Bitcoin is the first cryptocurrency that has a blockchain-based structure. For this reason, it is considered the first generation of cryptocurrencies, and it can be said that the birth of Bitcoin was a huge revolution in the field of financial exchanges and investment strategies. Bitcoin is also known as the king of digital currencies. The different and positive features that Bitcoin showed compared to traditional financial systems caused the price of Bitcoin to rise from $0 to $69,000 in 2021 in just a decade of activity.

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Since Bitcoin was the first known digital currency in the world, it paved the way for the emergence of other digital currencies. Many other cryptocurrencies such as Ethereum and Tether were able to help the evolution and development of blockchain technology and the ecosystem of digital currencies with the aim of eliminating the shortcomings of the Bitcoin system and providing new ideas in this field.

What is Bitcoin?

Bitcoin is a cryptocurrency that was launched in 2009 by an unknown person or group. This person or group known as Satoshi Nakamoto introduced Bitcoin digital currency to the world with the abbreviation BTC. Satoshi Nakamoto designed the Bitcoin currency with a blockchain-based structure.

Blockchain is a chain of blocks, each of which contains uneditable information and is never destroyed. These block chains were used in various industries after the introduction of Bitcoin. Bitcoin has a decentralized nature in the sense that it is not dependent on a specific person or organization and is not directly supported by any organization or group.

Also, Bitcoin is not dependent on a specific geographical point, and therefore, any person anywhere in the world, if connected to the Internet, can buy or sell Bitcoin or make other financial transactions using this cryptocurrency.

Features and use of Bitcoin

Some of the most obvious features and applications of Bitcoin are as follows: The fact is that in order to use the Bitcoin blockchain, make financial transactions and buy Bitcoins, there is no need to open an account and perform processes similar to what happens in banks. Bitcoin transactions are confirmed by nodes, which are basically the same computers operating in different parts of the world. These nodes are also responsible for mining new bitcoins and creating them.

Bitcoin is a peer-to-peer currency. This means that all transactions between people are done directly and person-to-person without intermediaries.

Buying bitcoins from exchanges

If you have not worked in the field of digital currencies before and you are planning to enter this field by buying Bitcoin for the first time, the first thing you should do is to get a suitable cryptocurrency wallet for yourself. For this, it is necessary to get enough information about cryptocurrency wallets and then decide which is the most suitable cryptocurrency wallet for you.

After choosing and preparing a suitable wallet, you can visit a reputable exchange such as Expoto. Exbito exchange, in addition to the convenient facilities it provides to users for exchanging digital currencies, is a secure and up-to-date platform for knowing the price of Bitcoin and other cryptocurrencies.

Bitcoin price and its real value

In general, there are 21 million bitcoins in the world, of which 19 million are currently in circulation. This issue has caused the absence of inflation in Bitcoin and its value increase in the short period of activity of this cryptocurrency. In 2011, the price of Bitcoin reached $1.06, but at that time, many people did not monitor the price of Bitcoin seriously.

In fact, many people did not believe that Bitcoin would make significant progress in the not-so-distant future. But it didn't take long for the price of Bitcoin to reach $24,000 in 2020. This price increase continued until the beginning of 2021, so that in the first month of this year, the price of Bitcoin reached $32,700. But the progress of Bitcoin price did not end here and in April 2021 (May 1400), Bitcoin reached its highest price of $64,000.

Trading Bitcoin with Tether and Rial in an online exchange

Currently, due to the fluctuations that occurred in the price of Bitcoin, and also due to the developments that occurred in the amount of selling and buying Bitcoin, the transaction of Bitcoin with Tether has become more prosperous because people avoid accepting the risk of holding Bit. Coins were exchanged for Tether.

These events had a great impact on the value of Tether and caused more people to exchange Bitcoin with Tether and Rial. In Exbito exchange, people can view the amount of Bitcoin that can be bought or sold in Tether or Rial equivalent and decide and take action on the transaction.

The top cryptocurrency of the crypto market

To date, the most legendary cryptocurrency in the crypto world is Bitcoin. Although recent events have caused fluctuations in the price of Bitcoin and changes in the number of its fans, it can be said that Bitcoin still has its own fans even with the entry of a large number of cryptocurrencies into the crypto world and is known as the top cryptocurrency in the crypto market. .

Various types of technical analysis, fundamental analysis and many important points of investment strategy are necessary to examine the near future of each of the cryptocurrencies of the crypto market. Therefore, whether working with the top cryptocurrency of the crypto market or trading with new currencies, they all need to acquire sufficient knowledge in this field.