How to Participate in the Bitcoin Economy2624166
The Bitcoin economy is increasing at a fast price, as more and more startups enter the sphere and attempt to provide traditional 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 more mainstream, these are only going to improve in number and scope, thus presenting a fantastic chance to get on board with this at an early stage.
The big advantage of entering the Bitcoin economy now is that you'll 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 present Bitcoin economy also enjoy a free publicity of their business within the Bitcoin neighborhood. Every thing 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 benefits of being component of the Bitcoin community should also be apparent - actually zero transaction fees for trans-continental money transfers, instant transfer of money without any third-party delays and ability to attain everybody on the planet who has access to the internet.
The micro Bitcoin economy is already 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 are 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 maintain 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 receive in the other to get the most out of your business. The market is nonetheless not perfect and there are arbitrage opportunities via exchanges and goods and services.
Being part of the Bitcoin economy at this exciting stage should prove highly advantageous to your business as well. You will be able to reach an audience that would otherwise be very hard to woo - the individuals at the technological forefronts of our society.
