$BTC $BTC #BTCBackto100K
Excellent, here’s everything you need to know about Bitcoin (Bitcoin - BTC), divided into topics for a comprehensive understanding:
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1. What is Bitcoin?
Bitcoin is a cryptocurrency that was launched in 2009 by a person (or group) known as Satoshi Nakamoto. Bitcoin is not subject to any government or central bank and is traded over a decentralized network known as the blockchain.
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2. How does it work?
Blockchain: A public digital ledger that records all transactions.
Transactions: Confirmed through a process called "mining."
Mining: Using computers to solve complex mathematical equations to confirm transactions and earn rewards (new bitcoins).
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3. Advantages of Bitcoin:
Decentralized: Not subject to the control of banks or governments.
Limited: The maximum supply is only 21 million bitcoins.
Relatively private: The true identity of users is not disclosed.
Globally transferable: Can be sent to anyone anywhere.
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4. Its disadvantages and risks:
Significant price volatility.
Sometimes used for illegal purposes.
Risks of hacking or losing the private key.
Cannot be recovered if sent to the wrong address.
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5. How to buy Bitcoin:
Through trading platforms such as: Binance, Coinbase, Kraken.
Using credit cards, bank transfers, or PayPal (depending on the platform).
Through trusted individuals (peer-to-peer), but with caution.
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6. How to store it:
Hot wallets: Such as Trust Wallet or MetaMask.
