Bitcoin is a digital currency that uses cryptography to secure transactions made between users. It operates on a peer-to-peer network without central authorities like banks. Users can buy, sell, and trade bitcoins, and some merchants now accept them as payment. While bitcoin offers advantages like low fees and anonymity, its value is highly volatile and acceptance is still growing. The document provides information on how bitcoin works, how to obtain bitcoins, and considerations for those interested in investing or using bitcoin.

1. Investing in Bitcoin
Bitcoin

2. What is Bitcoin?
● Bitcoin is a form of digital currency, created and held electronically
● Invented by an unidentified programmer, or group of programmers, under the
name of Satoshi Nakamoto
● Bitcoin can be used to buy things electronically. In that sense, it’s like
conventional dollars, euros, or yen, which are also traded digitally.
● Transactions are made with no middle men – meaning, no banks!
● There are no transaction fees and no need to give your real name.

3. What is Bitcoin? (More
technical explanation)
Bitcoin is considered a ‘cryptocurrency’ because it uses military-grade
cryptography to secure transactions. Bitcoin payment processing is conducted
through a private network of computers, and every transaction is recorded in a
public record known as the “blockchain.” New Bitcoins are only generated to pay
“Bitcoin miners”—the people whose computers participate in this network and
complete complex mathematical tasks to approve Bitcoin transactions. Bitcoin
has no government affiliation, central authority or banks. It’s based strictly on
peer-to-peer technology.

4. Why Bitcoin?
● It's decentralized
● It's easy to set up
● It's anonymous
● It's completely transparent
● Transaction fees are miniscule
● It’s fast

5. How to get Bitcoin?
● Buy on an Exchange
● Mining
● Accepting (Merchants)
Owning Bitcoins
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The
wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or
save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

6. Pros & Cons
● Security and more control over your money
● Most merchants are not accepting at the moment
● No third party involve in a transaction
● Bitcoin value is highly unstable
● Bitcoin amount is fixed to $21M which will be fulfilled by 2140
● Bitcoin acceptance are growing significantly

7. Bitcoin Price

8. Bitcoin Future
● Daniel Masters, a co-founder at the multi-million dollar bitcoin hedge fund,
predicts that bitcoin will hit $4,400 by the end of 2017
● China is heading towards Bitcoin
● More top merchants will accept bitcoins in near future
● Maybe Bitcoin ended up as “Property” not a “Currency”

9. How to invest?
Buying Bitcoins
Mining

10. Wallet Security
Coinbase
Blockchain Wallet