Bitcoin (BTC) Frequently Asked Questions
These questions are commonly asked, and they are questions one should ask when learning about cryptocurrency and considering whether an investment is recommended or not.
- What is Bitcoin? (Short)
- What is BTC? (Long)
- Can I purchase less than or a fraction of a Bitcoin?
- How do I explain BTC in simple terms?
- Beginner’s Guide to BTC Investing
- What is the future of BTC?
- Is it too late to invest?
- Is BTC the future of currency?
- How do I buy my first BTC?
- Is my Bitcoin safe? How do I keep it secure?
- Where will BTC be in 5 years?
- What happens when all of the coins are mined?
- When will BTC crash next, so I can get cheap coins?
- What do I do with my current BTC?
- What is the Bitcoin Lightning Network?
- Can I make money investing in cryptocurrency? (Comprehensive Guide!)
- How do I invest in BTC?
- Should I invest in BTC?
- Is BTC worth investing in? (Part 1)
- Is BTC worth investing in? (Part 2)
- How do I know if a coin is in a bubble?
- What are the best BTC / Cryptocurrency exchanges?
- Should I invest in mining or purchase a mining contract?
- How do I make money investing in crypto or BTC in 2018?
These guides don’t answer specific questions, but they talk about important topics.
- What are the best Bitcoin alternatives?
- Here’s why you should invest small and invest often!
- The difference between Bitcoin and Litecoin
If you’re just now researching this crazy trend called Bitcoin, this is the guide for you. There are so many complicated articles regarding this digital currency, and there aren’t enough out there that explain it simply. I am going to attempt to do just that. In these pages, I’ll be answering the most basic questions about cryptocurrency and Bitcoin. Hopefully by the end of this journey you’ll be much more knowledgable about the topic!
Starting Out: The Basics
Bitcoin is a digital currency. Its value is stored in long series of numbers and letters called ‘hashes’. Bitcoin is mined/generated using computer CPU (processor) and GPU (graphics cards). There used to be a day when someone’s family computer could easily mine several Bitcoin per day. However, those days are long gone, and only people with tremendous server set-ups can expect to earn anything. There are entire server farms in remote locations devoted to Bitcoin mining. Think about warehouses lined up one after another, and each warehouse has rows and rows of servers as far as the eye can see. It’s that kind of processing power that is necessary to expect generating anything worthwhile.
Here’s the top recommended place to buy the top cryptocurrencies with credit card:
Therefore, as you can imagine, the only reasonable way to get Bitcoin these days is through buying on a marketplace or “digital currency exchange” such as CoinMama or Bitfinex or Kraken. But enough of that, let’s talk about where this world of Bitcoin is heading! Click below to continue reading.