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What is Bitcoin? How to do trading in this virtual currency, know everything for your work

Bitcoin was started in 2009. In the first few years, bitcoin was growing slowly. But, from 2015 onwards, there was a big boom in it and it came in the eyes of the world.

What is Bitcoin? How to do trading in this virtual currency, know everything for your work

What is Bitcoin : Bitcoin was started in 2009. In the first few years, bitcoin was growing slowly. But, from 2015 onwards, there was a big boom in it and it came in the eyes of the world.

The craze of Cryptocurrency Bitcoin is increasing rapidly around the world. Rich people investing in bitcoin want to increase their capital rapidly through this online currency. This is the reason why its prices are also touching new heights. After 3 years, once again there has been a big boom in bitcoin. In the year 2017, he made his record high in bitcoin. After that it slipped downwards. But, now a new high of 3 years has been made. People all over the world are investing money in this currency. But, the Government of India believes that it does not have any data on virtual currency and therefore its trading may be at risk.

READ ALSO | Cryptocurrency For Beginners 2022

When was bitcoin started? (History of Bitcoin)

Bitcoin was started in 2009. In the first few years, bitcoin was growing slowly. But, from 2015 onwards, there was a big boom in it and it came in the eyes of the world. Trading in this virtual currency was considered legal in many countries and the price of bitcoin continued to rise. At present, its price has crossed $ 18000. It is a kind of digital currency. It was started by a person named Satoshi Nakamoto. In India also, bitcoin trading is being done secretly. However, the government has not yet formulated policies regarding this. At the same time, its approval has been received from the Supreme Court.

What is Bitcoin
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How is trading in bitcoin done? (How to trade in bitcoin?)

Bitcoin trading is done through digital wallet. The price of bitcoin remains the same all over the world at one point in time. That’s why its trading became famous. The price of bitcoin keeps on increasing and decreasing according to the activities around the world. It is not determined by any country, but it is a digitally controlled currency. There is no set time for bitcoin trading. Its prices also fluctuate very fast.

There is also an exchange of bitcoin (Bitcoin cryptocurrency trading exchange)

Bitcoin trading can be done through Kraken. This is a cryptocurrency exchange. Which was created in 2011. For this you have to create your account first. After this the account has to be confirmed through email. After account verification, you can select the trading method. There is a chart for trading (Bitcoin trading chart), which contains the history of the price of bitcoin. You can buy and sell bitcoins on time by placing orders (How to order bitcoin). Changes in the price of bitcoins are very unpredictable and rapid. According to the investment, people find it very tempting.

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No trading information (Bitcoin investment details)

A ledger of bitcoin transactions is created. Millions of merchants in the world also transact with bitcoin. However, no central bank has yet recognized it. Many big companies in America also accept bitcoin. In the world of internet, there are many exchanges for buying and selling it. It is bought and sold through many websites and apps of the Internet. In this, the information of those who buy and sell is hidden.

What are the disadvantages of bitcoin? (Disadvantage of Bitcoin)

The biggest disadvantage of bitcoin currency is that if your computer is hacked, then it will not be recovered. Not only this, you cannot file a complaint with the police or anywhere about its theft.

READ ALSO | How To Invest In Bitcoin | What is bitcoin? | Bitcoin kya hai 

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