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Investing in Bitcoin can seem complicated, but it is much easier when you break it down into steps. Buying Bitcoin is getting easier by the day and the legitimacy of the exchanges and wallets is growing as well. Key Takeaways The value of Bitcoin is derived from its adoption as a store of value and payment system, as well as its finite supply and decreasing inflation. While it is nearly impossible for Bitcoin itself to be hacked, it is possible for your wallet or exchange account to be compromised.
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He has provided education to individual traders and investors for over 20 years. Article Reviewed on October 10, Gordon Scott Updated October 10, Bitcoin was designed with the intent of becoming an international currency to replace government-issued fiat currencies. Could you and should you invest in bitcoin? You can, and it depends on your appetite for risk.
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Every time. NerdWallet, Inc. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice.
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Bitcoins are used as a medium of exchange from peer-to-peer, and no banks or central government is involved. The numbers of bitcoins that are in circulation at present are 21 million. The bitcoin system was created by an individual or a group of individuals named Satoshi Nakamoto in