Bitcoin is a *decentralized digital currency* that was launched in 2009 by an unknown person known as "Satoshi Nakamoto". It relies on *blockchain* technology that allows for secure and transparent transaction recording without the need for intermediaries like banks.
How does Bitcoin work?
- Bitcoin is traded through a global network of computers.
- Every transaction is recorded in the blockchain.
- There is no central authority controlling it, giving it a free and censorship-resistant nature.
Ways to profit from Bitcoin for beginners
1. **Direct investment**
- Buy Bitcoin and hold.
- The profit comes from the price increase over time.
- Requires opening a digital wallet like *Coinbase* or *Binance*.
2. **Day trading**
- Buy and sell Bitcoin in short periods to take advantage of price fluctuations.
- Requires understanding the market, analytical tools, and a clear strategy.
#3. *Mining*
- Use powerful devices to solve mathematical equations that verify transactions.
- The miner receives a reward in Bitcoin.
- It's expensive and requires technical knowledge, but it is no longer profitable for beginners due to high competition.
4. **Working for Bitcoin**
- Some websites and platforms pay for services or skills in Bitcoin.
- Example: writing, design, programming, or translation.
Tips for beginners
- Start with a small amount* that does not affect your financial situation.
- Learn the basics of technical and fundamental analysis*.
- Use secure wallets* and beware of fake links.