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Bitcoin is a cryptocurrency, a type of electronic cash that was formed in 2008. In 2009, Satoshi Nakamoto wrote a paper title Bitcoin: A peer-to-Peer Electronic Cash System. In 2009, Nakamoto mined the first Bitcoin blockchain, the genesis block. Thus, started the wild ride that is Bitcoin. The volatility of Bitcoin is well-known to investors. Despite its volatility, more and more people have been using and investing in Bitcoin. And a few opportunistic scammers have taken advantage of this. Scammers love Bitcoin because it is largely unregulated. Not.