How To Use Bitcoins Wisely?

Many Internet users are wondering: what is bitcoin? In short, it is an electronic currency that is fully protected from wear and tear and emissions. In the first 2 years of existence, the idea did not leave the boundaries of the World Wide Web. The population simply did not know about the currency or did not understand what bitcoin is. But in a number of countries in South America and in Japan, it is already recognized as a means of payment. There, along with the state currency, you can use bitcoin.

What is Bitcoin?

It all started in October 2008, when a document appeared on bitcoin.org that describes the mechanism of operation of distributed cryptocurrency with open source code, called Bitcoin.

The basis for transactions was the blockchain technology, which is a database that stores all ever completed transactions in the form of publicly accessible blocks. A special mathematical algorithm connects the blocks among themselves and saves them on the devices of the system participants, preventing them from making changes from the outside, which provides protection against hacker attacks and increases the security of the system.

Transactions do not have to be financially related. For example, all interactions of people with each other can be exposed in a legal transaction. For such a system, employees will not be needed, it will not cause controversial situations, will not create opportunities for fraud and will be able to occur almost instantly.

The first working version of bitcoin became available in 2009 and was used in a relatively narrow circle of geeks and programmers. The price of one bitcoin at that time was about $ 0.001. By 2011, the price equaled the price of the dollar. Over time, the rate continued to grow. The technology attracted more and more new users, and many economists appreciated its prospects. A year ago, one bitcoin cost about $ 600, now its price is about $ 2,500.

Bitcoin cryptocurrency: how can I use it?

What to do with bitcoins? There are many options for both lovers of earnings and investors, and suitable for less risky users who do not know what bitcoins are and why they are needed.

Gamble, make sports bets

1. You can play in a CASHlib payment casino, make sports bets, use to trade on exchanges, even if they simply do not exist in your country. Here, everything is limited only by the imagination of the developers of various projects and the possibilities of cryptocurrency. After all, what is bitcoin in simple words? The ability to spend money anonymously and quickly.
2. Store Bitcoins. The best answer to the question of why bitcoins are needed. If we analyze the graph of the behavior of the price of the currency against the dollar, then the unconditional maximum was in December 2017 - $ 20,000. Virtual money bitcoin, the rate of which exceeds $ 3,600 for 1 BTC (February 2019), periodically breaks value records. In addition, all the trends indicate that the demand for cryptocurrency will grow very quickly and in 2 years they will crowd out international payments from the market.
3. Make international payments. In the midst of freelancers and remote employees, bitcoin settlement has become commonplace. It is cheap, reliable and anonymous, which he has always been famous for. The principle of operation of which is based on decentralization and powerful encryption. In addition, this is a very simple process: even those who have no idea what electronic bitcoin is can figure it out in two minutes.
4. Pay for services. At the moment, it can pay with Dell, Microsoft, and Amazon. Not to mention hundreds of smaller stores and services. In the countries of the European Union, South and North America, as well as in the Far East, they can easily pay for food, clothing and other small goods.