Now very famous and used, everyone knows that bitcoin is an electronic type of currency that was conceived in 2009 by a developer who, to maintain his anonymity, presented himself to the world under a pseudonym: Satoshi Nakamoto. The bitcoin network gives the possibility to own and transfer a series of coins without, however, passing through a central institution but using a database located in the network, able to track transactions; also, through an encryption system is able to generate new coins. It is thanks to this type of digital currency that the practice of online trading is born, through platforms used as eToro and cTrader.
It is believed that bitcoins have contributed to the realization of a concept known as cryptovalue, already theorized in the past, and precisely in 1998, by Wei Dai Just as with real currencies, this electronic currency have been designed for their respective symbols and codes that are precisely ฿ and BTC or XBT.
It is also very useful to know that when the name of the currency written with a capital initial is found, this refers to the network and the technology itself, instead, if the initial is lowercase, then the term is addressed to the actual currency.
As for the management of this type of currency, it can be defined as completely digital, in fact, there is no Central Bank that is responsible for creating and placing money on the market, however, the Bitcoin is, as already mentioned, based on a database and an encryption system, both very advanced, with which you can, not only keep track of transactions, but also generate new money and provide for the assignment to the owners.
Consequently, the portfolio for bitcoins is also digital, in fact, it can consist of any PC that can be kept personally, or entrusted to third parties, the latter, in practice, take the place of traditional banks.
Through the Internet, bitcoins move to those with an appropriate address, through a mechanism based on peer to peer. Practically everything is a bit like what has been happening for many years, for the exchange of video or audio files. In this way, there is no authority able to block the Network or devalue the currency due to the introduction of a new one.
New ideas are not always welcomed and, indeed, very often the rumors about new technologies are often exaggerated and false. Let's see, therefore, which are the most common fakes that concern the Bitcoin system:
So, in conclusion, it can be said that when someone talks about bitcoins, most of the time the news they heard around is false or taken to the extreme and, before spreading fake should be better documented.
The positive aspects of the diffusion of this type of cryptovalue, mainly concern the management of the currency, as there would be no more government mediation. This would allow a total reduction in transaction costs. Consequently, for example, a e - commerce site that wanted to adopt this type of payment for its customers could do so in a simple and fast way, without the need to rely on credit institutions, such as banks or post offices, and thus being able to contain various types of costs that, at the moment, they are forced to impose.
Another positive aspect is that bitcoins are easy to store independently, inside your computer, which would become a kind of wallet from which you can draw without limits and without controls. This dynamic would allow immediate availability of money at any time and with the guarantee of maintaining absolute confidentiality.
Thanks to the bitcoin, the problem of the counterfeiting of money would be solved, as it is not spoken of physical denat but of money processed by algorithms, the virtual money quantity in circulation is also limited, eliminating the risk of inflation and currency devaluation.
One of the main risks deriving from the use of bitcoin is the fact that while physical coins do not have a serial number which allows to identify and trace the user but also the specific movements of the currency. This means that it is practically impossible to reveal the identity of the person who carried out the operation.
I would say that this is the perfect currency to start an illegal trade in money and the sale of illegal goods such as weapons or drugs.
This is one of the main reasons why transactions through bitcoins are not yet allowed, the government not having the power to trace the holders of such movements would risk losing control of the situation, allowing the creation of portals, operating exclusively with bitcoins, where you can sell items and services without penalty.
Most of the time we Italians need to try a service before we can fully use it: just open a demo account to trade.
Apps for online trading are many, and it is difficult to find the ideal solution without wasting time with non-functional applications. So, we try to make it clear by recommending a range of trader applications to download and test directly with your strategies.
It is much easier to analyze some data through the reading of graphs than the discussion that can arise around simple numerical inputs. Through the graphs it will be possible to monitor information related to volumes and other technical indicators (they are displayed at the base of the graph characterizing the time axis). To give a concrete example, the bands of Bollinger are directly represented on the price graph.
If it is true that more and more people are using online trading to round off their salaries, the market itself owes a lot to the internet and the traders themselves. The reasons why this market attracts more and more attention are that the costs for commissions are very low, not to mention the ease and speed in being able to meet certain economic dynamics (especially for a class of non-specialist people).