What is Bitcoin?

 Bitcoin is on a trajectory that will eventually catapult it into bubble territory, with an end target of $25,000 or more. Many expert believe it will top off as high as $1 Million US Dollars a coin but only the future will tell.

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Why Bitcoins?

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Acquiring Bitcoins

Buy on an Exchange
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. “CoinBase” is one of the most popular bitcoin exchanges.

Transfers
People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.

Mining
People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 25 bitcoins roughly every 10 minutes. Nowadays this has become to costly for most individuals.

Owning Bitcoins

Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money.

You can access your wallet on a Your Smart Phone or Computer.

Anonymity

Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.

When I saw this chart, immediately I saw dollar signs.

Over the lifetime of mining bitcoins, the final amount is set to be 21 million coins. Nothing more and nothing less. Doesn’t it make total sense to be a part of this NOW?

 

You are about to be totally blown Away….

Allow me to introduce You to the amazing and very Lucrative world where You Will Double Your Bitcoin in 90 Days Or Less. (Cha-ching) Save the Bitcoin or trade it for Cash…Either way you win.

 

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