Platinum Swing Trade Alerts

The 10-Buck Broker (Long-Term Stock Picks)

Announcement

Collapse
No announcement yet.

What Is Bitcoin & Why Is Cryptocurrency So Popular?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • What Is Bitcoin & Why Is Cryptocurrency So Popular?

    Bitcoin has been the buzz word in the financial space. As of a matter of fact, Bitcoin has exploded the scene in the last few years and many people and many large companies are now jumping on the Bitcoin or cryptocurrency bandwagon wanting a piece of the action.

    People are total new to the cryptocurrency space are constantly asking this question; "What is Bitcoin really?"

    Well, for starters bitcoin is actually a digital currency that falls outside the control of any federal government, it's used worldwide, and can be used to purchase things like your food, your beverages, real estate, cars, and other things.

    Why is Bitcoin so important?

    Bitcoin isn't susceptible to things like governmental control and fluctuations in the in the foreign currencies. Bitcoin is backed by the full faith of (you) the individual and it's strictly peer-to-peer.

    This means anyone complete transactions with Bitcoin, the first thing they realize is that it's a lot cheaper to use than trying to send money from bank to bank or using any other services out there that requires sending and receiving money internationally.

    For example, if I wanted to send money to let's say China or Japan I would have to have a incur of fee from a bank and it would take hours or even days for that fee that money to get there.

    If I use Bitcoin, I can do it easily from my wallet or my cell phone or a computer instantaneously without any of those fees. If I wanted to send for example gold and silver it would require many guards it would take a lot of time and a lot of money to move bullion from point to point. Bitcoin can do it again with a touch of a finger.

    Why do people want to use Bitcoin?

    The main reason is because Bitcoin is the answer to these destabilized governments and situations where money is no longer as valuable it used to be. The money that we have now; the paper fiat currency that's in our wallets is worthless and a year from now it'll be worth even less.

    We've even seeing major companies showing interest in the blockchain technology. A few weeks ago, a survey went out to a handful of Amazon customers whether or not they would be interested in using a cryptocurrency if Amazon creates one. The results from that showed that many were very interested. Starbucks even hinted about the use of a blockchain mobile app. Walmart has even applied for a patent on a "smart package" that will utilize the blockchain technology to track and authenticate packages.

    Throughout our lifetime we've seen many changes take place from the way we shop, the way we watch movies, the way we listen to music, read books, buy cars, look for homes, now how we spend money and banking. Cryptocurrency is here to stay. If you haven't already, it's time for anyone to fully study cryptocurrency and learn how to take full advantage of this trend that's going to continue to thrive throughout time.


    Article Source: http://EzineArticles.com/9902225
    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)


    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!


    Best FOREX Signals Software

    Stock Market Investing For Beginners


    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.


    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA
Working...
X