Bitcoin is getting more and more expensive

0
447

The Internet currency Bitcoin is getting more and more expensive. The mark of 4000 dollars she has left already far behind. Attracts you more confidence as the currency of a country whose President, playful confidence?

For the first time, the art currency Bitcoin had risen on Sunday the mark of $ 4,000. At the beginning of August, there were still 2,700 to the Dollar, today’s lunch is occasionally a little more than 4,200 dollars. And, although the currency split had last week. With “Bitcoin Cash” agreed to by the user, to create a second digital currency under the name of Bitcoin.

In principle, everyone who had a Bitcoin add got the same amount of Bitcoin Cash. In addition, the user a sort of modified “terms agreed”. So that payment processes should be accelerated. The transaction speed was the last fallen supposedly “strong”.

Traffic congestion generates a second Bitcoin

This depends on the “Blockchain technology”, with the Bitcoin will be managed: Every transaction is stored in a data block. Each new transaction with the same crypto-money creates a new data block that is connected to the old. So long chains of data blocks, while for accurate documentation which are processed at high conversions, but also increasingly difficult not to, even of high-performance computers.

The data jam was a reason for the splitting of the currency and the new terms and conditions, which allow specific blocks of data out of the chain to separate. Both of which increased the velocity of artificial money. The engine usage and rates.

The editorial recommends

In Greece, a Russian was arrested and is accused of crypto-currency at least four billion dollars washed. (27.07.2017)

With cash pay in many places, less popular, but the System behind it remains strong, shows a study. Digital currencies, such as the Bictoin & co. will remain a rarity – but they have opportunities in developing countries. (13.06.2017)

Digital money is not only fascinating hobby programmer and adventurous private investors. Also in the established financial world, it is a great theme, but the everyday life of the Bitcoin is of limited use only. (22.05.2017)

Striking high trade against Asian currencies

Added to this were probably political reasons. In any case, it was observed that a large part of the Bitcoin sales last week, up to 47 per cent, was executed in the trading of Japanese Yen against Bitcoin. Including the Korean Won and the Chinese Yuan, Asian currencies came to a trade share of around 70 percent. The dollar’s share was only 22 percent. Whether the investors turned to a war safe artificial currency?

What, in that case, you should know that the Bitcoin is anything but stable. Jörn Quitzau, an economist at Berenberg Bank, despite the strong increase in value since the introduction eight years ago, nothing of Bitcoin as a store of value. For this purpose, the rate fluctuating too much. You had to sell to a particular point in time, one could catch a dramatic rate deep. In addition, the long-term increase in value was not secured because constantly similar digital currencies could be invented. There are currently around 900 crypto-currencies.

Bitcoin is nothing for Cash

Bitcoin is a digital unit of account, or currency. It only exists on the Internet. You can’t “print” and “bar” to pay. It was invented in 2008 by a programmer under the Pseudonym Satoshi Nakamoto. He set up in the beginning of 2009, virtually.

Unlike almost all well-known currencies, which are controlled, such as the Euro, the ECB – Central banks, there is this Central control for Bitcoin. Managed Bitcoin through a network of combined computers. You need to confirm the encrypted transactions to prevent, for example, that an amount is double-spent.

Bitcoin Bank is missing the Central

The Euro is, as before, the D-Mark is, therefore, a “legal” means of payment, because it is equipped with the adoption of forced. He must be accepted to settle debt. This is in the case of crypto-currencies. Thus the help of a Central Bank is missing in their function of “lender of last resort”: In this role as a “lender of last refuge,” Central banks ‘ credit, if no one else is willing to do so.

The role of a “ultimate Provider of liquidity,” need you just in financial crises, “in order to resolve such crises,” says Professor Henning Vöpel from the Hamburg Institute of international Economics (HWWI). The digital currencies is not a function that was necessary, “in order to regulate a modern monetary system, and control live.”