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bitcoin

Definition and Bitcoin History:

Bitcoin is a new currency that was created in 2009 by an unknown person using alias name : Satoshi Nakamoto. Transactions are made without middle men and banks. There are no transaction fees and no need to give your real name. Bitcoin is unique form of currency and just like ordinary general files. The file is encryption of unique codes that make no equal to one another. And as mp3 files or word file you have in your computer device, bitcoin files can also be stored in a computer or flash disk or software called bitcoin wallet. In addition, bitcoin can also be saved in bitcoin storage services on the internet cloud server.

 

Here, I will Briefly Describe Three Steps in Generating Bitcoin.

 

STEP ONE : You must create a wallet 

Wallet is a place to collect/store your bitcoins that you have obtained from various generating bitcoin sources. To get the address of bitcoin wallet, please register on Coinbase (click Here) or Xapo or Blockchain.

coinbase

STEP TWO : How to get free bitcoin? 

There are many ways to obtain/generate bitcoins. They could be obtained freely without any charge and without a penny or we could also make investment on the way to get bitcoin. The following ways explain how to get free bitcoins without requiring capital.

  1. Getting free Bitcoin; see the article at the link below :

               1.1  Faucet Bitcoin

               1.2  Spin Bitcoin Faucet; This faucet is offered by ePay.

Goldday

faucet-epay

  1. Dogecoin Faucet; Dogecoin is one altcoin (alternative coin) that are most often committed by bitcoin hunters to increase the coffers of bitcoin. Here are some popular altcoin faucet that you can run.

 

STEP THREE : Using your Bitcoin

You could sell-buy your bitcoins wisely for the sake of convenience, along with fellow bitcoin users in world’s largest bitcoin market. Bitcoins can be used to buy merchandise anonymously. In addition to international payments, it could be used easily and cheap, because bitcoins are not tied to any country regulation. More merchants are beginning to accept bitcoin where you can buy web hosting services, pizza or even manicures.

Price per one bitcoin is varied every day. It is fluctuating significantly and it could have low value, and in the next day will be very high. Therefore, the hackers everywhere, issues concerning burglary account number is true. It is needed to utilizing a number of safety with various kinds of patterns and logarithms in order to enhance the security of the account of each member belonging. This is done to limit the movement of the hackers and build the convenience of the bitcoin users and future transaction tools.

 

Furthermore,  

 

If You Want to Know and Learn More about Bitcoin, You Could Enhance your Bitcoin Knowledge by using these Manuals  :

  • Bitcoin Income Kit  : Here is exactly how you can make $100 in 10 minutes without traffic and without technical know how.

 

If you still have any questions regarding bitcoins, please don’t hesitate to contact me and get in touch with me if you ever need anything.

 

Find my best advise for “LEGITIMATE HOME ONLINE BUSINESS” here.

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49 Comments

  1. Debra

    Your website must be listed in the wrong category because my interests are only Animals and Self Help, yet yours appeared when I offered comments. You should double check and make sure your website is in the right category – that way, you’ll receive BETTER comments from people who are interested in this niche and can offer more valuable feedback/comments. Your site looks fantastic, though.

  2. Tasos Perte Tzortzis

    Hello there , I have heard so many things about bitcoins but never took the time to investigate their existence and usage.

    Nice video , it explained a lot that I was missing.I have to study a little deeper though to understand the true benefits of this currency.

    But I can hear a lot of people complaining of bitcoin scams.A lot of people lost their coins and could not find a solution.

    Are there so many bitcoin scams out there , as it happens with internet marketing products?

    Can we secure 100% the transactions?

    Thx for the heads up , I was looking for it.

    • johnsonb

      Hi Tasos! Ya, There are always scams in online business and I believe we have to do research for avoiding it. In my website, I have suggested we try to get free bitcoin first before knowing the real bitcoin business and get involved deeply. Cheers, johnsonb

  3. Hannah

    I was wondering how long it would be until I found a website on bitcoin here!

    Nice one. I used to run a bitcoin faucet so this is of real interest to me.

    I could never really manage to earn a living purely in BTC though, I think that’s because I was new to building website and earning online – so I didn’t really know what I was doing.

    This site is coming along really well – keep spreading the word about Bitcoin!
    Hannah.

  4. Victoria

    HI
    I am glad I came across your post relating to Bitcoins. I have come across other write ups and articles about Bitcoin but have always been put off investigation further as I could never quite understand the Bitcoin completely. I am sure there are scams out there and research is always necessary.
    There is a pub around here that has been accepting Bitcoin for some time – so perhaps Bitcoin mining is something I should investigate further right away!!!!
    Your video proved very informative.
    Thank you
    Victoria

  5. Excellent post but I was wondering if you could write a litte more
    on this subject? I’d be very grateful if you could
    elaborate a little bit further. Thank you!

    • johnsonb

      Thanks! Actually, beside bitcoin I will give information about Wealthy Affiliate program, where I found my real online business started.

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    I really love your site. Very nice colors & theme.
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  7. Manu

    Thanks for that concise introduction to bitcoins. I didn’t realise there was such a vast market developing and it seems like something I should look into more. Do you what industries are more inclined to accept Bitcoins for this coming year? Also would you be able to further explain why there is such fluctuations in the pricing?

    • johnsonb

      Hi manu, The reason companies use bitcoin because of practicality and simplicity, but it should be adjusted again with government regulation in each country. Based on the condition above there a market; buyer and seller that determined the price of bitcoin. I will provide an update of new industries that accept bitcoin in my site regularly.Thanks.

  8. Linda

    I have heard about bitcoins for a few years now, but didn’t really know anything about them. I am so glad I came to your site and could learn not only what they are, but how to use them. I think I am a little confused about the wallet, is this the same as the payment wallets online? I enjoyed the video very much, and I think your site has sparked an interest here. I will have to check out the site weusecoins.
    With Kind Regards,
    Linda

    • johnsonb

      Hi Linda, Thanks for stop by and leave your comment in my site. Ii you asked about bitcoin wallet, it like email that we use for paypal transaction, so bitcoin wallet must has bitcoin address. There are three kinds of bitcoin wallet : Software Wallet is a wallet that must be installed on your own computer; Mobile Wallet is a wallet that can be installed in the mobile phone so that it can carry while traveling; Web Wallet is a wallet stored on third party servers, which are companies that provide storage services bitcoin.

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  21. Alexandria

    Well this is a topic in which you inspired me to look at and research what is bitcoin the is working toward one world currency i just explained how i play star trek and the game itself has it’s own currency this is interesting how this is going to effect the world currency.thanks for the keep me posted and linked i want to link your web site to mine rsi green energy network.org my next article I don’t have to tell you that your web site don’t look too good to the eye but the information is very valuable use more you tube videos….

  22. Kirsten

    Bitcoin its not sound familiar to me, when you said that created by unknown person it is not worth to trust then. Even its work for a few years already. Your video is quite fun to watch. I’m prefer to spend time and invest wealthy affiliate than collecting Bitcoin.

  23. Linda

    Thanks for the information. Great video. I have always wondered exactly what Bitcoins were. It sounds like something I may want to investigate further.

  24. Jayme

    Interesting stuff! I’ve heard about Bitcoin and know about the guy who created made a fortune off of it and stuff. I’m still kind’ve confused from it though, is it like earning points, and then using those points to purchase something? Great article though, I’ll have to look more into it for sure to fully understand

  25. Riaz Shah

    Hey Johnson,
    Bitcoin sounds very promising but I never had the chance to learn more about it deeper until I came across your article. Is it like Forex whereby buying bitcoin has uncertain prices?

    But man I’m really interested in learning more about how I can earn from Bitcoin. Its not tied to any country so how does the price fluctuate if you don’t mind me asking?

    • admin

      Hi Riaz! Thanks for your visit. I will try to answer your question :

      Bitcoin prices can go up or down unexpectedly during a short period due to the economy that is still young, new, and sometimes it is not a liquid market. As a consequence, at this time you are not recommended to save in bitcoin. Bitcoin should be regarded as high-risk assets, and you should not keep too much money is at risk of missing the Bitcoin. If you accept Bitcoin, many service providers that allow you to exchange it instantly into your local currency.

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