Bitcoin (BTC): What it is, how it works, how to buy, how to sell and how to set up a profitable portfolio

By MAX EDITORIAL

Bitcoin is a cryptocurrency, that is, a decentralized digital currency. This means that it is not issued by a central bank or government, but rather by a network of computers distributed around the world.

Bitcoin was created in 2009 by an individual or group of individuals under the pseudonym SatoshiNakamoto . Since then, its popularity has grown exponentially, and today it is the most valuable cryptocurrency in the world.

This ebook will provide a complete overview of Bitcoin, including:
What is Bitcoin
How Bitcoin works
How to buy Bitcoin
How to sell Bitcoin
How to build a profitable portfolio
What is Bitcoin?

Learn Much More...

• Language: English
• Publisher: Max Editorial
• Release date: Feb 28, 2024
• ISBN: 9781779717184

Book preview

Chapter 1: Introduction

Bitcoin is a cryptocurrency, that is, a decentralized digital currency. This means that it is not issued by a central bank or government, but rather by a network of computers distributed around the world.

Bitcoin was created in 2009 by an individual or group of individuals under the pseudonym SatoshiNakamoto . Since then, its popularity has grown exponentially, and today it is the most valuable cryptocurrency in the world.

This ebook will provide a complete overview of Bitcoin, including:

What is Bitcoin

How Bitcoin works

How to buy Bitcoin

How to sell Bitcoin

How to build a profitable portfolio

What is Bitcoin?

Bitcoin is a cryptocurrency, that is, a decentralized digital currency. This means that it is not issued by a central bank or government, but rather by a network of computers distributed around the world.

Bitcoin is based on a technology called blockchain , which is a shared, immutable ledger. Each blockchain block contains information about transactions carried out with Bitcoin, including the transaction date, the transaction amount, and the identities of the senders and recipients.

Bitcoin is a peer-to-peer currency , meaning that transactions are carried out directly between users, without the need for an intermediary such as a bank or payments company.

How does Bitcoin work?

Bitcoin works using a distributed network of computers that verify and confirm transactions. These computers are called mining nodes, and they are rewarded with Bitcoin for their work.

The mining process is complex, but in short, it involves solving a mathematical puzzle. The first node that solves the puzzle receives the right to add a new block to the blockchain .

Bitcoin transactions are secure thanks to encryption. The information for each transaction is encrypted, which means it can only be decoded by the recipient.

How to buy Bitcoin

There are several ways to buy Bitcoin. One way is to use a cryptocurrency exchange . Exchanges are online platforms that allow users to buy and sell cryptocurrencies .

Another way to buy Bitcoin is to use a cryptocurrency ATM. Cryptocurrency ATMs are machines that allow users to buy and sell cryptocurrencies using fiat money .

Yet another way to buy Bitcoin is to use a P2P service. P2P services allow users to buy and sell cryptocurrencies directly between each other.

How to sell Bitcoin

To sell Bitcoin, you can use the same exchange or ATM that you used to buy it. You can also use a P2P service or sell your coins to someone else.

How to build a profitable portfolio

To build a profitable portfolio, you need