Understanding Bitcoin – BTC Explained for Beginners

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Understanding Bitcoin – BTC Explained for Beginners

Understanding Bitcoin can seem rather daunting if you’re new to it. But the basics are quite easy to grasp, and the truth is you don’t need to understand everything about it.

You probably don’t know exactly how Internet protocols work but you can surf the web. No doubt, Bitcoin might turn out to be quite a bit more important than the Internet. It’s the Internet of money after all. So, beginners, read this short explanation…

In short, Bitcoin is the soundest, hardest money ever created. No doubt gold is sound money, but nobody knows exactly how much gold there is. With Bitcoin we know exactly how many there are now, how many there will be tomorrow and at any given time in the future.

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It’s not just sound money. It’s a network of trust built on an open-source, decentralized, peer-to-peer, trustless, immutable, cryptographically secure, payment network and public ledger.

For more see the Bitcoin for Beginners Infographic:

Bitcoin for Beginners Infographic

If you don’t know much about Bitcoin, you’re not the only one. It is a young and nascent technology. If you want to know more about it, you’re not the only one either.

Bitcoin is growing in popularity, and many huge institutions are spending a lot of money within the Bitcoin space. With governments recently announcing unlimited Quantitative Easing, Satoshi’s vision seems to be more real than ever.

Nobody wants financial meltdown, but at least we now have another option. At least now we have Bitcoin.


Please be advised that the contents of these posts are not to be construed as investment advice. While some of our contributors may be price analysts, their opinions and analyses are personal views and are shared with the intention of promoting discourse and understanding.

Always conduct your own research and consult with a professional financial advisor before making any investment decisions. The Bitcoin market can be volatile, and past performance is not indicative of future results. Invest at your own risk.

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