260,002 views
42 votes
42 votes
What's bitcoin? what is it used for? how can I turn it into real money? What are stocks? How can I invest?

User Arg Geo
by
2.8k points

2 Answers

17 votes
17 votes

Answer:

You can't

Step-by-step explanation:

Bitcoin doesn't make you money

instead it takes all your time so they get the money and not you.

User Mnhmilu
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3.5k points
9 votes
9 votes

Answer:

Bitcoin is a form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users.

Launched in 2009 by a mysterious developer known as Satoshi Nakamoto

Bitcoin (BTC) was the first, and most valuable, entrant in the emerging class of assets known as cryptocurrencies.

Bitcoin can be a risky investment, so it's important to think carefully about your goals and your strategy before you decide. While Bitcoin's price has appreciated dramatically over time, not every person who has bought it has gotten a piece of those gains. Because cryptocurrency markets in general are very volatile, it's nearly impossible to find the "right time" to buy or sell — the price could soar moments after you sell, or plummet as soon as you buy.

What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.
There are many ways to convert your cryptocurrency to real cash. Peer to Peer, or online exchanges is available. I think BetCoBit is the best place to convert cryptocurrency at a low price. This is how simple BetCoBit is just login and add money into your BetCoBit account and withdraw that money by choosing different payment methods.
What are stocks?
a share which entitles the holder to a fixed dividend, whose payment takes priority over that of ordinary share dividends.
How can i invest?
To buy crypto, you have to first create an account on a crypto exchange. Practically speaking, it's just like the brokerage platforms you may be more familiar with: Crypto exchanges allow buyers and sellers to exchange fiat currencies—like dollars—for cryptocurrencies like Ethereum, Bitcoin or Dogecoin.

Step-by-step explanation:

That is not as hard as you thought.

User Sachin I
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2.5k points