Never heard of Bitcoin before?...
......Don't worry, most people haven't..."But there will come a day when people look back at this moment in time and wish they had invested everything they had in Bitcoin!"
Today 1 Bitcoin (or BTC) is worth $1,180
This charts shows how much Bitcoin has increased in value over the last month alone.....
Yes that does say 30.28% !! (and yes that is in 30 days)
It's crazy times that we live in and everything is changing, the world is changing, dramatically!
But before you go out and sell your children for Bitcoin, my advice is to educate yourself as much as you can about it.....and you are in the right place to do just that......
Here is a concise explanation from the Guardian newspaper.....
(Published June 2014 when Bitcoin was valued @ $600)
In the video it refers to people losing all their money due to Bitcoin - be warned! Do not think of it as a "Get Rich Quick" investment, but rather a very long term investment, like Gold.
This price of Bitcoin is insanely volatile, moving in value drastically and in huge amounts, much much more than any traditional currency ever could (except for Sterling on the day of Brexit).
So with Bitcoin consider that any day could be a Brexit day! No one can tell if or when it may plummet or shoot up in value.
But the one thing that the past 4 years has told us is that on the whole it goes UP in value.....
This price of Bitcoin is insanely volatile, moving in value drastically and in huge amounts, much much more than any traditional currency ever could (except for Sterling on the day of Brexit).
So with Bitcoin consider that any day could be a Brexit day! No one can tell if or when it may plummet or shoot up in value.
But the one thing that the past 4 years has told us is that on the whole it goes UP in value.....
This chart shows the value movement in Bitcoin from 30th January 2013 to 27th February 2017.
Note that the red dot on the graph was June 2014, which is when the Guardian Newspaper did their short video about Bitcoin.
Anyone else wishing they bought £1,000 worth at the start? Me too, that would be worth over £120,000 by now!
But who knew? And who knows now?
The answer is, no one can predict the future, but one thing I do feel sure about is that the world is changing beyond anything any of us could have imagined, and I'm willing to speculate right now that Bitcoin really will be the future of the global e-commerce and trade.
Are you wondering what happened to cause that steep fall in value that can be seen on the chart?......
Chinese Government Bans Financial Institutions From Using Bitcoin -
December 5, 2013
December 5, 2013
Bitcoin value: $1,022.37
Bitcoin value 10 days later $839.93 (17.8% drop in value)
Putting its first restraints on Bitcoin's surging popularity, the People's Bank of China declares Satoshi Nakamoto's novel invention not to be a currency. The policy change prohibits any financial institution to trade, insure, or otherwise offer services related to Bitcoin. Over the following weeks, further restrictions slowly strangle the Chinese cryptocurrency markets, as exchanges repeatedly try to find innovative, lasting ways to stay in operation, and prices around the globe sink dramatically.
Sources:
Following this event......
Over 60% was wiped off the value of Bitcoin in just 4 months!!
(December 2013 to April 2014)
It took exactly 3 years before Bitcoin recovered to its previous peak value of December 2013 ($1,022).
There have been various events in Bitcoin's short history which have had effects on its price and I encourage you to review this website which lists all major ones....
Here is an explanation of how Bitcoin actually works in practice.....
If you would like to know more information about mining Bitcoin then click here (coming soon).
How Do I Get Some?
The quickest and easiest way to purchase Bitcoin is using Coinbase
If you use this special invitation link then we will both receive $10 of FREE BITCOIN when you purchase your first $100 worth.
www.coinbase.com/join
The sole reason for me using Coinbase is that you can purchase Bitcoin instantly using a bank card.
The alternative is to send money via a bank wire, which is more time consuming to do as you will have to go to your local branch to request the transaction (as its to international bank accounts), and of course you will then have to wait roughly 5 working days for the money to clear.
I am going to research all of the best methods for purchasing Bitcoin and update this page accordingly.
In the meantime I have prepared this guide to purchasing Bitcoin using Coinbase (its very straightforward)....
(www.comingsoon.com)
More Info? If you would like me to cover anything else then please leave your comments below.
For now I will leave you with some more interesting videos about Bitcoin....
Why You Should Buy Some Bitcoin ASAP !
After listening to this guy talk I feel I would be doing you an injustice if I didn't strongly urge you to go and purchase even just $100 worth of Bitcoin RIGHT NOW
If it goes up 10 fold and you miss the boat then you'll kick yourself for missing the change to make an easy $900 profit
Clickbank is the quickest and easiest - go do it now!
Use my link and make an immediate 10% ROI on your $100 purchase.....
www.coinbase.com/join
Other Useful Resources...
www.Bitcoin.org/Getting-Started
www.coinmarketcap.com
www.blockchain.info
www.xapo.com
www.ledgerwallet.com
I'll leave you with 1 last image that will make you sick.....
......Bitcoin value growth in the last 12 months
yes, that does say over 200% -
in other worlds TREBLE IN VALUE
Gutting isn't it....
.....But at least you know now!!!!
