#TradingStrategyMistakes Bitcoin is a cryptocurrency that is very popular in the world of finance and technology. What does that mean? It means it's a digital currency, similar to the dollar or euro, but the difference is that it doesn't exist in paper or coin form; it's only available online.

Central banks do not control it, which means that no government or central bank can dominate it or change its value. This is very important for people who value independence in their financial transactions.

So, how does it work? Bitcoin relies on something called "Blockchain," which is an electronic ledger where all transactions made using Bitcoin are recorded. This ledger is not stored in one place; rather, it is distributed across many devices around the world, and each device works on updating this ledger.

When someone sends Bitcoin to someone else, the transaction is recorded in the blockchain, and then it is reviewed and confirmed by the computers operating the Bitcoin network. This process happens by solving complex mathematical problems, and this solution is what confirms the transaction and ensures its security.

The number of Bitcoins will not exceed 21 million units, which makes it scarce, just like gold. People consider it an investment, just like they invest in gold or stocks.

There are many people working in Bitcoin mining, which is done by using very powerful computers to solve the mathematical problems that