What do you know about bitcoin?

[Text]

in my experience many people first hear about Bitcoin through ads or social media so sometimes the information they get is incomplete or even misleading. I also learned about Bitcoin gradually not all at once. At the beginning I only knew it as a digital coin that people can buy & sell but as I read more & followed discussions in crypto communities I realised that Bitcoin is more than just trading or making profit.

there are also other ways people interact w/ Bitcoin such as trading, mining or using it for payments but I think the most important step is learning first before investing., understanding how wallets work, how to secure your funds & how the market behaves can help avoid mistakes.

I also believe there is still a lot more to learn about Bitcoin. The crypto space keeps evolving so sharing knowledge & experiences in forums like this is very helpful for everyone.

[Aanuoluwatofunmi]

Bitcoin is very broad and we cannot assume that we have known it all, this is why we must always stay updated with the latest development happening around the network, learning is always what can make us get more improved in life and also to discover more about what we do, this is why bitcoin has the very tendency of putting us through the learning pace, because the more we are informed the better it becomes for us to use bitcoin more effectively.

[Pi-network314159]

"what do you know about bitcoin" still stands cuz I believe bitcoin is about more that I have. no idea and I'm willing to learn so help me with that secret idea about bitcoin. 

Well, how I know about Bitcoin was not from any ads, I first knew about Bitcoin when people often talked about it and how it is expensive and it's a profitable investment for long term but I didn't get to know more about it until I went to YouTube and ask a question to learn about it. This forum helped and opened my eye to what Bitcoin is all about. Bitcoin is a decentralized currency, meaning it runs in a Blockchain. It's transaction are stored in the Blockchain. It is not controlled by a third party like bank. It is a currency of its own and a store of value, It traction runs from wallet to wallet. It's value is determined by demand and supply. Bitcoin is limited in supply which makes it scares and expensive.  I think you should look at those Link sheard in the comment section, you will find them interesting because it consist of useful information about Bitcoin.

[Claudio973]

Bitcoin is created in the year 2009, it's the first digital currency in the world. It was created by a person whose name is Satoshi Nakamoto. It is not owned by the government or any third party that's why it's decentralized. It can't be controlled by any one or bank. It is for everyone and it runs on a global network of computer nodes. It can be trade which also means that you can buy and sell it whenever you like. It rise and fall on different occasions and can add meaningful value or change ones for good. It's a computer network that can be operated by anyone. Bitcoin can also be use as a method of transaction between a buyer and seller of any goods in the market. It has made life easier.

[purple_sparkles]

For me, bitcoin is first and foremost an investment opportunity in something I am relatively confident about. I believe bitcoin is a reliable investment that justifies itself, which cannot always be said about fiat currencies. Right now we see strong inflation in national currencies, and some countries are even close to default. Bitcoin, on the other hand, is not tied to any single country. Of course, it reacts to global news, especially negative news, but the moments when it drops in price are more like opportunities for me to buy it at a better value.

[johnnyyash]

The question "what do you know about bitcoin" still stands cuz I believe bitcoin is about more that I have. no idea and I'm willing to learn so help me with that secret idea about bitcoin. 

Bitcoin is digital currency, have its own blockchain, it can be mined and the token supply is capped, Satoshi created it, and it is decentralized, no central authority could control it unless they have a lot of bitcoins in their wallet and they sell and buy, so bro this way they can manipulate the price but they can't control or manage anything in the bitcoin.

This is a pretty basic thing, right? You need to know more, well, bro you need to read a lot of topics already been created in this forum you are at the right place to ask this question. Check the following threads out for more knowledge.
https://bitcointalk.org/index.php?topic=5187275.0
https://bitcointalk.org/index.php?topic=5138618.0

I truly agree with you.. More knowledge is needed!!!

[aylabadia05]

The question "what do you know about bitcoin" still stands cuz I believe bitcoin is about more that I have. no idea and I'm willing to learn so help me with that secret idea about bitcoin. 

The ads I often see displaying the Bitcoin logo are from exchange platforms. This is true where I live, and this is what I've experienced.
What I know about Bitcoin is that it's the king of coins. It's a valuable coin, and its price is already higher than other coins. I say this because some people judge Bitcoin solely on its price, and I don't blame them for that.

Bitcoin is a system for people to transact or a digital currency. Bitcoin owners are the owners of their own assets. While Bitcoin can't be used as a currency, it can still be a good asset to invest in, as it's the best hedge.