What is Bitcoin?
Bitcoin is a new digital currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks! Much of the hype around Bitcoin today is from getting rich by trading it.
How is Bitcoin Used?
While most people are now using Bitcoin as a source of investment hoping for a healthy return, its original use was not for that. The idea behind the technology has always been and remains - one of decentralization - that is, remaining completely independent of a central authority, like a bank, a government, or a country. This privacy is the main reason many users use bitcoin on the “Dark Web.”
Should You Invest in Bitcoin?
As with any investment, this question comes with a set of questions you should ask yourself first:
Do you have the money to risk?
Do you understand fully in what you’re investing in?
What is driving the investment decision?
With these questions in mind, it’s important to understand the risks involved with any investment, especially one as unpredictable as bitcoin is.