Hi Guys,

In the next few post i'm going to introduce 'us' (i mean learners like me ) to some basics of how to trade with the NUMBER ONE Cryptocurrency in the world today... BITCOIN.

And some investment schemes that would aid you in increasing your streams of income this year 2017.


An investment in knowledge pays the best interest. --- Benjamin Franklin

Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family. Kofi Annan



Ah, the fundamental question. What is bitcoin

First of all, there is a difference between the terms 'Bitcoin' and 'bitcoin'. Bitcoin, where the "b" is capitalised, refers to the entire system itself. It's like learning a language e.g., "I learned Spanish today." On the other hand, bitcoins, where the "b" is not capitalised, refers to the actual currency itself. You could say "I spent 10 bitcoins to purchase this item."

Bitcoins is a form of virtual currency- meaning, if you have bitcoins (we will get to how you obtain bitcoins later), you do not physically purchase goods by handing notes or tokens to the seller. Bitcoins are used for electronic purchases and transfers. You can use bitcoins to pay friends, merchants, etc. Every single purchase is immediately logged digitally (on computers) on a transaction log that tracks the time of purchase and who owns how many bitcoins. Think of this transaction log as an audit trail: it contains every single piece of information of every bitcoin transaction. This digital transaction log is called 'blockchain'.


Let's hang it here now... Will continue later in the evening. Thanks for staying tuned.


“You cannot swim for new horizons until you have courage to lose sight of the shore.”
― William Faulkner

The great aim of education is not knowledge but action. --- Herbert Spencer

while we wait for me to continue with this series later in the day, here is a little something.

I know a tiny investment with reasonable ROI that you can start with as little as $10 in BTC. Send me a mail 'ibullem09@gmail.com'
and i'd fill you in.

lawjasoph@gmail.com

Risk comes from not knowing what you're doing. ---Warren Buffett


How do I get started?


You can obtain bitcoins in a number of ways, but before we get to that, you'll need to get yourself a 'Bitcoin wallet'.

A Bitcoin wallet is first required to get started with using bitcoins. A wallet can be created easily through different online applications. Your Bitcoin wallet is essentially just like, well, any other wallet. e.g GTBank - GTMobileMoney , FirstBank - FirstMonie, eTranzact - PocketMoni or Zenith Bank - EazyMoney and the likes. It works just like those wallets.

Think of a Bitcoin wallet like an "app" that you would install on your phone. You can download your wallet on your computer, on your mobile, and also on the web. Once you've got yourself a Bitcoin wallet, you're good to go. It takes just a few minutes to get a wallet; once you have one, you can start accumulating bitcoins.

Types of Bitcoin Wallets

There are a few types of bitcoin wallets and they have varying security mechanism to ensure the safety of private keys.

Simplistically, bitcoin wallets can be divided into 5 types: desktop, mobile, online, hardware and paper wallets. Some types may overlap or used in combination with each other. I’m going to touch on what to expect from each type and feature a few examples you can try out.

Here are 14 secure bitcoin wallet options you can choose from...







“You must give everything to make your life as beautiful as the dreams that dance in your imagination.”
― Roman Payne

born2wyn:
lawjasoph@gmail.com

Mail Sent

Thanks. Waiting earnestly to know more.



Do good for good to come your way!!

Beware of false knowledge; it is more dangerous than ignorance. ---George Bernard Shaw


Desktop wallet

Bitcoin desktop wallets offer one of the highest (if not the highest) level of security in terms of bitcoin storage.
You must download the software to your computer and perform bitcoin transactions from desktops, so it may not be practical for some people.
This option can be technical and confusing for bitcoin newbies.

Examples of this include
Bitcoin Core
Multibit
Armory

Mobile Wallets

Bitcoin mobile wallets are not only accessible and practical
Many also incorporate other layers of security to ensure users’ bitcoins are not compromised.
It is a good idea to keep only a small amount of bitcoins in mobile wallets while keeping the rest in more secure options.
Note: All the recommendations below are available for both Android and iOS users.


Examples of this include
Mycelium
Wirex
Xapo


Online wallets

Online bitcoin wallets are wallets that are easily accessibly on the Web via any device so long as it can be connected to the Internet.
It is easier and faster to make transactions via online wallets due to its accessibility.
Phishing, malware, insider hacking or plain lack of digital security knowledge makes it easy for hackers to steal bitcoins from online wallets.
The failure of two huge bitcoin exchanges (Mt Gox and Bitfinex) make people wary of such services.

Examples of this include
Blockchain.info
GreenAddress
BitGo


Blockchain.info is the most popular (8 mil wallets) website everyone uses to perform and check bitcoin transactions. They are often praised for its ease of use, multi-country support, and cross-platform capability. And I recommend it for anyone who wants to acquire bitcoin.


Others wallets include Hardware Wallet and Paper wallet.

“Happiness is a risk. If you’re not a little scared, then you’re not doing it right.”
― Sarah Addison Allen

ANBAKO:
Thanks. Waiting earnestly to know more.


Do good for good to come your way!!

Fund your investment with Bitcoin, check my signature

Start investing your bitcoins

How to Buy Bitcoins with Naira using Paxful


https://www.youtube.com/watch?v=T9fbaZ8FtTQ&t=7s