Bitcoin Guide for Beginners and Dummies

Bitcoin Guide for Beginners and Dummies
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Now is a very good time to take an interest in Bitcoin and invest in it. It has been going strong for 10 years and its popularity has soared. In order to make the best returns on Bitcoin investments you need to understand what it really is and how it works. You also need to know the best way to obtain Bitcoins and the best investment strategies. This guide will show you all of this and more. Many people think that Bitcoin is a scam but it certainly isn't. However there have been some scams in the cryptocurrency world and you will find out how to avoid these and stay safe in this guide. We have worked hard to ensure that everything in this guide is explained in the simplest ways. Bitcoin and the underlying blockchain technology are fairly complex but you will be able to easily understand by reading this guide. Bitcoin started out with a value of zero and has hit highs of $10,000. It is a valuable commodity and once you have your Bitcoins you need to keep them safe. You will learn exactly how to do that.

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Mey Irtz. Bitcoin Guide for Beginners and Dummies

PUBLISHER NOTES:

Introduction:

What are Cryptocurrencies?

Chapter 1: The Transaction Properties of Cryptocurrencies

Immutable

Pseudonymous

Global Transactions at Speed

High Security

No Permissions

Chapter 2: The Monetary Properties of Cryptocurrency

There is a Controlled Supply

Bearer not Debt

What is Bitcoin?

Why does Bitcoin enjoy Value Jumps?

The Price of Bitcoin

When should you buy Bitcoins?

Go for Long Term Bitcoin Investment

Chapter 3: Bitcoin Investment Strategies

Long Term Buying and Holding

Short Term Bitcoin Trading

Mining for Bitcoins

Doubling your Bitcoins

Chapter 4: The Bitcoin Process

Bitcoin Miners are Essential

No Trust Required

Chapter 5: Purchase Bitcoins

Coinbase

Kraken

Poloniex

Bittrex

Chapter 6: Get Paid using Bitcoin

Carry out Work for Bitcoins

You can Sell Products and Services

Websites that Pay in Bitcoin

Bitcoin Faucets

Chapter 7: Bitcoin Mining

Online Bitcoin Wallets

Mobile Bitcoin Wallets

Desktop Computer Bitcoin Wallet

Paper Bitcoin Wallet

Hardware Bitcoin Wallet

Chapter 8: Strategies for Bitcoin Trading

Learn and get as much Practice as you can

You need a Trading Plan

Practice with Small Amounts

Keep your Emotions in Check

The Dollar Cost Averaging Method

Investing a Lump Sum into Bitcoins

Bitcoin Investing Hedge Fund

Chapter 9: Bitcoin Exchanges that are Fake

Phishing Scams

Malware Scams

Ponzi Scams

Mining Scams

Chapter 10: Bitcoin Mining – All About Bitcoin Mining

Bitcoin Mining Terms You Should Get To Know

CPU (Computer Processing Unit):

GPU (Graphical Processing Unit):

FPGA (Field-Programmable Gate Array):

ASIC (Application-Specific Integrated Circuit):

What Is The Blockchain?

What Exactly Is Bitcoin Mining?

Bitcoin Mining And Mining Difficulty

Bitcoin Cloud Mining – An Alternative To Joining Mining Pools?

Is Bitcoin Mining Profitable?

Chapter 11: The Future Of Cryptocurrency

Massive Support From The Masses

Bitcoin In Developing Economies

Fast And Cheap International Payments

Combat Crime and Corruption

Will You Be A Part Of Cryptocurrency Revolution?

PUBLISHER NOTES:

Legal Notice:

Disclaimer Notice:

Table of Contents

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Mey Irtz

Bitcoin Guide for Beginners and Dummies

.....

People like the idea that any governments or central banks do not control Bitcoins. They also like the fact that Bitcoin transactions are pretty anonymous. Yes there is a record of all Bitcoin transactions but very few include real world identities.

The first thing that you need to know is that Bitcoin is volatile. The value of a single Bitcoin has gone up and down over the years. This is not particularly a bad thing as other investments go up and down too. You need to be a smart investor with Bitcoin.

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