Despite its immense popularity in the digital space, there isn't a lot of marketing for the coin in the traditional sense. You won't see any Bitcoin ads on TV or anything like that. This unfortunate fact means that a lot of people are doing it. When it comes to Bitcoin, if you are one of those people, don't be scared. We're going to break Bitcoin into its simplest parts to help you better understand the concept. Let's start at the most rudimentary level. Bitcoin is a currency, similar to the dollar and the euro, that can be used in certain retail stores and in certain places online to purchase goods and services. However, unlike traditional currencies, Bitcoin has no physical representation of value. physical currency) used by various companies around the world all have physical denominations. Mostly in the form of coins and bills. Bitcoin is 100% digital, which means there is no physical variant of cash that you can pocket and take with you to the supermarket. Bitcoin is a digital currency. It only exists in digital space. Many people mistake this for a lack of security and courage, but it is not. Although it only exists on a screen, what makes Bitcoin valuable is its creation process. Each Bitcoin unit is made up of a number of complex algorithms and codes, and each one is unique. It cannot be replicated or tampered with. This gives the value of the coin. This is the biggest difference between Bitcoin and some other currencies that you can invest in, but the differences are much deeper. Bitcoin is not accepted in many physical stores as many physical stores are traditional currencies, which shouldn't come as a surprise, especially since there is no physical item to trade. That said, many places accept online cryptocurrency purchases and the amount of storage space. acceptance as a valid means of payment is increasing day by day. Bitcoin is also decentralized. When a country needs more money, for example dollars, the bank, in collaboration with government officials, prints more dollars, these institutes decide how much and when to print, which has resulted in the devaluation of much of the world currency. How much a dollar is worth today is not what it was 20 years ago. The economy has grown with devaluations, but only to a limited extent. The effects are particularly visible when looking at the housing market. The price of a house is significantly higher than in the past. There are a number of factors that help, but increasing the money supply is one of the most important. Bitcoin does not have a central institute with the power to make such decisions. It operates independently of large conglomerates, which means it is less depreciated and also resistant to hyperinflation.