Bitcoin, which has left the week behind with rapid rises and sharp declines, is taking the attention of the investors all over again, and they are busy with their questions. What is Bitcoin, how is it bought-sold, is there a future?

Bitcoin has gone from $ 1000 to $ 12,000 in the last year. The record-breaking virtual currency closed the week we left behind with serious ups and downs. Bitcoin, which broke new record on Wednesday after crossing $ 11,000, fell 11 percent to $ 8,593, down $ 2,400 within a few hours. The decline of 11 percent was the sharpest decline in Bitcoin since November 26th. On Thursday morning, Bitcoin passed 10 thousand dollars again. On the last day of the week, it dropped to about $ 2,000 and fell to $ 9500. The rise and fall of the crypto paradigm have turned all attention to bitcoine.

Bitcoin, which emerged in 2009 and increased its popularity all the time, is now facing opposition as a power that can not be steered. This decentralized power naturally frightens financial markets, big bankers and global banks. Because Bitcoin is not affiliated with any institution, country or person! Bitcoin is a fully digital currency, payment system and decentralized reconciliation network. On the system, users can make transfers directly to each other without a tool. Transfers are recorded in a decentralized recording and reconciliation system. This registration and reconciliation system is called Blockchain. The value unit transferred on the bitcoin network is called bitcoin (BTC).

Who is the owner and center of Bitcoin?

It is said that it was created by Satoshi Nakamoto, but no one or organization has Bitcoin network as nobody has e-mail technology. Representation, franchise etc. there is no formation. Bitcoin is not a company or an institution; it is open technology and everyone can participate, use or participate without any hindrance.

Who sets the price of Bitcoin?

The value of Bitcoin is determined entirely by the supply-demand relationship on independent stock exchanges. Stock exchanges, which match buyers and sellers' orders, publish transactions made by users as price and market information. Different Bitcoin stock exchanges are not linked to each other or to a center. Bitcoin price on each stock market is formed independently. The arbitrage transactions made by the users allow the price to go close together in the stock market.

Are bitcoins safe?

599/5000
The basic technology of Bitcoin is open source and can be observed by everyone. Past problems related to Bitcoin's core technology, which is controlled by thousands of independent security experts, are quickly eliminated. But it must be remembered that Bitcoin is still evolving. Users should be careful when working with third party Bitcoin service providers for purchase / sale, investment or transfer purposes. It is a well-known fact that many service providers are routinely victimized by theft, system intrusions and direct fraud.

Bitcoin permits to leave

The US derivative regulator has decided not to allow the transaction of Bitcoin in CME and CBOE to be processed. According to a decision released on Friday, CME will open Bitcoin futures on December 18th. Bitcoin fluctuated in the range of 8 thousand to 10 thousand 300 dollars during the day, after the announcement of the decision showed a margin of 10 thousand 400 dollars. With the decision, it is expected that new records will be available at Bitcoin price.

Fed vice president is cautious

Vice President Randal Quarles, who recently started his post at the US Central Bank (Fed), criticized digital currencies. Quarles emphasized that Bitcoin now rises to $ 11,443 after rising from $ 10,000 to $ 10,000 in the week, but that the media is now an eye baby, "Quarles said." Digital currencies are not supported by other assets, they are not of primary value, they are not in the responsibility of supervised banks . " used expressions. Quarles noted that it is difficult to accept digital currencies as a new financial asset, and warned that increased use would bring significant risks to financial stability.

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