Part 3: How many bitcoins are there?
Every ten minutes 3.125 new bitcoins are added to the supply. The amount is determined by a schedule that started with 50 new bitcoins every ten minutes. Every four years, the amount is cut in half. Year New coins every 10 minutes Total Supply 2009 50 0 2012 25 10,500,000 2016 12.5 15,750,000 2020 6.25 […]
Read MorePart 2: Bitcoin basics
As an investor in bitcoin, you are buying a set amount of bitcoin for a specific dollar price. It’s similar to investing $10,000 into a major stock at $100 per share, you will be purchasing 100 shares. If the brokerage allows for fractional shares, you could buy smaller portions of shares. If you invest that […]
Read MorePart 1: What is bitcoin for you?
The price of bitcoin is what attracts most people to learning about it, but it’s important to consider what your personal financial situation is and how you are considering investing time and money into bitcoin. You probably fall into one of these categories: As you learn more about bitcoin you may progress down that list. […]
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