If you have never heard about crypto currency, today is the day to learn. Get a head of the crowd and make some money when you can, before it turns into the norm. Why not make a few bucks and play with a few different currencies that are floating around the web in today’s world. Today you will learn about bitcoin, one of the crypto currencies that you will start to hear more and more about in the months and years to come. It’s almost like those ads that you read about forclimbing shoes for wide feet. If you do your research, you will learn a lot more about what it is you are curious about. Research is key with everything, especially learning about crypto currencies. You are lucky you stumbled across the right blog because most of your questions about bitcoin are about to be answered.
First Things First, What Is Cryptocurrency?
Crypto Currency is another form of money but online. It is a digital form of money. Since it is only affiliated with the Internet it actually uses cryptography. Cryptography is imputing information into the system to unveil a code, so in other words it’s mining and coming to conclusions with the right code. Cryptography is all about security and using secure communication. Now that brings me to our first crypto currency, which is bitcoin. Bitcoin was born in 2009 and is currently at $7000.00 USD as we speak. To think that bitcoin started out, as .01 of a dollar and now to buy one bitcoin you would need $7000.00 USD. That is how amazing bitcoin is right now. Of course it is an investment and I do not advise you to invest in something that you cannot afford to lose. However if you want to research more into it and watch the market that is what I would advise you to do at this point. It’s only so long that the world will switch over to using money via the Internet. Look how far we have come already with technology. We already use debit cards to pay for goods and services instead of cash. You can already use bitcoins to pay for meals and goods in some places too! In order to buy a bitcoin you have to have a secure wallet to put it in on blockchain. You will get a private key for your wallet so that only you can have access to it. Remember these cryptocurrencies are top-notch security.
When you make a transaction you will do so on blockchain. The wonderful thing about bitcoin is it’s not like the stock markets. It can be traded 24/7. Therefore there is not official price for one bitcoin it is very volatile. There is also no official bitcoin exchanges, in fact there is hundreds and hundreds of exchanges and that’s what keeps bitcoin so exciting.
It’s important to keep up to date on technology and by doing that you could make quite a bit of money!