What Is Bitcoin, How Does It Work, What Is It’s Price & Is It Safe.
Bitcoin is a cryptocurrency that uses encryption which allows users to effect transactions across the globe securely & quickly.
The popularity in Bitcoin is growing not least of all to its ever increasing value, making it an attractive investment, but also as people are beginning to lose trust in the traditional banking systems especially since the sub-prime mortgage scandal which destroyed many people.
Furthermore, all the bailouts the banks and other financial institutions received whilst clients were left to handle the fallout without any assistance lead to a general feeling of mistrust of the banking sector by the public.
It’s therefore not surprising that cryptocurrencies have seen a huge surge in popularity especially since the transaction costs are almost negligible compared to those of the banks.
Back in 2008 a Bitcoin could be bought for just a few dollars whereas almost 10 years later, just one already broken the $2,000 barrier and at the time of writing (May 2017) it’s heading for $2,500 per unit.
Having said that this cryptocurrency currency is extremely volatile and should not be invested in with your life’s savings or money that you cannot do without.
In other words do not gamble with it as it’s possible that you could lose it all, but on the other hand you could make a handsome profit.
What my Bitcoin experiment showed me was how easy it is to start trading & making money with bitcoins. I had only had a passing interest in this cryptocurrency but with it’s spectacular growth in recent months I was more…
Before you even think of how to make money with Bitcoin you need to signup with an exchange so that you can start buying bitcoins. Once you’ve bought some, or a fraction of a bitcoin (you don’t have to buy…
The bitcoin price prediction for 2017 is that it will pass the $3,000 mark and probably reach $4,000. Today (1 June 2017) it is $2,395.04 however, just a week ago (24 May 2017) the bitcoin price hit an all-time high…
10 Reasons You Should Buy Bitcoin In 2017 1. The Price Of Bitcoin Since Bitcoin was “invented” the overall price trajectory has generally been an upward one & looks likely to continue which is a pretty good reason to buy…
Hopefully you’ve read the basics about Bitcoin and you’re now ready to find out how to buy bitcoins. Whilst you can buy bitcoins from individuals or through exchanges, one of the most secure and easiest ways to get them is…
Not being able to hold an actual bitcoin in your hand contributes to the confusion when it comes to understanding how Bitcoin works. Furthermore, to understand how bitcoin works we’ll also need to know how the bitcoin price is determined…
Posted in Bitcoin
Tagged with: bitcoin investment
, bitcoin price
, bitcoin south africa
, bitcoin value
, bitcoin wallet
, how does bitcoin mining work
, How Does Bitcoin Work
, how to buy bitcoins
, how to get bitcoins
, is bitcoin safe
The incredible growth & perceived value of this cryptocurrency has led many people to wonder, exactly what is Bitcoin? Bitcoin is a form of digital currency using secure encryption techniques to regulate the creation of bitcoins (bitcoin mining) and to…