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Everything you need to know before investing in Bitcoin

Everything you need to know before investing in Bitcoin


We have seen many incredible technological revolutions throughout the history of mankind. Guttenberg’s press helped bring books to the masses. The telegraph in its time allowed rapid communication over great distances. More recently, personal computers have greatly increased human productivity, leading to the creation of the Internet, digital communications and the advent of citizen journalism, as photos of the main events are almost instantaneously uploaded to Twitter and other social networks through of smart phones, which are small computers. Until relatively recently, however, the monetary system had remained somewhat unaffected by a breakthrough.

Before getting into what bitcoin is, it is important to know what money is and what gives it its value?

Money is either active or generally accepted as a means of payment. Some examples of money are: coins and banknotes, debit cards, and electronic transfers, among others. The value of money is the support given by the issuing entity, government, central banks, currency houses, etc.

The money must have certain properties which are:

A medium of transaction or exchange, an accounting unit, is portable, it is durable in a certain way, it is divisible, one unit has the same value to another unit, that is, you can buy the same with a ten peso coin that you have that with the ten pesos that someone else has, and it is a means of storing value over a long period of time.

Below I leave a table with the comparison of the properties that money should have, and the properties that have the money that we know, gold and Bitcoin.

If you are a lover of gold you will say that if you can store it, but it will have an additional cost to be able to store it and that it remains safe, which if it cannot be easily argued is that it is portable, since for example you cannot send or transport easily say $ 50 thousand dollars from Mexico to the United States or any other country, however, with Bitcoin, you can send that amount of money anywhere in the world in just minutes. And one of the biggest differences that Gold and Bitcoin have against any fiduciary currency is that Gold and Bitcoin are scarce, however, any other currency such as Peso or Dollar is not, central banks and the government can create the amount of new money that came into circulation as they see fit, thus creating the well-known inflation, even in some countries have come to create hyperinflation, if you were not in one you can ask your parents.
I understand that changing the paradigm of cash and having something tangible in your hands to have it in a digital medium that you still do not understand is scary, that is why this article will be very useful to understand this new and innovative financial system that grows by leaps and bounds, and although you have not noticed, you have been moving little by little to that paradigm, nowadays, in the bank you have only a numerical amount that represents the money you own, but what percentage of it Do you have at the same time in your hands?

Did you know that only 8% of the world’s money exists in physical form, the rest is in electronic form?(30 interesting facts about money) Interesting, do not you think? To begin to understand a bit of what Bitcoin is about you have to understand a couple of concepts.





  • Mildred Mill

    I had no idea how bitcoin worked

  • Benjamin Cobb

    Awesome

  • Ruka

    Thanks for the info. The high volatility of bitcoins price does not seem attractive to me so I won’t be investing in them.

  • amy

    Ummm too complicated

  • Janet Graham

    Interesting read

  • Darlene Harding

    Informative

  • Benjamin Reveles

    Hmmm

  • Kathryn Clark Ingersoll

    I hope you give me the diamonds that I was promised for reading this article because I only do business with honest companies

  • Alecsandra Ribeiro Cavalcante

    Interessante

  • Melanie Roy

    Excellent

  • CEM

    Learned something new.

  • Ellen Little

    Informative but complicated

  • Yours Truly

    Learned a lot of from this article.

  • Jane doe

    Learned a lot

  • Darcy Stephen

    Here

  • Yt

    Interesting

  • Ellen Little

    Fascinating

  • Brittany

    This is great info! Thanks for sharing

  • Loraliforanimals

    I have always wondered aboutl bitcoins

  • Donald

    Thanks for the info

  • Nérd Marshall Houle

    That’s good

  • Kristen Clougherty

    Cool.

  • adele

    Hummm ok

  • Julie-Anne Trottier

    Great article

  • Interesting

  • Janet Marie

    Humm

  • kathie

    oh ok

  • Sadie Taylor Bippies

    Very informative

  • Wanda M. French

    Ok

  • Jessie

    Good

  • Jessie

    Good deal

  • Jessie

    Dkne

  • Jf

    Jj

  • Tonya Matthews

    Very imformal

  • Audra Chelise Marie

    Interesting

  • Tina

    Cool

  • Jennifer Keown

    Technology is amazing. I will consider investing in Bitcoin. Thanks!

  • Bo

    Cool

    • Kwistine

      Yep

  • Colld

    Cool

  • Katty

    good

  • Jack

    GOOD

  • Kwistine

    Hello

  • Mia Rue

    Very interesting, technology is rapidly changing and this is an investment that seems to have an additional advantage financially.

  • curtis dreger

    Good info

    • Bob

      Big $$$ Danger !!!! Use Caution

  • Carlos Robinson

    Advice

  • Jhon

    Nice

  • Kwistine

    Very interesting, Now I can say that I know how bitcoins work

  • Patrick

    Very informative, thank you!

  • Pamala Plechus

    Very informative.

  • Rime

    Interesting

  • Janet

    Now I think I understand. Good article.

  • Gina Q

    Very interesting

  • carol

    Great article

  • Remma

    Interesting

  • Remma

    Very interesting

  • vinooo

    rshdhdgr sgdgdgd ddvd

  • Skylar

    Good to know, been hearing so much about Bitcoin except how it works exactly

  • Kim Oliva

    Thanks for the info, although I find it very risky.

  • Chandra Hicks

    Interesting article

  • Annettw

    Very interesting reading. I’ve seen headings regarding Bitcon in magazines, wondered what it was all about, & I actually passed this info. on to my husband. Thank you

  • Maiah Clark

    Wonderful article

  • Lowly Carb

    Good info

  • Patricia Hughes

    Great article

  • Andrée Naud

    First I hear about it

  • Lora Stone

    Good info

  • Jp

    Great

  • LaTonya N Rencher

    I always wanted to learn the in’s and out’s of bit coin . Thank you for your very useful information.

  • Nads La Tannante

    Cool info

  • Shiny

    Greag

  • Beatrice Coleman

    Bitcoin article completed reading.

  • Carolle Moosaie

    Good to know!

  • Judith Wash

    Thinking about investing

  • Kim

    Always interesting to learn where to invest

    • Soly

      me too

    • Jamie Eagan

      Agreed

  • Xori

    Intersting investment idea

  • Katty

    good

  • Juan

    Real interesting. Thanks a lot.

  • Judy Sparks

    Interesting

  • Shirley

    Great to know

  • Val

    Intriguing! It’s always good to have knowledge of what’s new to invest in and/or look out for!

  • Cathy Flory

    Interesting

  • Donald

    Looking for my diamonds

  • Czee

    Good info

  • Randy Smith

    Awesome

  • Quayshana Alexander

    Interesting

  • Denzel Jolliff

    Not sure about this, but it is interesting.

  • Kim Winkelman

    It’s always interesting to read about bitcoin

  • Judy Sparks

    I learned a lot with this article.

  • Darlene Daniels

    Good info

  • Luna Mccoy

    Not for me but interesting read

  • Celeste Dias

    Still like real coin

  • Ellen Little

    Great article!..ALOT of information to think about!

  • Kim

    Good article

  • maggieinmobile

    Thank you. Very informative!

  • Jem

    Good info !

  • Judith Wash

    I’m thinking about using bitcoins

  • Elizabeth King

    Sweet

  • Kiera

    Useful Information

  • Sharon Buckler

    Ok

  • Fay Steele-VanDyke

    Thanks for the info

  • Schiap

    Interesting..

  • Schiap

    Very interesting.

  • I need I need I need I need I

    Hello there

  • Nancy Tolin

    Good to know!

  • Hailey

    Good to know and interesting

  • Alyssa

    Cool

  • Shanna Perkins

    Interesting

  • Lucy

    Wow

  • Katie Laz

    Great article very helpful

  • Wanda Sparks

    Interested

  • Marlen Maral Gerardo

    Cool

  • Teresa

    Great thing to learn with technology growing in the future

  • Candy Lightle

    cool

  • Candy Lightle

    ciol

  • Cynthia Lowery

    I would like to know more

  • Win Brandy

    Good article

  • Takara

    New suggestion our good on new technology

  • Ashley Kay Brown

    Ill sticl with cash

  • lynda ouellette

    I wish i could have invested in this currency when it first became avaibile because now i cant afford to invest

  • luke

    i wan want kne

  • Sherri

    Informative

  • Hannah

    Nice

  • Leah

    Interesting

  • Jasmine

    Good info

  • Money

    Good article

  • ruth

    Not sold on the idea

  • Rew

    Something to think about.

  • Hm

    Hm

  • Staconey Palmer

    Informative

  • Cynthia Lowery

    Very interesting.

  • SNESYou

    Decent

  • Goody

    Very good information to learn today

  • Pimp C.

    I will stick with my cash I like cash a lot better I know what it is and I know what it can do

  • Dan Bowser

    I read the article, there sounds like a lot of good with bitcoin ,maybe too good!

  • Tanya choma

    I think the bitcoin is great idea. Unfortunately I don’t make enough money to use them

  • Vergie Reyes

    Interesting!

  • Anick

    GOOD info

  • Luzmila

    VERY good info TY

  • robin cochran

    Still confused

  • Steve Soltani

    Cool

  • Crys Weiss Burrall

    So confusing.

  • Judy Salazar

    Judy Salazar

  • Judy Salazar

    I nteresting concept for businessmen investors and financiers who deal alot with computers and money.

    • Reader

      Old article

  • Harley

    Amazing, thanks for the thorough explaination.

  • Vony Bedford

    HMMmm

  • Crystal

    Interesting

  • Debbie Hewitt

    Interesting! Amazing what is available in the world of cashless society

  • Deb Ingberg

    interesting idea.

  • Clinton Rausch

    Article could use an update.

  • Mudmonkey Sparks

    Kool Thanx

  • Hanna Crowley

    Thanks for the information!

  • Thanks

  • Doodle bug

    ..

    • Donte Mathews

      Whoa

  • Tooto

    Good info

  • Bo Foster

    Nooo thanks

  • Jj

    Wow

  • Valerie Brown

    Interesting

  • Cia Condo Short

    Interesting , needs to be simplified a little more.

  • Kristian Guerrero

    Cool

  • Melly

    Interesting

  • Kate

    Interesting

  • Sharon Smith

    Sounds risky

  • atran64

    Interesting read

  • Judith Wash

    Interesting article on how to informative

  • Mia

    Not bad

  • Crystal

    Very interesting read

  • Interesting information

    Interesting information

  • Tisha Chapman Ayers

    Interesting

  • Sheila Grandy Dawley

    I always wanted to know what and how a bitcoin work a.d if it was more risk to own them and mine them ,well now I know it all . THANKS

  • Jocelyn Marie

    Interesting

  • James Gueulette

    It’s something to think about. Food for thought

  • Tisha Chapman Ayers

    No diamonds

  • Tisha Chapman Ayers

    Diamonds

  • sheilmae73

    I RE-READ THE ARTICLE AND JUST IN CSE I MISSED ANYTHING
    AND I DIDN’T I DON’T THINK I HAVE THE MONEY TO BUY OR INVEST IN. ITCOIN IF I WANTED TO.

  • Tiffany Reed

    Just learned stuff

  • Jeanneatte Norman

    Cool

  • Stevan Senter

    The hell? Still, interesting.

  • Stevan Senter

    Pffft.

  • Shawn Hunter

    Good info

  • Heather Beckley

    Very informative!

  • Lauren oli

    Interesting

  • Heidi Quayle

    Here for diamonds but learned a lot! Bonus!

  • Heidi Quayle

    Thanks

  • Jenny

    Read it and it’s a good read

  • Deb Reed

    Interesting…

  • Candace Wilkins

    Interesting

  • Val

    Good information. I don’t have abilityto invest right now.

  • Marc Rivers

    Very good article

  • Angela Altenpohl-Davy

    Interesting read.

  • Dastabe Gawrae

    Thanks for your good article

  • Trina

    Now I know what I got to do if I’m interesting in investing.

  • Nancy Tolin

    I have already went through this process without receiving my diamonds. Did learn something the second time around. Please give me my diamonds!

    • Leila

      Went through this twice and no diamonds!!! I want my diamonds too

    • Cyriane Pierre

      I agree with you Nancy! You’re right!

  • jo_ann_leonard

    This better work.

  • Tamara Vidal

    Interesting

  • Steven Matthews

    Nice

  • Clinton Rausch

    Blockchain is the future.

  • Anon

    awesome

  • Danielle E

    I’m trying to get free diamonds from a game I’m playing. It never paid out the last time I read so if it doesn’t this time I’m going to have to figure out how to properly complain since it’s only been the 20 or less that regularly pay.

  • Fuckoff

    Nope……

  • Kate

    Interesting to learn something new!

  • Sarah

    Well written article. Informative and articulate.

  • irene

    interesting…

  • Deb Lee

    Interesting

  • RamRam Awad

    Ohh yeah

  • Wendy Cooper

    Cool beans

  • Lis Hoberg

    Very interesting

  • Deb Reed

    Most interesting

  • Angel

    Interesting

  • Kimmy Daniels

    Sure like to learn even more sounds good

  • Pat Larimore

    Interesting

  • Tan

    So good to know!

  • Tan

    Good to know!

  • Darlene Faison

    Interesting. Going to try it out.

  • Sharon Buckler

    Interesting

  • thaynara Alves

    Adorei a matéria

  • Amy

    Interesting. Will have to do some more research on this.

  • Bo Foster

    Well i guess if your willing to wait,while profiting someone else while u wait

  • Teresa Kidd Scarbrough

    Very interesting!

  • Theresa Jacobs

    Interesting

  • Me

    Cool

  • Alison Sass Capron Kennett

    Interesting, but confusing to anyone not tech savvy

  • Cindy Baird

    Sounds pretty good.

  • Melina Cuevas

    Good to know something i did not know

  • Diana Gonzales

    Still confused

  • Tisha Chapman Ayers

    Nice to know

  • Yvonne Stewart

    Interesting, but not desirable to me.

  • Heidi

    Good info

  • A

    will be buying bitcoin and also recieve my app diamonds!

  • Deb Lee

    Hmmm

  • LaVerne

    Great

  • Gretchen E. Hayes

    Thatta boy

  • Polly

    Nice

  • CB

    Interesting article

  • Judith Wash

    Thinking about investing

  • James B.

    Interesting

  • CCottle

    Investing is always a risk. However, this is very interesting

  • Jewel

    Still don’t trust, a lot of unknowns.

  • Tonya Hendersob

    Interesting article

  • Tisha Chapman Ayers

    Nice to know

  • Janna Ream

    Interesting, but still scary.

  • Lala

  • Lisa

    Cool

  • Well done

    Well done

  • lynda ouellette

    I believe investing in bitcoin when it first came out would have secured a heavty investmest but im not sure about now

    • lynda ouellette

      Mamabea19231

  • Tanja

    Great info!…
    Thanks!…

  • Justine Cat

    Informative thanks

  • Tracy Dawn

    Right on ..thank you

  • debeb

    Hmm

  • Toni Napoli-Pugh

    Interesting where to put someone’s money .

  • Claire B

    Hmm..

  • Robin Bode Hughes

    TAPjoy please give me my rewards! Obviously I read the “bitcoin” article but I ALWAYS have to fight for the rewards! I hope other players & your advertisers read this! Maybe you will finally stop trying to cheat us!

    • Ukyo The Shinigami (Wasabi Amb

      I want mine too.

      • Leo

        Agree

        • Bailey

          True

          • Jason Lee

            No reward for me

    • Angela Williams

      AMEN!!

      • Amy Mendoza

        Mabe

      • Good

        Ya

    • Girl

      Me to

    • beentheredonethat

      You have to take screen shots of at least the last page (for articles, to prove you read it all) and submit a ticket to them. Then they’ll give you your reward. Always take screenshots of the offers you do (or save emails they send, or take a screenshot of the app running that you installed)!

      • Joanne Eaton

        Thanks . I’m trying that process now.

    • Jennifer Smith

      I do agree this I did the slots up to level 20 and past it 3 times ridiculous hope they read these tapjoy Needs to give the diamonds that they say they are giving when they’re having us read these articles

    • Lorie McNeal

      same problem I have EVERY time!

  • Brian Frazer

    She sucked my cock so hard i shot bitcums into here mouth

    • Jackie Sorensen

      Idiot

  • Me

    Good luck with tapjoy!

  • Diana Gonzales

    I still can’t wrap my head around it

  • Jacqueline Young

    Thanks for the info

  • Bob Nal

    Mhm…

  • Charlene Swanson

    Interesting

  • Chris

    Was a good read.

  • Meliki Stinnette

    Good information.

  • Lori Godwin

    Coins

  • Ticey Cooper

    Very informative!

  • No

    Cool
    Awesome
    Well juste D two

  • Jackie Sorensen

    Very interinteresting…now give me my diamonds..lol

  • Tracey Beth

    Very interesting.

  • Glenat Duxbury

    Interesting

  • Nancy Davenport

    Clear as mud.

  • Nancy Davenport

    Still don’t understand it.

  • Tes

    Great

  • Tes

    Good

  • Tes

    Ok

  • Nancy Davenport

    Interesting.

  • Xiomara Rosario Mora

    This article is decent very interesting

  • Rocky

    Good info!

  • Jessica Temple

    Thanks

  • Gail

    Thanks

  • Cassie Gudvangen

    Yep

  • Amber

    There were so many grammatical errors in this, it was actually difficult to read in parts. Not very professional.

  • Dana Weathers

    Thanks for the information

  • Tisha Chapman Ayers

    Informative

  • crftyldytoo

    Forget about it!

  • Jeannette Farnsworth Corolis

    Ummmmmm, rewards???!

  • April Shearer

    Not sure.

  • F u

    Bullshit article

  • Kmeg

    Informative

  • Daniel Martin

    My life is now complete

  • Brandy Nesheim

    I have fought with them to its a outrage !!!

  • Brandy Nesheim

    They never pay w/out a fight! It’s a outrage

  • Brandy Nesheim

    They never pay

  • April Shearer

    I agree with robin. They cheated me out of Disney coins! They said I never got back to them in time! I did answered them the same day they emailed me to prove I signed up! THEY ARE NOT TRUSTWORTHY!

  • Sheryl Gardner

    I don’t think this is for me

  • Daniel Martin

    Learned nothing

  • Senorina Gutierrez

    Decent

  • Jade

    Cool

  • Senorina Gutierrez

    Ok

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Decent

  • Senorina Gutierrez

    Ok

  • Greg Bush

    It’s nice to know the smaller details of bitcoin. I have a bitcoin wallet but I haven’t used it much because I was insecure about the whole concept. Thanks for the info.

  • Greg Bush

    I liked the article, but I was also expecting to be rewarded for reading it in diamonds for a website I normally visit. Too bad the weekday times doesn’t live up to its obligations.

  • Senorina Gutierrez

    Excellent where my diamonds

    • ukhbssn

      ikr same here

  • Geye

    Ok bitcoin

  • Bailey

    Interesting

  • Girl

    Want my b points

  • Senorina Gutierrez

    Interested thank you can I please have my diamonds now

  • Sara Brown

    Not interested

  • Senorina Gutierrez

    Good

  • Sjjskdjdiwlwl

    Wow very informative

  • Senorina Gutierrez

    Ok

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Good information ty

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Ty

  • Kylie

    Wow such decent info

  • Bit bob

    Go bitcoin

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Good my diamonds please

  • Senorina Gutierrez

    Ok

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Ty very good

  • Senorina Gutierrez

    My diamonds please

  • Tisha Chapman Ayers

    Interesting article

  • Senorina Gutierrez

    Good Article

  • Senorina Gutierrez

    Very good

  • shelly

    Interesting read

  • Senorina Gutierrez

    Good

  • Jennifer Smith

    Great read!

  • Christine Laforge

    J’ai adoré cet article et je suis contente d’en savoir plus sur les bitcoins

  • Senorina Gutierrez

    My diamonds please

  • Senorina Gutierrez

    This app doesn’t give diamonds it’s only promotion I want my diamonds doesn’t give any rewards

  • Ericafethers

    Great!

  • Agreed

    Agreed

  • J C

    Interesting!

  • Andrée Naud

    Interesting article!

  • Tim Nevil

    very good….

  • Judith Wash

    Thinking about investing in bitcoin.

  • Brandy Woods Mullins

    It worked?

    • nettie

      Does anyone ever get the rewards? Waste of time reading the article for nothing!

  • Senorina Gutierrez

    Want my diamonds please I finished reading your bitcoin

  • Karen Cousins

    Enlightening

  • Choc

    Okay,I get it!

  • Ruby Thompson

    Good article

  • Skrt

    Idk if this works or not

  • Jo Ann Johnson

    Bitcoin sounds great but the risk is too great for me to invest. I can’t afford to loose money. It was informative, but no thanks.

  • Senorina Gutierrez

    Good

  • Senorina Gutierrez

    Good

  • Yvette Gordon

    Bit coin is confusing and I will need further research on this

  • Cathy B

    Very interesting but I don’t think it’s something I want to pursue.

  • Nads La Tannante

    Intéressant