Introduction to Cryptocurrency
1. What is the first Crypto currency? Answer: Bitcoin
2. Who is the creator of Bitcoin? Answer: Satoshi Nakamoto
3. Is Bitcoin secure? Answer: Yes
4. Is Bitcoin in bubble? Answer: Depending on how you look at it, just like all other investments, such as stock, real-state, gold, silver, antiques and so on. “If you believe it has value, you buy it. If you don’t believe it, it is a bubble! If you really hate it, go on the market and short it!”
5. Is Crytocurrency technology applicable to our world? Answer: Yes, the fundamental technology is called “Blockchain“, which it is revolutionary and solid.
7. Is legal to use Bitcoin or other crytocurrencies in my country? Answer: Here is the link to check.
8. Is Bitcoin free? Answer: No, you either mine or buy.
9. How to mine Bitcoin?
- Physical Mining: https://99bitcoins.com/beginners-guide-to-mining
- Cloud Mining: https://www.bitcoinmining.com/best-bitcoin-cloud-mining-contract-reviews/ Note: Be careful of scams, and do your homework before investing your money!
10. Is mining profitable? Answer: Depends, please check the calculator before you invest.