What is Bitcoin?

in #bitcoin2 months ago (edited)

So simply Bitcoin is a currency like INR USD EURO but it's totally different from other's. It's a decentralized currency which means no single person or community can control it.

*It has managed to create a global community and give birth to an entirely new industry of millions of enthusiast who invest invest and trade in Bitcoin.

*It is a peer to peer (P2P) transfer currency

*It is used to transfer money from one person to another without any third party banks, like financial institution.

*Bitcoin works on Blockchain technology

*The first Bitcoin was launched in the market on 9 January 2009 by the Bitcoin.org with its white paper.

Founder of Bitcoin

*So in general way Satoshi Nakamoto known as Bitcoin founder, but no one knows the reality of Satoshi Nakamoto it a person or a community.

*Till now nobody knows who is Satoshi Nakamoto, But everybody tells that Satoshi Nakamoto is the inventor of Bitcoin.

Circulation of Bitcoin in market

*Bitcoin is not a unlimited currency which means you can't make as much as you want because it is limited.

*It is limited by its software and total number of coins are 21,000,000.

*Currently 19,624,106 coin are circulating in market till now and last coin will mine in 2140.

Pricing of Bitcoin

*In 2009 January when Bitcoin started circulating in market it's price was .0008$.

*Bitcoin price in first halving 2012-2013 was reach from 12.4$ in December 2012 to 1170$ in November 2013.

*Bitcoin price in second halving 2016-2017 was reach from 535$ in August 2016 to 19400$ in December 2017.

*Bitcoin price in third halving 2020-2021 was reach from 8590$ in May 2020 to 67450$ in November 2021.

Investment in Bitcoin

*Bitcoin is not only in use of sending, receiving or paying for goods, you can just invest in Bitcoin.

*As everybody know Bitcoin is making good growth in market, its growth percentage is higher than any other things in last 15 years.

*Its just beginning of Bitcoin and in future it will just became like a rocket no one can stop it.

*In next 2-3 months Bitcoin can come to its order block level which i have shown in my charts below and its a high chance of Bitcoin to come at 14000$ level.

*So if you want to invest in Bitcoin or any other crypto currency then you have to wait for its right time entry, so that you can earn a good return from your investment.

*We are here to give you knowledge and to give you a right time to invest in crypto market so that you can earn and secure money.

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Technical and future of Bitcoin

*As you have check my post so let me tell you the future of bitcoin in next halving 2024-2025, and how you can multiple your investment in 10X and more.

*As i have explain below in the chart level of Bitcoin in 2020-2021 halving, from where it goes up and why, so do check my chart .

Screenshot-2024-02-12-at-4.51.42-PM-1024x1024.webp

*So at the end of 2018, Bitcoin came to 3121$, when it went above that, it has left order block at 4000$ and liquidity at 3640$ level.

*Bitcoin came at its level of liquidity and order block in March 2020 before it goes bullish.

*So now check my next chart where i have tell the level of bitcoin can came in 2024 next 2-3 months.

Screenshot 2024-02-29 at 11.38.32 PM (1).webp

*There is an order block and liquidity nearby 13900$ levels which has not been taken till now, so Bitcoin will reach the level of 13900$ in next 2-3 months.

*So as for now Bitcoin has to come nearby 13900$ and then it will starts it uptrend and can go to 150k $.

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