What is Bitcoin?
The world’s first cryptocurrency, and the foundation of the entire digital asset market.
Introduction to Bitcoin
Bitcoin (BTC) is the first decentralized digital currency. Created in 2009 by the anonymous figure Satoshi Nakamoto, it was designed as a peer-to-peer system for transferring value without banks or intermediaries.
Unlike traditional money, Bitcoin runs on a public blockchain—a transparent digital ledger that anyone can view.
How DCA Works
Imagine you set aside $100 every month to buy Bitcoin:
If BTC is $50,000, you buy 0.002 BTC.
If BTC is $25,000, you buy 0.004 BTC.
Over time, your average cost per coin balances out. You buy more when prices are low and less when they’re high.
“The focus is discipline, not prediction.”
How Bitcoin Works
Blockchain: Every transaction is recorded on a distributed ledger shared across thousands of computers.
Mining: New Bitcoin is created when miners validate transactions and secure the network.
Scarcity: There will only ever be 21 million BTC, making it a scarce asset.
Halving: Every ~4 years, Bitcoin’s mining rewards are cut in half, slowing supply growth.
“This built-in scarcity is one reason Bitcoin is often called “digital gold.”
Why Bitcoin is Important
Bitcoin introduced the world to:
Decentralization → No single government or company controls it.
Transparency → Anyone can verify transactions.
Security → The network is secured by cryptography and economic incentives.
Store of Value → Many see BTC as a hedge against inflation, similar to gold.
What Bitcoin is Used For
Payments: Send money globally, quickly, without banks.
Investment: Many hold Bitcoin long-term as a store of value.
Innovation Base: Bitcoin sparked the entire crypto industry, leading to thousands of new projects and assets.
Risks to Know
Volatility: Bitcoin’s price can swing dramatically.
Irreversible Transactions: Once sent, it can’t be undone.
Regulation: Government rules around Bitcoin vary by country.
Security Responsibility: Holders must protect their wallets and private keys.
FAQs
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A: An anonymous figure known as Satoshi Nakamoto in 2009.
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A: Max supply is 21 million. Currently ~19.7 million are in circulation.
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A: The Bitcoin blockchain itself has never been hacked. But exchanges and wallets can be vulnerable if not secured properly.
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A: It’s pseudonymous, your transactions are public, but tied to wallet addresses, not your name.
Ready to go beyond the basics?
Inside the C3 Vault, you’ll find cycle maps, playbooks, and strategies to help you use Bitcoin with discipline.