The Basics of Money - Pt. II: Understanding Bitcoin

How to hold it forever and why it isn't too late

As I’m writing this, Bitcoin is currently worth $93,373. 30 days ago, it was worth $67,967.78. The value of Bitcoin has increased significantly because Donald Trump won the election and he is very pro-Bitcoin. This is what we call a “bull market.”

If you already hold Bitcoin, then this article may not be of great use. If you don’t know what the hell Bitcoin is, want to buy it but think it’s too late, or want to convince your friends or family that they should buy Bitcoin — then this is for you.

Continuing from The Basics of Money — in this post I’m going to explain:

• The purpose of Bitcoin

• The basics of Supply and Demand

• Dollars vs. Bitcoin as money

• An investment strategy to prevent you from wrecking yourself

• Why you should buy and hold Bitcoin

• Why it isn’t too late