Bitcoin is only one of the many cryptocurrencies that you will find online. Cryptocurrencies are basically digital money. Your friends probably recommended it because, as of now, it is valued at around. $7,000. Crazy right? I myself would like to invest in it but it is too expensive now. Lucky are those who have availed of it when Bitcoin was only starting. But if you have the money, I would highly recommend it. As for me, I will stick with online jobs.I have lots of friends who invited me to join in bitcoin. They said you will earn extra money by investing in bitcoin. Can anyone here explain what is bitcoin? and how does it really works?
Bitcoin is like a currency in the internet, it is a distributed, worldwide, decentralized digital form of money. Unlike the traditional currencies like dollars or peso, bitcoins are issued and managed without any central authority whatsoever: there is no government, company or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and most especially, corrupt banks. With Bitcoin, you can be your own bank. There are also different ways to gain bitcoins; bitcoin mining, purchasing and more. If you want to learn more about bitcoins please search on the internet, I don't want to mislead you if in case I may have provide a wrong information.I have lots of friends who invited me to join in bitcoin. They said you will earn extra money by investing in bitcoin. Can anyone here explain what is bitcoin? and how does it really works?
Hi Nolimanalo!Bitcoin is pretty much very real. I'm from the Philippines and I'm using coins.ph. I've tested almost every transaction possible. I've tried cash-in option through online bank transfer. I've also tried cash-in option at 7 eleven stores. It works well. I've also tried to cash out through Cebuana Lhullier. It works well. I've also tried online purchase and paying the bills. Almost like using real money. So for me, bitcoin is very real and very convenient to use.
Thank you very much for the explanation. Atleast it gives me idea to understand the marketig of bitcoin. I hope its ok if I'll ask what is the difference between bitcoin exchanger versus buying ang selling bitcoin? I hope you can give me idea on this. Thank you in advance.Bitcoin is the first cryptocurrency ever created. Cryptocurrencies are so-called "digital currencies". I would explain it as a product of evolution in terms of currency. Like our ancestors used barter, then moved to coins and then paper money. It's a type of asset which could be changed into goods or traded into other types of cryptos(Like how ForEx works). So, it's pretty real. It works like how you spend your money actually, just in a digitalized way. If you have some more questions, I would love to explain it more. Have a great day!
I am sorry. We are on the same shoes. I also want to know if bitcoin is real to make money. I have heard that some sites are scam while others also said that some are legitimate. I think, before joining bitcoin, we should ask somebody whom we personally know who is really earning in bitcoin. We will request them to personally show the proof of payment.I have lots of friends who invited me to join in bitcoin. They said you will earn extra money by investing in bitcoin. Can anyone here explain what is bitcoin? and how does it really works?
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