Is bitcoin backed by real money?
Bitcoin is not backed by any asset. This should be intuitive because Bitcoin is not controlled by any person…
How does Bitcoin become actual money?
The process is the same as currency exchanges in the airport of a foreign country. You deposit your bitcoin…
What does Bitcoin do with money?
What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The…
Where does the money go when you buy bitcoins?
Where does the money I buy with Bitcoin go to? It goes to the person or the exchange that sold you the…
Can Bitcoin ever be shut down?
No single entity like a government, an organization, or an individual can hack or even shut down Bitcoin.…
Who is the richest in Bitcoin?
How Much Is Satoshi Nakamoto Worth? Nakamoto reportedly holds 1 million bitcoins.Who is the owner of 1…
What is bitcoin used for?
What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The…
Where does your money go when you buy bitcoin?
Where does the money I buy with Bitcoin go to? It goes to the person or the exchange that sold you the…
Is Bitcoin is a good investment?
Bitcoin is extremely volatile and high risk. It's certainly not a good idea to invest all of your savings in…