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Whitney Jacqueline
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Whitney Jacqueline   My Press Releases

BITCOINS... What are They and What can They do for YOU?

Published on 3/13/2017
For additional information  Click Here

You will be hearing more and more about "bitcoins" and crypto-currency over the coming years as it's popularity and use has been spreading to offline and online companies as an alternate payment method to the standard PayPal and Payza payment methods. There are even machines in the UK now similar to a soft drink machine where you can exchange euro's for bitcoin, or bitcoin for euro's. As of February 2015 (two years ago!), over 100,000 merchants and vendors accepted bitcoin as payment. Now 2 years later in 2017 I've read where mechants accepting bitcoins as payment has quadrupled to over 400,000. It's also used as an investment medium since when first introduced they cost a mere pennies a piece per coin, that coin value was back in 2009.

 

 

If a person (and there were many) that took a chance back then and bought bitcoin at a price of 7 cents each, and they bought only 1000 of them ($142.85), at the price per bitcoin (as of right now) of $1202.17 per coin, those people would be worth $1,202,170.00 and it only took them 8 years of holding onto their bitcoins so... they earned $150,271.25 per year - a nice profit.

I've heard about bitcoins for many years now but never took it seriously. My thought process was if I can't touch it, hold it or see it then how it could possibly be real, so for the time being and back then I simply ignored all the talk about it and considered it a fad, something that would eventually pass, sort of like the pet rock.

Bitcoins cannot be seen or held because they're "crypto-currency" and they exist in the digital world. Similar to how when we send dollar currency from one bank to another or we send a credit card payment from our bank to the credit card company, money doesn't actually change hands, digital information does. In its most basic sense that's what bitcoins are... digital currency that exists in the digital world which has value and can be used just like standard "printed" money.

For me after reading an article in USA Today about bitcoins, like everyone else would have done, I went to my computer and Googled "bitcoin" and 17,000,000 result pages were available to me. I checked out about a dozen or so interesting websites to see what these "bitcoins" were all about, this was December 15th, 2016. I ended up at a place where I could buy bitcoins (link below in paragragh #1) and also buy another popular crypto-currency called ethereum (can also get from link below).

Ethereum and Bitcoin
At that particular time 1 bitcoin was priced at $775.23 each and ethereum was priced at $7.77 each. I've always thought "outside the box" and have taken chances with my online business similar to you I'm sure, things like trying out new advertisers, joining different programs, link trades with other webmasters etc. all of them risky since you never know the long term outcome. Sometimes I won and sometimes I lost but I've always tried new things and I did the same with crypto-currencies too. What did I do? I decided the most I'd spend on my "crypto experiment" was $5000, so I bought 5 bitcoins for about $3876 and spent the remaining $1124 on another crypto-coin called ethereum which came out to 144 ethereum coins.

So I owned 5 bitcoins and 144 ethereum coins and didn't think much about it and went about my MLM and affiliate work. On Feb 25th, 2017 I logged in and found that the price of bitcoin had risen to $1141.30 per coin and ethereum had risen to $13.46. At those prices I made a $2643.24 profit in 3 months and was excited, so since then to include tonight, I bought some more bitcoin and ethereum when it was at its lowest (whenever possible). As of tonight the price of bitcoin is $1202.17 and ethereum is at $22.37 so both are still on an upward climb as I type.

I don't see investing in crypto-currency as part of my home business activities as much as a long-term investment that has worked out well for me so I thought I'd share it with you in case you've been hearing about bitcoins for a while now and thought just like I did, you know... it's not real, it's a scam, if I can't hold it then it doesn't exist etc.

I'm not a financial advisor; I can only tell you what I've experienced and then leave it with you to do what you want. I do however recommend if you can afford it to buy at least one (1) bitcoin and hold onto it, think of it as an investment into your IRA or part of your 401k, yes... just one bitcoin. I've read where the price will continue to rise as the amount that will eventually be available is only 21 million coins. That number is set in stone within the digital code, and as the supply of bitcoins reaches it limit I personally believe the demand for them will increase as more and more people use bitcoin for everyday purchases. With a limited supply the only way to satisfy the market demand is to increase the price of bitcoin which might mean 1 coin could one day be worth 1 million dollars, so to buy a loaf of bread you'd hand over your bitcoin debit card and are charged 2/1,000,000 of a bitcoin (or $2) for that loaf of bread.

Remember at the beginning of this editorial I mentioned that a few years ago they cost only pennies a piece and now they're worth over $1200. If you bought only 1/8 of a bitcoin today at $150, even that could be worth many thousands of dollars this time next year; or worth $150, or worth nothing, however you'll never know unless you think and can work outside of your comfort zone box. In a year you could be mad at me, in a year you might also send me a thank you email too.  :-)

If you don't want to buy bitcoins or ethereum right now, you can earn bitcoins for free, however it's a small percentages of a bitcoin (called satashi) per minute but still free. You can join the same "bitcoin faucet" I did which "drips" satashi into your account 24 hours a day and is hands off, and automatic when your account reaches a certain point the faucet will automatically deposit it into your bitcoin wallet. At certain times as long as a month or more, you will have to deposit your free satashi into your account, then they'll send it to your wallet. If you're interested in this freebie then you'll need to do this:

1. Create a bitcoin wallet where your bitcoin can be deposited to, it's like an online bank account except it's for bitcoin, ethereum or dollars. This wallet service is 100% free to you, no charge now or ever. You can also buy and sell bitcoin and ethereum there if you want to.

2. From the above site you want to create your bitcoin wallet address. In most cases they will have created one for you automatically during sign-up.

3. Then go to this popular "automated" bitcoin faucet and input your wallet address. If you do a copy and paste make sure your wallet address is 100% correct or your free satashi will be sent to someone else or out into crypto-space. Your "satashi" will automatically begin to build in front of your eyes, you can withdraw it to your account there once every five minutes, once a day, once a week, once a month... you decide. Then, once a week when your balance is over 25000 satashi, the faucet website will automatically send your satashi to the wallet address you provided to them.

If my computer was off, the faucet would still generate free satashi, however I keep mine computer on during the day and the faucet site in a browser window so I can send the satashi into my account whenever I happen to think about it. An important satashi hint: Satashi builds up fast after each time you move it into your account at which time it starts over again at 1 then grows again. If you do this hourly or daily, you'll earn much more than if you did it weekly or monthly. That's why I do it whenever I'm working on the computer and I think about it, it only takes 15 or 20 seconds to do the satashi transfer so it's really no big deal. In the end though realize that this cannot create a "home business" income for you because the amounts are small, however if you're going to get a bitcoin wallet you might as well receive something free to put into it.

To learn more about bitcoin: watch this bitcoin video and see what people like Richard Branson, Bill Gates, Brian Singer, Steve Forbes and other Bitcoin advocates and experts in the field think about it, and how high they believe it will go - you'll find it hard to believe what their personal opinions are!

I know there's a ton of information in here about bitcoins, ethereum and satashi and there's no way I could ever explain everything about crypto-currency in one sitting, besides I'm still learning more about it myself. I recommend you Google some of the terms mentioned here like I did a few months ago and get a better feel for what bitcoin and ethereum are all about, then decide how involved you want to get and what you want to do.

Lastly, those original 5 bitcoins I bought for $3876 are now worth $6207.40, and the ethereum coins I bought for $1124 are now worth $3680.64. That's a total profit of $4888.04 in 3 months, which boils down to $10.18 an hour, 8 hours a day per regular (M-F) working day since December 15th, 2016. Not a massively huge amount where I can buy that car with cash, pay off my mortgage or take a trip to Europe, but enough to make it worthwhile enough for me to continue to buy bitcoin and ethereum and just let them sit in my bitcoin wallet and increase in value!

I know there were bunches of numbers in this editorial, but they were required to show you what happened to me and what took place along the way, I hope your eyes don't hurt ha ha. Until next time, have fun out there and have a great day! 

The last of the last... At the start of typing this article the price of 1 bitcoin was $1,202.17, as I close this article it's currently at $1,208.98 which is about a $7 increase in a fairly short period of time. I'm a believer in crypto-currency now, I just wish I was back in 2009 when it all started!  If $1000 worth of bitcoins were purchased on September 27, 2010 (.06), that equals 16,660 bitcoins. If they were sold on March 16, 2017 at $1257.39 each, that's almost a 21 million dollar profit, $20,948,117.40 to be exact.  Pet Rock.... Uuuuugh!   Whit

 

Random Price Updates:

03/14/17: Bitcoin $1229.49 / Ethereum $27.67

03/15/17: Bitcoin $1245.82 / Ethereum $30.83

03/16/17: Bitcoin $1257.39 / Ethereum $32.86

03/17/17: Bitcoin $1165.13 / Ethereum $43.32 - As in the stock market, bitcoin is down, a good time to buy (buy low, sell high).

 

Wishing you the very best of success in business here at IBO!

 

Sincerely,

Whitney Jacqueline

Team Leader / Lotto Magic Network

Team Leader / Leased Ad Space Team

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