Bitcoin, the currency of the Internet has been said to be the the greatest invention in the history of the world after the Internet, it created many multi-millionaires, the value of 1 bitcoin has grown to be worth over the ounce of GOLD, and is predicted to go up to $10K and even $50K per 1 bitcoin, tens of millions of people are using it around the world and still there are many people who have no clue what the heck it is.
On today’s 6-Figures Show #447 I’ll shed some light on what Bitcoin is and how you can still greatly profit from it for years to come.
Bitcoin is the world’s first decentralized digital crypto-currency, meaning that unlike Dollars and Euros that are issued and governed by the banks and government, there is no central authority that controls it. It’s a network of users that are called miners that verify each transaction. The government can’t shut down bitcoin just like it can’t shut down the entire Internet.
Anyone no matter where he lives can open a Bitcoin wallet and deposit money into it, without needing to sign any papers like in the bank. And you can send money to any person in the world in split seconds virtually with zero transaction fees. This makes it very useful and practical and you have 100% control over it.
You can easily get a VISA card that will be associated to your Bitcoin wallet and you can buy anything you want online and offline up to $20K per day, and you can withdraw money at any local ATM machine in the world in local currency and have it withdrawn from your Bitcoin wallet.
Invented by anonymous programmer Satoshi Nakamoto in 2009 (I think today they found the real inventor to be Craig Wright from Australia) each bitcoin was worth just cents. In July 30th 2010 the price of 1 bitcoin was $0.05, so if you’d invested just $100 back then you would have made $2,400,000 by now. Pretty cool but it’s not too late to get started with it, as the world adapts more and more to Bitcoin.
Bitcoins are getting more and more rare and scarce and more people are using it so the value goes up. Right now there are 17,000,000 bitcoins in circulation and the total amount that can be created is just 21,000,000, by the year 2,140 no more new Bitcoins will be created. Every 4 years the amount of bitcoins created goes down by half, and it’s harder and harder to create them.
Bitcoins are mined and created people who run super computers that are solving complex math problems and verifying transactions on the BlockChain – publicly opened ledger. For that computing power and verification process those “MINERS” are awarded with Bitcoins.
Just to give you an idea in China 3,000 super computers are working day and night to create 25 bitcoins per day! In the past you could have mined bitcoins with your own computer but now you can’t do that.
But you still can be a miner of bitcoins, just not doing it yourself. There is an opportunity today to have a share of a huge mining operation in Iceland with thousands of super computers and while they do their work you can earn passive bitcoins for the next 1,000 days.
Watch the video below to see how you can profit from it for a very long time in passive bitcoin daily.
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