Crypto Beginner Tip - Day 2: What is Bitcoin (BTC)?
Bitcoin (BTC) is the first and one of the most well-known cryptocurrencies. It allows people to digitally transfer value instead of relying on a traditional bank or central authority.
Bitcoin has a maximum supply of 21 million BTC. This limited supply is one of the important characteristics of Bitcoin.
For beginners, it's also useful to understand the Bitcoin candlestick chart. 📊
A candlestick shows how Bitcoin's price moved during a specific time period. A 1D (1 Day) candle represents one day of price movement.
🟢 Green candle: Price closed higher than it opened. 🔴 Red candle: Price closed lower than it opened.
I'm learning about crypto steadily, so before making any investment, I would once again say: do your own research
So what you guys think?👇 Have your ever used a Bitcoin candlestick chart before?
Before investing in any cryptocurrency, one should do their own research. Check the project's official website, white paper, token utility, and recent official announcements.
Remember: Never invest more than you can afford to lose.