What is Bitcoin | How to buy Bitcoin | Bitcoin advantages and Drawbacks
What is Bitcoin ?
Bitcoin is a virtual coin from that we can buy any stuff online, but we can not physically buy any goods from the market. This bitcoin can only help us in online services such as ticket booking or shopping, etc. We can find many things on the internet. Nowadays, a Bitcoin that you can buy or make money easily by selling it. You have either heard or read about Bitcoin If you do not know anything about bitcoin then I am going to tell you in this post.
Bitcoin is an electronic currency that we are used to buy or transfer anything online. Primarily Bitcoin, we can call an electronic currency such as rupee or dollar ($)
Similarly, this is also a pose. But we can not see bitcoins nor can they touch them like money. But we can store it in the online wallet, the invention of bitcoin Satoshi nakamoto was done by 2009 and since then its popularity has been rising since people used to earn money by putting it in betting and now it has become very easy. To make money online, people earn a lot of money by selling it in high prices and now its business is running very fast. Bitcoin is a Decentralized currency which means no government or any law applies to this currency or Bitcoin can easily buy it and anyone can sell it.
What is the value of Bitcoin today ?
Bitcoin is just like any other value, rise in the bitcoin according to its marketing. At present, the value of a Bitcoin is $ 999, which means a Bitcoin is around Rs 65000.
As 1 rupee has 100 paisa, 1 Bitcoin has 100 million Satoshi.
How to earn Bitcoin ?
Bitcoin is very easy to earn, there are several ways to earn Bitcoin from which you can earn Bitcoin, I will tell you about some ways here, so you can buy bitcoins, and store in your online Wallet.
1. First of all, I will advise you that if you have money then you can buy 1 bitcoin directly and you will have to pay 1 bitcoin if you want you can buy 1 Satoshi unit and you can gradually increase your Bitcoin If Bitcoin's value increases, you can also sell it so that you will get more money.
2. The second method is that if you are selling any goods or anything online and your seller has Bitcoin then you can ask for bitcoin, and you can store this Bitcoin in your online Wallet or Bitcoin By increasing the value of it, you can easily sell it by selling it at a higher price and earn money.
3. The third way is the work of Data mining, Data Mining means when we are done with Bitcoin for online transaction, there is a need to verify in it and Bitcoin needs a high processor computer to verify and then our Bitcoin verify And we get some Bitcoin reward as we get the verification of Bitcoin.
Like every country has to print a limited amount of money in a year, Bitcoin can not get more than just 21 Million Bitcoin in the Bitcoin market and so far some 15 Million is available in Bitcoin market and through the remaining Bitcoin Data Mining will come in the market.
How to Buy Bitcoin ?
Here i have given two websites so you can buy Bitcoin Online -
1. Unocoin
2. Zebpay
Benefits from Bitcoin:
1. If you are having very less amount than any payment for online shopping or Ticket Booking or credit card or debit card, Bitcoin lets you easily and cheaply transact online.
2. Bitcoin is an International Currency and you can easily buy and sell anything and you can take any of your problems without any hassle.
3. Bitcoin does not have any government or any law on it, it does not have any chances of being closed or blocked, such as having a credit or debit card block in the bank, there is no problem.
4. If you want to keep your investment in Bitcoin for a very long time, you can get a lot of advantage because Bitcoin is going on growing in the record so far, and you can benefit greatly from this.
Loss or damage from Bitcoin:
1. Bitcoin is an online Transaction account which causes your account to be hacked and you can lose all your bitcoin in one moment.
2. Bitcoin does not have the authority of anybody's government, so there is a lot of ups and downs in bitcoin.
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