Contents
- 1 Overview of FK Coin
- 2 Blockchain
- 3 Transactions
- 4 Can I easily convert my Bitcoin to cash?
- 5 How can I purchase FK coin?
- 6 How does Bitcoin make money?
- 7 How many Bitcoin are there? ?
- 8 How much is it worth?
- 9 Is Bitcoin money?
- 10 Is it easy to buy Bitcoin?
- 11 Ok, How much money should I invest in Bitcoin?
- 12 Ok, so Bitcoin is like gold?
- 13 Surely it’s too expensive now to buy?
- 14 What about these other (cheaper) coins?
- 15 What is its purpose?
- 16 What on earth is Bitcoin mining?
- 17 What the F**k is Bitcoin anyway?
- 18 What’s wrong with this listing?
- 19 When is the best time to buy?
- 20 Who owns Bitcoin?
- 21 Why is it Revolutionary?
- 22 History of FK Coin
Overview of FK Coin
디양한 식자재를 비롯한 각종 물품들을 간소화 된 중간 유통과정을 거처 저렴한 비용으로 고품질의 제품과 서비스를
제공합니다.
higher than yesterday.
Blockchain
With the FK Coin’s top-notch engineers from Samsung SDS Co., Ltd, Korea’s top company,FK Coin strive to provides customers with innovative and convenient services in diverse business areas such as finance, hotels, medical care and tourism, using blockchain’s distributed data storage technology.
Transactions
Can I easily convert my Bitcoin to cash?
Yes.Bitcoin is a very liquid asset.Dozens of exchanges worldwide offer bitcoin to fiat conversions at fair rates.For the withdrawal of fiat money from an exchange to a bank account a small fee is often charged.
How can I purchase FK coin?
The FK coin exchange platform provides you with free FK coin exchange services.
How does Bitcoin make money?
There is no company behind Bitcoin.Bitcoin itself is more like a synthetic commodity similar to gold.Asking the question of how Bitcoin is making money is just as nonsensical as asking how gold makes money.Bitcoin as a network functions and operates according to well-designed incentives.As such Bitcoin is metaphorically described as a living organism that pays people (aka miners) to keep it alive.Bitcoin truly is the first decentralized autonomous organization mimicking the functions and operations of a central bank.
How many Bitcoin are there? ?
Enshrined in the protocol itself is the definite number of 21 million bitcoin.As long as the entire community won’t agree to change this, there will only ever be 21 million bitcoin.So it’s a fact of life that Bitcoin’s supply cannot be inflated, no matter how big an effort one is expanding towards creating more.Although the Bitcoin supply is a hardcoded fact, each bitcoin is divisible into 100 million Satoshis or sats.This is the smallest unit within the Bitcoin system.
How much is it worth?
The value of an object is often determined by its scarcity.The rarer an object the more valuable it is.Bitcoin is the first scarce digital object, as there will never be more than 21 millions bitcoin.
Is Bitcoin money?
To answer this question, let’s first take a look at the characteristics of money.As a means of exchange and store of value, money unites the following characteristics: durability, portability, fungibility, scarcity, divisibility, and recognizability.Looking at bitcoin through this lense, one sees that it almost perfectly unites these six characteristics.Therefore, the answer to this question has to be ‘yes, bitcoin is money’.
Is it easy to buy Bitcoin?
Yes, it is very easy.All you need is a smartphone and a credit card.You can download popular apps like Kraken, Binance, Bitstamp or Coinbase, open an account and purchase bitcoin directly with your credit card.For larger transactions it is recommended to compare the fees on exchanges as they can differ significantly.After the purchase you should transfer your bitcoin from the exchange to a personal wallet, e.g.Trust wallet, Trezor or Ledger Nano for security reasons.
Ok, How much money should I invest in Bitcoin?
Some might say that you could treat Bitcoin like a savings account.Whatever money you don’t need for your daily living or other investments and want to save long-term, you could invest in bitcoin.
Ok, so Bitcoin is like gold?
Because of its mining capability, bitcoin is often compared to gold.Just as with gold, the production of new bitcoin exhibits what can be called rising marginal costs.The more any single party wants to mine, the more difficult mining becomes.So mining is an expense that cannot be forged (known as unforgeable costliness).With Bitcoin, computers are used to do the mining instead of real mining machines such as excavators, explosives and trucks.
Surely it’s too expensive now to buy?
With an asset increasing in value as fast as bitcoin, such a question is unavoidable.Looking at bitcoin’s price development one sees that there were several severe bubble phases with subsequently massive price drops, the best documented being in 2017/18 from a price of $20,000 US down to $3,300 US one year later.
What about these other (cheaper) coins?
The current crypto and blockchain movement is often compared with the dot-com boom in the late 1990s.When a new technology called the internet came to the market, thousands of new companies were founded, billions of dollars were invested and many investors barely understood what they were investing in.Therefore, a large number of investors lost big sums of money in a booming market, as they invested in projects doomed to fail, such as Pets.com, Beenz and Boo.com.Then there were others who truly shaped the world we live in today, such as Amazon and Google.
What is its purpose?
Bitcoin was created to provide for a new global settlement system that is wholly independent from today’s financial apparatus.It is a novel economic institution that is trust-minimizing.Because of its non-centralized setup, Bitcoin offers tamper-proof algorithmically predictable monetary policy that is verifiable at all times.Bitcoin’s asset can be self-sovereignly owned by a single individual because of its embedded independent property system.Users can send and receive any amount of value anytime to and from anyone anywhere.It’s a censorship-resistant network for global value transfer.By design, Bitcoin was created to respect human rights and be out of the reach of governments and national policies.Bitcoin is money of the people, by the people, for the people.
What on earth is Bitcoin mining?
This fixed supply of 21 million bitcoin needs to be created and distributed.For this to happen, bitcoin must be mined.Millions of computers spread around the world compete to solve cryptographic puzzles, in order to verify transactions that once verified will be added to the blockchain.Any miner that successfully solves the puzzle first in this global competition, is being rewarded with some additional bitcoin (called the block reward).Currently the mining reward is 6.25 bitcoin.This rate of newly created bitcoin happening approximately every ten minutes is cut in half every 4 years.While we started at 50 bitcoin every ten minutes, the rate was cut to 25, then to 12.5, having reached 6.25 by now.It’s estimated that by the year 2140, every single bitcoin will be mined.As of March 2021 – little more than 18.6 million bitcoin are already in circulation, leaving about 2.4 million coins available to be mined.
What the F**k is Bitcoin anyway?
Bitcoin is a decentralized internet protocol giving rise to a peer-to-peer monetary network that includes its own asset.Bitcoin (with an uppercase letter B) refers to the protocol, software, and network, while bitcoin (with a lowercase b) is used to describe the native monetary asset itself.
What’s wrong with this listing?
The first thing you should do is contact the seller directly.
When is the best time to buy?
Bitcoin has been tested and proven for more than 10 years now and is accepted as a new form of money in most jurisdictions.Looking at the s2f/s2fx models and the therein contained price predictions helps investors to understand what long-term cycle bitcoin is currently in and what inherent price potential Bitcoin still has in the future should these models prove accurate.
Who owns Bitcoin?
Because Bitcoin is composed of a loose and decentralized community, it is owned by everybody and nobody at the same time.Just like nobody owns the email technology, no one owns the Bitcoin network but everyone can use it.There is no CEO, no sales force, no marketing department, no emergency hotline.
Why is it Revolutionary?
Bitcoin has solved the double-spend problem (aka Byzantine generals problem) without relying on any third-party.This has made digital scarcity, possible, a thing unachieved prior to Bitcoin.But bitcoin is not only absolutely scarce, it is completely divorced from any governmental entity.As such Bitcoin embodies the separation of money and state.It’s a non-governmental, spontaneously emerging blending of digital gold as well as the digital dollar.Bitcoin is digital (that is, informational) scarcity, the first of its kind, while maintaining the quasi-instant portability of email with no trust, just verification.Unlike every other tool for sending money over the internet, Bitcoin works without the need to trust a middleman, a bank, a broker.The lack of any company in-between means that Bitcoin is the world’s first neutral digital payments infrastructure, available to all and not owned by any single entity.This represents a major breakthrough, when it comes to technology as well as money itself.