Bitcoin

Bitcoin is a type of money that exists only on the internet. You can use it to buy things online or exchange it for other currencies. Unlike traditional money, Bitcoin is not controlled by any government or company. It is created and managed by the people who use it.

Imagine you have a piggy bank that you can put coins in and take them out whenever you want. Now imagine that your piggy bank is connected to other piggy banks around the world, and you can send and receive coins from anyone who has a piggy bank like yours. That's how Bitcoin works. You don't need a bank or a credit card to use it. You just need a special app on your phone or computer that lets you access your piggy bank.

Bitcoin does not make money by itself. It is a form of money that has value because people are willing to accept it as payment for goods and services, or trade it for other currencies. The price of Bitcoin changes depending on the supply and demand in the market. Sometimes it goes up, sometimes it goes down.

Bitcoin is a very risky investment because its price can change a lot in a short time. It can also be affected by technical issues, hacking, regulation, and competition from other cryptocurrencies. Some people have made a lot of money by buying and selling Bitcoin at the right time, but others have lost a lot of money by doing the same. You should only invest in Bitcoin if you understand how it works and are prepared to lose some or all of your money.

Yes, you can invest in Bitcoin with $100 or any amount of money you want. However, you should be aware that the fees for buying and selling Bitcoin can be high, especially if you use a service that charges a percentage of your transaction. You should also consider the exchange rate between your local currency and Bitcoin, which can affect how much you get for your money.