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Good day there,  
  
This is my very first article here so hopefully this gets approved, I am going to share some factors about bitcoin and blockchain.  
  
For those of you who don't know what Bitcoin is let me put it this way, Bitcoin is a currency which can't be managed by any bank or any authorities, it is basically a virtual currency and could be purchased online utilizing real money.So then apart from being a decentralized currency what are its advantages, well you may transfer bitcoin wherever in this world without a lot fees, you will be a hundred% anonymous while doing transactions thanks to a technology called blockchain.So then what is the big thing about this it's possible you'll ask, well let me let you know when it first launched it has absolutely no worth but now 1 bitcoin = 6,689.35 $ that is some fairly impressive growth is not it?.  
  
So how does this thing grow you could ask, well let me let you know how one can maintain a blockchain there have to be something called a ledger where all of the transaction must be noted and to become a block in a blockchain a hashing operate has to be solved and producing bitcoin by solving hashes are called Mining Bitcoin.  
  
To solve the hashing operate typically folks used graphics cards but as time passed by bitcoin bought more tough to mine and dedicated hardware called ASIC miners had been introduced.  
  
So people who spend their time and money to mine bitcoin will be rewarded in bitcoins and as more and more folks become part of this blockchain its value will increase.  
  
so how can I make money with bitcoin, there are two ways  
  
1.you can trade bitcoin/altcoin(any cryptocurrency apart from bitcoin is called altcoin, sure there are literally thousands of them)  
  
2.you possibly can mine them on your own  
  
Both of those methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable sooner or later it may be price 10,000$ and the following day it might drop to a hundred$. Trading essentially means buying bitcoin for real cash and praying that its value will go up and selling it when it has gone up.This approach may be very risky and you may find yourself dropping cash slightly than making any profit.  
  
Otherwise you might select to mine bitcoins, however here is what it's best to consider, mining hardware is super expensive and mining requires numerous electricity,also mining problem is getting higher every single day so that you won't be able to get some profits without high initial investment.  
  
That being said bitcoin trading and mining are two good ways to make money when you know what you are doing.  
  
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