Investing in Bitcoin

Bitcoin

What is Bitcoin?

●Bitcoin is a form of digital currency, created and held electronically

●Invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto

●Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

●Transactions are made with no middle men – meaning, no banks!

●There are no transaction fees and no need to give your real name.

●More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

What is Bitcoin? (More technical explanation)

Bitcoin is considered a ‘cryptocurrency’ because it uses military-grade cryptography to secure transactions. Bitcoin payment processing is conducted through a private network of computers, and every transaction is recorded in a public record known as the “blockchain.” New Bitcoins are only generated to pay “Bitcoin miners”—the people whose computers participate in this network and complete complex mathematical tasks to approve Bitcoin transactions. Bitcoin has no government affiliation, central authority or banks. It’s based strictly on peer-to-peer technology.

Why Bitcoin?

●It's decentralized

●It's easy to set up

●It's anonymous

●It's completely transparent

●Transaction fees are miniscule

●It’s fast

●It’s non-repudiable

●Secure

How to get Bitcoin?

●Buy on an Exchange

●Mining

●Accepting (Merchants)Owning BitcoinsBitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

Pros & Cons

●Security and more control over your money

●Most merchants are not accepting at the moment

●No third party involve in a transaction

●Bitcoin value is highly unstable

●Bitcoin amount is fixed to $21M which will be fulfilled by 2140

●Bitcoin acceptance are growing significantly

Bitcoin Price

Bitcoin Future

●Daniel Masters, a co-founder at the multi-million dollar bitcoin hedge fund, predicts that bitcoin will hit $4,400 by the end of 2017

●China is heading towards Bitcoin

●More top merchants will accept bitcoins in near future

●Maybe Bitcoin ended up as “Property” not a “Currency”

How to invest?

Buying BitcoinsMining

Wallet Security

CoinbaseBlockchain Wallet