Bitcoin is a cryptocurrency and also called as a worldwide currency. It was introduced by an unknown person or group of people under the name Satoshi Nakamoto and released on 3 January 2009. It is an online currency you can store it in your online wallet. Nowadays it has a great value any many places accept bitcoin. The price of bitcoin is not exact it change every day like other currencies like the dollar, euro etc. It is not a permanent currency. There are 2.9 to 5.8 million unique users using a cryptocurrency wallet and most of them are using bitcoin.
Price
The price of bitcoins has gone through various cycles of appreciation and depreciation referred to by some as bubbles and busts. In 2011, the value of one bitcoin rapidly rose from about US$0.30 to US$32 before returning to US$2. In the latter half of 2012 and during the 2012–13 Cypriot financial crisis, the bitcoin price began to rise, reaching a high of US$266 on 10 April 2013.
On 29 November 2013, the cost of one bitcoin rose to a peak of US$1,242. In 2014, the price fell sharply. In 2017 the price rose very high.
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| Bitcoin Price History Chart |
Mining
Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.
Investment
If you want my opinion to invest in bitcoin then you can invest because it is very safe and the best place to invest. If you have much money to invest without any problem in your economic status then you should invest because the value of bitcoin is not exactly every day you have to wait for a month or year. It will be very profitable for you in future.
Trading
Trading of bitcoin is very profitable if you have a lot of knowledge in marketing, investment, digital marketing then you can earn a lot of profit from this trade. It will become more profitable in future because digital marketing is getting easier at this time.
FAQs
- Is bitcoin legal = Yes, it is 100% legal and assured by the government.
- Is bitcoin safe = Yes, it is safe.
- How much money we should invest in bitcoin = As much you can how much your economic status allow.
- How to get bitcoin = There are many sources but carefully you can google it.
- Can we gain profit in bitcoin trading = Yes, if you have a great knowledge about digital marketing.
Conclusion
Bitcoin is very safe and profitable investment for you. You can invest as much your economic status allow you to invest. Try to trade with it if you have a great knowledge about digital marketing. The price of bitcoin is not same forever it changes every day. But it is also a risk. So, invest as much your status allows you.
Hope you like this.
Stay Tuned.
Stay Tuned.
Source - Wikipedia
42 Comments
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