What is Bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.So , basically we can say that bitcoin is a virtual money that doesn’t have any physical existence.We have to manipulate it digitally.
So , this was a brief intro to Bitcoin.Now , We ll see is bitcoin business or dealing with bitcoin is safe or it is dangerous.We ll see both positive sides and negative sides of bitcoin.So , Here we start.
To know anything about the bitcoin you should know how bitcoin is working or working mechanism of bitcoin.
Bitcoins are completely virtual coins designed to be self-contained for their value, with no need for banks to move and store the money.
Once you own your bitcoins, they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years. Bitcoins are traded from one personal ‘wallet’ to another.
You can also read basic steps to own your bitcoins if you want to at here.
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