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