What is Bitcoin (BTC)?

Bitcoin can refer to the Bitcoin software protocol as well as to the monetary unit, which goes by the ticker symbol BTC. Launched anonymously in January 2009 to a niche group of technologists, Bitcoin is now a globally traded financial asset with daily settled volume measured in the tens of billions of dollars.

What is auto bitcoin builder and how does it work?

It’s basically pre-ordering something you want. Auto Bitcoin Builder made up a term called “hyper funding” where they collect funds from many small investors (that’s you) and then pretend to use this money to invest in some mysterious very successful businesses automatically and give you the returns in dollars.

What is a bitcoin transaction?

Transactions - private keys. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.

What is the purpose of bitcoin?

Satoshi Nakamoto, the pseudonym of Bitcoin's creator, stated the purpose of Bitcoin is as an electronic payment system that is based on cryptographic proof, instead of trust. Some holders buy bitcoin as an investment, wanting it to increase in value, while individuals and businesses use or accept payments as currency.