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1  Bitcoin / Bitcoin Discussion / Bitcoin Introduction Episode 1 on: January 27, 2022, 05:54:22 PM
₿ Bitcoin

Bitcoin(₿) is the world's first open-source cryptocurrency known as the decentralized digital currency. There is no need for any kind of financial institution or clearing house for transactions and it is not a currency issued by the government of any country.
In 2009, a man named Satoshi Nakamoto, or a group of pseudonyms, introduced the so-called peer-to-peer system.

Bitcoin transactions are transacted directly from the sender to the recipient's computer online.This open and distributed ledger is called a blockchain. Bitcoin is produced through mining where transactions are recorded and verified based on the processing power of the computer. The total amount of bitcoins that will be generated from the transaction decreases every four years. Thus, a total of 210,000.000 bitcoins will be created by 2140 and no new bitcoins will be created later.

Bitcoin does not require a financial institution to complete the transaction, and details of the recipient and sender's actual credentials of the transaction cannot be followed. Bitcoin is becoming increasingly popular in more than one country.Bitcoin is currently used as a digital currency, product or service. Bitcoin is also used for drug trafficking and money laundering in addition to legal goods transactions. Although Bitcoin has gained popularity as a digital currency, it has been criticized by many for its sharp fluctuations against various international currencies, its scarcity, and its limited use in business.

Bitcoin's first ATM machine was recently launched in Vancouver, Canada.The United States and the Canadian government are considering registering Bitcoin customers to prevent drug trafficking, illegal arms trade and other illegal uses.How to secure Bitcoin Goes: Hackers and scrammers will always try to hijack bitcoin so it should be protected first. If you are interested in investing in Bitcoin and want to buy some amount of Bitcoin then it is best to use Bitcoin Wallet. Here are two wallets. i) Ledger nano s: - This is a bitcoin security company that offers lots of secure bitcoin storage devices. It is currently considered the most secure wallet. ii) Trezor: - Treasure is a hardware wallet. It provides Bitcoin's private key offline. Since all Bitcoin transactions are done through the internet, it is very important.What to invest in bitcoin mining: Bitcoin mining industry is currently moving very fast. Earlier this mining work could be done through home computer but now specialized data center is being used. These data centers are a warehouse with lots of computers just to find bitcoin. Currently, it takes crores of rupees to start bitcoin mining in a profitable state. And there is no guarantee that the investment will return.

How much do you know about Bitcoin?
2  Economy / Trading Discussion / What are the things to consider when trading cryptocurrency and how to make a pr on: January 06, 2022, 05:44:17 PM
We know that cryptocurrency is electronic currency. Unlike paper currency, the value of this currency is not fixed. The price of cryptocurrency fluctuates constantly. A basically fluctuates like a stock index. So if one wants to invest in cryptocurrency, there are a few things to keep in mind. In the meantime, investors need to keep an eye on how popular the currency they want to invest in is. Since the prices of cryptocurrencies are not always the same, the price of coins often falls sharply.The investor should not be disappointed, he should wait a few more days to benefit from the investment. The amount of cryptocurrency coins and tokens is gaining popularity day by day,It is said that in a very short time cryptocurrency will spread worldwide and the market for cryptocurrency will expand rapidly.
What do you think about this?
3  Economy / Trading Discussion / Comparison of Bitcoin price fluctuations with other coins. on: January 05, 2022, 05:24:41 PM
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
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