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Bitcoin Questions and Answers (Q&A)

K. Keturah
Answered: Oct 21, 2019
Since the creation of bitcoin in 2009, a lot of cryptocurrencies that look very similar to bitcoin have also sprung up. Although they are designed to operate in a way that looks very similar to...Read More

2 Answers

209 views
P. Halah
Answered: Oct 15, 2019
We need bitcoin because it comes with a lot of benefits. And that is why people are actually investing and making use of the payment system. The fact that bitcoin is a decentralized payment...Read More

2 Answers

208 views
Lizamatthewindia
Answered: Feb 20, 2020
There is a number of Bitcoin wallet available in the market. You can choose the one as per your needs, Although cold wallets or hardware wallets considered much secure, the problem is you can't...Read More

3 Answers

207 views
K. Keturah
Answered: Oct 21, 2019
Mining is an important term in cryptocurrency. It can be called in so many ways. It is known as cryptocurrency mining, crypto-coin mining, or crypto mining. These names are actually referring to...Read More

3 Answers

207 views
K. Keturah
Answered: Oct 21, 2019
Bitcoin is not a Ponzi scheme as most people believe it to be. Most of the time, when I check through the internet, I see different kinds of misinformation linking bitcoin and other...Read More

2 Answers

206 views
K. Keturah
Answered: Oct 21, 2019
It will be a risky thing to do by investing in something you have little knowledge about, and not to talk of when you seem not to have any knowledge about it. Investing in bitcoin when you don't...Read More

3 Answers

205 views
P. Halah
Answered: Oct 15, 2019
There are a lot of services and goods that can be bought using bitcoins. Since the emergence of bitcoin as one of the alternative ways of making payment in the market, a lot of companies have...Read More

2 Answers

203 views
K. Keturah
Answered: Oct 21, 2019
One thing I've come to understand over the years is that there is no single thing that does not come with risk. And things become riskier as you go into the business world. Investing in bitcoin...Read More

2 Answers

203 views
F.Brian
Answered: Jan 19, 2018
Yes the use of bitcoins will become very mainstream in the near future. This is because slowly and steadily, people are recognizing the true worth of cryptocurrencies. They are also acknowledging...Read More

1 Answer

203 views
D. Gray
Answered: May 10, 2018
The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. The Commodity Futures Trading Commission, CFTC, classified bitcoin as a commodity in September 2015....Read More

1 Answer

203 views
K. Keturah
Answered: Oct 21, 2019
A smart contract refers to a form of business agreement between two or more parties by using a piece of computer code to produce a technology known as the blockchain. Blockchain stores data on a...Read More

2 Answers

202 views
P. Halah
Answered: Oct 15, 2019
Bitcoin is not just the best as far as a digital currency is concerned; it is also a great payment system. There are other cryptocurrencies that are still functioning just because they are using...Read More

2 Answers

202 views
H. George, Copywriter
Answered: Feb 26, 2018
For many years it has been common practice when investing in the stock market to invest in a diversified portfolio. The same can now be said for cryptocurrencies such as bitcoin, litecoin and...Read More

2 Answers

202 views
M. Klose, Content Writer
Answered: Sep 13, 2018
A Bitcoin is a type of digital currency which started out as a simple currency. Over the past years, more and more people have started investing in Bitcoin. One Bitcoin now will be enough to help...Read More

2 Answers

201 views
P. Halah
Answered: Oct 15, 2019
I strongly believe that one day, this will be achieved. Although, the recent increasing rate at which people use bitcoins suggests that very soon, payment of all kinds of taxes using bitcoins...Read More

2 Answers

201 views

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