You must have heard of bitcoins by now due to phenomenal increase in its value and a wide media coverage given to it. Though it has been in existence since 2008, it did not gain much attention until very recently due to its volatility and many other speculations and opinions about its real monetary value.
What exactly is Bitcoin ?
As lot has been said and written about bitcoins, which can be Googled in a few clicks. In a layman’s language, it is a digital currency or crypto-currency not controlled by any government agencies like banks. It is electronic cash which can be sent without the help or interference of any financial institution. It is somewhat like PayPal, which can be used to pay for products and services that accept this mode of payment. You can have a Bitcoin wallet and start making or accepting payments just like you normally do.
How to earn Bitcoin or mine bitcoins
The real method to earn bitcoins is to mine them. However, mining is again a tricky and complex procedure that requires time, powerful computers and inclination to mine bitcoins. Alternatively you can buy bitcoins in exchange of real money and multiply them by using various bitcoin investment methods.
Want to become a bitcoin investor ?
Investing in bitcoins seems to be the latest craze among those who want to multiply their money fast. There are bitcoin exchanges, software, hardware and mediators that can help you mine bitcoins fast. Do not forget to check our next post, which will give you detailed information about how to make bitcoins fast.