#Bitcoins, New and Secure Digital Money

Bitcoin was first introduced in January 2009 by an anonymous developer with the pseudonym Satoshi Nakamoto and is gradually making substantial inroads into the world financial markets. 

Governments around the world have reacted to Bitcoins in varying ways, whilst some have decided to ignore it, others have legalized it and while others have banned its use.

Some other countries have adopted a wait and see attitude but with financial experts monitoring its progress on a regular basis to study its developing patterns and then react without trying to be like a “bull in a china shop” even before they know what Bitcoin is all about and how it could either bring about very positive results or disaster to the world financial markets.

The reactions are conflicting to say the least around the world and this is a natural phenomenon and a reasonably acceptable attitude from the relevant authorities because they are still not fully aware of how Bitcoins are different to the normal hard currencies that we have been using for hundreds of years. In the meantime Bitcoin is developing into a mode of payment and investment that is making investors stand up an take notice because there seems to be no major threat to either world financial markets or the possibility that it could be fraudulently used to fund terrorism.

Bitcoin has been around for nearly a decade now and apart from having a smooth and unruffled baptism it has not created or initiated any major problems for the world financial markets other than supporting it to get their act too right bu showing the way as to how this digital currency could be the answer to all the world’s financial ills.  Bitcoins are referred to as a cryptocurrency which is currency stored in digital form and used too through the digital medium.

The exchange of Bitcoin between parties are also transacted through the versatile and universally used digital medium and this is what some governments are suspicious about as to whether it could be used for aiding the world’s biggest threat the present wide spread and proliferation of terrorism around the globe. More and more merchants are gradually turning their attention towards this very easily exchanged digital currency and it could be the future for the world when it comes to trading because it is secure and can be transacted between two parties within seconds.

Keeping your Bitcoins safe The Treasury of the United States of America has Fort Knox to store all the Gold we have and need to have a 24 x 7, round the clock security detail with all the sophisticated technologically advanced surveillance apparatus to ensure that no one comes sneaking at night and stealing all this Gold. Bitcoins are more secure than all the Gold at Fort Knox because nobody can steal physically what you hold as they are all in the digital systems and getting to it is impossible.

Fort Knox may not be secure because “Goldfinger” the famous “James Bond” movie villain tried to steal all the Gold at Fort Knox in that 1960’s movie and failed, the audacity is that he tried. But unlike Fort Knox all the value of Gold at Fort Knox can be carried by you, in your Bitcoin wallet it is just that simple and you need not have the security detail at Fort Knox following you. 

Bitcoin wallets All your Bitcoins can be carried around by your in you mobile device or kept at home well secured in your desktop and can be transacted instantly as and when you want to do so. Bitcoins could also be in your desktop hence the opportunities to keep your Bitcoins are ample and you only have to decide where you would want to leave them secure till you need them to pay for a transaction or pay for anything that you may buy. You could also buy Bitcoins and sell Bitcoins just like any individual or bank in the world is doing, they are just making money by selling money.

Bitcoins held by you in desktop wallets could do the same thing for you, and increase your investments when you buy Bitcoins and it would keep them secure without information to anyone and then when you want to sell Bitcoins it would do whatever is required in a very secure environment. If you are a frequent traveler you would not be able to carry your desktop around and it is just a matter of split seconds that you transfer the Bitcoins you need onto your mobile wallets and have the freedom to whatever you would want to. Whilst traveling you could also find the time to enhance your investment opportunities and decide to either sell

Bitcoins or buy Bitcoins as you could always see how the Bitcoin markets around the world are behaving and then make the right moves to increase your investments. You could also opt for online wallets which has the advantage of giving you access to your Bitcoins wherever you may be. The online wallet would be on the Internet but on different web pages but with easy access to you. Even with the online wallet you have the same flexibility to sell Bitcoins and buy Bitcoins as when you please and through it great opportunities of enhancing your digital assets.

Another way that you could keep your Bitcoins secure is by storing them in your hardware wallets, which though are still sparingly used is an important mode of keeping Bitcoins if and when you decide to sell Bitcoins or buy Bitcoins. One of the cheapest and most popular methods of keeping your Bitcoins is in paper wallets that you could get from several sites that offer their services.

Whilst these are very secure they are also offered at very attractive and reasonable cost with very severe but healthy competition prevailing among those sites that offer this service to those who need to keep their Bitcoins. Bitcoins could be the future and investing in them now would be a very prudent move in the right direction..