Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money – it can be exchanged for traditional currencies such as the U.S. dollar, or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

BTC is the abbreviation for bitcoin. Bitcoin is the first Cryptocurrency. Bitcoin is digital money that allows secure and seamless peer-to-peer transactions on the internet.

You can make money by buying bitcoin low and selling high, or losing money in the reverse plan.

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