If you are interested in making some extra money without having to get a “real job”, you should pay close attention to Bitcoin. Bitcoin is the first (and still the most) cryptocurrency that has captured the attention of the mainstream public.
And for good reason. Bitcoin is easy to acquire, it's easy to use, and it offers an incredible opportunity to make some serious money. But like all true opportunities, there are some hidden pitfalls that can easily derail your plans. That's why I have written this short report which is designed to help you avoid these pitfalls... and maximize your chances of becoming a successful Bitcoin entrepreneur. First, you need to understand how Bitcoin works.
Bitcoin Is Different:
Bitcoin is different than other types of currencies in several important ways. For one thing, there is no central bank that controls Bitcoin. This means that there is no government that can decide to stop people from using Bitcoin, or from converting their Bitcoin into real money.
In fact, governments all around the world are warming up to Bitcoin. More and more countries are starting to recognize the incredible benefits of allowing people to use Bitcoin as an alternative form of payment… without having to go through a complex and long process of obtaining a “BitLicense” from some corrupt and bloated government agency.
Another difference between Bitcoin and other currencies is that there is no “mining” involved with using Bitcoin. When you use traditional currencies, the banks and the Federal Reserve System (the “central bank” of the United States) control the supply of that currency.
In other words, whenever the banks decide they want to create some extra dollars (or some other type of money), they just tell their employees to start writing checks or make other types of cash transactions in favor of those who have dollars or other types of currency on deposit at the bank. This system has worked for more than a century… because it is simple, easy, and effective.
The Banking System Has A Few Drawbacks:
For one thing, the banks and the Federal Reserve System always seem to have far more money than they actually need. This means the banks and the Federal Reserve System have an endless amount of “free money” available to loan out to people who don't really have any business or personal collateral whatsoever.
Another important difference is, Bitcoin transactions are anonymous. This means that it is very difficult for anyone to find out who is doing the transacting or even to know how or where the money is being spent.
There Is No Limit On The Amount Of Bitcoin That Can Be Created:
Still another important difference is, there is no limit on the amount of Bitcoin that can be created. This means that the value of Bitcoin will always remain somewhat stable.
Other types of currencies have a fixed amount of “real” money that can be created by a central bank. As a result, these types of currencies tend to become unstable as the value fluctuates up and down with the whims of governments and central banks.
Finally, one of the most appealing things about Bitcoin is, it is very easy to use. Anyone who has used PayPal or any other type of online payment system can easily learn how to use Bitcoin.
In fact, most people who use Bitcoin, also use other types of cryptocurrencies such as Litecoin, Dogecoin, and many others. This is because Bitcoin is the original cryptocurrency, and it remains the most widely used.
Next: How To Use The Internet To Make Money Without Having To Get A “Real Job”
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