All About BITCOIN

Many of us are coming across this term Bitcoin nowadays. Headlines are not enough for what they really are. With all the important details of Bitcoin we present you the much needed breakthrough to crack down this very important future mascot. Well you’ll not be surprised with it as termed as future of transaction after knowing it’s attributes. Here i will answer some general questions related to Bitcoins:
  • What is Bitcoin?
Bitcoin is a digital or electronic currency which is based upon peer-to-peer theory mostly used for network. On easier grounds, Bitcoin is a decentralized currency with no control by central authority. This will help in tracking free transaction which means your neighbor would never come to know if you have bought gold worth 2Bitcoins. Whereas the transaction records are safely kept on the transaction history for any future assistance.
  • How can I Use Bitcoin?
Bitcoins are the mixture of Cash and Paytm which means the transaction would be safer for higher denomination and as worth as cash. Like cash, once the Bitcoin is transferred, it can’t reverse untill the receiver is in willing to do so. But the transaction can be made to any Bitcoin address and it will show up within 24hrs. And within minutes you can use them for any purpose- transferring to bank account, paying any bill, and also transferring to any other Bitcoin address.
  • What are the benefits of Bitcoins?
Well to be honest the Bitcoins are advised for the investment purpose and many of economist have revealed the benefits of it. As the cash is out of action, Bitcoins are more of reliability with proof to invest anywhere. In some countries , you can buy the groceries and clothes just as simple as cash . Bitcoin is entirely digital; no need to carry actual in the Bitcoin.
  • How is my Bitcoins safe?
Separated from Government interruption, one’s care is justified for the safety of their investment. The blockchain is the secret of Bitcoins that records transactions of every single Bitcoin address. Maintenance of the blockchain is done by a complex network of communicating nodes which runs bitcoin software. The blockchain system is uniquely designed with a limit to accommodate only 21 million bitcoins in circulation.
  • Don’t expect a high rise or Billionaire Dream
Be careful for the tall and high rise promises, because it is not possible with the equation of security and transaction of the Bitcoins. By February, about 15.2 million bitcoins have already been produced. And not surprising, That it is about 75% of the total already in circulation. So after getting the stats, I don’t think you should fall for any trap of being Billionaire or rich within a night.
  • India’s stand on Bitcoin
India has already launched it’s app with zebpay and others. The wallet is secured with Bitcoins software. With the introduction of Bitcoins in 2009, India has progressively assisted to the idea. The current value of Bitcoin is around $1200. If a saying is to be believed, then you can expect the rise up to $500,000 by 2030. Well, you can imagine how much an urban ledger have been benefitted from 5000  Bitcoins purchased in 2009 for just $27. Rest assured to you all to get the best of Bitcoins.
There are BITCOIN supporting Debit card that can allow you to without your bitcoin from any ATM (automated Teller Machine).

Here you can get bitcoin credit card to enable spend your bitcoin and withdraw worldwide 
https://www.plexcoin.com/?ref=Mr7HhpfZ6n

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