Bitcoin 101: A Beginner’s Guide to Understanding Digital Gold with Beacon Bitcoin Guidance

Welcome to Beacon Bitcoin Guidance, where we help beginners learn and secure Bitcoin with confidence! If you’re new to Bitcoin and curious about what it’s all about, you’re in the right place. Bitcoin is often called “digital gold” because of its scarcity and potential as a long-term investment. Unlike traditional money, it’s decentralized, secure, and built on a technology called blockchain. In this post, we’ll break down what Bitcoin is, how it works, and why it might be worth considering—without the jargon. Join us for our free info session July 17th, 630pm at the West Lincoln Community Centre to learn more!

Craig Brown - Founder, Beacon Bitcoin Guidance

5/8/20241 min read

A gold-colored Bitcoin coin is placed on top of a fifty-dollar bill. The Bitcoin features the letter 'B' with intricate circuit-like patterns along its surface, symbolizing digital currency.
A gold-colored Bitcoin coin is placed on top of a fifty-dollar bill. The Bitcoin features the letter 'B' with intricate circuit-like patterns along its surface, symbolizing digital currency.

What is Bitcoin?
Bitcoin is digital money you can send or receive anywhere in the world without banks or intermediaries. Created in 2009 by an anonymous person (or group) named Satoshi Nakamoto, it’s powered by blockchain—a secure, transparent ledger that records all transactions. Think of it as a global notebook that everyone can see but no one can tamper with. Bitcoin’s supply is capped at 21 million coins, making it scarce like gold, which is why many see it as a hedge against inflation. You can buy Bitcoin on exchanges, store it in a digital wallet, and use it for payments or hold it as an investment. At Beacon Bitcoin Guidance, we’ll show beginners how to get started safely, and confidently.

Why Bitcoin Matters
Bitcoin matters because it offers financial freedom and security. Unlike traditional investments like real estate, Bitcoin is portable—you can carry millions in value on a USB drive—and it’s liquid, meaning you can sell it quickly. Its decentralized nature means no government or bank controls it, giving you more control over your money. Over the years, Bitcoin has shown potential for growth; for example, its value has risen significantly since its early days, though it can be volatile. Bitcoin is a way to diversify your portfolio, especially with inflation concerns. At Beacon Bitcoin Guidance, we focus on education for beginners, not speculation—we’ll teach you how to buy, store, and secure Bitcoin responsibly, ensuring you understand its risks and rewards. Join our upcoming info session to dive deeper!

Ready to learn more? Sign up for our free Bitcoin info session JUly 17, 630pm at the West Lincoln Community Centre, hosted by Beacon Bitcoin Guidance. We’ll discuss what Bitcoin is, why it is so important, how to acquire it, and how to hold on to it safely and securely. Visit beaconbitcoin.ca to register for updates. Disclaimer:

We provide education, not investment advice.