Topic: What I understand about bitcoin - page 4. (Read 671 times)
Im just curious, are you interested in bitcoin or are you interested in just trying to make money with bitcoin? If you're truly interested in bitcoin then I would recommend continuing to learn about it before you really begin trying to make a bunch of money from it. I would suggest watching Andreas Antonopoulos videos, the guy is about as good as it gets when it comes to bitcoin education.
Bitcoin is digital money or digital asset. It's up to you and your location how you will use it. Personally I invest in Bitcoin and other mainstream currencies, so they give me passive income. In some countries Bitcoin is accepted as a means of payment so they take it as the means of payment as well. That's wonderful that you got acquainted with Bitcoin, keep it up!
Bitcoin is a digital currency that provides you with different kinds of earning including trading, stalking, mining, etc. As concern to the guaranty & surety of some business or trade, it does not happen anyway. In business, there are ups and downs and The man who comes into a field to earn . He has to take risks. So it is said," No risk no gain:.You can see that millions of people, companies, banks institutes, and businessmen are e involved in the business of digital currency and it is enough that BTC has more than a decade period of life.
The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also Earn bitcoins through mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.
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