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What is a bitcoin and how does it works

  What is a bitcoin and how does it work Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the  https://www.youtube.com/watch?v=L-Qhv8kLESY

ABOUT BITCOIN

 Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method. https://www.youtube.com/watch?v=41JCpzvnn_0

Bitcoin takes a dive

 Bitcoin’s is taking investors on another wild ride: The biggest cryptocurrency plunged more than 30% at one point Wednesday and 50% from an all-time high of $64,870 reached in April before rebounding rapidly in the afternoon. Helping drive the declines, which wiped $500 billion in market value, were recent moves by China barring use of cryptocurrencies. Another blow, according to Bloomberg, was “cryptic” statements by Elon Musk, whose earlier embrace helped fuel its rise. The Tesla CEO recently suspended its use to buy cars. As one trading executive put it, “The history of these assets has been littered with aggressive rallies and sickening selloffs.” https://www.youtube.com/watch?v=YnMwSMYQwHY