Crypto bit Blog

Technical analysis begins with the price chart and is inextricably linked to it. Even a beginner can start looking closely at the trading platform in search of patterns. Strange as it may seem, they really are there. A chart is a kind of language, akin to the one in which mathematicians communicate. A professor of any country will easily understand the parabolic images and universally recorded formulas. It is the same with traders and analysts all over the world. They have developed their own language, through which they "read" trading signals and make trades depending on their trading strategy. This is the technical analysis. Definition. Technical analysis is an attempt to calculate the market. It is based on mathematical processing of previous price values and on them to make a forecast of the future movement. Formulas, algorithms, indicators and levels - in general, objects that in one way or another interpret the quotes chart - help traders to do this. In this way, it tur...

 Earlier versions of bitcoin clients allowed using the computing power of computer central processors, but it was extremely energy consuming and, as a result, financially unreasonable. Mining on video cards was faster and more efficient, and now uses specially designed devices, the so-called ASIC equipment. Why does Bitcoin have cost? People have always appreciated useful and indispensable things. A useful thing always has a demand and a price. The initial cost of crypto-currency is the cost of the electricity consumed. The secondary value is determined by the demand for this crypt-currency. Bitcoin has value because it is useful as a form of money. Bitcoin has the characteristics of money (durability, mobility, inadequacy, separability) and can also perform the functions of money (means of accumulation, means of payment, measure of value). Its use is not based on physical properties, like gold and silver, but on mathematical ones. The real price of bitcoin is determined by the bal...

 Second, anonymity. Anonymity of transaction execution is achieved due to the fact that bitcoins wallets do not have familiar logins and passwords, and there is no need to specify any personal data of the sender and recipient of funds. A purse consists of a public identifier, conditionally it can be called a login, balance and private key. To make a transaction, you need to know only the public identifier of the recipient. The process of purse creation is the generation of a random private key, for which a cryptographic function called hashing is responsible. When a user loses access to his wallet, the funds contained in it are dropped out of circulation. Lost bitcoins still remain in global history, just like everyone else, however, will remain motionless forever, because there is no way to find the private key. According to the law of supply and demand, the fewer bitcoins are available, the more valuable those that are left in circulation will be. Third, there is no single produc...

 Nowadays, electronic money has become particularly popular, despite the fact that it appeared relatively recently. This is facilitated by such factors as convenience of payment for goods in online stores, high speed of transactions, the use of modern technology to ensure the security of transactions. One of the most promising types of e-money is cryptocurrency. Cryptovalut is a type of digital currency, protected from counterfeiting, which can be stored in electronic wallets, as well as transferred from one purse to another. At first sight cryptovalut look like usual electronic payment systems, actually they have a number of fundamental distinctions, the main of which is their peer-to-peer architecture (P2P), i.e. all system providing transaction performance and storing the information on them, is based on a decentralized computer network and absolute equality of participants. It does not have a single center, and the database is duplicated by all users who use the cryptographic c...

 Despite the fact that legalization is not so important for cryptovolves, as for the Fiat people, this mechanism allowed them to get out of the grey zone and into the white zone, to increase demand and, as a result, market capitalization. The flip side Processes are exchange rate fluctuations resulting from negative national statements. regulators on cryptology: for example, in September 2017, the Bitcoin exchange rate fell by more than USD 1,000 (25%) as a result of the Chinese regulator's statement about temporary suspension of the largest exchanges. Conclusion . Cryptov currencies are currently at the heart of the digitalization theme. of the economy. Initial fixation as a payment service with the support of the objective value created by Blockchain technology, the ideological content and the support of the crypto-enthusiasts has indeed given them cause to be considered as the latest stage in the digital evolution of money. In that case, the concept of money has made "Hegel...

 It's worth saying that there's no single approach to regulating turnover. cryptology: it is defined as both a means of payment and a digital asset. a specific product. At the moment, the highest level of acceptance of cryptovalut shows three categories of countries: developed countries (Japan, EU, South Korea), The United States of America), Third World countries with weak national currencies (Zimbabwe, Venezuela), as well as countries in the post-Soviet space (Estonia, Russia, Ukraine). The smallest is . The level of acceptance at the national level is demonstrated by some Arab countries. countries (in particular Saudi Arabia is discussing how much cryptological currency comply with sharia law), as well as China, which has significantly tightened legislation on cryptology, but a total ban today is still in question. isn't going anywhere. In the first case (USA/EU/Asia), the acceptance of cryptographic currency is associated with loyal the attitude of the authorities and t...

 Another class of players that the crypts have attracted their own out of State control, cross-border and anonymous, have become the various illegal entrepreneurs and corrupt officials who found in Bitcoin an easy way to legalize your income. The greatest demand came from China, where The fight against corruption is particularly active, as well as in CIS countries. 5. 5. Financial speculation. The idea of "easy" earning, which lies at the heart of the fight against corruption. ...has attracted more than just miners to the cryptic ecosystem. Financial . speculators have found a new space in cryptovoltaic currencies to inject fictional of capital and foreign exchange gains. Fixed capital is capital that has its own movement, different from that of actual capital as in production forms as well as in cash, and is an instrument redistribution of generated income or accumulated wealth18. With the growing popularity of cryptocurrency exchanges, part of the capital, circulating on th...