Bitcoin is a cryptocurrency which means it is an alternate currency to our own. Bitcoin adds a new element to the world economy and it cant go through inflation. Bitcoin is supported by thousands of people "mining" for bitcoins:
- 1. Bitcoins unlike the federal currency are not backed by federal funding and banks to make it secure, instead they have separate people making it secure.
- 2. Bitcoin mining is where you make your computer do complicated math equations while you slowly rake it bitcoin profit by helping the security of the currency. By offering an incentive (bitcoins) for securing the currency they make people want to help, getting stronger by the day. Bitcoins are an economic revolution and their functions are useful and plentiful.
I believe bitcoin because of their privacy policy. Everybody in the market thinks they are looking for a chance to get rich. But it is difficult to say that they do not become rich, want to develop bitcoin first we have to support and promote it