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What is Bitcoin?

What is it?

Bitcoin is a decentralized crypto- or digital-currency, a form of electronic cash. Bitcoin has no central bank or single administrator and can be sent globally from user-to-user without the need for intermediaries. Over 5% of Canadians own Bitcoin according to a 2018 report by the Bank of Canada.

I want to learn more about Bitcoin!

Go to the Official Bitcoin website.

I want to learn more about the technicality of Bitcoin!

Read the Bitcoin Whitepaper.

Do I have to buy 1 full Bitcoin?

No! You can buy as little as 0.00000001 Bitcoin.

Why is Bitcoin so volatile?

There are several reasons why Bitcoin is volatile including: coverage in the press, perceived value, relative lack of liquidity allowing large holders to affect price, news of exchange hacks and high profile losses, fear of missing out (FOMO) and fear, uncertainty, doubt (FUD) causing investors to buy or sell en mass.