Bitcoin value and security
Why are Bitcoins valuable?
There are lots of things other than money which we consider valuable like gold and diamonds. The Aztecs used cocoa beans as money. Bitcoins are valuable because people are willing to exchange them for real goods and services, and even cash.
Now the question arises that Why do people want Bitcoins? Some people like the fact that Bitcoin is not controlled by the government or banks. People can also spend their Bitcoins fairly anonymously. Although all transactions are recorded, nobody would know which 'account number' was yours unless you told them.
is Bitcoin secure?
Every transaction is recorded publicly so it's very difficult to copy Bitcoins, make fake ones or spend ones you don't own. It is possible to lose your Bitcoin wallet or delete your Bitcoins and lose them forever. There have also been thefts from websites that let you store your Bitcoins remotely. The value of Bitcoins has gone up and down over the years since it was created in 2009 and its price is extremely volatile which means that the value of bit coin could drop significantly at any moment and investors could lose a lot of money.
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