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Basic Bitcoin Knowledge

Basic answers to beginner Bitcoin questions. Bitcoin 101

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What Is Number Go Up Technology?

June 1, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Dictionary

Number Go Up Technology is a meme that's been around in bitcoin for a number of years. It basically means that bitcoin is guaranteed to continually rise in price over time simply due to its inherent properties. Why is the price going up today? Number …

Read moreWhat Is Number Go Up Technology?
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What Is A Forced Seller In Bitcoin?

May 24, 2023
Category: Basic Bitcoin Knowledge, The Bitcoin Economy
Subcategory: Buy Bitcoin

Simply put, a forced seller in bitcoin is someone selling bitcoin when they don't want to. They are forced to sell either by the mechanical function of the contract they are in, or they are forced to sell in order to pay for some other type of …

Read moreWhat Is A Forced Seller In Bitcoin?
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What Are Sats (In Bitcoin)?

May 16, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Baby Steps

What are sats? “Sats” are the shorthand way of saying satoshi, and sats are the smallest subunit of a bitcoin. Just like there are 100 cents in a dollar, there are a hundred million satoshis in a bitcoin. Sats are becoming a more common …

Read moreWhat Are Sats (In Bitcoin)?
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What Can You Buy With Bitcoin?

May 16, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Questions

One of the concepts that trips people up (even professionally educated economists) when trying to understand the value of bitcoin is looking what you can buy with it. If you can't buy something with it, then it's not worth anything at all! So let's …

Read moreWhat Can You Buy With Bitcoin?

What Backs Bitcoin?

May 15, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Questions, Bitcoin Technology

Bitcoin is digital money. Up until bitcoin existed, everything digital could be replicated. It was just a simple copy-paste job and you could have infinite of anything that existed online. Bitcoin was the first time that something could be both …

Read moreWhat Backs Bitcoin?
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What Does NGMI Mean in Bitcoin?

May 15, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Culture, Bitcoin Dictionary

Like all of the greatest memes of our time, there's a winding history to the origins of NGMI, and an internet rabbit hole that makes four simple letters a lot more interesting than you might have guessed. What does NGMI mean in Bitcoin? Let's start …

Read moreWhat Does NGMI Mean in Bitcoin?
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7 Underestimated Benefits Of Owning Bitcoin Beyond Just Getting Rich

May 11, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Opinion

Everything you hear these days about bitcoin is related to price, and while price is important to the case for bitcoin adoption, it's not the only reason to own bitcoin. There are actually many benefits of owning bitcoin beyond preserving and …

Read more7 Underestimated Benefits Of Owning Bitcoin Beyond Just Getting Rich
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The Shitcoin Casino

May 9, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Baby Steps

You may have heard that you can make a lot of money buying and selling cryptocurrency. There are bit-coins and alt-coins, and what's that one called… etherium… or something like that. It kind of sounds like picking the best cryptocurrency …

Read moreThe Shitcoin Casino
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10 Ways To Buy Bitcoin In 2023

May 9, 2023
Category: Basic Bitcoin Knowledge
Subcategory: Buy Bitcoin

There's only one Bitcoin, but there are a bunch of different ways to “buy Bitcoin”. The first couple of options below will be the most common and best ways to buy Bitcoin. The goal of buying Bitcoin is to be able to actually take custody …

Read more10 Ways To Buy Bitcoin In 2023
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What Is Money?

Money is fundamentally a form of information. Money is not about atoms, it is about bits

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