How to Participate in the Bitcoin Economy3144834
The Bitcoin economy is increasing at a fast price, as much more and much more startups enter the sphere and try to provide conventional services but using Bitcoins. You have every thing 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 much more mainstream, these are only going to improve in number and scope, therefore presenting a fantastic opportunity to get on board with this at an early stage.
The big benefit of getting into the Bitcoin economy now is that you will get in on this technology at the 'innovator stage' and you'll have the chance to be one of the leaders. Businesses that operate in the present Bitcoin economy also appreciate a free publicity of their business inside the Bitcoin neighborhood. Everything from gyft that accepts Bitcoins to purchase 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 advantages of being part of the Bitcoin community should also be apparent - 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're 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 very best to keep 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 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 through exchanges and goods and services.
Becoming part of the Bitcoin economy at this exciting stage should prove extremely beneficial to your business as well. You will be in a position to attain an audience that would otherwise be very hard to woo - the people at the technological forefronts of our society.
