Bitcoin purchase
Many people think that if you want to buy bitcoin, you have to buy 1 bitcoin. However, this is not true. The current market value of 1 bitcoin is about 360 dollars, which is more than 3 lakh Bangladeshi rupees. You can buy less than 1 (fractional amount) bitcoin. Such as 0.01 bitcoin, even 0.001 bitcoin! Basically you can buy bitcoin up to 6 decimal places if you want.
Bitcoin demand
Some people think that the price of Bitcoin never goes down, but goes up. This is a misconception. The stock market can be compared to the market price of Bitcoin. It can decrease or increase at any time.
Transaction tracking
One of the most common misconceptions about Bitcoin is the idea of tracking its transactions. Bitcoin transactions are considered by many to be the most secretive transaction. But the truth is, Bitcoin transactions are not a secret, they are public. Every bitcoin transaction is entered into the blockchain, information that intelligent users can trace in a timely manner. Therefore, it is a misconception that tracking bitcoin transactions is not possible.
Is Bitcoin the only cryptocurrency?
No. Bitcoin is not the only cryptocurrency. Many cryptocurrencies like Stellar, Ethereum, Lightcoin exist in the market. However, Bitcoin is the most popular cryptocurrency.
Bitcoin mining
Now the main source of bitcoin is mining, which is done through a special kind of computer. However, the idea that bitcoin mining is possible on any computer is not correct. Even if it is possible, its profit rate will be doubtful. Bitcoin mining requires a lot of computing power and advanced technology to see the benefits. ...Total bitcoin supply... You may have found information on many websites on the Internet that the supply of bitcoin is limited. This idea is true. The existing system will be able to mine a total of 21 million bitcoins. However, the amount of transactions can be greatly increased through fractions.