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Solutions To Financial Struggles

WHAT IS BITCOIN AND STEPS TO INVEST IN IT.

The video explanation is credit to https://www.weusecoins.com/

 

What is Bitcoin Part 1
A digital currency, used to make payments of any value without fees. It runs on the blockchain, a decentralised ledger kept running by “miners” whose powerful computers crunch transactions and are rewarded in bitcoins
 Who invented it? 
Satoshi Nakamoto, a secretive internet user, invented bitcoin in 2008 before it went online in 2009. Many attempts to identify Satoshi have been made without conclusive proof
 What’s it for?
People see value in money free from government control and the fees banks charge; as well as the blockchain, to verify transactions. Bitcoin has been seen as a tool for private, anonymous transactions, and it’s the payment of choice for drug deals and other illegal purchases
Is it worth anything? 
Yes. As of July 2017, there were around 16.5m bitcoins in circulation. In March 2017, the value of a Bitcoin, at $1,268, exceeded that of an ounce of gold ($1,233) for the first time.

WHAT IS BITCOIN PART 2
Bitcoin is a worldwide/global and universal digital currency (cryptocurrency) that uses a public ledger system (called blockchain) to record & verify all transactions.

The backbone of Bitcoin existence is bitcoin mining, without mining there can never be bitcoin. It is the process of generating/making bitcoins through an algorithm mathematical process.

Bitcoin is a useful way of moving money yourself to the next person across international borders with no middle man like banks, thus resulting to very low costs. It is completely decentralised meaning it is not controlled by any government, regulating body, individual company, or person nit rather transactions are kept across a distributed network of computers with no single point of failure or single centralised control.

As a customer of the banking institutions you give them full control of your money with a “hope” that they are trustworthy and will hold your money. But with Bitcoin you don’t have to rely on this trust because the only person who can access your account is you (becoming your own bank)!!

Bitcoin is immune from inflation in the traditional sense, because it cannot be manufactured or counterfeit – only driven by demand and supply! Though the value goes up and down, the growth trend is upward.
To own and make use of bitcoin, you need to have a bitcoin wallet which is free & non-discriminatory to open.

BELOW IS HOW YOU WILL GET INVOLVED IN BITCOIN

What is Bitcoin Cloud Mining in simple terms?

The video explanation is credit to https://www.bitcoinmining.com/

Bitcoin Could mining is the process of making money through bitcoin transactions that happen daily on the blockchain system and you buy a contract from the company that owns the physical bitcoin mining machines since you do not have 1 and from there you just watch your money working for you daily.

Here is how you will buy bitcoin:
To buy bitcoin with as little as R50/$5 and invest in it visit: https://www.luno.com/invite/62T64 .

For Bitcoin cloud mining you can check: https://www.genesis-mining.com/signup

To buy physical bitcoin machine check out: https://www.bitmart.co.za/

 

NB: INVEST MONEY YOU ARE NOT AFRAID TO LOSE. I WILL TAKE NO BLAME SHOULD ANYTHING GO WRONG.

BELOW THE BONUS VIDEO OF HOW THE BITCOIN SYSTEM IS SUSTAINED AND WHY YOU SHOULD TRUST INVESTING IN BITCOIN.

Video explanation credit to https://www.bitcoinmining.com/

 

I hope Bitcoin makes sense to you now.

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