Should you buy bitcoin now ? bitcoin is a cryptocurrency created in 2009. Various Marketplaces (trading platforms) allow people to buy or sell bitcoins using different currencies.
How are bitcoin created ?
People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes.
No one knows what will become of bitcoin. It is mostly unregulated, but some countries like Japan, China and Australia have begun weighing regulations. Governments are concerned about taxation and their lack of control over the currency.
Should we buy bitcoin?
If you are an investor then a big YES for you. Bitcoin is considered as the best investment of all time.
Bitcoin can still premium your money but buying bitcoin at it’s high might be risky, people buy to sell so when there is sell try to get in and wait for the climb.
many companies including elon musk’s TESLA has approved bitcoin as a payment method.
Cryto currencies are a simple exchange between a buyer and a seller with no third man involved (Except trading platform).
How to sell bitcoin?
Bitcoins can not be withdrawn into a bank account directly. You can either sell them to somebody who then transfers money to your bank account, or you can sell them at an exchange and withdraw the funds from there. The first method may be quicker to set up but is a bit more risky.
do check out top 5 crypto currencies to buy in 2021