About Bitcoin & Cryptocurrency
Bitcoin (created 2009) was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies like Ethereum, Ripple and Monero have been created, frequently called altcoins.
Bitcoin and its derivatives use decentralized control as opposed to centralized banking systems.
The decentralized control is related to the use of bitcoin's blockchain transaction database.
Since the Bitcoin Boom in 2017 Cryptocurrency ICO's raised over $4.500.000.000 and most of them continue to grow daily.
Believed to be bubble by many, called a "new world currency" by enthustiasts. However, Bitcoin is not a currency by fundamental standards, it's more like a complex money transmission system, as legendary investor Warren Buffet explained.
Also cryptocurrency, being technically untraceable, is known to be used in many illegal transactions and money laundering, therefore some countries are already heavily working regulating and even banning Bitcoin and cryptocurrency, e.g. Japan and China.
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions,
to control the creation of additional units and to verify the transfer of assets. Cryptocurrencies are classified as digital currencies
and are also classified as alternative currencies and virtual currencies. You should always consider that getting involved with any cryptocurrency involves not only high possible returns, but also a high risk.
Nevertheless many governments worldwide have started to get familiar with Bitcoin and cryptocurrency, e.g. the United Kingdom, with the Bank of England having stated to work on a Bitcoin-style cryptocurrency (Ukoin).
In the US, Bitcoin and other cryptocurrencies have been recognized as a convertible virtual currency,
which means accepting them as a form of payment is exactly the same as accepting plain cash, gold or gift cards.
In 1998, a computer specialist named Wei Dai published a description of "b-money", an anonymous, distributed electronic cash system.
Shortly after "bit gold" was created. Like Bitcoin and other cryptocurrencies that follow it,
bit gold required users to complete a proof of work function with solutions being cryptographically published.
A cryptocurrency based on a reusable proof of work was then created by Hal Finney, following the works of Dai.
Investing In Bitcoin & Cryptocurrency
Bitcoin has captured the world's attention.
Whether or not Bitcoin and other cryptocurrency will ultimately turn out to be a good investment or just another bubble remains to be seen.
In the past several months Bitcoin prices have enjoyed an increase that makes the 1999 dot com bubble look boring by comparison.
That excitement and the promise of sudden riches has a lot of people wondering how a Bitcoin or cryptocurrency investment actually works.
Like any speculative investment, buying Bitcoin, especially at current valuations is very risky business.
If you’re asking yourself : “Is it smart to invest in Bitcoin or other cryptocurrency?” you might want to consult your financial advisor first.
You need to know that your Bitcoin or cryptocurrency investment might lose money, matter of fact you may lose everything you invested.
If you’re not prepared to face that prospect, cryptocurrency investments might not be for you.
If you are fully aware of the risks and still willing to take it, this is what you need to know about investing in Bitcoin and Cryptocurrency :
Cryptocurrency exists in an unregulated digital sphere without involvement by a government or central bank.
This is part of Bitcoin’s mission and the whole purpose of cryptocurrency. Anyone can buy and sell cryptocurrency anonymously, and there are fewer parties taking a cut of transactions.
Once you have purchased Bitcoin or other popular Cryptocurrency like Ethereum, Ripple, Monero or Litecoin, it stays in your digital wallet until you trade it — by using it as currency for a purchase, or by selling it.
In 2018 you can also just buy bitcoin via mainstream investing tools like a brokerage account, using Bitcoin futures.
Earn Bitcoin & Cryptocurrency Online
There are many ways how you can earn Bitcoin and other cryptocurrency like Ethereum, Monero and Ripple online.
One option is cloud mining, which means you have to give others access to your computers power to mine Bitcoin or cryptocurrency.
But we don't recommend this method as it involves high security issues. The better option is by working online from home and getting paid in Bitcoin and other Cryptocurrency.
You can get paid for simple taks like surfing or viewing ads, but you can also make money from ads when you have a own website or blog. You can even join one of the many affiliate programs paying
affiliates in Bitcoin. You can earn Bitcoin from home and receive payment within hours. Thanks to Bitcoin, there's no more waiting for checks or bank transfers to clear.
All you need to start earning is a Bitcoin wallet for receiving payments - sometimes not even your email address. It doesn't get easier than this.
On many websites that offer you to earn Bitcoin you also alternatively get paid in other Cryptocurrency like Bitcoin Cash, Ethereum, Dash, Ripple and more.
For that reason we recommend getting your online wallet to earn cryptocurrency online with Gate.io, which allows
you to hold balances in almost all large cryptocurrencies right now, in one wallet. Also it's completely free to sign up and to use the cryptocurrency wallet.
If you want to earn Bitcoin by completing tasks and getting paid for surveys,
you can sign up for free to websites like BitcoinReward and start earning cryptocurrency within minutes.
If you want to earn other cryptocurrency like Monero, Ripple or Dash you can sign up at EarnCrypto to get paid in almost all currently traded cryptocurrencies.
Many Bitcoin related stores also offer Bitcoin or cryptocurrency affiliate programs and registering is often optional - all you need is a cryptocurrency wallet.
If you have your own website or blog you can display ads on your pages and get paid in Bitcoin using platforms like A-Ads and get paid daily.