What is bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.
For more info, checkout bitcoin.org
Why we need bitcoin?
First, bitcoin is a hedge against inflation or financial crisis. Fiat money lose its value every single day. Rich people can dump fiat money for properties or stocks. But how about poor people, the ones who have cash based living, they hurt most if hyperinflation comes.
Second, bitcoin is more convenient than banks. Half the world's population don't have bank accounts. Even if they have, it is the norm to pay a monthly fee just for the privilege of owning a bank account. Owning a bitcoin account doesn't require any privilege.
Get A Wallet
Before you can begin to get bitcoins, you first need a wallet. A Bitcoin wallet is a digital wallet which stores your Bitcoin balance and allows you to transact with other users online and offline. All wallets can communicate with each other similar to emails, so you can send and receive bitcoins to anyone regardless of the type of wallet they use.
We recommend blockchain.info for first time users.
Reddit would be a good place to track bitcoin news.
Right now more than 120,000 people subscribe to the bitcoin subreddit.
Never invest more than you can afford to lose. We recommend new bitcoin users buy a small account every week or month.