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 the first ever cryptocurrency created in the market. It operates within the blockchain technology where it is posted in a public ledger. Every transaction made is unalterable given the number of checks it passes through and a number of confirmations done. One of the key difference also is its price on the market which is significantly higher compared to other alternate coins (or altcoins).
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?
Please accept my apologies if the question appears unclear; I am very confused, which is why I ask. Thank you very much.
Mining is the process of earning BTC. A miner is the one responsible for confirming a BTC transaction in a blockchain and every transaction, they get rewarded with BTC. Bitcoin investment, on the other hand, is the process of purchasing BTC and holding it for a short/long period of time for investment. It is the same as your normal investment in the market.
Mining is a very expensive and technical way of earning BTC. Also, you need a specific set of equipments in order to get started. Given the competition of it, I will most likely never mine my own BTC as I prefer to just purchase and HODL my BTC for long-term gain.