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Bitcoin Mastery

Disclaimer
This e-book has been written for information purposes only. Every
effort has been made to make this e-book as complete and accurate as
possible.

However, there may be mistakes in typography or content. Also, this

e-book provides information only up to the publishing date. Therefore,
this e-book should be used as a guide - not as the ultimate source.
The purpose of this e-book is to educate. The author and the publisher
does not warrant that the information contained in this e-book is fully
complete and shall not be responsible for any errors or omissions.

The author and publisher shall have neither liability nor responsibility
to any person or entity with respect to any loss or damage caused or
alleged to be caused directly or indirectly by this e-book.

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Authors Bio

[YOUR NAME] is an entrepreneur living in [YOUR COUNTRY] who loves

sharing knowledge and helping others on the topic of [TOPIC].
[YOUR NAME] is a passionate person who will go the extra mile and
over-deliver.

[YOUR NAME]’s words of wisdom:

"I believe that there are no secrets to becoming successful in life. And
I truly believe the result to true success in life is the result from hard
work, the preparation and the most important of them all, the learning
from the failings.

If you would like to learn more from [YOUR NAME], please visit:

[YOUR WEBSITE]

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Table of Contents

Introduction.............................................................................7
The Growth Of Bitcoin.................................................................................8

Chapter 1: Knowing What Exactly Bitcoin Is...........................10

So… What Is Cryptocurrency?.....................................................................11
The Trending Popularity Of Bitcoin...............................................................11

Chapter 2: The Trading Of Bitcoin...........................................13

Becoming a Bitcoin Trader..........................................................................13
Becoming a Bitcoin Investor.......................................................................14
Cryptocurrency Investing Strategies............................................................14

Chapter 3: Why You Should Be Investing In Bitcoin................17

What Cryptocurrency Should You Invest In?.................................................18
Bitcoin Advantages....................................................................................19
Should You Worry About Investing In Bitcoin?...............................................20

Chapter 4: The Importance Of Bitcoin Security.......................22

Hot Wallets..............................................................................................22
Cold Wallets.............................................................................................23
Watch Out For The Cryptocurrency Scams....................................................24

Chapter 5: Start Making Money With Bitcoin...........................26

What Is Bitcoin Mining?..............................................................................26
What Is Cloud Mining?...............................................................................27
When You Should Buy and Sell Your Bitcoins.................................................28
What Is Microtask for Bitcoin?.....................................................................28
Becoming a Bitcoin Day-Trader...................................................................29
Trading Bitcoin On The Market....................................................................30
Start Using Your Bitcoins For Online Gambling..............................................31

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Learn What The Bitcoin Faucets Is...............................................................31

Earn Bitcoins as a Blogger..........................................................................31

Chapter 6: Using Bitcoin For Your Online Business..................33

The Future Economies Of Bitcoin.................................................................35

Chapter 7: The Bitcoin Vocabulary..........................................37

Chapter 8: Setting Up a Wallet................................................41

Chapter 9: The Possible of Bitcoins.........................................44

Chapter 10: What Is Blockchain Technology...........................47

Chapter 11: The Advantages Of Bitcoin...................................49

Chapter 12: You Should Start Charging Bitcoin.......................51

Conclusion..............................................................................53

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Introduction
____________________________________

To most people, Bitcoin can seem like a financial concept made

in a parallel universe.

Yes, it’s a very complex and complicated concept, but it doesn’t mean
it’s impossible to learn it. When you think about it, many people
started off with no idea about bitcoins and how it worked.

But look at them now, they’re probably investing left and right in
various cryptocurrencies like pros and possibly profiting very nicely as
well! So, in this article, we’ll try to simplify how Bitcoin works using a
betting game analogy:

Imagine playing a betting game with your friends, but none of you
have any money on hand, so you decide to use a ledger to record the
transactions, like your winnings and losses. But you don’t want to put
your trust on one friend to record everything, so a lot of you decide to
make a ledger simultaneously.

This way, at the end of each game, those who kept ledgers can
compare their records to see if it all evens out—which means that
cheating the system would be virtually impossible unless everybody
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else is in cahoots with you, which ultimately defeats the purpose of

cheating in the first place.

The ledger is not hidden or exclusive to the ledger keepers; you can
view it anytime you want. To add your transactions to the ledger, all
you have to do is broadcast your transactions to the ledger keepers,
and you pay as little or as much as you want to make sure they put
your name down on that ledger as soon as possible.

Your friends who keep the ledgers up to date get compensation for
their hard work with a reward in the form of money. This money
comes from an external source say, a vault with a limited amount of
money. The money in the vault wasn’t part of the money circulating in
the betting pool, but it became so once it was acquired by your ledger-
keeper friends.

This simple analogy is exactly how Bitcoin operates, albeit on a much

more complicated level. Bitcoin runs on a global computer network,
and each transaction is compiled into new blocks which are then
connected to the last block on the blockchain. And the bitcoin miners
are the ledger-keepers who work hard to record transactions and mine
those precious bitcoins.

The Growth Of Bitcoin

The world has witnessed tremendous growth in virtually all sphere of

life. It owes its advancements to the great intellectuals whose succor
lies in solving practical human problems.

A noteworthy invention is the recent introduction of global digital

currencies that uses a public ledger system for payments, investment
and other forms of transactions.

These transactions are now being carried out with ease and devoid of
any restrictions whatsoever. It is a revolutionary transition from the
engraved metallic coin to the printed papers and now, to the reign of
digital currencies. Such digital currencies include the likes of Bitcoin,
Ethereum, Litecoin, etc. and they are categorically called
cryptocurrencies.

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Bitcoin is blazing the trail in the world of the digital currencies. This is
perhaps because it has become widely accepted by people from every
facet of life. World leaders with stronger economies are beginning to
see the enormous potential residing in the power of Bitcoins.

Although they have their fears that decentralized cryptocurrencies may

result in subverted activities with untraceable transactions, they
nonetheless have also seen the minimum risk involved in using it.

Bitcoin can be issued in fractional denominations, which are Bits and

the Satoshi. A bit represents the common unit used to designate a
subunit of a Bitcoin. An estimated 1000000 bit is equal to 1 bitcoin.

This unit is used as small denominations in the Bitcoin world. It is

estimated that 1bits is equal to 0.00000100 Bitcoin and the smallest
unit is the Satoshi, with 1 Satoshi equaling 0.00000001 bitcoin.

If you are new to the cryptocurrency world, there are ways to set up
your Bitcoin account and make your first purchase. You could also earn
it by services rendered, goods sold, and individual cloud mining, plus
largescale mining pools requiring sophisticated hardware.

Setting up your Bitcoin account is simple. Some of the sites offering

this service are blockchain.info, coinbase, and Xapo. All you have to do
is, visit the sites, fill in the required information and create an address
peculiar to that wallet.

This address will be required to have all transactions done online.

There are also offline wallets often called a cold wallet. A cold wallet is
relatively safer to store your Bitcoin. However, it is required that the
computer is highly secured from virus and intruders that could hack
away your Bitcoin.

Having purchased or earned your Bitcoin, you can invest or simply

store them in your wallet. Watch out for market trends and sell your
Bitcoin in exchange for fiat currency of your choice to make a profit. If
this still sounds a bit confusing, don't worry. Just keep reading, and
we'll walk you through each step of the process.

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Chapter 1: Knowing What

Exactly Bitcoin Is
____________________________________

Bitcoin is a type of digital currency that is produced and held

electronically.

They are not issued as printed papers like the dollars, yen, euros, and
pounds. They are increasingly being produced by people, businesses,
and enterprises running computers all over the world using software
that solves mathematical problems.

Bitcoin transactions are sent from persons to persons without a third

party like the conventional centralized banking system. In other words,
it operates on a decentralized system with no government, regulating
body, company or individual having sole control over it. Hence, all
transactions are peer to peer.

All transactions carried out are absolutely transparent. Copies of the

electronic ledger are reserved across a distributed network of
computers hosted on the web with no single point of failure. The
technology behind this is Blockchain which is fast becoming well
accepted worldwide. The mining of Bitcoin is difficult, and as it stands,

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the demand for it is very high hence it's rapidly increasing exchange
rate. It is a currency which is only less than a decade, yet it has
gained more relevance than the printed fiat currencies. This is because
of the value it has created in such a short time of its existence.

Bitcoin uses the acronym BTC as its unit. Bitcoin and other digital
currencies like Ethereum and The-Billion-Coin also fall in the monetary
category known as cryptocurrencies. They are also based on
mathematical proof.

So… What Is Cryptocurrency?

Cryptocurrency is a general term used to describe digital currencies

created to enable the medium of exchange using cryptography.

This ensures the security of all transactions carried out as well as

controls the transfers and creation of additional units. Bitcoin is the
first ever decentralized cryptocurrency created.

This decentralized cryptocurrency is based on a software developer

called Satoshi Nakamoto’s proposition. He proposed that an electronic
payment system currency, independent of any central authority,
transferable electronically with low transaction fee and ease be
produced. His idea yielded results when Bitcoin was created in 2009.
Today, the smallest units of Bitcoin are called the Satoshis.

The Trending Popularity Of Bitcoin

After a turbulent start of 2017, there was an increasing rise in the

global cryptocurrency market and the market hit its stride in the early
month of February. This increase rise gave reasons for strong
optimism in the future of Bitcoin.

These rises out-performed key market leaders such as S&P, DOW, etc.
giving Bitcoin unusual popularity. Bitcoin has also found an increase in
its usage and value.

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Experts believe that it is because of the following reasons:

• It is believed to be safe and appreciative which has helped to

grow its value.

• Payment methods involving high-risk fraud have drastically

reduced to its barest minimum with its usage unlike those done
through credit and debit cards.

• Some parts of the world where the no-VAT ruling is practiced,

e.g., Europe, has also helped to increase its popularity.

• Another profound reason is its increasing acceptability all over

the world for payment for goods and services via the web.

• The future of cryptocurrency is fast taking over from other online

payment methods such as PayPal, credit and debit cards which
has restrictions on usage. Some countries are not even allowed
to use such means of online transactions.

With the popularity of Bitcoins across the globe, it is certain that the
future looks bright for the digital currencies.

More and more people, companies and agencies are starting to take a
keen interest in this form of currency.

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Chapter 2: The Trading Of

Bitcoin
____________________________________

Trading and investing may sound the same, but in reality, they
are as different as day and night.

Trading refers to a short-term method of trying to profit from buying

and selling of bitcoins while investing refers to a long-term strategy
where a buyer will hold on to their bitcoins for a long time and ride out
any dips in the market price.

Becoming a Bitcoin Trader

The Bitcoin trader thrives on the exciting volatility of bitcoins. They’ll

try to time the market and buy bitcoins when the price dips and then
they’ll wait for the price to go up before they sell their bitcoins.

Trading is a high-risk game because you’re betting for the price to go

up or down. Not everyone can trade, however. The most successful

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traders are those who have nerves of steel and can detach their
emotions from their trades.

Traders don’t get scared of dips in the price because they are
optimistic it’s going to go up again, sooner or later. They are looking to
maximize their profits, too, so they’ll mostly invest a lump sum and
buy at the lowest price they can possibly go for, and then they’ll wait
until the price is high enough for them to make significant profit.

Trading takes a lot of guts. It takes a lot of thought and analysis. If

you’re an emotional type of person who gets physically sick with every
dip in bitcoin price, then you’re better off investing, and not trading, in
bitcoins.

Becoming a Bitcoin Investor

Bitcoin investors are different from traders. They’re in it for the long
haul. They’re not looking to take advantage of short-term fluctuations
in the exchange rate. If the price goes down by hundreds or thousands
of dollars, they’re probably going to get worried, but they’re not going
to pull out their investment because they’ve already decided they’re
going to hold it for the next 10, 20 or 30 years.

A wise investor will practice the dollar cost averaging method to

manage risk. This means whether the price goes up or down, they’re
going to buy bitcoins and hold them.

This strategy is perfect for long-term investments as you’re essentially

spreading the risk. Though profits may not be as significant as short-
term trading, the bitcoin investor probably sleeps easier at night as
they’re not worried how the charts are going to look like tomorrow or
the day after.

Cryptocurrency Investing Strategies

Investing in highly volatile bitcoins and other cryptocurrencies is risky

business. These currencies are all electronic or virtual in nature, and
thus have no physical presence. They don’t even have intrinsic value.

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However, no one can deny that right now these cryptocurrencies are
extremely valuable and those who invested in the early days, and held
on to their investments, are living the high life now as multi-
millionaires, and even billionaires!

If you want to be like these wise investors sometime in the future,

then follow these 4 investing strategies to increase your chances for
success.

1. Prepare For Volatility

It’s basically a given for cryptocurrencies that they are going to be

extremely volatile. One minute the price is sitting at 5 digits, and the
next it’s at 4 or even 3 digits!

It’s absolutely unpredictable, and if you don’t take its volatility

seriously, you could get in a lot of trouble. You could panic and sell off
your crypto so you can minimize your loss.

However, if you’ve braced yourself for scenarios like this, then you’d
probably just shut down your computer, or turn off your TV, and lie
down and sleep off your doubts.

Tomorrow is a different day, the price could go back up, and all will be
fine with the world. Being prepared for volatility is tough, but it’s
definitely doable.

2. Proceed With Caution

Do your research before you start investing in bitcoins and other

cryptocurrencies. When you’re dealing with hard-earned money, you
don’t want to lose everything in one day. You’re investing to make a
profit sometime in the future. Don’t go all in without studying what
you’re putting your money into.

3. Diversify Your Portfolio

Don’t put all your eggs in one basket, so to speak. Don’t just invest in
bitcoins. If possible, invest in other cryptocurrencies as well as
traditional assets like stocks, bonds, and mutual funds. At least if

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bitcoin prices drop, then you’re not going to be totally in the red. Your
other investments will help keep you afloat.

4. Store Your Virtual Coins In Cold Wallets

Investing is a long-term game, and it is not advisable to keep your

cryptocurrencies in online wallets such as your exchange’s wallet, or
even your mobile app wallet.

Keep your private keys in cold wallets such as paper or hardware

wallets since these aren’t connected to the Internet. You can keep
small amounts in your online wallets, but the bulk of your investments
should be offline.

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Chapter 3: Why You Should Be

Investing In Bitcoin
____________________________________

It is no longer news that those who invested early in Bitcoin

are reaping from the value it has amassed.

It is estimated that between the years 2011 to 2012, Bitcoin value

increased by 300% and between August 2013 till November 2014, it
increased above 400%.

However, just recently, it has been down to around 34%. Investors

and venture capital firms continue to see the need to bet on the
cryptocurrency.

The simplest way to invest in Bitcoin is to buy some. Buying Bitcoin all
around the world is simple. In the U.S. for instance, the most popular
avenues to buy and sell Bitcoin are coinBase, bitstamp and Local
Bitcoins. Some of these avenues have links that connect a local bank
account which enable easy transactions to be made.

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There is also a local website which links buyers and sellers to provide a
good deal offline. With these, you can be assured that the profit you
have after one-year investment in Bitcoin will be great.

What Cryptocurrency Should You Invest In?

According to reports from FORBES, there is huge hype surrounding

Bitcoin, cryptocurrency and the Blockchain technologies rivaling the
dotcom bubble.

A lot of printed money is being converted into the digital currency, and
this trend doesn't seem to be slowing down anytime soon. The price of
Bitcoin in the crypto market is far more valuable than other
cryptocurrencies.

The popularity of Bitcoin over all other digital currencies has created
more value and market for its usage.

The most famous sites that use Bitcoin as a medium of

exchange are:

• Wordpress.com
• Microsoft
• Reddit
• Pirate Bay
• Virgin Galactic
• Namecheap
• Wikipedia
• Overstock.com
• Amazon.com

The crypto market today has attracted more money from other capital
markets because of the popularity of the Bitcoin. A forex and stock
market trader will find it easier to make money on the crypto market
than all other volatile markets with very low return on Investment.

Bitcoin being the leading digital currency is a certain crypto market to

venture into.

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Bitcoin Advantages

Bitcoin has a lot of benefits when compared to the printed money like
the dollar and Euros. Below are the best benefits it has:

1. Interruptions by third-party do not exits

One of the most widely known benefits of the Bitcoin is that

interruptions by banks, governments, and other financial
intermediaries have no effect on Bitcoin transactions.

The system exists as a peer to peer network, this creates a great

degree of freedom to transact on a daily basis.

2. Payment ease

Users of Bitcoin can pay for their transactions made online with ease.
Anywhere there is internet access in the world, users can carry out
transactions. Purchasers never have to go to the bank or store to buy
items. Also, the users’ accounts information is not a necessity to carry
out a particular transaction.

3. Very low transaction fees

As stated earlier, due to non-intermediary between the buyer and

sellers of products, transaction fees have been kept at the barest
minimum. This will prove very useful to travelers and other major
foreign exchangers.

Unlike the standard transfer system which involves a great of deal of

fees and exchange cost, Bitcoin transactions only cost very low
amounts.

4. No taxation

Taxes levied by governments and other financial institutions are clearly

averted since no intermediary is involved. This is because all the viable
ways to implement taxation of Bitcoin which would have had a great
impact on the transactions made are all eliminated.

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5. Speed of Transaction

Transfer of Bitcoin over the internet is very fast; this quickly eliminates
the inconvenience caused by authorization of the transaction made.
The wait periods for every transaction is eliminated.

6. Bitcoin cannot be stolen

Owners of Bitcoin have a unique Blockchain address peculiar to them.

These addresses can only be changed by their owners alone. No one
can steal Bitcoin unless they have access to the user’s computer, and
then send the Bitcoin to their own Blockchain address.

7. No tracking

There are no way transactions made can be traced by other

unauthorized persons unless the user publicizes their addresses.
Therefore, there is a great privacy allotted to every unique address.

Should You Worry About Investing In Bitcoin?

Bitcoin is the first decentralized digital currency. This lack of control by

central authorities is the primary reason governments, and other
financial authorities are worried about the crypto world.

To understand this fear, it is important to know about governments

and the conventionally printed currencies.

The term used to describe the conventionally printed currencies issued

by the government is FIAT. Fiat currencies have unique value issued
by the government. The fiat currencies are not backed up by tangible
assets.

This simply means that you cannot exchange fiat currency with
tangible assets such as gold or silver from the governments that issue
them. You can only do so with other entities that possess those assets.

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Control of fiat currencies matters to the government because they use

the central banks to issue or destroy money through what is known as
‘Monetary policy’ to create economic influence.

Governments also control the transfer of fiat currency enabling them

to track currency movement. This defines who make profits from such
currency movements and the levied taxes. It also helps trace criminal
activities involving money laundering.

The government also uses fiscal policy to control money in circulation

in an effort to stimulate investment and spending, generate jobs and
to a greater extent avoid inflation and recession.

If Bitcoin and other digital currencies become well adopted,

governments fear that the banking systems all over the world would
become irrelevant and possibly extinct. Many workers would be laid off
from their jobs and taxes, and the revenue the governments often
gain from the banking industry would be no more.

Untraceable illicit transactions involving crime such as terrorism,

money laundering, drug trafficking, prostitution, tax evasion and other
subversive activity would increase.

Since digital currency cannot be held, it's vital for users to have good
storage ability. A computer is the means of storing Bitcoin, and if the
users don't have a good antivirus and backup system, they could lose
their money.

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Chapter 4: The Importance Of

Bitcoin Security
____________________________________

There are basically two general types of wallets to keep your

bitcoins, and other cryptocurrencies, safe.

There are cold wallets and hot wallets. In this article, you’ll find out
the pros and cons of each type of wallet so you can make an informed
decision when choosing which wallet to go for.

Hot Wallets

Hot wallets are called hot because they are connected to the Internet
which generally means it’s easier for hackers to hack into and steal
your valuable coins from you.

Examples of hot wallets include those free wallets at your favorite

bitcoin exchange website like Coinbase or Kraken, and mobile app
wallets.

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Desktop wallets are another form of hot wallets especially if you install
it on a system that’s connected to the Internet. However, you do have
control over your private keys, and you can encrypt your wallet to
prevent hacking attempts.

The only downside to desktop wallets is if your computer gets

destroyed or stolen, then you can pretty much say goodbye to your
bitcoins.

There have been many instances of theft in hot wallets. Some hackers
have even managed to steal millions of dollars’ worth of bitcoins! Hot
wallets are great for storing small amounts and transacting on the fly.
But if you’ve got quite a sizeable number of bitcoins, then it’s best to
move these to offline storage or cold wallets.

Cold Wallets

Cold wallets are the preferred storage method of people with a

significant number of bitcoins. Examples of cold wallet include paper
wallets and hardware wallets. Paper wallets may sound a bit funny at
first because we’re talking about storing digital currencies here, but it’s
precisely why it’s one of the best types of wallet for long-term storage!

With paper wallets, there is zero chance of anyone hacking anything

on paper. The downside is it can be stolen, or it can get burned, or
destroyed. To keep your paper wallet safe, consider putting it in a safe
environment like a safety deposit box.

The second type of cold wallet is the hardware wallet. It’s a physical
offline device that’s pretty much like a glorified USB that can be
plugged into your computer when you need to make a transaction.

There are three main brands that are very popular among crypto
owners. These are Trezor, Ledger Nano, and KeepKey. All three will
cost you some money but will definitely help keep your virtual treasure
chest safe.

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Watch Out For The Cryptocurrency Scams

There are many different kinds of cryptocurrency scams that are

victimizing people who are new to the crypto world. Con artists prey
on those who don’t know the difference between a legit crypto
platform and a fake one, who don’t know a Ponzi scheme from a
legitimate affiliate program.

These scammers fool people into thinking that their well-designed

websites give them a semblance of legitimacy, but on closer
inspection, these sites won’t pass muster.

Here are some giant red flags you should be aware of:

1 – Website Has No SSL Certificate

It’s very important for a website that deals with cryptocurrencies to

have an SSL (Secure Sockets Layer) certificate installed. Websites with
no SSL only display HTTP before their domain names and websites
with SSL show HTTPS.

Many scam websites are here today, gone tomorrow types of sites,
which means once they’ve scammed a certain number of people,
they’ll shut down that site and move on to a fresh domain. It’s quite
easy to transfer website files from one domain to another; this is why
these scammers can set up shop very quickly.

2 – The Offer Is Too Good To Be True

Whether you’re trying to get the best rates for your dollars or bitcoins,
it’s only natural that you’d want the best possible deal. Since
cryptocurrencies are decentralized, most crypto exchanges have their
own exchange rates. However, these rates don’t vary by much.

If you see a website offering rates that are significantly lower or higher
than other established exchanges, then it’s a giant red flag.

It’s better to do business with a trusted platform with higher fees than
to try to get the best deal out of an unknown website that could
possibly swindle you out of your entire fortune.

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3 – Beware Of Ponzi Scams

Some Ponzi scams are not as obvious especially if they’ve been around
for a few weeks or months. This is because their first members would
already have received their profits (derived from payments by new
recruits) and would be posting glowing reviews on the Internet.

At first glance, you might be fooled into thinking it’s a legitimate

crypto operation especially if you personally know someone who’s
made money from the scheme. Check out those positive reviews, and
you’ll see they’re basically saying the same thing.

We’d even like to bet they would have their affiliate or referral links
somewhere on the review.

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Chapter 5: Start Making Money

With Bitcoin
____________________________________

With the stride Bitcoin has gained, the world of digital currency
has been a key interest in the media.

Being the first decentralized currency, it has achieved a good

reputation all around the world. There are several ways to venture into
the crypto-world and make a good living with it. Below are few of the
best ways to leverage Bitcoin.

What Is Bitcoin Mining?

Bitcoin mining is the process it takes to create more Bitcoin. It is a

very complex task and hence usually not recommended for beginners
who want to venture into the digital currency world.

The process requires the use of highly sophisticated machines. These

machines are very expensive and consume high rate of electricity to
solve the mathematical algorithm involved.

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Miners enable transactions to be carried out by sharing their Bitcoin

network, allowing it to run smoothly. In exchange for this network’s
availability, they are rewarded with new Bitcoin. This is where the
small fee for transactions goes.

In the short years of Bitcoin’s existence in the digital world, it is no

longer a lucrative business to mine Bitcoin from homes. This is
because there is a paradigm shift from the small scale to a better
large-scale mining.

This shift created an opportunity for miners all over the world to put
their resources together to form a mining pool. Investments in the
mining pool can create a fortune for the investors. As the resources
are used together to share hashing power, each investor is rewarded
according to his share contribution.

Some of the highly reputable mining pools are Slushpool, BTC China,
BW Pool, Antpool, DiscusFish/P2Pool, BitFury, Eligus, and KnCMiner.
There are speculations that this Pool accounts for 56% of global
Bitcoin miners.

They also claim to be the largest cloud miners in the world. It was
launched in 2013, and the co-founder Jihan Wu is the current CEO.
F2Pool is also known as discusFish because of its logo. It is owned by
the Chinese and is operated by Wan Chun Mao Shihang. It accounts
for 16.49% of the total Bitcoin generated.

What Is Cloud Mining?

Cloud mining is an alternative to the use of highly sophisticated mining

machines. It involves the use of a remote data center alongside shared
processing power. This is a great opportunity for individual mining
from home without having to handle mining machine or hardware.

Undoubtedly, the most reputable company running cloud mining of

Bitcoin is Genesis Mining. Bitcoin mining is not an easy task. It could
take a whole year to get a tangible fortune from it.

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However, it is often better to buy the cryptocurrency itself or engage

in peer-to-peer lending than go into the mining investments.

When You Should Buy and Sell Your Bitcoins

This is one of the best ways to make money with Bitcoin. The steps to
get started on this journey are first to obtain a Bitcoin wallet offered
by Blockchain, coinbase, luno, xapo, localbitcoins, Bitquick, coincorner,
and others.

These serve as the means of sending and receiving Bitcoin, as well

storing Bitcoin online. However, you could also store your Bitcoin
offline using the cold wallet on a well-protected computer.

Once you have secured a wallet, the next step is to obtain the wallet
address which will enable you to complete transactions. This address is
peculiar to the wallet and should not be published.

If it does get accidentally publicized, you could obtain another wallet

address without having to waste time.

Next is to buy Bitcoin in bulk from local sellers or online via websites
that allow such transactions. These sites link both buyers and sellers
and create a market for them. Some wallets such as coinbase and luno
give users the opportunity to link their bank details with these wallets.

Here, users can directly buy and store their Bitcoin and then sell when
the market price for Bitcoin gains a stronger stride against the dollar
and other foreign currencies.

What Is Microtask for Bitcoin?

Since companies realized the ease of Bitcoin payment, they have

adopted it as their best mode of payment. You can earn Bitcoins by
completing online micro tasks which involve simply sending bulk
emails, writing, filling out surveys, testing software, etc.

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Some of the websites that reward micro tasks with Bitcoin are
listed below:

• Bitcoin reward: this enables microtasks workers to earn Bitcoin

for downloading and testing apps, watching videos, filling out
market research surveys and other minor tasks.

• Crowdsourcing is a website, such as crowdflower. It has various

group task to be done in exchange for Bitcoin and some other
currencies. Workers carry out mini tasks involving bulk emails,
application testing, surveys and other micro-tasks.

• The Crowdsourcing site can also be linked with clixense for more
tasks and with a better reward.

• Crowdsourcing enables workers to improve their skills based on

the task to be done, and this gives badges to the workers as they
progress.

• Bitcoin get: this is another company that rewards their microtask

worker with Bitcoin having carried out a satisfactory work for
them.

• Others include Bituro, coinbucks, cointasker, Bitcoin Reddit, etc.

Becoming a Bitcoin Day-Trader

Lovers of financial markets such as FOREX and IQ option who trade on

a daily basis have no idea what fortune awaits them in day-trading
with Bitcoin. If they knew, they would get involved with the trend of
daytrading in cryptocurrency.

Bitcoin trading is not a difficult task. It simply requires basic principles

and strategies to understand the market trend. It involves buying into
Bitcoin when the market trend is low and selling at a higher price to
generate profit.

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It requires that the trader is familiar with the market price dynamics.
And this can only be achieved when one is highly equipped with
important information that drives the market.

It is very important to track Bitcoin news as often as it breaks when

trading the digital currency. This will help you to understand the
market runway. It guides you on how to protect yourself against
transactions that you might come to regret.

A trader should understand that investment decisions do not start with

deposit and purchases, they start with education.

Trading Bitcoin On The Market

There are several websites that allow you to trade your Bitcoin for fiat
currencies (the conventional currency in print). One of such websites is
localbitcoin.com. This website allows an individual trading option
where a trader buys and sells their Bitcoin.

To start with, sign up on the website and become a registered

member. Ensure you have Bitcoin you want to market and then place
adverts regarding your market. Once a buyer or seller sees these
adverts, they make a request either to buy or sell. A deal is done
between the buyer and seller.

The Bitcoin transfer is made to the seller's escrow. When payment is

done and confirmed, the Bitcoin is released from the seller to the
buyer. And a review which will spur the seller's reputation can then be
written. Sell Goods and Services Using Bitcoin This is another way to
earn Bitcoin by selling goods such as clothes, gadgets, cars, homes,
etc.

Currently, there are a lot of websites that accept Bitcoins for goods
sold. These are simple transactions done with fiat monetary system
but are now also being complete with ease using Bitcoins.

There are also services one can venture into and be paid with Bitcoin.
Microworks for instance and many other freelancer sites pay using

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Bitcoin. Some of such freelancer sites are coinality, coindesk, etc.

Another website to join this trend is Fiverr.

Start Using Your Bitcoins For Online Gambling

There are several sites where you can play some games, and the
rewards are unusually gratifying. Some of the popular games are
casino poker, dice, blackjack, slots, live dealers as offered by
Fortunejack.com, space.casino is another hybrid site offering over 700
games, Dasiscasino.online, betchain, cryptogames, bitstarz, 1xbit,
bitplutos, etc.

Sports betting sites that allow the use of Bitcoin has also emerged in
this era. They include sportbet.io, bet365bitcoin, cloudbet, 1xbit, etc.

Learn What The Bitcoin Faucets Is

Ads placements remain one of the few ways to earn from the internet
world today. Bloggers and other site owners use this to attract a large
audience. Bitcoin faucet sites also place ads on their sites and reward
their viewers who visit and spends time perusing their contents.

However, it is a very slow way to earn Bitcoin, but it is certainly

rewarding to anyone that is new to the Bitcoin world and the entire
world of crypto-currency because you can get started for free.

Some sites with good reputations in this genre and that have
consistently made payouts to their audience over a long period include
BTCclicks, Moon Bitcoin, and Bitcoin Aliens.

Earn Bitcoins as a Blogger

Blogging is one of the popular ways people share information online.

Micro-blogging is not a get rich quick scheme, however. As a matter of
fact, it is a slow process. From the very onset of creating your blog site
to setting up Adsense and growing your audience, as well as getting
your audience to click on your ads is a gradual process.

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But in a nutshell, it can be very rewarding and also very flexible.

Putting in just a few hours per week is good enough to get you extra
cash. Bitcoin blogging is no longer a difficult task. It is as easy as
earning any other kind of money.

Some of the monetization strategy necessary to own a successful blog

is to start a blog on a revenue sharing website. Bitlanders is one of
those sites that will reward you in Bitcoin for your beneficial
contributions on their sites.

This is usually done by sharing information as a written blog posts,

videos, and other content that helps to grow the sites. Some of the
other sites that pay pretty well include coinURL, BitMedia, and BitClix.

There are strategies to earning as a bitcoin blogger, just like the

strategies used for blogging for fiat money.

For example, if you place an ad that is worth $10 per click using fiat
currency, placing another ad of $1 would definitely reduce your
earnings.

Another example is that just as with strategic ads made for any other
type of blog, an ad placed with 1000 Satoshi would be much less likely
to offer a good return on investment (ROI) as 100,000 Satoshi. Having
high-quality content on your ads is also vital to their success.

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Chapter 6: Using Bitcoin For

Your Online Business
____________________________________

While many businesses have already joined the Bitcoin

revolution by accepting bitcoin payments, many are still
hesitant to make the jump.

They are afraid that with Bitcoin’s volatility, they may end up
essentially giving their products or services for free. What this means
is that they think they are going to get shortchanged if the price in
bitcoin drops and would, therefore, lose all their profits.

But this is absolutely not the case! In this article, you’ll find out exactly
why you shouldn’t miss out on accepting bitcoin payments.

1. Instant Bitcoin Conversion To Your Local Currency

Bitcoin’s volatility is a business owner’s biggest concern. But with

payment gateways like BitPay and Coinbase, you can easily bypass
Bitcoin’s volatility.

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These services will instantly convert your bitcoin payments into your
local currency which you’ll receive in your bank account the following
business day. This means that if your customer paid you $100 worth of
bitcoins, then you’re going to get exactly $100 in your bank account.

2. No Chargebacks. Ever.

One of the most common things business owners hate with credit card
payments is the very real threat of receiving a chargeback. Some
customers are just fickle-minded and dishonest.

They would file chargebacks for the smallest reasons like they’re not
happy with the color they got, or they regretted the purchase, or
something similar. But with bitcoin payments, you don’t need to worry
about chargebacks because all bitcoin transactions, once verified by
the Bitcoin network, are final and irreversible.

This means those bitcoins you’ve received are yours (unless of course,
you chose to have them instantly converted to dollars).

3 – No Costly Processing Fees

Credit cards are widely accepted worldwide, and merchants like

receiving payments from anyone with a valid card. While credit cards
are convenient, there are fees that merchants need to pay.

Credit card fees can range anywhere from 3% to 4% per transaction

plus another few cents for each transaction made. If you receive card
payments from 99% of your customers, you’re basically paying a small
fortune in credit card fees!

With bitcoin payments, the transaction fees you have to pay are
nowhere near what you pay the credit card companies. In fact, the
fees are practically negligible as they essentially come down to just a
few thousand Satoshis (1 Satoshi = 0.00000001 bitcoin) or a few
cents!

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The Future Economies Of Bitcoin

Bitcoin is fast becoming integrated into the everyday lives of people

living in developing countries. With unstable and hyper-inflated
national currencies, bitcoins are proving to be a much more viable
solution to solving the financial woes of their citizens.

Here are 4 reasons why Bitcoin has a massive appeal for the
masses in developing countries:

1. You Don’t Need Banks

In developed countries, it’s relatively easy to sign up for bank accounts

and credit cards. But in the developing world, it’s a vastly different
story. It’s much harder to get credit and setting up a bank account is
no walk in the park.

But Bitcoin changes all that. With Bitcoin, you can save your own
bitcoins yourself – all you need is a secure wallet to keep your digital
money safe.

2. Fast, Cheap and Borderless Payments

With Bitcoin, you can send any amount of bitcoin to anyone in the
world in a matter of minutes. When you send money through banks
you not only pay those costly bank fees, you also need to wait for
several hours or a few banking days.

But with Bitcoin, as we’ve mentioned previously, you don’t need banks
to send or remit payments to other people. All you need is their bitcoin
address and voila! Your payment should arrive in the next 10 or so
minutes.

3. Bitcoin Can’t Be Manipulated By Anyone

Governments and banks can dictate the production and movement of

their national currencies which ultimately leads to inflation. Unlike fiat
currency, however, Bitcoin is a decentralized virtual currency.

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This means there is no controlling entity that tells the Bitcoin network
what to do. Everything has been hard-coded into the network and the
underlying technology behind Bitcoin, the blockchain, is tamper-proof
and can’t be manipulated by anyone, not even its developer, Satoshi
Nakamoto.

4. Bitcoin Will Help Authorities Catch Criminals

Contrary to popular belief, Bitcoin is not anonymous. Rather, it is a

pseudonymous currency because while your alphanumeric public keys
provide a certain level of anonymity, computer experts can trace who
owns which wallets and the number of bitcoins each wallet contains.

Now the masses who make small transactions don’t have anything to
worry about. It’s the criminals who move large amounts of bitcoins
that catch authorities’ attention, and it’s who they focus their research
on, not the millions of people who make minute transactions.

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Chapter 7: The Bitcoin

Vocabulary
____________________________________

Below, you will find the most popular terms that are used
within the trading and investing in Bitcoin and cryptocurrency.

• Address: The Bitcoin address is similar to the usual email address

you are probably familiar with. It is generated on registration
with a particular wallet you are creating.

• It combines alphabets with numbers. It is the single information

needed to carry out a transaction, and it is peculiar to an
individual.

• Bit: This is the common unit used to designate a subunit of a

Bitcoin. Estimated 1000000 bit is equal to 1 Bitcoin. This unit is
used as a small denomination in the Bitcoin world.

• Bitcoin: Note that this concept has two meanings. When it is

capitalized, it is used to describe the concept of Bitcoin digital
currency and the entire network of operations. Without

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capitalization, it is used to describe the unit of an account, e.g.,

0.01 btc.

• Block: This is a record in the Blockchain that contains and

confirms many waiting transactions. Approximately every 10
minutes, on an average, a new block for a transaction is added to
the Blockchain through mining activities.

• Blockchain: Blockchain is a public ledger or record of Bitcoin

transactions in sequential order. It is shared between all Bitcoin
users. It is used to verify the stability of Bitcoin transactions and
to prevent double spending.

• BTC: This is a common unit used to represent one Bitcoin.

• Confirmation: This represents a single transaction that has been

processed by the network and is not likely be reversed.
Transactions are confirmed when they have been included in a
block and subsequent blocks.

• It is worth noting that a single confirmation is secured for low-

value transactions. However, when a larger amount is being
conducted, it makes more sense to wait for more than 8
confirmations. This will reduce the possibility of reversal.

• Cryptography: This is the branch of mathematics which aids the

creation of mathematical proofs that provide high levels of
security. State of the art banking and commerce have begun
using cryptography.

• In the world of digital currency, it helps to make sure that

unauthorized users are prevented from spending from another
user’s wallet.

• Double Spend: This refers to instances where some dubious

users try to spend their Bitcoins on two different recipients
simultaneously. Blockchain, which is highly secured with
cryptography, will create a consensus on the network regarding
which of the two transactions will be confirmed and considered
valid while invalidating the other.

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• Hash Rate: This is the unit for measuring the processing power of
the Bitcoin network. To secure itself, the Bitcoin network creates
thorough mathematical operations.

• So, when the network reaches a hash rate of 10 Th/s, it

culminates 10 trillion calculations per second. This means that
when the hash rate is high, the network creates a more secure
connection.

• Mining: This is a process that involves making computer

hardware perform mathematical calculations for the Bitcoin
network to confirm transactions and secure it.

• Miners earn their reward from the small transaction fees incurred
per transaction confirmed and the new Bitcoins created. Mining is
a competitive market and rewards are divided according to how
many calculations are correctly completed.

• P2P: The acronym means Peer-to-Peer. It refers to systems that

work like an organized collective by allowing individuals to
interact directly with others without an intermediary. Here, one
user broadcasts the transactions of other users without a third
party involved.

• Private Key: This is a secret piece of data that affirms your

qualification to spend Bitcoins from a specified wallet through a
cryptographic signature.

• This key is stored on the computer for cold wallet users and on
remote servers for online wallets users. This key should be kept
safe from unauthorized users.

• Signature: This is a mathematical mechanism that gives

someone proof of ownership to a wallet. In Bitcoin, private key
and signature are linked together by an extremely complicated
mechanism to ensure security.

• Wallet: Bitcoin wallet is loosely equivalent to the physical wallet

or bank account on the Bitcoin network. This wallet is secured by
private key and signature ensuring ownership to a peculiar user.

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• The private key allows users to spend the Bitcoins allocated to it

in the Blockchain. Each Bitcoin wallet can show you the total
balance of all your Bitcoins. It controls and lets users pay a
specified amount to another user.

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Chapter 8: Setting Up a Wallet

____________________________________

A Bitcoin wallet is basically equivalent to the physical wallet or

bank account.

There are two main types of wallet:

(a) Software wallet is the one you install on your computer or phone
of a different operating system. You are in complete control of the
safety and maintenance of this wallet.

(b) A web wallet or hosted wallet is one that is hosted by a third

party. They are often much easier to use, but you have to have trust
in the provider for the maintenance and security of your Bitcoins. For
beginners, five main wallets are recommended. These are:

1. Blockchain
2. Coinbase
3. Xapo
2. Luno
5. Electrum

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The above-listed web wallets have all the full features that make it
excellent for beginners. They also have the software you can install on
your devices on whatever platform, such as Android, Blackberry, IOS,
and even Windows and Linux.

For Example:

1. Log on to www.blockchain.info

2. Hit the sign-up button.

3. Enter your email, a combination of numbers, alphabets and

special characters to make it strong.

4. Enter your preferred password.

5. Confirm your password.

6. Take time to read the terms and conditions of service and ensure
you fully understand it.

7. Click on the box to confirm you have truly understood the terms
of service.

8. Click continue. This will to take you to your dashboard. Explore

the contents of your dashboard using the buttons you see there.

9. Click on Get started. This will take you to your wallet

information:

a. Wallet I.D: a combination of numbers, special characters, and

alphabets.

b. Ensure you save it. On your next long in, use your user I.D
with your password to log into your dashboard again. Note:
you cannot login with your email.

10. Log into your email and verify your mail. In case you forget
your Wallet I.D, don’t worry because they are backed up in your
mail.

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11. Once your verification reads ‘Success,’ you are good to go with
the next step of purchasing of your first Bitcoin to fund your wallet.

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Chapter 9: The Possible of

Bitcoins
____________________________________

In the short time since Bitcoin was introduced, its value has
increased greatly, and it may be helpful to compare Bitcoins to
other electronic payment methods.

There were increased transactions volumes in the fiscal year ending

October 2013. In the U.S. for instance, over 8 billion dollars in
transactions were made with Bitcoins.

Contrastingly, The Bank of America, Western Union, PayPal,

Automated Clearing House (ACH) Network, and Fedwire uniformly
processed 132 million transactions for a cumulative sum of 599 trillion
dollars in 2012 as reported by the United States Department of
Treasury in November 2013.

Bitcoins have a long way to go before being overtaken by alternative

digital currencies as a means of transactions.

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However, below are the major advantages it provides to the

users:

1. Protection from Payment Fraud: Bitcoins are a digital currency,

and as such, cannot be faked or reversed arbitrarily by the
sender, as often seen with a credit card.
2. Reduced Possibility of Identity Theft: When you hand in your
credit or debit card to a business, you give him full access to
your credit line. The operations of credit cards are ‘pull’ basis,
where the store initiates the payment and pulls the designated
amount from your account.

3. However, Bitcoin operates on ‘push’ mechanism that allows the

Bitcoins holder to send the exact amount to the merchant with
no further information made available to them.

4. Lower Transaction Fees: There are usually no transaction fees for

Bitcoins exchanges because the miners who provide a network
for the smooth running of all transactions are compensated by
the network with newly issued Bitcoins.

5. Even though there are no transaction fees, many still notice that
most users will engage a third-party service, like the Blockchain
and Coinbase which are rewarded minimally for the security and
maintenance they provide.

6. Access to Inaccessible Markets: There are great populations of

the world who are restricted from some of the services provided
by some credit card issuers like PayPal.

7. These individuals mostly hail from Africa and Asian countries,

although they have access to the internet either through the
mobile phones or computers.

8. With the advent of Bitcoins, access to unexplored markets is

beginning to go into full swing.

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9. The most recent is Kenya's M-PESA system, a mobile phone-

based money transfer and microfinancing service announcing a
Bitcoin device, with one in every three residents of Kenya owning
a Bitcoin wallet.

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Chapter 10: What Is Blockchain

Technology
____________________________________

Blockchain is the technology that makes Bitcoin and other

cryptocurrencies very secure.

It’s an open-source and distributed database that is stored in nodes or

computers within the network. When new transactions or blocks are
added to the blockchain, it will automatically update itself.

Here are 5 very interesting facts about this ultra-modern technology.

1. It’s Tamper-Proof

Once an entry has been added onto the blockchain, it will be nearly
impossible to remove or alter it later. If you want to alter an entry,
you’d have to basically alter all the transactions that came after it.

Doing this is mathematically impossible, so even genius fraudsters

would have to look elsewhere to steal bitcoins without too much effort.
Being tamper-proof is also the reason bitcoin payments are final and
irreversible.
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2. It’s 100% Transparent

Anyone with access to the blockchain can see all the transactions that
have ever occurred in the past. You can even look up the first ever
block (block 0) that was mined by Bitcoin founder, Satoshi Nakamoto,
in 2009. This genesis block contained the message “The Times
03/Jan/2009 Chancellor on brink of second bailout for banks.”

3. Criminals Can’t Hide Behind The Blockchain

If criminals think they can hide behind the relative anonymity that
Bitcoin provides, they’re sorely mistaken. Many have tried to evade
the long arm of the law by converting their stolen loot to bitcoins and
transferring them to different wallets, but with the transparent nature
of the blockchain, computer experts can spot and trace all the bitcoin
transactions these criminals have ever done.

4. Blockchain Technology Is Not Limited To Cryptocurrencies

Many different startups have started to experiment with implementing

blockchain technology in various industries. Once such example is
Ethereum with their smart contracts technology which basically runs
on blockchain.

Since the blockchain is decentralized, two parties can make

transactions between themselves without needing the services of a
middleman. This not only saves you money, but it also saves you a lot
of time and conflict.

5. Blockchain Can Still Be Improved

While this technology has definitely improved the lives of many people,
it can still be improved. For one, as time passes by, the blockchain will
grow to be several hundred gigabytes of data. This will cause a lot of
bandwidth and storage problems on personal computers. Let’s hope
the brightest minds in the crypto space can find a solution to this
predicament soon.

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Chapter 11: The Advantages Of

Bitcoin
____________________________________

Bitcoin is the first successful cryptocurrency in history, and it

became successful because of the many positive merits not
found in traditional or fiat currency (this is your country’s
national currency).

In this article, you’ll find out about five advantages Bitcoin has over
fiat currency.

1. Bitcoin Is Decentralized

Unlike fiat currency, Bitcoin is not controlled by any bank or

government. No single entity controls or regulates the Bitcoin network,
not even its founder Satoshi Nakamoto.

Without a controlling entity, bitcoins are technically inflation-proof

since no one can devalue its price by manipulating its supply. Only 21
million bitcoins will ever be mined or created, unlike fiat currency
which is printed when the government sees fit to print more money.

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2. Extremely Easy To Use

Opening bank accounts is not a simple thing to do. You’d have to go to

your bank, wait in line, fill out forms, submit your IDs, etc. It’s a time-
consuming process. But with Bitcoin, all you need to do to get started
is just create a free wallet, and that’s it! You’ll then be able to receive
your first bitcoins in just a few minutes.

3. Fast Transactions

Most banks don’t work 24/7. Instead, banks are open for business
during certain hours of the day on weekdays (some banks are open on
weekends, but they’re far and few in between).

But with Bitcoin, you can transact with anyone, any time of the day,
wherever you and the other person may be located. Your bitcoins will
arrive in just a few minutes.

4. Highly Portable And Durable

Since bitcoins are electronic, they can’t get burned down by fire, and
they’re not going to get wet in water. You can bring them anywhere
with you, and they won’t even take too much space. Whether you
have an online wallet, or an offline wallet, your bitcoins are easily
within reach anytime you wish.

5. No More Exorbitant Bank Fees

Bank fees are the bane of anyone who has ever done any business
with a bank. You want to have a bank account to store your money in,
you need to pay fees. You need to use or withdraw your money, you
need to pay fees.

You want to send funds to someone else, you pay bank fees. The list
goes on and on. But with Bitcoin, you’re bypassing all these fees.
Digital wallets are free, and transaction fees are very, very minimal.

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Chapter 12: You Should Start

Charging Bitcoin
____________________________________

Before Bitcoin prices reached 5 digits, many people, freelancers

mostly, were already getting paid in bitcoin.

But now that prices have reached all-time highs, people are thinking of
joining the fray and getting paid for their services or products, not in
fiat currency, but in bitcoins. The big question is, is it worth it?

Some may say it’s not worth it because bitcoin is extremely volatile.
One minute the price is at a certain amount and the next 5 minutes,
it’s down by several hundred dollars.

If you’ve put a lot of effort into your work, then you might feel faint at
the thought of losing your hard-earned cash in a matter of minutes. Of
course, this scenario will only happen if you decide to hold on to your
bitcoins instead of exchanging it for your local currency at your
favorite cryptocurrency exchange.

Imagine this second scenario though: what if you held on to your

bitcoins and the price suddenly jumped to twice the original price?
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Then you’d feel like you’ve won the jackpot, right? Because you’re
essentially going to get paid at twice your rate!

If the bitcoin you’ve received is equivalent to, say, for example, your
salary of $5,000, with bitcoin prices going up twice the original
amount, then you just got paid $10,000! That’s pretty exciting, to say
the least.

The decision to get paid in bitcoin is, of course, yours alone. But there
are so many positive benefits to this cryptocurrency you should at
least look at the bright side before you say no to an employer or client
who’s thinking of switching you over to bitcoin payments.

Bitcoin payments are fast and cheap. You no longer have to wait days
for payment to arrive at your bank and you don’t need to pay those
hefty bank fees your bank charges you for withdrawing your money.
You can receive bitcoin payments any time of the day, and you’ll
usually receive it within 10-45 minutes.

If you’re averse to the volatility of bitcoin, you might want to consider

holding a very small part, maybe 5% to 10% of the total amount, and
exchanging the rest to your local currency. Who knows, you just might
be able to take advantage of Bitcoin’s volatility and before you know it,
your bitcoins might be worth more than your entire year’s salary.

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Conclusion
____________________________________

Most marketers who operate a membership site do it to brand

themselves on the Internet.

Even with the concern surrounding them, digital currencies are no

doubt here to stay. Bitcoin remains the trailblazer in the world of
cryptocurrencies, and it has a huge fortune potential if you know the
right market strategies.

Understanding these marketing strategies is paramount to success,

and therefore, you must gain a comprehensive education if you hope
to make great wealth from it.

Watch for market trends and make quick, decisive moves when it is
favorable to buy or sell your Bitcoins. Below are outlined some of the
core points you need to remember that will guide you on your Bitcoin
journey. They are grouped into the following three areas.

1. Ways in which you can earn Bitcoins with zero loss per day without
starting your investment by purchasing and selling Bitcoins. They
include:

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• Bitcoin blogging
• Micro tasks
• Bitcoins faucet
• Cloud mining of Bitcoins

2. Benefits of Bitcoins that can be accrued to users. These are:

• Ease of transactions
• Protection from identity theft
• No intermediary obstruction
• Devoid of taxation and much more

Tips to help guard you against losing your fortune to fraudsters and
criminals. These are:

• Never disclose your wallet I.D and password to anyone.

• Ensure that you have sufficient storage capacity and security for
your computer.

• Ensure that you have a solid antivirus security to prevent hackers

from looting your Bitcoins.

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