What is Bitcoin?
- Richard Cena
- May 24, 2017
- 1 min read
So you want to know what is Bitcoin? It is the future of currency. How does it work you might ask? Well it is a digital currency that can be easily exchange between you and someone else. You can also use it to buy everyday things that you may find at the mall, online, or even at your local grocery.
Are there any risks involved? Of course there is, but then again how many risks are there in this world? Every business opportunity is a risk, am I right?
The purpose of investing is to make money, right? I mean everything that we buy are investments. Whether you are buying a brand new Playstation 4 for your children or the new Nintendo Switch for the family, everything is an investment.
Bitcoin was created by a man going under the alias Satoshi Nakamoto. These type of transactions are made with no middle-man--no BANKS!! There are no transactions fees and you don't even have to give your real name. Think of it as if you're exchanging money with your friend.
Take a look at this great source to get a better understanding: http://money.cnn.com/infographic/technology/what-is-bitcoin/
Comments