How to Participate in the Bitcoin Economy8520045
The Bitcoin economy is growing at a fast price, as much more and more startups enter the sphere and try to provide conventional services but utilizing 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 more mainstream, these are only going to improve in number and scope, thus presenting a wonderful chance to get on board with this at an early stage.
The big benefit 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. Companies that operate in the current Bitcoin economy also appreciate a free publicity of their business within the Bitcoin neighborhood. Every thing from gyft that accepts Bitcoins to buy shop 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 benefits of becoming component of the Bitcoin community should also be obvious - literally zero transaction fees for trans-continental money transfers, immediate transfer of money without any third-party delays and capability to reach everyone on the planet who has access to the internet.
The micro Bitcoin economy is already flourishing. Now you can do the traditional 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 very best to keep a safe wallet online 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 plenty 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 ideal and there are arbitrage opportunities through exchanges and goods and services.
Being component of the Bitcoin economy at this thrilling stage should prove highly advantageous to your business as nicely. You'll be able to reach an audience that would otherwise be extremely hard to woo - the individuals at the technological forefronts of our society.
