A lot of young enterpreneur has been getting it so hard to invest in crypto currency most espectialy bitcoin.
Alot of young and old age people has been scamed thinking they are investing in crypto market, meanwhile they are not. what they are actualy doing is investing with a company not a crpto market.
Before i get down to the list of what you do not kn0ow about bitcoin i think you need to know what bitcoin actualy is.
What is BITCOIN ??
Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Note that bitcoin is an asset that if sent it is irriversable.
Here are 2 things you do not know about bitcoin and crypto currency markets in nigeria.
The NSA knows who Satoshi Nakamoto is.
The NSA was very curious to find out who the founder of Bitcoin really was—and so they discovered it on their own. Using hardcore analysis of Satoshi’s writing, they were able to find the person behind cryptocurrency. However, they never made his name public.
Losing your private key to Bitcoin means you lose your Bitcoins—all of them.
If you don’t already trade Bitcoins and just like to read any of the best-rated books on Bitcoin or about how blockchain can build a smarter electrical grid, this might be one of the things you didn’t know about Bitcoin.
Bitcoin transactions are done using a public key and a private key. Your private key is the link that allows you to keep your Bitcoin wallet private and secure. No private key means you can’t access the Bitcoins stored using that address. Scary, huh? On top of that, one of the things that no one tells you about investing in cryptocurrency is that it’s pretty easy to get hacked out of your Bitcoin.