🧠 Crypto 101: Understanding The King,
$BTC The most common question: What actually is Bitcoin?
Bitcoin (
$BTC ) is not a company, a government currency, or a physical asset. It is a decentralized, digital currency created in 2009.
Key Concept: Decentralization: It means no single person or group controls it. Transactions are verified by a network of computers (miners) across the globe.
Key Concept: The Blockchain: This is the public, digital ledger where every single Bitcoin transaction is recorded. It's secure, transparent, and unchangeable.
Think of it as digital gold. It's a store of value that is scarce (only 21 million will ever exist). It's the standard against which all other cryptocurrencies are measured.
$BTC Real-Time Performance
My strategy for
$BTC remains focused on the long-term, but in the short term, I'm waiting for a clear break above the recent $68,000 resistance. I am not currently in a
$BTC trade, but I have a low-risk $ETH position open. See my strategy below.
What crypto concept should I explain next? Let me know!
#bitcoin #Crypto101 #education #DigitalGold #WriteToEarn