"COOL CASH MAKING SYSTEM THAT WORKS LIKE A MAGIC! (VOLUME 2)

"COOL CASH MAKING SYSTEM THAT WORKS LIKE A MAGIC!"

                                                    (VOLUME 2)

WHAT IS BITCOIN???

This was the question I asked and where we stopped on the last article on how you can make cool cash that I titled "COOL CASH MAKING SYSTEM THAT WORKS LIKE A MAGIC!,

And i gave us an assignment that anybody that has a browsing phone should just do a simple google search about BITCOIN and tell us the outcome of their findings. But up to this moment no one has said anything concerning it.

Well, let's start from where we stopped!

Bitcoin is an electronic currency that belongs to the class called ”Cryptocurrency”.

When i did my own research this was my findings https://www.google.com.ng/?gfe_rd=cr&ei=eBvBWNXtA-eO8Qebp6zoAw&gws_rd=ssl#q=bitcoin&*

As you can see up there according to Wikipedia, Bitcoin was introduced in October 31st, 2008 and released in January 2009 by a man called Satoshi Nakamoto. Although, no one knows what he looks like. This guy got tired of banking systems and wrote some crazy algorithms (That, I know nothing about) all in the name of upsetting the current world system that claims that hard currencies are backed up by Gold..

However, he developed the BITCOIN with the aim that its value will be determined by people, since they are the ones to spend it. When BITCOIN started in 2009, 1 Bitcoin was trading at 50cent.., I got to know about Bitcoin late last year, 2016 and as at that time, 1 Bitcoin was being sold for $701, today, 1 Bitcoin sells for over $1,200 and it is increasing on a daily basis !, 

Let's now assume that you are unable to get bitcoin in 2009 or 2010-2015, But you are able to get it last year, when its price is about $701 and you have 100 of it, today you will be talking about a $500 plus gain on one bitcoin,  multiply that by 100. you can tell me the answer.

Don't let's do much ado about nothing on this. Let us quiclky look at  some of the benefit of bitcoin.

SOME OF THE USES OF BITCOIN!

1. Bitcoin can serves as an investment opportunity,  that means you can  have it now, save it  and resell it for a bigger cost later. It appreciates very fast.

2. You can use it to transfer funds to people and relatives worldwide without the stress of going to the bank.

3. You can use it to make purchases online (That is, with your bitcoin, you can shop online, you can book tickets online, you can pay bills online. The uses are numerous).

4. You can also exchange the currency and spend the money in your local currency, when you run out of cash and you have bitcoin, that means you can exchange it and spend it in your local currency.

More so, as we all know that Before now, sending  money from US down to Nigeria or other countries, is like a junior school pupil writing JAMB, as the sender will need to use western union, and you as the receiver will have to join the long queue at the bank after which the bank would tell you to bring a proof of Identification, your question and answer  and some other sh*t like that before you can actually get your money.

But that has been the thing of the past with Bitcoin. So you can see that having a bitcoin is like been a share holder in a major company around the world, which you can easily sell when it appreciate, keep your money and make another purchase when it cost comes down.

Now I know someone is beginning to see beyond where we are and already asking questions within his/herself. " How can I get involved in this bitcoin of a thing with the current price of bitcoin and where can i get the money to trade bitcoin?

Well, RELAX!, RELAX!!, RELAX!!!. We shall solve the puzzle together. And this is what will lead us to the next phase of this article. Which is:

TRADING BITCOIN!!!

But that will come up in the volume3 of this article. Watch Out!!!