What is bitcoin? how does it work? what’s the future for bitcoin? and how to buy bitcoin?, this are very important questions for people that are just discovering the fascinating world of bitcoin and cryptocurrencies.
In this article, I will answer those very important questions and I will show you what’s possible for bitcoin and why bitcoin is one of the best inventions of history.
Then, I will show the easiest and fastest way to buy your first $100 worth of bitcoin and get $10 for free, so you can see for yourself the power of this incredible technology.
what is bitcoin?
Bitcoin in simple terms is a person to person electronic cash system that eliminates the need for financial institutions. You can send and receive funds anywhere in the world with very minimal fees in a matter of seconds.
That’s means that if you wanted to send a couple thousand dollars to your friend in Japan, you can easily do it instantly without the need to wait for days, or pay high fees, or wait for approval.
Bitcoin was create by an anonymous person called Satoshi Nakamoto back in 2008. His true intention was to create a truly decentralized digital currency that could be use by millions of users around the wold.
Bitcoin was intended to take the power from governments and banks and bring it back to the people. Bitcoin is the people’s money and you have full control of your funds and you can use it in whatever way you want without asking for permission.
The bitcoin systems is maintained by millions of computers around the world, which means there is no central point of attack and the government can do nothing to stop it. Each computer gets rewarded with bitcoin for maintaining the network and the number of computers joining the networking is increasing rapidly.
Unlike fiat, bitcoin has a limited supply of only 21 million, which makes it scarce and very valuable. The current circulating supply is around 17 million and there is only 4 million left to be mined.
what’s the future for bitcoin?
The big picture for bitcoin is very positive, this is definitely one of the biggest financial revolutions and opportunities in history. Bitcoin is creating new millionaires everyday and bringing millions out of poverty.
It’s definitely not too late to invest some money into bitcoin and be part of this great opportunity. Only 1 – 5% of the entire populations knows about bitcoin, which meas we are still at its early stages, and as more people get to know it and start buying it, the higher the price will go and the more valuable it will become over time.
The price of a single bitcoin at present time is around 10 thousand dollars and it will only go up in the next few years. You don’t have to rush and put a ton of money into bitcoin, take your time, do your own research and decide for yourself if this is something you would like to be a part of.
My only goal for you today is to buy your first $100 and decide for yourself if you like it. I truly believe in this technology and I can see the profound effect it will have in the economy.
How to buy bitcoin?
Now, the question is how to actually buy some bitcoin?, well the answer is very easy and I’m going to show you the best place to buy it and how to do it.
There are many places to buy bitcoin, but the best service I have used so far is Coinbase, with coinbase you can easily buy bitcoin with 3 simple steps, which I will be showing you next.
The Coinbase website is very easy to use and they have an app where you can buy and sell bitcoins using your smartphone. The best part is that when you buy your first $100 worth of bitcoin you get $10 for free.
Step 1: Go to the Coinbase website by using my link here: Coinbase.com
Step 2: go to sign up and create your account, you will receive a verification email, click the link to verify your account.
Step 3: once you verify your account, you will be taken to your dashboard. You can now add your bank account or credit card information by going to the buy/sell tab and make your first transaction.
From your dashboard you can check the real time price of bitcoin, also you are able to buy other two cryptocurriencies, Ethereum and Litecoin.
Where to store your bitcoin?
There are different ways to store your bitcoin, Coinbase is a great place to keep your coins, but if you want full control over them, I recommend downloading a personal digital wallet. There are many digital wallet, I personally use exodus wallet, which you can download from here: https://www.exodus.io.
You can also store your bitcoins in a hardware wallet, which is the safest options. I recommend this option if you plan to buy a lot of bitcoin and want to keep safe from hacking attacks.
I personally own %50 bitcoin, 25% Ethereum, and 25% Litecoin, i believe in this technology and I’ve seen my investment going up consistently. I first got in when bitcoin was trading at around $4000 and a few months later it’s around $11,000, which meas i will triple my money soon in just a few months.
The next months will bring even more gains, there is more room for growth and for great opportunity. Don’t hesitate, just invest a small part of your money and see for your self the what’s possible for bitcoin and other cryptocurrencies.
You will not regret making this investment and you will for sure be thankful for getting in while it’s still early. The demand for bitcoin is growing rapidly and the best part is, only a small amount of people know about bitcoin, plus there is only 4 million bitcoins left to be mined.
Think about that for a moment, the price will skyrocket in the next years, one single bitcoin will go as high as $100,000 if not more. Go out there, do your research, buy some bitcoin and your eyes will be opened to a new world of possibilities.
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