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    Friday, 27 October 2017

    Everything you wanted to know about Bitcoin but did not know who to ask

    What, who created it and is worth investing in? CEO of BeeTech clarifies some of the main issues of the digital currency that most valued in 2016.

    The virtual currency not issued by any government appeared in 2008 in the discussion group "The Cryptography Mailing". At that time, few imagined the value and importance it would have in the future.

    Today, after being the currency that most valued in 2016, has come to draw more attention, but still cause doubts. BeeTech CEO Fernando Pavani, a company that offers 100% online currency solutions, clarifies some of the key questions about cryptomoeda.

    What is Bitcoin?

    Technology created in 2008, Bitcoin is a virtual currency, a cryptocurrency - or cryptocurrency, but the "virtual ballots" are not issued by any government and do not have a regulatory body which makes their use a little difficult and raises many questions about what can, and what can not be done with Bitcoin. Check out: Learn how to declare bitcoins in the Income Tax

    The biggest reason alleged by people who buy Bitcoins is that of investment, buying the currency expecting it to value itself greatly and thus assuming a value gain. The use of Bitcoin is seen by many experts as the future and some countries are already finding a place in their economy for crypto-coins. Japan has already regularized the digital currency as a form of payment and Russia has already announced plans to do the same in 2018.

    Who created it?

    Since the birth of Bitcoin, the identity of the creator had never been revealed. Recently, under the pseudonym Satoshi Nakamoto, the creator has revealed his identity and is called Craig Wright, an Australian entrepreneur.

    Is it possible to make purchases with Bitcoin?

    Yes. It's just like any other kind of money, purchases can be made on brands like DELL and Tesla, on the WordPress blog platform and also on the Soundcloud music site. You can make money transfers over the internet, purchase digital games, make donations to global institutions known as Wikipedia or Greenpeace. Paying for lodging, merchandise in general and online products are also part of the wide range of payments that can be made with Bitcoin. Currently, there are several online retailers, stores and brands that are adhering to Bitcoin as payment method for their products and we believe that over the years various brands will adhere to this technology.

    How does bitcoin's appreciation work?

    Without knowing where to apply their money, many people chose to invest in Bitcoin. The appreciation of the currency had a high value in its value at the end of 2014 - beginning of 2015, with a growth of 92% despite economic instability. The appreciation of the currency works according to the demand and companies that are adhering to this form of payment. Being a limited currency, the price ends up being much higher because the demand is not so great. In recent years, appreciation has been steadily growing, but it is unpredictable for what it will be in the coming years.

    See also: What is Bitcoin's problem and why people are worried about change
    When is it worth investing in bitcoin?

    It's unpredictable. It is a cost x benefit relationship just like any other currency. There is no way to predict a good time to invest in Bitcoin. Price is determined by the law of supply and demand, and is still very volatile. It is worth remembering that, because it is an easy and practical currency, it is attracting more and more customers, but it is limited and scarce in the market.

    What are the tips to succeed in investing with bitcoin?

    Take it easy: Bitcoin is a long-term investment, earning money overnight is the investor's dream, but it's not the reality. A large price change may result in profits or losses, depending on the initial investment.

    Be enterprising: Bitcoin has been growing very fast. There are opportunities but there are also risks. Its future is unpredictable, it is still a risky investment, but not as much as it was in the year of its emergence. Planning and studying your investments is always a good way out.

    Be aware of growth: The scarcity of this currency is huge and demand is increasing. Bitcoin's growth potential is very high. One of the great inventions of technology in recent years, it has a great range of advantages and benefits that conquers more and more customers for ease, security and speed in shopping.

    How do I open an account in an outdoor bitcoin bag?

    It is possible to buy bitcoins in international markets, such as: Coinbase, Circle, Kraken, Bitstamp, DriveWealth and SpectroCoin.

    The process of opening an account is easy. First, you need to connect a checking account to your account in some Bitcoin market or exchange, this market must be available in the country of your target account. When choosing your Bitcoin bag, you must enter the site to register. The documents required to register on most scholarships are: RG, passport and

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