Is Bitcoin an investment?

Wednesday, May 24, 2017

Bitcoin doesnt show any signs of going away. In fact, the growing hype about it just makes it more and more appealing to people. The problem is that most of us know so little about this new currency that were open to being exploited by those who see Bitcoin as an opportunity to make money from us rather than from Bitcoin itself.

So let’s start at the beginning. What exactly is Bitcoin?

Bitcoin is a currency, but it’s not like any currency we’ve seen before. With Bitcoin, there are no coins or notes, no bits of metal or paper you can put in your wallet or purse. This currency exists solely in cyberspace. It’s a digital currency, sometimes called a virtual currency or more often a cryptocurrency. ‘Crypto’ refers to the fact that Bitcoin transactions are kept encrypted online.

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