Renowned experts like Bill Gates, Richard Branson, Warren Buffet and others says… the future money is cryptocurrency.
Bitcoin is the mother of all cryptocurrency. There are over 1541 digital currency listed in the coin market cap. Many early investors and adopters of Bitcoin have become billionaires today choosing to sell when the price is on the high, for instance when it was $17,000 as at December 2017, Bitcoin has become a valuable asset due to the rise in demand for global transaction and thereby becoming more expensive than gold.
The technology that spawned Bitcoin is called Blockchain Technology.
According to Business Insider: Blockchains are ledgers (like Excel spreadsheets), but they accept inputs from lots of different parties. The ledger can only be changed when there is a consensus among the group. That makes them more secure, and it means there’s no need for a central authority to approve transactions.
There are 4 ways to invest in Bitcoin
- Buying and Storage
- Buying and Storage – As at December year 2016 bitcoin was $750, December 2017 it was $17000 imagine if you bought in 2016 to sell as at December 2017 can you see how much you would have made?
Now it price dropped in beginning of the year and now has is rising again, it is over $10,000 and it is expected to rise higher as investors continued to transact in the course of the year you can see that this is a mind blowing opportunity, but remember that if you are buying to store for resale you must be careful and panic free when the price goes down but rather wait till it rises again as we see a brighter future of the coin.
2. Merchandising: The practice of promoting and accepting bitcoin as a means of exchange for your goods and services is a one of the merchant activities around cryptocurrency and bitcoin in particular, to do these you can place a notice at your business place that you are accepting bitcoin by doing this are promoting the sales of cryptocurrency but you need to get yourself familiar with currency prices punctually. Thus, Selling any items and accept payment in bitcoin equivalent to the value of the item sold. This too can help you accumulate or grow your bitcoin.
3.Trading – This refers to the activities that involves buying and selling of concurrency and other goods and services using the digital currencies.Those who do Cryptocurrency trading do so by way of investment with bitcoin and buying of listed ICOs and Altcoins for future transactions while others buy from Luno, naira4dollar etc Or better still you can buy and sell to people in need for investment or storage purpose. The profit may be small but could accumulate to a great fortune. This can earn you great amount of cryptocurrency/bitcoin in a short while.
Bitcoin is a cryptocurrency and worldwide payment system, It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Mining is a gradual and best way of accumulating cryptocurrency, manually or by means of a special computer hardware machine.
This is possible in Bitclub network
What is Bitclub network?
Bitclub Network is a cryptocurrency mining company on the blockchain technology industry owned by a team of experts, entrepreneurs, professionals, network marketers, and programmers who have come together to launch a very simple business around Bitcoin and other Digital Currency mining. It will interest you to know that this is the only privately owned mining facility owned by a team or group out of the 24 mining companies on the blockchain industry and that allow you have complete control over what coins you want to mine with your hashing power.
Click HERE to know about Bitclub Network