{"id":5876,"date":"2020-10-16T06:40:00","date_gmt":"2020-10-16T05:40:00","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=5876"},"modified":"2021-06-15T10:49:22","modified_gmt":"2021-06-15T09:49:22","slug":"is-it-time-to-invest-in-bitcoin","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/is-it-time-to-invest-in-bitcoin\/","title":{"rendered":"Is it time to invest in Bitcoin?"},"content":{"rendered":"

If you’ve considered investing in stocks and shares over the last decade, the chances are that you’ve at least flirted with the idea of Bitcoin. But what exactly is Bitcoin? Is it safe? And is now the time to invest?<\/p>\n

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What is Bitcoin?<\/h2>\n

Bitcoin is a cryptocurrency that can be used to pay for goods or services from an increasing number of small merchants and large businesses or can be traded for other currencies, such as GBP and USD or other cryptocurrencies.<\/p>\n

You can also hold onto it as an investment.<\/p>\n

How does Bitcoin work?<\/h2>\n

Each Bitcoin is actually a computer file that’s stored in a ‘digital wallet’ app, usually on a smartphone or computer. You can send Bitcoins or part-Bitcoins, to your digital wallet, other people, merchants or businesses. Each transaction is recorded in a public list called the blockchain.<\/p>\n

Is Bitcoin safe?<\/h2>\n

Although Bitcoin is secure and safe to use, the Bitcoins you buy are only as secure as the wallet you store them in. If your Bitcoin is stolen, the nature of the currency means that it could be much harder to return and trace.<\/p>\n

If you’re looking to buy or invest in Bitcoin, consider the following wallets:<\/p>\n