Today we are going to know about Bitcoin. Many of us know about Bitcoin but most of us do not know about Bitcoin. So today I will tell you what Bitcoin is in very simple language.
Before I start talking about Bitcoin, let me tell you that the price of Bitcoin used to be 0 but in the last one to two years, the price of Bitcoin has high priced.
The world has become digital now that's why currency has also taken a digital form. In all these currencies, you must have heard about bitcoin. What is this crypto currency, what is bitcoin, what are its benefits, you will get to see all this in today's post.
Cryptocurrency is a digital currency. This cryptocurrency was introduced in 2009. and the first cryptocurrency digital bitcoin .
Even real notes to Cryptocurrency are not like coin. That is, we cannot take this currency in our hands like money. bitcoin Save in our digital wallet. If you buy something with Bitcoin, you have to pay the price through computer. The government has control over the money of all countries like dollar, rupee and euro. But no one has any control over this bitcoin. This means that bitcoin does not follow the rules of the bank. Bitcoin continues to be transferred from one digital wallet to another through a computer. And not only that, Bitcoin has more than five thousand other cryptocurrencies besides just cryptocurrency Bitcoin. Like Bitcoin, their names are different. Some of the most popular cryptocurrencies are Ethereum, Ripple, Light Coin, Tether and Libra. These can be bought and sold as bitcoins. But now the most popular cryptocurrency is Bitcoin. You can guess the popularity of Bitcoin by knowing that many companies in the world accept payments by Bitcoin. Bitcoin Shopping, Traveling, Trading, Food Delivery Bitcoin is slowly gaining popularity in India. The main reason why the popularity of Bitcoin is so slow in India is that cryptocurrency was declared illegal by the RBI. But in March 2020 this disobedience was removed by the Supreme Court. This means that it is not illegal to use cryptocurrency in India now and this is why the number of cryptocurrency users in India has increased. The second reason why the popularity of cryptocurrency is slowly growing in India is that mutual funds, stocks and gold are good for Indians to invest. But these are not wrong. But investing in cryptocurrency has more benefits than that. As such, it allows you to make quick transactions. With this, international transactions can be done easily. You almost never have to pay the transaction fee. This transaction is confidential as there is no middle person in this currency. Big companies like Facebook, PayPal, Amazon, Walmart are also involved with it.
How do you guys use cryptocurrency? So let me tell you, cryptocurrency is very easy to use. You can easily invest in Bitcoin through any app that switches in the Play Store.
Here you can trade by cryptocurrency. Using cryptocurrency will make you feel like you have bought something of your choice from Amazon. The Coin Switch app is used by target people. But the question may come to your mind that bitcoin is very valuable? How do I buy Bitcoin? The value of a bitcoin is now more than 32 lakhs which is increasing day by day but the good thing about this app is that you can start investing in this app with 100 rupees and you don't have to pay any transaction fee. But before you start investing, it is important for you to know that the price of Bitcoin fluctuates according to the demand of Bitcoin. And cryptocurrency has a lot of profit as well as a lot of risk of loss.So before buying a cryptocurrency, do a little research on that cryptocurrency and see how it performed in the previous month. By this you will understand how much demand there is for any currency so you will have less risk of loss and more chance of profit. We don't know how much the price of cryptocurrency will increase or how much the demand will increase in the future but if you use cryptocurrency well now then you will benefit.
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