How to Participate in the Bitcoin Economy3766498
The Bitcoin economy is growing at a rapid rate, as much more and much more startups enter the sphere and try to provide 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 improve in number and scope, thus presenting a wonderful opportunity to get on board with this at an early stage.
The big advantage of getting into the Bitcoin economy now is that you'll get in on this technology at the 'innovator stage' and you'll have the chance to be one of the leaders. Companies that operate in the present Bitcoin economy also enjoy a free publicity of their business within the Bitcoin neighborhood. Every thing from gyft that accepts Bitcoins to purchase store gift cards to EVR bar that became well-liked in the extremely competitive bar and lounge scene in New York by accepting Bitcoin as payment currency for drinks.
The benefits of being part of the Bitcoin neighborhood should also be obvious - actually zero transaction fees for trans-continental money transfers, instant transfer of money with out any third-party delays and ability to attain everybody on the planet who has access to the internet.
The micro Bitcoin economy is currently flourishing. Now you can do the conventional micro-tasks from agencies such as CrowdFlower on the Bitcoin platform and earn your first Bitcoins that way. If you are a business, there are a lot of good opportunities to advertise your business to the Bitcoin audience through services like Coin URL.
On a personal finance front, it is best to maintain a secure wallet online at one of the trusted wallet services and then start earning some small amounts of Bitcoin just to get a really 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 obtain in the other to get the most out of your business. The market is nonetheless not perfect and there are arbitrage opportunities via exchanges and goods and services.
Being part of the Bitcoin economy at this exciting stage should prove highly beneficial to your business as nicely. You'll be in a position to reach an audience that would otherwise be extremely hard to woo - the individuals at the technological forefronts of our society.
