I have came across some questions today while I’m reading some areas of bitcoin, these are the list of my questions.
1. What is the procedure for purchasing and selling Bitcoin, and are there any crucial elements to take into account before beginning?
2. I'd appreciate an explanation of how Bitcoin mining functions and how it maintains the security and reliability of the Bitcoin network.
3. Why is using Bitcoin better than using conventional currencies?
Many thanks to all of you for your explanation.
i would have loved to qoute your thread in bits but I just have quote it entirely and give some explanations to the best I could.
One of the major procedure to take before buying or selling any cryptocurrency is doing your own research as this has already been proven to give the investor more edge on the coin he or she intends investing on. Secondly it it is always advice to buy low and sell high as that's the major principle of making profits as an investor but in cases where there's no much capital to buy at once, then the DCA method should be the best option as this enables you buy in bits at every opportunity you get to buy.
Well I can't really speak more of mining because I haven't paid much of an attention to it but I know their role can't be over emphasized.
Well most bitcoiners believe that using bitcoin is more safer for them because of its decentralization but I think bitcoin helps in international transactions without so much transaction charges.