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Cryptocurrency Q&A

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KimonoElegance KimonoElegance Tue Mar 26 2024 | 7 answers 1729

What is Bitcoin (BTC)?

Could you possibly explain what Bitcoin, or BTC, is in layman's terms? I've heard a lot about it recently, but I'm still a bit hazy on the details. Is it just a form of digital currency, or is there more to it than that? How does it work, and why is it so popular? I've also heard about its volatile price swings, is that true? And finally, how does someone go about getting involved in Bitcoin? Any advice would be greatly appreciated.

What is Bitcoin (BTC)?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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