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The US is home to most of the world’s largest Bitcoin companies, so it’s no surprise that it’s easy to buy bitcoins in the United States using nearly any payment method: cash, credit card, or bank transfer.
Coinbase is probably the fastest and easiest way to buy bitcoins in the USA. If you need bitcoins fast, then buying with a debit card is a good option. Coinbase charges 3.99% fees for debit card purchases but you can get your coins instantly. Another payment option for US customers is using a connected bank account. The fees are less for this method–1.49%–but your coins are only delivered after five days. Get $10 of free bitcoin when you buy more than $100 worth through this link.
Buying bitcoin is a great investment for the long-term, but if you’re unable to purchase as much bitcoin as you would like, you can always earn additional bitcoin for free online.
Not many people are aware that free bitcoin is there for the taking.
In fact, there are four terrific ways to earn bitcoins for free online. You can join purchase reward programs, open an interest-bearing bitcoin account, become an affiliate marketer, and even get paid to mine bitcoin without any specialized hardware.
You can do more with bitcoin online than simply purchase things. You can also use your everyday shopping experiences to increase your bitcoin account.
How? By using a bitcoin cash-back service like Lolli.
When you buy an item from one of Lolli’s more than 500 merchant partners, you’ll receive a reward in the form of bitcoin.
Should I invest in Bitcoin? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a “cool” collectible… which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return.
Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
It’s interesting that almost all existing analysis of cryptoassets are from the point of view of fundamentals (or lack thereof). It’s often useful to look at things quantitatively instead.
So here, what we really want to understand is the probability of bitcoin reaching $500,000. There are a few ways to do that.
First, we can assume a completely random process and take a “gambler’s ruin” perspective.
Investing in and using Bitcoins, a digital currency that can be transferred directly from person to person through the Internet, is a particularly bad idea because it is unstable and is being used as a speculative vehicle. That’s the consensus answer on question-and-answer site Quora.
The currency is designed to remove the middle man in transactions. That can be a transaction provider like PayPal or a bank when someone makes a purchase with a credit or debit card. When someone makes a transaction, the Bitcoin is automatically transferred to the recipient through an encrypted transaction that ensures Bitcoins can’t be hacked or created artificially.
Fri 11 Jan 2019 05.00 EST
Last modified on Mon 14 Jan 2019 11.51 EST
Until 2016, I ran an advertising agency in London. At our peak, we were highly successful; I had a team of 35 people, a £3m turnover and a Covent Garden office. When the agency folded, I decided to invest in bitcoin.
Bitcoin is a cryptocurrency, a type of electronic cash that allows people to spend or trade via a peer-to-peer network without the involvement of banks or other intermediaries. It is a cheap, efficient way of transferring funds or holding value, which can be converted back into sterling at any time. I had used it before to buy treatment online for my mother after she was diagnosed with cancer. I had also dabbled with investing in it in 2013, and made and lost some money: bitcoin is prone to sudden fluctuations in value.