First published at 11:05 UTC on January 14th, 2023.
Is Bitcoin a Good Investment? (Is Crypto Dead?) Is Bitcoin a Good Investment? (Is Crypto Dead?). After all the recent scams, disappointment and market volatility, you’d be forgiven for wondering if Bitcoin is still a good investment. You could even…
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Is Bitcoin a Good Investment? (Is Crypto Dead?) Is Bitcoin a Good Investment? (Is Crypto Dead?). After all the recent scams, disappointment and market volatility, you’d be forgiven for wondering if Bitcoin is still a good investment. You could even be thinking Bitcoin & crypto are dead and buried! The scandals of FTX, Celsius, Vauld and others has smashed users’ confidence in bitcoin really hard. So can you still make money with bitcoin and if so how? Is Bitcoin a still good investment or is it dead?
What is Bitcoin?
Bitcoin (BTC) is a cryptocurrency; a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the whole layer of third-party middle-men involved in financial transactions. However, Bitcoin is not just a virtual currency, but also a store of value, much like gold, silver or platinum.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.
Bitcoin is unique, in that its transactions are immutable, so they can’t be deleted. Bitcoin is censorship-resistant, has a capped supply and is decentralized, so no one entity, government, person or group can control it. These are some of the factors that makes Bitcoin unique and sets it apart as a unique asset class, called digital assets.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility.
It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I am affiliated with a number of the offerings on this channel. This includes the links above and also includes the use of Amazon affiliate links. All opinions and recommendations are honest and expressed with the good intent that you will find them of valu..
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