How to Participate in the Bitcoin Economy5986147
The Bitcoin economy is increasing at a rapid price, as more and more startups enter the sphere and try to provide traditional 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 opportunity to get on board with this at an early stage.
The big advantage of entering the Bitcoin economy now is that you will get in on this technology at the 'innovator stage' and you will have the chance 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 highly 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 obvious - actually zero transaction charges for trans-continental money transfers, instant transfer of money without 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 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 a lot of great opportunities to advertise your business to the Bitcoin audience through services like Coin URL.
On a personal finance front, it is best to keep a secure wallet online 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 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 nonetheless not perfect and there are arbitrage opportunities through exchanges and goods and services.
Becoming 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 very hard to woo - the individuals at the technological forefronts of our society.
