A few years ago I was exactly where you are, wondering what Bitcoin is and what the world of cryptocurrency is all about.
After several painful weeks of going through many websites, chatting with countless people, losing money and finally doing my due diligence, I figured it out!
The unfortunate reality today is that if you haven’t done your due diligence, chances are pretty high that you will encounter scams that you are likely to believe.
This can be avoided by taking a few days to Google ‘what is Bitcoin’ or ‘How does bitcoin function? Go over the results from reputable names/news sites and you will gradually grasp it.
If you find yourself having a tough time understanding the many explanations you will find, you can opt to book a 1 hour consultation call with us over Skype or Whatsapp. We cover everything from what Bitcoin is to how you can benefit from it while avoiding scams. Read more about it here.
Bitcoin is a currency like any other, that is accepted in exchange for goods and services around the world. However, unlike traditional currencies that are centralized or controlled by a central bank, Bitcoin is decentralized and is controlled by the people using it.
Much like the stock exchange, the value of Bitcoin depends on market activities. If a big celebrity says something positive about a stock, it shoots up and the opposite happens when there is negative news.
Unlike the stock exchange, you do not have to jump through many hoops to own Bitcoin. There are many reputable bitcoin exchanges that allow you to purchase bitcoin by simply registering your name and making a purchase of any amount from as little as $5.