How to Participate in the Bitcoin Economy1337230
The Bitcoin economy is increasing at a rapid rate, as much more and more startups enter the sphere and attempt to offer conventional 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 increase in number and scope, therefore presenting a fantastic opportunity to get on board with this at an early stage.
The big benefit of entering the Bitcoin economy now is that you will get in on this technology at the 'innovator stage' and you will have the opportunity to be one of the leaders. Businesses that operate in the current Bitcoin economy also appreciate a free publicity of their business within the Bitcoin neighborhood. Everything from gyft that accepts Bitcoins to buy store gift cards to EVR bar that became well-liked 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 community should also be apparent - actually zero transaction charges for trans-continental money transfers, immediate 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 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're 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 maintain 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 feel for how this economy functions and how you can leverage this. If you have access to each fiat and Bitcoin in a liquid market, there are plenty of opportunities where you can spend 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 thrilling stage should prove extremely beneficial to your business as well. You will be able to reach an audience that would otherwise be extremely hard to woo - the individuals at the technological forefronts of our society.
