Platinum Swing Trade Alerts

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

Announcement

Collapse
No announcement yet.

How Bitcoin Works

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

  • How Bitcoin Works

    Bitcoins are a decentralized form of crypto currency. Meaning, they are not regulated by a financial institution or the government. As such, unlike a traditional bank account, you do not need a long list a paperwork such as an ID in order for you to establish what's known as a bitcoin wallet. The bitcoin wallet is what you will use to access your bitcoins and to send bitcoins to other individuals.

    How To Setup An Account

    You can acquire a bitcoin wallet from a bitcoin broker such as Coinbase. When you open up a wallet through a certified broker, you are given a bitcoin address which is a series of numbers and letters, similarly to an account number for a bank account and a private key which is a series of numbers and letters as well, which serve as your password.

    How Does Bitcoin Work As An Anonymous Payment Processor

    You can do 3 things with bitcoins, you can make a purchase, send money anonymously to someone or utilize it as an investment. More and more merchants have been accepting bitcoins as a form of payment. By utilizing bitcoins instead of cash, you are essentially making that purchase anonymously. The same thing goes for sending money, based on the fact that you do not have to submit a mountain of payment in order for you to establish a bitcoin anonymously, essentially you can send money to someone else anonymously.

    How Does Bitcoin Work As An Investment

    The price of a bitcoin fluctuates from time to time. Just to put things in perspective, back in the beginning of 2013, the average price of a bitcoin was approximately $400 per bitcoin, but by the end of 2013, the price for bitcoin rose to over $1000. This meant that if you had 2 bitcoins worth $800 in the beginning of 2013 and you stored it as an investment by the end of 2013 those two bitcoins would have been worth over $2000 instead of $800. Many people store bitcoins due to the fact that the value of it fluctuates.

    Bitcoin Casino and Poker Sites

    Due to the anonymity of bitcoin the gambling industry has taken up bitcoin as a payment method. Both bitcoin casinos and bitcoin poker sites are coming to life and offering their players to make deposits, play with bitcoin at the tables and withdraw directly to their bitcoin wallet. This means that there's no taxes or possibilities for government control. Much like a regular Nevada casino where do you don't need to register anywhere and all your transactions are anonymous.

    How Do You Send Bitcoin

    In order for you to pay for goods and services or to send bitcoins to an individual, 3 things are needed. Your bitcoin address, your private key and the individual's bitcoin address. From that point, through your bitcoin wallet, you will put 3 pieces of information, which are: input, balance and output. Input refers to your address, balance refers to the amount of bitcoins you are going to send and output is the recipient's address.



    Article Source: http://EzineArticles.com/8797112
    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