The Truth About Bitcoin and Virtual Coins, Cryptomones - English Version
Virtual coins represent the future, switching from cash to digital money is part of evolution.
It was normal for banks to oppose the emergence of bitcoin as the disappearance of banks.
Banks have become cheaters with fine papers, they practice very high interest rates that doubled the amount borrowed there is and account administration fees.
Banks pay for employee salaries (very low), manager salaries (very large), rents for work spaces, etc ...
For virtual currency transactions there are only trading fees that are small and very short transfer times.
Here is the situation and graph of the bitcoin evolution 2009-2017, the situation in the middle of the year:
June 2009 bitcoin value reported to the dollar: 1 BTC = 0.0001 USD
June 2010 bitcoin value per dollar: 1 BTC = 0.07 USD
June 2011 bitcoin value reported on the dollar: 1 BTC = 15 USD
June 2012 bitcoin value reported on the dollar: 1 BTC = 7 USD
June 2013 bitcoin value per dollar: 1 BTC = 100 USD
June 2014 bitcoin value per dollar: 1 BTC = 600 USD
June 2015 bitcoin value reported on the dollar: 1 BTC = 220 USD
June 2016 Bitcoin value reported on the dollar: 1 BTC = 750 USD
June 2017 Bitcoin value reported on the dollar: 1 BTC = 2600 USD
In 2017, Bitcoin's evolution was very high, while other virtual coins appeared and at present there are approximately 1550 virtual coins.
Among the most successful virtual coins I mention: Ethereum, Ripple, Litecoin, Dash, Ethereum Classic, Zcash, Bitcoin Cash and Bitcoin Gold (Bitcoin).
All virtual coins relate to the rise or fall of Bitcoin.
You can earn bitcoin or other virtual coins by mining (specifically by participating in brokerage and transaction verification).
There is a possibility to rip with computers (computers with very high computing power, processors are not enough, very powerful video cards are needed), dedicated devices (BitMain Antminer) or cloud mines.
The best Bitcoin video cards are the latest generation of cards with a minimum of 192 bits, preferably with Nvidia chipset (the best video card for mining), but the most affordable and affordable motherboards are ATI chipset video cards.
In the first part of 2017, the Bitcoin rig with mines was not profitable because earnings covered only electricity consumption and the profit was very low.
However, even if beginning was shy in 2017 Bitcoin began to grow strongly and steadily until December, and by the end of the year it had to reach the threshold of 10,000 Euros.
It seems that in December there was an exponential growth but in my opinion unreasonable / unsustainable.
When Bitcoin reached $ 19,000, we noticed that the "lower commission fee than banks" advantage fell roughly ...
On a $ 100 transfer, you would get $ 50 transfer fee ... incredible and inaccessible ... but on the logical side because the bithokin fractions for transfer (satoshis / byte number) did not change but its value increased and for the whole.
From a maximum of 5% transfer fee there was a 50% charge transfer fee charged by the network.
Much of Bithoin's rise in the last months of 2017 was generated by other coins that launched ICO (initial coin) at around $ 1 and predicted that they would grow rapidly in the early days of launch or in a very short time.
Of course all these new virtual coins can only be bought with Bitcoin.
Most of these cryptomonads are SCAM, those behind the sites after they collect a certain amount disappear with the site ...
At the same time, many cloud mining sites were promising 10%, 20% even 30% profit per day.
Sites are lying to customers that have datacenters with many dedicated mining equipment through countries such as Indonesia, etc.
Since it is virtually impossible to cover such daily profit even with the best bituminous mining equipment, it is obvious that these sites practice a pyramidal system.
But what do you say "let's stay for a few days and I'm withdrawing anyway, I do not invest much" ... that you go after Bitcoin "I only invest what you are willing to lose" ... so what matters 50-100 $.
It can buy mining power with Bitcoin or Dollars. Some sites have a very friendly interface like btcstorm.cloud that disappeared after about 30 days.
Your domain name is private and does not have phone or home address data to make it harder to give up after you run.
For contact, an email and a few pages are available on various social networks, basically on Facebook.
These sites do not catch a month and then disappear without a trace. As the ad offers "free" some mining power ... if you make a calculation it's about $ 2 / month.
But it is important to note that these sites indirectly promote several online transfer sites such as Payeer.Com and Advcash.com (the Russians, the first with a point of business in Germany) that brokered card transactions and stopped a commission of about 10 %.
Successful ICO was HextraCoin, it sold for $ 1 and reached in a few days to about $ 35 ...
It was very difficult to buy, initially without any restriction of quantity and then with a 200-day restriction. It was a certain time at which a certain number of virtual coins were put up for sale, and in a few seconds they were exhausted.
Since there was a lot of competition, of course, many people did not manage to catch up again and you could withdraw their bitcoins was a rule that you have to buy at least 50.
So you had your investment blocked for a while.
That's what happens to most of the serious ICOs, although they rarely survive these ICOs and end up on Exchange Extern. Even Hextracoin is still internally owned and even with some anti-dumping restrictions.
Many virtual coinage sites with ICO were SCAM, just after they were getting a certain amount of money disappearing, just like the cloud mining sites.
Most new or mining sites in the cloud have domains purchased with private identity and possibly with false data.
An unusual exception was sherrahash.com appeared to have a company in England - Sierra Hash Ltd, probably was just a coincidence of names because it disappeared after about a month and this site.
With a virtual currency, you can make transfers around the world as soon as possible and without your personal data.
Perhaps over time this issue will be regulated to avoid fraud.
In Romania it is possible to buy Bitcoin from several ATMs (one located at Unirii Square) or through BitcoinRomania.Ro.
BitcoinRomania requires personal details and a copy of the bulletin before the transactions are authorized.
BitcoinRomania practice commission sale / purchase exchange, like any currency exchange, about 5%.
If you do not make the payment as soon as possible the course changes and cancel the transaction because it does not agree to lose the course.
After the transaction through BitcoinRomania you can make payments through the Smith & Smith network or directly with the card.
Before purchasing, you need to download a virtual wallet on your phone or computer.
Currently $ 390 billion in virtual currency is being purchased globally.
Japan is one of the countries where most of Bitcoin transactions are made.
Bitcoin coins dominate the market with 42%.
After my analysis March 2018 is a good month to buy Bitcoin and if we make an analogy to what happened in the previous years we should expect a steady growth until June 2018 or it may be the year of stagnation ...
I was right when I said that the exponential evolution of [December 2017 - January 2018] is unwarranted / unsustainable given that after about 30 days with an approximate double value, Bitcoin returned to the steady growth point.
The real growth of the Bitcoin is given by its implementation as a payment method for as many important economic branches.
Already there are many online stores even in Romania that have also integrated Bitcoin payment.
A new virtualized virtual currency with a serious and transparent team behind is the Romanian WebDollar cryptcurrency.
The WebDollar coin can be moved directly from the browser.
Currently, WebDollar is in the testing phase but next months the opening and parallel sale of ICO WebDollar will follow.
For more details visit the WebDollar.io site
We made this article after a roughly one-a-day analysis of cryptomonas, Bitcoin acquisition, acquisition of various ICO coins, cloud mining investments, etc.
CONCLUSION - if you want to invest in cryptomonades that will be the future currency, I recommend the Romanian WebDollar virtual currency for the following reasons:
1. Behind this project is a team of people very intelligent and open to dialogue;
2. Transparency;
3. Wallet directly in the browser (browser);
4.
Direct mining possibility from the browser;
5. The ICO coin is put on sale after the public launch (in parallel with the evolution) but not before a kind of support / investment to start the project as most ICOs do.
6. It is a Romanian virtual currency and we must support the Romanian products!
7. Simplified approach for the transaction blockchain.
But do not forget - just invest what you are willing to lose!
If you liked the article, you can donate Bitcoin using the following wallet address:
1C7PKogUGRrs7pfXYusXk2uj4q2jNjBeASThank you! For any questions, please reply to this topic.
