Start with Bitcoin

What’s special about Bitcoin?

Bitcoin has a number of characteristics that make it unique!

Bitcoin has several characteristics that make it a great form of money.

  • Scarcity. By design, there will only be 21 million bitcoins, ever. If you own, say, 1% of all bitcoins today (210,000 bitcoins), you will still own 1% of all bitcoins in a hundred years from now. The same can’t be said of the US dollar, since the government continually grows the money supply through inflation. A dollar today is worth 90% less than a dollar in 1920!
  • Portability. Traveling with $1 million dollars of bitcoin on your phone is just as easy as traveling with $15 of bitcoin. The same can’t be said about sacks of US dollars or heavy bars of gold.
  • Divisibility. A single bitcoin can be divided into units of 100 million! If a single bitcoin was worth $1 million, you could still send somebody one cent of value in bitcoin.
  • Impossible to counterfeit. It is mathematically impossible to counterfeit a bitcoin. When your wallet confirms that you have received some bitcoin, you can be sure you’ve received that bitcoin.
  • Sovereign. Most important of all — nobody in the world owns or controls Bitcoin. It is a technology that exists on the internet, just like email. You don’t have to ask permission to own and use Bitcoin, and nobody can stop you. A bank can freeze your dollars, but nobody can freeze your bitcoin!

Now for the question on everyone’s mind, what’s bitcoin worth? →

  1. 1
    What is Bitcoin?
    Bitcoin is the internet’s native form of money.
  2. 2
    How does Bitcoin work?
    This is where things get a little tricky, but it’s actually simpler than it seems at first.
  3. 3
    What’s special about Bitcoin?
    Bitcoin has a number of characteristics that make it unique!
  4. 4
    What is a bitcoin worth?
    Just like all assets, Bitcoin is worth whatever the market decides it’s worth.
  5. 5
    Should I own some bitcoin?
    That’s up to you, but here is how some of the world’s most successful people answer that question.
  6. 6
    How do I get some bitcoin?
    You can buy bitcoin with a bank transfer, debit or credit card.
  7. 7
    What can I do with my bitcoin?
    An overview of holding, spending and earning money with your bitcoin.
  8. 8
    Frequently Asked Questions
    Now that you know the basics, let’s answer some of the most frequently asked questions.