What happened to bitcoin?

After a tough year for cryptocurrency in general, Bitcoin has slumped to its current price of just under $17,000. Hacking concerns. While backers say the blockchain technology behind Bitcoin is even more secure than traditional electronic money transfers, there have been a number of high-profile hacks.

Why should you invest in Bitcoin?

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What is Bitcoin (BTC)?

BTC definition: What is Bitcoin? Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network.

How secure is bitcoin?

With a few simple precautions in place, holding bitcoin is extremely secure. The vast majority of instances of bitcoin being “stolen" involve the victim mistakenly sending it to the attacker rather than a bitcoin wallet being hacked or stolen. Read more: How to avoid the most common Bitcoin fraud attempts.