First, of all, I would like to explain your grandmom Bitcoin:
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain
If you're holding any Bitcoin, now is the time to hold on to it! The price of Bitcoin is going up, and it's only going to continue rising.
Bitcoin will become increasingly popular in 2023 for the following reasons:
- Bitcoin is a decentralized currency not subject to government regulation or control.
- Bitcoin is private and anonymous, giving users more control over their money.
- Bitcoin is fast and convenient, making it easy to send and receive payments anywhere in the world.
So, if you're thinking of selling your Bitcoin, now is not the time.
Of course, this isn't financial advice, and you should always consult with a financial advisor before making any investment decisions. But if you're holding Bitcoin and wondering what to do, the best thing you can do right now is to hold on to it.