What is Bitcoin
According to wikepedia,
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009when its implementation was released as open-source software.
This means that it is a cryptocurrency (digitalized currency)
Over the years, the price of Bitcoin has been increasing rapidly. It first touched $1000 record in January 2017, reaching record value of $19000 in December 2017, and then dropping to just $9000 last month.
Should you invest in Bitcoin
Yes, you should. Now here a the steps of investing in Bitcoin:
When the Bitcoin price touched $1000-mark last year, a lot of people around the world came up with several questions— How to buy Bitcoin? Where can I buy Bitcoin? How Bitcoin works? How Bitcoin transactions work? Should I invest in Bitcoin?
To buy a Bitcoin, the first thing needed is a Bitcoin wallet which can be easily downloaded through the Google Play store.
You can add money to the Bitcoin wallet using bank transfer or credit card.
Using this money, you can buy Bitcoins .
Once the transaction is complete, your money will be debited from your bank account and Bitcoins will be transferred to your wallet.
You can also buy more Bitcoin and sell them when the price of Bitcoin increases, then you can gain back your money used for buying the Bitcoin and also an additional gain.
Other cryptocurrencies include:
Tron
Pinkoin
Litecoin
Bitcoin Cash
And so many other cryptocurrencies.
I hope that you learnt of the benefits of investing in Bitcoin.