Take time to read if you would like not to waste your money if you are planning to do these in bitcoin.Nowadays, it is popular and can be the future monetary system due to its convenient approach to the economy. There are tons of reasons why we should use in bitcoin or virtual money, but the also got its logical disadvantages.
InvestmentThe bitcoin currency suddenly blew up after the last Holiday Season (Christmas break), it became ALOT higher than expected unlike the past few years. It can be caused by the demand and supply or simply economics of everything.
Advantage: If you have an extra money to save and making them big without doing anything, you can just put it in a bitcoin wallet. Bitcoins might have another price after holiday or even in every minute if you can see in
https://cryptowat.ch/ . My friends already got their money doubled or tripled by just letting the bitcoin wallet as their online bank.
Disadvantage: If you are so eager to earn money fast and then you spend mostly your money in bitcoin, then suddenly you badly needed the money you are forcedly to get the money in lower price than your original invested money. Note: Not every moment bitcoins will surely gain higher price, it could also be low. So patience if you will invest.
Earn money onlineYes it is true! You can earn money online even with or without using money to invest with. There are tons websites you can choose from that gives promising rewards or ranges of prices depends on your effort on gaining them.
Advantage: There are alone of online jobs that are connected in bitcoins, like Faucets. Faucet is where you need to solve some captchas in order to gain corresponding btc/satoshi/or their point system. It is good for people who are good at typing, reading captchas and have a bit of extra time to spend with.
Disadvantage: You can pick in many website faucets or captcha jobs widely on the internet, but there are still alot of website do not give the bitcoin as promised after the whole pointing or job system to earn money. Also, it needs too much effort to earn money here because it will take 100-1000 captchas to answer to have cash after few hours of typing or solving.
As Virtual moneyBitcoin can be used by paying bills, transferring money, saving money, and etc. You can save your money in bitcoin wallets. There are already alot of them so you should pick the best for the safety of your money and also the trusted ones.
Advantage: It is convenient to have money online and you can pay your monthly bills just by clicking and giving the information needed to process a transaction. Any where you can login your account and see the money you have.
Disadvantage: You need to be sure in every time you will try something with your bitcoin. Alot of websites uses bitcoins now but as we all know we can get scammed thru online. Research or ask someone who have more experienced with bitcoins to be assure you will not waste anything.
Thank you for reading! That's mostly i know about bitcoins. You are free to reply and give the readers to your thoughts down there.
