Get to know Bitcoin like a beginner

[akihikohideaki]

I accidentally opened a very interesting website. This web will help what we need to know for those of us who are new to investing, using a simple analogy.

On this website we will be explained step by step with photos, about what Bitcoin is, who finds it, what is a regular infestation, about new finances, a complete list of atm to step-by-step instructions on where to find it, and how to use it. You will also learn what transaction costs you can expect when using a bitcoin ATM to exchange cash with Bitcoin, and vice versa.

This web is really very helpful, how do you think /

Please visit it: ( https://www.bitcoinmarketjournal.com/bitcoin-101/ ) and give a comment below. thank you

[jackg]

It's a nice informative page. I'm not sure it's particularly useful to new investors but it might be an entry-level thing before they go on to check out more with the currency.

I remember my early days of spelling addresses wrong and losing all I had in the stupidity . (There's a checksum but I was using an exchange so they just kept the money).

It's quite small and concise that web page though which is quite handy.

[yuluxugi32132]

Bitcoin is simply a distributed database across many computers. It uses a some math to ensure security on the calculations of this database.

[joniboini]

Bitcoin is simply a distributed database across many computers. It uses a some math to ensure security on the calculations of this database.

He's not asking about what is Bitcoin, he asks about your opinion of that site.

I think the website target is beginner/entry level investor. There's not enough information about Bitcoin, especially the technical parts. They use analogies to make it easier to grab the basic concepts of Bitcoin & blockchain, which is nice. But if we want to learn Bitcoin more than that, reading Mastering Bitcoin is probably a better start.

[Stedsm]

I liked the way the author used to describe Bitcoins in his words, but it looked more speculative rather than what Bitcoin actually is. I know I'm comparing apples with oranges here as it was clearly written over there that the definition will not be technical but rather a user-friendly statement which could easily get investors' attention towards it, but going all the way speculative and trying to compare Bitcoin to stocks isn't going to make a better image of crypto space in the minds of new investors. All in all, a better website and something new I saw today and learnt.

[coingecko]

I find this 6 minutes video really helpful https://www.youtube.com/watch?v=SSo_EIwHSd4

[bitmover]

It was hard to find quality material like that a few years ago, but now those websites are very repetitive. There are many "what is bitcoin" articles already. However, that's a question that is from time to time top trending in Google searches.