Perhaps you too bitcoins marketplace to invest in Bitcoin. You’re just not really sure how. Here is your guide for buying the hottest cryptocurrency.
Bitcoin mania doesn’t seem to be waning. Perhaps you too want to invest in Bitcoin—but you’re not really sure how. To be clear, this is not an endorsement for any cryptocurrency, Bitcoin, Ethereum, Ripple or otherwise. It’s also not a suggestion that you should invest in cryptocurrency at all. Here’s what we do know: The markets for these largely untested, unproven digital assets are like teenagers—young and unpredictable. Want to get right to the buying? Bitcoin is a decentralized digital currency that can be bought, sold, or traded like a commodity.
It can also be used to buy goods—pizza, cars, beer, whatever you’d like. That means there is no central authority—in this example, the U. Treasury—to issue new money or track transactions. Those functions are built into Bitcoin itself—specifically, the so-called blockchain technology that powers Bitcoin and other cryptocurrencies—which is one reason it’s such an attractive, and controversial, concept. What is the blockchain, you ask? Think of it like a digital version of a public ledger, in which all transactions are recorded for everyone to see. It serves as the primary mechanism for trust in this financial system.