If you had invested $1,000 in Bitcoin 10 years ago in July of 2010, your money would have bought you roughly 16,660 bitcoins at $0.06. By July 2015, your bitcoins would worth close to $4,000,000.
Not to mention that for a short period of time last year the price of Bitcoin surpassed $1,000.
Imagine if you would have sold there.
I don’t know of any other recent story in the financial markets with such tremendous explosive power as Bitcoin. I can’t think of any other investment that could have yielded such returns in such a small period of time.
Besides the fact that Bitcoin has become so valuable, there’s the fact that this alternative form of money has moved from the underground worlds of programmers and hackers to the mainstream.
However, 99% of the population doesn’t have any bitcoin, although many Surveys indicate that a majority of the people in the USA know about Bitcoin, so there’s still huge potential and the life of Cryptocurrencies is just starting.
The question you might be asking, and believe me, we all do, might be:
Is it too late to invest in bitcoin? Am I late to the party? How can this Alternative Currency be a viable option to invest some money after such a crazy run over the last years?
Of course, no one has a magic ball and no one can tell you with a 100% security what is going to happen in the future. But in my eyes, the recent Bitcoin decline (from over $1,000 to around $240 that we have today) might prove to be the greatest opportunity to enter a more mature market that still has a tremendous upside for you as an investor and may prove to have many other advantages taking into consideration the future of the world economy, that right now stands in a very uncertain position.
If you want to better understand and become well versed in the Bitcoin subject, this book will guide you step by step so you can make an informed decision to become an investor or even a trader in Bitcoin.
The book has the basic knowledge to walk the walk and talk the talk in the Bitcoin subject, however it has also some deeper knowledge that you can simply skip if you aren’t so interested in that particular area of the Bitcoin world. Many of the concepts are somewhat repeated or spoken several times since they are viewed from different angles. In general, there are many aspects from the way Bitcoin works that are not so easy to grab at first, hence the need of treating them from different points of view.
SO, here’s what you will find in this ebook:
Table of Content
- WHY BITCOIN?
- WHAT IS BITCOIN?
- The Present Economy
- Can bitcoin really replace money?
- INVEST YOURSELF IN BITCOIN
- Reasons to Invest
- The Setbacks
- THE TERMINOLOGY AND BASICS
- Double Spend
- Public Key Cryptography
- Hash Rate
- Accounts and Wallets
- Digital Signatures
- Invalid Block
- THE SYSTEM
- When the Input and Output Amount Does Not
- Match Transaction Fees
- Are Receipts Issued?
- Types of Mining
- BUYING AND SELLING
- Online Method
- Direct Selling
- ALTERNATIVE CURRENCIES TO BITCOIN
- Bitcoin Desktop Wallets –
- Bitcoin Mobile Wallets –
- Bitcoin Online Wallets –
- Physical Wallets or Paper Wallets –
- Hardware Wallets –
- TRADING BITCOIN