5 Things You Need To Know About The Bitcoin Before You Invest Your Money

It has become clear that the new gold rush people are talking about is the Bitcoin.  The problem is that most people have no ideas what the Bitcoin is exactly, how it works, or the way that a transaction happens with this currency.  When they start talking about the Bitcoin on major TV shows like The Big Bang Theory, then you know it’s time to get educated about this kind of investment before you jump into the deep end with your portfolio.  Here is your guide on five things you need to know about the Bitcoin before you invest your money. What Is The Bitcoin? In the simplest of terms, the Bitcoin is a digital currency peer to peer online payment system.  It is created through something called block chain technology, but at its heart it is simply a peer to peer payment system.  What makes something like the Bitcoin unique to modern currency is that there is no central ...

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What Is A Bitcoin?

In the past several months, more and more people have been asking me about the stock market, the US Dollar, and just in general where the direction of the economy is headed. One of the questions that seems to have come up more over the past month is what is a Bitcoin? Are these fantasy dollars for those that play in the second life world? Are they coins that you can use at arcades and places like Dave & Busters? Are Bitcoins for real or are they just some other crazy scam that we should all be wary of in the future? According to www.bitcoin.org, Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could ...

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