For Beginners: Understanding Bitcoin $BTC
Let’s explain Bitcoin simply and in a way that suits beginners.
Bitcoin is a type of digital currency, meaning it exists only on the internet, without any paper or metal form.
You can send or receive it from anyone in the world without a bank or intermediary.
The basic idea:
Decentralization: There is no entity or government that controls it; the network is distributed across computers around the world.
Encryption: Transactions are secured and stored in a public ledger called the blockchain, anyone can see the transactions but cannot change them.
Limited supply: There are only 21 million Bitcoins $BTC , which makes it relatively scarce.
Why do people use it?
To transfer money quickly and sometimes with low fees.
Investment (some buy it hoping its price will rise).
Financial freedom without bank restrictions.
But there is risk: its price fluctuates significantly, meaning it can increase in value quickly and also decrease quickly.
If you’d like, I can explain the blockchain or how to buy Bitcoin in the simplest way step by step.
In upcoming posts, God willing, there will be a series: Start with Bitcoin $BTC
