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NairaMan Forum / Business / Dont be ignorant of the benefits of Bitcoin,Perfectmoney,Paypal. (2 Posts | 207 Views)
Dont be ignorant of the benefits of Bitcoin,Perfectmoney,Paypal. by Hennyforte(f) : 2:40 pm On May 22
Bitcoin uses a public ledger called 'Blockchain'for transactions. The invention of blockchain made Bitcoin the first digital currency to solve the problem of double spending, an error in digital cash which allows the same token to be spent twice or more.
Bitcoin and bitcoin are not the same ; Bitcoin with a capital B is used when referring to the network while the currency is spelt with a small 'b'.
Bitcoin are not MINTED they are MINED ;unlike local currency ,bitcoin exist as a result of production process called MINING.People uses computer to solve complex mathematical algorithms in order to introduce new bitcoin into the economy.
Bitcoin are stored in a DIGITAL WALLET and not BANK.
Bitcoin transaction are pseudonymous ; true name buyers and seller are never revealed. Though each transaction is recorded in a public ledger (blockchain) only their wallet ID is represented.
Bitcoin is divisible into 1 million bits.
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Re: Dont be ignorant of the benefits of Bitcoin,Perfectmoney,Paypal. by Hennyforte(f) : 9:04 am On May 30
How to earn on bitcoins?
There are several ways to make money with bitcoin: Mining of bitcoins.
Trading on the growth and fall of the bitcoin rate.
Bitcoin arbitration between exchanges.
Investing in bitcoin.
There is another way to earn money on this cryptocurrency. Let's call it — investing in bitcoin with the strategy "buy and hold." Here the name speaks for itself. You buy BTC, then just wait, but not a day and two, and not a week, and preferably not even a month, but at least six months. With the expectation that the price of bitcoin through these six months will be significantly higher. No matter what method you use, it is always necessary to get fresh information about BTC rates and market tendencies. Here is another tip: don’t save big amounts of money on the exchanges.No matter what method you use, ensure it is legal or be ready to face the consequences. If you want to try cryptocurrency, you need to understand that this way of making money is rather risky but can make you rich as well. Anyway.Naira4Dollar is Nigeria oldest and most reliable e-currency exchange company in Nigeria since 2006. Fully registered with over 9 physical offices nationwide. Naira4Dollar offers professional and INSTANT FUNDING of Bitcoin, Perfect Money, Web Money and PayPal. +234-1-4545656, +2348032537301.we (Naira4dollar) wish you good luck. http://www.naira4dollar.com/?ref=1354923
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