What Is Bitcoin?
The first question that comes to the minds of most people is “what is bitcoin’? Bitcoin is an asset – not much different from stocks, gold, bonds, or anything else. Bitcoin is “mined”, which is when people compete by using powerful computers to solve complex math problems. The winners are awarded with bitcoin.
The whole point of bitcoin is to be able to send money quickly, cheaply, and anonymously. Small businesses like Bitcoin because there is almost no transaction fee, and international transactions are easy because Bitcoin is not tied to any country.
The following are reasons to invest in Bitcoin, the cryptocurrency that turned the Winklevoss twins in to billionaires. (Continues on Page 2)
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