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Bitcoin is the first cryptocurrency to hit the market. Since its release back in 2009, it’s been growing both in terms of amassing a wider audience and evolving to better fit the needs of its users. Despite its pretty large following nowadays, not everyone is too familiar with all aspects of Bitcoin. The cryptocurrency can still feel like a big mystery to some, and it’s understandable why so many people are unfamiliar with some of the basics. The main reason for this is the lack of information surrounding Bitcoin in its early days. Thankfully, learning more about Bitcoin is a breeze these days, and with that in mind, here are some interesting things you might not have known about Bitcoin.
Bitcoin Trading Is Pretty Easy
As we already mentioned, finding accurate information about Bitcoin online wasn’t the easiest task back in the day. Crypto technology was a very new thing at the time, and most people weren’t familiar with the ins and outs of how to find it, let alone use it. As a result of this, a lot of misinformation about Bitcoin started circulating in all types of media. People made hasty assumptions about what Bitcoin was, and unfortunately, in most cases they were negative. As you can imagine, this deterred a lot of them from giving Bitcoin a second glance.
One thing we can be thankful for right now is that most of this is in the past. Getting accurate information on Bitcoin now takes only a few minutes, and what’s better, this abundance of information online right now is a gold mine for traders! Whether you’re a newbie or a Bitcoin trading veteran, there are hundreds of guides online that can ease you into the process and help you better track and maximize your profits. Of course, the addition of many Bitcoin trading platforms that simplify the process even further isn’t a bad thing either.
Bitcoin Still Holds the Top Spot
It’s been over a decade since Bitcoin was released, and in that time, the legendary cryptocurrency has inspired the birth of more than a few new ones that you might be interested in. A recent addition to the roster is the coin by yuanpaygroup. Looking to get government backing from China, this innovative payment solutions company is looking for investors that could end up with a pretty hefty payday if everything goes well. Of course, this exciting new cryptocurrency isn’t the only one that’s followed in the footsteps of Bitcoin, but it might be the only one with a chance to overthrow it!
Unsurprisingly, Bitcoin is still the top dog in the cryptocurrency market. While there certainly are quite a few popular Bitcoin alternatives out there, none of them have the same level of popularity, nor the raw money-making potential that Bitcoin sports. A few of the other popular cryptocurrencies you might run into nowadays include names like Litecoin, Ethereum, Chainlink, and Tron. All of these carry with them some excellent qualities that you might want to familiarize yourself with, but if you’re looking to invest, we’d still recommend going with the best option.
You Can Earn Bitcoin by Gaming
In the last two decades, video games have become a pop-culture staple. Gaming itself is now so popular that it’s currently one of the most popular activities people partake in around the globe. Seeing its incredible growth over the years has been a wild journey, but what’s even wilder is the fact that earning Bitcoin by playing video games is a real option! It’s not much of a surprise to see Bitcoin jump in on the gaming trend, and it’s not the first time either.
One of the more popular ways people try to get their hands on Bitcoin is through gambling. While these games certainly have top-notch entertainment value and have the potential to grant players big prizes, not everyone is a fan of the risk that comes with them. Of course, this doesn’t do much to deter players from visiting online casinos and trying their luck anyway! Unsurprisingly, this method has become so popular that you can now find online casinos specifically designed foot Bitcoin enthusiasts, appropriately dubbed Bitcoin casinos.
Taking a gamble might be the right option for some, but most people would rather not take their chances. Thankfully, there is another option. Bitcoin games have been gaining quite a bit of traction lately. These titles are based on classic video games and don’t require a deposit! While they might not boast the same quality as some of the best games out right now, they do quite well for themselves, especially considering they offer players Bitcoin as a reward for progressing through the levels!
