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What is BTC? What you need to know in 2 minutes

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BTC = Bitcoin. That simple. It’s the symbol you see on all exchanges, like USD for the dollar or EUR for the euro.

Why people call it “digital gold”

Limited supply: There are only 21 million BTC. Period. There will never be more. That makes it scarce, like gold.

No bosses: No one controls it. Not banks, not governments, nobody. It runs on a network of thousands of computers (called blockchain) that validate transactions.

How does it work?

  1. Transactions are grouped into “blocks”
  2. Miners solve mathematical problems to verify them
  3. The block is added to the (blockchain) chain
  4. Once recorded, it cannot be changed or deleted

BTC vs regular money

Aspect BTC USD
Control Decentralized Central banks
Limit 21M coins No limit
Transfers Instant, no intermediaries Slow, expensive
Censorship Impossible to block Possible

Is it worth investing?

BTC has growth potential. But it’s volatile. Only invest what you can afford to lose. Always consult first.

TL;DR: BTC is digital money without intermediaries, with a limited supply, impossible to censor. That’s why it’s valuable.

BTC4.99%
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