Bitcoin (BTC) is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Bitcoin is the mother of all cryptocurrencies. If you have invested $500 in Bitcoin in 2010, your stake would be worth more than $337 millions today. Don’t feel bad if you didn’t get in bitcoin then, there is still opportunities to make a killing trading bitcoin. I’m making my clients average of $300/day by telling them when to buy and sell bitcoins.