Hey guys welcome to snippit you ask we answer this is your host kiran varma signing in today we are going to checkout few asked questions here we go Hoe do Bitcoin work? Bitcoin is a digital currency which will be working on the bases of Person to person which will be automatically updated in a public ledger where transaction can be seen by anyone in the world, by a technology called block chain How do you earn bitcoin ? To earn a bitcoin first of all you need to have a digital wallet where you can download or you can create an account directly using the wallets or you can visit the faucets where you can get small amount of bitcoin which you can be able to transfer it to your wallet when ever you want or you can directly purchase a bitcoin by person to person in the real-time world can you can convert bitcoin to cash? offcource you can convert bitcoin to cash by person to person well you can reach out a person where you can directly convert bitcoin for cash at the price at that point of time market rate and purchase ratio
Are Bitcoins legal? according to this there are no certain thing might happen in further past but right now in the current existence there are some countries legalized bitcoin and digital coins you can consider this countries as an example one china and other is india Can you loose money on bitcoin? you might loose money in bitcoin depending upon the time you have purchased well the price ratio will be fluctuating every second but in the cases of heavy fluctuation in the market going down at that point of time if you need money and if your converting bitcoins to cash yes sure you are going to loose the money but if you keeping as a long term saving or as a investment surly would be loosing that much of the money well you can gain in some point of time it can turn into profits so yes depending upon the market risks you can loose money and also some times you can make lot of money well this are some of the most asked questions thank you for tuning in if you like the video please make sure you hit that like and share button and if you like to watch some more videos please make sure you hit the subscribe button and bell icon so that you can get notified when ever we upload a new video than you for watching your watching snipit you ask we answer your host kiran varma signing off see you in other video peace out
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