Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What do you know about bitcoin?

user-image
Question added by Omar Nouri , Reports & Dashboard Specialist , IKEA SA - Ghassan Ahmed Al-Sulaiman Furniture Trading Co. Ltd.
Date Posted: 2017/07/13

Look, it's actually good that you're thinking about it, because there are already great solutions that you can use for business. I really like the coinspaid crypto wallet and the crypto processing https://coinspaid.com/processing/ it offers. It will give you the opportunity to work with a large number of clients, invoicing in cryptocurrencies without risk, and also work around the world with truly reliable methods of processing cryptocurrencies. In general, there are opportunities, and there are many of them, you just need to use them.

Personally, I don't know anything about bitcoins, but my friend got me interested. Once he says something about cryptocurrency it's impossible to stop him. I mean, it's great that he's so passionate about it, and he even tried to make me use the Bitcoin Evolution system and invest with him, but I refused, and now I wonder if I should have asked him to introduce me to the crypto world.

Muhammad Fathy Abd El Fattah Abou Hashish
by Muhammad Fathy Abd El Fattah Abou Hashish , IT Specialist - Database Administrator , Federal Arab Land Transport (Super Jet) Co

What Is Bitcoin? Everything You Need to KnowYou’ve likely heard of bitcoin, the digital currency that’s recently been thrust into the spotlight. The baseline idea, despite layers of complicated, tech-y specifics, is simple: What if there was a standardized currency that could be “mined,” like gold, and used anonymously across the World Wide Web and in select real-world locations? Users keep bitcoins in digital wallets—perhaps not so different in concept than the PayPal account you keep dollars in—and spend them like any other money.That bitcoins have suddenly received so much attention is important for several reasons. For one, it signals a strong desire felt by many to break free of traditional banking systems and “own” their money in a way that isn’t possible with, say, a credit card tracked by CHASE. If businesses take interest in this young currency, there could be an impact on the financial markets. Bitcoins also represent an interesting evolution of our lives in cyperspace: Who’d have thought, when they first hooked up a beige Mac to a dial-up modem, that their computer’s successor would one day generate intangible data with actual monetary value?Of course, bitcoin isn’t quite the hot new thing mainstream media would have you believe. It broke onto the scene in 2009 after a Japanese programmer who uses the name Satoshi Nakamoto published a proof of concept, and it really gained steam a year later, when developers flocked to the project. By the end of 2011, bitcoin was established enough in certain circles to spark an expose on Gawker about people using the currency to buy  illicit substances, and a Wired feature titled “The Rise and Fall of Bitcoin.” Then the hubbub died down—until early 2013, when Coinbase, a bitcoin “wallet service,” reportedly sold $1 million in bitcoins in a single month. That’s big money, and the real-world market took interest.The video could not be loaded, either because the server or network failed or because the format is not supported.Now, fresh articles on bitcoin are commonplace, but without a filter, they can be a tricky mess to work through. Here’s what we recommend for readers who want to grasp the basics:• Bitcoin Explained by Duncan Elms: This cool video does a good job summarizing the technical details of bitcoin in under 4 minutes and is an ideal place to start.• The Bitcoin Boom by Maria Bustillos: Here’s a detailed look at the real-world ramifications of bitcoin, examining how some people flocked to the digital currency after financial shake-ups in their home countries. Bustillos also offers key insight from some of the people behind bitcoin.• Will Bitcoins Make Me Rich? by Farhad Manjoo: A first-hand account of the somewhat sketchy process of actually buying bitcoins, this piece also glances at the risk behind this “digital funny money.”• Meet the Bitcoin Millionaires by Max Raskin: They exist! But it’s probably too late for you to become one of them. Here’s what they have to say.• Yes, People Are Hoarding Bitcoins by Zachary M. Seward: This is a visual look at the bitcoin market and how supply/demand works within it.• These 7 Bitcoin-Mining Rigs Show How Far Some People Will Go For Virtual Money by Fernando Alfonso III: Curious to see what kind of equipment you need to actually “dig” for bitcoins? Here are photos with explanatory text.• Fool’s Gold by Eric Posner: Finally, a cautionary look at bitcoins—Slate writer Eric Posner thinks the whole thing resembles a Ponzi scheme and predicts the collapse of the digital currency. Food for thought. • Mt. Gox Files for Bankruptcy by Mark Memmott: Here’s what happens when one of the world’s biggest bitcoin exchanges goes down—people lose millions.

It would be great to be able to use cryptocurrency to grow my business. At the moment I'm looking for opportunities for this.

All I needed to know about online cryptocurrency dice gambling on this site https://duckdice.io was that it is really verified, reliable and payouts are almost instantaneous. If you are looking for an option to win crypto quickly, then this site is just the perfect solution. All popular virtual coins can be used as bets, so I advise you to join and test.

Actually, I invest every day, but I want to get some advices and quotes about it as well. If someone can share with me some interesting information, I will be happy. 

Daniel Edwards
by Daniel Edwards , Writer , eBay

Cryptocurrency is now one of the leading niches in the market, more and more people work with it and trust it. I recently found this site https://tabtrader.com/blog/kirill-suslov-top-tweets-2021 that helps to read some 5 tweets from the creator of this platform. That was quite interesting to read it. Try to do that either. 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.