The usage of Bitcoin

Bitcoin, is a cryptocurrency created by Satoshi Nakamoto that uses no banking system for transactions, marketing, or currency. Bitcoin, enables payments to be sent between users without passing through authority, such as a bank, or payment gateway. Bitcoin can be bought by people, used as a trading/bargaining item, and can be used to buy items. Bitcoin was one of the first examples of cryptocurrencies.

Image taken from: https://wccftech.com/bulgarian_bitcoin_horde/

Bitcoin is used through the Internet and technology; it can also be transferred with a micro-chip. The micro-chip contains the Bitcoin, and it’s worth and can be traded physically. People use Bitcoin as a way to obtain money through the Internet and technology. People who own a Bitcoin can price the coin at any price, however they deem it. This is because of how Bitcoin gains interest or currency. People “mine,” and solve problems, to increase the Bitcoins price.

Bitcoin was made as an easier way to make money through technology, and asa way for people to make money using their skills and intelligence with technology. Anyone can use it, and people who are interested with the stock market, trade business, and other goods that can be affected by Bitcoin, such as purchasing stocks with Bitcoin, paying certain bills, items, etc. with Bitcoin use it for transactions.

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