Bitcoin: The Complete Guide for Beginners and Beyond

randerson112358
30 min readOct 30, 2023

Is Bitcoin a Good Investment or An Investment in Just Ones and Zeros?

⚠️Disclaimer⚠️: The material in this article is purely educational and should not be taken as professional investment advice. Invest & budget at your own discretion. Affiliate links are in this article (by clicking on these links you help me out with no additional cost to yourself). Please enjoy the article!

Is Bitcoin a good investment or are you just investing in “1's” and “0's” or some combination of both?

What is Bitcoin?

Bitcoin is a digital currency and a payment system (or blockchain) invented by an unknown group or person by the name Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The Bitcoin name refers to both the Blockchain and its native currency. You can download the written paper on Bitcoin called A Peer-to-Peer Electronic Cash System here it explains in more depth and technical detail on how Bitcoin works. It is the first decentralized digital currency, meaning the system works without a single administrator or central bank, you can use them in every country, your account cannot be frozen, and there are no prerequisites or limits.

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