Post
Topic
Board Bitcoin Discussion
Re: What you need to understand about Bitcoin
by
big kid
on 10/07/2024, 10:43:16 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.

I think that everyone knows that on the "Bitcoin" forum. People don't appear here randomly without any knowledge of Bitcoin.