Post
Topic
Board Bitcoin Discussion
Re: What you need to understand about Bitcoin
by
Onyeeze
on 10/07/2024, 05:36:11 UTC
Before getting started with Bitcoin, there are few things you actually need to understand. First you need to know that the Bitcoin ecosystem allows you to exchange and transact money in so many different ways than you normally do. so before using Bitcoin for any serious transaction, you should be well knowledgeable about how the Bitcoin system works and be fully aware of the problems associated with the fiat system.

Also note the following
1. Note that Bitcoin transaction are irreversible. Therefore one need to be extra careful while doing transaction.
2. The price of Bitcoin is still volatile i.e it does not have a fix price for it market price.
3. It requires your own effort to protect your Bitcoin.
As a beginner in cryptocurrency network especially Bitcoin what you needed to know in Bitcoin investment or bitcoin generally is to make a proper research concerning Bitcoin and also check the transaction limit from blockchain technology depending the kind of currency in cryptocurrency that you are making use of, that is why you cannot go into cryptocurrency most especially bitcoin just like that without having a proper investigation for at least within one month to understand the procedures of Bitcoin because the Investment of Bitcoin divers and the determine the profit making and the loss that you may achieve in your investment.