Step 1: Learn about Bitcoin
If anyone ever tells you to skip the part where you learn about how crypto works and “trust” their judgment instead, run a mile. But just because you need to understand crypto, it doesn’t mean you need to know every little detail — this would be practically impossible unless you’re willing to commit thousands of hours of your time.
Instead, we will cover the most important topics and concepts, starting with Bitcoin. We will also throw in a few special tips.
This site follows a 3-Step System — beginners should start with Step 1, whereas existing crypto investors can skip to Step 2 and knowledgeable individuals can go straight to Step 3.
What is Bitcoin?
Put simply, it’s digital money — everything about Bitcoin is electronic, although it also has physical representations. Things get a little more complex, but we’ll save the in-depth explanation for later.
You might also be wondering why anyone would trust Bitcoin.
Truth is, whether we’re talking about fiat (“normal”) money or Bitcoin, the public only trusts currencies because they view them as valuable. Bitcoin has a few key attributes that give it value:
It’s not issued or controlled by any single government or entity.
It allows users to send money directly without a middle man (“peer-to-peer”).
The Bitcoin network processes all transactions with the help of computers all around the world (instead of one authority).
This network exists on the Blockchain, a permanent digital record of transactions verified by users.
To learn more and get yourself excited, watch the video below.
If you have a basic understanding of Bitcoin, you might be thinking it’s time to make your first purchase. But hold on a second!
Before you do anything drastic, quickly review the Red Flag File, it contains important tips you need to know before you buy Bitcoin for the first time. Then, you’ll be all set to move on to Step 2!
If you still have questions, or simply want to speak with someone with experience in the Bitcoin space, go ahead and schedule your FREE one-on-one call today.