Bitcoin- few important reasons to use crypto-currency

Today, the craze of using bitcoin is increasing day by day. People use this currency for investment and trading purpose. However, in some countries, the use of crypto-currency is still illegal, but investor’s use this currency in their business as the price of this currency are mostly high with creates a huge profit for the investors while they exchange it with other currencies. People have different reasons to use this currency, but there are few who still hesitate in using this currency if this is the case then there are several reasons to use it that will help you know why using crypto-currency is beneficial for you!

Therefore, here are the reasons to use Bitcoin:
• Spend money privately- The most important reason and benefit of using this currency is its pseudonymous quality. For some people, using bitcoin is the desired level of security and privacy that any other currencies do not. There is no restriction or government policies imposed on using this currency as other currencies have. You can use bitcoins for making payments and for investment purpose. You do not need to worry about the privacy as you can spend money privately.

• Offers interest on investment- Another most amazing reason that makes people use bitcoin is that it offers people interest if they invest in this currency. Especially businesses invest in this currency so that they can easily earn huge profit and it does not involve any risk when used.
• Safe and simple – If you make payment with any other currency, it can create some problems for you, as there can be frauds that can steal your account information also. However, if you are making payment with bitcoin it is easy and safe for the users. It is peer-to-peer payment method where there is not the involvement of any intermediary.
Therefore, these were some of the basic but important reasons to use bitcoin.
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Bitcoin is the crypto currency or you can say it is the decentralized of digital currency. You can also call it virtual currency. Virtual currency or digital currency means they do not exist in a physical manner but their value matters. Bitcoins are essential tokens without physical balance, and it’s work on a block chain technology and by this technology, all transactions occur on a decentralized network of computers around the world. Basically, the network used in this technology is peer to peer network and transactions take place between users directly, without an intermediary. The founder of bitcoin is still anonymous. The only information available is that he is known by the name of Satoshi Nakamoto.

Bitcoin has no financial authority like RBI for the rupees. Bitcoin can be divided into 8 decimal bits.The smallest bit is called Satoshi. A Bitcoin price is decided by the law of supply and demand. As the supply is limited to 21 million bitcoin, so many individuals use bitcoin and as the increased demand which is combined with fixed supply, so as a result of it, it will force the price to go up.
How bitcoins works?
When you transfer a bitcoin to other person account or wallet, then the transaction is added in the block chain and it’s broadcast to the network, the block chain checks the transaction process and sure that the same bitcoin is not spent twice by the same user. A computer network authorizes the transaction by using their algorithms so that the transaction becomes unchangeable. After validation, the transaction is added to the receiver account.
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Apart from what has been stated above, it is a known fact that people across the globe now try to show off with their popularity by going ahead and buying views or in case, if such people are on twitter they try to impose their popularity upon their friends by buying a number of followers online. One might buy twitter followers and thereafter, take pride in doing so, but he should realize that no matter what he does on his social life, he is going to remain what he is, that is, he might not gain popularity among his friends, family, and colleagues, as in real life they know who the guy is and what he actually is like.

However, apart from his, a number of the youngsters of the current generation try to show off by uploading a number of pictures, videos, statements, and quotes on various social networking sites like Facebook. Well, this is just not enough; things don’t end here for them. After uploading their pictures, etc., these youngsters go ahead and buy Facebook likes to show their friends circle the amount of popularity that they have been able to gain as teenagers. However, this isn’t good and is at the same time something that must receive a stop before the repercussions are serious enough to destroy one’s life. Now, that you have gained ample amount of knowledge about buying likes and views, you should make it a point to stop for a while, think, check yourself and thereafter, realize whether buying likes and views on social networking sites is as important as your career and studies.

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• You are either supposed to buy gold from offline gold shops or online shops. The standard real world sellers include banks, coin shops as well as small coin dealers. The banks are there to charge you highly as the price of the gold coins. Therefore, you can go for standard coin shops to buy the gold coins.

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Using inappropriate and unnecessary hashtags
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