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Bitcoin Investment Information

by Esther G. Online Self Improvement
A group of like minded people come together as a community, and teach each other to invest in the smallest denominations, with the focus on educating and helping each other, to new ways of investing.
Recommended Features
  • Investing in the future by collecting one small coin at a time
  • To educate anyone to start collecting the smallest part of a bit coins, and enjoy investing
  • A community of like minded investors helping each other
  • Just take the time to watch the value of bitcoins climb, then get in
  • Five Possible levels of mutual charity based investment
Learn more about Bitcoin Investment Information»

Review on Bitcoin Investment Information

world as we know it faced a cataclysmic stock market fall. This supposedly came from the burst of a real estate bubble people had been talking and warning about for some time.

Something Died in the Financial Industry in 2009
Many people remember the crash and the death of stock investments as we know. Those who lost their retirement savings have had to go back to work. Seniors in the greeting lines and on cash registers of supermarkets today are a testimony of the death of retirement dreams in 2009.

Bitcoins Were Born in 2009
Whether coincidentally or by intention, a quiet revolution has been taking place in our financial systems since 2009 when the first alternative currency, Bitcoin, came into existence. Also called cryptocurrency, these digital currencies are making a bold statement in our financial systems today. There have been over 700 cryptocurrencies that came into being since Bitcoin was born. Many of them are trading on public exchanges. Today 1 Bitcoin also called BTC is worth over $900! For simplicity, we will stick to Bitcoins.

A Revolution is Underway
In my lifetime, I have witnessed the transition from typewriters to computers, seen landline phones almost go extinct as cell phones invade the world, and watch with dismay as email transforms snail mail into instant mail. Right now, cryptocurrency represented by Bitcoins is replacing bank notes, and if you ask my opinion, there is nothing anyone can do to stop them.
Legality of Bitcoins
The legal Status of Bitcoins varies by countries. Some countries have banned them altogether. Others recognize them as money, but not legal tender.
Australia: In 2013, the Reserved Bank of Australia decided to stop people from using bitcoins to transact in a shop if they wanted to.
Canada: Bitcoins would seem to be classified simply as an "intangible", but is regulated under anti-money laundering and counter-terrorist financing laws.
The United States of America: The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. In September 2016, a US federal judge ruled that "Bitcoins are funds within the plain meaning of that term. So, Bitcoins are a regulated commodity in the USA.
Steps to Bitcoin Investment:
The first step in Bitcoin investment is to open a Bitcoin Account.
Then funding your account
Then investment.
I will be glad to walk any one step by step through this process if there is interest.

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About Esther G. Advanced   Online Self Improvement

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Joined APSense since, December 5th, 2016, From Durham, United States.

Created on Dec 24th 2016 13:22. Viewed 742 times.

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