WeBitcoin: Beginner and How to Guide

How to Use Bitcoin and Become Richer Guide

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The tricky way to save money and to make online transactions without 3 rd party interference</h3>
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<img alt="How to Use Bitcoin and Become Richer Guide" border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifKx4ZVKYAd9sZTcirNqk3Voyf0f4X6LgQl-pu7MlmmeEpGxYe8_O5A_yegExayk05-WQZW-hxyRvEsfitqNCLZIo2J9HHvnafgB_NggBZHsIW5v_ReBHjxNZKlTNHqDGuPRdN4tzDIqw/s320/Bitcoin+Guide+to+Become+Rich.jpg" title="How to Use Bitcoin and Become Richer Guide" width="320" /></div>
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“The tricky way to save money and to make online transactions without 3 rd party interference ”.</div>
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This book contains proven steps and strategies for using the Bitcoin as a currency wallet. It is a mean of online transaction with 100% encryption system. This book is guiding you about how to become a user of Bitcoin, how to get intact with Bitcoin coin through cloud and PC.</div>
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This book is calling Bitcoin as a money maker. Through this book, you can know how to save money through Bitcoin and how to become richer. Bitcoin does have two major methods of money making. These are Trading and saving. The depth of information about these methods is given in this book.</div>
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Bitcoin is getting its fame all over the world. It came into being in the year of 2009 and now it is in use as a free money transactional system. It means, Bitcoin does not require any of the third party central systems like banks for transactions.</div>
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Read this book and get to know about the real benefits of Bitcoin. Bitcoin is a novel and a modish way of flourishing your business globally. Now you can meet the clients all over the world without any fear of payment issues. Bitcoin lets you to get and give payment in shorter duration without any additional fee.</div>
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Moreover, you can also do the shopping without any extra transactional charges as the credit cards demands. The one of the great news given in this book is about </div>
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“Bitcoin’s price is taking the worth of gold”. Go through this book and get to know how it is possible.</div>
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Thanks again,I hope you will enjoy this book!</div>
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How to Use Bitcoin and Become Richer Guide

The tricky way to save money and to make online transactions without 3 rd party interference “The tricky way to save money and to make online transactions without 3 rd party interference ”. This book contains proven steps and strategies for using the Bitcoin as a currency wallet. It is a mean of on…

Mar 28, 2016

Bitcoin worth MORE than Gold

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You know, the price of Bitcoin is getting raised with passage of time. You can call Bitcoin as one of the great investor, money holder and money transfer. In the recent time, the Bitcoin is getting the worth of gold. The price of one Bitcoin is $1,242.  
 
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These are the initial times when the Bitcoin is taking its worth price over the $1000. In the meanwhile, the price of gold is about $1250. So, we can get a clear understanding of how the Bitcoin worth’s near to gold. 
 
Strength of Bitcoin in China: 
 
The strength of Bitcoin is really strong in the China. China has opened the services of Bitcoin for its users. The leading search engine of the China that is Baidu  
 
BIDU is accepting the non-accountable services of Bitcoin. 
 
An acceptance to Bitcoin: 
 
The United States are also now giving an acceptance to the Bitcoin. They are suing Bitcoin for the hidden purposes like for the migration of drugs and so on. Lawmakers of the United States are looking and understanding the potential benefits of Bitcoin for them. They are using this service for the exchange of their goods. 
 
Bitcoin usage by Federal Authorities – Offering a long term promise: 
 
The federal authorities are also allowing the Bitcoin for the long term promises. The chairman named as Ben Bernanke is taking and using Bitcoin as part of international payment system. SO, the global payment services are now done with the help of Bitcoin. 
 
Some resistance: 
 
Some of the Government standards are calling Bitcoin as arguable for usage. They are putting fingers on its design and somehow on its legality and encryption systems. 
 
Become richer by Bitcoin – Widen your purchasing: 
 
You can buy and sell a number of things through Bitcoin. You can accept the Bitcoin for your business purchasing as well. You can range up your trading form simple commodities to the complex with the help of Bitcoin. 
 
Bitcoin – A way of playing with lottery: 
 
Many of the investors calls the Bitcoin as a way of playing with lottery. They considered it a play of fate. It let a person to win a lot or to lose all. It all depend how you are going to use the Bitcoin. 
 
Buy coffee with no additional transaction fee : 
 
There are so many credit cards through which are making shopping easy for you. You can go in the malls and can shop out whatever you want with really ease. From daily wears up to precious jewelry is attainable through your credit cards. The problem is with transaction fee. Where the credit cards are giving you immediate services, at the same time they are availing their own benefit as well. 
 
On contrary to all these credit cards, you can shop out your shopping without any extra transaction fees with the help of Bitcoin. Bitcoin lets you to do shopping without any extra charges. 
 
No need to hunt the ATM boot: 
 
Another good option for the immediate transaction is ATM. But the pitfall is, you must have to cater for the ATM boot for sake of transacting the money. It is free of cost but some of the ATM alerts also cut the fee. Like the email alerts and the message alerts cut the fee of some pies on monthly basis. On the other hand, Bitcoin can be used at the place wherever you want. It does not require you to run and to reach any boot. 
 
Pay your portion of gathering through phone – No more discussion on bill: 
 
It is a great common fact that when we go out with our friends in restaurants we split the bill among all. It looks very odd when the waiter comes and we start searching the coins for sake of giving our part in the bill. It takes time and it also gives an impression which is really negative. Through Bitcoin you can remove this awaiting embarrassment. One of the friends can pay whole of the bill at the spot and all other friends can pay through the phone. 
 
SO, we can say that Bitcoin is easier, clear, neat and faster. You can get rid of such embarrassments through the use of Bitcoin. The return is very easy. You can return to the giver through your hand sets as well. 
 
Bitcoin – A peer to peer money transferring service: 
 
The Bitcoin is working with no central authority finger. You can make the setting of Bitcoin in accord of you. You can operate the Bitcoin on their various operations: 1. Individual Business, 2. Developers Bitcoin is a peer to peer transference service that lets you to transfer your money with ease to your friends. 
 
An open source: 
 
You know Bitcoin is an open source. Every man around the word can use Bitcoin with ease. There are no special regulations and laws for sake of working with the  
 
Bitcoin. It is universal and it is an open money exchanger all over the world. 
 
Bitcoin – Designed publically: 
 
Bitcoin is not only sent for business transactions rather you can also use it for your public deals as well. You can use Bitcoin for shopping and for selling and purchasing something as well.  
 
No one controls it: 
 
Bitcoin is not controlled by any specified services like banks and institute. It is open public services. There is no need to fear about its security and reliability.  The reason is, it is 100% reliable and it does not deceive anyone. The Bitcoin is offering its services form 2009 and there is no single case who is proving its deception. 
 
So, become richer by picking the services of Bitcoin. Use Bitcoin instead of credit cards and ATM. It is having some additional benefits over the credit cards. It does not have any transaction fee and its worth is going to be near to gold. The price of Bitcoin is changing on daily basis. There are coming the days when the price of gold will be equal to the Bitcoin. The ranging price of Bitcoin is $300 to $ 1250 Done worldwide payment: 
 
Bitcoin is not restricted geologically. It is not specified to some countries or to some states. Through Bitcoin, you can send and receive payments all over the world. 
 
Zero processing fee: 
 
The processing fee of Bitcoin is zero. You can do transactions on both national and international level. You can also use it as a mean of investment as well. One of the most majestic tip of getting benefit from the Bitcoin is to buy low and sell high. You can buy the goods on low prices, keep them save with the Bitcoin and can sell them on high prices as well.</div>

Bitcoin worth MORE than Gold

You know, the price of Bitcoin is getting raised with passage of time. You can call Bitcoin as one of the great investor, money holder and money transfer. In the recent time, the Bitcoin is getting the worth of gold. The price of one Bitcoin is $1,242. These are the initial times when the Bitcoin …

Mar 28, 2016

Best Ways to Earn Money with Bitcoin

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While searching and suffering, we can come to know about the two major ways of making money through Bitcoin. Bitcoin is a digital currency that lets you to cash money in dual ways. These two ways of money making through Bitcoin include: 
 
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1 Trading Saving: 1 st way of making money through Bitcoin: 
 
Bitcoin’s trading: 
 
The Bitcoin’s trading is open for whole of the market. You can trade up with Bitcoin to each and every market while taking various tremendous advantages of this trading. Bitcoin is workable globally so it lets you to get advantage of different values with different currencies and by the differences in the two to three currencies. Simply, Bitcoin is a mean of working with number of currencies simultaneously. It is a big advantage for the money players who are playing with money by transferring it from one place to another. 
 
Have an arbitrage play with Bitcoin: 
 
Arbitrage play is basically the working pattern in which you work in two to three different states and you pay and fund money in the currency of various states. Many of the arbitrageurs make commitments with various financing institutes for this play. The major options for which arbitrageurs can go for are banks, brokerage firms, union states and money exchangers. 
 
The Bitcoin is really popping among the people of the world. People now prefer to use Bitcoin instead of other money exchanging facilities. Bitcoin gives risk free profits to the arbitrageurs. It is volatile and versatile in nature. That is the reason most of the arbitrageurs are now shifting from the local fund transferring banks towards the Bitcoin services. 
 
A cease towards commercial transactions: 
 
Bitcoin is getting a boosted fame among the traders and the merchants. Through Bitcoin, people can do commercial transactions and can make their trade better than before. 
 
What makes the Bitcoin different from others? 
 
Cash money with Bitcoin: 
 
You can understand this difference with little attention. You know the currency values rises and falls on the daily basis. The currency amount comes with new tag on each and every day. You know a single penny difference lead the massive amount of loss for the merchants. The Bitcoin is dealing the arbitrageurs with minute changing value of the currency. 
 
Let us understand it with the help of an example. The one of the greatest money exchanger of Bitcoin is Joe. Joe is an oldest investor of Bitcoin. His sittings in the digital wallet of the Bitcoin are about 5000 BTCs. Now if he sells his wallet sitting in this time then he can get the profit of $4.375. While exchanging the money, he can also take the advantage.  
 
Let say! While transferring the money from the CNY to USD, the BTCs can mount up the cash of about 80, 000 for himself only. The reason is, he can easily add the money exchanging fee on every wallet sitting. And no one can call it as illegal. The reason is, every money transference and every money exchanging pattern is associated with some fee.  
 
And you know, if we place the same amount on behalf of foreign exchanger then the amount of fee and the total profit is much higher than the Bitcoin. The reason is, other exchanger have higher fee then that of Bitcoin. So, you can make money through Bitcoin on massive amount. It will give you profit by its deduced amount of fee.  
 
2nd way of making money through Bitcoin: 
 
Sell money in higher reward situation: 
 
Bitcoin is giving you another golden way of making money. You can keep money in the account of Bitcoin at the time when the currency value is low. And then you can sell it at the time when the currency value will raise on. You can call it a type of investment. It will be like investing in risk full situations and cashing in rewarding situations. 
 
Buy low-sell high scheme of Bitcoin: 
 
Moreover, you can also make the agreements of products in the buy-low sell-high scheme. You can purchase the goods like ornamental accessories and can keep them in the Bitcoin when the price tag is low for such accessories.  
 
You may wait and sell the products when the accessories peak up the price of the products. This is the beneficial scheme of Bitcoin for the traders and marketers. You can pick this Bitcoin scheme for number of accessories like for gold and diamond as well. 
 
You must have to be very predictive for picking this scheme. It can give you a great hit if you will move blindly. Let say! You make an investment on buy low sell high scheme without analyzing that the market is not getting any high graph in the coming two years.  
 In such a case your investment will be useless. Or you would have to wait for years for sake of getting benefit from such an investment. So, be forecasted and be sharply predictive for getting benefit from buy low sell high scheme. 
 
So, above are the two major ways of making money through Bitcoin. These two ways are realistic and applicable for you real life. You can make sufficient money through the above two suggestive methods of making money through Bitcoin.</div>

Best Ways to Earn Money with Bitcoin

While searching and suffering, we can come to know about the two major ways of making money through Bitcoin. Bitcoin is a digital currency that lets you to cash money in dual ways. These two ways of money making through Bitcoin include: 1 Trading Saving: 1 st way of making money through Bitcoin: Bi…

Mar 28, 2016

Bitcoin Trick to Save money and make Transference easy

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Bitcoin is one of the great ways of saving your money. It is not like which gives you money or add new money to your account. But it is an exchanger that saves your fee money and extra charges. One can say that Bitcoin is a digital wallet through which you accomplish your transactions and transferences. 
 
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Now, I’m going to guide you on how you can make money through Bitcoin. You can call it as money attracting icon. When you shake your hand with the Bitcoin, it lets you to save money enormously. There are some reasons because of which Bitcoin is more suggestive then that of money exchanger and foreign exchange. 
 
Bitcoin – A better option than foreign money exchanger : 
 
Foreign money exchanger is the service that is really popping from many years. It is a really enchanting source of transections and transference. Money exchanger is really an old and well managed source of money transact. Bitcoin is much newer then that of foreign exchanger. It came into being in the year of 2009. But the Bitcoin has even lead up the qualities of foreign money exchanger. Now the question is, how such a new service can compete an old well established service system? The reason is its cost affectivity and efficiency.  
 
The Foreign money exchanger allots a heavy amount of fee while exchanging your money. You must have to pay the fee before receiving or sending the money. Moreover, the foreign money exchanger demands some duration of time for making the transaction done. Also, the foreign money exchangers are mandatory for sake of doing the transactions. It means to say! If you want to send or receive money through foreign exchange then you must have to contact the designated foreign exchange. The foreign exchange is the agent that is hired and that is specified in this part. 
 
On the other hand, Bitcoin is the service that is really efficient, proficient, quick and cost effective. Bitcoin does not have any money exchanging fee and you can send or receive money globally without paying any fee. Moreover, Bitcoin is very quick and fast. The reason is, the money exchanger of Bitcoin is automatic. There are no beings on their exchanging posts. Rather the sending and receiving of money is accomplished by the computer and through an automatic system. 
 
The above are the reasons which are weighing Bitcoin as more effective method of money transference than that of foreign exchange. You can save your fee money through Bitcoin. Bitcoin does not ask for any additional fee for keeping your money saves for year and year. So, you can save your money through Bitcoin. 
 
Easy tricks of saving money through Bitcoin: 
 
You know, Bitcoin offers you a tricky way of saving your money. It is somehow conceptual to understand. But no need to be fair, Bitcoin is easy to use and even easier to get benefits from it. 
 
Get discounts: 
 
Bitcoin offers 5% to 10% cost saving for you. You can even apply for the discounts through Bitcoin as well. You can get the immediate and quick settlement of money through the Bitcoin. 
 
You can go for the special packages and can get numerous amount of discount from there as well. There are some money saving methods with interest as well. So, you can keep your money on the “current account system” and on the “basis of interests” as well. It all depends on your choice. 
 
How will it work? 
 
1. Choose an exchanger: 
 
For doing transactions with the Bitcoin, you must have to follow a systematic and step-wise path. You may look at the various Bitcoin services and pick the most reputed one. Better is to choose the Bitcoin services which are handy and easy. Then you must have to hire up a Bitcoin exchanger. It will be the Bitcoin exchanger who will do the further processing. So, you may hire a Bitcoin exchanger and let him to further cash and transfer the money. 
 
2. Bitcoin exchanger – A money holder: 
 
After choosing the one of the most reputed Bitcoin, you can give your cash to the Bitcoin exchanger. Bitcoin exchanger will hold your cash money in the same currency. Bitcoin assures you to keep your money save and under encryption. The exchanger will keep and hold your money unless and until it will not get changed into other currency. 
 
3. Buy Bitcoin and transfer: 
 
The exchanger will buy a Bitcoin for you and will transfer your money to the desire destination. It will be the exchanger who will take all the hectic of transference on his shoulders. 
 
4. Currency exchange: 
 
Then the exchange of currency will happen with an appropriate money exchanging rate. 
 
How the transference will happen? 
 
Now it will be the point where the transference of money will happen. After reaching the destination place, the local currency will be converted to the agreed amount of currency. And after that the money will directly transferred to the desired address. 
 
The above is the step-wise method of using the Bitcoin for money transference and transactions. The Bitcoin offers direct money services with no extra charges. You can save yourself from the prone of extra fees by the bliss of Bitcoin. The Bitcoin is working worldwide and you can hire any exchanger for accomplishing your task of money transference through Bitcoin. The Bitcoin also offers additional discounts and profits as well. 
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Bitcoin Trick to Save money and make Transference easy

Bitcoin is one of the great ways of saving your money. It is not like which gives you money or add new money to your account. But it is an exchanger that saves your fee money and extra charges. One can say that Bitcoin is a digital wallet through which you accomplish your transactions and transfere…

Mar 28, 2016

Bitcoin: A digital Currency wallet for Online Transactions without 3rd Party

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A digital currency wallet for online transactions with no 3 rd party Look around your world! Everything is moving digitally. Anyone can earn online, admissions and submissions are possible through online sites, you can study online and even you can do transactions online. It means, the internet and the computer have made the world’s matter handy for a man. 
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Old banking method – What were the flaws? 
 
“Money” is a worth whose price values very much for everyone. People even don’t want to lose a pie out of their money. The old method of money transaction & transference was bank. It was the time when a person must have to visit the bank for sake of transacting out the money and cashes. And even the presence of account owner and its signature was must. It means, the old banking method was somehow hectic. For doing even little transactions, the person had to bear the hectic of traveling towards bank and to wait for the turn and to spend enough time behind a single transaction. 
 
Bitcoin –A digital currency for online transactions without 3 rd party: 
 
Bitcoin is a digital currency. And one can use this digital currency for online transactions. Bitcoin does not involve any third party like “central bank” for making transactions. Very amazingly, Bitcoin uses virtual encryption systems. Such security systems accomplish every transaction under 100% securities and without any refuge issues. So, the service of Bitcoin can be used for online transactions between the individuals or between the companies. 
 
Bitcoin – An introductory phase: 
 
If you are new at online transactions and you know nothing special about the Bitcoin then here are some major details about the Bitcoin and its services. 
 
Creation of Bitcoin: 
 
You can call Bitcoin as a newbie currency which was created in the year of 2009. The real creator of Bitcoin is unknown. What so ever, Bitcoin is a digital currency method with which one can complete the transaction of money without involvement of any of the middle man like bank. 
 
What are the benefits? 
 
The Bitcoin is giving many of the good benefits for its users. It has no fee charges and it does everything under the encryption. The person does not have to show his name and identity. It keeps information of the user under high encryption system. So, the user can uses the Bitcoin for transaction bluntly. These are some of the reasons because of which Bitcoin is becoming one of the most popular methods of online transaction. Most of the merchants owe this method and are using it as a central mean of their transactions. 
 
Why to like Bitcoin? – A free network for national and international transactions: 
 
You know Bitcoin is working like a networking which has a great spread all over the world. It is connecting one merchandise with the other and then to the other. It means, Bitcoin is giving a real connectivity of transactions among the worldwide companies. The reason why people like it are: 
 
It is free of cost and it lets you to make online transactions globally. 
 
You can make your business international by doing transactions with the people all around the world. 
 
Break the global limitations: 
 
There are global limitations which are creating stops for expanding your businesses internationally. Many of the companies avoid out of state hiring because of payment issues. They fear about the payment method’s encryption issues and they really don’t want to make delays in the payment systems. 
 
Bitcoin has brought an ease for the businessmen. Through Bitcoin, you can break the global limitations and can hire the proficient employees all over the world. It demands no credit fee and that is why it is loved by the most of the businessmen. 
 
How to get Bitcoin? 
 
Everything is now easier for you. You can pick the Bitcoin from the Bitcoin exchangers. There are so many open ways which can let you to buy the Bitcoin. There are exchangers which can make your deal done with the Bitcoin. One of the greatest exchanger of Bitcoin is the Mt. Gox. Once you get the Bitcoin exchange commitment, you can make your all deals done without any issue and hurdle. Bitcoin makes you a member and take no extra fee cost from you. 
 
Is it shareable? 
 
With great fortune, Bitcoin is also shareable. You can send the Bitcoin to your partners, friends and loved ones with the help of apps, android cells, through PC and through your web accounts as well. 
 
Make transferring done 24/7 hour services: 
 
Bitcoin is giving an ease of fund’s transference. You can share your money with your partner without giving any real information of you. Moreover, the Bitcoin services are the online services which remain active full time. You can make transactions all the time of day and night as it is 24/7 hour service. 
 
You can send your cash with your handsets as well. You do not have to turn on your computer and to follow the in depth procedure. You can do the transactions through your phone set with the use of internet. 
 
How to get it? 
 
Bitcoin is easy to get. You do not have to search and to cater for the hard hurdles. You can get it in a very handy way. Bitcoin is most probably available on the clouds or on your PC computer. You can do everything with your Bitcoin as whatever you are doing with your bank account. You can make transference of shares, you can save money in it, and you can send and receive money and so on. 
 
The difference between the Bitcoin and the local bank is, most of the local banks are registered and ensured with the FDIC, whereas the Bitcoin is not insured by the  
 
FDIC. Otherwise, it is like a digital wallet and you can accomplish any sort of accounting matters with it. 
 
Hide up your identity while making a deal: 
 
You can call Bitcoin as one of the virtual personal network of you. It makes the deal under the encryption system. While making a purchase, it keeps your bio save and under curtain. It only shows the ID number of your account while keeping all other information saved. That is the reason people prefer it for making the hidden deals. 
 
Become richer: 
 
With amusing datum, one can become rich by the use of Bitcoin. It is like a second hand helper for you which can make sending-receiving money easier for you. Without any doubt, Bitcoin can give you a chance to become richer than before. The reason is, Bitcoin is a digital wallet that let you to save money, to gather money and to conjoin money by working at various parts of the world. 
 
Let us have a look over the various dynamics which can prove the money making quality of Bitcoin: 
 
Get paid faster: 
 
Bitcoin let you to get paid faster. It is a paly of minutes. No matter in which part of globe you are present. You can send money in less than two minutes and receiver can get paid in less than two minutes. You can activate the online alerts and you can get a mail or message through which you can assure that the transaction has been done. 
 
Lower down the transaction fee: 
 
Bitcoin is offering lower and even no transference fee on both ends. Neither the sender nor the receiver has to pay heavy percent of money as a fee of transaction. 
 
Make clients over the seas: 
 
We call Bitcoin as a money maker. IT is a tool that can let us to expand our business internationally. With the bliss of Bitcoin, we can hire up the client all over the world with no wear of payment issues. This is how; Bitcoin can allow us to make money tremendously. 
 
So, we can call Bitcoin as a money maker. We can use it for making our transactions easy. It is a tool that can be used to make payments faster. Bitcoin can help us to expand our business from national to international level. So, pick Bitcoin and make your business a global business.</div>

Bitcoin: A digital Currency wallet for Online Transactions without 3rd Party

A digital currency wallet for online transactions with no 3 rd party Look around your world! Everything is moving digitally. Anyone can earn online, admissions and submissions are possible through online sites, you can study online and even you can do transactions online. It means, the internet and…

Mar 28, 2016

How Bitcoin is Really Future Of Money?

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Where is Bitcoin headed? No one knows for sure, but a popular refrain is heard in the Bitcoin community: In ten years, either Bitcoin will be worth nothing, or significantly more than today. I believe this is true. 
 
 
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<img alt="The Future of Bitcoin" border="0" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRxAjOCb1167kWUHw7n2xUDJrLh2fttsB6NWEgJbDKCO5PdqK8J2OKYL_dB_u7umPJQWpQNW8oysUk5Di16jU24BybzHzQvVohGF1v-cqaxG00c-hrn1GiVFk7flMQNtu6y40S-LRgIKI/s400/Future+Of+Money.jpg" title="The Future of Bitcoin" width="400" /></div>
 
The idea of digital money that you manage yourself is a powerful one, and in the first four years of this monetary experiment we’ve seen explosive growth. It’s easy to see continued growth in both individual users and businesses that accept coins. If it continues at its current pace, the value of 1.0 BTC will continue to rise compared to other currencies.  
 
Eventually, goods and services might be priced in Bitcoin itself, instead of relying on other currencies to judge value. Online shopping might not require entering your credit card information, or signing up for a PayPal account. Your identity wouldn’t need to be revealed when purchasing goods, unless you made that choice. 
 
Another aspect of Bitcoin that I haven’t discussed is the potential for smart contracts, which use the cryptography inherent in Bitcoin to facilitate more complex transactions, such as escrow services, arbitration, or even estate management. If Bitcoin becomes more popular, these services will likely be implemented in the code (as Satoshi originally intended). 
 
But the future is far from certain. There are three primary threats to Bitcoin that I see on the horizon, that could substantially restrain—or even destroy—this new monetary system. 
 
1. Technical. Right now the Bitcoin economy runs fairly smoothly, handling tens of thousands of transactions daily. But what will happen if that hits millions of transactions daily? Can Bitcoin handle the same amount of volume that a major credit card does? There is speculation on both sides of the issue, but no one really knows. If the system isn’t able to handle a large amount of transactions, its value is obviously limited. 
 
2. Governmental. Because Bitcoin can be used for illegal activities (so can cash), and because the Bitcoin system is inherently difficult to regulate, governments across the world might decide to limit their citizens’ ability to use Bitcoin. If this happens, it will obviously inhibit the Bitcoin economy significantly. 
 
3. Competition. Right now, Bitcoin is the clear leader among digital currencies, but it isn’t the only one. Several alternative cryptocurrencies have taken the Bitcoin code, altered it, and launched their own currency. Some of the most popular ones include Litecoin, PPCoin, and Ripple. These aren’t nearly as valuable as Bitcoin, but it is possible that one day another digital currency could replace Bitcoin if it were significantly better. 
 
If Bitcoin can handle large transactions, avoid government restrictions, and beat the competition, I believe it will become the standard currency of the internet. This monetary experiment has evolved from a nine-page paper written in Fall 2008 to a billion dollar marketplace today, with millions of dollars of investment capital flowing into new start-ups, and new services launched each week. 
 
Only time will tell if Bitcoin will be as revolutionary to our current monetary system as email was to the old system of communications. It’s certainly off to a great start, and I hope this guide has helped you to join this grand monetary experiment. 
 
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<a href="http://webitcoin.blogspot.com/2016/03/big-advantages-of-bitcoin.html">Read Next: Big Advantages of Bitcoin</a></div>
</div>

How Bitcoin is Really Future Of Money?

Where is Bitcoin headed? No one knows for sure, but a popular refrain is heard in the Bitcoin community: In ten years, either Bitcoin will be worth nothing, or significantly more than today. I believe this is true. The idea of digital money that you manage yourself is a powerful one, and in the fir…

Mar 09, 2016

Spending and Accepting Bitcoin

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You’ve got your coins, and they are safely stored, but what can you do with them? Since Bitcoin is digital money, any way you currently spend your money could be done with Bitcoin. The only restriction is on the other party being willing to accept them as payment. 
 
 
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While the Bitcoin economy is still young, more and more businesses are accepting this digital currency every day. Even apart from businesses, there is an ecosystem of individuals who are trying to transact as many of their affairs as they can in Bitcoin. 
 
For a list of businesses and websites that accept Bitcoin, <a href="https://en.bitcoin.it/wiki/Trade" rel="nofollow" target="_blank">visit here</a>. Another good site is <a href="http://bitcoin.travel/" rel="nofollow" target="_blank">here</a>. Here are some of the more popular ways to spend coins. 
 
Bitmit. This platform allows buyers and sellers to list their goods for Bitcoin. 
 
Coingig. Another platform service. 
 
Craigslist. Search for Bitcoin on Cragislist and you’ll find people willing to sell for coins. 
 
Rediff Bitmarket. A subreddit community for buying and selling goods in Bitcoin. 
 
BitcoinTalk Forum. This forum is full of very active users, and has a section entirely dedicated to buying and selling goods and services in Bitcoin. 
 
Gyft. This is a smartphone app that allows you to purchase gift-cards with Bitcoin. Gyft has rapidly become a convenient way to spend coins at stores that don’t accept them directly. 
 
Bitspend. This service allows you to spend your Bitcoin almost anywhere (Amazon is popular). You tell them exactly what you want to purchase, send them the Bitcoin in the corresponding amount, and they make the transaction for a fee. There are several of these services available; Bitspend is currently the most popular. 
 
Bitcoin Store. This site deals with electronics, and has surprisingly low prices. A very popular site. 
 
Wordpress. The largest online blogging platform accepts Bitcoin as payment. 
 
Reddit. This extremely popular content aggregation site takes Bitcoin for its extra services. 
 
Satoshidice. A popular gambling site that lets you send Bitcoin as a bet. It’s fun, but please play responsibly! 
 
OKCupid. One of the more respected online dating sites accepts Bitcoin for their paid services. 
 
NameCheap. One of the larger web domain and hosting sites. 
 
Amagi Metals and Coinabul. These precious metals dealers are well-known and happily accept Bitcoin. 
 
BitPremier. If you’re rich, check out this luxury site. They have everything from high-end sports cars to yachts. 
 
Private Internet Access. A Virtual Private Network (VPN) that allows you to connect anonymously to the internet. One of the first to accept Bitcoin. 
 
Seals With Clubs. Great online poker site, only uses Bitcoin. 
 
Betting. There are multiple platforms that allow for betting with Bitcoin. BetsofBitcoin and BitBet are two of the best. 
 
Charity. Many charities and political organizations now accept Bitcoin. Here is a list of some of the more popular ones. 
 
Hidden services. There are many sites that aren’t accessible through the regular internet that offer goods and services of questionable legality. The most prominent is called The Silk Road, a marketplace for drugs and other items. I would advise against using these sites. Obviously, you do so at your own risk. 
 
This is only the tip of the iceberg. Search around online and you’ll find many opportunities to spend your coins. 
 
Read More: <a href="http://webitcoin.blogspot.com/2016/03/how-to-buy-bitcoin-with-credit-card-and.html" target="_blank">How to Buy Bitcoin with Credit card and Cash</a> 
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Accepting Bitcoin</div>
 
Since this is a growing market, don’t just look for ways to spend your coins—consider offering your own goods or services for Bitcoin as well! You can use the platforms we mentioned above to do this, but you can also use services created specifically for merchants (one of the best is BitPay). Here is a <a href="http://webitcoin.blogspot.com/2015/08/best-way-to-accepting-bitcoins-in-your.html" target="_blank">guide for </a><a href="http://webitcoin.blogspot.com/2015/08/best-way-to-accepting-bitcoins-in-your.html" target="_blank">small-businesses</a> who want to accept Bitcoin.</div>

Spending and Accepting Bitcoin

You’ve got your coins, and they are safely stored, but what can you do with them? Since Bitcoin is digital money, any way you currently spend your money could be done with Bitcoin. The only restriction is on the other party being willing to accept them as payment. While the Bitcoin economy is still…

Mar 09, 2016

How to Avoid Risks of Bitcoin

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There are some specific measures you can take to avoid these risks. A few of them are simple, but some require technical knowledge and some time commitment. You determine how safe your coins are; if you don’t have many coins to protect or you are so rich that you don’t care, then you don’t need to feel compelled to follow these suggestions. 
 
 
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1. Have a Clean Operating System 
 
Your operating system (OS) is the type of software you use to run your computer. There are three main OS used today: Windows, Mac OS, and Linux. Malware is most happy running on Windows, so it is the least safe client to run a Bitcoin client on. A Mac isn’t a whole lot better, but Linux is significantly safer to use for Bitcoin.  
 
If you plan on keeping a significant amount of coins on a computer, I would recommend installing a Linux distribution and learning how to use it. They are free and have nearly all the same features that their expensive counterparts have, besides being safer. 
 
In fact, I would recommend getting an older laptop, wiping the hard drive completely, and installing Linux. Finding an old laptop online, through Ebay or Craigslist, is usually simple and cheap. This gives you the most security, since you are certain the OS is clean and cannot have malware. If you are looking for a good distribution of Linux (there are many kinds of Linux to install), I recommend either Ubuntu or Mint. 
 
Read More: <a href="http://webitcoin.blogspot.com/2016/03/how-to-protect-bitcoin-from-threats.html" target="_blank">How to Protect Bitcoin from Threats</a> 
 
2. Recognize the Internet is Dangerous 
 
The internet is an accident waiting to happen, in terms of Bitcoin safety. Your computer—and coins—have a direct connection with anyone else in the world. You have a few options to mitigate this risk. You can operate offline altogether, by using a paper wallet or offline service (the Armory client allows for this). This is the best option for large amounts of Bitcoin, and it is generally true that the more you are able to do offline, the better. Storing Bitcoin offline is called ‘cold storage.’ 
 
Or you can carefully work on a computer connected to the internet. Using Linux, you will be somewhat safer, since it isn’t as easy for an attacker to directly access you, or contract malware. If you are using Windows, you need to ensure you are up to date on your protective software.  
 
I recommend using Microsoft Security Essentials, a free program that gives excellent protection. Also make sure to regularly update your software and run the appropriate scans to make sure you are clean. Just remember that even if your scans show you are clean, it is possible to have malware on a Window system. 
 
Whenever you are browsing the internet, be careful where you go and what you click on. The same is true for downloading files, and torrents. Malicious software is frequently spread through falsely labeled downloads. 
 
3. Use 2-Factor Authentication 
 
Online exchanges and wallets nearly all offer a service called 2-factor authentication. This means that when you try to log into your account, or when you try to send Bitcoin, it requires that an outside source verify the requests are genuine and not from a malicious source. Typically, this happens by sending you a text on your smartphone or by requiring you to input an authentication code generated by a program elsewhere. 
 
You should always enable 2-factor authentication. I use the Google Authenticator app on my phone, which I prefer, but there are plenty of other systems like this. 
 
4. <a href="http://webitcoin.blogspot.com/2015/08/your-bitcoin-wallet-and-how-to-use.html" target="_blank">Use Paper Wallets</a> 
 
I’ve mentioned paper wallets multiple times, and that’s because they are the most secure and simplest way to store your coins. To generate a truly secure paper wallet, you need to make sure that your private keys are never on an OS that isn’t clean and that they never see the internet. To do that, you need to follow these steps. 
 
1. Find a paper wallet generator that is trustworthy. I would suggest using Bitaddress to create your wallet. 
 
2. You can print off the paper wallet from Bitaddress above, but this is not truly secure, since the private keys are created by a third party while connected to the internet. You need to use their tools while offline. To do this, save the Bitaddress page (as an .htm file). 
 
3. Put the file on a USB drive. 
 
4. Open the file on a clean OS that is not connected to the internet—and preferably never has been. 
 
5. Generate a new Bitcoin address using the Bitaddress service. 
 
6. Print off the paper wallet. 
 
7. Delete the file and make sure that there is no electronic record of the private key remaining on the computer or USB drive. 
 
8. Ensure the printed paper wallet remains secure from theft, fire, flood, bugs, or other damage. If you lose your paper wallet, or is it not readable, you cannot retrieve your Bitcoin! Remember, to use Bitcoin, you must have a private key that corresponds to your public address. A paper wallet—properly created—ensures that the private key only resides on a piece a paper, and no one else can use the coins in that particular public address. That’s why if you lose your paper wallet, you lose your private key, and you lose the ability to access your coins too. 
 
9. Send coins to the public address of your paper wallet. You’re done! 
 
Now, if you want to use those coins, you import your private keys into whatever wallet you are using. Bitaddress, and most paper wallet generators, generate a QR code that allows for quick recovery of your private key when you need it by scanning the code with a smartphone or webcam. 
 
A quick note on paper wallets: If you do choose to ‘withdrawal’ from the wallet, make sure you take out all the coin from that wallet at once. A paper wallet that has been used once means it is no longer a paper wallet; you will need to create a new one to be completely secure again. 
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<a href="http://webitcoin.blogspot.com/2016/03/how-to-store-and-secure-your-bitcoin.html">Read Next: How to Store and Secure Your Bitcoin</a></div>
</div>

How to Avoid Risks of Bitcoin

There are some specific measures you can take to avoid these risks. A few of them are simple, but some require technical knowledge and some time commitment. You determine how safe your coins are; if you don’t have many coins to protect or you are so rich that you don’t care, then you don’t need to …

Mar 09, 2016

How to Protect Bitcoin from Threats

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You know the different ways to store your coins, but what are you keeping them safe from? There are several threats to your digital money, and being aware of them will help you avoid them as much as you possibly can. 
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<img alt="How to Protect Bitcoin from Threats" border="0" height="302" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRMyD5CZlT_-kBJTV1YMMwbh_pUdAKPkRZl_Pir7MwyDQ7cA14BalUE2NoHe2r0uUL9576uNE_sNKg50Mr82AbxIifyz0k500vBcmdl6-aadcVCj_7vkg9l_C57_WKv-81-jrwrjpZYPc/s400/How+to+Protect+Bitcoin+from+Threats.jpg" title="How to Protect Bitcoin from Threats" width="400" /></div>
 
 
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1. Yourself</div>
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You are probably the greatest threat to your own coins. This may sound strange, but it’s true, there are many horror stories online of people making mistakes and having lost their Bitcoin. There are two primary mistakes that Bitcoin users make. One is to encrypt a Bitcoin wallet, then forget the password. The second is hard drive damage or other technical error that causes the loss of the private key. 
 
Some of the standalone Bitcoin clients allow you to encrypt your wallet, so that if someone gains access to your computer they cannot get your coins. However, people sometimes set up this encryption, then forget about it—until they want to spend their coins. Then they need the password—oops! They can’t remember. And if this happens to you, you’re sunk; there is no way to recover those coins. I recommend that if you think encryption is necessary, you write down your password and keep it in a safe place. This is obviously true for an online wallet as well, since you need a password to log in. 
 
Since many users store their coins on a local drive, another problem is hard drive failures leading to lost coins. This is a shame, since it is so easily avoidable: all you need to do it create a copy of the wallet file and store it on a USB drive or an online storage system, such as Google Drive or Dropbox. If you do have a backup (you should), I recommend encrypting that copy—just write down the password first! 
 
2. Physical Theft: Roommates and “Friends” 
 
While this is far from the most dangerous threat most Bitcoiners will face, coins can be stolen just like cash. If you have a paper wallet, or a mobile wallet, or a client on a laptop, a thief could simply walk off with your coins. If they know how to use Bitcoin, and they get access to your wallet, they could transfer your coins to another address they own. 
 
This doesn’t seem to happen all too frequently, but when I do hear about it, typically it occurs in college dorms or other settings where people have tech savvy acquaintances. If this concerns you, just keep your wallet encrypted and keep a close eye on it. 
 
3. Active Attacks: Hacking 
 
There are a few tech-savvy criminals out there who try to steal as many Bitcoin as they can. They typically target exchanges or online wallets were there are lots of users, so individual users typically aren’t at risk unless they have coins stored online. 
 
Several exchanges have been hacked in the past few years, leading to various amounts of lost coins. As the Bitcoin community grows, and as the infrastructure grows, it is likely that these types of attacks will become mitigated once bigger companies implement more rigorously tested safety measures. For now, the best approach is to store only small amounts in the exchanges or online wallets. 
 
4. Passive Attacks: Malware 
 
These are likely an even greater threat than active attacks to the average Bitcoin user, since they target the individual computer that might hold the coins. A passive attack is accomplished with malicious software meant to compromise your computer. These can include things like keyloggers, which record all of your keystrokes and send them to the attacker. Keyloggers are commonly used to obtain passwords, and if an attacker has your passwords they have your Bitcoin. 
 
Alternatively, the malware might be a piece of software that searches your computer for a wallet file, and if it finds one, it sends that file (or just the private keys) along to the attacker. 
 
This type of attack can even come from a browser; if you allow a bad script to run it can wreak havoc, especially with online wallets. This malware is unfortunately all too easy to contract, especially if you don’t have good protection against it and are unsafe in your web browsing. 
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<a href="http://webitcoin.blogspot.com/2016/03/how-to-store-and-secure-your-bitcoin.html">Read Next: How to Store and Secure Your Bitcoin</a></div>
</div>

How to Protect Bitcoin from Threats

You know the different ways to store your coins, but what are you keeping them safe from? There are several threats to your digital money, and being aware of them will help you avoid them as much as you possibly can. 1. Yourself You are probably the greatest threat to your own coins. This may sound…

Mar 09, 2016

How to Store and Secure Your Bitcoin

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Now you know what Bitcoin are, and how to obtain them. There is only one more thing you need to know before you can begin using Bitcoin: storage and security. This is one of the more daunting aspects about using Bitcoin, because if you make a mistake you could lose your coins permanently. It requires some technical skill, though nothing too complex. This isn’t a section you can skip. If you do, you may as well be juggling your key-ring over a sewer grate or leaving your wallet behind in a taxi-cab. 
 
 
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First, let me explain some terminology. When the media discusses Bitcoin, they often say that the coins are kept in wallets, which is true but misleading. The coins are actually in their deposit boxes (their public addresses), and a wallet is simply a service that collects all of a user’s deposit boxes into one place. Think of a wallet as your own little bank: you have your own row of deposit boxes, and all the private keys to those boxes as well. When you need to send Bitcoin from any of your public addresses, the wallet has your private key right there for you. 
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Read More: <a href="http://webitcoin.blogspot.com/2016/03/how-to-protect-bitcoin-from-threats.html" target="_blank">How to Protect Bitcoin from Threats</a> 
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This wallet can be stored in many different places. There are five main ways to keep a wallet. 
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Bitcoin-Qt: The Real Deal</div>
 

The first option is the original option. This is the computer program (called a client) that the core of developers working on Bitcoin release every so often, with updates to make the system better. 
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This client downloads the entire blockchain onto your computer. Since this is the record of every Bitcoin transaction ever made, there is a lot of data to store. As of June 2013, the blockchain was about 8Gbs in size. 
 

This standalone program has its advantages. 
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<li>When you are running the program, you are a node in the network, so you are helping the blockchain stay healthy by verifying transactions.</li>
<li>You are not trusting a third party with your private keys, they are stored locally on your hard drive.</li>
<li>The code is the most reviewed and most secure.</li>
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There are some disadvantages as well. 
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<li>Downloading the entire blockchain takes a very long time (hours or even days depending on your internet connection), and significant hard drive space.</li>
<li>It requires time to sync with the network if you haven’t run the program in a while.</li>
<li>If you encrypt your wallet, then forget your passphrase, your coins cannot be retrieved.</li>
<li>You are connected to the internet, increasing the chance that someone could steal your private keys.</li>
<li>You can only access your coins from the computer that has the client.</li>
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While Bitcoin-Qt is a solid choice to use as your wallet, I would not recommend it for the first time Bitcoin user. There are better choices. If you do want to use the main client, <a href="http://bitcoin.org/en/download" rel="nofollow" target="_blank">visit here.</a>

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The Modified Clients</div>
 

There are some clients that are also standalone programs, but have some different features from the main Bitcoin-Qt client. Here are a few of the more popular modified clients. 
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Multibit. This is considered a ‘lightweight’ client, since it doesn’t require downloading the entire blockchain and uses fewer system resources. Setting up and syncing the client is much easier and faster than using Bitcoin-Qt. For first-time users who want a standalone program as their wallet, I recommend Multibit. 
 

Electrum. This client doesn’t download any of the blockchain at all, it connects to a remote server. As such, it is very fast. It also allows users to create a ‘secret seed’ when they first set up the wallet. If your computer ever crashed, you could recover your coins using this system, unlike with the other clients I mention. 
 

Armory. This client is very secure and very feature-rich. There are many neat options for users, such as creating a “cold-storage” wallet for extra security.  
 

However, this client has more features than a new user will ever need.

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Accessible Anywhere: Online Wallets</div>
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You don’t need to have a standalone program on your computer to use Bitcoin, you can use an online wallet. This is exactly what it sounds like: a website that offers to hold your Bitcoins in an easily-accessible online wallet. This has its advantages. 
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<li>No syncing necessary, your Bitcoin are instantly available.</li>
<li>It can be accessed in more places than just your computer; all you need is an internet browser.</li>
<li>You can use browser plugins to make using Bitcoin online very simple.</li>
<li>Your coins aren’t stored on your hard drive, so if your computer crashes your coins will still be safe online.</li>
</ul>
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However, there are some significant drawbacks to using an online wallet. 
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<li>You trust a third party with your money. While several online wallets have an excellent reputation, it is still a significant risk to let another party hold your private keys.</li>
<li>As I’ll explain soon, if you are connected to the internet you are already vulnerable to malicious attackers who could try to steal your coins. Using an online wallet can make that attack even easier.</li>
<li>The online wallet services themselves can be—and have been—attacked. Several have been shut down because of these attacks.</li>
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So should you use an online wallet? I do, for small amounts. It’s a simple way to keep a small amount of coins available if I’m going out of town and want to make sure I can access some coins easily. But I would never recommend using an online wallet for large amounts of coins. 
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Which wallet to use? Mt. Gox and Coinbase have wallets built into their services, and both are fine to use, but my recommendation is Blockchain. This is the most widely used online wallet, and for good reason, it is simple but has an excellent reputation. 
 
 
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Bitcoin on the Go: <a href="http://webitcoin.blogspot.com/2015/08/your-bitcoin-wallet-and-how-to-use.html" target="_blank">Mobile Wallets</a> 
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You don’t need a computer to use Bitcoin at all—most smartphones are capable of using a wallet app. They aren’t able to download much of the blockchain at all, and aren’t particularly secure either. 
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Android has many different wallets available. Check the reviews first to make sure they are legitimate. I use an app simply titled “Bitcoin Wallet.” The iPhone is a little bit trickier—they unfortunately don’t allow their apps to use Bitcoin. However, you can get a limited function wallet for download through their iTunes store.</div>
 

Should you use a mobile wallet? I would definitely use one, but with the same warning as the online wallet: only in small amounts. It’s neat to carry Bitcoin with you wherever you go, and if you ever do happen upon a business that advertises they accept Bitcoin, consider buying something small as a show of support! 
 
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Paper wallet</div>
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Not only do you not need computers to use Bitcoin, you don’t need smartphones either. In fact, you can keep Bitcoin on nothing but paper. First of all, why would you even want to keep your coins on paper? Well, that’s simple—paper wallets are, by far, the safest way to store your Bitcoin. If you have large amounts of coins, or you don’t want to spend the coins but just save them, then you should consider using a paper wallet. 
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It doesn’t seem to make sense that Bitcoin, a digital currency, would be able to be stored on paper. But remember, the beauty of Bitcoin is in public-key cryptography, and the public ledger (or blockchain). To create a paper wallet, all you need to do is create a new public address and private key, put some Bitcoin in the public address, then print off the private key and store it somewhere safe. To use your Bitcoin later, you can input the private key. Often paper wallet generators create a QR code so that you can simply scan the private key. 
 

While the process is simple enough, it gets more complicated to create a paper wallet in a totally secure way. I’ll walk you through creating a secure paper wallet later, but first you need to understand why proper storage is so important. 
 
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<a href="http://webitcoin.blogspot.com/2016/03/how-bitcoin-is-really-future-of-money.html">Read Next: How Bitcoin is Really Future Of Money?</a></div>
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How to Store and Secure Your Bitcoin

Now you know what Bitcoin are, and how to obtain them. There is only one more thing you need to know before you can begin using Bitcoin: storage and security. This is one of the more daunting aspects about using Bitcoin, because if you make a mistake you could lose your coins permanently. It requir…

Mar 09, 2016

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