What is Bitcoin
Like the name suggests, it is a coin, but in digital form, not physical. It exists in cyberspace, and Bitcoin has consistently proved to be the highest crypto currency in the whole world now because everyone wants to have at least one bitcoin.
It is worthy to note that people are gradually moving away from all things analogue and becoming mired in their digital counterparts. Now, with the unsteady nature of the dollar and other international currencies at the exchange, plus the fact that the third-party money transfer networks charge a lot in order to effect international money transfers, everybody has run into cryptocurrencies. That is the new deal right now: cryptocurrencies.
WHAT IS CRYPTOCURRENCY?
It is simply money in digital form, on open source blockchain networks that allow people to trade for them with other coins or the normal fiat currencies available, or to even earn them freely of charge through websites that give out thousands of whatever cryptocurrencies they deal in; there is also cryptocurrency mining. That is what makes it perfect: it is not money you have to carry around with you in your pockets, neither is there any limits to the transactions you can make with them. They are not subject to the normal laws; nobody can stop you from trading with them; nobody can monitor transactions you make online with for example bitcoin(BTC), litecoin (LTC), Ethereum, The Billion Coin(BTC), Ripple, Monero, and other cryptocurrencies.
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Transactions with bitcoins and the likes of it are transacted on the Internet between peers_ it is peer-to-peer_ and there is nothing that can stop you. There are no transaction costs whatever; no government secret agencies can be snooping into your bitcoin wallet or your litecoin wallet. To this effect, a person can even launder huge sums of money across international borders and there is no way it can be detected.
HOW TO EARN FREE BITCOINS
When Bitcoins were introduced in 2009, they went for the ridiculous price of $0.09 dollar per one bitcoin. Now, they are valued at close to a $1,000 USD as at the time of writing this post. Imagine what it would have been like for someone to have invested a thousand dollars then in Bitcoins_ do you know how rich that person would be now? That person would be a multi-millionaire, and if you are Nigerian, then you are a multi billionaire. People now want to buy Bitcoins, but they are quite expensive; the value has appreciated to over a thousand times what it was like eight years ago.
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However, there are ways to earn free Bitcoins. Several sites give incentives for people to earn units of the Bitcoin in what is called Satoshi or Bitcoin Faucets.
NB: there are a 100, 000 000 satoshis in one Bitcoin, and though this may ordinarily seem daunting to the average person who wants to have a Bitcoin, you can earn thousands of satoshi units in one day, accumulating them to the point that they will one day reach a single Bitcoin.
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It is quite easy to earn free Bitcoin units, called satoshi which can accumulate to become one bitcoin. That was how I earned my first Bitcoin units, and now, I have quite a little best egg of satoshi units that I keep on selling all the time.
That’s the fun of it.
What are you waiting for? Follow this link to register and earn free Bitcoins here.
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