What is the truth about bitcoin?

Asked By: Larisa Kibe

Available Answers: 6

Answer #1#
Aurangabad, India

Bitcoin's purpose is not to recruit new participants. Bitcoin will continue to work regardless of how many participants are using the network. New users joining the Bitcoin network do not fund the older users with new money. There are no centralized bodies funneling money to the top.

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Answer #2#
Virginia Beach, United States

Cryptocurrency is digital money. go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.

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Answer #3#
Jodhpur, India

A collective insanity has sprouted around the new field of 'cryptocurrencies', causing an irrational gold rush. I know you're tempted, but don't be

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Answer #4#
Varanasi, India

The fact that large companies and now international banks are betting on bitcoin is just one more way of bringing closer that moment of truth:

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Answer #5#
Kansas City, United States

Bitcoin was meant to serve as digital cash—yet it's rarely used as a means of payment, with most holding the cryptocurrency for speculative

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Answer #6#
Hyderabad, India

Here's the truth: If you can't explain an investment to a seventh grader, don't put your money in it. Your family and your retirement are too

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