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Bitcoin: What You Need to Know

2/23/2018

 
"Unless you’ve been living under a rock for the past five months, you’ve heard the term bitcoin—and you’ve also probably heard how its price skyrocketed in the final months of 2017 and plummeted in the start of 2018. Bitcoin is digital currency that was created in 2009. It is accepted by over 100,000 retailers (although no big names yet), and the transactions are made anonymously, bypassing banking institutions and governments. But lately, most of the hype has been from investors who’ve watched the value of bitcoins surge from $1,000 per coin to almost $20,000 per digital coin—and then down again to $11,000 in a matter of days.(1)
Some think it’s another get-rich-quick scheme. What does that mean for you and your investments? Are bitcoins and other cryptocurrencies the next big thing, or are they just a passing investing fad you need to steer clear of?
Let’s find out."
​https://www.daveramsey.com/blog/what-is-bitcoin
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