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    Bitcoin: What Everybody Ought to Know About Bitcoin - Bitcoin Mining, Bitcoin Investing, Bitcoin Trading and Blockchain: Cryptocurrency, #2
    Bitcoin: What Everybody Ought to Know About Bitcoin - Bitcoin Mining, Bitcoin Investing, Bitcoin Trading and Blockchain: Cryptocurrency, #2
    Bitcoin: What Everybody Ought to Know About Bitcoin - Bitcoin Mining, Bitcoin Investing, Bitcoin Trading and Blockchain: Cryptocurrency, #2
    Ebook55 pages50 minutes

    Bitcoin: What Everybody Ought to Know About Bitcoin - Bitcoin Mining, Bitcoin Investing, Bitcoin Trading and Blockchain: Cryptocurrency, #2

    By David Ritter

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    About this ebook

    Cryptocurrencies are staring to take over the world. These currencies have many benefits that make them popular with those who want to hide their purchases online, those who are interested in working with just online purchases, and even those who want to keep the government out of things.

    Bitcoin is the leader of these cryptocurrencies, and this guidebook is going to spend some time talking about how this digital currency works and even how you can use it to make some money. 

    There are many different topics that we can discuss when it comes to Bitcoin and how this currency is taking over the world. Some of the topics that we will discuss inside of this guidebook includes:

    1. What is Bitcoin
    2. What are the benefits of using Bitcoin over using traditional currencies.
    3. What is the blockchain
    4. How to mine Bitcoin
    5. The buy and hold strategy
    6. Investing directly in the Bitcoin company
    7. How to do trading with Bitcoin
    8. How to invest in the blockchain technology

    Learning how to work with Bitcoin and turning it into your vehicle for investing can be one of the smartest decisions that you make. Take the time to read through this guidebook and learn exactly how to make this happen!
     

    LanguageEnglish
    PublisherDavid Ritter
    Release dateJun 5, 2018
    ISBN9781976560422
    Bitcoin: What Everybody Ought to Know About Bitcoin - Bitcoin Mining, Bitcoin Investing, Bitcoin Trading and Blockchain: Cryptocurrency, #2

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      Book preview

      Bitcoin - David Ritter

      Introduction

      Congratulations on downloading this book and thank you for doing so.

      The following chapters will discuss some of the basics that you need to know to get started with Bitcoin. Bitcoin has really grown over the past few years. People like the idea of being able to use a decentralized currency that is based on a mathematical equation rather than having to worry about how the government will change the currency from day to day. Add in the ease of use, the security, and the ability to get transactions done quickly, and it is no wonder that so many people are falling in love with this option.

      This guidebook is going to go over some of the basics that come with using Bitcoin, such as the benefits and what Bitcoin is all about. It will then spend some time looking at the different ways that you can get into the Bitcoin market to make a profit. Many people choose to go with Bitcoin just because it offers easy way to make purchases and to send money. Not just that, but there are many potentials for earning money with your investment as well. This guidebook will show you some of the options that you can choose to ensure that you can make money from this process.

      Bitcoin has grown by leaps and bounds over the past year, and the trend looks like it is around to stay. Make sure to take a look through this guidebook to learn more about Bitcoin and how you can invest to make more money.

      There are plenty of books on this subject on the market, thanks again for choosing this one! Every effort was made to ensure it is full of as much useful information as possible, please enjoy!

      Chapter 1: What is Bitcoin?

      Bitcoin is becoming one of the most used cryptocurrencies available. Cryptocurrencies are completely online, unlike traditional currencies that are backed by the government or a central bank. They work similarly to traditional currencies in that you can use the money to pay for services and to make purchases, but there are some unique differences that are part of what makes Bitcoin and other online currencies.

      For example, instead of having a government running the currency, the Bitcoin is going to be produced by a mathematical code, with a limited amount of coins available for people to mine throughout time.

      While there are going to be a few differences between how traditional money and Bitcoins, in practice, you are going to be able to use the online currency in much the same way. This means that you can exchange your traditional currency to purchase some of the Bitcoin and then you will use the Bitcoin to make purchases, pay for services, send money, and even to receive payments if needed.

      The biggest difference that you will notice is that all the transactions with Bitcoin will happen online, so you will not be able to run to your local grocery store and make a purchase.

      The whole point of using Bitcoin as a currency is that it is created and used digitally and it is basically run by a large community. No matter where you live throughout the world, you will be able to join the network and use Bitcoin. If you want to get more Bitcoin, you will be able to offer your services, exchange your traditional money, or become a miner.

      The Bitcoin network makes it easy to process any of the transactions that you want to complete with Bitcoin, pretty much in the same way that you would use cash or credit cards, but it is more efficient and secure than most traditional money options.

      There are many reasons why people will choose to go with Bitcoin and other digital currencies, but one of the biggest reasons is because this currency is decentralized. You will never have to rely on the government or a big bank to deal with the value of the money, and no one will be able to mess with the money for his or her own personal gains, which is a big deal in today’s economy.

      As you can already imagine, Bitcoin is a currency that is a bit different than what most

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