New Zealand opens its arms to Bitcoin

Bitcoin has hit the mainstream in New Zealand today, with new of the first piece of real estate being sold for the digital currency that is taking the world by storm. In this article we discuss the new financial technology that is set to revolutionise the banking paradigm, and highlight a few ways New Zealanders can get involved with crypto currencies such as Bitcoin in these early times.

First, let’s take a look at what Bitcoin is, and the technology that makes it work. Bitcoin is a virtual currency that is immune to inflation, because there can only ever be 21 million of them in existence due to the mathematical system that creates them. There are currently around 16 million bitcoin in existence, and new coins are slowly generated through a process known as “mining”. All 21 million coins will have been mined by the year 2140.

The term “bitcoin mining” is a bit of a misnomer. Theres is no actual mining involved. Mining refers to the processing of financial transactions on the bitcoin network. Imagine how a transaction through a normal bank has to be processed. If someone makes a purchase using EFTPOS, funds are withdrawn from their bank acount and are deposited into the account belonging to the person they are buying from. The bank processes the transaction and charges a small fee for doing so.

The same thing happens with bitcoin: the buyer sends the agreed amount of bitcoin to the seller using an app on their smartphone or pc; the bitcoin network processes the transaction, and receives a small fee for doing so. Infact, almost anybody with a working computer can connect it to the bitcoin network using free software, and start processing transactions on it and earning part of those transaction fees themselves. This is called “mining”, and the people and the computers they use for mining are called “miners”. Bitcoin mining is highly profitable, even for small-time miners running a few pcs or dedicated miners at home.

Bitcoin and other crypto coin miners come in a range of sizes.
Bitcoin and other crypto coin miners come in a range of sizes. The larger machines generally cost a lot more than the smaller models, use more power, and earn more transaction fees for the owners. The term “bitcoin mining” simply refers to the processing of bitcoin transactions – no picks and shovels required.

Bitcoin and other “crypto currencies” (crypto is short for “encrypted”) are stored in people’s phones and computers using small apps called “wallets”. Well, sort of. In reality, only proof of ownership is stored in the wallets. The coins themselves are recorded as entries in a a ledger which is shared and duplicated right across the entire bitcoin mining network, making it very difficult for hackers or fraudsters to get up to any dodgy business. Details of every transaction are permanently recorded, and are viewable by anyone with a web browser using websites such as BlockExplorer. Details of the transaction are recorded, but the names and personal details of the sender and receiver are not, so there is a combination of security and privacy, sometimes referred to as pseudonymity.

As transactions are created using bitcoin and are submitted to the bitcoin network for processing, they are grouped together in batches of transactions known as blocks. Think of a block as being a page bearing a list of perhaps a dozen transactions. Once a block is formed, it is published on the network and waits to be validated or “confirmed” by a number of “miners”. It is encrypted to keep the details secure, is allocated a block number, and is added to the exiting list of previous blocks in a fashion that creates a permanent, unbreakable chain. This is what’s known as the blockchain, and is the underlying technology that is changing the world as we know it and will most likely end the stranglehold that traditional banks have over the world’s financial system.

Bitcoin and blockchain technology are creating a decentralized money system that allows anyone in the world to easily and quickly make payments to anyone else, anywhere else in the world, without the need for an intermediary such as a bank. This is revolutionizing business and will transform the way the world conducts trade, thereby transferring the ability to generate wealth from the extremely rich banking elite to the common people of planet Earth.

The bankers are already kicking up a stink and are doing all they can to make sure bitcoin doesn’t succeed: they don’t want freedom for the masses, but the cat is already out of the bag. Bitcoin is spreading like wildfire around the world, and is now becoming welcomed into the mainstream here in New Zealand. A plethora of bars and cafes around Auckland and Christchurch already accept bitcoin for some products, and the movement is gaining traction.

There are a few downsides to bitcoin as it currently stands. The value of each Bitcoin fluctuates tremendously as traders look to profit from differences in supply and demand, just as they have done in traditional forex and stock markets in the past. This causes a bit of annoyance to bitcoin users but is generally accepted as part of life. Every decent wallet app is constantly updated with the current value anyway, so it is not really much different than having New Zealand dollars and watching the price rise against US dollars or Aussie dollars. Welcome to the age of global trading (which is different than globalization but that’s food for another article).

For people new to the bitcoin world, you need to know that there are many other crypto currencies in existence, not just bitcoin. The other big coins include names such as “Ethereum” (great name and a great currency), Litecoin (designed to act as “silver” in relation to Bitcoin’s status as digital “gold”), DASH (short for “Digital Cash”), and Monero (a crypto currency with an even greater level of privacy).

Each crypto is designed for use in slightly different industries or scenarios. For example, Ethereum (ETH) is designed for use in generating “smart contracts”. One example of a smart contract could be an automatically generated and administered insurance policy, than remains in place so long as the proper conditions such as premium payments are made, and which pays out automatically when a claim is made.

You can monitor the value of each crypto currency on websites like WorldCoinIndex and CoinMarketCap (Cap is short for capitalization). Values are usually represented in comparison to US Dollars, so keep your calculator app handy or find a converter on google.

How to buy Bitcoin in New Zealand.

So how does one get their hands on some of this digital gold, you ask? Well, it is pretty easy, really. There are websites such as “Localbitcoins.com” that let you arrange meetings with other kiwis to do deals for cryptos, but not everyone is comfortable meeting strangers to buy and sell money, and understandably so. A better option is to use a reputable online coin broker or exchange such as Coinmama.com, and just buy bitcoins using your credit card. Just sign up for an account, make your purchase, and wait for the bitcoin to be deposited into your coin wallet app.

If you need a good wallet for pc try Jaxx.io or Exodus wallet. For smartphones, do a search for your particular phone’s operating system as the apps do vary. Just do a bit of research before you jump into it. Make sure the wallet you choose gives you access to your “private keys”. If it does not, keep on looking. Whoever controls your keys, controls your coins. It is not recommended to treat your accounts on coin exchanges as wallets, for the very same reason.

A bitcoin wallet is a simple app on your smartphone or pc
A bitcoin wallet is a simple app on your smartphone or pc

So there is a bit of an introduction to Bitcoin, a background and overview of the mining process and the underlying blockchain technology. You should definitely look into bitcoin. Do some research and get yourself a wallet. Keep in mind that it is very easy to change wallets later, so don’t be scared, just keep a copy of those private keys.

Bitcoin and the other cryptos are the future of finances, and they are here to stay. By jumping onboard now you are still at the leading edge of things, and will be well placed to use the technology to your advantage as we progress. It is an exciting time, so embrace the change and take control over your own finances. Be your own bank!!

 

The ultimate simple explanation of what Bitcoin is for brand new beginners

Mainstream adoption of Bitcoin and crypto currencies is taking place, yet many folks are unsure as to the true nature of these digital assets and the revolutionary blockchain technology that is behind them. In this article I will give you a simple explanation of what Bitcoin is, without going into the nuts and bolts of how everything works. You can read up on the techy stuff later but for now, this post will give you the basics.

Bitcoin is electronic money. It is not printed on paper notes like your old dollar bills, and there are no physical coins like the 50 cents piece rattling around in your car’s ashtray. No paper, no shiny metal coins – just numbers in an account. Think of bitcoins as being money in an online bank account.

Now, as with all online bank accounts, someone has to take care of looking after your Bitcoin balance in the same way that your bank uses its computers to look after your regular bank accounts. When you pay your bills using traditional online banking or EFTPOS, it is your bank that processes the transactions, and they usually charge you fees for doing it. Bitcoin works in the same way except the transactions are processed by a large network of computers spread all over the world. You still get charged a fee for doing a transaction, but that fee goes to the owner of the computer that actually processes your bitcoin transaction.

As with any normal banking transaction, there is a payer and a receiver. If you are paying your power bill online, you are the payer and the power company is the receiver, and you both have your own bank account numbers. In bitcoin transactions, it is the same. You have your own bitcoin account number, but it is called an “address”, and the receiver also has an “address”. When you pay a bill with bitcoins, the bitcoins are transferred from your address to the receiver’s address.

When you send bitcoins to someone in this way, which you can do using a simple app on your smartphone, a small amount of the bitcoins you send are sent to the owner of the computer that processes the transaction. That is the transaction fee, and it helps to pay the costs of their mining equipment and electricity usage plus a small profit. The person who owns that particular computer is called a bitcoin miner. And the processing of the transaction is called bitcoin mining.

Some people own a lot of computers that are used for this “bitcoin mining”, and as a result, they can earn a lot of money from processing lots and lots of transactions. Infact, there is so much money to be made from bitcoin mining that there are even companies who rent out computers so other people can run the bitcoin mining program on them.

All of these bitcoin mining computers are spread out around the world. A lot of people even do the “bitcoin mining” on their personal pc’s and laptops at home, and earn anywhere from a few cents to a few dollars per day depending on the speed of their computer. So Bitcoin gives normal people the opportunity to earn a small income by processing transactions (aka bitcoin mining) on their own pc.

Four Bitcoin mining machines
Bitcoin mining machines come in a variety of types, from tiny USB ASIC miners to big, power hungry professional miners. You might know someone who uses their personal pc or laptop for bitcoin mining.

Bitcoin runs on a decentralized network, as opposed to the centralized system used by traditional banks. Being decentralized means that the system is less prone to hackers and fraudsters, and there is very little chance of the network going offline.

The next thing I will mention is that Bitcoin is “open source”, meaning that anyone can see the actual computer code that runs the network. All transactions are permanently stored on the network, and can be easily viewed by anyone using a web browser. Note that the transactions are visible but none of your personal information is visible because you didn’t have to provide it when you first opened your bitcoin account address.

To get a bitcoin address you first need a bitcoin wallet, which is a small app on your pc or smartphone. The wallet app generates an address and that is where people can send you bitcoins. Every crypto currency needs a different address, but some wallets can be used to store a number of different crypto currencies, in the same way you can hold different paper currencies in your physical purse or wallet.

A bitcoin wallet is a simple app that runs on your smartphone or PC.
Easily check your bitcoin balance and send and receive payments and donations using a wallet app that runs on your smartphone or PC. Some wallets support a wide range of crypto currencies such as Litecoin and Ethereum, in addition to Bitcoin.

Ok, that is enough information for now. There is a lot to more to learn about Bitcoin: we haven’t even talked about the “blockchain” yet, but there is plenty of time for that later, or the huge community that supports the bitcoin network. You can find more information about all those things on this website once you have digested this introductory stuff.

So as a quick summary, here are the main points we have covered in this article:

  1. that Bitcoin is electronic money, otherwise known as a digital asset,
  2. that Bitcoin transactions are processed on a decentralized network,
  3. the processing of bitcoin transactions is referred to as “bitcoin mining”,
  4. the people who own the computers that process transactions are called “bitcoin miners”, and they get paid a small fee for doing it,
  5. Bitcoin and other crypto currencies are stored in small apps called wallets, and some wallets can store a number of different crypto currencies,
  6. your Bitcoin wallet generates an “address” that people can send bitcoins to when they need to pay you, or vice versa.

Hopefully this article has been helpful to you as you learn about Bitcoin. Please feel free to share it with anyone else you know who also wants to learn about this exciting new technology and currency. Bitcoin is the way of the future and you are doing well to educate yourself in these early stages. Go well – go crypto!

Where does the real value of Bitcoin come from?

I just read one of the most important questions about Bitcoin, a question that I haven’t read many good answers for. Fortunately, I have cracked the cryptos as you already know since my nickname is Crypto Cracker and here is the real answer. You might regard this post as mansplaining if you are a misandrist but that is your problem, not mine. These are the facts.

Much of the value of bitcoin and many crypto coins comes from the properties of the blockchain technology. Visibility of each transaction; “relative” privacy; resistance to fraud; protection against double-spending of coins etc – all these characteristics are very good, and so are deemed to be valuable features of the blockchain and bitcoin network itself. We know that there can only be a maximum of 21 million bitcoins once they have all been mined. One bitcoin, therefore, is basically 1/21,000,000th share of the overall bitcoin network. The dollar value is actually irrelevant except that dollars is how we measure things as the moment. As more people become interested and involved with bitcoin and cryptos, they increase the dollar value because they are wlling to pay more for their share of the bitcoin blockchain/network/infrastructure – call it what you want. If the bitcoin blockchain did not have any good features that made it resistant to fraud or any of those good things I mentioned earlier – if those good features did not exist then nobody would care about owning it, i.e. there would be no demand for it, and the dollar value would be basically nothing. It is the great features built into the blockchain technology that creates the value – and the public demand that creates the price.

The Currency War is in Full Swing as Banksters Attack Bitcoin

Bitcoin Mining - Megadumpload

The crypto currency aka Bitcoin Industry is under attack. We are witnessing a digital massacre, a virtual wipeout – a Bitcoin bloodbath. Crypto currency and Bitcoin buyers, miners and traders across the globe are dumping all their Bitcoins, Litecoins and alt coins, and are running for the hills. Bitcoin, the world’s greatest scam, is over. Dead, boned and buried.

Game over.

Let’s move on.

Imagine please, Earth’s future, eternally controlled by the big banksters; old money; the economically elite families whose ‘hidden hand’ runs the world, makes wars, controls weather, and charges the citizens of the Earth a fortune in daily compounding interest on money they create out of thin air.

The banking cabal are a group of twisted, power hungry families whose relentless lust for money and power has systematically established a system of financial and legislative control that enslaves the vast majority of the human population to them, under threat of capture, prosecution, and imprisonment.

The people who own today’s banks really hate you, and they know how to control you. They make it hard for normal people to survive and thrive. The discourage real human development. The current economic paradigm enslaves humanity in the grip of never ending debt.

The global banking cartel control you because they make and control the money you need in order to live.

THEY make you go to your job on Monday morning, and the following four, five or six mornings that week, and the next week, and the next.

Yet you still think you’re the one calling the shots.

The banking cartel
It is time to turn the tables on the global banking cartel and take the power back!

If you went to work for any other reason than you believe it was the very best thing you could possibly have done with that time, then you are not in charge. How could you be – you wanted to be doing something else!

Now I ask you to try to think about all those millions of lost labor hours that everyday working people around the world spend just on paying interest! Regular people, just like you, who also must turn up each weekday to a job that ties up their minds and bodies and saps their essence on a daily basis. This is not living – it is enslavement.

It is a criminal system that is absolutely corrupt at its core, and it must go!

WE, aka, ‘we the people’, aka the millions of working class people around the world, are sick of it, and we want change.

We want a world where we are not charged interest on money that someone else has created out of thin air. We want a world where we are free to creatively go about our lives without the hidden hand of the global elite controlling our moves at every turn. A world where we are free to transact, barter and trade with whomever we choose, instantly, transparently, and with a minimum of intervention from outside sources.

We want a financial system that is intrinsically secure, anonymous and efficient. And that is what blockchain technology (the cornerstone of Bitcoin and many other crypto currencies) provides for us. A secure and anonymous financial system that has a lightweight, decentralized footprint.

The very computers that run the Bitcoin network are spread around the world, and are owned by hundreds of thousands of small time as well as larger investors known as “Bitcoin Miners”, who provide CPU processing power from their own computer hardware, to the Bitcoin network, in exchange for payment.

Although Bitcoin mining does include working with some technical issues, it is in fact a fairly simple and straight forward thing to get into, once you have done your homework.

But hang on, hold up… wait up!

Bitcoin mining – are you mad??

“Why would I even want to get involved in that?!?” I hear you ask.

To be honest, I’m not sure why YOU would want to do it, but I know I want to, and here’s why:

Supporting the Bitcoin network, aka mining Bitcoin, not only earns me tiny amounts of Bitcoin minute after minute, day after day, but it also lets me shoulder some of the responsibility and workload that is required in order to wrest control away from the big banks.

And oh, how we want to take that control away from them. I personally hate being dominated by debt – debt totally sucks, especially when so much of that debt is interest on money that was created out of thin air.

Anyway, it is up to each individual person to decide whether they want to have control over their financial situation, or not. I cannot force you to become involved in Bitcoin mining. That is your decision. What I can tell you is that it is not as mysterious or complicated as you may imagine. In fact, it really is dead easy. What’s more, I’ll even tell you how to do it, then you can go and make up your own mind – I’m just sharing the information.

In order to get started in Bitcoin mining (and the same applies to most other crypto currencies), you need to understand what is required in terms of hardware and software, and have an adequate power supply to run them.

Or of course, you could always try cloud mining, which is also profitable, and beneficial to the network, but you don’t have the same level of control.

In a nutshell, here is what you need to get started mining Bitcoins.

You need some mining hardware. Mining hardware is really just a fancy name for a powerful computer that is designed for the main purpose of processing millions of mathematical calculations per second. The faster your Bitcoin miner is, the more calculations or ‘hashes’ it can run, and the more you will be paid for your mining efforts. But faster machines require more power, and have higher setup and maintenance costs, so think about your own situation and work out how much you can afford to invest in the way of money, space and power capacity.

I am reminded, and shall remind you, now, of the old adage, “scared money makes no money,” which essentially advises us to take a more measured approach to our mining and overall Bitcoin strategy, rather than grasp at the first thing that comes along as if it was a lifeline.

The Bitcoin industry is very volatile, and sometimes you might have to fly by the seat of your pants, but you can also insert a measure of stability by starting out slow and ramping things up gradually. Just keep your aim in mind and keep learning. Your greatest asset, right now, is information. Gather as much of it as you can, then turn that information into power.

There are two things you need in order to succeed. You need to be smart and you need to be ready. You are already ‘ready’ – whether you are smart is up to you. Smart people mine Bitcoins. Be smart. Mine Bitcoins.

Here is a simple example of Bitcoin mining hardware.

Please note: Bitcoin miners need a stable electricity supply and in internet connection. If you don’t have either then you are going to need to get that sorted out before you begin mining. If you can use solar power to run part of your operation then you will save on the overall power cost in the long run but again, start out slow and take things one step at a time before going all out crazy. There is a smart kind of crazy and a plain old dumb type of crazy. Keep an eye out for my upcoming new book called, “Crazy for Dummies.” Enough said.

Home Built Crypto Currency Miner - Megadumpload
A miner can be built using standard PC components – they key ingredient being the video cards. The more you have, the more coins you will earn.

There are a few different type of mining hardware, from the very small to the very big. Did you know you can even buy little USB Bitcoin mining sticks? Check this out!

Some Bitcoin miners such as the USB Mining Sticks connect to your PC and are controlled with mining software such as CGMiner, which you can learn more about here or have a look on YouTube. Larger Bitcoin mining hardware usually has everything built right into them, and just need the operator to visit a webpage in order to set up your payment details before you start mining. Gotta send your new coins somewhere, right?

Bitcoin miners can be rather noisy, so consider your environment before purchasing hardware. If you live in an apartment block you might want to consider the effect on your neighbors before you go filling up your living room with loud equipment. Again, it is your choice and your neighbors. Some Bitcoin miners have a lower power mode which also means less noise, so that may be an option for running through the night. Keep researching, I say.

Once you have some mining hardware (and software if you need it), you then need to connect to a mining pool. A mining pool is a group of Bitcoin Miners and enthusiasts who combine the processing power of all their mining hardware and work together to process transactions for the Bitcoin network, collectively. This collective approach gives all members a much greater earning potential than if they just mine all by themselves. One great thing about mining pools is that you still keep your own mining equipment with you – you are still in control – but you share the rewards generated by everyone in the group, relative to the amount of mining power your equipment produces. So awesome!

One of the largest and easiest mining pools to join and use is SlushPool. Check it out…

Your earnings accumulate within the pool until it reaches the threshold for a payout, at which point it is sent to your Bitcoin wallet, which, by now, you may be familiar with. Try Jaxx or Exodus if you like, but there are many others.

So let’s take a quick recap of the main points covered in this article. We discussed the issues of control and financial slavery, explained the desperation of the global banking cartel to maintain their grip on the working class people of Earth, and how that desperation has cornered them into declaring all out war on Bitcoin and the other crypto currencies. We then introduced a few main features of blockchain technology and how that technology enables all of us to transact and trade around the world without third party interference. Finally we have shown you what you can do not only to support the Bitcoin network by providing hashpower into the system, but how your efforts in doing so can generate an income of Bitcoins into your own Bitcoin wallet. The future has actually arrived. We are living in the Bitcoin Age, and it is now time for the small time investors to break free of the control of the big banks and secure your own prosperity with the power of Bitcoin Mining and the technology of the blockchain.

 

The Bitcoin Freight Train – How to get in on the Modern Day Gold Rush

If you’ve been watching the news or at least paying attention to virtually any media outlet lately, you might have heard a lot about the astronomical rise of the world’s premier crypto currency, Bitcoin. In this article we discuss some of the amazing features of this new virtual coin, tell you about some of its practical uses in today’s world and tomorrow’s, and give you a few ideas on how you might actually get involved in the exciting and new Bitcoin gold rush.

But first, allow me to briefly define what Bitcoin is, and how it works. I will try to keep this fairly simple – you can look deeper for more details later if you choose.

So what is Bitcoin and how does it work?

Put simply, Bitcoin is a ‘virtual currency’, in other words, it is a currency that does not use any physical paper or coins in order to transfer wealth. Instead, Bitcoin is stored in computers and a special type of USB stick called a ‘hardware wallet’. Bitcoin is a cashless currency stored in digital form that everyone with an internet connection can easily have access to.

It may help to think of Bitcoin and other crypto currencies as being stored inside your own type of ATM that you can access to make payments directly to anyone else anywhere in the world instantly, and without the need for the big Banks to be involved. In the Bitcoin world, you operate as if you are your own bank, and you have control over your money, rather than Banks holding it and allowing you access to it on their terms.

So what makes Bitcoin different than, say, a credit card?

You might think that Bitcoin sounds just like owning a credit card. You purchase things online, you never get to hold any real cash – it all seems very credit-card-esque, on the surface.

In reality, however, things are very, very different.

Firstly, your Bitcoins belong to you, not your bank. If you own some Bitcoins, there is nothing your bank can do to take them off you. No monthly fees to your bank for the privilege of using your own money, and no chance of anyone committing credit card fraud due to the incredibly secure blockchain accounting system that is used to store the details of every Bitcoin transaction, anywhere in the world.

Slightly techy talk about Bitcoin and the blockchain.

How does blockchain technology create a platform that is naturally immune to fraud?

Blockchain technology is really a technical and fancy name for what could also be called ‘an open ledger that is duplicated across a network of thousands of computers creating a self-checking, anti-hackable accounting system’.

A brief introduction to the Bitcoin Blockchain and how it works.

The details of every Bitcoin transaction is recorded and stored in the blockchain within seconds or minutes of the transaction being conducted. The buyer and seller’s Bitcoin wallet addresses are recorded, as well as the date, time, and transaction amount. The information is lumped together with information from several other transactions into one chunk of data known as a block. The blockchain is simply a continuous record of all the transactions that ever happen within the Bitcoin world. The size of each ‘block’ in the blockchain is currently 1MB. As a new block is created, it gets added to the blockchain, and its details get sent out on the network so that all the connected computers can be updated.

Here’s the magic of the blockchain’s security:

When someone attempts to conduct a transaction using Bitcoin, details of the transaction are put onto the Bitcoin network for validation by one or more of the connected computers. Every computer in the network has a copy of the blockchain, and can therefore check the details of all previous transactions. With the full transaction history available in a locally stored copy of the blockchain, the computer can check to see that the person paying the Bitcoins actually does hold sufficient Bitcoins in their wallet to pay the transaction with. If the person does not hold enough Bitcoins in their wallet, the transaction will be rejected.

This method of validation means that nobody can double-spend their Bitcoins.

Ok, so Bitcoin is great, but how do I get my hands on some?

I am so glad you asked. Most people haze over as soon as they even hear the words “Bitcoin” and “blockchain”, but you, you are different. You know what’s coming and you know you want in. Nice.

To answer your question, there are actually several ways you can acquire Bitcoins, and many of the other crypto coins out there. You could engage in Bitcoin ‘mining’, which is where you allow your own computer to connect to the Bitcoin network in order to boost the processing power of the whole system. People who use their computers for this ‘mining’ operation are paid a small amount of Bitcoin for every transaction their computer successfully processes.

A quick introduction to Bitcoin Mining Pools.

Over the past few years, groups of Bitcoin ‘miners’ have teamed together, creating a ‘pool’ of computer power that can process many transactions per hour on behalf of the Bitcoin network, thus generating a large source of income for the pool, which is then divided between the pool members relative to the amount of computer power each member contributed to the pool. Mining Bitcoin as part of a pool is generally a better scenario for most people than trying to mine alone.

A brief overview of Bitcoin Faucets.

Another method of acquiring Bitcoins is through the use of ‘Faucets’, or websites that pay a small fraction of Bitcoins known as Satoshis in exchange for viewing ads or conducting surveys. Collecting free Bitcoins from Faucets is time consuming, and it can be fairly tedious solving the endless captcha puzzles each time you want to claim your free coins, but it is a free method of generating Bitcoins that just about anyone with access to the internet can do.

How to buy Bitcoins online using a credit card.

The simplest way to get your hands on some Bitcoins is just to go ahead and buy them online using your credit card. You can easily buy them from websites such as Coinmama, and have them sent straight to your Bitcoin wallet. If you don’t have a Bitcoin wallet yet then I recommend getting one before you attempt to buy any Bitcoins, because you will need the wallet ‘address’ in order to conduct a purchase. For new users to the Bitcoin world I recommend using the free, Jaxx wallet.

Once you have your wallet set up and have familiarized yourself with its basic functions, it is time to go and purchase your Bitcoins.

Click here to go to Coinmama to buy Bitcoins using your credit card. Make sure you copy the Bitcoin wallet address from inside your Jaxx wallet. Double check that you have the right address for Bitcoins, as Jaxx supports a number of crypto coins, and each coin has its own address. If you use the wrong address when you go to purchase your Bitcoins you might lose your coins so double check that you have copied the correct wallet address.

Did I remember to tell you to check that you have copied the right address? I did? Good.

Click here now to buy Bitcoins using your credit card on Coinmama.

Once you have bought your Bitcoins you can decide on your own strategy for getting the most out of them. Some people just like to buy their Bitcoins and hold them for long term growth and stability. Others prefer to put their Bitcoins to work through leverage and trading in a similar fashion to the way stock brokers trade stocks. The profits are high in crypto currency trading due to the volatile nature of the industry but so are the risks. Seriously, do your homework before getting involved in crypto trading, it can be profitable but it is also risky.

Whatever you do with your Bitcoins, the main thing is just to get some. We are in the middle of the biggest gold rush in living memory. It can be denied but it cannot be stopped. You have the opportunity, right now, to take control of your financial future. Is Bitcoin cheap? No, it is not. But it is never going to be cheaper than it is right now. The price/value of Bitcoin is increasing and will continue to do so for quite some time.

Your time to climb aboard is now, so do yourself a huge favor. Check out Bitcoin for yourself and get your hands on some of that anti-hackable, Bitcoin blockchain goodness today.

This is CryptoCracker signing off, and wishing you a very happy crypto! And as always, The Crypto Must Flow!!!