Please Help Me Understand BitCoins

[notlist3d]

Nice forum. I have read through a lot of it and I'm afraid I still don't understand BitCoins.

If anyone has any advice or suggested reading for a novice such as myself it would be greatly appreciated! Where do you buy them? Where do you keep them? How much is a BitCoin worth? Are they safe to buy/use? I would love to have a better understanding of the whole BitCoin scene so I can share my new found understanding with my friends at nodepositfoum.com. I get asked questions about BitCoins all the time and have to tell them I don't understand how they work enough to answer. Help?

Thanks in advance!

You can search on the google though, there are so many explanation about bitcoin. about this forum first you read the rules in this forum first. How much is bitcoin worth ? its so much worth, for today it's around  400++ usd. search google for more accurate.

There is so much asked it's kinda hard to anwser it all.  If you don't understand forums I suggest looking at youtube.  There are many good videos explaining bitcoin.  You really need to understand bitcoin and blockchain which a lot of videos or post's do.

Price is always changing.  But the time we posted exact price it would have changed.  It's a free market so does not really stay in exact mark.  Sometimes it is stable other it can gain or lose value.

[knightkon]

Why dont you let us know what you are not understanding.  One of the people on here posted the basics comparing BTC to money and how it is the same and different.  If you can not understand that, you might want to stay away from investing in BTC.  There is a chance you are looking for an answer to a question you have not asked, so what specifically are you not understanding?

[avw1982]

Depends what do you want to know exactly? Are you a tech savvy person? Or you just would like to know "hey, when do I get rich?"

Imagine bitcoin as a train, and the blockchain is the rails. You have a train on top of rails. You can create more "trains" to  put on top of those rails.

It takes time to understand what is going on how things takes place. Only thing you need to do is just learn little by little but at the same time implement the knowledge you gathered from various persons which automatically paves path for earning bitcoins.

[Tyrantt]

When I've heard about bitcoins, the first thing I did was going to the youtube and searching for the documentary then reading articles and finally finding this forum, that was a revelation for itself. So I'd recommend you to watchsome documentaries on YT, you'll get a great history of BTC. Good luck

[adibe]

Just tell us what is your question about bitcoin here, i will try to answer that. You can buy bitcoin on exchanger. You can keep your bitcoin into your wallet, there's an online bitcoin wallet.

[TTMNewsMJ]

Just ask us if what you think you don't understand about bitcoin, so we can help you to know the answer.