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Thursday, September 16, 2021

Is Bitcoin a Good Investment?

Bitcoin is the future of investment. Let us ponder over some points to see whether Bitcoin is a good investment or not.

What is Bitcoin?

Bitcoin is a decentralized, digital currency. There is no authority or institution that controls it. It is a cryptocurrency that subsequently uses cryptography to control its creation and management.

How does Bitcoin work?

The complete Bitcoin network relies on the blockchain, which is a shared public ledger. Moreover, all confirmed transactions are included in the blockchain.

Watch the video to know more –

Value of a Bitcoin

The market, i.e. the people determine the value of a bitcoin or the bitcoin price.

Bitcoin Mining

Of the total 21 million bitcoins available for mining, about 12-14 million have already been mined. The Bitcoin mining industry has grown at a rapid pace. But it is no longer a profitable investment for new Bitcoin users.

Related Article: Is Gold Still a Good Investment?

Hence, proper research on Bitcoins is necessary before one starts investing in it. Do not take the above information as investment advice.

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Aurora Chowdhury
Aurora Chowdhury is a Business Psychology Graduate from Kingston University, London. She has expertise in domains like Business Psychology, Management, Strategic Management, and Business Strategy. She has a growth mindset and strongly believes in perseverance. She regularly writes for various websites and also conducts counselling sessions.

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