How to Participate in the Bitcoin Economy7193133
The Bitcoin economy is increasing at a fast price, as more and much more startups enter the sphere and attempt to offer conventional 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, therefore 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'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 inside the Bitcoin community. Everything from gyft that accepts Bitcoins to buy store gift cards to EVR bar that became popular in the extremely competitive bar and lounge scene in New York by accepting Bitcoin as payment currency for drinks.
The advantages of becoming part of the Bitcoin neighborhood should also be apparent - literally zero transaction charges for trans-continental money transfers, immediate transfer of money with out any third-party delays and ability to reach 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 plenty of great opportunities to advertise your business to the Bitcoin audience via services like Coin URL.
On a personal finance front, it is best to keep a safe wallet on-line 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 exactly where you can pay in one and obtain in the other to get the most out of your business. The market is still not ideal and there are arbitrage opportunities via exchanges and goods and services.
Becoming component of the Bitcoin economy at this exciting stage should prove highly advantageous to your business as well. You'll be in a position to reach an audience that would otherwise be extremely hard to woo - the people at the technological forefronts of our society.
