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Bitcoin Explained:

There has been a lot of interest about Bitcoins and this is going to be the focus to answer some of the questions posed, such as people wanting to know about getting started with bitcoin. We hope that this site will serve as a bitcoin guide, provide answers about bitcoin and bitcoin money and serve as an introduction about bitcoin for beginners. However,  all aspects about the many facets about bitcoin, bitcoin mining, bitcoin trading, opening a bitcoin account would be quite detailed and hence there are links provide to give a more in depth guidance and bitcoin explained through the educational and informative links found on this site.

Bitcoin Terminology:

Bitcoin Terminology that may help a Bitcoin beginner get a better understanding about Bitcoins.

What is Bitcoin?

Bitcoin is a decentralized digital currency, it is not backed by any single country or bank and is usable anywhere in the world by anyone with a computer or smartphone and access to the Internet. To read up more on what Bitcoin is you can take a look at these websites.

What Are Altcoins ?

Altcoins are alternate cryptocurrencies to Bitcoin.

What is a Bitcoin address?

A Bitcoin address looks like a long string of random letters and numbers. Addresses are used when you want to send or receive Bitcoins. Each wallet has at least one receiving and one sending address. When you want to receive Bitcoins to your wallet you need to give the sender your receiving wallet address.

What is Blockchain?

The Blockchain is the technology behind Bitcoins. It’s what makes it work. Bitcoin transactions are sent to the blockchain so that miners can put them into the blocks that they mine. Once a block containing your transaction is mined it has been added to the blockchain and your transaction receives one confirmation.

What is an Exchange?

An exchange is a platform/service where users can change one type of currency for another.

What is FIAT?

It’s used as a term to mean all currencies that derive their value from governmental regulation or other central authorities. Fiat comes from Latin and means “let it be done” or “it shall be”.

What is Bitcoin Mining?

This is what Bitcoin Miners do in order to confirm transactions and add them to the blockchain. When a Bitcoin miner mines, he uses computers to do difficult calculations which answers are easily proven to be correct. This way, when a miner completes a calculation anyone can easily see that the miner has actually done work. This work can then be used to create a Bitcoin block. What miners get in return from mining is new Bitcoins and transaction fees.

What is a Satoshi ?

A satoshi is the smallest amount of Bitcoin that can be sent, or 0.00000001 BTC.

What is a Bitcoin Transaction?

A Bitcoin transaction, the actual act of moving Bitcoin from one wallet to another.

What is a Bitcoin Wallet?

A Bitcoin wallet is where you would store your Bitcoins. A Bitcoin wallet is just a Bitcoin address. A Bitcoin wallet can be on a Bitcoin trading site, on your computer, in an app on your phone or on a piece of paper! Since it is a series of letters and numbers it can be stored anywhere.  Of course, the place it is stored should be secure.

Did You know that there is an amazing Financial Revolution going on at this very moment. It has to do Cryptocurrencies. You likely heard about Bitcoins, but had no idea, as to the impact it will have on your life and your financial well being. Yes, this financial revolution will have a profound impact on your financial future.

Find out why, You absolutely MUST prepare yourself by getting the information and knowledge needed, to protect your financial well being and Your Future.

Some facts about Bitcoins:

  • Had you bought Bitcoins in 2012 You would have seen it appreciate 1200% or more.
  • Bitcoins are extremely liquid
  • The Supply of Bitcoin is absolutely fixed, hence demand increases its value.
  • Best of all, it is not too late to make money and to cash in on this financial revolution.

A small introduction about Bitcoin:

What is Bitcoin?

Bitcoin is a virtual currency. Bitcoin is a form of money transactions done online.

Bitcoin transactions have grown in numbers and these numbers run into the tens of thousands and growing by the day.

Bitcoin seems to be the future and hence it has generated a huge following of bitcoin traders across all continents and countries.

Bitcoins can be used to buy almost anything, ranging from a simple pizza to expensive holidays and top resorts.

Bitcoins are accepted by thousands of businesses and bitcoins can be exchanged for euros, dollars or for other currencies.

Bitcoins are very popular, but still remain a mystery to people who are just catching on to this financial phenomenon and who have only just heard about it and its potential.

Bitcoins are a form of electronic transactions sent online from one party to another. The bitcoin transactions are accomplished by means of digital signatures which are time stamped so that there is no duplication and problems. This helps with keeping track of the sequence of transaction events, such as bitcoin sent from one party's account to another party's account.

Bitcoin news has been appearing on major financial news networks. However, news networks do not provide answers or guidance about bitcoin to any bitcoin beginner. A Bitcoin beginner needs more details and step by step guidance to be informed about how to acquire, spend and understand bitcoin.

 

Get insider secrets, ahead of the crowd and live the life you have always wanted.

Believe In Yourself, Get the Info & Be A Millionaire too!

Did You know that there is an amazing Financial Revolution going on at this very moment. It has to do Cryptocurrencies. You likely heard about Bitcoins, but had no idea, as to the impact it will have on your life and your financial well being. Yes, this financial revolution will have a profound impact on your financial future.

Find out why, You absolutely MUST prepare yourself by getting the information and knowledge needed, to protect your financial well being and Your Future.

Some facts about Bitcoins:

  • Had you bought Bitcoins in 2012 You would have seen it appreciate 1200% or more.
  • Bitcoins are extremely liquid
  • The Supply of Bitcoin is absolutely fixed, hence demand increases its value.
  • Best of all, it is not too late to make money and to cash in on this financial revolution.

Get insider secrets, ahead of the crowd and live the life you have always wanted.

Believe In Yourself, Get the Info & Be A Millionaire too!

Most people just let life pass them by. All they do is to NOT take action. You can read this sales pitch ,every word of it ,but unless you buy, nothing will ever change for you. Knowledge is power &  the Bitcoin Guide will provide you the opportunity to Make Big Money, starting right now! It Would be the Best $7 you ever spent to change your life forever !

 

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