Today people are talking a lot about bitcoin some say it is a fraud some say it will be the next big currency.
1.What is Bitcoin:
Basically bitcoin is bitcoin is a digital currency that was created in 2009 It is announced that it is not like a regular money. Bitcoin's money is not held by the bank or the government, the name of this technology is blockchain. People can buy and sell Bitcoin online.
2. Why is bitcoin considered a fraud?
Some people think that bitcoin is a scam basically because its prices go up and down suddenly and change in seconds and there is no government bank regulation. It is not regulated by a central authority like any country or bank. Some hackers hack Bitcoin for their own purposes and some people steal people's money with fake crypto schemes. This does not mean that Bitcoin is a fraud in itself. Just because people don't know much about bitcoin currency and are fooling themselves without experience, it doesn't mean that bitcoin is a fraud in itself, it's just a matter of knowing how to use it.
3. Is Bitcoin Legal/Legit or Not?
Bitcoin is not a fraud in itself, it is a very real technology that has a lot of value for many people. There are chances of loss in it some people earn very good income from it some people also lose and this business all depends on your experience and your research as much as you have experience. to you Investment methods will be well known so that you can earn good profit, then everything has profit and loss.
Conclusion:
There is no fraud in bitcoin but there is a very serious risk so just need to understand how it works and how to use it and it is future money and investment and you are as good as you know
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