Bitcoin Course: Understanding Finally Concept:
In this course bitcoin I will try to explain everything to you trying to circumvent the technical aspect too complicated and confusing if you can find in other articles.
Most of us have heard of bitcoin in many blog. We all know that this is a kind of " virtual currency " with which we would be able to conduct transactions on the Internet. And that's all !
This concept is still mostly a bit "ambiguous" and totally incomprehensible to others.
First and begin should answer the ultimate question:
What is "bitcoin"
The bitcoin is simply a currency or money (even easier to understand!) For purchasing goods or services.
It can also stored (ie the virtual savings). It can be obtained by selling goods or providing services.
For example:
If you work as a freelancer you may be paid in bitcoin.
As real money, virtual currency that has a concrete value: 1 Bitcoin = 313.6 Euros .
However, the bitcoin has no physical existence (which confirms that "money has no smell or color") and it does not prevent you transfer it to the account you want and perform operations like book a hotel room, order a pizza or even buy a car.
The history of the Norwegian who is paid a flat thanks to Bitcoin may be the best evidence of the usefulness of this virtual money.
As agreed this explanation helps you clarify a little this concept of bitcoin.
In what follows, I will address the subject in a more structured way and answer questions as
" What can really serve the bitcoin? " or
" How to get bitcoins? " or
" How to use Bitcoin? ".
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Your First Steps With Bitcoin:
The difference between "Bitcoin" and "bitcoin"
Note that bitcoin with a "b" tiny refers to the currency Bitcoin as with a 'B' capital refers to networks using Bitcoin as the currency of payment.
The logo of Bitcoin:
The bitcoin logo is: Ƀ.
The abbreviation of bitcoin is BTC or XBT as EUR for Euro or USD for US Dollar.
The subunits of Bitcoin:
The bitcoin can be divided into several units and up to the eighth decimal or 1 bitcoin = 0.00000001.
However, there are conventional subunits such as:
The centibitcoin (c ฿): 1 bitcoin c = 1.00 ฿ in other words ฿ 1 c = (1/100) BTC
The millibitcoin (m ฿): 1 bitcoin = 1.000 m ฿ in other words ฿ 1 m = (1/1 000) BTC
The microbitcoin (μ ฿): 1 bitcoin = μ ฿ 1,000,000 in other words 1 μ ฿ = (1/1 000 000) BTC
Now that you have become able to decipher this "gibberish" move to a truly worrying issue:
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Do You Really Who Controls The bitcoin?
This question is very important as or pay with real money can perform all possible operations without barriers (which is not always true!)
And above all without having to scramble to use an unfamiliar currency with a system that could be insecure while the established systems are confirmed, known, secure and do not have to prove themselves!
The answer can be summarized in three vital points:
The use of bitcoin is totally free which allows transactions without additional charges.
The Bitcoin can be used with complete anonymity .
The bitcoin became an official currency on the web convertible into any other currency .
In addition, the number of companies and online stores that accept negotiations and transactions with Bitcoin is increasingly important.
This allows to perform many operations from the simple fact of ordering a dish to eat up the opportunity to buy physical goods delivered at home.
But the great advantage of Bitcoin is that it is not controlled by anyone!
There is no tax system or the banking system that can control the flow of transactions and the amount of money spent.
This in itself is a double-edged sword especially for criminal activities (had to say it! Because being aware of the danger can prevent it).
It is also essential to know that the value of Bitcoin is very unstable which can land you to be a millionaire today to become completely broke (in terms of Bitcoin course!) The next day.
Speaking of million and wealth, it is necessary to know the true value of bitcoin.
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The bitcoin the Monetary Value in Euro:
The value of bitcoin is essentially determined by the users in so far as is it finds utility.
=> This is the concept that has made Bitcoin an independent and functional currency.
In fact, Bitcoin has value because it is used frequently and thoroughly: this is what gives it a financial impact.
The need to use this virtual currency is what determines its "natural value".
Today 1 BTC worth 310.6 EUR , USD (US Dollars) it is 335.9.
Certainly it is very significant and this gives to dream, but be aware that the transactions in bitcoins are always carried out in units which eliminates the idea that we could do and suggested that Bitcoin is money easy.
Also note that the value of Bitcoin is very unstable and it is constantly subject to several exchange rate which involves regular changes.
And above all keep in mind that the value of bitcoin exclusively depends on the users and specifically virtual markets in which it is used.
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How to Use the bitcoin?
Before you begin, consider that a transaction with bitcoin is IRREVERSIBLE .
Always make sure you deal with the right person and to understand the amount required for each operation. There's really no cancellation option. Never forget!
That said, on to the answer to our question is how to use bitcoin?
Imagine that someone owes you 10 €.
To pay this amount of money will literally move to your portfolio.
=> This is exactly what is happening in virtual. The bitcoins move from one portfolio to another.
So it is essential to have a Bitcoin wallet.
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What It That Bitcoin Wallet?
This is a free application allows you to manage the movements of your bitcoins. This application can be installed on your computer or on your smartphone to help you manage your budget bitcoin the maximum possible.
Multi-bit HD is a purse designed to start with the concept of bitcoin. It is very intuitive and the grip is not difficult. You can even follow the video tutorial provided on the site.
If the installation was successful you will have the following interface for you:
As you can see above the bitcoin wallet is empty. To fill you must have what is called an " address bitcoin ".
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What is a Bitcoin address?
A Bitcoin address identifies you uniquely able to transact with virtual currency.
It is automatically generated by the application you have installed as a portfolio.
The creation of a bitcoin address is performed in 2 steps:
A public key is calculated using a private key to generate the address in question.
The same address is displayed in ASCII code including only alphanumeric characters (uppercase and lowercase letters and numbers) without character i, i, o and O to avoid confusion when entering.
Here is a bitcoin address: 1H3ySjr1tl64VxhF1yW7skP5fmyNNKpn22
It is important to remember this code.
There of course are many ways to save it, you are free to choose one.
This address can also be generated as a QR code to facilitate its use especially for smartphones and tablets.
To view your bitcoin address and other options, click the " Managing the Portfolio " and then the " Portfolio Dashboard "
Beware of Bitcoin (note the "B" capital! There is now talk of Bitcoin network) or portfolios in line because they store your bitcoins and there is no insurance against the loss of your "money" because of bug or improper handling or in any scam.
Only use networks confirmed by other more experienced users than you are.
The next part of this guide focuses on sending operations and receiving bitcoins.
One of the necessary conditions to start is to have bitcoins.
You can purchase several ways.
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How to buy bitcoins:
Buying bitcoins is mostly a matter of patience, perseverance and intelligence.
We must be patient especially for the Francophone community that has not yet fully embraced the concept of BTC.
You can get virtual money by working or selling goods or even for free.
It depends on your investment of time and resources.
Earn Free bitcoins:
This is certainly the most coveted method.
It is possible with some sites offering bitcoins as a reward to the fact to respond to any issues with the theme surveys or statistics.
Always be careful not to get involved and be scammed to steal your personal information.
Before disclosing your bitcoin address and your private data are searching and carefully read the comments of other users.
This kind of site is called " bitcoin faucets " they are becoming more numerous but the remuneration is minimal and to earn a consistent amount should perform hundreds of tasks.
The site bitcoin.fr offers a list of "Bitcoin faucet" sorted by consumer reviews.
Of course, there are other similar sites:
Bitcoinget.com
Freebitcoins.com
BitcoinFaucet
srbitcoin.com
btcfaucet.com
earnfreebitcoins.com
Being Paid in bitcoin:
To gain more bitcoins quickly, you can work and be paid accordingly with virtual money.
For this you must first look for companies and communities able to pay you bitcoins.
There are several job listings for freelance offering the possibility of being paid in BTC although most is tailored for the US (We still have a way to go!).
Always take the time to check the exchange rate being not to have bad surprises about the importance of the amount paid compared with the work done.
If you have a product to sell, also targeting communities that pay in bitcoin. Better if you already have a trade up , let people know that you agree to be paid by BTC. The product in question can be an ebook, video training, an exclusive product of your creation, any affiliation ...
Donations are also a possibility, just give your bitcoin address for one pays you any money.
How to buy bitcoins Without Make Scamming:
The easiest way to start and have a minimal amount of bitcoin especially for understanding the concept of transactions with this currency is to buy.
There are several websites offering the opportunity to change your physical silver BTC.
One of the sides is Kraken allows to buy, sell or trade virtual currency.
The bitcoin.fr site offers an exchange list of sites that is updated regularly ranked due to consumer reviews.
The principle of purchase is very simple:
After registration on the site in question, select which operation you want to achieve.
You need to provide some information (which will remain private) and when the transfer is completed you receive an alert on your email.
The operation does not take more than one or two minutes.
Take the time to transfer your money directly to your wallet and never leave a large sum on accounts of this kind of exchange sites.
To start, buy small amounts: on average 1 thousandth of a Bitcoin worth around EUR 40 , which is common and quite normal.
How to send bitcoins quickly:
Now that you have a Bitcoin budget (however small it may be) you really want to spend it! This is the simplest part of the concept!
Using the application that manages your portfolio, go in the " Send ". You must enter the address where you send money and secure the required amount.
In the " costs " put any tiny and insignificant sum. This role is to speed up your transaction and to prioritize.
It is good to know that a transfer within 3 days after which your portfolio will not confirm it.
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Some Useful Addresses To Start Immediately:
In addition to the current bitcoin here are some useful addresses for further reading:
Never rush when you receive offers enticing if they brush against the scam! Check sources in researching the company concerned and comparing different from other users.
If your computer has a broken system that could display any error during a transaction, try to remedy before using bitcoins because each transaction is irreversible and the only problem you could lose money.
Here are some useful addresses:
Bitcoin.fr : The reference site for use bitcoins for the francophone community.
Bitcoincours : This site tracks the BTC exchange rates in real time.
Kraken : This site allows you to buy, sell or exchange bitcoins.
Bitcoinget : This site allows to earn bitcoins free.
Xbtfreelance : This site makes finding paid work opportunities in BTC.
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Conclusion
The Bitcoin has become increasingly used, especially in the USA.
In France, we are just beginning to see in the impact and especially enjoy the utility.
With this bitcoin course, you will take the first step and begin to discover another aspect of e-commerce and virtual practices to make money and be active on the web.