So many articles has been written about Bitcoin,but I think it's still necessary to keep talking about it as long as it keep existing at least for the sake of those that are just making their journey into cryptos.there is need to understand Bitcoin, how Bitcoin works before we start making costly mistakes.bitcoin of course is the father of all coin being the first cryptocurrencys because it is the first to be created among the thousands of cryptos we now have today,for this singular reason alone,it has a very wide edge over other cryptos.
Despite it's popularity,not everyone is still aware of it,more reason why we need to keep spreading the news.before Bitcoin got to it's all time,people like myself regretted not investing in bitcoin and the reason the reason is not far fetch,it was all due to the fact that I was ignorant about the workings of Bitcoin and this is something everyone has to take the opportunity to do now that is still doable.
Bitcoin like every other cryptos is built and run on Blockchain technology,it can be bought and sold and it can also be used in the buying of goods and services on line.the value of Bitcoin is never stable due to the fact that it's very volatile other factors such as such investor's demand and news makes Bitcoin price to fluctuate alot,but despite it volatility it still has the largest market cap which is far bigger than any other cryptos.since it creation it has been gaining all over the world both positively and negatively.
HOW DO YOU USE BITCOIN
Bitcoin is obviously a digital asset with a store of value,it can be use to carry out transactions without the interference of a third party,the good thing about Bitcoin is that it can even be traded for other cryptos as well as any other currencies in the world.many organizations around the world now adopt and accepts Bitcoin as a means for the payment of their products which means it can be use in the purchase of goods and services even down to retail level.
Single Bitcoin is alot of money which could make anyone who is not financially bouryant not to be able to purchase it,but you don't necessarily need to buy a whole Bitcoin ,you can even buy as small as $1 all that you need to do is to choose an exchange broker where you can buy.thwre are many exchanges that sells and buy Bitcoin as well as other cryptos, example is binance exchange ,Robinhood Coinbase and many more.you will need to have an account the exchange and from their you can be buying and selling your Bitcoin.the only thing you need is knowing when to buy and when to sell.the logic is that you buy when the price is low and sell when the price is high.
The bear time is mostly the period people buy Bitcoin and other cryptos,so this period of time is actually a very good time to buy,then you when wait till when the bull market starts and then you are set to take in profits.