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Alex Fortin

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Bitcoins, The Starter Guide

February 21, 2016 By Alex Fortin Leave a Comment

I first heard of bitcoin in 2014, I thought it was some internet money so I didn’t care much.

A few months ago, I started looking into what is bitcoins and how it works. That’s when the lights went on.

Bitcoin is a revolution.

Let me not understate this. Bitcoin is the 21st century revolution.

If you haven’t wrap your head around the wave of the future, it’s time to do so. Below is your “starter pack” on Bitcoins

 

Let’s start with some hype. Roger Ver in 2011 betting that bitcoin will go 100X in 2 years… guess if he was right?

More hype! Venture capitalist Tim Draper predicting future prices of bitcoins… wait did he purchase $20 millions worth of bitcoins? He sure put his money where is mouth is.

Now that I got you excited on bitcoins let’s understand the opportunity a little better:

 

Venture capitalist, Marc Andreessen compare Bitcoin to the Internet in 1994.

Not many people could understand how profound was the invention of Internet until later on when the web browser makes it easy to use and apps like facebook or google makes it really useful.

 

 

Andreas Antonopoulos is one of the leading expert on bitcoins. You should already want to own some bitcoins by now.

Ok so how do I get started?

First, choose a wallet:

bitcoin.org

Awesome! Now you can send and receive bitcoins with your wallet!

 

How do you first get bitcoins?

You can buy or sell bitcoins right from your bank account:

Coinbase.com

 

You can also anonymously buy or sell bitcoins with someone in your area:

localbitcoins.com

 

 

 

You want to become a trader? I wouldn’t advice it but you can follow the price of bitcoins:

okcoin.com

coinbase.com

bitfinex.com

 

You want to learn more on how Bitcoins works?

Satoshi Nakamoto, the creator of bitcoin released a white paper in 2009 and can be found here. Also, they have all the emails and forum post he put online:

 

Great read on how economics work and why cryptocurrencies other then bitcoins cannot make it big.

http://unqualified-reservations.blogspot.ca/2011/04/on-monetary-restandardization.html

That’s it

You have all the information needed. If you like what you read on my blog, you can leave me a tip in my bitcoin wallet:

16vzkHkaweLJvegLKqpTUGSRAzdrTLZr2X

Do you use Bitcoins? leave a comment below!

 

Additional source

Satoshi Nakamoto (Bitcoin Creator) White Paper: http://nakamotoinstitute.org

Bitcoin Live Price: http://www.coindesk.com/price/

Bitcoin Nodes Summary: https://coin.dance/nodes

Filed Under: Cryptocurrency, Uncategorized

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