What Is Bitcoin?

Bitcoin is a virtual crypto currency that allows for secure peer-to-peer online transactions. 

It was invented by Satoshi Nakamoto (a pseudonymous individual or team that outlined the technology within a 2008 whitepaper).

Contrary to Venmo or PayPal, which depend on traditional financial systems for permission to transfer money and on existing debit/credit cards, bitcoin is decentralized. 

Any two people can send bitcoin to one another from anywhere in the world without involving a bank, government, or any other institution. 

The blockchain tracks every transaction that involves Bitcoin. It is similar to a bank's log,

Which records the customers' funds moving in and out of the bank. It's simply a record of all bitcoin transactions.

Unlike a bank's ledger, the Bitcoin blockchain is distributed throughout the entire network.

Any country or company does not control it. Anyone can join that network.

You can either make money buying BTC at a low price and then selling it high, or you could lose money doing the opposite.