Do you know What is Bitcoin ?

  

Do you know What is Bitcoin ?

Bitcoin :- Bitcoin Is a virtual currency use to transfer money from one person to another person. Bitcoin is safest way to transfer money you can transfer money anonymously with the help of Bitcoin. Bitcoin provide you extra privacy then other currency. 

Bitcoin is a form of digital currency that is used for secure online transactions. Bitcoin is the first and most famous cryptocurrency. Cryptocurrencies are a type of digital currency that ensures secure online transactions using cryptography. Unlike physical cards such as credit cards or debit cards, bitcoins do not have a physical form. These are mainly series in the form of 0's and 1's which are stored on computers all over the world.

There is controversy and different ideologies among people regarding bitcoin. Despite this, big companies like Microsoft, Twitter, Starbucks etc. have accepted bitcoin as a legal transaction currency.

Bitcoin is not like solid money that you can touch it, it was virtual you can't touch the bitcoin.

Who found this bitcoin ? And what are the reason of making this type currency ?

Bitcoin was founded by Satoshi Nakamoto . He known as father of Bitcoin , Satoshi Nakamoto

make this virtual currency in 2008 and he launched bitcoin in 2009 you don't believe the price of Bitcoin in 2009 is only $1 😅 .

And now in 2021 Bitcoin price was 1 Btc = $39500

If anyone who buy Bitcoin in 2009 in price  of 1$ then that guy was billionaire now  

How to earn from bitcoin?

As we know that the basic mantra of investing is patience. The more patience you have, the more your chances of getting a good reward increase. Those who bought bitcoin a few years ago and are sitting on it till date, then they have benefited a lot.

If you want to make money in less time than this, then you can also trade in it like stock market. Apart from this, you can also get interest on bitcoin by lending it to other people. Apart from this, if you are an expert in this field, then you can also make money by teaching other people about it.

Withdrawing profit of bitcoin -

If you are getting positive return on your purchased bitcoins and you want to withdraw them then its process is very easy. You have to go to your nearest crypto exchange and there you can get the profit in the form of physical currency.

Since the entire system is decentralized, the facility of direct transfer of returns or profits to the bank account is not available. Due to decentralization, the process becomes very transparent and apart from this, till now there has not been any kind of government statutory law on it.

But that doesn't mean you can't sell or use bitcoins. You can sell them on the bitcoin exchange and with the help of them, you can also shop on many e-commerce platforms.

Risks in bitcoin investing

The biggest risk about it is that its price fluctuates a lot in a very short time. Even if any kind of hacking or fraud case comes to the fore related to them, there is a possibility of their price coming down drastically. Apart from this, due to their lack of physical existence, they can also be stolen from your system. Even when trading in bitcoins, there is a risk of falling into the trap of fake or illegal bitcoin exchanges.