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πŸͺ» βΈ¬ ππŽπ‰πŽπ€ππ˜π€π‘ 𝐋𝐄𝐒𝐒𝐄𝐑 π„π•πˆπ‹ 𝐄𝐕𝐄𝐍𝐓 πŽπ‘π†π€ππˆπ™π„π‘ Telegram | DID YOU KNOW?

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Should You Buy Bitcoin?

In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. β€œThe biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. β€œThen it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ β€œside” investments. β€œSome call it a Vegas account,” says Scott Hammel, a CFP in Dallas. β€œLet’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. β€œIf it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.

How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. β€œThis is how new coins are created” and new transactions are added to the blockchain, says Okoro.

πŸͺ» βΈ¬ ππŽπ‰πŽπ€ππ˜π€π‘ 𝐋𝐄𝐒𝐒𝐄𝐑 π„π•πˆπ‹ 𝐄𝐕𝐄𝐍𝐓 πŽπ‘π†π€ππˆπ™π„π‘ from PL

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Created: 2021-10-15

From: POLAND and USA

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