Bitcoin and other money tricks and tips A to Z guide.

I am going to try to make it as simple as possible. There are two guys, Hulk & Batman. Batman wants to transfer 1,000 rupees to Hulk. So, Batman goes to his bank in Gotham and transfers 1,000 rupees to Hulk’s bank account in Ohio. Now, the bank cashier will make a note of the transaction, either in a cash register or an online data sheet. He will give it a transaction number, and also note down the name of the two parties involved. Understand the fact that whenever you transfer money, the bank is the third party which gets involved to note down the credentials of the transaction. What if there was no bank required to make a transaction? So, when Batman transfers money to Hulk through Bitcoins, all the information related to it is handled by a blockchain. A block chain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. It is a continuously growing list of records, which has the time sta...

Is Bitcoin real or fake? Bitcoin is here to stay, but to answer you question,  we have to look at what Bitcoin has now become . Initially it was seen as a method for lowering the costs and barriers of transactions between people. However, as the price of Bitcoin has risen (along with its transaction fees), it has moved more towards being seen as a store of value. Bitcoin is a financial asset. As with assets like gold, or even the US Dollar, what will define Bitcoin as being ‘real’ will be the perception people have of its value. Gold is metal, aside from use in jewellery or electronics, its use as an asset is minimal. But as with Bitcoin having a finite number of coins, the scarcity attached to the supply of Gold results in it being seen as valuable. Some factors that could diminish Bitcoin’s perception as a store of value are: Regulation  can’t stop Bitcoin, but it can stop liquidity entering Bitcoin. If large scale institutional money is restricted from enteri...