{"id":1166,"date":"2024-02-29T11:33:44","date_gmt":"2024-02-29T10:33:44","guid":{"rendered":"https:\/\/wp.simplecoin.eu\/?p=1166"},"modified":"2024-03-14T15:05:35","modified_gmt":"2024-03-14T14:05:35","slug":"bitcoin-btc-what-is-it-how-to-buy-price-chart","status":"publish","type":"post","link":"https:\/\/wp.simplecoin.eu\/?p=1166&lang=en","title":{"rendered":"Bitcoin (BTC) &#8211; What is it, how to buy, price chart"},"content":{"rendered":"\n<h2>What is Bitcoin:<\/h2>\n\n\n\n<p><strong>Bitcoin (BTC)<\/strong> is the oldest and most famous cryptocurrency that started the cryptocurrency revolution. The protocol was launched in 2009 by a mysterious inventor and pseudonym, Satoshi Nakamoto, who has so far been untraceable. Today, Bitcoin is used everywhere in the world its adoption is steadily growing.<\/p>\n\n\n\n<h2>Why buy bitcoin?<\/h2>\n\n\n\n<ul><li><strong>Decentralization<\/strong>: bitcoin is not controlled by any central authority such as a bank or government. Instead, it is operated and secured by a global network of computers that spans every continent. Bitcoin is the most decentralized cryptocurrency of our time.<\/li><\/ul>\n\n\n\n<ul><li><strong>Limited<\/strong> supply: only 21 million bitcoins are written into the algorithm to ensure their rarity and potential growth in value.<\/li><li><strong>Security<\/strong>: Bitcoin transactions are protected by strong cryptography, ensuring their irreversibility and correctness.<\/li><li><strong>Transparency<\/strong>: All Bitcoin transactions are recorded in a decentralized registry called the blockchain, which is accessible to all.<\/li><li><strong>Stability<\/strong>: It is therefore a very stable and secure network.<\/li><li><strong>Proof-of-work mechanism<\/strong>: New bitcoins are created using a proof-of-work mechanism. In the real world, electricity must disappear in order for a new unit of value to be created in the digital world. Bitcoins are therefore not created out of thin air.<\/li><\/ul>\n\n\n\n<h2>Investing in Bitcoin:<\/h2>\n\n\n\n<p>Bitcoin is a volatile asset whose price can fluctuate sharply. This makes it both a risky investment and a potentially profitable one. If you are considering investing in Bitcoin, it is important to do your own research and consider your risks. It is generally recommended to use bitcoin as a long-term store of value for periods longer than 4 years.&nbsp;<\/p>\n\n\n\n<h2>The most successful investment strategies&nbsp;<\/h2>\n\n\n\n<p>The most successful investment strategy is <a href=\"https:\/\/blog.simplecoin.eu\/dca-dlouhodobe-bohatstvi-s-kryptomenami\/\">DCA<\/a> (dollar cost averaging) where you buy on a regular, ongoing basis for smaller amounts. This minimizes the risk of volatility, you don&#8217;t have to watch the market and you don&#8217;t succumb to the emotions of the FOMO effect.<\/p>\n\n\n\n<h2>Buying and selling Bitcoin:<\/h2>\n\n\n\n<p>Bitcoin can be bought and sold for Czech crowns and by convenient bank transfer at <a href=\"https:\/\/www.simplecoin.eu\/\">Simplecoin<\/a> and many other exchange offices, exchanges, or in <a href=\"https:\/\/blog.simplecoin.eu\/vexl-applikace-pro-eticke-vekslaky-21-stoleti\/\">person<\/a> or at bitcoinmat.&nbsp;<\/p>\n\n\n\n<h2>What do I need to buy bitcoin?<\/h2>\n\n\n\n<p>To hold (store) bitcoin, you need a <a href=\"https:\/\/blog.simplecoin.eu\/nejlepsi-kryptomenove-penezenky-pro-nakup-na-simplecoinu\/\">bitcoin wallet<\/a>. This will give you control over your bitcoins and no one can seize them from you as long as you have a <a href=\"https:\/\/blog.simplecoin.eu\/ochrante-svuj-seed-proti-vsem-rizikum\/\">recover<\/a> for the wallet.&nbsp;<\/p>\n\n\n\n<p>We can recommend the <a href=\"https:\/\/coinomi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinomi wallet<\/a>, which can be downloaded to iOS, Android and PC via the official site <a href=\"https:\/\/coinomi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<h2>How to buy bitcoin<\/h2>\n\n\n\n<p>To buy bitcoin on the Simplecoin exchange, all you need is a bitcoin wallet. You can then purchase up to 200 Euros worth of bitcoin in 10 days anonymously without registration. For a higher investment, you need to upload two identity documents. Details can be found <a href=\"https:\/\/www.simplecoin.eu\/cs\/how-to-get-started\">here<\/a>.<\/p>\n\n\n\n<h2>Bitcoin Lightning Network<\/h2>\n\n\n\n<h3>Lightning Network:<\/h3>\n\n\n\n<p>It is a second layer above the bitcoin blockchain that offers users to make fast and cheap transactions.&nbsp;<\/p>\n\n\n\n<h4>Benefits of Lightning network:<\/h4>\n\n\n\n<ul><li><strong>Higher scalability<\/strong>: it allows you to create more transactions per second than say Visa or Master Card.<\/li><li><strong>Lower fees:<\/strong> the fee per transaction is in the units of pennies, which is an order of magnitude less than on a traditional bitcoin blockchain.<\/li><li><strong>Faster transactions:<\/strong> transactions are settled in seconds.<\/li><\/ul>\n\n\n\n<h2>Learn more about Bitcoin:<\/h2>\n\n\n\n<p><strong>Website:<\/strong> <a rel=\"noreferrer noopener\" href=\"https:\/\/bitcoin.org\/\" target=\"_blank\">https:\/\/bitcoin.org\/<\/a><br><strong>Wikipedia: <\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/cs.wikipedia.org\/wiki\/Bitcoin\" target=\"_blank\">https:\/\/cs.wikipedia.org\/wiki\/Bitcoin<\/a><br><strong>Block Explorer:<\/strong> <a rel=\"noreferrer noopener\" href=\"https:\/\/mempool.space\/cs\/\" target=\"_blank\">https:\/\/mempool.space\/cs\/<\/a><br><strong>Czech signpost:<\/strong> <a rel=\"noreferrer noopener\" href=\"https:\/\/bitperia.cz\/\" target=\"_blank\">https:\/\/bitperia.cz\/<\/a><\/p>\n\n\n\n<h2>A signpost to other cryptocurrencies:<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/bitcoin-btc-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Bitcoin (BTC)\u00a0<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/ethereum-eth-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ethereum (ETH)<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/litecoin-ltc-what-is-it-how-to-buy-price-chart\"><strong>Litecoin (LTC)&nbsp;<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/dogecoin-doge-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Dogecoin (DOGE)\u00a0<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/ripple-xrp-what-is-it-how-to-buy-price-chart%ef%bf%bc%ef%bf%bc\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ripple (XRP)<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/bitcoin-cash-bch-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Bitcoin Cash (BCH)\u00a0<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/usd-coin-usdc-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>USD Coin (USDC)<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.simplecoin.eu\/post\/zcash-zec-what-is-it-how-to-buy-price-chart\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Zcash (ZEC)<\/strong><\/a><\/p>\n\n\n\n<p>Important Notice:<\/p>\n\n\n\n<p>This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>40<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[136,53],"_links":{"self":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1166"}],"collection":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1166"}],"version-history":[{"count":5,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1166\/revisions"}],"predecessor-version":[{"id":1241,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=\/wp\/v2\/posts\/1166\/revisions\/1241"}],"wp:attachment":[{"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.simplecoin.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}