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Economics of Cryptocurrency Transactions: The micro-structure transaction process underlying cryptocurrency transactions, mainly the Bitcoin. Blockchain Technology (BCT) Made Simpler for Cryptocurrency Traders. Visit our site: www.platinumtradinginstitute.com/
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CRYPTOCURRENCY Economics of Cryptocurrency Transactions: BCT Made Simpler for Cryptocurrency Traders
Introduction • Since its groundbreaking introduction by Satoshi Nakamoto in a paper entitled: ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ on October 31, 2008, the term Bitcoin has nearly become a household name. In the ensuing nine years, this Cryptocurrency Transactions has maintained nearly an upward trajectory – culminating in its price reaching $19,783.21 – a week before Christmas 2017.
Evidently, an ‘idea,’ resulting in such spectacular monetized returns merits a closer look from the cryptocurrency traders in order to gain its better understanding of profits. Thus, at Platinum Trading Institute (PTI), in addition to providing Crypto and FX trading education, we have also embarked on a journey to provide Blockchain education and training. • Thus, a prime objective of this five-part white paper is to dissect the Bitcoin myth, though more importantly, it is to simplify the understanding of the underlying BCT. • In addition, an attendant objective is to draw the traders’ attention to several other investment opportunities in BCT technology, and ALTCOINS that yield equally spectacular returns.
This series is organized so a newcomer to Cryptocurrency Trading (CCT) can gain an enhanced understanding of the Bitcoin myth – what drives its price, and acquire an appreciation for the underlying disruptive BCT technology. • The discussion will be carried out in five parts: • Bitcoin Myth and BCT, (Article Dated: 02/13/2018). • Inner Workings of Blockchain Technology (BCT), (02/15/2018) • Economics of Cryptocurrency Transactions (Topic of the Current Article) • Current Applications of BCT, and What Lies Ahead, • How Can a Cryptocurrency Trader Leverage Knowledge of BCT,
Economics of Cryptocurrency Transactions: • This section will cover the impacts of the following factors on Cryptocurrency transactions. • Energy Costs, and fees, • Local and/or Global economies, and • Socio-economic factors.
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