Jump to content

Recommended Posts

Admin

Bitcoin is definitely the first digital currency that is entirely distributed. The network comprises of users like yourself so no bank or payment processor is required between you and whoever you're trading with. This decentralization is definitely the basis for Bitcoin's safety and freedom. Your Bitcoins can be accessed everywhere with an Web connection. Anyone can start mining, buying, selling or accepting Bitcoins no matter their location. It's not necessary to become a criminal to wake up one day and find your account has been frozen. Rules vary from place to place, but in most jurisdictions accounts may be frozen by card collection agencies, by a spouse filing for divorce, by mistake or for tos violations. In contrast, Bitcoins can be like cash - seizing them requires usage of your private keys, which could be placed on a USB stick, thereby enjoying the full legal and practical protections of physical property.

About Bitcoins

Bitcoins are an alternate currency that will be accessed via cmputers and smartphones. They rely on peer-to-peer networking and you will find no banks associated with trading bitcoins.

BitCoin operates free of charge from any centralized bank or fund. This implies that unlike practically all other varieties of currency, BitCoin currency just isn't depending on the price of stockpiles of gold and silver coins. Rather, its worth is based on the belief in this particular method of electronic "trading.

BitCoin users can trade the currency electronically for goods and services, as well as a variety of organizations worldwide are now accepting BitCoins as payment which includes a number of restaurants or large service businesses like NameCheap and Wordpress. In fact, financial specialists have stated that the good results of BitCoin depends on organizations accepting it as a form of payment.

Different exchanges allow the buying and selling of bitcoins at a higher price beside other currencies. As an example, a single bit coin has been traded from $40 - $220 in one months time. Several banks and workers of banks have shown an increased interest in bitcoins. Some significant banks have visited bitcoin exchanges as much as 30 occasions per day. Presently, bitcoin shares are traded by means of the Exante Hedge Fund Marketplace and are regulated and authorized by the Malta Economic Solutions Authority. It's estimated that Exante holds a minimum of $3 million USD in bitcoin assets.

Benefits and drawbacks of Bitcoin

Bitcoin is accepted by distinct solutions and merchants all over the world. It is estimated that the valued monetary base of this option currency is over $1 billion USD. It really is up to you if you are going to implement it or not.

Pros

  • World wide web marketers can steer clear of dealing with payment processors like PayPal
  • Supplying an further payment alternative could boost conversions
  • Transactions supply complete anonymity
  • Not according to gold or silver
  • Not affiliated with any nation or government

Cons

  • Potential for wild swings in worth (as with any currency investment)
  • Illicit use common as a result of total anonymity of transactions
  • Government interference achievable at some point
  • Worth of BitCoins tied to user belief inside the program
  • Transactional computation wants might a single day exceed the capability of users to self-process

In general, BitCoin will almost certainly benefit on-line experts by supplying an extra type of payment, but the system continues to be new adequate that it could fail. In the occasion in the collapse of BitCoin, those who would lose the most will be these holding probably the most BitCoins when the market dies. It really is kind of like musical chairs, with intangible but very real "money" around the line for those caught without a seat when the music stops. But ultimately, the risks would be the exact same for any kind of currency or investment as well as the final financial crisis created us learn this, the hard way.

The best way to Make money With Bitcoins

The average bitcoin trades at about $10 USD and the trading process is relatively straightforward. Just acquire some bitcoins, and sell them for a profit. Bitcoin exchange systems regulate the
value of bitcoins based around the present industry for them. Essentially the most well-known bitcoin exchange platform is Mt.Gox. It is estimated that almost 80 % of trading occurs on this platform. Other platforms exist and trading is, again, comparatively straightforward and easy.

Trading bitcoins can include certain disadvantages, as any type of trading does. Nonetheless, you are able to be assured that trading bitcoins are a completely legal approach to make actual funds amidst the existing financial crisis that was taking over the whole world.


🚀🚀🚀Get more traffic by publishing articles on 3500 authority websites. Register for free on Outreach.Buzz 🚀🚀🚀

Share this post


Link to post
Share on other sites
Staff

Bitcoin sounds like an excellent form of 'currency' !!!

Thanks Dennis :wink:


Visual it being so...

And it shall be...

Share this post


Link to post
Share on other sites
Admin

Yep Bitcoin seems to be more and more popular nodays. Are there any topgoldfourm members of Bitcoin ?! Id like to find out more about it and maybe to promote it more to our users. T.B.M. can you tell us more ?


🚀🚀🚀Get more traffic by publishing articles on 3500 authority websites. Register for free on Outreach.Buzz 🚀🚀🚀

Share this post


Link to post
Share on other sites

Thanks Dennis for this great article about bitcoins. It is very hot topic these days and sooner will become the most prominent method for making payments, that's why my team created an infographic about bitcoins -

Hope you'll like - http://www.acecloudhosting.com/blog/2290_getting-started-with-bitcoin-your-digital-wallet/


Finance and Accounting Consultant working at Ace Cloud Hosting, assisting accountants and CPAs on QuickBooks Hosting services .

Share this post


Link to post
Share on other sites

HI all! :-)

I want to introduce new project, directly connected with Bitcoins:

www.overthebattle.com

Over The Battle is a new concept of news. You can make a bet on real events on real news in real world!

You can bet coin “pro” and “contra” on countries participating in military conflicts or on success or failure of capture of famous mafia leader etc. You can add your own event for bets! You can just test your analytical skills making virtual bets (absolutely free) or make a real money on real events.

Want to know more?

https://en.overthebattle.com/about

Also, we offer to take a part in our referral program.

Our program will allow you to receive 50% of site commission of each bet from registered users that you bring to our site. Thus we get more members, and you - a good income:

https://es.overthebattle.com/referral

Welcome! :-)

Share this post


Link to post
Share on other sites

Hi, all :-)

We invite everyone to visit the Over The Battle Developer’s Blog:

http://overthebattle.blogspot.com
https://twitter.com/OverTheBattle

Here we publish the announcement of the website and mobile applications updates, events and affiliate programs of Over The Battle, as well as other information related to the project and its development.

Greetings!

Share this post


Link to post
Share on other sites
On my own opinion, Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced.

Holding onto bitcoins is great if you’re a speculator waiting for the price to go up, but the whole point of this currency is to spend it, right? So, when spending bitcoins, how do transactions work?

Share this post


Link to post
Share on other sites

Bitcoin is a payment system invented in 2008 and published as a open source software in 2009. The system is peer to peer and users can transact money without any help inter mediator. Each transactions are recorded in network nodes and recorded in a public distributed ledger. For more details refer Essay Writing Services Reviews

Share this post


Link to post
Share on other sites

I have noticed that bitcoin is now accepted by many forex brokers as payment deposit and withdrawal methods however some reputed forex brokers like hotforex, fxcm, fxpro, lmfx etc haven't added this in their payment method. It means that they might be in process of adding payment module or might wanted bitcoin to get more mature before they add it to their system.

Share this post


Link to post
Share on other sites
Admin

Yes Bitcoin is already accepted by the bug guys from the forex industry and I'm sure soon there will be added by other brokers as well. As someondy said, bitcoins is here to stay :) 


🚀🚀🚀Get more traffic by publishing articles on 3500 authority websites. Register for free on Outreach.Buzz 🚀🚀🚀

Share this post


Link to post
Share on other sites
Admin

Five Bitcoin Questions You are Ashamed To Ask

Today, Bitcoin is on everyone’s lips: bloggers, media, webmasters,investors are checking into this digital currency. Read bellow five bitcoin questions that many are ashamed to ask about this new kid on the block.

1. What are Bitcoins?

Bitcoin is definitely an open supply, peer-to-peer payment network and digital currency tht is referred to as a cryptocurrency. It’s not managed by a central entity like a bank, but by a distributed network of computer systems that preserve the Blockchain. The Blockchain keep tracks and history of all bitcoin transactions. Bitcoin is definitely an emerging payment instrument that may be utilized to buy goods and solutions on-line in addition to some retail shops.

Bitcoin is different from these as well as other payment networks in two essential methods.

Firstly, Bitcoin is decentralized. For-profit businesses personal the Visa and Paypal networks and handle them for the advantage of their respective shareholders. Nobody owns or controls the Bitcoin network. It features a peer-to-peer structure, with a huge selection of computer systems all more than the web operating with each other to procedure Bitcoin transactions.

The second factor that tends to make the Bitcoin distinctive is the fact that it comes with its personal digital currency. Paypal and Visa conduct transactions in standard currencies like the U.S. dollars. The Bitcoin network, nevertheless, conducts transactions inside a new monetary unit, also known as Bitcoin.

2. Who produced Bitcoin?

That is a question that at the moment nobody can answer for certain but you will find rumors about. Bitcoin was created by an individual who indentified himself as “Satoshi Nakamoto.” Whilst the name sounds Japanese, Bitcoin’s creator by no means supplied any individual particulars. He collaborated with other early Bitcoin fans via on-line forums but by no means met with other members from the Bitcoin neighborhood face to face. Then, beginning in 2010 he steadily decreased his involvement within the currency’s improvement. His final recognized communication came in 2011.

Read the full article and other articles about bitcoin on:

https://monetize.info/five-bitcoin-questions-ashamed-ask/


🚀🚀🚀Get more traffic by publishing articles on 3500 authority websites. Register for free on Outreach.Buzz 🚀🚀🚀

Share this post


Link to post
Share on other sites
On 25/04/2016 at 7:39 AM, annmariya said:

Bitcoin is a payment system invented in 2008 and published as a open source software in 2009. The system is peer to peer and users can transact money without any help inter mediator. Each transactions are recorded in network nodes and recorded in a public distributed ledger.

3

Bitcoin has really be very intriguing and popular online in the past years.  It has open a lot of business opportunities to a lot of people.  As long as you know how to utilize it properly, Bitcoin payment system will work best in every transactions that you make within your network nodes

 

Share this post


Link to post
Share on other sites

Bitcoin is majorly being used in these few years. Thanks for sharing the pros and cons of it. 

  • Like 1

Jessica Cain is an account manager at SageNext Infotech - one of the leading QuickBooks hosting provider  

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Popular Contributors

  • Similar Content

    • By Warfare
      AirTM is a a unique blockchain-and-bank-connected digital wallet and peer-to-peer exchange platform founded in 2015.
      Recently, it raised $7 million in Series A funding led by BlueYard Capital.
      Currently, you can get $1 free after the first transaction as a verified member.

      YOUR USD ACCOUNT
      AirTM is your dollar account. No matter where you live, with AirTM you can deposit and withdraw local currency to and from your AirTM dollar account. You can also send and receive dollar payments instantly and for free to and from anyone in the world.
      DEPOSIT AND WITHDRAW LOCAL CURRENCY
      Once you’ve opened your AirTM account, just hit the deposit button and enter the amount of local currency you want to hold as dollars in you AirTM account, as well as the e-transfer method you want to use to make your deposit.
      AirTM matches you with a peer who earns a small commission for completing your transaction. We debit the dollars from your peer's AirTM account as soon as he or she accepts the transaction and hold the dollars in your name to ensure that everything goes smoothly.
      You send your peer the correct amount of money via a local bank transfer (or other e-transfer method) and we release the dollars to your AirTM account.
      It’s that easy.
      When you need local currency, just hit the withdraw button, enter the amount of local currency you want to withdraw, and the e-transfer method you want to use.
      We’ll match you with a peer who will receive your local currency in exchange for sending dollars to your AirTM account.
      SEND & RECEIVE USD, INSTANTLY & FOR FREE
      With AirTM you can receive dollar payments from anywhere in the world and make dollar payments to anywhere in the world--all instantly and for free.
      AirTM is the fastest, lowest-cost, and most convenient way to preserve your wealth in dollars, convert dollars to local currency, and receive or make payments in dollars.
      Money in the cloud where you want it. Cash in your hand when you need it.
      Make money your friend again with AirTM.
      PAYMENT METHODS
      Bank Transfer
      Cash:
      MoneyGram
      Pagofacil (ARS)
      Rapipago (ARS)
      Western Union
      Electronic Transfer:
      Advcash (USD)
      Alipay (CNY)
      Neteller (USD)
      Payeer (USD)
      Paypal (USD)
      Perfect Money (USD)
      Skrill (USD)
      Tenpay (CNY)
      Uphold (USD)
      Mobile:
      Airtel (INR)
      DaviPlata (COP)
      Nequi (COP)
      Venmo (USD)
      M-Pesa
      Mercado Pago
      MTN Mobile Money
      Orange Money
      Cryptocurrencies:
      Bitcoin (BTC)
      Bitcoin Cash (BCH)
      Dogecoin (DOGE)
      Ethereum (ETH)
      Litecoin (LTC)
      Monero (XMR)
      Ripple (XRP)
      Tether (USDT)
      Zcash (ZEC)
      Gift Cards:
      Airbnb Gift Card (USD)
      Google Play Gift Card (USD)
      ITunes Gift Card (USD)
      Netflix Gift Card (USD)
      PlayStation Store Gift Card (USD)
      Spotify Gift Card (USD)
      Starbucks Gift Card (USD)
      Steam Gift Card (USD)
      Xbox Live Gift Card (USD)
      THE AIRTEAM
      AirTM founders Ruben, Ton and Jorge along with members of our management, development and support teams, have lived through the chaos and uncertainty caused by the devaluation of local currency, inflation, and isolated bank networks that make it difficult to move money into or out of the country.
      Whether it’s Mexican Pesos, Venezuelan Bolivares or any of the other 100+ national currencies that consistently lose value against the U.S. dollar, the AirTeaM is committed to helping consumers and businesses access stable money that holds its value, money that is as easy to transfer as email, and that can be withdrawn as local currency whenever it’s needed.
      Link: AirTM
    • By epixelmlm
      Are you in search for the best cryptocurrency exchange to start/do the cryptocurrency trading? Have a look at the top ranking cryptocurrency exchanges and choose the best one that suits you.
      https://www.coinspeaker.com/top-crypto-exchanges/
    • By vickyfunny
      I am not Admin/Owner



    • By nathandev
      Digital currency enthusiasts have a dream that there will be a time where humankind will be free from the burden of cash issued and control by governments through national banks. Be that as it may, the national bank for national banks has hit back to reveal to them they are only imagining. The admired Bank for International Settlements, a 90-year-old organization situated in Switzerland, has issued an exploration report presuming that cryptographic forms of money are distressed with natural inconsistencies that make their broad use as cash inconceivable.
      Most importantly, one needs to comprehend what cash is. It is a unit of record that enables us to think about the costs of various products and enterprises; a medium of trade that enables us to purchase and offer these without organizing swaps; and, at long last, a store of significant worth that enables us to spare to purchase things later on.
    • By xmlgold
      Online Currency Converter from euro to usd, BTC, Perfect Money, Wire Transfer EUR/USD, Litecoin, Advcash, Payeer, Sepa Transfer, Epay, Tether, Litecoin, Wex code, Ex-code, Ecoin voucher, C-Cex, Bitcoin ABC (BAB), Prepaid Card etc!
      XMLGold – the best digital currency deposit and withdrawal options for online traders!
      If you are an online trader (for example, Forex) and you are interested in fast, instant and safe money transfers, then XMLGold.eu will be the best choice for you.
      XMLGold is a reliable e-currency exchange company with more than 12 years of experience in e-currency sphere. With XMLGold.eu, you will always be able to instantly exchange the following:
       
      AdvCash EUR     
      AdvCash USD                                                     
      Bitcoin
      Bitcoin Cash
      Ethereum
      Tether                                         
      C-CEX USD                          
      CoinMate EUR                   
      Ecoin-code-USD                               
      EPay EUR                             
      EPay USD             
      Litecoin                                                       
      Payeer USD  
      Payeer EUR                                                     
      PerfectMoney EUR                         
      PerfectMoney USD                         
      Online Bank Transfer EUR                            
      MasterCard EUR                    
      MasterCard USD    
      XMLMoney USD
      XMLMoney GBP
      XMLMoney EUR
      In the semi-automatic mode:
      Bank Transfer EUR
      Bank Transfer GBP
      Bank Transfer USD
      SEPA Transfer EUR
      XMLGold offers Bank transfer all around the world!
      Attention! We have replaced the old link to our rates in XML with the new one: https://www.xmlgold.eu/en/request/rates.xml
      More advantages:
      - Security. XMLGold provides a high level security. All transactions are protected with the protocol of SSL 256-bit encryption;
      - Convenience. One of the main advantages of XMLGold is the user-friendly interface. Its simplicity makes it easier for everyone to use;
      - Prepaid Card. XMLGold offers its customer convenient Prepaid Card for digital currencies withdrawal. See more :https://www.xmlgold.eu/en/prepaidCard/;
      - Referral Program. XMLGold offers a profitable Referral Program which gives you an opportunity to earn 10% of our profit on each transaction made by the user who has you referred using your Referral Link!
      - Discount System. XMLGold offers progressive discount system. See more: https://www.xmlgold.eu/en/discount-system/
      - News. Follow digital currencies news worldwide with XMLGold. See more: https://www.xmlgold.eu/en/news/
      For more information, news, special offers and other information,  follow us:
      Facebook:https://www.facebook.com/XMLGold
      Twitter:https://twitter.com/XMLGold
      Google+: https://plus.google.com/communities/100721726186009427572

       If you have any questions, you can contact Customer Support: https://www.xmlgold.eu/en/support/index
       Customer support working hours:
       Daily from 9:00 till 21:00 ( + 1 GMT)

      With the highest Perfect Money Trust score (8250+) between the e-currency exchangers (By the results from www.bestchange.com) XMLGold gains the most reliable exchanger reputation! Trusted since 2006!
      For more information:
      www.xmlgold.eu


  • Topics

×