As you may have read in my previous postings, I wanted to learn more about bitcoins and how to use bitcoins to make money. In my research, I viewed 12 bitcoin opportunities. After reviewing each one, I narrowed my choice down to five, then to one. It wasn't an easy choice, but I finally decided to join the Bitcoins Wealth Club (BWC).
Last month, I started training with the BWC course. There are 7 modules in my training, and so far, I've completed 3 of them. In my training, I have learned what bitcoins are and how they work. I have also learned several ways to start earning bitcoins, and later in my training, I will learn the specific tools needed to increase my bitcoins.
What is Bitcoin?
Many of you may have heard the term bitcoin among others and on the internet, but you may have no idea what it is.Bitcoin is a type of digital currency called a crytocurrency. There are many types of crytocurrencies in existence today, but Bitcoins are the first and most popular crytocurrency to date. One aspect that makes bitcoins so versatile, is that they can be exchanged between parties over the internet in an instant, and can be converted into any currency.
The value of bitcoins has risen over time. In early 2011, the value of one bitcoin (1BTC) was worth $1. Today, the value of 1BTC is over $8100, and it's rising. It is predicted that the value of 1BTC could go as high as $20k by the end of the year, and possibly $100k by the end of the decade, so the time to purchase bitcoins is right now!
You may be asking yourself: "If bitcoins are a digital currency, where is it held?" Fortunately, your bitcoins are not held in a bank, as your other assets would be. Instead, your bitcoins are held in a wallet, which is a secure website or app.
To add money to your wallet, you will need to register with a digital currency exchange. I use Coinbase to convert my cash to bitcoins, then I transfer my bitcoins from Coinbase to my Blockchain wallet. At this time I am adding $25 a month to my wallet. Recently, I have acquired a couple of students to tutor math, so my pay from tutoring will also be added to my wallet.
To cash out your bitcoins, you can sign up for a debit card in which you would load your dollars from your bitcoin wallet. With the debit card, you can go to any ATM in the world to cash out, or you can shop at any store or merchant that accepts VISA.
Once you have set up your wallet, now you are prepared to start earning bitcoins. In my training, I will be learning the different ways that I can add bitcoins to my wallet. One way I can earn bitcoins is to get involved with trading other crytocurrencies. Though bitcoin is the most popular crytocurrency, it is not the only one. There are other crytocurrencies on the market today, such as Ethereum, Litecoin and Bitcoin Cash. Although many of them aren't worth much, there are some crytocurrencies that may double, triple or quadruple their value in a short period of time. If you are a smart investor, you would be able to see the trends and earn more bitcoins.
Once I complete my training, I will begin to recruit others who are interested in learning and making money with bitcoins. I will be seeking active players who are available to communicate on a regular basis in order to make this business relationship a successful one. More details are on the way.
In conclusion, I feel that I am on the right track to earning at least $10k per month with bitcoins. Once I am fully involved, I will share my knowledge with those who would want to listen. As for now, I am in the infantry stage of my education of bitcoins. However, if this blog posting has intrigued you a little, and you would like to take the journey with me earning bitcoins and creating a better living for ourselves, click here to sign up, then we can chat a little more about it and set some goals.
Have a good day/evening blog readers!
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