Bitcoin Basics for the Brand New User... You may be entirely clueless, like, that is, devoid of even a single ounce of knowledge, when it comes to the phenomenon called Bitcoin, but after reading through this quick synopsis of Bitcoin and the technology behind Bitcoin, you’ll be a quintessential Bitcoin whiz. Well, okay, not quite, but you get the drift. If you’re new to bitcoin and you’d like to get started because you’ve heard it’s cutting edge craft and you feel you’re missing out big time, you really don’t need to be a techie geek sort. You need to install a bitcoin wallet either on your smartphone/mobile device or computer. Once that’s done, you’ll get a Bitcoin address. Give this address out to your friends (and granny), and they can then pay you or you can pay them – in Bitcoin, of course. It’s a similar concept to email and how that technology works, with the exception that a Bitcoin address should be used one time only.