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    Bitcoin Investment KnowHow Made Easy
    Bitcoin Investment KnowHow Made Easy
    Bitcoin Investment KnowHow Made Easy
    Ebook119 pages1 hour

    Bitcoin Investment KnowHow Made Easy

    By Hillary Scholl

    ()

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    About this ebook

    Has the Crypto-Currency Reached its Peak  as Bitcoin Blasts Through $15000 Barrier  with Dramatic Rise
    Bitcoin is Making Headlines
    Bitcoin is changing financing in the same way that the internet changed publishing!
    What does the media say about Bitcoin?
    • Fortune.com - 7th Dec 2017:  Bitcoin Blasts Through $15,000 Barrier Despite Bubble Warnings
    • Business Insider US - Bitcoin heading for $10,000 as crypto market cracks $300 billion
    • USA Today- Nov 18th 2013 : “Lawmakers are grappling with how and whether to regulate the virtual currency”
    • Forbes- Nov 19th 2013 : “If you want to join the … party, be my guest. The value of a Bitcoin in dollar terms has tripled in the past month as the price has gone parabolic. Who’s to say it can’t triple again in the next month?”
       
    For those of you who keep track of the value of Bitcoin, you no doubt see all the fluctuations that are connected to this digital currency. Some people wonder if this means that there is a threat to the entire crypto-currency platform  or not?
    In the recent past the popularity of Bitcoin has gained new attention. The number of online and offline retailers accepting Bitcoin has grown substantially.
    One huge attraction of Bitcoin is that it has very low transactions fees associated with it. This is because no bank or government has control over this digital currency.
    Because Bitcoin is basically a code, could a group of users get together and try to gain control? This is thought to be highly unlikely due to the verification process of each transaction.
    As the history of Bitcoin only dates back to 2009 it is still very early in the evolution of this currency. It is difficult to predict the future and what will happen.
    As Bitcoin stands today it has no country boundaries and this is one aspect that people love. All transactions are done via keys with no names or identities attached to them.
    Investors  are becoming passionate about Bitcoin due to the lack of government involvement. They love that the banks can't dictate the value of this currency or assign transaction or exchange fees to it.
    For a monopolizing  threat to be real to Bitcoin, it would need to involve massive amounts of computer power and technology. If any one person or group would be willing to go this far, only time will tell.
    If you are considering entering the Bitcoin bubble, most experts suggest the ‘now rather than later’ approach. Any type of digital currency or stock market trading can be volatile. You just need to be aware of the risks and you must be willing to accept them.
    Feeling Confused?
    Not to worry you are not alone. One of the biggest issues with any digital currency is not knowing how to get started.
    Some of the most common questions asked about Bitcoin include:
    • What is cryptocurrency?
    • What is Blockchain Technology?
    • What is Bitcoin and  how does it works ?
    • What are the other popular digital currencies?
    • What are the coins market caps?
    • How can you start your own cryptocurrency exchanges?
    • Where can you make cryptocurrency exchanges?
    • How do I buy and trade Bitcoins and the best places to do so?
    • How do I prevent theft from my Bitcoin wallet?
    • How do I store Bitcoins the easy way?
    Bitcoin Investment KnowHow  Made Easy  will help you understand the latest  status  of working with this popular currency
    LanguageEnglish
    PublisherPublisher s21598
    Release dateMar 13, 2018
    ISBN9788827583265
    Bitcoin Investment KnowHow Made Easy

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      Book preview

      Bitcoin Investment KnowHow Made Easy - Hillary Scholl

      Sheet

      Bitcoin Investment  KnowHow –Made Easy

      Contents

      Disclaimers

      Foreword

      Cryptocurrency - The New Virtual Money

      How Are The Cryptocurrencies Value Determined?

      Bitcoin as an investment

      The Basis of  General Trading  of Bitcoins 

      Steps on How to  Purchase Bitcoin

      What’s  the Role in Bitcoin Mining?

      Online Wallets

      Strategies To Invest

      How To Collect More Bitcoin 

      Are You Ready To Start Trading Bitcoins?

      The Future Of Cryptocurrency

      Bitcoin Glossary

      LEGAL NOTICE

      The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet and the Global Financial system

      While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional.

      In practical advice books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

      This book is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting and finance fields.

      You are encouraged to print this book for easy reading.

      Bitcoin Investment KnowHow –Made Easy

      ©Copyright 2018 Hillary Scholl

      Bitcoin Investment KnowHow –Made Easy

      Foreword : -

      ––––––––

      Understanding bitcoins can be a complicated matter. It’s not something a person should just jump into without some kind of knowledge. With that being said, bitcoins are a type of digital currency that can be created via a free software application and transferred across the Internet without the use of financial institutions or clearinghouses.  This means that there is no physical form of this currency; it is not like a U.S. Dollar or a Euro, or even like a piece of gold or silver.  You cannot touch bitcoins and be in physical possession of them like you can physical currencies.

      ––––––––

      The best way for you to understand digital currency is by thinking of it as a code. The strength of the code makes the currency stronger. Cryptography ensures that the code cannot be accessed without proper authorization. This code has never been broken, though many people have tried!

      ––––––––

      How can Bitcoins be used then?  A computer, Smartphone, tablet, or any device with Internet access can easily transfer Bitcoins from one person to another, even in transactions between a user and a business website.  The number of bitcoins you have are stored in your digital wallet, which is similar to the screens you see when you use online banking forms to authorize transactions.

      When a Bitcoin transaction occurs, the bitcoin miners communicate over a Web-based network and add the transaction to transaction logs that record all Bitcoin transactions. 

      ––––––––

      Peer-to-peer file-sharing technology allows all transactions to be processed and documented.  An electronic signature is added, allowing the transaction to be stored on the Bitcoin network.  This transaction is there for all to see, though you can use multiple bitcoin accounts and not transfer large amounts of bitcoins to each account in order to help camouflage your activities. This hides your accounts from other Bitcoin users, so they do not know which accounts are yours.

      ––––––––

      Note: Another way to think of bitcoins and transactions is much like an app on your phone. For instance, if you have the Starbucks app installed on your phone, you know that you can go to any Starbucks, order a coffee drink and have it paid for through your app. Yes, you have loaded your card with money through your own bank account, but in a sense, no physical money has exchanged hands. Of course, with bitcoins you have to obtain them by some means, which we’ll discuss later.

      ––––––––

      Bitcoin is unlike other currencies because it is decentralized; no one agency (world or national) controls the regulation of it.  You may think because Bitcoins are a digital currency that there would be an unlimited supply of them, much like the space on a digital or virtual server. 

      However, thanks to a schedule planned by Bitcoin itself, there will be 21 million bitcoins in the year 2140.  This number will be reached by each update being reduced by half every four years until 2140.  At that time, there will be no more Bitcoins mined. 

      To further ensure that the exact number of 21 million Bitcoins will be in circulation in 2140, each Bitcoin is broken down into eight decimal places, leading to 100 million smaller units being created, known as satoshis.  The name is based on the founder of Bitcoin, a software developer named Satoshi Nakamoto. Many people think that this name is a mask and helps to hide the true creator of the software.

      ––––––––

      When mining is mentioned, this means that the free application that creates the Bitcoins is automatically adjusted to ensure that the bitcoins are mined at a predictable and limited rate.  There is a certain amount of processing work done by the bitcoin miner, allowing the network to control the exact number of bitcoins being circulated at any one time. 

      Bitcoins are being accepted at more and more retailers and other online sites throughout the world, changing the way people do business online.  For instance, domain registrar Namecheap has become the first major domain name registrar to allow the use of bitcoins as payment for domain name registration, Web hosting, SSL certificates, and WhoisGuard on Namecheap.  Coinality.com, a site that launched in September 2013, profiles jobs that pay in digital currencies, including Bitcoins.  Bloomberg TV said that Coinality.com is the Monster.com for jobs that pay in Bitcoin.

      As you can see, Bitcoin is gaining more influence in our world today.  The creators of Bitcoin believe that as bitcoins become more prominent and more mainstream, a true global economy will start to emerge.

      Unlike with physical currencies, Bitcoins and other digital currencies will not be hampered by the limitations and red tape of currencies, exchanges, and regulations.  As mentioned above, the creators of Bitcoin planned on bitcoins becoming a part of our future, as bitcoins are to continue flowing into the world until 2140. 

      ––––––––

      As a result, it’s likely that

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