Who Is Bitcoin?

By LaTrell Lewis

Who Is Bitcoin? is an ultimate guide to understand what Bitcoin is, how bitcoin works, how to use bitcoin, how bitcoin makes money and how you can use bitcoin to make money. The bitcoin market has grown exponentially over the past few years and is projected to become even bigger. Make sure that you don't miss out on the opportunity of a lifetime by buying this book. This book is your guide to everything you need to know about bitcoin.

• Language: English
• Publisher: LaTrell Lewis
• Release date: Oct 8, 2022
• ISBN: 9798215530962

LaTrell Lewis

LaTrell Lewis is an Author, Father, Entrepreneur, as well as the co- founder of CreativeBlock, a cryptocurrency niched brand, and a co-founder of SoulSent a luxury candle company. He has been studying and researching the systems and functions of blockchain technology for 5 years now as well as being an active cryptocurrency trader and creating his own NFT collection “SpaceNots.” He has taken all his expertise and compounded it into his first authored book “Who is Bitcoin?” Where he brings together a beginner friendly guide to understanding Bitcoin and the blockchain. Giving you an insight to some of the best cryptocurrency trading strategies, and investment techniques used by professional traders. Bringing more than 5 years of investing experience in all different asset classes from Real Estate, Gold, Silver, Copper, Cryptocurrency, Equities, and Carbon Credits. When he’s not writing, LaTrell likes to follow the markets, go for long hikes with his family, and write music and poetry. He believes that the best investment that you can ever make is an investment in your financial education. And there is nothing more satisfying than learning how to extract money from the marketplace, while creating generational wealth.

Book preview

About The Author

LaTrell Lewis is an Author, Father, Entrepreneur, as well as the co- founder of CreativeBlock, a cryptocurrency niched brand, and a co-founder of SoulSent a luxury candle company.

He has been studying and researching the systems and functions of blockchain technology for 5 years now as well as being an active cryptocurrency trader and creating his own NFT collection SpaceNots.

He has taken all his expertise and compounded it into his first authored book Who is Bitcoin?

Where he brings together a beginner friendly guide to understanding Bitcoin and the blockchain. Giving you an insight to some of the best cryptocurrency trading strategies, and investment techniques used by professional traders. Bringing more than 5 years of investing experience in all different asset classes from Real Estate, Gold, Silver, Copper, Cryptocurrency, Equities, and Carbon Credits.

When he’s not writing, LaTrell likes to follow the markets, go for long hikes with his family, and write music and poetry.

He believes that the best investment that you can ever make is an investment in your financial education.

And there is nothing more satisfying than learning how to extract money from the marketplace, while creating generational wealth.

Chapter 1: An Introduction to Bitcoin and Cryptocurrency

•  Why Do Cryptocurrencies Exist? 

•  How Bitcoin Works 

•  The Technology Behind Bitcoin 

Chapter 2: How to Understand the Value of Bitcoin 

•  Bitcoin’s Value Lies in Its Utility 

•  Bitcoins Are Incredibly Scarce 

•  Supply And Demand Affects Bitcoin Value Directly 

Chapter 3: Different Strategies to Accumulate Bitcoin 

•  Buy Some Bitcoins 

•  Trade Your Other Cryptocurrencies for Bitcoin 

•  Get Paid with Bitcoins 

•  Complete Small Tasks on Websites 

•  Join Bitcoin Faucets 

•  Mine Your Own Bitcoin

Chapter 4: How to Safely Store Your Bitcoin and Other Cryptocurrencies

•  Online Wallets

•  Mobile Wallets

•  Desktop Wallet

•  Paper Wallet

•  Hardware Wallet

Chapter 5: Making Money by Trading and Selling Your Bitcoin

•  Bitcoin Trading Strategies

•  Popular Bitcoin Trading Platforms

•  Are You Ready to Start Trading Bitcoins?

Chapter 6: Using Bitcoin as An Investment Plan

•  Bitcoin Investment Methods

•  Strategies To Succeed in Bitcoin Investing

Chapter 7: What You Can Do to Prevent Bitcoin Fraud and Theft

•  Bitcoin And Cryptocurrencies Are Not Scams

•  Scam #1 – Phishing Scams

•  Scam #2 – Cloud Mining Scams

•  Scam #3 – Ponzi Scams

Chapter 8: The Future of Bitcoin and Cryptocurrency

•  Massive Support from The Masses

•  Bitcoin In Developing Economies 

•  Fast And Cheap International Payments 

•  Combat Crime and Corruption

•  Blockchain Technology Will Become Mainstream

Chapter 1: An Introduction to Bitcoin and Cryptocurrency

In this guide, you will learn about Bitcoin (BTC) and cryptocurrency, how they work, why they exist and what kind of technology is behind Bitcoin. Not too long ago, people started hearing the words 'Bitcoin' and 'cryptocurrencies.' Few people outside of the crypto communities knew what they were, and many thought it was just another fad that was bound to fail in a few years. The value of one bitcoin was just a few cents then so it wasn't worth a lot. For this reason, it was ignored by the masses.

Many people who invested in the early days of Bitcoin did so because they believed in the system proposed by Satoshi Nakamoto. They were rewarded handsomely for their beliefs, as a single Bitcoin is now worth thousands of dollars. Just a few years after breaching the $1,000 mark in late 2013, Bitcoin prices are at an all-time high, well past the $10,000 mark for a single Bitcoin!  

People are increasingly curious about bitcoins and cryptocurrencies. These digital assets have the potential to revolutionize how we interact with the digital world. Cryptocurrencies are still in their early stages, but they have already shown great promise.

Why Do Cryptocurrencies Exist?

Cryptocurrencies have started to become more viable alternatives to traditional currency. This is because they exist to address weaknesses in traditional currencies, which are often backed by central banks and governments. Cryptocurrencies are not susceptible to corruption and manipulation like traditional currency, among a host of other issues.

Unlike traditional government-backed currencies, Bitcoin and other cryptocurrencies are not subject to anybody's whims. Bitcoin is completely decentralized, open source, and transparent. This means that you can see all the transactions that have ever been done on the network, and you can check and review the blockchain data yourself to verify the authenticity of each transaction. Bitcoin runs on highly complex mathematical algorithms to regulate the creation of new bitcoins and to make sure no double spending ever occurs on the network.

THE BITCOIN CODE IS much more secure and advanced than other virtual currencies that have failed in the past. It would be nearly impossible to cheat the system by creating an unlimited