Bitcoin Q & A
You might have many questions about Bitcoin, at this early stage. Questions like, how can I earn bitcoin? How much is a bitcoin worth in 2017? Should I invest in it? How to buy bitcoin with a credit card? How to sign up for bitcoin? Do I need a bitcoin wallet?
How Can I Earn Bitcoin On The Internet?
This is a great question. People are quickly realizing that bitcoin is rising in value very fast now in 2017. The value has been to $4,600 USD or more. At the time of writing it is at about $4,200. Naturally, people are wanting to find a company that pays you online in bitcoin. It makes a lot of sense. We strongly recommend that you take a good look at Mindset24Global.com – via this link, or by clicking the big BTC picture, above.
How much is a bitcoin worth?
On September 11, 2017 in the USA, Coindesk.com reports that 1 Bitcoin is worth: $4,200.01 USD. The page shows a chart of the bitcoin price. Select ‘ALL’ to see the exponential rise from about a tenth of a cent, in 2009, to the current level of $4,200. USD.
How much bitcoin is in circulation?
At the same date in 2017, Coindesk.com shows you that total Supply of Bitcoin is 16,557,600 BTC. The system has a programmed limit of only 21,000,000 BTC. This is the limit that bitcoin mining can reach. It accounts for the high market price: derived from high demand for bitcoin with a very limited supply. In comparison, the U.S. dollar has 3.5 trillion dollars in circulation. The ‘M1.’ It suffers from rapid depreciation. This is experienced as inflation of prices. Bitcoin’s Market Cap is $68.36Billion, to 70B. This is volatile at present. (As China decides and communicates its policy towards bitcoin versus the yuan. Chinese currency traders were betting strongly on the BTC.)
How to sign up for bitcoin?
You signup by creating your free bitcoin wallet. The easiest place to start with Bitcoin is here: Blockchain.info They have access by both computer, and by their really simple mobile app. You can ‘pair’ or link your two devices. The Blockchain wallet has a unique ID and it can generate addresses for you to use when you either request or send bitcoin. It also uses digital QR codes. It’s a simple and very secure process at Blockchain.info.
Do I need a bitcoin wallet?
Yes, you must have a unique Bitcoin wallet address, to send or request bitcoin. We do recommend that you apply for your wallet at Blockchain.info/wallet as it’s probably the most popular site for this.
How to buy bitcoin with credit card?
There are several merchant Web sites where you can purchase your bitcoin. Some sites take bank transfers only. Other sites will accept a credit card. We recommend you try at Coinmama.com as their system is very clear and simple to work. You’ll need to do a form of account verification. I found that the easiest way is to upload front and back photos in .jpg format of your driving license, or a passport. The minimum order of BTC, is $60 USD equivalent. The first level of verification allows you to buy $10,000 worth of BTC.
Should I invest in bitcoin 2017?
The value of 1 bitcoin is literally skyrocketing. It is worth much more than an ounce of gold. You decide for yourself. Will war break out with North Korea? Will millions of people rush to safe havens like gold, silver and bitcoin? Hedging against failure of the greenback? Some analysts are expecting a 75,000 to a one million dollar value per bitcoin, within ten years. We cannot guarantee it. We do feel it will rise substantially, although it is still very volatile at the moment. 12 September, 2017.
Do I have to buy a whole bitcoin?
No, you do not have to buy a whole bitcoin! Remember, it’s currently valued at $4,200 USD. My initial purchase was just for $60.03 to activate the BTC wallet. I did that at Blockchain.info because I love their system. With a distributed ledger working in the bitcoin blockchain, the algorithm is quite happy to send and request your tiny micro-payments. Heck, you might be buying a cup of coffee or a transport ticket. A meal or some takeaways. Any tiny decimal fraction of a bitcoin is OK to work with. It very rarely is transacted in perfectly whole bitcoin amounts. Don’t worry. Just get started. My first order was for 0.0122329 btc.
Thanks for reading our blog article about How Can I Earn Bitcoin | Questions & Answers. We sincerely hope that we’ve been able to help get you started earning bitcoin on The Internet. Isn’t it all magical?
Financial Editor, Focus On A Success Mindset.