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How to Participate in the Bitcoin Economy

 

The Bitcoin economy is increasing at a rapid rate, as more and more startups enter the sphere and try to offer traditional services but using Bitcoins. You have everything from a marketplace of books sometimes referred to as Amazon style but only in Bitcoins to advertising platforms similar to Google AdSense but in the Bitcoin economy. As Bitcoin goes more mainstream, these are only going to increase in number and scope, thus presenting a wonderful chance to get on board with this at a young stage.

The big benefit from entering the Bitcoin economy now’s that you’re going to get in on this technology at the ‘innovator stage’ and you’ll have a chance to be one of the leaders. Businesses that operate in the present Bitcoin economy also enjoy a free publicity of their business within the Bitcoin community. Everything from gyft that takes Bitcoins to purchase store gift cards to EVR bar that became popular in the highly competitive bar and hang scene in New york by accepting Bitcoin as payment currency for drinks.

The advantages of being the main Bitcoin community should also be obvious — literally zero transaction fees for trans-continental money exchanges, instant transfer of money without any third-party delays and capacity to reach everyone on the planet who has access to the internet.

The tiny Bitcoin economy has already been flourishing. Now you can do the traditional micro-tasks from agencies such as CrowdFlower on the Bitcoin platform and earn your first Bitcoins that way. If you’re a business, there are plenty of good opportunities to advertise your business to the Bitcoin audience through services like Coin URL. How to invest in cryptocurrency and make money

On a personal finance front, it is best to keep a secure wallet online at one of the trusted wallet services and then start earning some small amounts of Bitcoin just to get a feel for how this economy functions and how you can leverage this. If you have access to both fiat and Bitcoin in a liquid market, there are plenty of opportunities where you can pay in one and receive in the other to get the most from your business. The market is still not perfect and there are arbitrage opportunities through transactions and goods and services.

Being the main Bitcoin economy as of this exciting stage should prove highly best for your business as well. You’ll be able to reach an audience that would otherwise be very hard to woo — the people at the technological forefronts in our society.

Learn how to get free Bitcoins online and comprehensive reviews of all Bitcoin based services and breaking news in the industry. If you’re looking to buy some Bitcoin to get started, check out my guide on Buying Bitcoins in the usa to get the cheapest possible prices if you’re based in the usa.

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