WHAT IS BITCOIN?

in #bitcoin5 years ago (edited)

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WHAT IS BITCOIN?
Bitcoin is an Electronic peer to peer system of Digital Cash, Blockchain it a platform of trust, Bitcoin as a currency is the first application running and stored on the dicentralized NETWORK concept for the human communication of value... Bitcoin is the first Cryptocurrency which solved the double spend problem, can be divided into small units and then add smallm units from different transacion (from different people or accounts) int a single Coin(Bitcoin). Check out and read CRYPTOCURRENCY HISTORY on this webpage "WHAT ARE CRYPTOCURRENCIES ".


BITCOIN WHITE PAPER
Bitcoin White Paper Bitcoin White Paper link was publised in October 2008 and Bitcoin was launched on the 03 January 2009 . Bitcoin was created in response to the 2008 Financial Reccesion by Satosh Nakamoto. https://bitcoin.org/bitcoin.pdf


BITCOIN FAUCET
FREE BITCOIN - How to earn bitcoins by viewing ads...
Faucet are websites that pay you in Bitcoin for viewing ads on them: Advertisers pay for the adverts in Bitcoin, then the Faucet site share Bitcoins with you...
Click the following links to view faucets
1. AdBtc
2. FaucetHub
3. Coinpot: - First Register here at COINPOT, then use the email you registered with to claim satoshes on the ff sites...

-FAUCET LIST

  1. Moon Litecoin Faucet

  2. Moon Dogecoin Faucet

  3. Moon Bitcoin Faucet

  4. Moon Dash Faucet

  5. Moon Bitcoin Cash Faucet


  6. BITCOIN WALLETS
    Where to store your Bitcoin?

    (1)JAXX is a free Bitcoin Wallets which first came out as Jaxx Classic witha a few other Altcoins (Cryptocurrency ) wallets. And now it has been updated to Jaxx Liberty which has Bitcoin wallet and more other Altcoin's Wallets. It is available online(web based), as an Mobile app and Chrome app "Extention".

    (2)LUNO BITCOIN WALLET
    LUNO Bitcoin Wallet is available on the Web and as an Mobile app for both android devices and iPhone devices. LUNO also have Ethereum wallet and BitcoinCash wallet. LUNO Invite Code : DX4Q92

    (3)VALR BITCOIN WALLET
    VALR Bitcoin Wallet is also available online(web) and on Mobile app. Valr has 50 more other cryptocurrency wallets... VALR Invite Code : VAYXRFWT

    (4)ELECTRUM BITCOIN WALLET
    Electrum Bitcoin Wallet has been updated to support the Bitcoin Lightning Network.

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    HARD WALLETS
    Hard Wallets or Hardware wallets are also referred to as Cold wallet(Cold storage)
    (1) Ledger Nano X
    Ledger nano x is a USB Bitcoin wallet which sore Bitcoins offline(away from the internet). It is the the most safe way to store Bitcoins and other Cryptocurrencies(altcoins).


    BITCOIN EXCHANGES
    Where to buy, sell and Trade Bitcoins?
    (1)Where To Buy Bitcoin With A Credit Card? CHANGELLY : Changelly is a cryptocurrency exchange where you can buy Bitcoins with a credit Card. First things firsts, you will need a Bitcoin wallet such as Jaxx (luno or Valr) to store your bitcoins before you buy on Changelly. You can send your Bitcoins from Changelly directly to another Exchange, if you intend to buy(exchange) other cryptocurrencies with your bitcoins...

    (2)Exchanges Where You Can Buy Bitcoins With a Bank transfer(EFT) or Banking App?

    • CRYPTO.COM EXCHANGE
    • BINANCE EXCHANGE
    • LUNO EXCHANGE
    • VALR EXCHANGE
      You can buy Bitcoin with Dollars, Rands, Euros, Pounds, Yen or other fiat currency depending on your country. If you want to buy altcoins, you can then exchange your Bitcoins for the amount of altcoins you want. These Exchanges have little to no fees for exchanging Bitcoins to altcoins and back (visa versa)


    BITCOIN TRADING
    Bitcoin is Traded in Bitcoin/Fiat pairs and Bitcoin/Altcoin pairs.

    How To Trade Bitcoin?
    You can speculate whether the Bitoin (Price)value will go up or down against fiat currency (Dollar, Euro, Rand, Pound, Yen...) and or other cryptocurrency (altcoin). Bitcoin can be traded daily - known as Day trading , you can also Trade bitcoin Fiat/Ccrypto pairs weekly, monthly and yearly(long term).
    If you are familiar with Forex Trading or Stock Trading it is will be easier to learn and understand Bitcoin Trading. Basic to advanced Free Forex Trading books you can read. Click this Link learnforextrading.blogspot.com HOW TO LEARN FOREX TRADING?

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    Bitcoin Auto Trading
    Bitcoin and other Crypto Currencies can be traded on Auto Pilot with Crypto Auto Trading Robots inside Bin Bot Pro Auto Trading Robot.
    Crypto Auto Trading Robots

    1. Ichimoku Crypto v2
    2. Crypto ADX 2.0
    3. RSIMA Cross
    4. xProfit


    ETORO
    ETORO is a trading platform(broker) for fore and stock (binary options) trading which is at the forfront of introducing Crypto Trading to its Traders. ETORO has a copy successfull Traders Trading Strategy, which allow New or Bigginer Traders to follow the Experienced and successfully trade. Trading Strategy From Etoro(link to videeos) or learning


    SHOPPING WITH BITCOIN

    Where To Buy With Bitcoins

    1. Overstock.com
    2. Microsoft.com Store
    3. Fight, Hotels and Holiday packages
    4. Amazon via purse and lightning network
    5. Luno Shop List South Africa
    6. NewEgg
    7. Namecheap


    PAY WITH BITCOIN Apps
    CRYPTO.COM MCO COIN VALUE - VISA CARD BENEFITS

    Bitcoin Payment Apps allow you to pay(make payment) with Bitcoins when you shop online(on websites / online Stores) and offline(Brick and mortar Stores). These Bitcoin apps allow you to buy Electronics(laptops, mobile phones) , Books online and pay for food offline at places like KFC Canada and buy coffee at Starbucks.
    Bitcoin Debit Cards : Some of the Bitcoin Payment Apps come with Debit cards that you can load with about seven Fiat currencies (Dollars, Euros, Pounds, Yen...) by converting (exchanging) your bitcoins to fiat. You can use the Debit Card for both payments and withdraw cash. The debit card is accepted internationally around the world.

    1. Wirex App Visa debit Card
    2. Crypto.com App Visa Debit Card


    BITCOIN INVESTING
    Investing in Bitcoins
    Buy and hold bitcoins known as HOLDING , which is speculating on the value of Bitcoin to go up and you can sell later... read more about Crypto Currency Investing on this blog post WHAT ARE CRYPTOCURRENCIES?

    Investing With Bitcoin
    Investing With Bitcoin : You can buy and invest with your bitcoins by sending and storing them at a Crypto banks. Your Bitcoin earn you interest while you store them. And you can also get a instant loan in "fiat" (dollars) by using your Bitcoins as security.
    Crypto Banks

    1. Celsius
    2. Nexo
    3. Crypto.com
    4. SALT
    5. BlockFi
    6. Ledn


    MONEY TRANSFER WITH BITCOIN
    Bitcoin is the fastest way to transfer money around the world because of its border-less capability feature... People who work in another country can transfer bitcoins to their families back home. And their families can exchange Bitcoin for the local fiat currency in a matter of minutes or couple of hours instead of waiting for 5 to 7 days with traditional banking or Credit Unions. It is instant, fast and cheap to send money home, if the senders and their families use the same Bitcoin app with Debit Card.


    EARN BITCOIN

    1. You can sell products or provide a service and request to be paid in Bitcoins.
    2. Lolli : with Lolli app you earn Bitcoin as reward points for shopping at online and offline at the Stores / businesses that are part of Lolli reward Network.
    3. Faucets: Bitcoin faucets pay you small satoshes for viewing websites or ads. Faucets are a way to introduce people to bitcoin. if you are new to bitcoin, you can start earning bitcoins from faucets for free..


    STORE BITCOINS OFFLINE
    Keep Bitcoins and Altcoins safe with a Ledger Nano x

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