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Digital currencies like bitcoin might be all the rage right now but is it wise to invest your money in this asset? The concept of digital monies that people send online is not that complicated in itself. Cryptocurrencies, like bitcoin, are a form of payment that uses blockchain technology to send data in cyberspace. Each bitcoin must be mined via computational means.It is finite – only 21 million bitcoins that can be mined in total.

An investment involves either investing money into an asset or putting money aside into a bank account to accumulate interest in the future. Money plays an important role in society today and making a smart decision in investing at an early stage in your life can be a huge lifesaver. When you invest your money you are potentially building and creating a future for yourself. The main purpose of an investment is to increase the amount of money that you currently have over a period of time. An investment is anything from stocks, bonds, mutual funds, annuities and property.

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