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What is Bitcoin and how does it work?
Definition: Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries.
Bitcoin is better bid at press time and could maintain its recent upward trajectory despite a long-term bearish indicator making its first appearance in 19 months.
What is Bitcoin in a nutshell
Small wonder that Bitcoin emerged in 2008 just after Occupy Wall Street accused big banks of misusing borrowers’ money, duping clients, rigging the system, and charging boggling fees. Bitcoin pioneers wanted to put the seller in charge, eliminate the middleman, cancel interest fees, and make transactions transparent, to hack corruption and cut fees.
They created a decentralized system, where you could control your funds and know what was going on.
The top cryptocurrency rose to a two-month high of $8,580 during Tuesday's Asian trading hours and is currently trading at $8,480 indicating a 4.8 percent rise on a 24-hour basis, according to CoinDesk's Bitcoin Price Index.Bitcoin is now up by more than 30 percent from the low of $6,425 reached in December 2019.
સ્વચ્છ ભારત અભિયાન તમારો ફોટો અપલોડ કરીને ઉપર મુજબનું સર્ટિફિકેટ ડાઉનલોડ કરવા માટે અહીં ક્લિક કરો
સ્વચ્છ ભારત અભિયાન વેબસાઈટ
While the cryptocurrency is showing signs of life following the gloomy second half of 2019, a widely tracked technical indicator is about to flash a bearish signal.
The 50-candle average on the three-day chart is trending south and looks set to cross below the 100-candle average in the next few days. That would be the first bearish crossover of the two averages since June 2018.
However, moving averages are based on historical data and tend to lag prices. To put it another way, crossovers are the result of the price action that has already happened and have limited predictive powers.
◾SVACHCHHATA GRANT FERFAR BABAT MAHTVAPURN PARIPATRA DATE: 10-1-2020
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