Bitcoin is recognised as the world’s first truly digitalised digital currency.
Bitcoin is a peer-to-peer currency.
Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
Through the use of cryptographic proof, decentralized networks and open source software Bitcoin minimizes and replaces trust costs.
Bitcoin trading has many advantages:
- The software can be installed by anybody worldwide.
- Do not require any ID to use.
- Nobody is able to block or freeze a transaction of any amount.
- Irreversible once settled, like cash.
- Fast. Transactions are broadcasted in seconds and can become irreversible within an hour.
- Online and available 24 hours a day, 365 days per year.
Bitcoin has been in a free fall.
At the beginning of 2020, Bitcoin has been falling due to various factors.The market has printed $3.908 – its lowest price in nearly twelve months. Later, the market has rebounded as some bears seemed to cover.
