Hi Crypto network,
Last week I released an article about Bitcoin standing strong despite scrutiny, but as of today, it seems Bitcoin has finally accepted a drop due to South Korea and regulation questions being continually raised. We currently see Bitcoin sitting shy of $10k at $9,719 and on a 1.2% increase in the last 24 hours. Ethereum is down at $843.
Ripple is also still below the dollar mark at $0.91.
Today’s focus is building knowledge and understanding about the history and function of cryptocurrencies, especially Bitcoin.
Before you get stuck in, here’s the Ethereum Trade Opportunity we promised you, looking at between a 12% and 24% gain!
Ethereum has now based its premium support at the bottom of the trap range which we can clearly see from the chart @ $554.55. We need a clear breakout about the sloping trend line to get a trend change and then the bulls will finally take control.
For those who are new to trading: It’s simple! Go long on Ethereum once we see a daily close above $880, and target $990 as a minimum, with a longer-term objective of $1093!
Be sure you don’t miss this magnificent opportunity! Now, back to the Blog!
EVERYTHING YOU NEED TO KNOW ABOUT THE BITCOIN BUZZ, HISTORY AND FUNCTION
Are you new to the world of Bitcoin Business? Do you want to know more about cryptocurrencies? Then find out what the Crypto Analysts at Platinum Crypto Academy have to say about trading cryptocurrencies!
The Bitcoin Buzz
There’s a lot of buzz around Bitcoin and cryptocurrencies, which has changed the entire financial ecosystem using blockchain technology. However, despite all the hype surrounding Bitcoin, a survey conducted by PwC (PricewaterhouseCoopers) found that a mere 24% of the finance professionals around the world are familiar with the way cryptocurrency works. In fact, most of the investors do not know whether it’s legal to trade the currency or not. Read on to discover how Bitcoin and Blockchain technology is changing the world.
The History of Bitcoin
As one of the first cryptocurrencies in the world, Bitcoins are unique digital currencies that are secured with the help of cryptography. The virtual currency was launched in the year 2009 by Satoshi Nakamoto, an individual or group whose true identity is not yet known to many people. Bitcoins were primarily launched to set up an innovative electronic form of decentralized cash or currency system that wasn’t governed by any centralized authority or server. Today, investors can easily exchange Bitcoin like any other currency.
So, what are Bitcoins?
Bitcoins are basically digital currencies and hence there aren’t any coins for minting or bill printing involved in the case of a Bitcoin-based transaction. It isn’t monitored by any government or financial institution and thus it is decentralized. Bitcoin utilizes blockchain technology as well as a highly secure encryption system to connect sellers as well as buyers.
How Bitcoin Business works?
Bitcoin Business works through the process of mining. They operate on an open ledger known as the blockchain. Thus, each and every transaction gets registered on the Bitcoin blockchain and every time a fresh block is mined, the details of the transaction also gets confirmed and recorded on the blockchain. Apart from this, every piece of information/data on the Bitcoin network is secured and encrypted.
Where Can Investors find Bitcoins?
Bitcoins can be bought in the following ways:
- At cryptocurrency exchanges wherein, one can exchange fiat currencies for different cryptocurrencies or Bitcoins. Some of the popular exchanges include Coin square and Coinbase in the Canada & United States as well as the United Kingdom’s Bittylicious and BitBargain.
- Bitcoin ATMs wherein investors can exchange the virtual currency or cash for other cryptocurrencies. Some of the options include CoinCorner and BTER.
- Investors can also sell a service or product in exchange for Bitcoin.
Put simply, Bitcoins have changed the way investors store as well as spend their money. After the introduction of money in the printed form, people around the globe, are dependent on their central governments for printing, storing as well as moving the fiat currency from their bank accounts. As a result, these banks charge people for their services. However, Bitcoins have made every individual responsible for their own wealth and every time it’s transferred to another person or wallet, the transactions cannot be reversed.
HOW THE PLATINUM CRYPTO ACADEMY CAN HELP YOU BENEFIT FROM CRYPTOS
You may look at the whole Cryptocurrency Market and be overwhelmed simply by the sheer number of currencies to choose from, or you may be on edge at the large amounts of volatility that the market presents on a consistent basis. That’s where we come in. We aim to help you in any and every way we can, by providing you with updates on the latest news in the market and also providing you with trade opportunities on a variety of cryptocurrencies. Your success is our business. We will teach you how to find these opportunities for yourself, so you not only profit from the opportunities that we provide, but also from opportunities that you yourself will find. We will do our utmost to instil you with the confidence required to be a successful Cryptocurrency Trader and give you any support that you may ever need with our Crypto Courses. Book your session below to start your Crypto Journey!
If you’ve booked your session above, we look forward to speaking to you soon!
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Live from the Platinum Crypto Trading Floor.
The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.