What is
Bitcoin?
Bitcoin (BTC) is a decentralised digital currency created in January 2009 by Satoshi Nakamoto. The Bitcoin network operates without a central bank and centralised institutions.
Reasons to NOT buy Bitcoin
1. To get rich quick
Bitcoin is an asset with a volatile price. The club believes the way to earn money is by building, providing value, and working consistently day after day. Just like our club and team work.
2. To launder money
Bitcoin is a terrible tool for money laundering as it keeps a public record of all transactions forever. If you use bitcoin for an illegal activity, understand that you will leave a public trace.
3. To trade for easy profits
There are no easy profits with trading. Trading bitcoin is risky and complicated. The asset is volatile and only professional traders can successfully trade it.
Characteristics of Bitcoin
- Decentralized;
- Full transparency;
- Fast, easy and safe transactions;
- Store of value;
- Privacy;
- Security;
- No need for authorizations from banks or other intermediaries;
Decentralized
The Bitcoin network is maintained by thousands of volunteers from all over the world – including Botev FC fans! They create a global, neutral payment network and a global neutral money that does not depend on any company or country.
Full Transparency
Every transaction is stored on the blockchain technology and this automatically means transparency. People who use Bitcoin can remain anonymous and no one knows any personal or financial information about the particular person, although all transactions are recorded and publicly available.
Fast, easy, and safe transactions
Bitcoin users have the opportunity to send money worldwide with low transaction costs and in just a few seconds! Transactions are Peer-to-Peer (P2P), which means no third party is needed for execution and verification. Unlike the case with the banking system, Bitcoin users do not need any legal documents.
Only 21 Million
Unlike fiat currencies like the the euro and dollar, no one can print Bitcoins. There will only ever be 21 million Bitcoins. Over the years, this increases the purchasing power of Bitcoin.
Security
Bitcoin transactions are secured by cryptography, which is the science of encoding and decoding information. Each transaction is verified by a network of computers using a mathematical process called hashing. Hashing involves applying a function to data to produce a unique, fixed-length code called a hash. Hashes are used to create digital signatures that prove that the sender of the transaction is authorized to spend their Bitcoin.
No intermediaries
Anyone can store bitcoin themselves. You don’t need to rely on a bank to take full ownership of your money and payments. With Bitcoin you can have more control over your financial future!
Use Our ATM To Buy Bitcoin!
Sign Up For Our Newsletter
Subscribe to our newsletter now and be among the first to learn about club innovations!
