A lot of people are making comments about the bear market, which was brought on by the crashes of some coins like FTX and Luna.
The bear market is a normal event in the cyclical sequence of the Bitcoin market. It was not brought about by crashes in this currency or that exchange, but has started even before those events.
I'm curious as to what sets Bitcoin apart from these other coins. Considering that it's been said that Bitcoin won't be impacted and will continue to grow, what are the key difference between the two Bitcoin and other coins?
Bitcoin is;
Completely Decentralized,
Immutable,
Consensus based,
Transparent,
These sets it apart from other coins and tokens
The second is about Bitcoin mining; what is the difference between investing in bitcoin and mining bitcoin, or are they interchangeable? If you do not wish to purchase, will you mine your own Bitcoin?
Mining is the process of confirming Bitcoin blocks (transactions) by solving some cryptographic puzzle, the better equipments you have, the higher your chances of being the first to solve it.
Miners who get to solve it first would win a coinbase reward of 6.25
BTC currently.
This is different from investing when you simply by Bitcoins from the exchange market.