Bitcoin Express: Know How Does Bitcoin Work and How to Use It like Money

By KnowIt Express and David Neal

Know How Does Bitcoin Work and How to Use It like Money

You probably have seen it discussed in the news or around the internet. Heck, you may even have heard your techie friend babbling about at one point when you couldn't care less...until now, with a changed heart and reconsidered mind.

We're talking about the next big thing - bitcoin.

As you may or may not realize, the next revolution is upon us (if not already here) in how we will forever conduct monetary trade with the already large quantity of transactions done electronically every day and still on the rise where basically our money can be considered digitalized. And with that, arises bitcoin.

Are your still scratching your head...what is bitcoin? How does bitcoin work? In order to understand bitcoin, you have to understand the difference between currency and money.

Currency is a tangible form of money. In other words, money is intrinsic while currency is extrinsic. For example, paper can represent money; coins can represent money. In this case, currency equals those paper and coins as mediums of exchange. Currency has had an ever-evolving long history: from bartering with commodities like grains and livestock, to trading with stones and coins, and to using paper dollar bill money as we know of today.

The problem with the dollar bill or paper money is that the government can easily print more of this paper that represents money, and has been doing so...thus causing inflation with your paper money to worth less than it actually is. Contrast to gold, the government can't create gold like they do with printed money. The value is based on scarcity. There is only a limited supply of gold out there, maintaining its value; while paper dollar bill can always be printed, decreasing its value.

Bitcoin can be viewed as the digital version of gold because there is only a limited amount of it out there, and it's protected from inflation; nobody can come in and make more of it. Plus, the convenience of bitcoin is you don't have to carry it and worry about where you place it or if it gets lost like if it were physical money in your wallet or purse, but you can use it without actually needing anything on you because it's 100% virtual.

Do you now see the beauty and power of bitcoin?

By taking the "Bitcoin Express," your destination includes:

- How to get started and set up everything up from bitcoin wallet to vault step-by-step with plenty of charts and images.

- How to even make money from bitcoin like early adopters who strunk it rich before the opportunity is gone.

- How to use bitcoin practically within your everyday life as an alternative to not carrying physical money on you.

- How to buy bitcoin and protect yourself from fraud and scam as well as avoid unwarranted unsuspecting fees.

- How to work with the science and system of bitcoin mining to get the most out of your money exchange.

- Also, personalized hands-on exercises and applications to put everything into action on how to get bitcoin.

...and much more.

What we went through in the early 90s regarding the internet that eventually became standard among every part of our daily lives, is the same thing as what is happening now with bitcoin.

Throughout history, it's always the early adopters who have an advantage over others to make it big. The bitcoin is still a wide-open territory. Now it's the time for you to jump on the bandwagon to get a piece of the pie before it departs...leaving you behind.

• Language: English
• Publisher: KnowIt Express
• Release date: May 16, 2016
• ISBN: 9781310424311

KnowIt Express

Know It at an EXPRESS!There are plenty of people who want to obtain knowledge, but now have less time than ever. Millennials and older folk are looking to learn more but don't want to spend their whole lifetime pursing.Now, the old proverbial saying of “knowledge is power” is a true one, so how can this work?KnowIt EXPRESS has found that applicable solution, with a foundation built on efficiency and resourcefulness in order to ensure that you’re utilizing your time wisely. They’ve published contents that contain information that are commonly sought after to get what you need, as quickly and easily as possible. By doing so, you’ll spend less time learning while still gaining a decent amount of knowledge on any area.It’s a pretty simple method that has created results for hundreds of people already.Regardless of your situation or location, KnowIt EXPRESS has made it so that you have access to the opportunity of increasing your knowledge in a steady yet effective manner. You’ll have the ability to pick up whatever you need to know, wherever you may be within a moment’s notice.No wonder EXPRESS is in their name. All you have to do is get on board AT www.knowitexpress.com.

Book preview

Bitcoin

EXPRESS

Know How Does Bitcoin Work and How to Use It like Money

David Neal & KnowIt Express

Copyright 2016 N2K Publication

Smashwords Edition

It is impermissible to reproduce any part of this book without prior consent. All violations will be prosecuted to the fullest extent of the law. While attempts have been made to verify the information contained within this publication, neither the author nor the publisher assumes any responsibility for errors, omissions, interpretation or usage of the subject matter herein. This publication contains the opinions and ideas of its author and is intended for informational purpose only. The author and publisher shall in no event be held liable for any loss or other damages incurred from the usage of this publication.

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EXPRESS LANE

CHAPTER 1 - Understanding the Revolutionary Monetary Technology Bitcoin

- The Future Of Money

- Bitcoin Explained

- Quiz: Making Bitcoin Work For You

CHAPTER 2 - Setting Everything Up with Bitcoin

- Obtain A Wallet

- Buy Bitcoin To Use

- The Value Of Bitcoin

CHAPTER 3 - Working with the Science and System of Bitcoin

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Reviews for Bitcoin Express

[Christine Miller · Rating: 5 out of 5 stars]

I had never thought of using the Bitcoin as cash until I read this book, I guess that was because I didn't have an understanding or grasp of the concept of what a Bitcoin actually was. In reading this book I found out exactly what the Bitcoins were and how to use them to make money for me. Knowing that Bitcoin is a code and not actual physical money confused me until I read further and understood what the code was for.

For those that are looking to make a fast buck without much effort then this isn't going to be for them, this takes work and understanding to do. It like all types of money has its risks. Scams occur even with this type of currency, and if you know what to look for and this book helps some but being smart about any kind of trading and currency dealing is always important no matter what.

After reading this book I now know what a Bitcoin is, how to get set up to use it and even ways to use it. I understand more on how to be safe with it as well. I definitely will suggest this book to friends who say: What the heck is a Bitcoin anyway?