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All You Need to Know About Bitcoin

All You Need to Know About Bitcoin

Education
Bitcoin is an extremely safe and reliable, software-based online payment system. To keep things simple, we can just look at it as a form of digital currency. Bitcoin is not a payment system but it’s actually like money. Digital money, to be exact. Just like real money, it can be exchanged for goods and services. To understand how bitcoin works, you will need to understand the components that make bitcoin what it is. Firstly, it is digital. There is nothing to see or hold. It is not tangible like paper currency or coins. Secondly, it is peer-to-peer based. That means you are in total control. There are no banks, third parties or intermediaries to take a chunk of your bitcoin as fees. You send your bitcoin directly to the person…
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The Pros and Cons of Bitcoin

The Pros and Cons of Bitcoin

Education
Bitcoin is one of those things that you either have a good idea about or you’ve heard of it but have no inkling what it really is. The media has not really mentioned bitcoin really is. In simple words, it’s a digital currency and a payment system. A two-in-one online currency solution that is gaining popularity all over the world. In this article, we’ll examine the pros and cons of bitcoin. At the end of the day, you will need to decide for yourself if bitcoin is your cup of tea. Whatever your decision may be, bitcoin is here to stay and is gaining popularity with more and more people accepting it around the world. Let’s look at the pros first. 1. Low transaction fees Fees charged by online payment…
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Protecting Your Bitcoins from Loss or Theft

Protecting Your Bitcoins from Loss or Theft

Education
Just like traditional currency, bitcoin too can be lost or stolen. It is crucial to take steps to protect your bitcoin or you may end up in a situation where your bitcoins are coin and there is absolutely no way to get them back. You can’t go to the police because unlike normal theft or burglary, most police are not equipped to handle digital theft, etc. Prevention is better than cure. Follow the steps below to safeguard your money. The number one reason people lose their bitcoins is through carelessness. Bitcoins are kept in a digital wallet. There is an encryption and a password. If you commit the password to memory and forget it later on, it is impossible to recover the bitcoins. This has happened to many people and…
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So Many Ways To Buy Bitcoins

So Many Ways To Buy Bitcoins

Education
Bitcoin is the latest and hottest online payment system that the internet savvy community is raving about these days. It is a topic that the general layman is not really aware about and does not really understand due to its steep learning curve. It is a digital currency and payment system that is secure, private and very simple to use once you know how. It is not regulated and is becoming more and more valuable with each passing day despite the fluctuations. Some people hoard it as a form of investment. Others use it to purchase items discreetly since total privacy is a bitcoin benefit. Whatever the case, in order to use bitcoins, you must first acquire them. That’s what this article is about. Before even getting any bitcoins, you…
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How Bitcoin Prevents Double Spending

How Bitcoin Prevents Double Spending

Education
To understand how bitcoin solves the double spending issue, you need to know what double spending is. It’s a pretty simple concept to understand and this problem only exists on the internet and not in the real world since you can’t double spend with traditional currency. Wikipedia states that double spending is, “a failure mode of digital cash schemes, when it is possible to spend a single digital token twice. Since, unlike physical token money such as coins, electronic files can be duplicated, and hence the act of spending a digital coin does not remove its data from the ownership of the original holder.” So, what does this mean? Let’s look at this scenario. You visit a store to buy a book. You have ten dollars in your wallet and…
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The Real Crypto Wealth Secret At Play Right Now…

The Real Crypto Wealth Secret At Play Right Now…

Earn Bitcoins, Featured
If you've looked around this site and crunched the numbers at all, you'll realise that crypto currencies do offer a very real opportunities for taking a small starting bank and turning it into some serious Altcoin over time. Some of the methods we've shown you are more profitable than others. Some are clearly faster than others. Some will carry more risk. But for my money, there is one way to dramatically increase your returns and to speed up your timeline, all while seriously reducing your risk... And that is by taking advantage of the state of the industry itself. Because this industry is an affiliate marketers dream! It is still brand new and all kinds of businesses are trying to cash in on it. Countless vendors madly trying to come…
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Project Ethereum Review

Project Ethereum Review

Earn Bitcoins, Ethereum, Featured, Reviews
In any investment situation, diversification is key to managing risk and ensuring consistent results in all market conditions. Cryptocurrencies are no different. If anything, diversification is even more important. Their prices tend to be quite volatile, so it makes a lot of sense to develop holdings in a number of different Altcoin, so if one experiences a correction, the impact on your overall position is minimal. At this point, I'm spreading my holdings across several Altcoins but the one that excites me the most is Ethereum. While it has many shared traits with Bitcoin, it uses a vastly different technology which makes it a very useful hedge. It also is much newer and cheaper, currently less than one tenth the value of Bitcoin... give or take... so a it's a…
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Review of CoinXL Autotrading Platform

Review of CoinXL Autotrading Platform

Earn Bitcoins, Featured, Reviews
CoinXL is a passive trading opportunity that is currently working very well for me from a small initial investment. CoinXL relies on their own cryptocurrency trading bots... complex algorithms to detect when a crypto market is going to increase or decrease... allowing the bot to buy low and sell high. Members purchase a packages as low as 0.05 BTC up to as high as 5 BTC which are then traded on their behalf. Members are then paid a 1% return on their investment each day for a total of 150 days, recouping 150% of their investment. Members can then reinvest their initial stake and keep their profits, or reinvest the lot in a larger stake. At time of writing I'm only part way through my first cycle, so there are…
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Review of Trade Coin Club Opportunity

Review of Trade Coin Club Opportunity

Altcoin Investments, Currency Trading, Featured
This is a currency trading club where Member purchase the software and then use that suite of trading tools to trade their own funds at whatever level they want, starting with as little as 0.01 BTC. Trading is semi-automated and the Member retain full control over their account funds. You can choose to trade with more than 30 types of Altcoins, creating a well diversified portfolio quickly and easily. For the MLM side of things, the Trade Coin Club software is the product you're promoting, so there's legitimate value being added to the network when you refer new Members... hence the generous compensation package. It uses a binary matrix which means when an active Member brings in more than two new Members, any more are placed even deeper in the…
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Hashing 24 Review

Hashing 24 Review

Bitcoin Mining, Earn Bitcoins
The Hashing24 team has been in the cloud mining business since 2012 and they've recently created a new partnership with one of the the industry’s leaders – BitFury - to deliver even more powerful mining tools to their users. Hashing24 has a reputation for reliable service and state of the art speed, capacity and performance. They work tirelessly to achieve optimum efficiency to deliver the best possible margins in Bitcoin transaction processing. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible. Hashing24 was made by professionals for individuals who want to get involved in bitcoin mining at any level.  They believe that everyone should be able to benefit from Altcoin mining and have access the latest technologies and high-performance large scale industrial data centers. This is…
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