At a price of $100,000 per bitcoin, how many sats is one dollar?
Then prove it: a 3-question quiz · a challenge. The lesson marks itself complete at 100%.
After this lesson you can: name the real risks before you touch any money.
People use bitcoin to send value anywhere without a bank, to save in small amounts over time, and increasingly to pay through faster layers such as Lightning.
Three things people do with it.
The risks, plainly
Volatility. The price has fallen by more than half several times in its history. Money you may need soon is a different matter from money you can leave alone.
Irreversible mistakes. A transaction sent to a wrong address usually cannot be undone.
Lost keys. If you lose your keys and your backup, no one can restore them.
Scams. Fake giveaways, impersonators and "guaranteed return" schemes target newcomers.
Regulation and tax. Rules differ by country and change over time.
The biggest falls from a peak so far. Money you may need soon should not be exposed to this.
Learning first
Nothing here tells you to buy or sell. Read, test with tiny amounts if you choose to act at all, and use the DCA calculator to see how history looked rather than to predict the future.
01Losing your keys means losing the coins, with no recoveryNo one can restore lost keys. Backups are your responsibility.
02Learn first, then test with small amounts if you choose to actUnderstanding before action. The rest of the Learn section is here for that.
03Understand how Bitcoin works before deciding whether to use it; nothing here tells you to buy or sellThe course is educational; understanding comes before any action.
