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How To Trade Bitcoin

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7 views

How To Trade Bitcoin

Uploaded by

Bejja Sarra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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4

What is a Cryptocurrency?
A cryptocurrency is a digitally-encrypted, decentralized
currency that is not connected to nor controlled by any
government or central bank, unlike traditional currencies $
such as the US dollar (issued by the Federal Reserve), euro
(European Central Bank), or Japanese yen (Bank of Japan),
among many others.

Like these traditional currencies, cryptocurrencies generally


CENTRAL BANKS
ll two primary roles:

• Payment systems for goods and services


• Speculative instruments for trading and investing

POPULAR CRYPTOCURRENCIES:

BITCOIN LITECOIN ETHEREUM RIPPLE DASH


Since its inception Launched in Released in 2015, Created in 2012, Launched in
in 2009, Bitcoin 2011, Litecoin is Ethereum has Ripple diers from 2014, Dash, or
has grown rapidly used primarily rapidly gained Bitcoin in that it Digital Cash, was
in prominence as as a payment popularity on the does not require initially known as
the world’s first transaction heels of Bitcoin, mining to create the “Darkcoin,” and
and most popularcryptocurrency that and currently cryptocurrency. is unique in that
cryptocurrency. has been called has a market it is considered a
“silver to Bitcoin’s capitalization highly anonymous
gold.” second only to and secretive
Bitcoin among cryptocurrency
cryptocurrencies. that specializes in
virtually untraceable
transactions.

Our services include products that are traded on margin and your capital is at risk. The products may not be suitable for
everyone - please ensure you fully understand the risks involved.
5

How Bitcoin Works


As the world’s first and most popular cryptocurrency, Bitcoin eclipses all
others when it comes to public usage and recognition, market capitalization,
and trading volume. The payment aspect of Bitcoin has continued to grow
at a brisk pace since its 2009 inception, as both individuals and institutions
have increasingly come to view the cryptocurrency as an accepted method
for executing payment transactions.

BITCOIN PIONEERED THE CRYPTOCURRENCY SPACE, AND


FOR NOW REMAINS THE STANDARD BY WHICH OTHERS ARE
MEASURED.

As a decentralized currency that is entirely digital and disconnected from any government or
central bank, Bitcoin has several key characteristics:

Bitcoin utilizes a worldwide Bitcoins are created through a Digital “wallets” are used to store
network of encrypted peer-to-peer process called “mining,” which uses Bitcoin credentials for each use
transactions that are verified and computer processing capacity to and enable users to store, transfer,
securely recorded in a “blockchain,” form units of the cryptocurrency. In and spend their currency, at
which is a digital public transaction
order to add new Bitcoins into the recorded in the blockchain. Bitcoin
ledger devoid of any central
authority. All confirmed and global network, miners must follow which point these transactions are
strict cryptographic rules specifi wallets use secured “private keys,”
verified Bitcoin transactions are ed
included in this blockchain. which are used to sign and provide
by the system.
proof of transactions.

Our services include products that are traded on margin and your capital is at risk. The products may not be suitable for
everyone - please ensure you fully understand the risks involved.

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