Saturday, November 25, 2017

BITCOIN FOR BEGINNERS

     I just have one thing to say BITCOIN< BITCOIN<BITCOIN<BITCOIN< BITCOIN<BITCOIN<BITCOIN< BITCOIN<BITCOIN<BITCOIN < BITCOIN<BITCOIN<BITCOIN. It is everywhere. I here it almost daily ....Bitcoin roars to new high. I have to admit I am slow to this party. I first heard of Bitcoin when it was nearing $1,000. It was at $965 to be exact. I know this because you always remember your biggest mistakes. At this point in time mainstream media was still bashing Bitcoin as a flash in the pan or a fluke. That was a year and a half ago. I've been watching it from a distance as it approached $4000,$5000, and $6000 still wondering how high it could go. Now Bitcoin has eclipsed $8000 a coin this week and it seems there is no stopping this train. It has adoption across the globe and has led in bringing in even more crypto currencies to market. Today their is a smorgasbord of almost 1,000 crypto's and growing daily. Many of these are very risky and all of them to some degree carry a high level of risk. Now with Bitcoin the future is unlimited and many believe that the price will some day reach in the 100,000's of dollars per coin to a million. You have to understand there are only 21 million coins and unlike our government and others there is no printing more bills when you need them. 21 million and that's it once they are all mined the price should increase exponentially just on a supply demand basis. Some people would say a good strategy is buy 1 bitcoin put it in a hard wallet and forget about it for 5-10 years. I like it for starters but if you believe in the future of Bitcoin the thought of just one isn't enough.

     I started doing some research on bitcoin and other crypto currencies and found out that these coins are investments in companies for the most part. Bitcoin being the equivalent to the dollar in our current system. It is the currency of choice to fund all these other companies and their crypto currencies of their own. The main features being speed of transaction, lower fees, no central bank regulation, and the ability to cross borders with large amounts of currency anonymously.

     I want everyone who reads this blog to know that I am a novice in the crypto currency space. I learn more everyday. I am looking at new companies currencies daily, reviewing their white papers and will post the ones that I like. I plan on a simple rating system to make it easier for beginners to distinguish which companies interest them. I am not predicting any current or future performance. I am definitely not guaranteeing you will make any returns. You have to do your own due diligence and invest wisely according to your situation. I will share my favorites and those coins I have in my portfolio. I will try to provide as many free bitcoin sites that I have used and approve of their operations. Yes I said FREE BITCOIN. They are for real but it can take time to amass a good amount, but hey it's FREE. There are many different strategies to investing in Bitcoin but for the sake of this blog, I am focusing on a minimal investment approach to even zero dollars. I believe that everyone should have a piece of bitcoin even if they amass just one coin. Who knows 5- 20 years from know it could make you a very rich person.
     The first thing we need is a Coinbase account. There are other options but Coinbase is the biggest and probably the safest. It is an exchange that you can buy Bitcoin with a credit card or bank account. It is a wallet that you can send all the Bitcoin you earn also. Here is a link  https://www.coinbase.com/join/5a0469612a5c83018e5a7c48  I would suggest buying a little over $110 worth of Bitcoin this will give you a $10 credit so your up 10% to start. This $100 will grow with the price of Bitcoin or you could buy other coins as you so desire.   
Different exchanges handle different crypto currencies so depending on which one's you want to buy or trade you would need an account with one of those exchanges. I will list the one's I use but there are many more. I try to use the biggest names and most established companies for safety reasons but if you plan on just gathering your free Bitcoin until you have enough to withdraw to a wallet, then coinbase will work fine for you.
Gatehub is another exchange that gives you 20 XRP or Ripple coin when you sign up the only catch is to use your account you have to deposit 21 XRP this can be difficult when first starting out. If you are subscribed to my blog and use at least 3 of my links and sign up with those links I will send 21 XRP to your new account. You need to screen shot the 3 links you have subscribed to and email them to me proving your subscriptions are valid. proverbs10.13niv@gmail.com   Here is the email.

Ok so let's put some links in to get some free coins!!
https://freebitco.in/?r=9347909   This is the best Free Bitcoin Site in my opinion.

Just remember that whatever coin you are collecting you will need a wallet to put it in. Not all 
exchanges have a wallet for all the coins. 
http://freedoge.co.in/?r=1441421      This is the best Free Dogecoin site in my opinion.

http://satoshihero.com/en/register?r=jb89135j 

 http://bonusbitcoin.co/?ref=6B894978C23A 
Free Satoshi Faucet  A satoshi is the unit of measure named after the creator of bitcoin. These faucet allow you to play games, view adds, and mine for more satoshi's. All the satoshi's can be converted to bitcoin when you have accumulated enough. Each website has a minimum for withdrawl.
You need a coinpot account. Here is the link.
https://coinpot.co/register


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