What is Bitcoin?

[Dr.Bitcoin_Strange]

I see defining bitcoin as a common and ordinary thing anyone can do when they make the action to go online and google it, there could be various interpretation on what bitcoin is, but the best way is to begin by knowing what a cryptocurrency is first, that will serve as an intro to understanding better what Bitcoin is for a lay man, if you want a digital currency and are tired of being under the control of the central authorities, then maybe bitcoin is the best for you.

People focus on the definition of Bitcoin. And indeed it needs to be understood because it is basic. Oh yes, apart from these definitions, there are things that are actually basic about Bitcoin, namely related to the risks that exist in Bitcoin. Because, Bitcoin is an asset that still has risks that must be taken by its holders. And the risk that this means exists and is inherent to Bitcoin and depends on how someone experiences and controls it.

I strongly agree with you, it's not just enough to consider just the definition of Bitcoin, while it's important to know the definition of bitcoin, it's also very important to also acknowledge the potential risks involved in it. Bitcoin may have very high potential for profitability and so are the risks very high too and it'll be suicidal for one to dive into Bitcoin investment without first acknowledging the possible risks involved.

Bitcoin is very volatile and its price can fluctuate unpredictably, and just like every other digital assets, it's vulnerable and the possibilities of hack and other security threats are all in thr picture.
So one should be aware of the threats and risks associated before diving in, and not just the potential for profits and gains.

[Z-tight]

if you want a digital currency and are tired of being under the control of the central authorities, then maybe bitcoin is the best for you.

Yeah, BTC is censorship resistant and there is no central authority in control, BTC users can also achieve a good level of privacy when they use BTC and they can even achieve anonymity if they use BTC privacy solutions. This is why the government continues its attack on services that enhance privacy for BTC users and they are also on the attack against BTC fungibility, but the network is still what it is.