1. How to Participate inHow to Participate in
the Bitcoin Economythe Bitcoin Economy
2. The Bitcoin economy is increasing at a rapid
rate, as more and more startups enter the
sphere and try to offer traditional
services but using Bitcoins. You have
everything from a marketplace of books aka
Amazon style but only in Bitcoins to
advertising platforms similar to Google
AdSense but in the Bitcoin economy. As
Bitcoin goes more mainstream, these are
only going to increase in number and scope,
thus presenting a wonderful opportunity to
get on board with this at an early stage.
3. The big advantage of entering the Bitcoin
economy now is that you'll get in on this
technology at the 'innovator stage' and
you'll have the opportunity to be one of
the leaders. Businesses that operate in the
current Bitcoin economy also enjoy a free
publicity of their business within the
Bitcoin community. Everything from gyft
that accepts Bitcoins to purchase store
gift cards to EVR bar that became popular
in the highly competitive bar and lounge
scene in New York by accepting Bitcoin as
payment currency for drinks.
4. The advantages of being part of the
bitcoin trading community should also be
obvious - literally zero transaction fees
for trans-continental money transfers,
instant transfer of money without any
third-party delays and ability to reach
everyone on the planet who has access to
the internet.
The micro Bitcoin economy is already
flourishing. Now you can do the traditional
micro-tasks from agencies such as
CrowdFlower on the Bitcoin platform and
earn your first Bitcoins that way. If
you're a business, there are plenty of good
opportunities to advertise your business to
the Bitcoin audience through services like
Coin URL.
5. On a personal finance front, it is best to
keep a secure wallet online at one of the
trusted wallet services and then start
earning some small amounts of Bitcoin just
to get a feel for how this economy
functions and how you can leverage this. If
you have access to both fiat and Bitcoin in
a liquid market, there are plenty of
opportunities where you can pay in one and
receive in the other to get the most out of
your business. The market is still not
perfect and there are arbitrage
opportunities through exchanges and goods
and services.
6. Being part of the Bitcoin economy at this
exciting stage should prove highly
beneficial to your business as well. You'll
be able to reach an audience that would
otherwise be very hard to woo - the people
at the technological forefronts of our
society.
7. Being part of the Bitcoin economy at this
exciting stage should prove highly
beneficial to your business as well. You'll
be able to reach an audience that would
otherwise be very hard to woo - the people
at the technological forefronts of our
society.