Bitcoin became bitcoin bitcoin cash. It isnt simply an assigned value of money stored in a digital account like your bank account or credit line.
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From the bitcoin wikipedia page.
How does bitcoin work to make money. Im sorry to burst the bubble but bitcoin is just like any other currency out ! there. What is bitcoin and how does it work many people dont no about bitcoin so after watching this video you will know your all answer bitcoin is a digital currency started by satoshi naka moto btc. Jonathan explains the virtual currency as well as how to mine it and the risks involved in investing.
Just like theres no easy risk free way to make a quick buck theres no magical way to earn bitcoin. Bitcoins are awarded to bitcoin miners for the solution to a difficult proof of work problem which confirms transactions and prevents double spending. There is huge potential to make money on trading in bitcoin but it takes a level of expertise and knowledge about the market in the same way that trading on any other financial market does.
Dont fall for bitcoin seller scams people often ask me if bitcoin is a scam. However there are people who make money by mining. Yet that doesnt mean there arent a lot of scams involved with bitcoin war! ns martin.
Thats a concept that might be! more complex than you realize. If money is only valuable when we believe in it how much is a bitcoin actually worth. In addition the cryptocurrency market is extremely volatile and therefore may not suit everybodys tastes and risk appetite.
How does bitcoin work. Bitcoin is a cryptocurrency that is conducted on a public ledger the blockchain digitally transferred it exists only online. Bitcoin is a digital currency.
Sensible people were amazed that not only did bitcoin cash end up being worth usd 400 a coin approx. 10bn market cap but that the bitcoin price went up after the split too. People tend to think that because bitcoin is a new form of currency there is some magical way you can earn bitcoins or make money from it easily.
Much like gold it can have monetary value.
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