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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 you 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.
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 home business activities as much as a long-term investment so I thought I'd share this information 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 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 crypto coins such as bitcoin, bitcoin cash, ethereum, ethereum classic or litecoin right now, you can earn bitcoins for free, however it's a very small percentage of a bitcoin (called satashi) but still free. You can join the same "bitcoin faucets" down below that I did where you'll receive them with a click of your mouse or their system will "drip" satashi into your bitcoin wallet account. If you're interested in these bitcoin freebies then you'll need to do a few simple steps first.

1. First you'll need to create a bitcoin wallet where your bitcoin can be deposited to, it's like an online bank account except it's for bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), Litecoin (LTC) or dollars. This wallet service is 100% free to you, no charge now or ever to get your account set-up and ready to use. The bonus... they also give you $10 FREE when you open your account (via the link above only).

2. From the above site you want to create your bitcoin wallet address, example: "1DmqSBiV5xuhkh7W2cMDeX25GdCWKUob5K". In most cases they will have already created one for you automatically during your free sign-up. You can generate as many wallet addresses as you need, however having just one (as above) will work fine.

3. Then go to my favorite Bitcoin related "free bitcoin earning website" where you can receive free and/or earn bitcoin. They have so much that you can do there (see the official BIG list below) to receive FREE bitcoin; bitcoin faucets for free Bitcoin, games you can play to win bitcoin, watch video's for Bitcoin or go to their offer wall to earn more bitcoin, play their bitcoin mining game to generate Bitcoin, view PTC ads plus my favorite... simply leave their website open in your browser window (even while you sleep) and you betcha... receive even more free Bitcoin! If you have a little time (and time is money), after you get your free bitcoin wallet address (paragraph 1 above) then go here now so YOU too can receive "your share" of bitcoin for free! It's the only one-stop place I go to anymore for free bitcoin and you should too. Have fun while there and at the same time build up your portfolio of free bitcoin! Here'a an idea of much you can do there to easily earn YOUR share of free Bitcoins:

                  

  • Receive free bitcoin each hour, leave the site if you like, come back later for more.

  • Earn up to 100,000 coins with every spin from the highest paying Bitcoin faucet.

  • Loyalty bonus of 1% per day up to 100% for every day you make a claim.

  • Earn up to 25% lifetime referral commissions.

  • Earn a bonus when you roll a prime number.

  • Hundreds of offers to choose from on our offer walls.

  • 16 offer walls with more being added all the time.

  • Watch short videos and earn Bitcoin.

  • Complete short surveys for huge Bitcoin rewards.

  • Install mobile apps and receive Bitcoins.

  • Choose from any of our high quality games.

  • Get rewarded in Bitcoins for your in-game activity.

  • Games work on mobile & desktop.

  • Purchase & upgrade buildings with your coins.

  • Earn coins every hour from your coin Mine and from the Bonus Mining Pool.

  • Win random prizes for having an active coin Mine.

  • Coming Soon: Compete against other players for the best mining claims.

 

 Making Money from buying and selling crypto coins:

After you buy your chosen crypto coin(s) I recommend you hold them for the long term and optionally sell some of them from your crypto portfolio when the price goes up, then purchase additional coins when the price goes down. In this case it's very similar to the basic fundamentals of stock trading... "buy low then sell high". Please be aware that there are small fees associated with buying and selling your coins, so you'll want to ensure when you sell "high" your profits also cover these fees and provide you with an overall healthy "net" profit. Buying and selling excessively just to make a few dollars profit without regard to the associated buy and sell fees could cause you to lose money, so be sure to consider the small fees if you decide to buy and sell crypto coins as a way to earn an additional "longterm" income! Note: If you're wanting to buy and sell crypto coins in the short-term (within seconds), similar to a Stock Day Trader", then you'll want to use a cryptocoin exchange which is an online trading platform for buyers and sellers to meet to buy and sell literally hundreds of various crypto coins (generally called "altcoins" if it's not bitcoin) available to the masses.

I know there's a ton of information in this press release about bitcoins, ethereum, satashi, altcoins, cryptocoin exchanges and more, however here's no way I could ever explain everything about crypto-currency in one sitting, besides I'm still learning more about it myself with each passing day. 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, altcoins and exchanges are all about, then decide how involved you want to get and what you want to do.

Whew... there were bunches of numbers in this editorial, but they were required to show you what's happening out there right now in the crypto-coin world. 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 Bitcoin and Etereum Price Updates:

                    03/14/17: Bitcoin $1229.49 / Ethereum $27.67                   04/12/17: Bitcoin $1218.72 / Ethereum $45.17

                    03/15/17: Bitcoin $1245.82 / Ethereum $30.83                   04/20/17: Bitcoin $1252.43 / Ethereum $48.56

                    03/16/17: Bitcoin $1257.39 / Ethereum $32.86                   04/25/17: Bitcoin $1278.79 / Ethereum $51.24

                    03/17/17: Bitcoin $1165.13 / Ethereum $43.32                   More random price updates coming soon...

 

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

 

Sincerely,

Whitney Jacqueline

 

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