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    Bitcoin Breakthrough: The Beginners Guide to Bitcoin Profits
    Bitcoin Breakthrough: The Beginners Guide to Bitcoin Profits
    Bitcoin Breakthrough: The Beginners Guide to Bitcoin Profits
    Ebook53 pages39 minutes

    Bitcoin Breakthrough: The Beginners Guide to Bitcoin Profits

    By Carl Adam

    ()

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    About this ebook

    There have been fortunes made through Bitcoin investing and trading. But it is not a get rich overnight situation. You need to develop an investment plan and only make investments that you can afford.

    Although Bitcoin is a volatile commodity it should be possible for you to make a good return on your investment if you follow the advice in this guide. While there are no guarantees with any form of investing, the advice provided here has worked well for others in the past.

    Reading this will make you smarter – taking action has the potential to make you richer.
    LanguageEnglish
    PublisherBookLover
    Release dateJun 4, 2020
    ISBN9781716865909
    Bitcoin Breakthrough: The Beginners Guide to Bitcoin Profits

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      Book preview

      Bitcoin Breakthrough - Carl Adam

      Introduction

      Now is a very good time to take an interest in Bitcoin and invest in it. It has been going strong for 10 years and its popularity has soared. In order to make the best returns on Bitcoin investments you need to understand what it really is and how it works.

      You also need to know the best way to obtain Bitcoins and the best investment strategies. This guide will show you all of this and more. Many people think that Bitcoin is a scam but it certainly isn’t.

      However there have been some scams in the cryptocurrency world and you will find out how to avoid these and stay safe in this guide.

      We have worked hard to ensure that everything in this guide is explained in the simplest ways. Bitcoin and the underlying blockchain technology are fairly complex but you will be able to easily understand by reading this guide.

      Bitcoin started out with a value of zero and has hit highs of $10,000. It is a valuable commodity and once you have your Bitcoins you need to keep them safe. You will learn exactly how to do that.

      Although Bitcoin is a volatile commodity it should be possible for you to make a good return on your investment if you follow the advice in this guide. While there are no guarantees with any form of investing, the advice provided here has worked well for others in the past.

      Chapter 1: What Is Bitcoin?

      You have probably heard of Bitcoin but you may not be completely sure what it is. That’s OK because by the time you have read through this guide you will know what it is and how you can make money with it.

      Bitcoin is a cryptocurrency which is another term that you need to be familiar with. The other important thing that we will explain is the technology behind Bitcoin and most other cryptocurrencies which is blockchain.

      Before we get into the details of Bitcoin, it is important that you understand what cryptocurrencies are and how they work.

      What are Cryptocurrencies?

      In basic terms a cryptocurrency is a medium for exchange online. A cryptocurrency has a number of cryptographical functions which are there to support financial transactions. Most cryptocurrencies use the blockchain technology platform (more on this a little later) as it offers immutability, transparency and decentralization.

      Cryptocurrencies are not controlled by any central powers – not yet at least. This is deliberate because the whole idea of cryptocurrency and Bitcoin is that they provide immunity from government interference and control.

      A cryptocurrency can be transferred from one person to another by using public and private keys.

      There are minimal processing fees involved with cryptocurrency transactions which are part of their appeal. Usually financial institutions have high charges for any monetary transaction.

      Cryptocurrencies were invented by accident. The inventor of Bitcoin, Satoshi Nakamoto, created a peer to peer electronic cash system and Bitcoin was a byproduct of this system. Before this there had been numerous attempts to create a digital cash system but all had failed.

      The key to the success of Nakamoto’s system was that it provided a decentralized financial network rather than the established

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