What Are Bitcoins?

Digital currencies are on the rise and their popularity is fueled by a number of different factors.

• 1. Bitcoin is decentralized - no central bank.
• 2. Bitcoin is anonymous - all transactions are private.
• 3. Bitcoin is convenient and cheap - instant, low cost transactions with no debit/credit card or bank required.

The advantages of bitcoin are clear, but what exactly is a bitcoin?

 

What is a “Bitcoin”?

Bitcoin is often described as being like something in between gold and a dollar bill - it’s not quite a currency (no one’s printing it) and it has elements of gold (limited supply). It is called a ‘digital currency’ and it can only be created and stored online. There is no single entity that controls bitcoin, all transactions are made ‘peer to peer’ i.e. from one individual to another and all transactions are entirely anonymous.

Bitcoins are produced by several users running computer scripts all over the world; these scripts solve difficult mathematical problems and once solved, an amount of bitcoin is ‘released’. These mathematical problems ensure that transactions are anonymous and it also gives rise to the term ‘cryptocurrency’ which is often used to describe bitcoin.

Bitcoin is used to purchase products and services electronically, and there’s an increasing demand for bitcoin in markets where anonymity and security is crucial.

Bitcoin is Decentralized

The best way to describe a bitcoin transaction is to compare it with a typical ‘cash in hand’ transaction from many years ago. When an individual purchases an item from another individual with cash, there is no government record taken to know that this transaction ever existed. While all bitcoin transactions are monitored on the ‘block chain’, much like cash payments, there is no record of the individuals involved in the transaction.

Bitcoin does not run through a central bank and there is no ‘bank’ that controls money supply by printing or removing bitcoin from the market. Bitcoin is produced through these mathematical problems mentioned above and there is a limited supply that cannot be manipulated by anyone, anywhere in the world.

This lack of government or bank control means that seizures of bitcoin are theoretically impossible. The impact that Black Friday had on the poker community many years ago cannot be repeated if players deal with bitcoin.

 

Who Created Bitcoin?

Bitcoin was developed by a software developer known as ‘Satoshi Nakamoto’. Satoshi grew tired of the conventional means of processing payments and the fees that came with them, so his idea was to create a currency that was unlinked from “legal” currencies and the associated transaction fees. This isn’t to say that bitcoin is free from fees, but the fees on transactions are heavily reduced and are insignificant in comparison to what you might expect from a wire transfer or PayPal.

 

Who Owns Bitcoin?

No one owns bitcoin; the currency is held entirely on the Internet and there is no single person, business or government with control over its supply or the rules on how it can be used. Bitcoin is generated by a ‘pool’ of bitcoin ‘miners’ that run these mathematical problems to solve the blockchain and earn bitcoin. This network of miners is also the very same network responsible for processing the transactions that take place, meaning bitcoin is not only a currency, but a payment network as well.

Are There Unlimited Bitcoins?

Bitcoin is limited because the protocol that established the network is forcibly capped at releasing around 21 million bitcoins. However, this is 21 million ‘whole’ bitcoins. A single bitcoin can be divided into halves, quarters, tenths and still transacted - in fact, the smallest possible amount of bitcoin is called a ‘Satoshi’ and is 0.00000001 of 1 bitcoin. In this regard, there is plenty of bitcoin to go around.

 

Bitcoin Mining

Bitcoins deviate from the norm when compared with traditional currency. Traditional currencies were once based on the value of gold and silver. Consumers could then look to the price of gold and silver to get an understanding of what their currency was worth. But bitcoin shares none of these traits, and is based on mining and mathematical problems alone.

Users across the world are running software programs to solve the mathematical problems that produce bitcoin. The Bitcoin network has an estimated 100,000 active users at any given moment, which continues to grow on a daily basis as more and more ‘miners’ attempt to earn bitcoin.

 

5 Key Points to Remember About Bitcoin

Now that you have a good understanding of bitcoin, be sure to keep in mind these 5 key points when it comes to using the cryptocurrency:

• 1. Decentralized: there is no one central authority for bitcoin. Banks, governments and businesses cannot control transactions and are unable to seize funds from any bitcoin users.
• 2. Easy to use: once you’re familiar with bitcoin you will find it easy to use. Accounts can be set up in minutes while bank accounts can take months with various hoops to jump through. There are no questions and no fees to setting up a bitcoin wallet.
• 3. Anonymity: spend your money on what you want, when you want. Bitcoin is an anonymous way to transfer value through the Internet - go have fun!
• 4. Transparency: the blockchain publicly stores all transaction information for anyone to see, meaning that while transactions are anonymous, they are entirely transparent.
• 5. Free from fees: one of the most important wins for bitcoin is that the fees pale in comparison to a traditional money processor. Sending the equivalent of $0.01 through the Internet is now easy and makes microtransactions more accessible for everyone anywhere in the world.

Bitcoin : The Modern Day Gold Rush

Dear Friend,

You might be already aware of this NEW digital currency known as BITCOIN, you might have heard it from the news, or even from your friends... and you’ve even heard about some of the stories being told about overnight millionaires that seem rather surreal.

But I am here to grab you by your Shirt’s collar and say this..

‘Listen Up Pal!... Wake up! It’s all real... the question is... what are you DOING right now to take advantage of this?’

SO...if you are curious on how you too can rake a piece of this PROFITABLE Pie,

..then read on...

 

First of all, let me fill you in with some crazy facts as an attempt to reel you in and get you to understand the magnitude of the phenomenon that we are experiencing at this very moment.

Bitcoin price was around $10 at about a year ago... But today it’s worth $600 or more per coin and It was at an all-time high of $1250 per coin.

Only 21million Bitcoins will ever exist in this world... which means it value will keep going up as it becomes more ‘rare’ in the future.

Lamborghini now accepts BITCOIN for purchasing of their cars!

You can use BITCOIN to pay for your trip to SPACE! Courtesy of Virgin Galactic a company by Sir Richard Branson.

A Norwegian man bought $27 worth of Bitcoin in 2009, forgets about them... and founds out that it is worth over $850k!

Since the rise of BITCOIN, other cryptocurrencies have emerged and bloomed... and now their market worth is about $10 billion! (this number is growing everyday... are you in it yet?)

Bitcoin and cryptocurrencies cannot be controlled by the government, the people owns it!

... and so much more!

The growth in bitcoin is tremendous and undeniable, and so are other cryptocurrencies. There’s nothing that can stop this from steadily increasing. Yes, there might have been some setbacks here and there which causes the price to drop a little and then it will start to rise once again.

The true power and motivating factor here is that people ‘BELIEVE’ in this new found digital currency, and they know it’s the future. Each day the amount of people jumping on board this train is unbelievable... it’s no wonder why no one can actually stop this mad upward momentum.

Here’s the thing... getting started with Bitcoin isn’t always going to be a picture painted with flowers, butterflies and sunshine all the time.

In fact, this is the real deal and people are making money from it and there is without a doubt that there are a lot of people out there who are losing money as well.

That’s right...

...you 'can' actually lose money from this and you will definitely feel overwhelmed if you go into this blindly. And not only, that, many find themselves utterly lost and not knowing how to start and thus they will hesitated.

If you want to fast-track yourself and go from ZERO to HERO in just Days... raking in Bitcoins and pile up on other cryptocurrencies building inevitable wealth, there NO better way than following the safe and proven ways that are carefully presented within here...

That’s right, follow the exact roads paved by experienced Bitcoin Investors and learn the inside out of making money with cryptocurrencies. This guide will take you from knowing nothing about the game, and get you to acquire your first digital money and finally build a Bitcoin Empire of your own... all by following proven money making models that works.

You’ll be guided by a complete and easy to understand guide on Bitcoin and Cryptocurrencies –This effectively cuts down on your learning curve and confusion and gives you a competitive edge against other new Bitcoin investors.

Discover the 3 Main methods that are being used to make money right now - includes both FREE and PAID Methods. Note: Free methods are usually slower but have less risk on you... while Paid methods can speed things up for you dramatically.

Carefully documented and organized guide complete with Illustration ensures that you can understand a complex subject easily. This isn’t just a Bitcoin Guide... it’s about Cryptocurrencies in general as well.

Learn the 4 Trading strategies that experts use to trade between the cryptocurrencies and Bitcoin that can’t go wrong.

Acquire a Simple Quick Start Guide that clears all confusions, and get you laser focused to move into the earning stage.  No previous experience required.

... and so much more!

Listen... as in all powerful money making trends, you need to act fast before it’s too late. You need to jump in while the market is still hot and fresh to ensure that you become one of the pioneers in the game.

Now the Bitcoin World is still in its BABY stage and thus this makes it the perfect time for you to go in while things are starting to stabilize and get ready for the next wave... because when it hits... it’s going to hit really hard and if you are ready for it... you are going to make so much money, it’ll make other online money making methods look irrelevant (and pointless).

That’s right, Imagine, just taking one of the FREE methods from our Bitcoin RUSH guide and acquire yourself 0.01 amounts of Bitcoin and at the end of this year... it could be worth 10x or even 50x more than your investment today!

My Bitcoin & Ethereum Mining

How Bitcoin Mining Works?

Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. 

More info: www.bitcoinmining.com

The Era of Digital Gold

The Era of Digital Gold

For over 10,000 years, humans treated physical gold as the ultimate store of value. Countless nations and currencies rose and fell, but gold remained because people valued the six properties that make it good money – scarcity, divisibility, portability, verifiability, recognizability, and fungibility.

In modern economies, fiat currencies have been brutalized by hyperinflation, war, and monetary reform, resulting in an average life expectancy of just 27 years. In an increasingly electronic financial system, digital currency offers investors an alternative: a scarce, global, apolitical, digital gold.

                                                                            28/3/2016