> For the complete documentation index, see [llms.txt](https://glimpse.gitbook.io/glimpse/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://glimpse.gitbook.io/glimpse/learn/start-here-glimpse-basics.md).

# Start Here: Glimpse Basics

### What is Bitcoin?

**Bitcoin is digital money.**

It is money on the internet. It is not a stock. It is not an artwork. It is money you can send and receive.

A **sat** (satoshi) is a small piece of Bitcoin. 100,000,000 sats = 1 Bitcoin. On Glimpse, we count everything in sats.

***

### What do you do on Glimpse?

**On Glimpse, you predict things that will happen. You use Bitcoin to do it.**

Example: "Where will the Bitcoin price be tomorrow?" You choose an answer. You pay some sats for your prediction.

You do not buy stocks on Glimpse. You do not get loans on Glimpse. You only make predictions.

***

### What money do you use on Glimpse?

**Bitcoin only.**

You cannot use dollars. You cannot use a credit card. You deposit Bitcoin, you trade with Bitcoin, and you withdraw Bitcoin.

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### What happens if your prediction is RIGHT?

**You win. You get 100 sats for each contract you hold.**

Example:

* You buy 1 contract for 40 sats.
* Your prediction is right.
* You get 100 sats.
* Your profit is 60 sats (100 − 40 = 60).

If you hold 10 winning contracts, you get 1,000 sats (10 × 100).

***

### What happens if your prediction is WRONG?

**You lose. The Bitcoin you paid is gone.**

Example:

* You buy 1 contract for 40 sats.
* Your prediction is wrong.
* You get 0 sats. The 40 sats are gone.

You do not get your money back. You do not get half back. This is why you should never trade with money you cannot afford to lose.

***

### Quick summary

| Question                     | Answer                        |
| ---------------------------- | ----------------------------- |
| What is Bitcoin?             | Digital money                 |
| What do you do on Glimpse?   | Predict, using Bitcoin        |
| What money does Glimpse use? | Bitcoin only                  |
| If you are right?            | You win 100 sats per contract |
| If you are wrong?            | You lose the sats you paid    |

Remember one rule: **Right = 100 sats per contract. Wrong = 0 sats.**

You are ready for the quiz. Good luck!