How to Participate in the Bitcoin Economy5801748
The Bitcoin economy is growing at a fast price, as much more and more startups enter the sphere and try to provide traditional services but utilizing Bitcoins. You have everything 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 increase in number and scope, thus presenting a wonderful chance to get on board with this at an early stage.
The big advantage 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 opportunity 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 neighborhood. Everything from gyft that accepts Bitcoins to purchase shop gift cards to EVR bar that became well-liked in the highly 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 - actually zero transaction fees for trans-continental money transfers, immediate transfer of money without any third-party delays and capability 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'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 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 a lot 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 part of the Bitcoin economy at this thrilling stage should prove extremely advantageous to your business as well. 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.
