ASADI-CRYPTO

Bitcoin is a virtual currency, also known as cryptocurrency. Here are some key points about Bitcoin:
Key Features of Bitcoin
Virtual Currency: Bitcoin does not exist in a physical form; it is purely digital.Cryptocurrency: It is secured using cryptographic algorithms.Open-source Software: Bitcoin is based on open-source software, meaning anyone can develop it, but its total supply is limited.
Using Bitcoin
Storage: Bitcoins can be stored on a mobile or computer by downloading and installing applications from the cloud.Buying and Selling: Bitcoins can be bought with local currencies through various exchange platforms and Bitcoin ATMs.Global Acceptance: Bitcoins are accepted in many countries worldwide, but trading them is illegal in Nepal.
Bitcoin in Nepal
Illegal: Trading Bitcoin is illegal in Nepal. The Nepalese government does not recognize transactions in any currency other than the Nepalese rupee.Legal Actions: Those caught trading Bitcoin illegally in Nepal face legal consequences.
Bitcoin in Other Countries
Japan: Japan has recognized Bitcoin as a valid method of payment.China: China has completely banned Bitcoin, instructing the closure of cryptocurrency exchanges.
History of Bitcoin
Origin: Bitcoin was launched in 2009 by an individual or group using the name Satoshi Nakamoto.Growing Use: Initially used for online games, Bitcoin gained popularity among online workers and its demand steadily increased.
Other Popular Cryptocurrencies
Red Coin: A cryptocurrency used for special occasions.Siacoin: A widely used cryptocurrency with increasing value.Syscoin: A revolutionary cryptocurrency for zero-cost financial transactions.Voicecoin: Designed for emerging musicians.Monero: A cryptocurrency known for its security, often used on the dark web and black market.$BTC #bitcoin #Binance #Write2Earn

This was supposed to be the year that cryptocurrencies went mainstream. Instead, bitcoin collapsed by more than 30% starting in October, inflicting huge losses on investors who had piled into crypto exchange-traded funds at a record pace just months before. What drove that massive selloff? And is the long-term bull case still in play?
We sat down with Matthew of digital assets research at VanEck, who shared his view of the catalysts for this year’s “crypto mini winter,” along with the long-term forces he expects to continue driving crypto adoption.
Prior to joining VanEck, Sigel was a widely followed strategist at CLSA. He walked us though the drivers of the bitcoin selloff, especially the leverage-driven selling that led what he called the largest single liquidation event in crypto history. “There is more pro-cyclical reflexivity with bitcoin, and crypto selling can beget more selling,” he says.
In the longer term, Sigel’s bullish take focuses on growing worldwide applications for cryptocurrencies, the diversification that the coins provide against the dollar and other traditional currencies, and tie-ins with artificial intelligence data centers. Despite the plunge in crypto prices, “long-term investors are increasingly willing to stomach bitcoin’s challenging volatility, [which] is proof of how many other appealing features the asset must have,” he asserts.
Morningstar’s Jeff Ptak has warned that the returns investors could gain from crypto ETFs can greatly diminish due to mismatched timing and sales. Morningstar’s view is that cryptocurrency should constitute just a small slice of a diversified portfolio for investors who intend to hold onto it for at least a decade before selling.
$BTC #StrategyBTCPurchase