What is Bitcoin?


Bitcoin is the first decentralized digital currency that works peer-to-peer without the need for a central bank repository.

This means that there are no transactions fees to be paid to a bank, which is why many see Bitcoin as the future of money.



Here’s another in a series of videos about Bitcoin; this one is pretty entry level, but one thing that stands out is the fact that when it was made in January 2017, the presenter comments that at $963 per coin the cryptocurrency is looking expensive compared to the $200 or so they commanded in 2013 and 2015.

A measure of the volatility of Bitcoin is that today it was trading at $17,203; with stories of people mortgaging their houses to join the feeding frenzy, this is not an investment for the feint hearted.



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