Bitcoin news – live: El Salvador president predicts ‘gigantic price increase’ for BTC

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. It has been one of the most frequent headlines in the last year – as a plan to get rich quick, end finances, give birth to a truly international currency, as the end of the world or as a technology that has improved the world. But what is Bitcoin?

In short, it could be said that Bitcoin is the first decentralized money system used for online transactions, but it will probably be useful to dig a little deeper.

We all know, in general, what ‘money’ is and what it is for. The most significant problem that has arisen in the use of money before Bitcoin is that it is centralized and controlled by one entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator under the pseudonym ‘Satoshi Nakamoto’ to bring about the decentralization of money globally. The idea is that currency can be traded across international lines without any difficulty and fees, checks and balances would be distributed around the world (not just on the books of private corporations or governments), and money would become more democratic and equally accessible to all.

How did Bitcoin come about?

The concept of Bitcoin, and cryptocurrencies in general, was launched in 2009 by Satoshi, an unknown researcher. The reason for his invention was to address the issue of centralization in the use of money that relied on banks and computers, an issue that many computer scientists were not happy with. Achieving decentralization has been unsuccessful since the late 1990s, so when Satoshi published a paper offering a solution in 2008, it was extremely welcome. Today, Bitcoin has become a well-known currency for Internet users and has led to thousands of ‘altcoins’ (non-bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is produced through a process called mining. Just as paper money is made by printing, and gold is mined from the ground, Bitcoin is created by ‘mining’. Mining involves solving complex mathematical problems related to blocks using computers and adding them to the public book. When it started, a simple CPU (like the one in your home computer) was all it took to mine, however, the weight level increased significantly and you will now need specialized hardware, including a high-end graphics processing unit (GPU), to single out Bitcoin.

How do I invest?

First, you need to open an account on trading platforms and create a wallet; some examples can be found by searching Google for ‘Bitcoin trading platform’ – they generally have names that include ‘coin’, or ‘market’. After joining one of these platforms, click on funds and then click on crypto to select the desired currency. There are many indicators on every platform that are quite important and you should definitely watch them before investing.

Just buy and hold

Although mining is the safest and, in a way, the easiest way to earn Bitcoin, too much crowd is involved, and the cost of electricity and specialized computer hardware make it inaccessible to most of us. To avoid all this, make it easy for yourself, enter the amount you want from your bank directly and click “buy”, then relax and watch your investment increase in line with the price change. This is called an exchange and takes place on many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc.).

Bitcoin trading

If you are familiar with stocks, bonds or Forex exchanges, then you will easily understand crypto trading. There are Bitcoin brokers like e-social trading, FXTM markets.com and many others to choose from. The platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means bitcoin trading for US dollars. Watch out for price changes to find the perfect pair according to price changes; platforms provide price among other indicators to give you appropriate trading tips.

Bitcoin as stocks

There are also organizations that have been established to allow you to buy shares in companies that invest in Bitcoin – these companies trade back and forth, and you just invest in them and wait for your monthly benefits. These companies simply pool the digital money of different investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires that you have some basic knowledge of currency, as explained above. As with all investments, this involves risk! The question of whether to invest or not depends solely on the individual. However, if I were to give advice, I would advise investing in Bitcoin for the reason that Bitcoin continues to grow – although there has been a significant boom and bust, it is very likely that cryptocurrencies as a whole will continue to grow in value over the next 10 years. Bitcoin is the largest and most famous of all current cryptocurrencies, so it is a good place to start and currently the safest bet. Although it is volatile in the short term, I guess you will find that bitcoin trading is more profitable than most other ventures.

Cryptocurrencies are the latest ‘big thing’ in the digital world and are now recognized as part of the monetary system. In fact, enthusiasts have labeled it a ‘money revolution’.

Clearly, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for central authority, most of which are created by special computing techniques called “mining”.

The acceptance of currencies, such as the US dollar, the British pound and the euro, as legal tender is because they were issued by the central bank; digital currencies, however, such as cryptocurrencies, do not depend on public confidence and trust in the issuer. As such, several factors determine its value.

Factors determining the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

Supply and demand are the main determinants of the value of anything valuable, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.

Mass Adoption

Mass adoption of any cryptocurrency can bring down its price per month. This is because the supply of many cryptocurrencies is limited to a certain limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.

More cryptocurrencies have invested more resources to ensure their mass adoption, and some have focused on the applicability of their cryptocurrencies to urgent personal issues as well as key everyday cases, with the intention of making them indispensable in everyday life.

Fiat Inflation

If a fiat currency, such as the USD or GBP, becomes inflated, its price rises and its purchasing power declines. This will then cause an increase in the cryptocurrency (we use Bitcoin as an example) compared to that fiat. The result is that with every bitcoin you will be able to acquire more of that fiat. In fact, this situation was one of the main reasons for the increase in the price of Bitcoin.

Fraud and the history of cyber attacks

Fraud and hacks are also key factors affecting the value of cryptocurrencies, as they are known to cause wild changes in estimates. In some cases, a team that supports cryptocurrency may be fraudsters; they will pump up the price of cryptocurrency to attract unsuspecting individuals, and when their hard-earned money is invested, fraudsters cut the price, which then disappear without a trace.

It is therefore imperative that you watch out for cryptocurrency scams before investing your money.

Some other factors to consider that affect the value of cryptocurrencies include:

• The way cryptocurrency is stored, as well as its usefulness, security, ease of acquisition and cross-border acceptability

• The strength of a community that supports cryptocurrency (this includes funding, innovation and loyalty of its members)

• Low related cryptocurrency risks as perceived by investors and users

• Sense of news

• Cryptocurrency market liquidity and volatility

• Country regulations (this includes banning cryptocurrency and ICO in China and accepting it as legal tender in Japan)

Everyone has heard how Bitcoin and other cryptocurrencies have made millionaires out of those they bought a year ago. Profits of 1000% or more are not only possible, but common to many of these cryptocurrencies. Someone who bought Bitcoin in May 2016 for less than $ 500 would have gained 1,400% in about 17 months. Then we saw in the past few days that Bitcoin had lost almost $ 1,000, so it would be hard to say that these cryptocurrencies are unstable.

Since the beginning of Bitcoin in 2008, we at Trend News have been skeptical about the ability of cryptocurrencies to survive, as they pose a very clear threat to governments that want to see and tax all transactions. But while we may still be wary of real cryptocurrencies, we are very aware of the potential of the underlying technology that drives these electronic currencies. In fact, we believe that this technology will be a significant disruption to data management and will affect every sector of the global economy, much like the Internet has affected the media.

Here are some questions and answers to get you started …

Q: What are cryptocurrencies?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC, launched in 2008. Today there are more than 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currencies.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Since every Blockchain database is widespread, it is considered immune to hacking, because there is no central point of attack and every transaction is visible to everyone online. Each CC has a group of administrators, often called “miners”, who validate transactions. One CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will give more details in the upcoming news.

Q: What is BLOCKHAIN?

Blockchain is a technology that supports all CCs. Each transaction for the purchase, sale or exchange of CC is entered in the BLOCK that is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily, reducing or eliminating fees. The technology is also being tested for application in many other industries.

Q: Are CC exchanges regulated by the government?

Basically, the answer is NO, which is a big attraction for some users of this market. At the moment, it is the “Wild West”, but governments in most developed countries are examining this market to decide which regulations might be needed. The big decision is whether to treat CC as a currency or a commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains fluid in terms of reporting and tax implications. Crypto TREND will monitor and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges” that act as intermediaries. You start by selecting the stock exchange, setting up an account and transferring the fiat currency to your account. Then you can place your BUY and SELL CC orders. There are many exchanges around the world. Opening an account is quite simple and all these exchanges have their own rules on initial financing and withdrawal.

Crypto TREND will recommend CC exchanges in the future.

Q: Where should I store my CC?

To have the freedom to move your cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as desktop, cloud based, hardware (USB), mobile phone and paper. Many of them are FREE, however, security is a big factor because no one ever wants to lose their wallet or have it stolen. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies that accept cryptocurrencies is growing rapidly and includes big players such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

Initially, we will keep each Crypto TREND article short and keep the scope of each one as narrow as possible. As mentioned earlier, we believe that cryptocurrency technology will change the game and that potential investment opportunities like this will occur once or twice in a lifetime. Don’t be fooled, investing early in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you don’t want to invest at the moment, an early understanding of this new disruptive technology will put you in a good position to profit from our recommendations as we progress.

Expect to see more news and concrete recommendations from Crypto TREND as we embark on this journey into what may seem like a foreign jungle at first glance. This is an unstable market and may not be to the liking of all investors, however, Crypto TREND will be your guide if and when you are ready.

Stay Tuned!

Most people have heard of the term Bitcoin, but have no clear idea what it really is. Simply defined, Bitcoin is a decentralized, peer-to-peer, digital currency system, designed to provide online users with the ability to process transactions through a digital exchange unit known as Bitcoins. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an undiscovered developer. Since then, Bitcoin has attracted huge attention as well as controversy as an alternative to the US dollar, euros and commodity currencies such as gold and silver.

A private network of computers connected by a common program is used to perform transactions and process payments in Bitcoin. The creation of bitcoin is based on increasingly complex mathematical algorithms and their purchase is done with standard national currency currencies. Bitcoin users can access their coins from their smartphones or computers.

As a new and growing virtual currency, Bitcoin has certain advantages over conventional state currencies. Here are 5 benefits you will enjoy when using Bitcoin

1) No taxation

When you buy over dollars, euros or any other national currency, you have to pay the government an extra amount of money as a tax. Each item that can be purchased has its own specific tax rate. However, when you buy via Bitcoin, sales tax is not added to your purchase. This is considered a legal form of tax evasion and is one of the main advantages of Bitcoin users.

With zero tax rates, Bitcoin can be useful especially when buying luxury items that are exclusive to a foreign country. Such items, more often than not, are highly taxed by the government.

2) Flexible online payment

Bitcoin is an online payment system and like any other such system, Bitcoin users have the luxury of paying for their coins from any part of the world that has an internet connection. This means that you could lie on your bed and buy coins instead of suffering the pain of traveling to a particular bank or store to do your job.

Moreover, online payment via Bitcoin does not require you to fill in details about your personal data. Therefore, processing Bitcoin transactions is much simpler than those done through bank accounts and credit cards in the US.

3) Minimum transaction fees

Replacement fees and charges are an integral part of standard bank transfers and international purchases. Bitcoin is not monitored or moderated by any intermediary institution or government agency. Therefore, transaction costs are kept at a very low level unlike international transactions executed through conventional currencies.

In addition, it is not known that transactions in Bitcoin are time consuming because they do not involve the complications of typical authorization requirements and waiting periods.

4) Hidden user identity

All Bitcoin transactions are discrete, or in other words Bitcoin gives you the ability to anonymize users. Bitcoins are similar to cash-only purchases in the sense that your transactions can never be tracked back to you and that those purchases are never linked to your personal identity. In fact, the Bitcoin address created for user purchases is never the same for two different transactions.

If you want, you have the opportunity to voluntarily discover and publish your Bitcoin transactions, but in most cases, users keep their identity secret.

5) No external interventions

One of the biggest advantages of Bitcoin is that it eliminates interruptions by third parties. This means that governments, banks and other financial intermediaries have no authority to disrupt user transactions or freeze a Bitcoin account. As already mentioned, Bitcoin is based strictly on the peer to peer system. Therefore, Bitcoin users enjoy more freedom when buying bitcoins than when using conventional national currencies.

Digital currencies such as Bitcoin are relatively new and have not yet passed major tests. As a result, many believe that there are certain risks associated with using Bitcoin. Despite the potential shortcomings of Bitcoin, it is evident that its merits are strong enough to make it a legitimate candidate to oppose conventional currencies in the not so distant future.

The modern concept of cryptocurrency is becoming very popular among traders. The revolutionary concept that Satoshi Nakamoto introduced to the world as a by-product became a hit. Decoding Cryptocurrency we understand that crypto is something hidden, and currency is a means of exchange. It is a form of currency used in a chain of blocks that is created and stored. This is done through encryption techniques to control the creation and verification of currency transactions. Bit coin was the first cryptocurrency to emerge.

Cryptocurrency is just a part of the virtual database process that works in the virtual world. The identity of the real person cannot be established here. Also, there is no centralized body that manages cryptocurrency trading. This currency is equivalent to hard gold kept by people and whose value should grow rapidly. The electronic system set up by Satoshi is decentralized in which only miners have the right to make changes by confirming started transactions. They are the only providers of human touch in the system.

Forgery of cryptocurrency is not possible because the whole system is based on hard mathematics and cryptographic puzzles. Only those people who are able to solve these puzzles can make changes to the database which is almost impossible. Once a confirmed transaction becomes part of a database or chain of blocks that cannot then be undone.

Cryptocurrency is nothing but digital money created with the help of encryption techniques. It is based on a peer-to-peer control system. Let’s now understand how one can profit by trading in this market.

It cannot be reversed or falsified: Although many people may refute this that the transactions made are non-refundable, but the best thing about cryptocurrencies is that once the transaction is confirmed. A new block is added to the chain of blocks and then the transaction cannot be forged. You become the owner of that block.

Online transactions: This not only makes it convenient for anyone sitting in any part of the world to conduct transactions, but also facilitates the speed with which the transaction is processed. Compared to real time, when you need third parties to come to the picture to buy a house or gold or take a loan, you only need a computer and a potential buyer or seller in the case of cryptocurrency. This concept is easy, fast and full of investment return prospects.

The fee is low per transaction: Miners take low or no compensation during transactions because the network takes care of it.

Accessibility: The concept is so practical that all those people who have access to smartphones and laptops can access the cryptocurrency market and trade it anytime, anywhere. This accessibility makes it even more lucrative. As ROI is commendable, many countries like Kenya have introduced the M-Pesa system which provides a device for essential coins which now allows every third Kenyan to have a wallet with bit coins.

For someone unfamiliar with Bitcoin, the first question that comes to mind is, “What is Bitcoin?” Another common question that is often asked relates to the price of bitcoin. It started at under 10 cents per Bitcoin after its introduction in early 2009. Since then, it has grown steadily and recently hovered around $ 4,000 per Bitcoin. So, when it comes to the value of bitcoin or the rate of bitcoin, this is an exceptional valuation and has created many, many millionaires in the last eight years.

The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in buying it along with other Asian countries. However, recently in the news about Bitcoin, the Chinese government tried to suppress its activity in that country. That action briefly reduced the value of Bitcoin, but it soon returned and is now close to its previous value.

The chart of the history of Bitcoin is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be “virtual gold” and released the first Bitcoin software in early 2009 during the height of the US economic crisis. They knew that gold must have a limited supply in order to have lasting value. So they limited the offer to 21 million bitcoins.

Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, the government decides when and where to print and distribute it. In addition to Bitcoin, “miners” use special software to solve complex mathematical problems, and in return they are issued a number of Bitcoins.

The question then arises is whether Bitcoin mining pays off. The answer is NO for the average person. It requires very sophisticated knowledge and a powerful computer system, and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining in 2017 than in previous years.

Many are wondering, who accepts Bitcoin? This question is asked in different ways, which are the stores that accept bitcoin, which are the websites that accept bitcoin, which retailers accept bitcoin, which are the places that accept bitcoin and where can they spend bitcoin.

More and more companies are beginning to see the value of accepting cryptocurrencies as valid payment options. Some big companies that do this are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You and others. The two main companies at the moment are Walmart and Amazon.

Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many are wondering about Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity, but is still far behind Bitcoin in use, acceptance and value.

A question that is often asked is often related to bitcoin fraud. This author has a friend who bought from a company that promised growth of 1-2% per day. No contact information was listed on the company’s website and after a few months the website simply disappeared one day and my friend lost all the money he had invested, which was several thousand dollars.

You need to know how to buy bitcoin, how to buy bitcoin or how to buy bitcoin by credit card to get started. Coinbase is a very popular site for this. Their fee is 3.75%, and the purchase limit is $ 10,000 per day. This would probably be the easiest way to buy bitcoin.

Others would like to buy Bitcoin by debit card. Coinbase also provides this service and has clear step-by-step instructions on how to proceed with a debit or credit card.

There are those who would like to buy Bitcoin immediately. This can be done at Paxful, Inc. and can be done via W. Union or any credit / debit card.

Other common questions that arise are what is the best way to buy Bitcoin, the best way to buy bitcoin or where to buy bitcoin online. The easiest way is probably to buy it by exchanging digital resources such as the previously mentioned Coinbase. Opening an account with them is painless and when you connect your bank account with them, you can very easily buy and sell Bitcoin. This is probably the best place to buy bitcoin.

One must know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store a collection of Bitcoin privacy keys. It is usually password encrypted or otherwise protected from unauthorized access.

There are several types of digital wallets to choose from. Web Wallet allows you to send, receive and store Bitcoin through your web browser. The second type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets that are designed for use via a mobile device.

The question that is occasionally asked is the question of bitcoin stocks or how to buy bitcoin stocks. By far the most common way to continue in this area is to buy bitcoin directly, not its shares.

There is one entity called the Bitcoin Investment Trust, which is an investment fund designed to monitor the market flow of Bitcoin. Some analysts, however, call this a risky way to enter this market.

The bitcoin exchange rate in USD has been closely monitored on a daily and long-term basis over the last 8 years since its introduction on the world financial market. A popular company that receives the latest rate in Bitcoin valuation is XE. They show the valuation of Bitcoin in USD, as well as the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin-USD chart. If you ask “How much does one Bitcoin cost?” you will always know from their charts that are constantly updated.

Similar issues that arise in this area relate to the history of the bitcoin exchange rate, the live bitcoin price chart, the bitcoin exchange rate against the dollar, the bitcoin dollar chart, and the 5-year bitcoin chart. The aforementioned website, xe, is also a good source for answers to these questions.

As for Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that allows you to do that. WikiHow is another company that will guide you through this process.

The predicted value of Bitcoin is a topic that is often discussed. In January 2015, the price of one bitcoin was $ 215. It’s currently about $ 5,000. This is a phenomenal increase that is far above what most experts would have predicted at the time. Currently, when reviewing the forecasts of experts from around the world, the common answer seems to be that the highest value will be set at around $ 10,000, and one expert has even projected a value of $ 100,000.

It is true to say that Bitcoin has experienced a real explosion in terms of popularity when it comes to cryptocurrency. This very popular cryptocurrency has hit investors, traders and consumers and everyone is working to keep bitcoin safe. There is so much to offer in terms of lower fees, transaction speed and increasing value which could be the reason why most people choose it for their trading. However, this is a turbulent market and to make it big you have to be a very smart trader when you sell and buy it. With commitment and discipline, you can change the volatility of Bitcoin in your favor. Here are simple but effective ways to do just that.

Stay up to date with the latest bitcoin news

Not all news may have an impact on this currency, but it is true that there are some items that could greatly affect its price. By gaining access to Bitcoin-related news and live news for typical news, you could end up catching something in time to make decisions that will bring you happiness in your trading. It helps to always be up to date with news about Bitcoin and other unexpected news that could affect its performance.

Take advantage of stop losses

Whether you are just starting to trade or have been in it for some time, you need to be prepared for moments when losses are inevitable. No one trades expecting a loss, but the chances are always there, so a reliable plan to stop the loss needs to be implemented. Estimates vary regularly and you need to be prepared for bad days. The market offers tools that you can automatically set up to stop losses before they seriously affect your profits. Whether you are dealing with Bitcoin futures, CFDs or cash, make sure you use stop loss to keep open positions protected.

Understand technical analysis from the inside

This is very important before entering a store. Since there is no governing body or bank that would influence the evaluation of Bitcoin, you have to judge for yourself in several ways. If you don’t understand the basics of the market and don’t even know how to analyze price charts or read price actions and apply indicators, you’re doomed to the wrong moves. Keep in mind that price models are speculative, which is why it is important to know all the technical details that are really important.

Be careful with your lever

Leverage has the ability to increase your gains or increase your losses. If you are too much with your leverage then you will be a bit reckless in managing your money and this ultimately destroys the trading account. On the other hand, being too careful with your lever can interfere with performance given that premium stores may not have the full capabilities as expected. When it comes to bitcoin trading, you need to strike a balance to enjoy good returns.