People are going crazy for bitcoin but, why?
It’s the way of the future – maybe. Crypto futures trading is set to open mid-December 2017
“First, we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges.
The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.” – Tech Crunch
What is a bitcoin?
I like the explanation given by QoinPro, they have an excellent education center
“As a start, think of Bitcoin as a currency, like the USD, AUD, HKD, CNY or EUR, only digital. They aren’t printed or regulated by central banks like other currencies are. They are produced by millions of computers solving mathematical problems ensuring only a pre-determined number of coins enter circulation every day. These coins are rewarded to whoever is the first to solve the latest mathematical puzzle.”
Get more information at Qoin Pro
Why does the price fluctuate?
Watch the video below for a better explanation than I could give but, it’s basically supply and demand.
Why are there so many coins other than just Bitcoin?
Some coins are specific to a retailer kind of like a store voucher or gift card, only digital. Others are more like denominations or variations of value on the same thing.
Why should I hold invisible currency?
Really? Millions of people paid to play free games like Farmville and used real money to buy hay and crap.Why would you buy stock in any company?You are hoping to place your money into an idea, hoping that the business will grow and give you an ROI. Bitcoin is almost like investing in the Quantum unknown. But, if fiat currencies collapse, digital currency will be there to take the place. Right now it is more convenient to hold both with the hope that all forms or currency continue to flourish.
Should I invest my life savings into cryptocurrency?
Hell no! You should only invest your “fun money”. Be responsible and pay your bills first dude
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Isn’t the bitcoin bubble about to burst at any moment?
We can’t be certain, however, it sure looks that way. It will recover though, if predictions are correct.
Where can I get Coins from?
I really just enjoy following the news about the rises and falls.
By getting paid in Altcoins, you are risking being paid too little or too much depending on their value at the time. Imagine if you had put just one 2010 paycheck into bitcoin what your 2017 Christmas could have looked like???
If you are willing to take the chance, by all means, go for it. A company called BitWage can help get you started
You won’t earn much but, it is a fun pass time and can generate a few cents or even a few dollars worth, if we are measuring in USD per day
Many newbies like to say that Coinbase is the best choice. I like Coinbase but, I would not store my coins there. I receive payouts from faucets in that wallet and then use those earnings to fund my hashing account elsewhere.