Good day there,

This is my very first article here so hopefully this gets approved, I'm going to share some factors about bitcoin and blockchain.

For these of you who don't know what Bitcoin is let me put it this way, Bitcoin is a currency which cannot be managed by any bank or any authorities, it is basically a virtual currency and may be purchased online using real money.So then apart from being a decentralized currency what are its advantages, well you possibly can switch bitcoin wherever in this world without a lot charges, you can be 100% anonymous while doing transactions thanks to a technology called blockchain.So then what is the big thing about this you could ask, well let me tell you when it first launched it has absolutely no worth but now 1 bitcoin = 6,689.35 $ that's some fairly impressive development is not it?.

So how does this thing grow you might ask, well let me let you know find out how to sustain a blockchain there must be something called a ledger where all the transaction must be noted and to turn into a block in a blockchain a hashing function must be solved and producing bitcoin by solving hashes are called Mining Bitcoin.

To solve the hashing operate typically people used graphics cards but as time passed by bitcoin obtained more difficult to mine and dedicated hardware called ASIC miners have been introduced.

So individuals who spend their time and money to mine bitcoin will be rewarded in bitcoins and as more and more people change into part of this blockchain its worth will increase.

so how can I make money with bitcoin, there are ways

1.you possibly can trade bitcoin/altcoin(any cryptocurrency apart from bitcoin is called altcoin, yes there are millions of them)

2.you may mine them on your own

Each of those methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable someday it might be value 10,000$ and the subsequent day it might drop to 100$. Trading essentially means shopping for bitcoin for real money and praying that its worth will go up and selling it when it has gone up.This approach is very risky and it's possible you'll end up dropping cash reasonably than making any profit.

Otherwise you may select to mine bitcoins, but here's what you should consider, mining hardware is super expensive and mining requires numerous electricity,also mining issue is getting higher day by day so you won't be able to get some profits without high initial investment.

That being said bitcoin trading and mining are two good ways to make cash when you know what you're doing.

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