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Should I Buy Bitcoin?

Should I Buy Bitcoin?

Bitcoin is a form of cryptocurrency, also known as BTC. This digital currency is used for trading, investment, and to buy and sell assets similar to the US Dollar. Buying bitcoin is easy and many businesses now accept Bitcoin Cash. However, it operates outside of the central banking system, with no arbiter over its function. It's a 'decentralized' form of currency, just like other cryptocurrencies including Ethereum, Litecoin, and Ripple.

Bitcoin is the most popular of all digital currencies and the price of Bitcoin has been on a steady rise since its genesis in the early 2000s. It first made major news headlines in December 2017 when it reached a peak value and then promptly plummeted to nearly zero value. Despite Bitcoin's unpredictability, many investors buy in to the cryptocurrency market as a way to diversify their overall assets.