The world is abuzz with the term Bitcoin and with a good reason — it has reached $16032 in value against the US dollar. You’ve probably read a dozen articles explaining Bitcoin and still couldn’t understand what it actually is. Understanding Bitcoin can be really challenging. So, I’m here to help. I’ll help you to understand Bitcoin in the simplest manner and answer most of the questions surrounding it. HIGHLIGHTS Bitcoin has been on a crazy run in 2017 Many first time investors are getting on board as speculators There are fears that this is a bubble that's getting close to its limit The value of Bitcoin keeps rising. As we write this, in the last few days itself, Bitcoin has risen nearly $3,000, and is now valued at around $14,800 . Less than a month, ago it was nearly 40 percent of that, listed at $5,750 on November 12. Value in INR as of today (22:00) And if you had invested at the start of the year, you'd be sitting on over 14x returns right now, as a single Bitcoin was w...