Bitcoin is the most renowned cryptocurrency today. From 2009 to 2017, just within a few years, Bitcoin has largely asserted itself as the richest people of the world are now showing great support for the currency. It clears that this century belongs to Bitcoin. Now, the question arises, how to take part in Bitcoin revolution. There are more than 100 different ways to join this blockchain revolution. We will discuss only a few of them here. Before the discussion, let me tell you some important points, which you have to keep in mind during Bitcoin’s ride:
- Briefly, explain about Bitcoin to others.
- Create transactions by buying Bitcoin.
- Acquiring bitcoins.
- Do transactions through Bitcoin.
- Setup your Bitcoin wallet address.
- Tell about Bitcoin revolution confidently. In addition, completely guide them about how they can use secure and transparent transaction system.
- Tell them the difference between the currency and Bitcoin.
Now, let’s start a ride to Bitcoin revolution.
1. Acquire Bitcoin:
If you want to acquire bitcoin, there are three ways users by users.
Accept Bitcoin Payments:
Through merchant, solutions get start to accepting Bitcoin payments. There are more than 100,000 retailers who accept the bitcoin as a payment. These retailers hold high-profile business like Amazon, Tesla, Microsoft
Bitcoin mining is same like gold mining. Gold mining is in hardware services whereas Bitcoin mining is done on the Bitcoin network. So what do you conclude; Tools for Bitcoin mining are gold pans or buckets?
No, Bitcoin tools include a powerful PC and specialized software. You can easily mine Bitcoin by solving the complex math puzzle. When miners successfully solve the puzzle, they get the reward of 25 bitcoins which becomes half every four years.
Now, you have to purchase Bitcoin using cash from Bitcoin exchange and after that, your Bitcoin wallet.
2. Engaged in Bitcoin Services:
The venture capitalist Tim Draper says, “Bitcoin world is this new ecosystem where it doesn’t cost that much to start a new Bitcoin company. It doesn’t cost much to start owning Bitcoin either, and it is a much more efficient way of moving money around the world.”
The most desirable aspect of Bitcoin is to start your own business with low cost.
If you have no idea how to start and where to start with Bitcoin. Then observe the current performance of expertise of Bitcoin.
Bitcoin payment processors and digital or hardware wallet services are used for this purpose.
3. Provide Solutions for Acceptance:
If you can create a way to convince non-users to use Bitcoin, you are onto the winner.
4. Leverage Blockchain Technology:
For many financial institutions, the blockchain recording system holds promise as a secure, improved and transparent method to speed up transactions, cut costs, and eliminate fraud. Because of this, organizations are looking for ways to leverage blockchain technology for their own businesses.
5. Invest in Bitcoin:
Bitcoin is limited in number - 21 million to be precise. So, being an investor, you must know that increase in demand leads to the limited supply, hence the higher prices. If you are looking for a long-term solution for your financial problems, investing in Bitcoin is the best way.