Bitcoin was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. The true identity of the creator(s) of bitcoin remains unknown to this day.
Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries such as banks or financial institutions.
Bitcoin's supply is limited to 21 million coins, which are expected to be fully mined by 2140. This makes bitcoin a scarce asset and can potentially drive up its value.
Transactions on the bitcoin network are recorded on a public ledger called the blockchain, which is maintained by a network of nodes or computers around the world.
Bitcoin transactions are pseudonymous, which means that the identity of the sender and receiver is not revealed publicly, but the transaction details are recorded on the blockchain.
Bitcoin can be stored in a digital wallet, which can be accessed through a private key. It's important to keep the private key secure as anyone who has access to it can control the funds in the wallet.
Bitcoin's price is determined by market demand and supply, and can be volatile, with significant price fluctuations in short periods of time.
Bitcoin has inspired the development of other cryptocurrencies and blockchain-based applications, and has been adopted by various businesses and individuals around the world.
Bitcoin has faced regulatory and legal challenges in some countries, with some governments and financial institutions expressing concerns about its use in illegal activities and lack of oversight.
The use and adoption of bitcoin is still evolving, and its long-term future and potential impact on the global economy remain uncertain.
#BitcoinETFs! #BTC update: Matrixport’s latest report released a view that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in the Q2 of 2024. 👀
It also predicts that the price of $BTC will go to 36k$ to 38k$ .
Wishing our amazing hallmark a year filled with bullrun,1000x,success, prosperity, and endless opportunities to make $. Let's make happier year for our community!
Tip for Crypto users for security and safety. Follow this rules and you will increase your chances to lose money or trap. #TippingSupport
1️⃣FTX collapse showed us, it's better not to keep all of your assets in one place. I mean not only exchanges, but wallets as well. #FTXCase
2️⃣UST collapse showed us it's better spread your money in different stablecoins. Separate your balance between USDT, BUSD, USDC.
3️⃣While searching in Google, always check for "Ad" mark. Scammers are creating the copy of original platforms and promote them with google ads. Users give their data and lose access to accounts & money.
4️⃣When you swap cryptocurrency or confirm the transaction, always read what you are confirming.
5️⃣If someone sent you a seed-phrase from trust wallet, which stores money, it's a 100% scam. Such wallets do not charge commisions. While transferring money to this wallet, they can be automatically transferred to another wallet with a smart-contract.
6️⃣If Channel admin contact you in private message - always check! For this you need to go in the description of the channel and click on username which specified in the description.
7️⃣Scammers like to create groups and invite people there, they can pretend to be a trustful project. But instead of original links you will receive a phishing links.
8️⃣Another scammer's trick - scammer will communicate with you, earn your trust and then will send you links to scam websites, which will steal your assets.
9️⃣For each purpose you neet to have a different wallet. One for airdrops, which keeps a bit of assets to confirm the transactions, one to store BTC, and so on
These rules are made of lost millions. So do not repeat others mistakes.
Gist of Bitcoin ETF Updates if you missed: A summarized post about ETF that has happened. #BTC #etf
✔️BlackRock named JP Morgan and Jane Street as authorized participants for its spot ETF.
✔️Invesco Galaxy files its 4th amendment to its spot Bitcoin ETF with the SEC.
✔️ Fidelity and WisdomTree filed amendments to their spot #Bitcoin ETFs with the SEC.
✔️Bitwise filed its third amendment to its spot Bitcoin ETF with the SEC.
✔️ Valkyrie filed its fifth amendment to its spot Bitcoin ETF with the SEC.
✔️Spot Bitcoin ETF applicant VanEck releases a new Bitcoin commercial.
✔️ Coinbase says it has extensively prepared for Spot Bitcoin ETF approval.
✔️ Bitwise Bitcoin ETF Secures $200 Million in Seed Funding.
In short Bitcoin ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than cryptocurrency exchanges.