Where the money goes when you buy bitcoin

Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them. Bitcoins can be sent from anywhere in the world to anywhere else in the world. There’s a long list of factors people may point to in an attempt to explain this.

What to Read Next

Jump to. Sections of this page. Accessibility help. Email or Phone Password Forgotten account? Sign Up. Ever wonder where your money goes when you buy Bitcoin?

What is happening?

With the price of the cryptocurrency soaring —and mainstream interest surging —Yahoo Finance recently invited readers to send us their top questions regarding bitcoin and other cryptocurrencies. What the hell is it? In the most general sense, bitcoin is software that forms a decentralized, peer-to-peer payment system with no central authority like the Federal Reserve or U. Maybe a big profit. And maybe a big loss.

Why Invest in Bitcoin?

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Okay you’re buying from someone else in the market. It’s easy to kind of lose track of how this is working because it’s it’s electrifying where the money goes when you buy bitcoin we’ll see the other people but, let’s set here where the giant flea market with how much people that the corner like queen uh theory, am between cash and you’re right around the market, trying to find you know you Buy some big point where you buying from you buying from selling used having running to him in the market.

Queen bases, market that puts a buyer and seller together so when your mind that queen at queen days you’re, not buying it from going box you’re buying from the other guy the other end of transaction, who’s been transmitting a to point base who transforms into you so when you’re buying your buying somebody.

Forgotten account?

Unlike electronic money that wehn through the banking system and is monitored by central banks, bitcoin uses cryptography and decentralized control maintained by blockchains. The surge and volatility of bitcoin this year may be great moneey those who invested early, but it undermines bitcoin’s viability as a currency. My wife’s opinion of me has reportedly decreased by the same. There’s also no interest or dividends. Bitcoin serves as a new kind of currency for the digital era. Transactions are added to «blocks» or the links of code that make up the chain, and each transaction must be recorded on a block. News of bitcoin’s rapid rise was everywhere, including on CNN. It seems silly to some people that one bitcoin can be worth hundreds of dollars. It is no surprise that Bitcoin, a secure, global, and digital currency has claimed the interest of investors. Rather than a currency, bitcoin is being treated more like an asset, with the hope wherre reaping great returns in the future. Yoi Bitcoin buyers are only fooling themselves —. You should do your own research before buying any bitcoins. Thinking of investing in Bitcoin?