August 15, 2017

Getting Started With Bitcoin

So you're decided it's time to bite the bullet and get into Bitcoin. But you're concerned the price has moved too far, too fast, and you're not sure how to begin. That's what we will attempt to accomplish here - to try and explain in the simplest way, how to get started and how to build a larger position. That being said - I want you to know that starting up your first BTC is not what I would describe as "user friendly." In fact, I found it to be very user unfriendly. Keep in mind that you are not doing this for it's ease of use, but for the tremendous upside of BTC. For the capital appreciation. And it does get easier as you go.

1. Create your Bitcoin processing accounts 
  These are where you will buy your first Bitcoin (BTC) and then purchase with it. I suggest creating accounts at two places; 
    2. Coinbase Note that if you spend US$100 to purchase BTC when you open your Coinbase account, you and I will both get rewarded with $10 worth of BTC). Use Coinbase to change U.S. Dollars into Bitcoin. Then send some to your Blockchain account to send and receive BTC. 

2. Earn some Bitcoin
Sure, purchase a modest to get started. But then I suggest that you earn more BTC as opposed to purchasing it. That way if the price does decide to retrace, you won't be taking a loss on your purchases. 

There are a few ways to earn BTC:
1. BTC Faucets - Do these if you lack funds:

This is the least risky and lowest cost way to earn BTC, but earnings will be limited and it requires some labor on your part (but it is easy). BTC Faucets are like "Paid-To-Click" sites which pay you to view other member's advertisements. Same thing here. You join the Faucet and "roll" or click a button and be exposed to a few banner ads and the odd pop-up ad to earn. I've got two for you to use; 1. and 2. Moon Bitcoin. I suggest using them both.

There are several way to earn with these. The first being what I mentioned above. As you start your day, open your sites and view your first ads. With Moon Bitcoin you can then do the same every 5 minutes (although I only do it about once per hour). This doesn't take much time at all and you simply do this while working on other tasks. 

Then with, you can earn once every hour. You will also earn 4% interest once you have a balance of 30,000 "Satoshi" or small fractions of a BTC. 

Recruiting is NOT required to earn at either of these faucets. But if you do bring on others with your referral links, you can earn substantial returns - such as 50% of whatever your direct referrals earn. 

2. "Matrix" programs - DON'T Do These:

These look attractive because they offer ultra low start costs and tremendous payback IF your matrix is filled. Which is the problem. These programs always stall out shortly after being launched. Partly because it takes an increasing number of people joining to sustain the growth. And also because these attract people who don't recruit. So I would not bother with these. 

3. Trading and Mining! - Do these if you have money

While it's not very practical to mine directly because of the computing power and electrical demand, and trading sounds daunting, it IS possible to do so through various platforms. Right now I'm going with: 1. Cryp Trade Capital for Trading.
It will take some outlay of capital to participate in these. The more you put in, the faster you earn. And they also have good comp plans if you do refer others. But you don't have to recruit to earn with them. Another advantage of these two, is that my sponsor and his partner are very strong marketers who will help us to build teams and earn more if we choose to do so. Just click on the banner below to get started.

OTHER Bitcoin Related Programs 
 I am no longer active in these below
New Passive Way To Earn Bitcoin
Downline Builder For BTC Faucets

The Traffic Exchange Based On Bitcoin
EARNING BTC: Member To Member Forced Matrix Programs

Hitlink Banner Exchange