7 Things to know before trending Bitcoins in Nigeria.

•Bitcoin Is a digital currency, without a centeral Bank or single administrator, that can be sent from user-to user on the peer to peer Bitcoin network without the need of intermediaries.
          Simple definition by Kajum.B.Samuel, define Bitcoin is a decentralized, noncenteral bank, end to end digital encrypted currency, or computer store value, that deal with peer to peer user in a Bitcoin data system. Bitcoin are computaly transacted without cheque or ATM, they are non banking currency.
                 7 Things you have to know before starting Bitcoin online business:
•Buying bitcoins in your computer or mobile device: Bitcoin can be purchased on various platform and not all of them are reliable.
•Device or Wallet security: Bitcoin store in a wallet as you save your money in the bank, but not all bitcoins wallet are secure, even Thor you install the application in a play tore, "Fake bitcoins wallet can be ocoure base on devolopers. Make sure that you have a strong alphanumeric password, and back up to your google account.
•Price Volatility: The limited Supply of bitcoins, make it very volatile in price, when a change in price occurs, because bitcoins can gain or lose in a very few hours.
•Halving: A halving decrease the block rewards of bitcoins by half once, every 4 years, until all the 21 millions Bitcoin are in circulation, it's an anti-inflation measure, which also impact the price of the coins, before and after the event.
•Inanonymous: Bitcoins transaction don't come with eny personal information, but the Bitcoin address use in the transaction are public. Which can resolve to account hacking by scammers.
•Inacepted Currency: Bitcoin are not everywhere accepted, while it's the most popular crypto, not all online services accept bitcoins as a form of payment.
•Taxability: Bitcoins is not a legal tendancy, it is still treated as an investment, which means that it's taxable.
                                       

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