What type of Bitcoiner are you?
Take this quiz to find out what type of Bitcoiner you are.
Take the Bitcoiner test! Figure out what type of Bitcoiner you are with these simple 10 questions.
1. How did you first hear about Bitcoin?
- A) Through tech or finance forums early on
- B) Friends or social media talking about investments
- C) Saw something on the news about price fluctuations
- D) Who cares? Still not sure what the big deal is
2. What do you think is Bitcoin's greatest value?
- A) It's the only true decentralized, censorship-resistant money
- B) Hedge against inflation and a great investment opportunity
- C) A cool idea but mostly for tech enthusiasts
- D) Nothing. Just hype with no real use case
3. How often do you check Bitcoin's price?
- A) I don’t care — I’m in it for the long game
- B) A few times a week
- C) Whenever the news mentions a big move
- D) Why would I check it?
4. What would you do if Bitcoin dropped 50% in value overnight?
- A) I don't really care about price but I guess, buy more — it’s on sale!
- B) Hold on and ride out the storm
- C) Panic a bit and consider selling
- D) "Told you it was a scam"
5. How do you store your Bitcoin?
- A) Extra secured cold storage
- B) On a secure wallet I trust
- C) I'm not sure, I think an exchange?
- D) I don’t own any, never will
6. How do you feel about altcoins (other cryptocurrencies)?
- A) They’re distractions. Bitcoin is the only one that matters
- B) Some have potential, but Bitcoin is king
- C) I like exploring new coins for investment
- D) They’re all just internet Monopoly money
7. What does "HODL" mean to you?
- A) A way of life
- B) A solid investment strategy
- C) A meme I’ve seen online
- D) No idea
8. How do you envision Bitcoin’s future?
- A) It will replace traditional money
- B) A major financial asset alongside stocks
- C) One part of a broader digital economy
- D) Probably fades away when the hype dies
9. Have you ever tried to convince someone to buy Bitcoin?
- A) Absolutely — everyone needs to know the truth
- B) A few close friends or family
- C) Not really, but I share news articles sometimes
- D) No, and I wouldn’t
10. What’s your ideal Saturday morning?
- A) Reading Bitcoin research and stacking sats
- B) Checking crypto prices while having coffee
- C) Hanging out with friends
- D) Ignoring all this crypto nonsense
Take a look at your answers....
Count up all your answers, and add up the letters you picked the most to find out what type of Bitcoiner you are.
Mostly A's : Bitcoin Maximalist
🧢 You're a True Believer.
To you, Bitcoin is the only path to a sound financial future. You don’t just stack sats — you live and breathe Bitcoin philosophy. Altcoins? Distractions. Fiat? A fading relic of the past. You’re HODLing for freedom, decentralization, and a brighter future for humanity.
Mostly B's: Bitcoin Believer
🚀 You’re Bullish on Bitcoin.
You see Bitcoin as a revolutionary force and a solid investment. You might dabble in altcoins here and there, but Bitcoin is your cornerstone. You believe in its long-term potential and aren't afraid of a little market turbulence.
Mostly C's: Bitcoin Casual
💸 You're Curious, but Chill.
Bitcoin is interesting, but you're not obsessed. You probably own a little (or think about it) and check the price every now and then. You're open to learning more but not ready to go all-in just yet. Balance is your vibe.
Mostly D's: Bitcoin Skeptic
🤔 Still Not Sold.
You're not convinced Bitcoin is all it’s cracked up to be. Whether it’s the volatility, environmental concerns, or just feeling like it’s overhyped, you have your doubts. Maybe you’ll come around—or maybe not. Either way, you're keeping your distance for now.
Looking to safely buy Bitcoin? Check out Bitbuy or Coinsquare, two regulated options for Canadians to buy and sell Bitcoin.
Disclaimer: Bitcoin.ca is owned and operated by WonderFi Technologies Inc. (TSX:WNDR), a publicly traded owner and operator of regulated crypto trading platforms Coinsquare and Bitbuy.
Frequently Asked Questions About Investing in Bitcoin
Here are frequently asked questions about how to invest in Bitcoin in Canada and the broader aspects of the crypto sector:
Bitcoin is a digital currency that was created in January 2009 in the wake of the Global Financial Crisis and following the U.S. housing market crash. It is decentralized, meaning it operates without a central authority like a bank. Bitcoin transactions are verified by network nodes through cryptography and registered in a public distributed ledger called a blockchain.
Bitcoin uses decentralized peer-to-peer technology to operate without a central authority. The network processes transactions collectively. Bitcoin’s blockchain ensures transparency and security by recording every transaction in a public ledger.
You can purchase Bitcoin through cryptocurrency exchanges. You will need to create an account, verify your identity, and link your bank account or credit card. Once set up, you can buy Bitcoin by placing an order on the exchange.
Investing in Bitcoin carries risks. The market is highly volatile, and prices can fluctuate dramatically. Security is also a concern. It is essential to store your Bitcoin in a secure wallet. Additionally, industry experts recommend using reputable exchanges and enabling two-factor authentication to protect your investments.
1. Accessibility: Bitcoin is accessible to anyone with an internet connection.
2. Decentralization: Bitcoin operates independently of traditional financial systems.
3. Diversification: Adding Bitcoin to your portfolio can diversify your investments.
4. High Returns: Bitcoin has historically provided substantial returns.
1. Market Manipulation: The market can be manipulated by large players.
2. Regulatory Risks: Government regulations can impact Bitcoin’s value and legality.
3. Security Risks: Hacks and scams are prevalent in the crypto space.
4. Volatility: Bitcoin prices can be extremely volatile.
Store your Bitcoin in a secure wallet. There are two types of wallets:
1. Hot Wallets: These are connected to the internet and are more convenient for frequent transactions but less secure.
2. Cold Wallets: These are offline and provide higher security, ideal for long-term storage. Examples include hardware wallets like Ledger and Trezor.
Bitcoin is considered property for tax purposes in many countries. This means you’ll need to report capital gains or losses when you sell Bitcoin. Regulations vary by country, so it’s important to consult with a tax professional.
There are numerous resources available:
1. Books: “Mastering Bitcoin” by Andreas M. Antonopoulos
2. Websites: CoinDesk, CoinTelegraph
3. Courses: Online courses on platforms like Coursera and Udemy
4. Forums and Communities: Reddit (r/Bitcoin) and other crypto forums
Investing in Bitcoin is a personal decision and depends on your risk tolerance, financial goals, and investment strategy. It’s essential to do your own research and consult with financial advisors to make informed decisions.
Yes, many merchants and businesses accept Bitcoin as a payment method. It is also possible to use Bitcoin to pay for services and goods online and in person. However, its use as a currency is still limited compared to traditional currencies.
Still have questions?
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