Bitcoin currency seems to be a little bit complex. I have relatives who owned it. Do you know the general gist of it?
user
Sure, Bitcoin is a digital currency that is virtual, or in the “cloud”. You can spend Bitcoin anywhere around the world.
assistant
It seems like a pretty volatile market.
user
Yes, there are some pretty big swings in the price of Bitcoin, which is the value per unit of the currency.  There are other reasons to be cautious around Bitcoin, which is why many people choose to invest in it.  One is that the security of Bitcoin’s blockchain, which is the main way transactions are stored, has been subject to attacks and hacks.  Another reason is that Bitcoin does not have any government or central bank backing it, which makes it difficult for anyone to determine how valuable it actually is.
assistant
Bitcoin currency seems to be a little bit complex. I have relatives who owned it. Do you know the general gist of it?
user
Sure, Bitcoin is a digital currency that is virtual, or in the “cloud”. You can spend Bitcoin anywhere around the world.
assistant
It seems like a pretty volatile market.
user
Yeah, the price is really hard to predict.
assistant
Bitcoin currency seems to be a little bit complex. I have relatives who owned it. Do you know the general gist of it?