Geez…Why is Everyone Talking About Bitcoin (and other Cryptocurrencies!) While They Sleep???

Cryptocurrency seems to be the best thing since Tapioca pudding.

If you’re ready to dive into cryptocurrencies, use my link to get $10 when you buy over $100 of bitcoin.

I mean everyone and their grandma is talking about Bitcoin and altcoins (alternative currencies to Bitcoin).

And I’m over here like “wait…I can use bitcoin to buy Victoria Secret lingerie???” Ok, tell me how I can learn more about Bitcoin. It must be something special if more retailers are accepting it as a form of payment.

But is it really as good as Tapioca pudding? Well, it depends on which cryptocurrency you’re referring to.

If you are absolutely clueless about cryptocurrency, you better ask somebody. That’s why we’re here!

Here are the basics of cryptocurrency that you wish your bestie would have told you a few years ago:

What is Cryptocurrency?

It’s a digital asset that is designed to work as a medium of exchange (without government intervention). You know how the Government and Federal Reserve Banks control the money supply, right? Well, cryptocurrency gained it’s fame because it’s decentralized. This means that the Government does not control this (still trying to determine if the government has the ability to mind their own business). It’s a peer to peer exchange….at least for now.

Cryptocurrency uses cryptography (some type of highly complex coding)  to secure the transactions. These digital currencies are powered by blockchain – a growing list of records, called blocks, that are stored on a public ledger.

Are there different types of cryptocurrency?

Yep!

The most popular and first cryptocurrency to hit the market was Bitcoin (2009). 

Then you have Litecoin (2011). It was created by a Google engineer. Litecoin tried to take bitcoin down by offering a faster transaction confirmation rate.

You also have Ethereum (2015). It is a decentralized platform that was launched in 2015.

I can go on and on and on….

So if you want to find out more about these types of cryptocurrencies and the hundreds of others that exist, make sure you subscribe to www.blackcoupletravels.com and be on the look-out for the next wealth webinar.

Why are cryptocurrencies different prices?

Well, that’s just like asking why shoes are sold at a different price. If you see a price in the marketplace, it’s because that is what people are willing to pay.

For example, if you bought a pair of the highly coveted Louboutin shoes, you would expect to pay a lot more than you’d pay for some Skechers. Yes, people are willing to pay over $600 for a pair of shoes with red soles! Now a pair of Sketchers could run you around $65. If you tried to sell a pair of Sketchers online for $300, people would probably look at you like you are CRAZY.

How do I get my hands on cryptocurrency?

Shares of stock are traded on a stock exchange, right? It works the same way for cryptocurrencies. There are different exchanges for the different types of cryptocurrency we discussed.

The most popular exchange for cryptocurrency is Coinbase. If you want to start trading now and want to earn extra money immediately, use my discount code!

By using my referral code, I will get $10 and you will get $10 when you sign up to use Coinbase and purchase over $100 of bitcoin.

Referral Code:

https://www.coinbase.com/join/59dbd73ad7a99d00c3a76963

So why the heck is everyone talking about cryptocurrency?

Word around town is that cryptocurrencies are giving more people access to financial services and a sense of financial freedom that has never been seen in our lifetime.

But the word is still out on this thought.

Everyone is checking their accounts trying to see “will the crypto-economy crash or will it really be the best thing since Tapioca pudding?”

Stay tuned for more cryptocurrency updates…

Charlene Rhinehart

I’m Charlene - International Speaker, Published Writer, & Career Strategist. I help women skip the most common career mistakes, move from fear to confidence, and enhance their professional profile so that they can create a life that is better than their dreams.

5 thoughts on “Geez…Why is Everyone Talking About Bitcoin (and other Cryptocurrencies!) While They Sleep???

  • November 6, 2017 at 9:06 am
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    Kucoin is a brand new cryptocurrency from Hong Kong. It is highly thought to do really well over the next few weeks. This is one ICO coin to invest in, especially at $0.40! Heres the link to check out – http://bit.ly/Kucoins

    Reply
  • November 7, 2017 at 10:33 pm
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    Bitcoin has far become so popular that it is now everywhere online! Many people have been asking how they can get to know Bitcoin more so I have decided to explain all the basic ins and outs.You will LearnWhat is Bitcoin?How it worksHow you can get a Bitcoin wallet free of chargeHow to fund your Bitcoin WalletWays to double/grow your BitcoinWhat is Bitcoin?Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins are not printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.How to get Started with BitcoinThe first step to getting started with Bitcoin is to get a bitcoin wallet which would be explained below in some short and simple steps.A Bitcoin wallet is like a bank that helps store all your obtained Bitcoins. There are different Bitcoin sites where you can create a bitcoin wallet for free, examples are:CoinbaseBitx.comBlockchain.infoBut I personally recommend blockchain.info because I have been using them for quite some time now and have had no issues with them, though other Bitcoin wallet websites are ok too, But I am going to be using Blockchain.infoNow that you’ve had knowledge about Bitcoin wallet, it is time you get to know how to create a bitcoin wallet which would be explained below:How to get a Bitcoin Wallet from BlockchainStep 1. Visit blockchain.info and click on Wallet >> Get a Free Bitcoin Wallet, this registration would require you to input your email address and other necessary information. Make sure to provide the correct detailsStep 2. You would be asked to confirm your email make sure to do so, and also take/not down your wallet ID because it is what you are going to be used to Login to your Bitcoin Wallet (Blockchain).Step 3. Now that you are all set, it’s time to fund your Bitcoin WalletHow to fund your Bitcoin WalletNow there are two ways to fund your Bitcoin walletMining Bitcoins:This process is free but I personally do not recommend it because most of the bitcoin mining sites end up being a scam. Example of some sites that allows you earn free bitcoins is bitminer.io, coinn.io, earnfreebitcoins.net and lots other.I am not condemning the sites but I share from my own personal experience, while there are scams; there are also legit ones. So it’s up to you.Buying BitcoinsThis is the most recommended way because the transaction is discussed between two parties i.e. You (The buyer) and the second party (The seller).But you have to trade carefully as there are scammers everywhere Apart from this there are also sites online where you can buy bitcoins e.g. 247xchanger.com, 9jacash.com, 247exchanger.com, etc.You can search on google with the keyword “Where to buy and sell bitcoin in nigeria”. Now that you know how to fund your Bitcoin wallet you might be asking “How to Double my Bitcoins or Earn Bitcoins” There are many ways you can double your bitcoin wallets which are mentioned belowWays to Earn Bitcoins and Perhaps Make money from itThere are many sites you can invest your Bitcoin to get double in few days/months but in the process of doing this, you have to be careful!You could search up google for “Invest in Bitcoins” and there’d be a lot of them available.You simply join the programme and help a member of the community with some bitcoins and you in return get some of your investment.Let’s take for instance you join the programme and invest $10 bitcoin, you get 100 or the stated at the end of the month, weekly etc..Last but not the least you may want to ask “How Do I convert this bitcoins to Cash”?How to Convert Bitcoins to Cash and Send to your Local Bank AccountTo convert your bitcoin to cash, follow the below explanation.After growing your bitcoins, a great way to convert it to physical cash is to sell it!Bitcoins rate increases day by day and many people are in need of it either for investment, for resale etc.So you can actually sell your bitcoins for cash! Some sites you can sell your bitcoins are 247xchanger.com, you can check google for sites where you can sell your bitcoins instantly, you get paid the cash directly to your bank account while you send them a number of bitcoins required.So I believe by now I have been able to explain to you in details How Bitcoin Works.Legit Nigerian Sites to Buy and Sell Bitcoins LegallyIf you are looking for Best and Trusted Nigerian sites where you can buy and sell bitcoins, then check 247xchanger247xchanger247xchanger.com is operated by Rivox Solutions NIG. LTD which is a registered company with CAC. The company is registered to provide e-commerce services, Internet Marketing, ICT, e-currency exchange, etc.On 247xchanger you can buy your bitcoins either for re-sell, investment etc. While you can also, sell bitcoins if you want to convert your bitcoins to cash. Apart from buying and selling bitcoins.To get started you should head into 247xchanger.com and SignUp, then carry out your transactions.I have personally used them, and their service’s fast and trusted. So you have no fears transacting, You can trade with them safely and if you face any difficulties while surfing through their site, do not hesitate to contact their support team.In summary of the above post, below are the best Nigeria Sites to buy and sell bitcoins;247xchanger9jacashCarproglobalLearning how bitcoins work should not be a problem anymore, however, I encourage you to keep on exploring as that is the best way to get to know anything easily and fast.

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