Kamara
- Dec 15, 2021
- 3 min read

Bitcoin

Updated: Dec 15, 2021

In this story, you will read the most facts about Bitcoin. Such as definition, history, value, advantages, disadvantages, how to create it and how to make money with it.

Rich man and his car

Rich man and his car

Today 1 Bitcoin = USD $48,447.90

Bitcoin value

Bitcoin Transaction and transfer

When you transfer crypto currency funds, the transactions are recorded in a public ledger. Crypto currency is stored in digital wallets. Crypto currency received its name because it uses encryption to verify transactions.

Bitcoin Transaction and transfer

Bitcoin Transaction and transfer

The history of bitcoin

The “Bitcoin” was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The crypto currency began use in 2009 when its implementation was released as open-source software.

1 bitcoin was equal to $1 in the beginning

Today 1 Bitcoin = USD $48,447.90

How to create bitcoins

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

Bitcoin Criticizing

Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity used by mining, price volatility, and thefts from exchanges.

Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin

Is bitcoin a legal currency?

Even now, no country or government has approved bitcoin as a legal currency. However, in September 2021, El Salvador officially adopted Bitcoin as legal tender, becoming the first nation to do so.

Bitcoin definition

The word bitcoin was defined in a white paper published on 31 October 2008. It is a compound of the words bit and coin.

No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the

technology and network and bitcoin, lowercase, for the unit of account

How to make money with Bitcoin

In fact, bitcoin trading is the easy way to become rich in one day.

As the exchange rate of bitcoin is unstable. There are chances to make huge money with bitcoins. It is possible to turn $10,000 to $1000, 000. You could also lose $900,000 out of $1000, 000 if the exchange rate fell down suddenly. You need to be smart and intelligent in bitcoins trading.

Rich man

This is a great opportunity to make a huge money fast and become rich.

For instance, if the bitcoin price dropped down from $50,000 to $1,000, buy 10 stocks with $50,000. When it jumped from $1,000 to $50,000 again, sell all your stock to earn $500,000 in one day.

This is the easy way that bitcoin can make you rich easily.

There are two ways to make money in bitcoin:

1. Bitcoin Trading.

2. Bitcoin Mining

Both of these methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable one day it can be worth 10,000$ and the next day it may drop to 100$.

Bitcoin Trading.

Bitcoin Trading essentially means, buying bitcoin for real money and hoping that its price will go up and selling it when it has gone up. If the price increased, you could turn $10,000 to $100,000 or more. On the other hand, if the price dropped down, you could lose all of your money or most of your money.

This approach is very risky and you may end up losing money rather than making any profit

You can trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, yes there are thousands of them)

Bitcoin Mining

Bitcoin Mining hardware is super expensive and mining requires lots of electricity, also mining difficulty is getting higher every day so you won't be able to get some profits without high initial investment

Bitcoin Mining hardware

Bitcoin trading and mining are two good ways to make money if you are smart and know what you are doing.

If you want to discover how to make huge money with bitcoin Visit here

Bitcoin

In this story, you will read the most facts about Bitcoin. Such as definition, history, value, advantages, disadvantages, how to create it and how to make money with it.

Bitcoin is a Crypto digital currency without any central bank or single administrator. That means, it is the only free currency in the world that cannot be controlled by anyone.

Basically, Bitcoin is a virtual currency and can be bought online using real money.

Nowadays, bitcoin is the most powerful currency in the world. However, its value is not stable. It suddenly increases or decreases. The value of 1 Bitcoin could jump from USD$ 1000 to USD $50,000. It could also suddenly Drop down from USD $50,000 to USD $1000.

Today 1 Bitcoin = USD $48,447.90

Bitcoin is one of the crypto currencies. Cryptocurrencies are digital payment systems that don't rely on any banks to verify transactions. ...

Bitcoin Transaction and transfer

The “Bitcoin” was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The crypto currency began use in 2009 when its implementation was released as open-source software.

1 bitcoin was equal to $1 in the beginning

Today 1 Bitcoin = USD $48,447.90

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity used by mining, price volatility, and thefts from exchanges.

Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin

Even now, no country or government has approved bitcoin as a legal currency. However, in September 2021, El Salvador officially adopted Bitcoin as legal tender, becoming the first nation to do so.

The word bitcoin was defined in a white paper published on 31 October 2008. It is a compound of the words bit and coin.

No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the

technology and network and bitcoin, lowercase, for the unit of account

In fact, bitcoin trading is the easy way to become rich in one day.

As the exchange rate of bitcoin is unstable. There are chances to make huge money with bitcoins. It is possible to turn $10,000 to $1000, 000. You could also lose $900,000 out of $1000, 000 if the exchange rate fell down suddenly. You need to be smart and intelligent in bitcoins trading.

Rich man

This is a great opportunity to make a huge money fast and become rich.

For instance, if the bitcoin price dropped down from $50,000 to $1,000, buy 10 stocks with $50,000. When it jumped from $1,000 to $50,000 again, sell all your stock to earn $500,000 in one day.

This is the easy way that bitcoin can make you rich easily.

There are two ways to make money in bitcoin:

Both of these methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable one day it can be worth 10,000$ and the next day it may drop to 100$.

This approach is very risky and you may end up losing money rather than making any profit

You can trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, yes there are thousands of them)

Bitcoin Mining

Bitcoin Mining hardware is super expensive and mining requires lots of electricity, also mining difficulty is getting higher every day so you won't be able to get some profits without high initial investment

Bitcoin trading and mining are two good ways to make money if you are smart and know what you are doing.

If you want to discover how to make huge money with bitcoin Visit here