The Freedom Fighter's Guide to Bitcoin

The truth is Bitcoin can help you fight back against the corrupt banking system and escape the tyranny of fiat currency that’s strangling our economy today. So why are so many people against it? The mainstream media, Washington politicians, and Wall Street bankers want to keep you as far away from Bitcoin as possible, because they know it’s the world’s most disruptive financial technology — and they can’t control it.

What Is Bitcoin?

First, there’s bitcoin. Bitcoin is a digital currency (also called crypto-currency) that enables instant payments over peer-to-peer networks. It is independent of any central authority and is used by millions of people around the world every day. And like all currencies, it comes with its own pros and cons. But what sets bitcoin apart from traditional money? Let’s find out!

Why Use Bitcoin?

The advantages of using bitcoin are obvious; instant global transactions, low fees and no paper money that can be confiscated or frozen by a government. These reasons, however, may not be enough for you. Here are three other reasons why you should adopt Bitcoin as your own personal standard of currency.

Setting Up a Wallet

The key is a wallet or a safe, secure place for your Bitcoins. If you’re serious about using and investing in Bitcoins, then you need to get yourself a wallet and use it correctly. Take care of your Bitcoin wallet because it will help you avoid losing your Bitcoins completely if something bad happens to you. Just like in real life, your wallet must be secured. Be careful with online wallets (especially exchanges), and don’t leave more coins on exchanges than you need for active trading or immediate spending.

Buying and Selling Bitcoins

Bitcoins are stored in digital wallets. If you're thinking of buying some, make sure that your wallet is a secure one. There are plenty of stories about people losing their bitcoins through hacks and scams. It can be nerve-wracking to buy bitcoins—but once you get started, it gets easier and easier.

Avoiding Scams

Don’t let clever advertising fool you into handing over your hard-earned money. Scammers are always adapting their techniques, which makes it easier for them to fool you. It doesn’t matter if they’re selling tickets, managing a condo building or running a job board, they all want one thing: your money. And they’ll do whatever it takes to get it out of you.