The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also Earn bitcoins through mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.
Bitcoin is a digital currency that uses an open-sourced distributed network containing a shared ledger known as the blockchain that tracks every transaction. The blockchain ensure the entire network agrees on where every bitcoin is and which “wallets” hold them. This prevents artificial creation or other attempts at fraud but still gives all the inherent advantages of a currency that exists entirely in the digital realm. It is a digital currency that provides you with different kinds of earning including trading, staking, mining, etc. It has a strong security system to avoid any problems to the users. You also need to take risk before you earn. Just like the saying, "No risk, No gain" and for me, that was really true. You need to do your best especially here in cryptocurrency for you to gain.