Bitcoin is the first practical implementation of
a cryptocurrency, a form of money that uses cryptography to control its creation and management, rather than relying
on central authorities.
However, not all of the technologies and concepts
that make up Bitcoin are new; Satoshi Nakamoto integrated many existing ideas
from the cypherpunk
community when creating Bitcoin.
Through various exchanges, bitcoins are bought
and sold at a variable price against the value of other currency. Bitcoin has
appreciated rapidly in relation to other currencies including the US dollar, euro and British
pound.
Although the Bitcoin Project describes bitcoin
exclusively as an "experimental digital currency," bitcoins are often traded as an
investment.
The Bitcoin “mining” process presently creates 25 Bitcoins every
10 minutes (the number created will be halved every four years), so that limit
will not be reached until the year 2140.
While Bitcoin critics argue that the maximum limit is not large
enough, supporters maintain that since each Bitcoin is divisible to eight
decimal places, the number of fractional Bitcoins (called “satoshis”) – at 21 x
1014 – will be more than enough for all conceivable applications. Conventional
currencies, on the other hand, can be issued without limit.
Bitcoin is still a
new concept, but it’s in the process of being understood and adopted by a
growing number of consumers, merchants, and investors around the world. As this
process continues the reasons to start using bitcoins are becoming more
compelling.
There is also
increased investment in the sector and many new finance companies are offering
more professional and consumer friendly solutions for everyday use.
Bitcoin is not for
everyone at this point because it still poses significant technological and
financial risks, namely the permanent loss of capital. However as these risks
are mitigated, more consumers, merchants, and sophisticated investors should
start learning about and using bitcoin.
Being a digital currency,
you can easily carry thousands of bitcoins
in your phone or any sort of electronic storage device. Any
transaction you do using Bitcoins is untraceable and there are no taxes
involved. Unlike physical currency, Bitcoins cannot be easily stolen because
theft requires access to your authorised physical device to transfer them.
You should also know that
once you transfer or receive bitcoins, the transaction cannot be reversed
because the 'ownership' of the Bitcoins changes instantly. Lastly, there is no
restriction on age or country for a person to use Bitcoins — it is not liable
to any government or financial institution making it accessible to everyone.
Bitcoin has made significant progress in its
adoption and usage since it was unveiled in 2009. Its evolution over the next
few years will determine whether this leading cryptocurrency will become an
integral part of the global financial system, or whether it is destined to
remain a niche player.
BTC SNIPER ROBOT, the newly released
automated Bitcoin trading robot that makes Forex robots a thing of the past.
BTC SNIPER ROBOT, the world first and
only automated Bitcoin Trading Robot releases today. The bot works exclusively
on currency trading to the new digital cryptocurrency - Bitcoin.
BTC SNIPER ROBOT has the ability to trade Bitcoin is one of the
best trading options we’ve seen come to light for many a year. Brand new,
innovative – yet proven to work over
and over again – this is the sort of product that’s going to be talked about in
revered tones in years to come.
1. Making money on
auto-pilot
2. Everything is automated
3. Developed by
experienced programmers and traders
4. Unlimited earning
potential
5. No hiccups, no currency
trading, no brokers, no banks – it is all clean and simple
“Created in 2009
by Satoshi Nakamoto, Bitcoin is an innovative and independent e-currency that
claims to ‘take over the world’ and BTC SNIPER ROBOT, a fully automated trading
system works by allowing you to trade it,” reports Stevenson.
“Bitcoin is a
system of electronic cash that allows online payments to be sent directly
without being subjected to financial institutions such as banks. BTC SNIPER
ROBOT is 100% autopilot and error free; there’s nothing for you to set up or
configure. You can chose from a simple Windows version of BTC SNIPER ROBOT or a
fully, pre-installed VPS version.”
The BTC SNIPER ROBOT analyzes the prices
in the marketplace 24/7, it can exploit any gaps. Using hedging techniques, it
makes the chances of profiting almost 100%.
As the marketplace
is relatively small, this makes for huge fluctuations throughout the day which
the BTC SNIPER ROBOT takes full advantage of even on the weekend. Trading
Bitcoin cuts out banks and there are no more commission payments or bank wire
fees to be paid.
BTC SNIPER ROBOT
enables users to easily profit and make money with Bitcoin that is ATM friendly,
inflation safe, and offers incredible growth.
