Things you should know about bitcoin by steemitgeek

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bitcoin · @steemitgeek · Oct 9 '18

$1.47

Things you should know about bitcoin

Bitcoin is one of the first cryptocurrency that was created in 2009. But if you are a crypto traders or an investors some basic things you should know about bitcoin.

https://i.postimg.cc/XqdJydD5/bitcoin.jpg
<center><a href="https://pxhere.com/en/photo/1437761">Image source</a></center>

* Bitcoin transaction is irreversible, that means you can not cancel a transaction after confirmation.
* All transaction details is stored in the network.
* Buying and selling bitcoin is still illegal in most of the south Asian country.
* The best way to buy bitcoin is in exchange of a product.
* Amount of total bitcoin limited, only 21 millions.
* Bitcoin transaction takes on average 10 minutes.
* Mining company was created due to bitcoin.
* Bitcoin is stored in a wallet, if you loose your wallet then you will loose your coin.
* No one can control your bitcoin wallet unless you loose your private key.


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👍 steemyoda, sleeplesswhale, mmmmkkkk311, steemcreators, mariuszkarowski, thenextbeanthing, carnation, notagain3177, informator, keithshermandd

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@jimbojones · Oct 9 '18

You have some good crypto posts :)

https://steemit.com/bitcoin/@jimbojones/hiring-bloggers-youtubers-website-owners-and-influencers-join-my-crypto-marketing-company ;)

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@sleeplesswhale · Oct 9 '18

re-steemitgeek-things-you-should-know-about-bitcoin-20181009t103757539z

You got a 52.38% upvote from @sleeplesswhale courtesy of @steemitgeek!

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@steemyoda · Oct 9 '18

re-steemitgeek-things-you-should-know-about-bitcoin-20181009t211846558z

The force is with you! You got a 33.33% upvote from @steemyoda courtesy of @steemitgeek!

http://ultraimg.com/images/2018/02/27/n8qb.gif

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