…Mey here and I wrote today’s blog on Bitcoin – Get your Questions Answered About Digital Money…
…this is a timely and important blog to introduce you to Digital Currency – MONEY THAT IS INDEPENDENT OF GOVERNMENT…
…do you know what Bitcoin is?
…are you interested in finding out how to make money with Bitcoin?
…or how it is different from US Dollars and other currencies?
…how about risks and benefits?
…well, this interview with Ghen-ki Tseng, a bitcoin investor that I know, and my brother, find out answers to the simplest questions “What is Bitcoin” and “Isn’t the founder of Bitcoin in Jail?”…
Learn From The Expert on Bitcoin Andreas M. Antonopoulos
…from Ghen-ki we learned that the expert on bitcoin is Andreas M. Antonopoloulos, who calls digital money CRYPTO CURRENCIES…
…this description of bit coin is VERY TECHNICAL…
…however, it explains the nature of bitcoin and how it works…
…how it is created, how it is transferred, and how it is valuated, and why it is inflation-proof…
How To Make Money With Bitcoin?
…one of the biggest questions people who seriously look at Bitcoin are is how can I make Bitcoin profitable for me?
Short Term Bonds
…one of the interesting ways to make money is to buy some short term bonds on http://www.coinwallet.com…
…my brother showed me the rates and for one week, if you do a bond, that you can make up to 0.25% per week, meaning that if you invest $100.00 you would make $0.25 a week, = $1.00/month = $13.00/year in SIMPLE INTEREST…
…that’s a whopping 13% annually at simple interest, if you leave the interest there to grow and do COMPOUND INTEREST, then you make even more…
…here’s a WEEKLY INTEREST calculator for you to play with…
…of course, there is risk, the value of bitcoin fluctuates and the whole currency might collapse…
Currency Exchange
…another way to make money is to buy and sell bitcoin and make money on your trades…
Accepting Payments in Bitcoin
…another way is to allow your customers to pay you in Bitcoin, which will increase the number of customers that you cater too…
…my brother makes money with Bitcoin Arbitrage, and has told me not to mention much more than that…
What are your thoughts on Bitcoin?
Do you have questions?
Do you know other ways to make money with Bitcoin?
Write them in the comments below!