Bitcoin Guide For Beginners: Bitcoin Trading and Mining Made Easy

By Dale Blake

Not many of us are familiar with the bitcoins. In this book you will learn about some basics of bitcoins and their use. A brief overview of their merits and demerits is presented plus a comparison with the conventional currency systems and regulations. Bitcoin is a virtual, digital currency just like conventional currency but not printed. This mode

• Language: English
• Publisher: Mihails Konoplovs
• Release date: Dec 1, 2014
• ISBN: 9781681270081

Dale Blake

Dedicated to promoting and making possible order and productivity, Dale Blake is a successful author who specializes in writing business books and also creating travel, wedding, and monthly planners. Dale has always had a knack for organization: even as a child, he could be counted on to ensure that family events, vacations, homework, and more would be prepared for or completed in an orderly fashion. Dale continues to rely on the value of organization and the importance of having order in the home and office. His books--aimed to help others remember their passwords, set agendas, plan for work or vacation, and more--reflect his drive to help today's parents, students, leaders, and business people navigate the modern world and meet its demands with ease. When not busy with writing, planning, ordering, and the like, Dale dedicates his free time to hanging out with his family and friends or-either alone or with company-enjoying the beauty of America's Great Outdoors through fishing, cycling, skiing, hiking, camping, and more. As an aspiring history buff, he is also a coin collector and possesses a respectable collection of coins of all ages and from all places which he is always eager to add to.

Book preview

Introduction

Not many of us are familiar with the bitcoins. In this book, you will learn about some basics of bitcoins and their use. A brief overview of their merits and demerits is presented plus a comparison with the conventional currency systems and regulations. You will discover the reaction of existing governments and the banking systems to this emerging digital currency. 

Bitcoin is a virtual, digital currency just like conventional currency but not printed. This model of currency is making its headway in the internet market because of ease and least regulations. While exchanging, you are not charged any fees as it is done in case of regular currencies. It can be said as a product of new globalized world in the form of single currency beyond the limitations imposed by the regional governments. It is a unique idea that will obviously inspire the whole world in the coming future.

Chapter 1. Bitcoin Basics

Bitcoin is a mode of imbursement that is online and supported by software. It saves imbursement records as public logs, and it has its own unit of accounting imbursements. The unit of measurement of imbursements is referred to as ‘bitcoin’. However, the status of this kind of online currency is generally disputed and certain media groups do not recognize it as a