2016, investors and traders in the largest bitcoin exchange markets including the U.S., China and Japan began to perceive bitcoin as a safe haven asset. Since then, bitcoin has been the go-to asset for avoiding economic uncertainty and financial instability.
Some financial observers believe fiat money is approaching its decline and the emergence of a decentralized and market-based currency such as bitcoin or any other cryptocurrencies that hold the philosophy of bitcoin could threaten the global financial system.
Bitcoin is seen as a practical and viable hedge against debt-based economies because its value solely depends on its market. Since bitcoin is decentralized by nature and has a fixed monetary supply, the value of bitcoin is decided by supply and demand. As long the demand for bitcoin continues to increase, the value of bitcoin will proportionally surge, given that its supply is fixed.

(excerpt from Cryptocoinsnews.com Aug 13, 2017, read full article here ... )


Important BTC links:

Want to learn more about Bitcoins and the Blockchain?

Great information here.....

Coindesk Calculator
What is Bitcoin Mining
Bitcoin FAQ
Bitcoin.com Everything related to BTC