On Bitcoin Buying Sites in 2017 have become a very well known and popular question over time. OK, so what’s Bitcoin?
It’s not an actual coin, it’s “cryptocurrency,” a digital form of payment that is produced (“mined”) by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost.
Bitcoin was invented after decades of research into cryptography by software developer, Satoshi Nakamoto (believed to be a pseudonym), who designed the algorithm and introduced it in 2009. His true identity remains a mystery.
This currency is not backed by a tangible commodity (such as gold or silver); bitcoins are traded online which makes them a commodity in themselves.
Bitcoin is an open-source product, accessible by anyone who is a user. All you need is an email address, Internet access, and money to get started.
Is Bitcoin A Good Investment?
Bitcoin is mined on a distributed computer network of users running specialized software; the network solves certain mathematical proofs, and searches for a particular data sequence (“block”) that produces a particular pattern when the BTC trading is applied to it. A match produces a bitcoin. It’s complex and time- and energy-consuming.
Only 21 million bitcoins are ever to be mined (about 11 million are currently in circulation). The math problems the network computers solve get progressively more difficult to keep the mining operations and supply in check.
This network also validates all the transactions through cryptography.
How Does Bitcoins work?
Internet users transfer digital assets (bits) to each other on a network. There is no online bank; rather, Bitcoin has been described as an Internet-wide distributed ledger. Users buy Bitcoin with cash or by selling a product or service for Bitcoins. Bitcoin wallets store and use this digital currency. Users may sell out of this virtual ledger by trading their Bitcoin to someone else who wants in. Anyone can do this, anywhere in the world.
There are smartphone apps for conducting mobile Bitcoin transactions and Bitcoins exchanges are populating the Internet.
How is Bitcoin valued?
Bitcoin is not held or controlled by a financial institution; it is completely decentralized. Unlike real-world money it cannot be devalued by governments or banks.
These cashless transactions are fast and the processor can convert bitcoins into currency and make a daily direct deposit into the establishment’s bank account. It was announced in January 2014 that two Las Vegas hotel-casinos will accept Bitcoin payments at the front desk, in their restaurants, and in the gift shop.
It sounds good – so what’s the catch?
Business owners should consider issues of participation, security and cost.
• A relatively small number of ordinary consumers and merchants currently use or understand Bitcoin. However, adoption is increasing globally and tools and technologies are being developed to make participation easier.
• It’s the Internet, so hackers are threats to the exchanges. The Economist reported that a Bitcoin exchange was hacked in September 2013 and $250,000 in bitcoins was stolen from users’ online vaults. Bitcoins can be stolen like other currency, so vigilant network, server and database security is paramount.
How Much To Invest In Bitcoin
• Users must carefully safeguard their bitcoin wallets which contain their private keys. Secure backups or printouts are crucial.
• Bitcoin is not regulated or insured by the US government so there is no insurance for your account if the exchange goes out of business or is robbed by hackers.
• Bitcoins are relatively expensive. Current rates and selling prices are available on the online exchanges.
The virtual currency is not yet universal but it is gaining market awareness and acceptance. A business may decide to try Bitcoin to save on credit card and bank fees, as a customer convenience, or to see if it helps or hinders sales and profitability.
Are you thinking about accepting Bitcoin? Do you already use it? Share your thoughts and experiences with us.
Looking for a Bitcoin Buying Guide? Wondering where to start? People have a lot of misconceptions about bitcoin – the very first widely known and accepted cryptocurrency worldwide.
A lot of people think for example that only hackers and shady people use it. However bitcoin is actually going mainstream with everyone from TigerDirect to Expedia.com to Dell and even Subway accepting payments in bitcoin now.
Buy Bitcoin Instantly With Debit Card
Well, bitcoin has a lot of benefits over other currencies. For example, you can send bitcoins to someone as payment without having to go through the bank middleman (and get hit with extra fees). It’s also much faster than sending money via a bank wire or transfer. You can send bitcoins to someone and have them receiving the coins in seconds.
With all of this, it’s no surprise that many people are now trying to buy bitcoin for the first time. However it’s not as easy as going to your bank and withdrawing bitcoins – or going to a store and plunking down some hard-earned cash for bitcoin.
The system works a bit differently than that. This Bitcoin Buying Guide will go over a few things you need to know before you buy – so you can buy safely and securely.
Take your time and research the different places to buy before you decide. Factors to consider include coin prices, extra fees, method of payment and customer service.
Lets Learn Bitcoin Trading in South Africa
Once you’ve found a place to buy, get your funds ready (i.e. you may send a wire transfer or use your Visa to fund your account). Then wait for a good price. (Bitcoin prices are always fluctuating 24 hours, 7 days a week). Then place your order when you’re ready.
Once your order is filled and you have your coins, you’ll want to send them to your wallet. Simply enter your bitcoin address and get the seller to send you your bitcoins. You should see them show up in your wallet within minutes to an hour (depending on how fast the seller sends them out).
Voila, you are now a bitcoin owner. You can now send coins to pay for other goods and services, or hang on to them for a rainy day.
One last thing to remember: bitcoin is still in its infancy. There are huge price swings and the currency can be risky. Never buy more bitcoins than you can afford to lose.
Bitcoin Buying Sites in 2017 ?
Bitcoin hey guys Simon Jordan here co-founder of lay CEOs and today I'm gonna be explaining why I'm not investing in Bitcoin, and why I think you shouldn't either Alright guys, so I know this is probably gonna piss a lot of people off But I wanted to give you my thoughts on building real businesses and investing in real income producing assets, and why in 2018 I'll be focusing all my energy of things I can actually control now of course I'm not saying you can't make any money on Bitcoin of course you can but the truth is the vast vast Majority of people are gonna lose all their investment than this so in order to explain Why more clearly I'm gonna jump on my computer right now, and show you Alright guys, so I know this is gonna turn a lot of people off and you know that's fair enough If this isn't what you want to hear then you know you can watch another video telling you how amazing? Bitcoin is and that you should be investing your Remortgaging your house and throwing it into Bitcoin You know if that's if that's what makes you happy then you know stick with those videos but I want to give my own opinion on Bitcoin and In my opinion bitcoin is a complete waste of money for the vast vast majority of people now joining in the hype train and Investing into it so so right now bitcoin is the hot new thing and therefore.
I'm sorry before Before that it was gold and it was silver and before that it was the dot-com bubble and so on and so on and so on right we see these things come Upon us all the time now all of this What bitcoin is it? This is speculative investing and if you're looking for a way to change your life and make Lots of money online.
This is probably the worst possible way you could go about doing it So you're essentially gambling in my opinion okay? You may as well take your money whatever money You're willing to invest and you know head down to Vegas and throw it in some you know some blackjack games or slot machines Because you have as much chance there of becoming a millionaire or losing your money as you have in investing in such a volatile and Commodity like Bitcoin now.
I wouldn't even call it a commodity because it's backed by nothing and has actually no intrinsic value whatsoever except the value that a newbie investors and put on it, so The thing about Bitcoin let me just get my pan out here right so Bitcoin mm-hmm Well the first thing to say that people are extremely Emotional when it comes to money okay, and so right here right here this is Emotional investing this is what you're seeing here these are That's what we're experiencing right here with people getting at the Bitcoin who think that they know what they're doing and they're being driven By extreme optimism right so everyone's telling them that this is amazing it's gonna go up to this much, and it's gonna keep going on forever and They're more driven by the fear of missing out right they're seeing news reports They're seeing experts and they're seeing all these YouTube videos of different people telling them to invest and they're seeing it grow and grow and grow and they're So scared of missing out that they take their money, and they pump it in and that's why you're getting this spike Right here, that's what that is.
This is all the newbies that don't really know what they're doing being afraid that they're missing out and throwing their money in this super super high risk and volatile Bitcoin so All these people that are jumping in they do not have the skillset to be getting involved in this kind of investment They're total newbies being driven by emotion.
Okay, so what you have to understand is that there are people who have spent years Of their lives and hundreds of thousands of dollars on the best business and finance schools right there to get their education to know What they're doing in order to learn how to get in right here, okay? That's all the people who know what they're doing or even even beforehand even in here right all the people who? Have invested in their education and understand Vallot.
I'll and stocks shares These all these people have gone in here so that they can milk all the newbies Who they will inevitably? Come in here, okay? Thinking that this is going to go on forever and that they're gonna get rich quick.
It's fueled by that mentality You know that they want the easy? Sexy you get rich quick thing that's on the internet and right now bitcoin Is that at the point that I'm making here is that yes people who have years of experience? And a track record of investing in volatile High-risk stocks will make money But if you're new to all this and you're thinking that this is an easy get-rich-quick Investment that you just can't miss out on just be prepared to lose all your money That's what I'm saying in my opinion a good entrepreneur always minimizes risk in their investments and Should not be getting involved in something like this now as we all know as I've said before Bitcoin is hot right now and everyone and their grandmother are having these these small wins right so You know and there's certainly investment wizards and financial advisors And this gives people false confidence So they go for the next wing and the next wing and the next wing and then you know eventually the whole thing crashes and you know Uncle Bob the investment wizard for the last two months loses the majority of his investment and If you want to be successful online doing your own thing building your own business then you don't want to invest you're Already high risk online revenue into another high risk super volatile asset so Let's say you're in affiliate marketing like me or you've got a social media agency Or you're a drop shipping or whatever.
This is already a high risk activity, okay? It's already a high risk business like my business affiliate marketing in the beginning.
It's high risk cause you know you learn it You've got it you gotta figure it all out.
You've got to you know get some courses.
You don't get some sort of training I Figure this thing end and I'm tired it's high-risk, but the more you learn and the more you gain control You know the less the less high-risk It is so you know Let's say you make 100k right the last thing you want to do is drop that 100k into another high-risk stock Like Bitcoin all right you don't want to you don't want to put your money into something So you know as volatile as this it already takes a lot of time learning and Energy to manage.
You know my business affiliate marketing so I don't want to have my money in something so high-risk That's gonna.
Take a whole lot more time and learning and energy on top of that so You know and if you do have money to invest the smartest thing to do is really to put your money into something like real estate, or safe stocks that actually yield dividends year-on-year, you know like safe stocks and Assets that have actual real value behind them okay now I know that these aren't sexy stocks like Bitcoin But let's let's take a look at one of the best right the best investors in the world Warren Buffett So where does Warren put his money does he put it in Bitcoin? No, he does.
Not right let's have a look at Warren Buffett's and stocks I mean just get this pan off, so let's go into Warren's Stocks right now.
What's Warren got here? Okay, so if we have a look at What Warren Buffett is investing into they are all big safe reliable and? Stocks you know that are gonna yield dividends and like I said, they're not the sexy stocks They're not that you're gonna.
Make you know you're gonna quadruple your your investment overnight, but it's it's it's you know It's a it's gonna.
Do you see here? It's got a dividend growth streak 44 years, Walmart, okay, and dividend yield 2.
1 percent, right a Bank, or dividend growth streak six years right everything that he's putting his money in is You know it's big it survived Johnson Johnson fifty five years right and and these stocks are gonna Give you yields.
You know anywhere between sort of two three to ten percent per year Right, but he knows that he's protecting his initial investment He's not gonna lose his initial investment And his money is Working for him right so he has this diverse portfolio all these different things that he's investing his money And I'm like I said if it's not stocks.
It really should be real estate.
You know if you understand real estate and You know put it into property and investment property Rental property it has a little coca-cola right so I mean like I said these stocks are not big sexy you know mega You know quadruple your investment overnight, but what these things? Do is they mean that you're they mean that your investment is safe and that your money is yielding dividends okay, and that's what smart Investors do okay, so like I said they're boring But they're very safe stocks like I like we just went to like coca-cola like Apple like General Motors Okay Because he knows that his investment is very very low risk that's gonna give him those yields year-on-year Because these assets have real value and not imaginary value like Bitcoin okay so bitcoins value It means nothing okay, its growth is now determined by what a bunch of beginners Right think it's going to be worth in the future right.
It's it's value is is Determined by that so and those beginners are basing that belief on their emotions that greedy get-rich-quick fear of missing out And that drive that makes them jump in and take huge risks with their money ok Another better thing to invest your money on is yourself right so invest in books Books on investing you know books on building an online business digital courses.
You know things that you can actually use and grow and you know become successful and in whatever it is you're trying to do and obviously at life CEOs We're involved in affiliate marketing is our business And it's a business we have full and complete control over a safe and predictable monthly income stream ok so Like I said before it's it really isn't hard to do well in and it's you know It's a much safer bet than you know taking this big gamble on big point You know me mortgaging your house or selling your car to buy bitcoins.
You know, it's just there's so many better ways to invest your money guys really and so and Yeah, if you'd like more information on how to get started you know in affiliate marketing I'll leave a link to our website in the description below So you can start learning and growing a real online business with us instead of just throwing it all Into a Bitcoin which is a really really really bad idea in my opinion, so what do you think about Bitcoin? Are you investing or not leave it in the comments below? and if you enjoyed this video Don't forget to give us a thumbs up subscribe to the channel and click that Bell icon So you don't miss any videos from life CEOs in the future.
I'll see you guys in the next one.
Bitcoin Buying Sites in 2017
Almost everyone now knows about Bitcoins and Bitcoin trading. While most people have had success with the currency, there are others that have faced challenges. If you are planning on getting into the market here are some of the things you should be wary of:
The bitcoin wallet
To use the coins, you need a digital wallet. It can be an app, hardware or cloud based. Some Bitcoin companies help beginners by automatically generating the wallets for them. You can store the purses online or offline. For security reasons, save yours online and ensure that the password protects it. Avoid an online wallet as it can easily be hacked. If you have to use the unit keep a limited amount of money in it.
While this is the case, it doesn't mean that you shouldn't be conversant with the prices in the market. Regularly visit forums and related places to find the current prices of the coins. Who knows you might find it profitable selling it at the current prices?
Why Buying Into Bitcoins?
Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized to a network of computers used by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency that has gained the public's attention and is accepted by a growing number of merchants. Like other currencies, users can use the digital currency to buy goods and services online as well as in some physical stores that accept it as a form of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.
There are several major differences between Bitcoin and traditional currencies (e.g. U.S. dollar):
- Bitcoin does not have a centralized authority or clearing house (e.g. government, central bank, MasterCard or Visa network). The peer-to-peer payment network is managed by users and miners around the world. The currency is anonymously transferred directly between users through the internet without going through a clearing house. This means that transaction fees are much lower.
- Bitcoin is created through a process called "Bitcoin mining". Miners around the world use mining software and computers to solve complex bitcoin algorithms and to approve Bitcoin transactions. They are awarded with transaction fees and new Bitcoins generated from solving Bitcoin algorithms.
- There is a limited amount of Bitcoins in circulation. According to Blockchain, there were about 12.1 million in circulation as of Dec. 20, 2013. The difficulty to mine Bitcoins (solve algorithms) becomes harder as more Bitcoins are generated, and the maximum amount in circulation is capped at 21 million. The limit will not be reached until approximately the year 2140. This makes Bitcoins more valuable as more people use them.
- A public ledger called 'Blockchain' records all Bitcoin transactions and shows each Bitcoin owner's respective holdings. Anyone can access the public ledger to verify transactions. This makes the digital currency more transparent and predictable. More importantly, the transparency prevents fraud and double spending of the same Bitcoins.
- The digital currency can be acquired through Bitcoin mining or Bitcoin exchanges.
- The digital currency is accepted by a limited number of merchants on the web and in some brick-and-mortar retailers.
- Bitcoin wallets (similar to PayPal accounts) are used for storing Bitcoins, private keys and public addresses as well as for anonymously transferring Bitcoins between users.
- Bitcoins are not insured and are not protected by government agencies. Hence, they cannot be recovered if the secret keys are stolen by a hacker or lost to a failed hard drive, or due to the closure of a Bitcoin exchange. If the secret keys are lost, the associated Bitcoins cannot be recovered and would be out of circulation. Visit this link for an FAQ on Bitcoins.
Bitcoin will likely gain more public acceptance over time, but its price is extremely volatile and very sensitive to news-such as government regulations and restrictions-that could negatively impact the currency.
Therefore, I do not suggest investors to invest in Bitcoins unless they were purchased at a less than $10 USD per BTC because this would allow for a much larger margin of safety.
Otherwise, I believe that it is much better to invest in stocks that have strong fundamentals, as well as great business prospects and management teams because the underlying companies have intrinsic values and are more predictable.
Disclosure: Victor Liang has has no positions in Bitcoins and has no plans to change his position in the next 72 hours.
Bitcoin - Should You buy Bitcoin Shares?
For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its introduction in early 2009. It has risen steadily since and has hovered around $4000 per Bitcoin recently. So regarding Bitcoin value or the Bitcoin rate this is a most remarkable appreciation of value and has created many, many millionaires over the last eight years.
The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in its purchase along with other Asian countries. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in that country. That action drove the value of Bitcoin down for a short time but it soon surged back and is now close to its previous value.
The Bitcoin history chart is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be "virtual gold" and released the first Bitcoin software in early 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold had to have a finite supply. So in creating it they capped the supply at 21 million Bitcoin.
Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, government decides when and where to print and distribute it. With Bitcoin, "miners" use special software to solve complex mathematical problems and are issued a certain number of Bitcoin in return.
A question that then arises is, is Bitcoin mining worth it. The answer is NO for the average person. It takes very sophisticated knowledge and a powerful computer system and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in past years.
The Bitcoin exchange rate USD is a closely watched benchmark both on a daily basis and long term over the last 8 years since its introduction to the world's financial marketplace. A popular company to receive the most current rate in Bitcoin valuation is XE. They show Bitcoin to USD valuation and also the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin to USD chart. If you ask, "How much is one Bitcoin?" you will always know from their continuously updated charts.
Similar questions that come up in this area relate to the bitcoin rate history, the bitcoin price chart live, the bitcoin to dollar exchange rate, the bitcoin dollar chart and the bitcoin 5 year chart. The previously mentioned website, xe, is also a good source for answers to these questions.
Regarding Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that enables you to do this. WikiHow is another company that will take you through this process.
Bitcoin projected value is a subject often discussed. In January of 2015 the price of one bitcoin was $215. Currently it is around $5000. This is a phenomenal increase and one far beyond what most experts would have projected at that time. Currently in reviewing forecasts from experts around the world a common answer seems to be that the top value will settle in at around $10,000 and one expert even projected a value reaching $100,000.