Bitcoin price was firstly launched in year 2009. Bit coin is the world’s largest hidden currency by market cap. Unlike fiat currency, Bit coin is created, distributed, traded and stored with the use of a decentralized ledger system known as block chain.Bit coin can be sent from user to user through the computer link but it is not depend on the central bank, single manager bit coin network so there is no need for the intermediaries.
Is bit coin a good investment?
Since the rate of the bit coin that can be produced is reduced to half in every four years. The currency fluctuates for every time and it is difficult to obtain over the time. That’s all fine and well for the real world, but when you come to the matter buying and selling of a hiding currency, the most valuable investment you can make is time.
Each Bit coin is basically stored in a ‘digital wallet’ app which is shown on Smartphone or computer which is a computer file format. People can send or transfer Bit coins (or part of one) to your digital wallet, and you can send or transfer Bit coins to other people. Each and every single transaction is recorded in a public list called the block chain.
There are two ways you can get bit coins:
Quickly purchase a considerable importance of bit coins on the internet or in person.
Slowly earn a huge amount of bit coins for free through bit coin faucets, like playing with mobile or online games, completing the given tasks on websites, or writing about hidden currency.
Can you trust Bitcoin?
With bitcoin price, the trust has to be on both sides. Even though if one of the user is always in control of his own finances, but still have to trust the rest of the bitcoin network to not drop off the face of the earth for tomorrow.