Earn Money On Investing Bitcoins

Only days left and our calendar will turn to year 2018, expenditures will be sky rocketing since holidays are moving toward. Though, when did man learn and start to use money for trading goods, says it has been part of human history for 3,000 years now, there are 180 currencies across the world per recognized by United Nations. Millennials kindly welcome South Sudanese pound as the newest currency in the world, made official on July 18, 2011.

We will not talk further about physical currencies circulating in our hands or goodies that it can do to us neither serving as a legal tender to pay our debts. 

Interestingly, we will discuss about Bitcoin, syntax BTC or BTX, are stored in encrypted wallets secured with a private key, its the first decentralized cryptocurrency or digital currency, in the world created in 2009 by a software developer and enigmatic person/group Satoshi Nakamoto. Bitcoins can be used to buy commodities electronically or thru online payments. Bitcoins aren’t printed, its operating thru computers all around the world, using an opensource software. In our present date there are 1,371 cryptocurrencies circulating in our webspace, and Bitcoin is the one on top. Some countries such as Morocco, Bolivia, Ecuador, Kyrgyzstan, Bangladesh, and Nepal considered digital currencies, Bitcoin, illegal to use.

Written in thesis or white paper file, that was published on 31 October 2008; Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoin is carried out collectively by a network. Bitcoin balances are kept using public and private "keys," which are long strings of numbers and letters linked through the mathematical encryption algorithm that was used to create them, you will know this once you got your Bitcoin Wallet. 

The public key (comparable to a bank account number) serves as the address which is published to the world and to which others may send Bitcoins. The private key (comparable to an ATM PIN) is meant to be a guarded secret, and only used to authorize Bitcoin transmissions. 

Bitcoin is well liked due it protects the owners from theft, taxation, devaluation, confiscation, and everyone can participate from it such as Bitcoin mining, funding, selling, or trading. Bitcoin is also popular to authorities such as in law enforcement agencies, tax authorities, and legal regulators - all of which are trying to understand Bitcoins, yes,  who doesn't know them. In an attempt to control its use due there is no single institution controls the Bitcoin network in the whole wide world.

Here we listed top Bitcoin friendly countries, for the benefit of our readers. Most of the idea listed here are obtained from Allen Scott: 

Bitcoins in Estonia: one of the highest internet penetration rates in the world, a tech-friendly government want to implement innovations related blockchain technology for healthcare, banking services and in governance by allowing its citizens to become “e-Residents.”

Bitcoins in United States of America: it hosts the highest number of cryptocurrency users and Bitcoin trading volumes in the world.

Bitcoins in Denmark: is a forefront country in the world of the push towards eliminating cash in favor of 100 percent digital currency.

Bitcoins in Sweden: this country also want to eliminate cash or fiat currencies - Swedish Financial Supervisory Authority have legitimized the fast growing industry in the country by publicly declaring Bitcoin and  among other digital currencies as a mode of payments. 

Bitcoins in South Korea: one of the highest smartphone penetration and mobile payment rates in the world and a regular host of Bitcoin conferences and has provided a friendly climate for the local Bitcoin community.

Image from Google

Bitcoins in Netherlands: its know for Bitcoin City due Arnheim metropolis have with over 100 merchants which uses Bitcoin for common payments in the local. And their  banking sector, including ABN Amro and ING, has been increasingly looking at Bitcoin and the blockchain to enhance their own technology and cost cutting contingency.

Bitcoins in Finland: the Finnish Central Board of Taxes (CBT) regulator has classified Bitcoin as a financial service, exempting it, and bitcoin purchases from VAT.

Bitcoins in Canada: Toronto and Vancouver are known for Bitcoin metro which regulated under the anti-money laundering and counter-terrorist financing laws in this country following long deliberation in the Senate.

Bitcoin in United Kingdom: its existence of Bitcoin and blockchain related startups, BTMs, and an active community are increasing enormously.

Bitcoins in Australia: they recently moved to remove “double taxation” on Bitcoin, this country classifies bitcoin as an asset and therefore purchases made with bitcoin as barter.

| Coindesk

Currently its value per 1 Bitcoin is US$19,649.99 compare to its first value back in July 2010 which is only 0.08 US Dollar. For instance a news agency NRK published a report, back in 2013, a student in Norway named Kristoffer Koch, invested  his US$26.60 in 5,000 bitcoins back in 2009, which he almost forgotten about it not until Bitcoin was like a meteor shower all across the web until now, due to this luck his able to purchase his own apartment. Voila!

Bitcoin stores give you information every single transaction that have happened in the network in a large version of a general ledger, called a blockchain, which can provide you all the impressions you need. Basically if you publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address, they just don’t know that it’s yours.

Don't forget to have your Blockchain Wallet, you can sign up for free, its for your bitcoins to be stored in a private vault like in a bank.

This is a sample photo of your Bitcoin wallet, fair enough that the security of this blockchain wallet has multiple layers see it for yourself here:

Ascribable to deficient communication responses and faulty maintenance of some Bitcoin websites we eliminated those merchants in this article its to avoid confusion to the readers.

These are the lists of global Bitcoin top online traders, or exchanges, all were free to sign up to get your account, without any hassle, and you can start navigate their webpage:

Genesis-Mining| Founder: Marco Streng| Location: Reykjanesbaer, Iceland |Founded: February 2014 : Its a company that sells bitcoin mining contracts, currently one of the largest cloud mining companies, and the largest trader and investor in whole world scaling from 35-45 percent against its competitors. Genesis Mining is active in the Bitcoin industry and frequently seen at events in Paris, New Zealand, Los Angeles, New York City, and Hong Kong.

Coinmama| Founder: Nimrod Gruber| Headquarters: Ra'anana, Israel| Founded: April 2013| It has super fast and intuitive Exchange Platform Developed by Newbit Ltd, offers a quick way to buy virtual currency online using a Visa, Mastercard, Amex, Wire Transfer, or Western Union.

CoinSource| Key People: Sheffield Clark & Bobby Sharp|a leading Bitcoin ATM operator that control 36 percent of the trades in New York, also it enable its customers to buy and sell bitcoins in Las Vegas, and Chicago.

Coinbase| Founders Brian Armstrong & Fred Ehrsam| Headquartered in San Francisco, California| Founded July 2, 2011| its a digital currency exchange  that allow you to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat or physical money, or different digital currencies.

LocalBitcoins| Founder: Jeremias Kangas| Headquarters: Helsinki, Finland. Its service facilitates over-the-counter trading of local currency for bitcoins.

BitQuick| under company name: Athena Bitcoin, Inc.| Headquarters: Cincinnati, USA| Established: 2013| BitQuick is an online exchange to buy and sell Bitcoin, it allows you to easily buy or sell Bitcoin using cash or SEPA (Single Euro Payments Area) transfers.

CoinCorner| Founded: 2014| A European bitcoin exchange, you can make buying Bitcoin easier and it offers a mobile wallet app that lets you buy, sell, and transfer bitcoin on the go through an easy range of payment options like Bank transfer, Debit and credit card, or using eWallets like Neteller.

eToro| Founder & CEO:Jonathan Assiais| Headquarters: Limassol, Cyprus London, United Kingdom, and Tel Aviv, Israel| Industry: Financial services, Investing online, and Social investment|Services: Online Forex trading, financial spread betting, CFDs, and copy trading.

An improvement in our everyday life without too much pressure from anyone telling us what we should be or do with our selves. Imagine if Bitcoin will be a universal,(digital/crypto), currency that will forefront all trades in everywhere, in everything, and in everyone all will be much easier. Advantages like less costs in labor in regards to our financial institutions, in mining firms its pollution that it caused related to heavy metals, cutting off trees causing an increase in greenhouse effects, a decrease of use in plastic materials to lessen our exposure to carcinogens, and etchetera. Indeed a great way of helping to improve and save our planet, this Earth. Think of it. Do you have some bargains or an acquiescence reach me at qolfera@gmail.com.

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