Review on Bitcoin by Victor Igwe
Bitcoin 101. Layman's approach
A few years ago, the value of Bitcoins boomed, and a lot of people tried to mine Bitcoins on the Internet. There have been many ups and downs in this cryptocurrency. Still, currently, it is stable, and the value of Bitcoins is rising steadily. Most smart money-makers believe that Bitcoin is the future of money. So, investing in Bitcoins for the future may not be a bad idea.
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You, however, need to be careful about where you keep those Bitcoins once you have mined them. While trading in Bitcoins is safe, leaving them on an unsecured computer may not be. To ensure that you keep your Bitcoins safe, put them in an e-wallet that has all its security measures in place. Then when the time comes, sell your Bitcoins for a considerable profit and retire in peace.Bitcoin is a type of cryptocurrency that came into existence in 2009. The value of each Bitcoin has only escalated steadily since origin. To explain in simple terms, if you buy a Bitcoin, you will receive it in the form of a computer file. You can store this file in your e-wallet on your computer or phones. You can then sell the Bitcoin and convert the money into cash by transferring the funds into your bank account.
Bitcoin is a type of cryptocurrency that came into existence in 2009. The value of each Bitcoin has only escalated steadily since origin. To explain in simple terms, if you buy a Bitcoin, you will receive it in the form of a computer file. You can store this file in your e-wallet on your computer or phones. You can then sell the Bitcoin and convert the money into cash by transferring the funds into your b
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Pros
- Can yeild profits if stored and the market appreciates
Cons
- Market value flauntuates
