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An alleged tutorial on bitcoins
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hxxps://www.etoro.com/en-us/news-and-analysis/etoro-updates/bitcoin-for-beginners-what-you-need-to-know/?utm_medium=SEM&utm_source=45729&utm_content=0&utm_serial=US_HF_Desk_Blogpost_Crypto_BitcoinForBeginners_18-03-21_Taboola_AFFID_45729&utm_campaign=US_HF_Desk_Blogpost_Crypto_BitcoinForBeginners_18-03-21_Taboola_AFFID_45729&utm_term=http://api.taboola.com/1.1/json/liveintent-8067/recommendations.notify-click&utm_source=taboola&utm_medium=referral&tblci=GiBy7zgRjeGqlPkZH4z0UXmZMQHAFameMJdEHovj1pnZCiCY_Ego9eO58_TP97GaAQ#tblciGiBy7zgRjeGqlPkZH4z0UXmZMQHAFameMJdEHovj1pnZCiCY_Ego9eO58_TP97GaAQ

eToro
BY ETORO
MAR 18, 2021 131690 VIEWS
Bitcoin for Beginners: What You Need to Know
Don’t know your bitcoin from your blockchain? We’re here to help.

Is there a Bitcoin barrier to entry? For many curious investors yet to dip their toes in the proverbial waters, the biggest thing holding them back may be summed up in one word: knowledge.

The more you try to wrap your brain around the technology behind Bitcoin, the more confused you may be about its actual investment value. How exactly is Bitcoin mined? What is a hard fork? And proof of stake vs proof of concept? Head scratchers abound.

If we haven’t lost you yet — good! While you may never master the concepts of blockchain and how cryptocurrency is created, in reality, you don’t need to when it comes to investing. All you really need to know is why cryptocurrency has value, how that value compares to traditional currencies, and what investing means in the long run.

INVEST IN BITCOIN TODAY

With platforms like eToro, users can deposit as little as $50 to fund an account, where you can buy, sell, and hold Bitcoin, along with a dozen other cryptocurrencies.

So what makes crypto different than investing in traditional currency, like the U.S. dollar? Here are a few key distinctions.

Finite Supply


One of the big issues with investing in the U.S. dollar is inflation, which has been made increasingly evident during the COVID-19 pandemic. As the U.S. dollar weakens at a more rapid rate, with trillions printed by the Federal Reserve, it’s no shock that investors will look to unique ways to diversify their money.

How does inflation affect Bitcoin? In the current context, it doesn’t. That’s because Bitcoin has a finite amount of 21 million coins, so while the value can increase, the maximum amount in circulation cannot. Currently, there are 18.6 billion bitcoin in circulation, meaning there is still some left to be mined. As a result, many investors look to Bitcoin as a hedge against the damaging effects of inflation.

INVEST IN BITCOIN TODAY

Store of Value


Bitcoin’s finite supply lends to its store of value over time. While gold was the original intrinsic asset, it’s cumbersome nature led to it being replaced by fiat (i.e., paper) money. A store of value, meanwhile, in an asset that maintains its worth and can be exchanged in the future with no deteriorating value, which can’t be safely said for current physical U.S. currency.

Bitcoin, meanwhile, checks all the major boxes as a strong store of value over time. It has a steady level of scarcity thanks to its finite supply, it is easily divisible (up to eight decimal points), it has growing use as a utility (i.e., form of currency) in transactions, it’s easily transportable through digital wallets, it’s durable as a non-physical currency, and it’s nearly impossible to counterfeit thanks to blockchain encryption technology.

Institutional Investment

The problem with Bitcoin’s value in the past is it was mostly driven by retail investment, which ebbed and flowed based on how consumer investors felt about the crypto’s future. In recent months especially, however, major players in tech and financial sectors have either plunked money into Bitcoin or adopted the currency on their platforms.

Companies like MicroStrategy, Square, and Tesla have invested huge chunks of capital in Bitcoin, while both traditional (Visa, MasterCard) and modern (PayPal) financial institutions are starting to integrate crypto as a feasible form of currency. The more Bitcoin becomes mainstream, the more legitimate it becomes as a long-term investment.

INVEST IN BITCOIN TODAY



eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

I don't necessarily trust any of this info. Or this company. It may help some new to this currency learn a wee bit. One has to set up an account to log in and read.

Again, No knowledge as to the truth of this article and/or the truth of the course herein.
Angel  It is Well with My Soul  Angel
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