1. What is Bitcoin?

• Bitcoin is a decentralized digital currency, created by an individual or group of users nicknamed Satoshi Nakamoto in 2008. It operates without control from any government or central bank.

2. Blockchain technology:

• Bitcoin is based on blockchain technology, a distributed digital ledger that records every Bitcoin transaction. Blockchain ensures the transparency, security, and immutability of transactions.

3. How it works:

• Bitcoin transactions are conducted directly between users through a peer-to-peer (P2P) network, without the need for intermediaries. To confirm transactions, “miners” use computing power to solve complex math problems, thereby creating new blocks on the blockchain.

4. Limited quantity:

• Bitcoin has a fixed total supply of 21 million coins. This means that no more than 21 million Bitcoins can exist, creating an element of scarcity.

5. Price fluctuations:

• Bitcoin prices are often very volatile, and can change dramatically in a short period of time. Bitcoin's value depends on market supply and demand, news, and investor sentiment.

6. Advantages of Bitcoin:

• Decentralization: No central controlling authority.

• High security: Transactions on the blockchain are very difficult to counterfeit or attack.

• Anonymity: Users do not need to provide personal identity to make transactions.

• International payments: Bitcoin transactions are easily made across borders without the need for intermediaries.

7. Disadvantages of Bitcoin:

• Strong price fluctuations: Values ​​can drop suddenly and cause losses.

• High Energy Usage: Bitcoin mining is energy-intensive.

• Limited acceptance: Not everywhere accepts Bitcoin payments.

8. Bitcoin Halving:

• Every four years, the number of Bitcoins rewarded to miners is cut in half in an event called “halving.” This slows down the rate at which new Bitcoins are created, affecting supply and potentially driving up prices.

9. Bitcoin and Legality:

• Depending on the country, Bitcoin may be recognized as a legal asset or means of payment, or banned altogether. Legal policies change constantly and can affect the price of Bitcoin.

If you are interested in investing in Bitcoin, understanding the above factors is crucial to making a decision.