If someone considers Bitcoin to be a very risky stock or a share, then he can not be blamed at all. Almost all of them are taxis and fraud, the coins that the Aamir today, tomorrow can make him a fakir. Such incidents are often heard and spreading in public. The risk is not wrong. People of Bitcoin also accept the matter. Bitcoin must be one of the inventions, block-chain technology, based on which the first 'crypto-coin' was created. Bitcoin is a software that is safe. Experts agree, the block chain technology at the root of Bitcoin is very reliable. Banks, financial institutions should also use block chain technology.
Recently, the incredible price explosion of Bitcoin shocked everyone. Nobody can take a walk on this. Bitcoin futures are allowed to be sold at the Chicago Exchange. Merrill Lynch, bank of the United States and many other institutions say, this is not bubble. There are definitely reasons behind this increase. The reason is too deep. As much economic, more technical and scientific than Already block chains have been accepted as a new potential technology.
Efforts to discover crypto coins have been going on for a long time. It is possible to discover such a coin from signaling or cryptography, that researchers knew in the 1980s. But they failed to solve a few problems. In 2008, an unknown researcher correctly solved those problems and sent a research paper to the Internet forum. Wonderfully his solution is useful. His name is Block Chain. Based on it, the first crypt coin is invented, whose name is Bitakayne. Due to its sky-high price and rising, it is currently considered as an asset for many people who do not believe in currency.
Later, many more crypto coins were invented - such as Etherium, Ripol, Light Coins etc. But Bitcoin was the first crypto currency and was able to attract the attention of many researchers and investors as it was ahead of other coins. But another crypto coin can make Bitcoin completely bankrupt, that is a big risk factor for investing. No one can say who else will go forward. Now there are few hundred cryptoscins in the market again and of course there will be many more new currencies imported.
Many people ask, what is this currency look like? There is no real existance of this currency. This is a computer software. In many pictures, the English alphabet 'B' is written in the upper right-hand side of the film, it is imaginary. Even those memories are found. That's not a bitcoin.
What is the need for bitcoin or crypto currency?
As society and life are progressing, with the advancement of science, economic development is also progressing. There has been a lot of evolution of currency names. From gold, silver or silver coins, it has turned into paper currency. Improved technology is being used to prevent duplicity. Then El Credit Card, Debit Card With that the economic exchange became easier. These can be called 'digital currency'. But the most incredible progress has been the crypto currency. Let's outline some of these characters.
There is no government or organization. A large number of people around the world are circulating this currency through a secure network. No one is a policymaker, everyone is equal, just a network node. Directly to the seller from the buyer, without any mediation, the currency will be safe and sure. There is no central form of this currency, it has been completely decentralized here. It is called a direct peer-to-peer network.
Bitcoin can buy someone from Ghana for a moment by sending coins in China. There is no issue with any bank, no currency exchange rates matter. This is the currency design that is not an intermediate company.
This currency could swiftly move from one country to another. Bitcoin can take maximum 10 minutes. But some other crypto coins may change hands in less time. But in the current currency transfer system, it took a few days to go from one country to another.
It takes a nominal fee to send one of these coins from one to another. It is not dependent on the amount of money sent again. The same fee to send a bitcoin and one lakh bitcovers. Current money transfers cost a lot.
The crypto currency transaction can not be netted. Once transferred, it can not be withdrawn or modified in any way. In many countries of the world, thousands of machines are recording it. This transaction is irreversible.
There is no inflation in the crypto currency. The number of these coins is predefined, so it can not be printed more like money. Different countries are secretly trying to increase purchasing power in the international market by publishing their coins more or more in secret, resulting in currency wars. It is absolutely impossible in crypto currency. The maximum number of Bitcoin has been fixed at 2.1 crores.
Bitcoin is worth so much?
There are several reasons for the increase in the price of Bitcoin. These include-
It is believed that in the near future, people worldwide will use crypto coins. It can be interpreted in such a way that if someone used to say 20 years ago, everyone would use mobile phones around the world, it might not have been very believable. Many people think that this is happening here.
Bitcoin numbers are limited. So there is nothing to be surprised about the price of a bitcoin. Because, all the resources of the world will be bought with limited bitcoin, so the price of each will be High.
What can be bought with Bitcoin?
Bitcoin can now be bought a lot. For example, overstock.com, any product can be purchased by Bitcoin. Many such business entities are currently taking Bitcoin as currency. It is being assumed that, instead of using credit card for money, Bitcoin or any other symbols will be used instead of money and credit cards in the future.
Why its price is so unstable?
Bitcoin price increases for all the possibilities mentioned. Suddenly, if any fraud or fraud is detected, its price decreases. Again, if any country is declared illegal, or if a country is in favor of this currency, the prices will get reduced or increased momentarily. The price is very much a psychological phenomenon of people. Then there are other sign currency positions. If news, Etherium or Ripple will be future coin, then Bitcoin will be reduced. Bitcoin prices rise due to these reasons. In this case, the profiteer big crocodile investor can suddenly make a lot of investment, increase the price of Bitcoin, and suddenly bring all the money to collapse.
Who is fraudulent about it?
No one is deceiving directly with bitcoin or crypto coins. The block chains that are based on it are considered to be the safest. Bitcoin is fraudulent with the buyer's account. Bitcoin sells fraud through intermediary companies. People are being cautious. More reliable organizations are coming. Passwords and identity methods are becoming more secure. So some news that destroying bitcoin or crypto currency, or not, is not quite right.
Curroto currency curse
All the breakthrough discoveries have some curse. There are also crypto coins. Here every transaction is written in the Block Chain, but there is no name or address of the person or organization. There is only one sign key (public key), from which it is not possible to find out the person or organization in any way. It is like this, by identifying each person with a different number, so the number 111 wallet (crypto currency account is called wallet) where the bitcoin has arrived, where he sent it - all can be seen. It remains open. So anyone can see, but no one will know who is behind this 111 number. Then a great advantage for criminals They can make money from behind the scenes.
Government and Bitcoin
Seven countries of the world have declared illegal use of Bitcoin as a currency or to buy or sell it in another way. Among them, Bangladesh is one of the largest. Other countries are Nepal, Ecuador, Bolivia, Morocco, Algeria and Kyrgyzstan. Like other innovations like Uber, elevator, it has also put the government of many countries in the maze of rules. However, the work of making policies on various matters like income tax structure, succession etc. are going on. Despite the concerns of the government, there is no shortage of public opinion in this new technology. Miners are getting involved in Bitcoin network in the country, especially in America, China, Canada, Australia, Nigeria, Brazil, Israel, England, Switzerland, Korea and Singapore. Based on the block chain technology, new potential companies are created in those countries. It is a matter of Nazrul's poetry line, 'K Rodhobi's tidal tension, when the moon rose.'
What's the future?
It is believed that the crypto currency is the future coin. Information technology experts have already started working with the block chains in its mills. The way the internet changed the world, the way the mobile phone is spreading from home to villageganganj, it will also spread. But what a coin? Bitcoin, Ripoll, Light Coin, Etherium, or Muffies Coins? It's hard to tell. No one knows But sit on one or the crypto currency seat. The dollar will slowly rise, the euro will rise, the money will rise one day. People can not go to the bank, everyone has crypto currency wallet, on computer or mobile. Many people say that this account will not be compared to just the bank account. Each of them has a bank. The bank's rules, fees, all those people will determine. And this currency is not the country's boundaries.
