How to Participate in the Bitcoin Economy6181134
The Bitcoin economy is increasing at a fast price, as more and much more startups enter the sphere and try to provide traditional services but utilizing 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 entering the Bitcoin economy now is that you will get in on this technology at the 'innovator stage' and you'll have the opportunity to be one of the leaders. Companies that operate in the current Bitcoin economy also appreciate a free publicity of their business within the Bitcoin community. Everything from gyft that accepts Bitcoins to buy shop 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.
The benefits of becoming part of the Bitcoin neighborhood should also be apparent - literally zero transaction charges for trans-continental money transfers, immediate transfer of money without any third-party delays and capability to attain everybody on the planet who has access to the internet.
The micro Bitcoin economy is already 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 great opportunities to advertise your business to the Bitcoin audience via services like Coin URL.
On a personal finance front, it is very best to maintain a secure wallet on-line 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 a lot of opportunities exactly where you can spend 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.
Becoming part of the Bitcoin economy at this exciting stage should prove extremely beneficial to your business as nicely. You will be able to attain an audience that would otherwise be extremely hard to woo - the people at the technological forefronts of our society.
