WHAT IS BITCOIN?
While the currency was born as a liberating institution and promoter of cooperation between humans, over time governments have made her a tool increasingly sophisticated social control. That’s why all entrepreneurs involved in the creation of voluntary use coins, that is not imposed by force, have had to face the long arm of the law. Among the trail of victims we find the Liberty Dollar and its creator, Bernard von NotHaus, who suffered a raid by the FBI in which all its assets were confiscated (gold and silver that backed the currency), and who was then sentenced to prison. Other known cases are those of eGold (company that used to allow the transfer of digital letters with gold backing, also ruined by the the US government) and GoldMoney (company still resists the harassment of the US government, and it has been forced to cancel their service in several countries, and to cancel his online payment system everywhere).
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoin are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
WHERE CAN I SPEND IT?
Many large online businesses accept bitcoin, such as Overstock, Expedia, and Dell. Non-profits such as Wikipedia and the United Way also accept bitcoin donations. Look for a bitcoin payment option at many of your favorite websites and you'll be surprised how many accept bitcoin! You can view a list of merchants here.
You can start forex with Bitcoin. Bitcoin has emerged as one of the hottest investments around. Now, as Bitcoin trading continues to evolve, it is also being linked up with another hot investment market, Forex, which involves the trading of currencies. While Bitcoin itself aims to be a currency, there are some important differences between Bitcoin trading and traditional Forex trading. Forex trading refers to the trading of currencies. In a globalized world, companies and organizations must be able to quickly exchange currencies in order to facilitate global operations and purchases. A large company like General Electric can have operations in literally dozens of countries. This means that General Electric must be able to quickly access various currencies in order to pay local staff and make purchases, among other things. The Forex market is the largest and most liquid investment market in the world. Most of the traders are large institutions, corporations, and governments who conduct trading to facilitate their various operations. Some investors, however, also trade in Forex with the goal of making money off of fluctuating exchange rates.
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For many people when they hear the word Bitcoin, they don't at first realize that it has a true potential for the person using it to be able to claim real cash, out of it. Think of Bitcoin, as a digital e-currency that is not being fully controlled by any government, or bank putting restrictions on it. In addition, for those wanting to earn Bitcoins, and then turn them into their own cash currency for real cash we encourage you to read on to learn more ways than one that it can be accomplished.