I know some of you may be wondering what a bitcoin is.
Here's my answer.
Bitcoin is a piece of the internet that allows you to trade with others without cash, yuan, pound, peso or any other currency with little or no fees added.
It's its own type of money like a token in a video game and just like gold, the dollar or any other forms of trade, It's value is what people put into it.
A bitcoin is no different that having 100 one cent pennies (.00000001 = 1 satoshi) that equals $1.00 dollar (1.00000000 Bitcoin).
Here's the kick: there's ONLY 21 Million bitcoin that will exist. At this writing over half that total is already mined. And it gets tougher until all are discover in 2140.
This means the value cannot be depreciated by continually adding more...
That could be what is feared of this new "digital gold" as it's coined. (No pun intended).
Bitcoin makes YOU ARE THE BANKER!
Once you get a bitcoin address to store your bitcoins You control EVERYTHING.
Now think of the possibilities of trading across the globe with whatever currency you choose..
Digital currency will be the next transfer of wealth and if you are one of the last to know then you will be a part of the next GREAT DEPRESSION.
Hey I could be wrong and this is merely the same as game tokens with no value...
BUT HEY, I COULD BE RIGHT TOO and turn out those tokens could purchase ANYTHING!
And you didn't have to pay EXTRA for storage and some transactions electronically wouldn't cost you one satoshi.
AND YOU KNEW ABOUT THAT GOLD IN THE MINE WAY BEFORE ANYONE ELSE RUSHED THE MINES.
HOW POWERFUL IS THAT!?!
I hope I have explained this well.
Let me know in the comments If this cleared it up a bit or If I need to do a little more explaining.
Feel free to do some research on your own I just wanted to introduce you to it.
If your interested and you want to know how you can get some bitcoins CLICK HERE.