Is Bitcoin Code A SCAM Or LEGIT? Bitcoin Code Example 2018! How Does Bitcoin Code Works? Is TheBitcoinCode.com SCAM Or NOT? Take a Look To The Bitcoin Code Reviews Before Buy Bitcoin Code Software
The currency of the Bitcoin Code gains in its dealings, Friday, to jump to the highest level at all, despite criticism by the government, and by this morning, the currency of Bitcoin Code to the level of 5386 dollars for the first time ever, an increase of 11.3%.
The market value of the virtual currency Bitcoin Code rose to 89.5 billion dollars, and the currency of “Bitcoin Cash” by 1.7% to 319.5 dollars, while the currency Ether by about 1% to 303.98 dollars.
Electronic currencies posted significant gains during the third quarter of this year, with total market capitalization rising by 44% to $ 147 billion, despite the war waged by governments of some countries last month.
What is Bitcoin Code
The currency is used in transactions on the Internet and is not controlled by any central authority. It relies on thousands of computers around the world that validate transactions and add more of their currency to the Bitcoin Code system, encrypted by an anonymous person known as ” Satoshi Nakamoto “, and fairly similar to the known currencies of the dollar, the euro, and other currencies, but they differ in that they are hypothetical, ie their transactions on the Internet have no physical presence, and encrypted, ie can not track the buying and selling operations done or even the knowledge of the owner Currencies, but why the Bitcoin Code ?, everything has pros And cons, and the pros of this currency summed up in three things:
– Low fees and speed
Instead of the need for an intermediary between you and the merchant to transfer money, and this mediator deducts a percentage of money, with the existence of the currency of the house, this process does not exist, because the currency did not move, but the currency code is what came out of your portfolio and entered the merchant’s wallet, And between the trader without a broker and called P2P or peer to peer.
Buying and selling can not be monitored or interfered with. This is a positive point for those who like privacy as it reduces the control of the government and banks on the currency.
It is not linked to a specific geographical location, it can be treated as your local currency, and the most important thing in this currency is that it has no officer or link if that is true; this eliminates the control of central banks on the printing of money that causes inflation and high prices, and why this currency is protected from Inflation is their limited number. Satoshi Nakamoto has set up a plan to produce 21 million currency by 2140, and its limited number has given it a great value in the market after it was worth only six cents, it rose to more than $ 1,000 and then fell to about $ 600, then went back up to $ 5,400 today; and the reason for the changes Big surprise is that it is not stable yet.
People get The Bitcoin Code in several ways, but the main method is the mining process. The process of extracting gold is similar to mining in mines either individually or in groups. In the process of mining the bitquin, the drilling tools are replaced by computers. The gold mine is replaced by a program to solve complex equations that carry the currency codes. Those who find the currency code become the currency of its currency. There are many people around the world who become obsessed with this currency and reserve full servers operating throughout the day to solve equations and extract the uncle Although this currency is hypothetical, some companies such as Titan House Coin are working to get this currency into reality in the form of coins with the same value and an 8-digit ID card, but this is losing its most important features: confidentiality, speed, low fees .
Bitcoin Code SCAM
Some consider the confidentiality of the currency and encryption is negative, this feature reflected some of the disadvantages in that it gives some easy to suspicious operations on the Internet, especially in the deep network and the best example is the site, “Silk Road,” which was dealing with drugs, but must bear in mind that this site was at the beginning The currency and closing it did not pose a significant risk to the currency but remains a problem.
There are doubts about the mining process. No one knows what equations the machine is solving. Some have questioned the existence of an organization that works in hiding to solve equations that may need hundreds of years in a short time from the way the equations are separated on servers. Is the character of “Satoshi Nakamoto” unknown, no one knows whether a man or a woman, or a group of people, and do not know how much of this character of the currency if a country hiding behind this figure and owns the largest share of it will cause the change of power centers on the map.
It should also be noted that not all economists and experts stand in the ranks of this currency, some have fears that it is just a bubble and will explode and economic crises with it.
In light of the economic inflation in the world due to the excessive printing of paper money, it has made the economic collapse a matter of time no more so this currency may be next to gold are the last resort to survive; so some Arab economists are advised to pay attention to this problem and processing it, Be in this currency, there is gold.
How To Buy Bitcoin online
There are 10 facts to buy digital currencies, according to experts, which is that there are more than 300 ways to buy the most important credit cards, prepayment, bank transfer, “PayPal” and “MoneyGram” and “Google Play” and any other payment method.
Purchases must be made in worldwide currencies that can be accepted worldwide such as US Dollar, Euro, Pound Sterling and so on. Purchase does not require payment of currency conversion commissions such as conversion from Dollar to Bitcoin Code and so on.
Purchases are made through platforms or websites. There are specialized sites for buying virtual currencies through specific currencies. For example, some sites accept currencies other than the US Dollar and some other international currencies.
Also, all the sites where the purchase of Bitcoin Code can be sold, and the price is determined according to supply and demand. As demand increases and people turn more dollars into this digital currency, their value increases.
The total size of the combined digital currency market exceeded more than $ 100 billion for the first time in the history of digital currencies, and the percentage of Bitcoin Code of this market about 45%, a low for previous years, indicating the rise of new currencies.
By registering at the buy and open positions, the investor finds offers from the digital currency campaign and can choose the price he wants within those offers. The average price of the currency offered for sale varies from one platform to another. Therefore, prices must be compared in more than one location before buying to choose the lowest price and vice versa. When selling.
Virtual currencies can be purchased from local merchants or from outside the country as desired by the investor and according to the offers of sale. After purchase, the purchased currencies will be stored in the Block Qin portfolio, and the comparison should be made in order to know the account protection system and the applicable rules and regulations as well as the commissions required.
Some virtual currency platforms impose a ban on dealing with certain nationalities for security purposes that comply with international banks and financial institutions.
The views of a number of economists varied from the phenomenon of the currency of Bitcoin Code, which has recently witnessed and is still a big controversy because of the large spread over the past years and the fluctuation of the exchange rate compared to cash and in kind corresponding to them, has been in recent periods speculative operations and piracy targeted shopping sites And electronic wallets for this currency.
Experts pointed out that there is a lack of information at the level of the Arab region in relation to the currency of Bitcoin Code Example, while warned the Central Bank of Jordan and Lebanon that the virtual currency is not a legal currency and there is no obligation to any central bank in the world or any government to exchange value for money issued The Central Bank of Jordan issued a circular to all the banks operating in the Kingdom, exchange companies, financial companies and payment services companies to ban dealing in virtual currencies, especially in the form of the consumer. However, the economic expert and founder of the Bitcoin Code Website Steve Mckay, explains that the reason for some governments to fight them which are not subject to the restrictions imposed by the authorities on the transfer of funds, pointing out that the global market for digital currency volume reached $ 8.5 billion.
The newspaper “The Wall Street Journal,” the United States, that the currency of virtual Bitcoin Code may see a sudden collapse that has implications for investors in the technology and financial sectors, The newspaper pointed out that the large investors dealing in the currency of Bitcoin Code, and Goldman Sachs himself intends “We need to start dealing with the currency,” explains US financial analyst.
He adds that financial companies that bet on the virtual currency in their business, who invested significant potential in the Bitcoin Code Login, may become the first to suffer those collateral damage, he says.
The Saudi Arabian Monetary Agency (SAMA) has warned against currency trading. Bitcoin Code Explained Capital, the head of financial research at Al-Rajhi Capital Saudi Arabia, said that electronic currencies, although they can be tracked and monitored by countries that recognize them, Toys and withdrawing hard currency, or withdrawing the dollar, from central banks.
He pointed to the quality of financial control standards in Saudi Arabia, stressing that the Fitch Financial Rating Agency puts Saudi Arabia and the Saudi Arabian Monetary Agency in fifth place in the world in terms of “strict financial control standards.” This is the best explanation that explains the Saudi Arabian Monetary Agency Trading in financial instruments that are not “clear in terms of their trading and value”.
The head of information technology at First Mobile Satellite and co-founder of TheBitcoinCode.com, Steve Mckay Bitcoin Code, explained that Bitcoin Code is a protocol network such as e-mail, not a company that has a physical representation, and while e-mail is used to transmit information, ” Bitcoin Code is a digital symbol, which some merchants accept to sell their products and services,” Steve Mckay Bitcoin Code said.
“Bitcoin Code Software is a commodity, determined by design, there will be no more than 21 million homes, and Bitcoin Code has a market value of around $ 6 billion,” Steve Mckay Bitcoin Code said.
While Dubai is known to be at the forefront of technology and innovation in the region, it is also a great regional center for the currency of Bitcoin Code Trading, and digital payment through e-government, especially as the cradle of people doing business. “We feel demand will grow to Beyond that in the next few months, “noting that” there are many meetings with more than one hundred members who have shown their enthusiasm for this technology. ”
Bitcoin Code Example
In this Bitcoin Code Example context, the sale and purchase of the currency of Bitcoin Code APP, using the stalls “Mango Go” or the so-called ATM machine “Bitcoin Code”
Currently, there is only one ATM machine in Dubai Media City for testing purposes only, checking the demand for this type of service, technical stability of virtual currency solutions, and obtaining all required permissions from legal authorities.
While there is no regulatory or legal framework for the currency of Bitcoin Code, Steve Mckay Bitcoin Code pointed out that contacts are under way in the EDB to share the knowledge of Umbrella and the benefits of this technology. And 40 years old, usually involved in technology innovation or entrepreneurship.
In response to some of the misconceptions associated with BitcoinCode, such as ease of money laundering or drug use, he explained that “Bitcoin Code provides the required transparency to the government and regulatory authorities. It gives the tracker the way the user gets The Bitcoin Code and how they spend these currencies, The best way to assist in the investigation of criminal activity. ”
According to Steve Mckay Bitcoin Code, the technology is a new technology, which means there is not enough infrastructure around it. Although there are no limits to Bitcoin Code financial payment, Steve Mckay Bitcoin Code pointed out that the ATM machine in Dubai, To limit the amount of thousands of dirhams per day, and ten thousand dirhams a month, to prevent money laundering, stressing that “these limits are temporary and will be revised according to the legal framework after the launch.”
“The virtual currency is based on the most reliable exchange platforms in the world,” Steve Mckay Bitcoin Code said. “But how can you protect your Bitcoin Code from piracy? Steve Mckay Bitcoin Code replied that Mango Goo booths are based on many high-level security standards to protect customers, and customers are notified with short messages on their personal phone.