Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
There are different forms of wallet available i.e. mobile, web, desktop, hardware. You can easily choose your wallet and get an address from there. Click here to get one.
The price of a bitcoin is determined by supply and demand same as any other comodity. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate.
The Bitcoin technology - the protocol and the cryptography - has a strong security track record, and the Bitcoin network is probably the biggest distributed computing project in the world.
Yes, Bitcoin are legal in India as till now there is no law regarding control on bitcoin by Indian government or Rbi
You can buy bitcoin from limited number of Indian bitcoin exchange available but there payment procedure are lengthy but BuyUcoin - Indian Bitcoin exchange provides you an easy way to buy bitcoin online in India. Hence you can buy bitcoin with debit card , credit card or net banking easily on Buyucoin. Purchase your first Bitcoin here
As per the predictions, the next halving event will take place near July 10, 2016 in which reward amount will decrease from 25 to 12.5 bitcoin per block. A lot could happen to bitcoin price after halving in july. The experts say the results this time are going to be massive and will be giving a very high rise to the use of bitcoins.
My friend invested Rs 5000 in bitcoins in the year 2011 and that money turned into 1.25crore in less than 3 years