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How the making money with bitcoins happen in theory

How the making money with bitcoins happen in theory

1. The trade with bitcoins is similar to the normal trade with currencies

The idea of making money by selling and buying the currency is very interesting. The method is simple, and the operators would need only compare the courses of the currency, and buy some currency from the international marketing.

Then that person must find the currency, where is able to get a better price, and then sell that currency. If the man is making that thing, there would be problems with the data, what must follow all the time. But there is an answer to every problem with this kind of things, and the answer is the algorithm.

2. Algorithms can revolutionize this kind of trade

When we are thinking about artificial intelligence, that thing would ever get tired. And it would find every change in the courses of currency, and when we are thinking about artificial currencies like bitcoins and other things, what is operating on the internet.

We must understand that those things are only the same kind of currency, what the normal person would handle in every day. The bitcoins and other things are able to buy and sell as the customer wants, and this makes possible to use them as the normal currency.

3. Something has been forgotten

Bitcoins are the common name for each virtual currencies, and this makes very attractive to use them for avoiding taxes. That means that the price of the jobs can also be paid by using Bitcoins.

Sometimes people are worried that those currencies can be used in the illegal narcotics and another kind of trade, which must not be shown to the public eye. And in those cases, the bitcoins are of course an effective tool for that thing, where the origin of the money wanted to hide.

3.1 The purpose of Bitcoins has been good, but if somebody misuses them, that can cause big profits to criminals.

Bitcoins are created for supporting international trade, and the mission of those virtual currencies is that the banks or private persons can transfer money over the borders without bureaucracy. That means that those persons can save a certain sum of bitcoins in the account, and then travel to another country.

If there is an office, what accepts those bitcoins, they will buy those things. And the idea is similar to traveler's cheques, but the operation with that thing is easier if there is firm, what will buy and sell those currencies. When the customer wants to put the money to the bitcoin account, that person buys those things, and when that person would want to draw out that currency, the operator just buys those things back.

4. People who are breaking the law have own rules, and if they will catch about avoiding taxes or some other criminal activities, there are very bad problems ahead.

And the persons, who want to avoid taxes can make own version of the Bitcoins if they want. In this version, the virtual currencies are used as the money storage, where it is easy to transform back to cash. That means that they can send the Bitcoin, what might be some photographs of the gambling mark or playing card. Then the other part of the deal would send the sums to the group of bank accounts because the Bitcoin might have value.

The ace in the playing card might mean millions, and maybe number five means 5000. And that is the illegal or unofficial version of the virtual currency. This kind of versions is really interesting versions of the virtual currencies.

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