Hey you. If you are hearing the name of Bitcoin then you are at the right place to know it properly that what is a Bitcoin? Just to be clear that read this whole article properly and you will definitely understand what bitcoins is?
Now you will ask whether it is a currency like a rupee or a dollar?
After all, Bitcoin is a thing that we cannot see it or feel it or touch it. Bitcoin is a thing that you can find it on the Internet only.
So here we are explaining about Bitcoin.
After all, “Bitcoin is a virtual currency”, you can not see it or feel it. It is only stored just on the Internet. If you have to do it’s transaction i.e. Buy and Sell, then you have to do it on the Internet itself.
As well as, the Government’s currency is monitored by the Government. Still, there is no government control over it because it is an open-source, so there is no transaction record of it, that who sent it and who buy it.
Who created it? & initial value?
When “Satoshi Nakamoto” created Bitcoin in 2008. This Bitcoin had a value of less than 1 Indian Rupee. In fact, Today value of 1 Bitcoin is $ 18,958.90 that is approximately Indian Rs 13,93,548.86
After all, i hope this would have given you an idea of its value and how much demand can be expected below. As well as, By seeing its Growth Graph Screenshot, you can guess a little. In fact, in India from 2017 to till now its value has keep increasing.
Buying and Selling
Of course, you can earn precise money by selling and buying Bitcoin. Example if you had buy it before 3 months ago than its price was around 10 lacks and after 3 months mean today its value is more than a 13 lacks. Of course, like that you will get amazing benefit and earn money from Mutual Funds or Share Market.
Know the complete way to earn money from Facebook (Full Guide)
Here we are showing you a Indian currency, 1 Indian Rupee = 100 paise, then in the same way 1 BTC Currency = 100,000,000 Satoshi.
How to make money with bitcoin?
There are many ways available to earn Bicoin but there are a lot of Method that i Point out below so that you can earn money easily.
- You can earn money from Bitcoin Mining.
- By selling goods online, you can earn money by taking payment in BTC.
- BTC can earn money by buying and selling, and in my view, it is the best way to earn in Bitcoin.
Bitcoin Related Q / A
Here are the few Questions and Answer related Bitcoin and if you have any question related it you can ask us in a comment we will definitely reply you.
What is the reason for increasing BTC value?
In fact, you already know that the price of it is in really in demand and it is keep increasing. Also, in future it will keep going on so the reason of increasing BTC is Money.
Can Bitcoin Cost Work? and will it decrease it price?
I do not think that its price will be decreased because the world is going digital, so the chances of a Decrease in Digital Currency are very low.
What is Satoshi?
Satoshi is the smallest amount of Bitcoin as there is 100 paise in 1 Indian Rupee. Similarly, there are 100 Million Satoshi in 1 BTC.
Where can you use Bitcoin?
You can sell BTC and can also use it in online payment or shopping.
Can people from every country use Bitcoin?
Of course, you can but the point is that you need Internet on your Country to access it.
How does Bitcoin Buy and Sell in India?
You have to Buy and Sell in India via Websites and Apps. Also i’m going to do an article post in deep detail about it so you can buy it or sell it easily with our help.
Conclusion: What is Bitcoin?
This is a kind of cryptocurrency that you cannot touch and cannot see, it is only stored on the Internet.
So if you want to buy and sell it, then you have to do it on the Internet itself, it cannot be physical.
The government does not have any control. As of January 2020 the value of 1 Bitcoin was $ 9.545.00 / Rs 7,03,991.00 and nowadays its $ 18,958.90 that is approximately Indian Rs 13,93,548.86. Of course, you can guess how much value of 1 BTC in USD and INR.