Bitcoin (BTC) is the world's first decentralized digital currency, created in 2009 by Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive Bitcoins without intermediaries like banks.
Key Features
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- *Decentralization*: Bitcoin is not controlled by any government or institution.
- *Security*: Transactions are secured through cryptography and recorded on a public ledger called the blockchain.
- *Limited Supply*: The total supply of Bitcoin is capped at 21 million.
How Bitcoin Works
1. *Mining*: New Bitcoins are created through a process called mining, where complex mathematical problems are solved.
2. *Transactions*: Users create transactions and broadcast them to the network.
3. *Verification*: Transactions are verified by nodes on the network, ensuring the sender has the necessary funds.
4. *Blockchain*: Verified transactions are added to the blockchain, a permanent record of all Bitcoin transactions.¹
Advantages and Disadvantages
*Advantages*
- *Security*: Bitcoin transactions are secure and irreversible.
- *Decentralization*: No central authority controls Bitcoin.
- *Limited Supply*: The total supply of Bitcoin is capped, preventing inflation.
*Disadvantages*
- *Volatility*: Bitcoin's value can fluctuate rapidly.
- *Security Risks*: If a user's private key is lost or stolen, their Bitcoins can be lost forever.
- *Regulatory Uncertainty*: The regulatory environment for Bitcoin is still evolving and can be unclear.²
Current Market Status
As of April 8, 2025, Bitcoin's current price is $77,708.01, with a market capitalization of $1.65 trillion.³#RiskRewardRatio #StopLossStrategies #BTCvsMarkets