Category Archives: Bitcoin Investment

Bitcoin Mining – What is it & Why do it?

The images on the internet show bitcoin mining in a form reminiscent of the old gold rush miners, pickaxes digging out the gold. The actual mining is not quite like that and it changes over time. Bitcoin miners are a special necessity in the bitcoin network. When a bitcoin is spent, a transaction occurs. Your transaction is verified by checking back through the transactions to ensure that you have the bitcoin available to spend. Your wallet synchronizes with the network to make sure that it is up-to-date […]

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Where to Buy Bitcoins and Where to Spend Them

There is a slight difference between how to buy bitcoins and where to buy them. How to is all about the wallet and exchanges and the typical sources. Where to buy bitcoins digs a little deeper into some of the alternatives to exchanges and setting up your own shop that takes bitcoins. Some larger areas have bitcoin ATMs. The prices are comparable to exchanges. This is a convenient process. Looking at the prices for the middle of November 2017, these are the prices at a bitcoin ATM […]

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How to Buy Bitcoin

The first step in buying bitcoins is acquiring a wallet. This is what the software that contains your bitcoins is called – a wallet. It is this wallet that allows you to join the bitcoin world. Think of it like getting a bank account. You need it to participate in the money world. Even if you stash your cash under your mattress, usually it comes to you in checks and money orders or direct deposit. You need to have someplace where you can access this cash. Once […]

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Should You Invest in Bitcoin?

Should You Invest in Bitcoin? People are looking for a good and fast way to grow their money. Bitcoin seems to be the answer to the big question, where should you invest? The cautious among us tend to be skeptical. Bitcoin is a digital currency. You cannot carry it around in a bag or store it in your safe. You cannot run your fingers through a pile of bitcoins on your bed. If you stop and think about it, most of us don’t do that with cash. […]

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Can You Get Free Bitcoins?

Can you get free bitcoins? What’s a Satoshi? It is the tiniest component of Bitcoin which gets to be listed while in the block-chain. What could it be worth? One-hundred-millionth of a Bitcoin (0.00000001 BTC).   What exactly does this mean concerning dollars? It transforms to $0.0000824865 USD. That is really on each day if a Bitcoin is worth roughly $8,300. It is a portion of a cent. In the event that you needed a thousand Satoshi, you’d have 8 cents.   Bitcoin Mining – What is […]

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