For newbies into the crypto to world that are looking for easy way to know and learn about Bitcoin BTC, there are easy and simple ways to go about it.
First you need to talk to someone that has more knowledge in it like I did. Secondly research comes in handy to have good knowledge too. Like me I was once a novice or still upcoming and getting more knowledge but due to research and everyday update I got to brush myself on it.
Basic things you should know or must have known are:
What exactly is Bitcoin (BTC)?
Bitcoin was or is the first crypto currency to be invented and it has maintained the first position in terms of market capitalization since its launch since 2010.
Bitcoin is also a decentralized digital currency (no sole authority or owner) without a central bank; it can be done from user to user on the peer-to-peer bitcoin network without the need for a third party.
Some other crypto currencies out there that have broken through the digital market of the years are ethereum, XRP, binance coin (BNB), cardano, teher, polkadot etc.
The highest market cap still remains the big bull BTC with over $1 trillion dollar, followed by ethereum with over $400billion and the binance coin (BNB) with a market cap with over $70billion
It has created a global community of millions if not billions of investors who invest and trade in bitcoin and other currencies too.
Besides trading, it can use for of paying goods and services, shops and company have been using it for quite some time now.
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Should you buy the Bitcoin now?
If you are looking for a crypto currency that sees huge market movements within a short period, then Bitcoin (BTC) is the best choice and maybe ethereum which still has a very big potential.
Also, you should be aware of the fact that buying the crypto currency market is extremely volatile, so you know when and when not to trade or buy.
Bitcoin price predictions
Bitcoin is currently above $61k and it’s expected to continue with the increase towards its all-time high of $65k before the end of the year.
Types of places to get or trade Bitcoins
Some apps or site you can trade or buy bitcoins are;
Binance
Coinbase
Gemini
Kraken