What are Bitcoins and how to buy them!!

 CHE COSA SONO I BITCOIN ?

Bitcoins are a virtual currency that was born in 2009. Even if it does not exist physically, bitcoin has its own economic value, like current currencies, and can be used to buy goods and services of any kind. The exchange of bitcoins takes place through the virtual peer to peer protocol that allows the circulation of this coin across the virtual world and in every nation. The bitcoin value is very variable as it depends on the demand and the offer. To give an idea of ​​how it might be fluctuating, just think that in 2012 a bitcoin was worth about $ 2, while today it is worth more than 170. Also, year after year, bitcoin production decreases, so their value is going to increase continuously. In fact, there is an international convention that can not exceed 21million units, a figure which according to estimates will be reached in about 2140. Each bitcoin is always the bearer of the identifier code of the owner. This allows you to use virtual coin one time and avoid scams and scams. With bitcoins, not only can you buy products and services directly, but you can also proceed with the exchange between bitcoins and current currencies, such as the dollar. On the net, however, you can also check out the updated list of ecommerce stores and stores that also accept payments in this currency. The bitcoins, while being a currency in all respects, do not have a benchmark. There is a foundation - the Bitcoin Foundation - which is a nonprofit association that collects all developers and those who are gravitating to bitcoins, without however being able to intervene in either the value of money or exchange networks. In order to be able to buy and use bitcoin, it is necessary to put into practice a series of very simple activities that can be done by anyone to be able to immediately spend their virtual currency.

HOW AND WHERE TO BUY BITCOIN ?

The first step to take when deciding to buy bitcoin is to open a virtual wallet, also called a wallet. This portfolio is created on each user's PC and is compatible with Linux and Mac systems. Smartphones using the Android system can also create their own bitcoin wallet. Once created this virtual portfolio, you must proceed with downloading the blockchain which is a global database that keeps track of all used and manipulated bitcoins. This will synchronize your wallet with the blockchain. It is also important for the user to create their own account that will allow them to start operating. Once these preliminary steps have been taken, it is necessary to devote themselves to the mining activity, which identifies the finding of bitcoins. To do this, you must join a pool that, by using a complex software that computes difficult math algorithms, establishes the value of bitcoins by decryption of cryptography and subdivides it among all pool participants, based on the contributed profits (typically packets of at least 50 bitcoins). In fact, this is not the only way you can use it to find bitcoins. In fact, you can also enter the SELL / BUY section of your platform and enter the amount of money you intend to change in bitcoin. When you access your account for bitcoin management, the system generates an alphanumeric code of 34 characters called bitcoin address. It's a very important issue that needs to be jealously guarded as it characterizes all our bitcoins. Letting out the code means losing the ability to use the purchased bitcoins forever. The bitcoin address can be generated whenever you want and it's good practice to create a new one every time you buy bitcoins, so you always stay in anonymity.

USE BITCOIN: ADVANTAGES AND DISADVANTAGE

Bitcoin is now increasingly heard of why their use is not always done in the most correct way. However, it remains a very important fact, that is, a coin intended to have an increasingly important diffusion. But what are the advantages inherent in bitcoin and why to use it? First of all, bitcoin is not owned by any bank and this should ensure a certain "purity" of the currency that should be protected from any financial and economic speculation. In addition, bitcoin does not run the risk of inflation. In fact, since virtual coin quantities have a very hard fixed roof, this prevents any influence of inflation. Bitcoins can not be restricted by any type of bank.

Last but not least, ever more e-commerce stores and commercial realities accept payments with this virtual currency, so the spread of bitcoins finds fertile ground in an ever-widening market. There are, however, some detractors of this virtual currency. In fact, since bitcoin is not tied to a physical person but only to a bitcoin address, there are so many to use this system for paying for illegal activities and traffic, since you will never be able to trace the identity of the owner. Many, then, fear that in the absence of a clear legislature in this matter, bitcoin can become a pile of illegality in which, above all, malicious people will benefit.