Need some help understanding Bitcoin quickly and without a lot of unnecessary nonsense? You’ve come to the right place. In this section of the Bitcoin Basics 101 website, we have everything you’re going to want to know before you decide whether investing in this virtual currency is right for you or not.
Here’s a look at some of the major topics we’re going to cover in this section of the website.
Bitcoin School – We’ve broken down this section into five different questions that most people have about Bitcoin, including what it is exactly, why it’s considered currency, how it works, and where you can get them. We also go over the basics of Bitcoin mining as well as a short history of Bitcoin.
Wallets – The most essential thing you need to connect to the Bitcoin network is a wallet – also referred to as the Bitcoin Client. This is where you are going to store you balance of bitcoins, but it’s also the way you connect to the entire peer-to-peer Bitcoin network.
Exchanges – If you’re not interested in mining for bitcoins in your spare time, the various Bitcoin exchanges give you an opportunity to buy, sell or trade bitcoins for other currencies. For those who want to invest in cryptocurrency, this is a good place to start so you can understand how Bitcoin markets work.
Mining – While Bitcoin mining has become more difficult as more people get involved, there are still a lot of people who are able to mine bitcoins – especially when they pool their resources with other cryptocurrency enthusiasts around the world.
Charts and Tickers – As with other financial markets, staying up to date at all times about latest prices and other information is crucial for success when investing with Bitcoin. We have information about some of the best online charts and tickers for Bitcoin that will keep you informed.
Merchant Solutions – We haven’t forgotten about businesses who may be thinking about accepting Bitcoin as a means of payment. On this page, we go over what business owners need to know about taking bitcoins as payment for products or services – both online and in the physical world.
Alternative Coins – Last but not least, we have a look at some of the major alternatives to Bitcoin, including LiteCoin and many others. Start with this section if you want to learn more about the similarities and differences of the different cryptocurrencies in existence.
As you can see, we cover all the basics. If you want to learn even more about Bitcoin, we have you covered there as well. Be sure to check out our Bitcoin Basics 101 eBook that is full of useful information about this cryptocurrency. From how it got started to how it works to where it’s headed in the future, we have compiled the best information for you so that it’s easier to learn about Bitcoin.