Bitcoin??

Hello Everyone,

Now a day’s everybody is talking about Bitcoin, so you must be thinking what exactly Bitcoin is? and How to Buy it?

So here is some information I would like to share with you … and here we go

Bitcoin is a Digital currency which is built by people in 2009 under the name ‘Satoshi Nakamoto’, hence value of bitcoin is measured in Satoshi, same as the way we measure paisa for rupee. Like 1 rupee contains 100 paise. There is no particular authority of Government involved in it.

Undoubtedly its price is increasing day by day so everyone wants to multiply the money by buying and selling bitcoins. Let’s see in detail,

Bitcoin is not a Physical currency like a rupee or a coin. Like a note of 50, 100, 2000 Rs./- etc . Bitcoin is not a Physical currency, it is a Digital currency. You cannot touch or see it in any form but you can use it Digitally. Value of 1 bitcoin is around $625 by anyways this value is not fixed, it’s fluctuating and this is the reason why people are crazy to buy Bitcoins. As the value increases people get tremendous profit out of it.

As there is no Government authority who takes charge to control this system, Govt. will not help you in your loss. If the value increases, you are in profit but if the value degrades then you are in loss. So the game is completely At Your Risk! 

Basically there are 2 reasons, Why people purchase Bitcoin?

 First is for increase in investment: You can purchase Bitcoins or some point value of bitcoin and keep it as it is till its price will increase. Once it will reach to your expected amount you can sell it. And other way is Digital Marketing: You can make online payments using Bitcoin in any Digital Market. And you can also purchase anything from any shop using Bitcoin if that shopkeeper is accepting Bitcoin as a currency. It is also Helpful to minimize transaction fees.

You can convert your money (some amount which you want to) with bitcoins. You can purchase bitcoins by using your currency, it may be in Rupees or Dollars or anything.

What is Bitcoin Mining?

Transaction using Bitcoin is peer to peer. Some guaranteers are there who verify these transactions are known as Bitcoin Miners. They check the sender or they verify the peer persons who are doing some transaction using bitcoins. This process is known as Bitcoin mining and obviously they get some charges from your transaction for this verification.

There are some limited amount of Bitcoins are available in this world. As we know very well no country has rights to print as many currency notes as they want because they have to follow some rules and guidelines, same is applicable for bitcoin also. People can mine new Bitcoins but it has certain limitation. You can TRANFER Bitcoins from one to other but you CAN NOT GENERATE a Bitcoin.

Hope it will help you..

So wish you all the best..

 Always remember, something is better than nothing, get aware of new things and try it out..!!!