If you’ve been here, you’ve heard of Bitcoin. This has been one of the most common headlines in the last few years - the rapid enrichment scheme, the end of finance, the emergence of a truly international currency, the end of the world or as an advanced technology. world. But what is Bitcoin?
How did Bitcoin get Started?
The concept of Bitcoin and cryptocurrency in general was started in 2009 by Satoshi, an unknown researcher. The reason for his invention was to solve the problem of centralization in the use of money, which depends on banks and computers, a problem that did not satisfy many computer scientists. Decentralization has had no success since the late 90s, so when Satoshi published his article in 2008, it found a solution that was very well received. Today, Bitcoin has become a popular currency for internet users, and thousands of “altcoins” (non-Bitcoin cryptocurrencies) have emerged.
How is Bitcoin Produced?
Bitcoin is done through a process called mining. Just as paper money is printed and gold is mined from the ground, Bitcoin is also created by “mining”. Mining involves solving complex mathematical problems related to blocks using computers and adding them to the state register. When it was first launched, it was just what a normal processor (like your PC) needed to work, but the level of difficulty has increased dramatically and now you will need special hardware, including processor blocks. High-end graphics (GPU) for Bitcoin mining.
How to Invest?
First, you need to open an account on the trading platform and create a portfolio; You can find some examples by searching for “bitcoin trading platform” on Google - they usually have names that mean coin or market. Once you join one of these platforms, you click on assets, then crypto, to select the currencies you want. Each platform has a lot of indicators that are very important and you need to make sure you follow them before you invest.
Just Buy and Save
While mining is the safest and easiest way to find Bitcoin in any way, there is a lot of hype and the price of electricity and specialized computer equipment makes it unaffordable for most of us. To avoid all of this, for your convenience, enter the amount you want directly from your bank and click the buy button, then sit down and invest when the price changes.
If you are familiar with stocks, bonds, or Forex trading, you will easily understand crypto trading. There are Bitcoin brokers like e-social trading of your choice, FXTM Markets.com and many more. Platforms offer you Bitcoin-fiat or fiat-Bitcoin currency pairs, for example, BTC-USD means exchanging Bitcoins for US dollars. Pay attention to price changes to find the perfect pair based on price changes; the platforms offer prices, among other indicators, to give you relevant sales advice.
Bitcoin as Shares
There are also organizations set up to allow companies that invest in Bitcoin with the help of Bitcoin Escrow to buy shares - these companies trade and you simply invest in them and wait for your monthly profit. These companies are simply collecting digital money from various investors and investing on their behalf.
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