What is bitcoin/ cryptocurrency?

beautiful Bitcoin pic

what is bitcoin?

Bitcoin is the worlds first CryptoCurrency/ Digital Currency. It can’t be seen or touched by any person. The first decentralized currency in the world.It is also named the future currency of the world. It was created in 2009 by a software developer Satoshi Nakamoto and his aim was to do the digital transaction without any third party like the bank or a middle agency.

Bitcoin photo
Bitcoin photo

In 2009 the BTC Price was only a few Dollars but now the Price of Bitcoin is touching the sky, the present Bitcoin price is $4,226.31. And every month the price of Bitcoin is raising.

The BTC mining is still going on and in the year 2140 BTC mining will ends. 16 Millions BTC in existence and the total available will be  21 Million.

 Therefore, there are 5 million BTC still to be mined from now until around 2140. And every day only 12.5 BTC is mined in the whole world.

How Do You Get A Bitcoin?

For purchasing BTC You need to create a Bitcoin Wallet. There are a lot of wallets available on the market.  I will suggest you open an account with the reputed company. Here is some BTC wallet company and you can sign up:- blockchain-click here. Unocoin, Zebpay, Just sign up and fill your details to register.

The BTC company will take up to 2 to 3 days to approve your registration after that you have to add your bank details to your wallet, and after that, you can buy and sell your Bitcoin.

Is it safe to purchase Bitcoin Now?

In the market, there are a lot of digital/electronic coins but BTC is the mother of all coin, and nowadays people are loving to do the transaction with BTC, that’s why the BTC price is raising every day/month. So I’ll say it is 100% safe to buy or sell.

millions of people are purchasing and holding BTC to their account until the price of BTC  goes up, and after that, they are selling in profit. So you can do a profitable business with Bitcoin.

Anyone can transfer BTC to anyone in this world within few seconds and there is a small amount of processing fees comparison to third parties like bank agencies.

Is Bitcoin Illegal?

Only in some country like  Bangladesh, Bolivia, Ecuador & Kyrgyzstan BTC is banned because the government of the countries believes in real currencies.

They don’t believe that this coin is worth the money. But now most of the countries like USA, Canada, Japan, China, India, etc are purchasing BTC.

Merits of Bitcoin:-

Bitcoin photo
Bitcoin photo

Now it is easier than anything to transfer fund to any countries or to any person who is living anywhere in the World. With one click tons of money can send or received in 24 hours with very low network processing fees.

It made international shopping and trading easier, Many countries are having BTC ATM nowadays.  So in future, there will be coming a lot of other digital coins in the market. Some of the coin already came to market and ALT coin, Ethereum coin, Dogecoin, Lite coin, etc. But always BTC will be in the top of every coin. Check out all prices here https://coinmarketcap.com/all/views/all/

Demerits of Bitcoin:-

Bitcoin photo
Bitcoin Mafia photos

Nowadays most of the people in the world are doing the transaction through cryptocurrency, and also there are a lot of people who are using BTC for Smuggling.

In old days people used to keep money with them to do smuggling. But now with some clicks, people are making millions dollar transaction.

In most of the countries, BTC is ruling over the banks. People don’t love to keep their wealth in the bank. keep living and keep learning tech.

4 Comments

  1. Great post. I was checking constantly this blog and I am impressed!
    Extremely useful information specially the last part 🙂 I care
    for such information much. I was looking for this particular
    info for a very long time. Thank you and good luck.

  2. I am not sure where you’re getting your info, buut good topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for magnificent information I was looiking forr
    this information for my mission.

    • hai thanks for reading my articles. I have been trading since last 2 years in bitcoin so having bit knowledge about bitcoin.

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