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Bitcoin cryptocurrency is buzzing around the world whether you are on the internet or in any media. This is the latest exciting and crazy event that has only come into existence in the last few years. More importantly, you can earn a great return by trading Bitcoin or you can keep it for a long time.

You will learn about the ABCs of Bitcoin in this learner's guide to stocks, commodities, foreign exchange, and now a new currency called Bitcoin Trading which has a huge impact on our lives.

About Bitcoin Cryptocurrency

The rise of Bitcoin is not yet known, but a study was published in October 200 under the pseudonym Satoshi Nakamoto from Japan. His identity is still unknown and it is believed that as of September 2017, about one million bitcoins are worth more than 6 6 billion.

Bitcoin is a digital currency known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a novice, bitcoin technology can confuse you and be a bit tough about it, however, I will help you dig deeper into it and learn how you can easily trade your first bitcoin.

Bitcoin works on cryptocurrency blockchain technology that is a digital public interest and shared by anyone in the world. Whenever you trade any bitcoin and you can use the blank to verify it you will find your transactions here. The completed transaction will be completely transparent and will be verified by the blockchain. Bitcoin and other cryptocurrencies are part of the blockchain and it's a great technology that only runs on the Internet.

Key terms related to Bitcoin cryptocurrency

Before you get ready to own your first bitcoin, it’s good to know the key terms related to bitcoin. It is also referred to as BTC which is a part of bitcoin and 1 bitcoin equals 1 million bits. Along with the rise of bitcoins, some other alternative cryptocurrencies also evolved. These are popularly called altcoins and include Ethereum (ETH), Litcoin (LTC), Ripple (XRP), Moniro (XMR) and many more.

XBT and BTC are the same thing and are usually abbreviated for Bitcoin. Mining is another term that is used and it is actually a process performed by computer hardware for bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, accept and save Bitcoin. You can send it to your friends, request it from a friend and save it in your digital wallet. Even, now you can top-up your mobile / DTH by paying directly through Bitcoin.

Transaction costs are lower than PayPal, credit cards and other online intermediaries. In addition, it protects your privacy when using a credit card that may be leaked to the Internet. It is highly secure and no one can seize or steal coins. Due to the transparency of the system, it is not possible to reconcile with anyone in the shared public register. You can verify transactions from anywhere and anytime.

Demand for this specialty has grown significantly as a result of recent corporate scandals. Japan has already legalized it and other countries may soon follow suit and prices could rise further.

I will tell you more about Bitcoins in the coming days where you will learn the great things about Bitcoin trading. You can comment your opinion and ask something relevant to Bitcoins.

If you find this apprentice guide on Bitcoin cryptocurrency useful, share and like it on social networks.


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