Everything about Bitcoin in 3 steps

in #bitcoinsmeetup7 years ago

simplifying bitcoins.png

I made a lot of articles already for Bitcoin Beginners in the Philippines, but no matter how much I try to simplify it, people are still having a hard time understanding it.
So let me try again with this one;

Why do people buy Bitcoins?

  1. It is the future of money
  2. It is accepted anywhere in the world
  3. It is the best form of investment now

How do people use Bitcoins?

  1. Better than remittance, you can send Bitcoins to anyone in the world as if your a just sending an email
  2. As a form of investment, people buy and hold it as a form of investment since most are expecting bitcoin to double its price by next year alone.
  3. Gateway to other crypto currencies, Bitcoin is the only cryptocurrency that you can purchase locally using Cash, once you have Bitcoins you can easily exchange Bitcoins to other crypto investment on the market.

How to get started with Bitcoins

  1. Download a bitcoin wallet
  2. Secure your private keys
  3. Buy bitcoins and keep them in your wallet

If you want a step by step tutorial on how to download, install and secure your bitcoin wallet, I wrote this article as a step by step guide for creating a secured Bitcoin wallet.
Bitcoin Wallet, step by step tutorial
https://medium.com/@ianmadrid/setting-up-your-first-bitcoin-wallet-with-private-key-on-your-smart-phone-1b6b57641908
If you want to know the fundamentals behind Bitcoins, read this article
WTF are Bitcoins, for absolute beginners
https://medium.com/@ianmadrid/what-are-bitcoins-for-absolute-beginners-who-have-no-clue-7b88555f09e1
If you want to know more about Bitcoins I’ve written several FREE articles that is a must read for all Bitcoin beginners, visit my website www.bitcoinsmeetup.com and scroll to the bottom to check this valuable free articles before getting started.
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