Читать книгу Cryptocurrency All-in-One For Dummies - Peter Kent, Kiana Danial - Страница 73

Here are some main features of Bitcoin:

 Bitcoin’s trading symbol is BTC.

 Bitcoin is mineable.

 Coin creation occurs through proof of work (PoW; see Chapter 2 of this minibook).

 Transaction time is between 10 minutes and 24 hours.

 Transactions aren’t fully anonymous.

 Bitcoin is decentralized.

 Mining Bitcoin requires a lot of (wasted) energy.

Because Bitcoin has been the superstar of all cryptocurrencies, it tends to pull the entire market along. Generally speaking, the whole market sentiment follows the volatility of Bitcoin in longer-term time frames (with many past exceptions). You can use this piece of information in technical analysis for investing, as covered in Book 5, Chapter 10. Head to Book 3 to find out more about Bitcoin.