What Is Bitcoin? How to Mine, Buy, and Use It



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Is Bitcoin a Good Investment?

Bitcoin has a short investing history filled with very volatile prices. Whether it is a good investment depends on your financial profile, investing portfolio, risk tolerance, and investing goals. You should always consult a financial professional for advice before investing in cryptocurrency to ensure it is right for your circumstances.


How Does Bitcoin Make Money?

The Bitcoin network of miners makes money from Bitcoin by successfully validating blocks and being rewarded. Bitcoins are exchangeable for fiat currency via cryptocurrency exchanges and can be used to make purchases from merchants and retailers that accept them. Investors and speculators can make money from buying and selling bitcoins.


How Much Is $1 Bitcoin in U.S. Dollars?

As of Nov. 22, 2022, $1 Bitcoin is equal to $15,766 U.S. dollars.

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How Many Bitcoins Are Left?

The total number of Bitcoins in existence is 19,214,106.25. The number of Bitcoins left to be mined is 1,785,893.8 as of Nov. 22, 2022.

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The Bottom Line

Bitcoin was the first cryptocurrency and is intended to be used as a form of payment outside of legal tender. Since its introduction in 2009, Bitcoin's popularity has surged and its uses expanded, resulting in the creation of many new competitor cryptocurrencies.


Though the process of generating Bitcoin is complex, investing in it is more straightforward. Investors and speculators can buy and sell Bitcoin on crypto exchanges. As with any investment, particularly one as new and volatile as Bitcoin, investors should carefully consider if Bitcoin is the right investment for them.


Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.


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