What is Bitcoin? How to trade bitcoins? How can you stand a business with bitcoins?

Have you heard of Bitcoin? Well it doesn't matters if you have heard of bitcoins or not because I will explain you what bitcoins really are and how to trade bitcoins. So let's start.


Bitcoins are actually virtual cryptocurrency. It means that neither we can see it nor we can feel it. It's basically a digital currency which can be used to buy anything on Internet. The value of one bitcoin changes everyday. In the present one bitcoin has a value of about 56,545USD and can vary in future. And don't think bitcoins are so costly, it's not necessary you have to buy minimum of 1 bitcoin only. No you can buy 0.2 bitcoins also and so on. This was all about what a bitcoin is.


Now, how can you trade bitcoins? You can buy and sell bitcoins in many popular websites like ZebPay and Unocoin. They are also available in mobile with their apps on Google Play Store so you can also buy and sell bitcoins from your mobile. You have to first sign up in these websites or applications and submit some details like phone number, voter id card, pan card etc, and then your account will be activated in 24 hours. After that you can deposit your money through your bank to the balance of these websites or apps and then you can buy bitcoins.


Now, how can you stand a business of bitcoins? Do you know what was the value of bitcoins in 2010? It was only 0.06USD. So have you thought of the profit that the people made who had bought bitcoins in 2010 and are selling them now. Just imagine! Just like that you can also make this much profit. You know, the value of bitcoins are going to rise more in the future. So you can buy bitcoins now and can sell them in future when you see that you are getting a good profit. Suppose you bought 0.018 bitcoins that is worth of 1,000 USD and sell them in future. Suppose in future you saw that the value of 0.018 bitcoins has became 3,000 USD then sell them and make a profit of 2,000 USD. So it can be a good investment.


This was all about bitcoins. Hope you liked it.

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