Introduction to Bitcoins
A 2008 whitepaper written by the pseudonymous Satoshi Nakamoto introduced the concept of bitcoin, and the design principle behind bitcoin is:
“A purely peer-to-peer version of electronic cash [which] would allow online payments to be sent directly from one party to another without going through a financial institution.”
So, there is the concept of electronic cash: cash being a bearer asset, like the cash in your pocket which you can spend at will without asking permission from a third party.
Bitcoin allows individuals the freedom to make payments to different merchants or other individuals without involving any third-party. The transactions are validated by a system utilizing the blockchain.
The blockchain is nothing but a public ledger for recording and publicly displaying every Bitcoin transaction carried out in the system. Blocks are the permanent records of the recently executed transactions. These recorded data blocks keep accumulating to build the blockchain containing all the records since the very first transaction using Bitcoin.
By the end of 2016, more than 700 digital currencies were introduced and co-existed, some doing better than others. Bearing that in mind, it came as no surprise that during 2017 the total trading volume of the digital currency market has reached $98,352,688,563. This phenomenal sum is even more astonishing when considering the simple fact that this market started only 8 years before. A big advantage of digital currencies is that they are not tied to a specific country or bank, therefore allowing them to be liquid not only during traditional trading hours, but also throughout weekend and holidays, allowing people to trade on them 24/7*. With all these special characteristics of this unique market, it is important to understand the reason for the shifts that occur on a regular basis in the market. Looking at the forex market, EURUSD in specific for example, it is so large that a position of $100,000,000 for example, is relatively small in this humongous market and therefore its affect would not be on a large scale. The digital currency market, on the other hand, being significantly smaller, would be greatly affected by a deal of that scale. Therefore, among other factors, this market is not only highly volatile but also experiencing drastic trends.
Our cumulative decades of trading and cryptocurrency experience have informed our view of profitable crypto-investments. We bought into bitcoin, the first cryptocurrecy, back in 2010 and have not looked back since. Bitcoin and cryptos in general have been the mainstay of our financial freedom. We take pride in our client portfolios as we do our own and have a history of using cryptocurrency volatility to generate consistent profits over several years.
We have developed automated trading software which generates a consistent profit while at the same time using algorithmic based technical analysis to produce high yield long term profits from a large variety of cryptocurrencies including bitcoin, Ethereum, Litecoin and the rest of the profit producing bunch.
Seriescoin offers our members a variety of tools to generate profits with Bitcoin and Cryptocurrencies from self-trading with all the technical analysis tools onboard, Pamm accounts that generate a consistent profit and crypto portfolio management that is unparalleled. Seriescoin offer self-trading, Pamm Accounts, and Crypto portfolio management.