Bitcoin Basics For Steemit Newbies. by mindhunter

cryptocurrency · @mindhunter · Jul 22 '17

$71.81

Bitcoin Basics For Steemit Newbies.

## Dencentralization
Bitcoin is a cryptocurrency, that is spent, saved, or invested, and it might be stolen also. Trading with Bitcoins has been regarded as dangerous, but the present trend shows that it has become a big hit in the cryptocurrency markets. This decentralized currency isn't regulated by any Government, or by any central authority. Bitcoin's price is determined in accordance with the supply and demand ratio. Price increases once the demand increases, the rates collapse down when the demand falls. Bitcoins in flow are limited, and new ones are made at a very slow speed. As it doesn't have enough of a cash book to move the market price, its cost can be particularly volatile.
***
http://s3.amazonaws.com/digitaltrends-uploads-prod/2013/12/Bitcoin-is-a-bad-bet.jpg
[Source](http://s3.amazonaws.com/digitaltrends-uploads-prod/2013/12/Bitcoin-is-a-bad-bet.jpg)
***
## Low inflation risk
Inflation is of the largest issue for traders, because all currencies lose some of their buying power when the banks keep printing more currency. With Bitcoin minting system being restricted to only 21 million Bitcoins, it hardly gets impacted with inflation. Low collapse risk - Currency fluctuations depend on government trade policies, that at times cause hyperinflation, and even lead to of the collapse of currency. Bitcoin is a digital universal currency, which isn't regulated by any government. Simple, safe and inexpensive - The Bitcoin payments take place between peer-to peer with no middleman, that's the reason it's straightforward and cheap.

## Easy to carry
Bitcoins worth million dollars can be transported in your pocket, in a memory stick. Untraceable - Issuance of Bitcoin isn't regulated by any government, so the potential risk of seizure is nil. Cryptocurrency exchanges have been getting familiar with popularity of these Bitcoins, and its constant fluctuating values. Bitcoin brokers also provide cryptocurrency as trading options too and these include One touch options - Bitcoin trading can be done with AnyOption or one touch option provider. For example, the current popular currency pair is BTC/USD.

**Steem on!**

@mindhunter
***

👍 someonewhoisme, freeyourmind, snowflake, rok-sivante, mindhunter, akasurreal, lrock, luna33, steemvoter, livingfree, ardina, jkkim, jaycobbell, g-dubs, steemspoker, anomadsoul, cryptotem, lighteye, trans-juanmi, alsprinting, blhz, gordoncole, arcjen, ldauch, steemsquad, natkow, samanthalynn, drrobertmuller, zenhunters, redonkulas, marcusxman, altcointrends, manah, bprasad, chapcl, hippiepyro, paranuansa, thewiredneuron, josearteaga, alechamilton, sonofbaah, extras, duekie, epeakinfo, crypsis, metabs, tumbleweeds, almvide, piercetheveil
👎 pfunk, steemcleaners, blacklist-a

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@paranuansa · Jul 22 '17

$0.37

Can you please clarify the purpose of how to open a btc channel that can quickly gain profit.
I do not understand what I should do, by using btc which may quickly open the sbd opinion process.
I also have used various ways to get fast channel in btc process, but not achieved what I want.

👍 good-karma

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@everittdmickey · Jul 22 '17

huh?

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@mindhunter · Jul 22 '17

$75.63

I trade BTC daily on Bittrex - this is the fastest way to BTC profits for me :)

👍 someonewhoisme, freeyourmind, snowflake, luna33

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@yestarelf · Jul 22 '17

$0.42

Ngak tau mau koment apa, Duh jadi galau ini awak.   sabar-sabar hiks hiks hiks 
ck dasar ya, ini otak emang ngak bisa mikir apapun, ke ingat KKN pula. Duduh parah memang, teman-teman seangkatan juga pada memberontak, kenapa harus KKN cepat banget... Sabar sabar

👍 good-karma, bitcoiner, feruz, esteemapp, yestarelf, bounties, steempoll, demo, tipping, mysteem

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@luiszuritam · Jul 22 '17

Hello friend, great post, I congratulate you :-)  @mindhunter

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@forexbrokr · Jul 22 '17

Nice little overview mate, thank you for this.

Do you trade crypto yourself?  [Check out some of my BTC/USD technical analysis on my blog](https://steemit.com/bitcoin/@forexbrokr/chart-art-bitcoin-rip-city-a-look-at-what-s-happening) and let's have a conversation about what setups look best.

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@metabs · Jul 22 '17

Steemit is a place with lots of newcomers, thanks for sharing this guide!

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@mindhunter · Jul 22 '17

No problem @metabs :)

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@steemcleaners · Jul 22 '17

$1.25

Source- http://ezinearticles.com/?Bitcoin-Brokers---Understand-the-Benefits-of-CryptoCurrency-Trading&id=8717858

This is getting a bit ridiculous.... you get caught plagiarizing, you say its because you were "lazy and testing cheetah". You say you are going to stop, then get caught plagiarizing a translated article where you then declared " got me again, all my tests are now over"...

At which point you are now plagiarizing again,
Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).

👍 adm

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@mindhunter · Jul 22 '17

This was an http://articoolo.com test as articles have started appearing from there and other article spinning sites too. They appears to be fooling cheetah some of the time and not others. A sensible chat about cheetah weakness I'd welcome on steemit.chat (handle name: chat_mindhunter) 

As the biggest poster on Steemit we must probe for all weaknesses to the cheetah underbelly before the Alpha phase. Cheetah has some great strengths, but also some weak blind spots too. Best we find them now and not later on.

👎 ats-david

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@ats-david · Jul 23 '17

$0.42

I am downvoting this comment as a test of the downvote function. It's better to find any weak spots with downvotes before Steemit moves out of beta.

👍 pharesim, whatsup

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1 reply