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Some people think this virtual currency is a speculative bubble, a shady payment method, or the financial future.
This network creates a digital currency with a code backing it instead of physical value items like silver and gold.
But Bitcoin is modern, decentralized virtual cash that allows people to transfer funds without intermediaries like governments and banks.
Essentially, Bitcoin users don’t rely on trust in authorities like fiat currency users.
Is Buying Bitcoin Wise?As hinted, Bitcoin is a highly volatile and speculative virtual currency.
Whether buying it is a wise move or not depends on your investment goals and thoughts about the technology behind this virtual currency.
How Bitcoin Makes MoneyThe value of this virtual currency follows the supply and demand law.
These are platforms where people purchase Bitcoins using fiat money and transfer them to their digital wallets.
Here’s what you should know to understand how this virtual currency works.
Instead, this payment method uses a peer-to-peer digital network to confirm transfers between users directly..
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