Post
Topic
Board Beginners & Help
Re: My Knowledge On Bitcoin
by
2Pizza410000BTC
on 20/01/2024, 08:54:43 UTC
Bitcoin is a cryptocurrency I've been hearing but haven't gotten a full information about it.The only information I was having on bitcoin was the bull run market,when people bought bitcoin,stored it in their digit wallet,and when the price of bitcoin was high(Bull run market) in 2021,those people that were having bitcoin in their wallet sold it and some invested,some bought cars,houses etc.So that was the only information I was having on bitcoin but when I joined this forum I've acquired some information on bitcoin,that bitcoin is not a get quick rich investment.And-
1.Bitcoin was the first cryptocurrency.
2.Bitcoin was launched in 2009 by an anonymous inventor called Satoshi Nakamoto.
3.It's a decentralized digital currency that uses peer to peer(P2P)-It allows users to trade,sell,buy bitcoin in any part of the world without the involvement of the government or bank.
4.Bitcoin is not accepted in most countries.
5.Bitcoin is not controlled by the government.
6.Bitcoin cannot be hacked.
         So with this knowledge I have on bitcoin as a beginner,I'm still open to know more and take corrections.
All the things you have heard and know about Bitcoin are true. If you want to know more about Bitcoin then you must spend more time and know more. The more you are interested in knowing, the more you will know. As the saying goes, there is no end to knowledge and no age to learn. Finally, the last thing I want you to know is that bitcoins cannot be hacked, of course bitcoins can be hacked. If you use your wallet and bitcoins carelessly, you can get hacked anytime. Except if you use bitcoin wallet and bitcoins with security then you won't get hacked.