Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.
Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous. An added benefit for merchants (less so for users) was that it was irreversible, removing the threat of expensive charge-backs.
However, the improvement in domestic payment methods and the rapid development of alternative (non-cryptocurrency) forms of international transfers has reduced bitcoin’s advantage in this area, especially given its increasing fees and frequent network bottlenecks.
Furthermore, the increasing oversight and regulation to prevent money laundering and illegal transactions have restricted the cryptocurrency’s use for privacy reasons.
Summary of what you will learn in the book:
- Understanding what digital currency is
- What is Bitcoin
- What are the Differences between Bitcoin and some other digital currencies
- Why work with Bitcoin
- Learn how to earn money with Bitcoin
- Is bitcoin legal?
- The importance of the buy and hold strategy for beginners
- How to invest in a company that uses blockchain technology
- The risks behind cryptocurrency
- Where to buy
Genre: COMPUTERS / General| Language | Status |
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Spanish
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Already translated.
Translated by Pedro Pablo Perez Aguero
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