“The path Bitcoin is on is in some ways what PayPal was on. At first it seems strange … but it’s going to become more mainstream.”
Meanwhile, according to wikipedia.org a cryptocurrency is a medium of exchange. The very first cryptocurrency to begin trading was Bitcoin in 2009. You are the owner of your Bitcoin no one can take them away from you. Just a couple of days ago a 15 year old made a 100,000 in Bitcoins.(source)Bitcoin News Today) So there is oppurtunity here for any age.It is not link to no particular country.
More businesses are taking notice of
their customers that are using Bitcoin. The more merchants that accepts Bitcoin as a
payment is very good for all of us who will buy trade and sell them. Studies show that
people who use Bitcoin earn an annual income of around 50,000 a year. 35% make
a 100,000 a year. 26% make a 150,000 or more. (source)Bitcoin News: Five
Predictions for The Digital Currency 2014 By David Zeiler
More and more businesses are accepting Bitcoin everyday. If you are a business setup a account at coinbase and you can link to a bank to tranfer the Bitcoin into usdollars.
According to BCNN1 June 12,2014 all of Africa could be another nation involved in the Bitcoin exchange. Due to Western Union prices Bitcoin would easily cut into its business. Which most Africans know. Bitpesa has already help with sending money and receiving in and out of Africa. The big concern would be money laundering. Banks have been testing bitcoin trading systems, before they allow the public to use. It takes quiet bit of efforts to convince a country to try a new currency.
The boost of Bitcoin ATMs. Yes there already in Boston and other places.(source Nashoba Publishing Entertainment: Why A Bitcoin ATM is probabably Headed To A City Near You) By Meena Thiruvengadam It comes with a built in hand scanner to prevent money laundering. China does allowed it citizen the permission to use the Bitcoin but yet it is not concerted a currency.: sorce: efinancials January7,2014 Robocoin has been involved with helping several operators reach out to the government and local regulators to educate them on the benefits of the Bitcoin.
Futhermore, Bitcoins could be exchanged bought are sold online are thru mobile apps. Other option would be to become a miner you will have to solve mathematical problems. Bitcoin mining is basically someone who keeps track of Bitcoin transactions. A Bitcoin transaction is called a block. Old transactions are called a block chain. (source: Whatis.com) Miners are rewarded base on the number of blocks that have. So the more data they have saved the more they are paid.
According to BCNN1 June 12,2014 all of Africa could be another nation involved in the Bitcoin exchange. Due to Western Union prices Bitcoin would easily cut into its business. Which most Africans know. Bitpesa has already help with sending money and receiving in and out of Africa. The big concern would be money laundering. Banks have been testing bitcoin trading systems, before they allow the public to use. It takes quiet bit of efforts to convince a country to try a new currency.
The boost of Bitcoin ATMs. Yes there already in Boston and other places.(source Nashoba Publishing Entertainment: Why A Bitcoin ATM is probabably Headed To A City Near You) By Meena Thiruvengadam It comes with a built in hand scanner to prevent money laundering. China does allowed it citizen the permission to use the Bitcoin but yet it is not concerted a currency.: sorce: efinancials January7,2014 Robocoin has been involved with helping several operators reach out to the government and local regulators to educate them on the benefits of the Bitcoin.
Futhermore, Bitcoins could be exchanged bought are sold online are thru mobile apps. Other option would be to become a miner you will have to solve mathematical problems. Bitcoin mining is basically someone who keeps track of Bitcoin transactions. A Bitcoin transaction is called a block. Old transactions are called a block chain. (source: Whatis.com) Miners are rewarded base on the number of blocks that have. So the more data they have saved the more they are paid.
No comments:
Post a Comment