What actually Bitcoin is and how it functions around the globe?
Here you will also come to know what things are to be consider at the earlier stage inorder to purchase and sell Bitcoin. And for more insights you can go through the presentation.
4. • Divisible
• Durable
• Recognizable
• Accepted as a payment
• Portability
• Scarce
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Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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5. • Global citizen-US$6trillion
exchange a day
• Don’t forget the Transaction
cost!
• It’s My money-To use it I need
Third party permission!
• Hyperinflation-(55 Cases)
• 21Million Bitcoins-Is it
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Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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8. Why the world is going gaga over
bitcoins ?
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Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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9. it is decentralized, deregulated &
It fluctuates…..
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Petroleum(SPM-PDPU)'16
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10. It is more like an investment !!
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11. Top 4 trading geographies
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12. • Where do bitcoins come from?? With paper money, a
government decides when to print and distribute money, but
bitcoin doesn't have a central government.
• So in order to own a bitcoin you can either purchase it with any
local currency or you can mine it with the help of certain
mining softwares.
• But what is Mining of bitcoin??
• It is a process with which u can obtain bitcoins just by solving
mathematical problems.
• Bitcoin mining is the process of adding transaction records to
Bitcoin's public ledger of past transactions or blockchain.
Bitcoin Mining
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Petroleum(SPM-PDPU)'16
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18. But how to use it?
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Petroleum(SPM-PDPU)'16
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19. Bit Coin Wallet (You Can choose anyone…)
Bitcoin Core
Bitcoin Knots
Bit Go
Green Address
CoinomiCoin.Space
CopayAir Bitz
MyceliumSimple Bitcoin Armory
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Petroleum(SPM-PDPU)'16
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20. If you really wish….
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Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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21. Something you need to know….
• Securing your wallet (Most Important thing which is to
be considered)
• Price is volatile……
• Payments are irreversible
• Bitcoin is still experimental
• Government taxes and regulations
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Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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23. Something you need to know….
• Securing your wallet (Most Important thing which is to
be considered)
• Price is volatile……
• Payments are irreversible
• Bitcoin is still experimental
• Government taxes and regulations
11/18/2016
Saurabh Agarwal- School of
Petroleum(SPM-PDPU)'16
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24. How can I purchase a lot without any worry?
Woeee..
BITCOINNNN
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Petroleum(SPM-PDPU)'16
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