Bitcoin is an electronic money created in 2009 by Satoshi Nakamoto
Bitcoin is an electronic money created in 2009 by Satoshi Nakamoto.
The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.
Unlike most currencies, bitcoin does not depend on trusting the main publisher.
Bitcoin uses a database that is distributed and spreads to nodes from a P2P network to transaction journals, and uses cryptography to provide basic security functions, such as ensuring that bitcoin-bitcoin can only be spent by people owning it, and should never be done more from one time.
The design of Bitcoin allows for anonymous ownership and transfer of wealth.
Bitcoin can be stored on a personal computer in a wallet file format or saved by a third party wallet service, and regardless of all that Bitcoin can be sent via the internet to anyone who has a Bitcoin address.
Bitcoin's peer-to-peer topology and lack of a single administration make it impossible for authorities, any government to manipulate the value of bitcoin or cause inflation by producing more bitcoin.
Bitcoin is one of the first implementations of the so-called cryptocurrency, first described by Wei Dai in 1998 on the cypherpunks mailing list.
Bitcoin investment fever is increasingly prevalent in the community. The presence of virtual money continues to be used as a mine to explore profits.
Bitcoin is one type of cryptocurrency or digital currency with the largest capitalization to date.
Not a few people are suddenly rich because of Bitcoin.
But there are also many people who are suddenly poor because of this digital money.
The biggest risk that overshadows the bitcoin investment is very extreme price fluctuations.
This extreme price fluctuation is one of the risks that prospective traders must watch out for.
Currently, Bitcoin's circulation volume is still relatively small.
So if someone buys Bitcoin at a large price, then the price of Bitcoin will automatically move to the extreme.
For example, you suddenly sell all the Bitcoin that is owned, then the price will move down because the supply increases.
Vice versa, when you suddenly buy Bitcoin in large quantities.
Then you contribute to demand or demand, so prices will immediately move up.
Bitcoin exchange, is one method to buy or sell Bitcoin.
This is a way to buy Bitcoin (BTC) in the first important step in starting to use digital currencies.
However, knowing which bitcoin exchanges to choose from can be one of the most important first steps.
Because you will invest your funds into Bitcoin and exchange from where you bought it, make sure you choose the right one.
An ETF or Exchange Traded Fund is a funding effort that can simply be interpreted as a Mutual Fund traded on the Stock Exchange.
Like Mutual Funds, ETFs are collective Investment Contracts in which Participation units are listed and traded on the Exchange as well as shares.
Like conventional funds, in EFT there are also Investment Managers, Custodian Banks.
An Exchange Trade Fund (ETF) is an investment in the form of a collective contract and its participation units are recorded and traded on the stock exchange.
So the point is ETF investment (exchange trade fund) is a combination of open-ended mutual funds (open ended funds) with common shares (common stock).
Advantages of ETF Investment (Exchange Trade Fund)
Portfolio diversification, for example, an investor buys an ETF index automatically. The investor has a portfolio consisting of 45 shares.
Relatively liquid, because ETF investments (Exchange Trade Fund) are carried out on the stock exchange.
Investment costs are relatively low.
Transaction costs are relatively low, namely the cost of buying and selling investment ETF (Exchange Trade Fund).
Gain on cash flow due to dividends (if ETF products do pay dividends).
Risks from an ETF (Exchange Trade Fund) Investment
The risk of the number of units decreases due to price fluctuations.
Potential risk of third parties (dealers, brokers, custodian banks and other parties).
Risk of loss due to trade.
Bitcoin Whitepaper is the name of a document written by Satoshi Nakamoto, the creator of Bitcoin and Blockchain Technology, in 2008.
This document describes the Bitcoin protocol in detail and its uses.
Bitcoin Whitepaper was posted on the Cryptography Mailing List, and was updated again by Satoshi Nakamoto in 2009 with Bitcoin codes.
The complete documentation of Bitcoin Whitepaper can be read in the following link: https://bitcoin.org/bitcoin.pdf
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Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.