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.
I had no idea how bitcoin worked
Awesome
Thanks for the info. The high volatility of bitcoins price does not seem attractive to me so I won’t be investing in them.
Ummm too complicated
Interesting read
Informative
Hmmm
I hope you give me the diamonds that I was promised for reading this article because I only do business with honest companies
Interessante
Excellent
Learned something new.
Informative but complicated
Learned a lot of from this article.
Learned a lot
Here
Interesting
Fascinating
This is great info! Thanks for sharing
I have always wondered aboutl bitcoins
Thanks for the info
That’s good
Cool.
Hummm ok
Great article
Interesting
Humm
oh ok
Very informative
Ok
Good
Good deal
Dkne
Jj
Very imformal
Interesting
Cool
Technology is amazing. I will consider investing in Bitcoin. Thanks!
Cool
Yep
Cool
good
GOOD
Hello
Very interesting, technology is rapidly changing and this is an investment that seems to have an additional advantage financially.
Good info
Big $$$ Danger !!!! Use Caution
Advice
Nice
Very interesting, Now I can say that I know how bitcoins work
Very informative, thank you!
Very informative.
Interesting
Now I think I understand. Good article.
Very interesting
Great article
Interesting
Very interesting
rshdhdgr sgdgdgd ddvd
Good to know, been hearing so much about Bitcoin except how it works exactly
Thanks for the info, although I find it very risky.
Interesting article
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
Wonderful article
Good info
Great article
First I hear about it
Good info
Great
I always wanted to learn the in’s and out’s of bit coin . Thank you for your very useful information.
Cool info
Greag
Bitcoin article completed reading.
Good to know!
Thinking about investing
Always interesting to learn where to invest
me too
Agreed
Intersting investment idea
good
Real interesting. Thanks a lot.
Interesting
Great to know
Intriguing! It’s always good to have knowledge of what’s new to invest in and/or look out for!
Interesting
Looking for my diamonds
Good info
Awesome
Interesting
Not sure about this, but it is interesting.
It’s always interesting to read about bitcoin
I learned a lot with this article.
Good info
Not for me but interesting read
Still like real coin
Great article!..ALOT of information to think about!
Good article
Thank you. Very informative!
Good info !
I’m thinking about using bitcoins
Sweet
Useful Information
Ok
Thanks for the info
Interesting..
Very interesting.
Hello there
Good to know!
Good to know and interesting
Cool
Interesting
Wow
Great article very helpful
Interested
Cool
Great thing to learn with technology growing in the future
cool
ciol
I would like to know more
Good article
New suggestion our good on new technology
Ill sticl with cash
I wish i could have invested in this currency when it first became avaibile because now i cant afford to invest
i wan want kne
Informative
Nice
Interesting
Good info
Good article
Not sold on the idea
Something to think about.
Hm
Informative
Very interesting.
Decent
Very good information to learn today
I will stick with my cash I like cash a lot better I know what it is and I know what it can do
I read the article, there sounds like a lot of good with bitcoin ,maybe too good!
I think the bitcoin is great idea. Unfortunately I don’t make enough money to use them
Interesting!
GOOD info
VERY good info TY
Still confused
Cool
So confusing.
Judy Salazar
I nteresting concept for businessmen investors and financiers who deal alot with computers and money.
Old article
Amazing, thanks for the thorough explaination.
HMMmm
Interesting
Interesting! Amazing what is available in the world of cashless society
interesting idea.
Article could use an update.
Kool Thanx
Thanks for the information!
Thanks
..
Whoa
Good info
Nooo thanks
Wow
Interesting
Interesting , needs to be simplified a little more.
Cool
Interesting
Interesting
Sounds risky
Interesting read
Interesting article on how to informative
Not bad
Very interesting read
Interesting information
Interesting
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
Interesting
It’s something to think about. Food for thought
No diamonds
Diamonds
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.
Just learned stuff
Cool
The hell? Still, interesting.
Pffft.
Good info
Very informative!
Interesting
Here for diamonds but learned a lot! Bonus!
Thanks
Read it and it’s a good read
Interesting…
Interesting
Good information. I don’t have abilityto invest right now.
Very good article
Interesting read.
Thanks for your good article
Now I know what I got to do if I’m interesting in investing.
I have already went through this process without receiving my diamonds. Did learn something the second time around. Please give me my diamonds!
Went through this twice and no diamonds!!! I want my diamonds too
I agree with you Nancy! You’re right!
This better work.
Interesting
Nice
Blockchain is the future.
awesome
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.
Nope……
Interesting to learn something new!
Well written article. Informative and articulate.
interesting…
Interesting
Ohh yeah
Cool beans
Very interesting
Most interesting
Interesting
Sure like to learn even more sounds good
Interesting
So good to know!
Good to know!
Interesting. Going to try it out.
Interesting
Adorei a matéria
Interesting. Will have to do some more research on this.
Well i guess if your willing to wait,while profiting someone else while u wait
Very interesting!
Interesting
Cool
Interesting, but confusing to anyone not tech savvy
Sounds pretty good.
Good to know something i did not know
Still confused
Nice to know
Interesting, but not desirable to me.
Good info
will be buying bitcoin and also recieve my app diamonds!
Hmmm
Great
Thatta boy
Nice
Interesting article
Thinking about investing
Interesting
Investing is always a risk. However, this is very interesting
Still don’t trust, a lot of unknowns.
Interesting article
Nice to know
Interesting, but still scary.
…
Cool
Well done
I believe investing in bitcoin when it first came out would have secured a heavty investmest but im not sure about now
Mamabea19231
Great info!…
Thanks!…
Informative thanks
Right on ..thank you
Hmm
Interesting where to put someone’s money .
Hmm..
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!
I want mine too.
Agree
True
No reward for me
AMEN!!
Mabe
Ya
Me to
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)!
Thanks . I’m trying that process now.
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
same problem I have EVERY time!
She sucked my cock so hard i shot bitcums into here mouth
Idiot
Good luck with tapjoy!
I still can’t wrap my head around it
Thanks for the info
Mhm…
Interesting
Was a good read.
Good information.
Coins
Very informative!
Cool
Awesome
Well juste D two
Very interinteresting…now give me my diamonds..lol
Very interesting.
Interesting
Clear as mud.
Still don’t understand it.
Great
Good
Ok
Interesting.
This article is decent very interesting
Good info!
Thanks
Thanks
Yep
There were so many grammatical errors in this, it was actually difficult to read in parts. Not very professional.
Thanks for the information
Informative
Forget about it!
Ummmmmm, rewards???!
Not sure.
Bullshit article
Informative
My life is now complete
I have fought with them to its a outrage !!!
They never pay w/out a fight! It’s a outrage
They never pay
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!
I don’t think this is for me
Learned nothing
Decent
Cool
Ok
Good
Decent
Ok
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.
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.
Excellent where my diamonds
ikr same here
Ok bitcoin
Interesting
Want my b points
Interested thank you can I please have my diamonds now
Not interested
Good
Wow very informative
Ok
Good
Good
Good
Good information ty
Good
Ty
Wow such decent info
Go bitcoin
Good
Good my diamonds please
Ok
Good
Ty very good
My diamonds please
Interesting article
Good Article
Very good
Interesting read
Good
Great read!
J’ai adoré cet article et je suis contente d’en savoir plus sur les bitcoins
My diamonds please
This app doesn’t give diamonds it’s only promotion I want my diamonds doesn’t give any rewards
Great!
Agreed
Interesting!
Interesting article!
very good….
Thinking about investing in bitcoin.
It worked?
Does anyone ever get the rewards? Waste of time reading the article for nothing!
Want my diamonds please I finished reading your bitcoin
Enlightening
Okay,I get it!
Good article
Idk if this works or not
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.
Good
Good
Bit coin is confusing and I will need further research on this
Very interesting but I don’t think it’s something I want to pursue.
Intéressant
Niiice niiice
It’s too complicated for me
Interesting. .
Interesting my diamonds please
Good article…
I went my diamonds you never gave them too me
I don’t trust it
I would not invest what I don’t know