A Little Bit About Bitcoin
Bitcoin has been in the news lately as you might have noticed, even on mainstream news channels. It’s known for being an extremely volatile currency but, despite that, many people have become millionaires over the last 5 years simply by buying and holding Bitcoin.
One very early, notable Bitcoin transaction was when two pizzas were bought from and delivered by Papa John’s for 10,000 BTC. Today, that amount of Bitcoin would be worth $22,400,000! Let that sink in.
Unlike today’s fiat (paper) money which can be printed when governments need more cash (devaluing the currency already in existence), there will only ever be 21,000,000 Bitcoins in the world. Not a lot in comparison to the 7 Billion people on the planet.
16,000,000 coins have already been mined. So already 76% of all the Bitcoin that can ever exist, already exists. [As an aside, if you want to know how the economy actually works, check out the video on this page.]
And, as more people want to use it and it goes more and more mainstream, it’s value can only go up. It’s the law of Supply And Demand.
Bitcoin isn’t just a currency or, more accurately, a cryptocurrency. That’s just the tip of the iceberg. It sits atop what’s called the Blockchain, a ledger of all transactions that occur with Bitcoin. But you can add other things to the blockchain like contracts. [Money and currency aren’t the same thing as the video on this page explains.]
The Blockchain is a distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision.
Those last five words are the important bit. We know that corruption is rife in the banking industry. The Blockchain forces people to be honest. Every computer that mines Bitcoin and every computer that has a Bitcoin wallet installed has a copy of that database. It’s impossible to hack them all to “cook the books”.
Bitcoin (and the underlying Blockchain) isn’t centralized in the way that banks are. Bitcoin’s price is set by a free market unlike other areas of finance where rates and prices have been rigged for decades. Proof of such interventions in so-called free markets has been coming to light more and more in recent years.
And people are fed up with the constant price rigging and manipulation that leads money to trickle upwards from the many to the few (to the top 1%).
Bitcoin gives them control of their own money, free from middle-men scalping fees from every transaction, free from banks charging exorbitant transaction fees.
As an example, Western Union charges a fee of about 8.5% on money transfers. With Bitcoin, that fee is, maybe, a couple of cents.
Ok, so now maybe you wish you’d bought into Bitcoin earlier. Or you’d like to get in on it now but at $2,240 per Bitcoin you think it’s too expensive and you’ve missed the boat already.
People said that when Bitcoin was $200 and it’s death was heralded. They said that when Bitcoin returned from the dead and rose to $400 per coin. They said the same when it was selling at $950 per coin just a couple of months ago.
Look at the chart at the top of this page and the projected value for Bitcoin. $1,000,000 per coin by 2030.
That may seem utterly ridiculous. But look at the past. In December 2012, less than 5 years ago, one Bitcoin was worth $13. Anyone who bought and held Bitcoins then would have seen a 17,200% Return On Investment!
If Bitcoin should rise to $1,000,000 per coin in a decade or so, anyone who buys Bitcoin today would see an ROI of 44,600%.
There are no guarantees that the price of Bitcoin will rise of course. It’s price has risen and fallen six or seven times since it was introduced to the world in 2008.
Each time the price has crashed, those who don’t understand the power of Bitcoin have trumpeted their I Told You So’s! But, each time Bitcoin has bounced back and climbed to an ever higher price point.
History shows it’s on a upward trend over time.
It’s volatility puts people off because they see that short-term roller-coaster price change rather than that long-term rise in price.
I’m not a financial investor but I wouldn’t advise anyone to put more money into Bitcoin than they can comfortably afford to lose, should Bitcoin completely tank at some point in the future.
It’s like any investment. You assess the risk involved and if you’re comfortable with it.
The Opportunity Here For Affiliate Marketers And Investors
This opportunity is still in pre-launch so if you do hop onboard now, you’ll be ahead of the general public who will get access on June 21st.
This is a combination training course – which shows you everything you need to learn about Bitcoin and how to invest in it – and a Multi-Level Marketing component where you can earn commissions on sales of the course to others interested in investing in Bitcoin.
There’s what’s called a cutoff date every Wednesday. This is when your compensation matrix gets filled and locked-in with people who have signed up under you and people who are spillovers from the person you signed up under.
The next cutoff date in May 31st, 2017. If you get in before that date, you can have people locked in under you right away. Otherwise you’ll have to wait another week.
Watch the video on this page – it explains more about Bitcoin and the compensation plan on offer.
Whether you decide to take advantage of this offer or not, there’s still huge potential in investing in Bitcoin. But if Bitcoin isn’t for you, then you should at least consider investing in Gold and/or Silver to protect your money and purchasing power.
Filed under: Affiliate Marketing