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    Author Topic: What you need to understand about Bitcoin  (Read 665 times)
    Sky_T (OP)
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    July 08, 2024, 12:27:03 PM
     #1

    Before getting started with Bitcoin, there are few things you actually need to understand. First you need to know that the Bitcoin ecosystem allows you to exchange and transact money in so many different ways than you normally do. so before using Bitcoin for any serious transaction, you should be well knowledgeable about how the Bitcoin system works and be fully aware of the problems associated with the fiat system.

    Also note the following
    1. Note that Bitcoin transaction are irreversible. Therefore one need to be extra careful while doing transaction.
    2. The price of Bitcoin is still volatile i.e it does not have a fix price for it market price.
    3. It requires your own effort to protect your Bitcoin.
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