Bitcoin FAQ

Is now a good time to buy bitcoin? #

Yes. The best time to buy bitcoin was ten years ago. The second best time is now.

Am I too late? #

No. Everyone thinks that they "missed the bus."

It is never too late to adopt electricity. It is never too late to adopt the internet. It is never too late to adopt the Bitcoin Standard.

Are any other coins worth exploring? #

Only if you want to learn the lessons of sound money the hard way.

Where do I buy bitcoin? #

Good question. It depends on where you are in the world and what kind of risks and privacy tradeoffs you are willing to accept.

Is Bitcoin bad for the environment? #


Is Bitcoin used by criminals? #

Yes. All tools are. As of 2020, around 0.34% of use is linked to criminal activity. This is lower than the estimated 2-5% of the fiat banking system with their custom-made teller windows.

What wallet should I use? #

The most important thing to learn is that holding your own keys is paramount. After that, it depends.

How do I run a node? #

Short answer: download Bitcoin Core and run it. Long answer: it depends on what you want to do with your node.

Are all bitcoiners crazy? #

Maybe. However, more and more reasonable people and CEOs are starting to see the value of bitcoin.

Won't governments just ban it? #

Some will, some won't. In any case, outlawing speech is futile, as was the Prohibition. 

Table of Contents #