currencies to profitably the ultimate guide in digital ... · 2017 and beyond we first need to...

THE ULTIMATE GUIDE

TO PROFITABLYINVESTINGIN DIGITAL

CURRENCIESIN 2017

INFINITUS INVESTMENT RESEARCH

HEY THERE, CECIL ROBLES HERE.

Bitcoin and cryptocurrency in general is absolutely hot right now.

At the time of writing this guide bitcoin is now valued at more than TRIPLE that of gold ($4,186).

The total value of all bitcoin now in circulation has exceeded $65 billion dollars (source).

In fact it is estimated that there are now over 250,000 transactions taking place in bitcoin everyday now… up from 120,000 a year ago (source).

That should excite you as an investor, because it means that bitcoin and the technology behind is starting to catch the eye of a lot more people.

It also means that bitcoin is becoming more and more expensive by the day.

If you’re reading this guide, you likely have heard of bitcoin before and you may even own some.

You probably fall within one of these three categories of people reading this guide:

1. YOU BARELY KNOW WHERE TO START WITH BITCOIN. (YOUR MIND IS GOING TO BE BLOWN.)

2. YOU ALREADY OWN A LITTLE BITCOIN. (YOU WILL WALK AWAY WITH SOME REALLY GOOD TECHNIQUES TO START USING AND INVESTING IN BITCOIN MORE FREQUENTLY.)

3. YOU ARE ALREADY ACTIVELY INVESTING IN AND TRADING BITCOIN ON A REGULAR BASIS. (YOU WILL LIKELY WALK AWAY WITH ONE OR TWO NUGGETS.)

In this guide, you will learn some of the things that are working now and that have been vetted through years of currency and cryptocurrency investing experience. These techniques are not only working with bitcoin, they also work with other alt coins like Ethereum and have generated huge returns over the past several years.

This is a tactical guide for you to implement into your investing plan immediately. So let’s get to it.

The BMC II THE ULTIMATE GUIDE TO PROFITABLY INVESTING IN BITCOIN IN 2017

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“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.”Peter ThielCo-Founder of Paypal

https://blockchain.info/charts/market-cap

http://www.coindesk.com/data/bitcoin-daily-transactions/

THE THREEPITFALLS OFTHE BITCOIN GOLDRUSHIn order to profitably invest in bitcoin and the emerging technology behind it in 2017 and beyond we first need to understand some of the pitfalls.

First, like with any other investment you need a solid and proven plan.

This rings as true for bitcoin as it does for investing in stocks or real estate.

As the old saying goes, “Failing to plan is planning to fail”. This guide will help you put together a solid plan for tapping into the HUGE potential of bitcoin and other alt currencies.

Second, bitcoin and cryptocurrency in general is very new.

Because bitcoin is new and still hasn’t caught on in the mainstream yet, there are enormous opportunities to profit still available.

It also means that there are bound to be growing pains with the technology.

One such growing pain is the long wait it takes to change your countries currency over to coins. This has improved by leaps and bounds but there is still room for improvement.

It also means that there will be a fluctuating cost and more volatile trading as the bitcoin market expands.

In the following pages we’ll show you how to navigate the technological waters.

And the third problem investors face is that, bitcoin and the cryptocurrency market is unregulated.

This presents a few issues for investors.

First, bitcoin is like the wild west.

And like the wild west of yesteryear brought opportunity and hidden dangers so it is with bitcoin.

One of those hidden dangers is the risk of falling prey to scammers looking to take advantage of unsuspecting victims.


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BE SMART AND AVOID THE SCAMS

Anytime there is enormous opportunity for profit there are also going to be unscrupulous characters that show up. We’ve seen this in multiple investment waves we’ve participated in.


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First, always follow this rule of thumb…

If it sounds too good to be true it probably is. If someone is guaranteeing you will make astronomical returns or become a millionaire overnight, run far and fast.

Next, be on the lookout for fake companies that create alt coins (alternatives to bitcoin) specifically for pumping and dumping. This is much like what happens with unscrupulous penny stock promoters.

Lastly, if you are going to actively trade bitcoin on volatility (details below) be wary of unproven trading exchanges that are known to manipulate the market (like hunting your stops).

With all that said, regulation (or lack there of) works both ways.

While a lack of regulation and the opportunity itself can bring scammers in, it can also bring in big players in the form of governments and banks who want to put their control on the market.

This is exactly one of the things bitcoin was created to avoid.

So as investors we have to keep our pulse on the market and any new regulations that could affect the fundamental purpose of bitcoin.

WHAT IS

BITCOINBefore we dive into the 6 primary ways you can profit as an investor with bitcoin and the underlying technology, let’s first find out exactly what it is.

Bitcoin is a digital payment system or a digital currency. No intermediary, bank or government holds sway over it. It is completely independent from any centralized government control or exchange.

It is this independence that has made it so attractive to the public… especially after the global financial crisis of 2008.

“Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient”Bill GatesFounder of Microsoft

Bitcoin is not really a tangible thing. You can’t touch it or handle it. You can’t put it in your pocket or your purse.

Yet, as a digital currency it has definite value and functions like the electronic version of fiat (government backed) currency. As digital currency, you can go to an exchange and buy bitcoin with any government currency and vice versa.

Like cash, bitcoin spending occurs as a peer-to-peer transaction from one bitcoin spender to the next. In other words, it’s passed along from one computer to another, like cash is passed from one person’s hands to that of another.

A bitcoin spender however, doesn’t write a check. Participants in bitcoin transactions transmit and receive bitcoin over the internet through a bitcoin wallet (bitcoin wallet info to come).


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THE BITCOIN

TIMELINE2008

Bitcoin originates in a whitepaper posted on the internet by Satoshi Nakamoto (a pen name) in November of 2008.

2009

2010

The first exchange rate is established between bitcoin and government currencies on October 5, 2009 at a value of US$1 = 1,309.03BTC.

In may, 2010, someone orders a pizza from Papa John’s for 10,000 bitcoin.

2013

In November of 2010 the number of bitcoins created equal $1MM. The exchange rate surges to US$1 = 2 BTC.

2014

2016

2017

March, 2013 FINCEN publishes bitcoin regulations as a guide to people who want to exchange digital currency. Bitcoin market capitalization has reached $1billion.

November, 2013, Federal Reserve Chairman, Ben Bernanke, states, bitcoin “may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.

In December, 2014, Microsoft begins accepting bitcoin payments. They join many others including Amazon, Target, CVS, Subway, Dell, Apple’s Apple Store, Tesla, Kmart and Sears.

Blockchain Technology - Many banks and businesses that initially dismissed the technology as a passing craze, now begin to latch on to the technology that underlies bitcoin. Venture capitalist raise over $1 billion in over 30 blockchain technologies. End of 2016.

June 12, 2017 bitcoin reaches a high of 1 BTC = $2,980. Japan makes it an official currency and over 50% of transactions in Argentina are done in bitcoin.

“I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting.”Richard BransonFounder of Virgin Group

5 REASONS TO CONSIDER INVESTING

IN BITCOIN


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Before we dive into the reasons we believe bitcoin is a huge investment opportunity and outline the six strategies we see as major plays, understand this…

Investing in bitcoin is speculative. There is no crystal ball. We can’t predict the future so by all means only invest what you can afford to lose.

With that said there are five CORE reasons we believe investing in bitcoin is a smart play, even in 2017.

1. POTENTIAL FOR ROI. Bitcoin has laid the foundation of a new and regularly

acceptable digital currency. There are now over 900 alt coins!

As such, it is still poised for major growth as the leader in its sector.

A mere $200 investment in bitcoin in 2011 would have yielded over $1.5 million USD today. That’s a growth of 750,000% in just 6 years.

Many wealthy investors predict that bitcoin will reach $10,000 by the end of 2018 and could reach as high as $500,000 within the next decade. If bitcoin reaches the market cap of Visa (V) it woul dhave a value of $8,091… Gold $341,527.

2. THE ULTIMATE HEDGE. Over the past 10 years, loose and reckless monetary

policy has wreaked havoc on all major world currencies including the US dollar. Money printing, a.k.a. monetary easing, has gotten out of control.

We may not see the impact immediately, however, long-term wealth and retirement accounts are susceptible to the devastating effects of possible hyper-inflation.

In contrast bitcoin has a built in mechanism to ever prevent inflation…

Only 21 million can ever be mined.

In other words, just like gold and oil, bitcoin has a limited supply. In fact it is 10X more finite than gold, a common hedge to currency and inflation concerns.

Unlike gold, bitcoin is a decentralized currency, meaning it is out of the reach of any national power or manipulation. It’s a free market alternative to the government’s monopoly on money.


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3. PRIVACY AND SECURITY. As a currency, Bitcoin hands down offers more

privacy and security than its fiat counterpart. Because it uses the internet it cuts out the middle-man… the financial highways of banks, credit card companies, and money transfer agents.

That means it also avoids the speed limits, tolls, and radar setup to ensure they are always in control of the transactions we make. Bitcoin uses state-of-the-art cryptographics technology that secures your transactions by leaps and bounds above a credit card. Bitcoin allows you to privatize your money and is the ultimate source of privacy and security for investors today.

4. FREEDOM FROM THE BANKS. Banks were originally designed to be a safe

storage of deposits and to help build credit in a local community.

2008 showed us just how vulnerable and corrupt the banking system can be. Today banks are tightly regulated by the U.S. government. As a result they now have more control over your money than ever before.

You’re even limited on how much cash you can actually withdraw and transfer. Anything over a certain amount gets report right to Uncle Sam.

Bitcoin offers the potential of an alternative from the current banking and payment system.

>> Bitcoin is accessible in your wallet 24/7, 365 days a year, including holidays and weekends.

>> Bitcoin significantly reduces or eliminates banking fees like checking and ATM fees.

>> Bitcoin makes it virtually impossible for the government to subject your money to capital controls like China or confiscation like Crete and Greece.

>> Your money is in your bitcoin wallet that no one but you can access, rather than loaned out to risky investments like credit default swaps (a reason for 2008 financial meltdown).

5. VENTURE CAPITAL IS BETTING BIG. By now there is $1.5 billion in venture

capital backing various cryptocurrency ventures and blockchain technology. Many of these deals are startups working to make blockchain and cryptocurrencies more accessible and more useful.

This however has what is known as a “network effect”. Back in 2013 there were only 13,000 wallets on Coinbase. Today there are 6.8 million.

In addition big businesses are adding to the blockchain and bitcoin ecosystem. IBM (IBM) is issuing a steady stream of blockchain related press releases. Overstock (OSTK) built the first blockchain stock exchange and issued a preferred share through it.

Now let’s talk strategy and tactics.


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There are five core strategies that we’ll discuss throughout the remainder of this guide.

The first is what is called the speculative long-term hold. If you invest in stocks, you would consider this similar to a buy and hold strategy.

Inside of this strategy we hold the long-term belief that bitcoin is going to continue to rise over the next 3-5 years. Inside of this strategy we aim to buy bitcoin at strategic low points all the while adding to our position.

This is similar to dollar cost averaging, with the exception of moving out of bitcoin and into USDt when volatility gets too high. As an example, we’ve had a bullish bias on bitcoin since the week of August 31, 2015.

We’ve also been able to buy additional bitcoin at strategic points along the way.

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STRATEGY #1SPECULATIVE LONG-TERM HOLD

The good news for you as an investor, even if you don’t currently own any bitcoin, is that we’re still bullish… And so are a lot of other deep pocket venture capitalists, hedge funds, and wealthy investors.

It’s our recommendation that everyone buys at least one bitcoin and holds onto it for the long-term. As we go further you’ll understand why.


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Since bitcoin is relatively new and highly speculative it has had a tendency to be fairly volatile. Volatility has slowed over the years, which is actually a good thing, but there is still plenty of opportunity to make money with bitcoin the good old fashioned way.

Here’s a chart of bitcoin volatility since 2011.

STRATEGY #2ACTIVELY TRADE ON VOLATILITY

When you are looking to actively trade, some volatility is good. Too much volatility is not so good.

As of late bitcoin has settled into a fairly predictable volatility range with a high of 5% and a low of around 0.8%. Compare that with the average 12 month volatility of the S&P 500 index at 14.4% since 1950 and you can see that bitcoin volatility is not as high as some would have you think.

This range of short-term volatility makes it a very attractive short-term trading instrument for many traders and investors. In addition, trading bitcoin also allows us to profit from both up moving and down moving markets.

There are a couple of ways you can trade bitcoin volatility in the short-term:

1. Day Trade. Day trading bitcoin allows you to trade 1-3 times a day based on the daily movement in the market. With volatility ranging from 1%-4% this can be an attractive option for short-term cash.

As with anything you need a good strategy.

Bitcoin trades 24 hours a day 7 days a week. It’s a market that never sleeps. You’ll find the most active times are during US and Aisan trading hours.

The best way to day trade the bitcoin market is to find the overall market direction or bias and look for entry points in that same direction. Look at this chart to see what we mean.


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STRATEGY #2ACTIVELY TRADE ON VOLATILITY

This chart represents a two day period of time.

You can see the first day the market has an upward bias followed by the same thing the next day. Looking for opportunities to buy low during this time period would have suited you the best.

Also note that bitcoin moved about $200 or roughly 8% of its value during this two day period of time. Catching half of that move would have been great for trading an hour or so each day.

2. Swing or EOD trading. The second way you can trade bitcoin on volatility is to swing trade or trade at the end of each day. This is not as time consuming as day trading and allows you to take far fewer trades.

With swing trading we use the same trading principles as day trading… we’re trying to trade in the overall direction of the trend or the market momentum.

End of day trading allows you to look at the market just one time a day at the close of business and make your trading decision for the next day. If nothing changes you do nothing. You can see how this can be effective way to trade, especially if you have a full-time job or run a business.


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STRATEGY #3Invest In Other Alt CoinsAlt coin simply stands for any other cryptocurrency besides bitcoin. Bitcoin is still the big kid on the block, however there are other alt coins with some very competitive technology.

The real power in investing in the right alt coin is being able to get in on the ground floor and experience the kind of explosive growth that bitcoin's first adopters have.

Here’s a list of the top altcoins as of this writing. Note, this is constantly changing and new altcoins are being developed constantly.

1. ETHEREUM. J.P. Morgan Chase, Microsoft, and Intel allied in order to create the fiercest rival to Bitcoin in circulation today. Ethereum is not just a currency. It’s a blockchain platform powered by Ether currency. The blockchain technology is the real power built into Ethereum and that is one reason it has been so successful.

Ethereum opened at $3.00 on August 6, 2015 and today it is worth $258.00 with a market cap of $24 billion. Check out the chart below.

That’s an 8,600% growth in less than two years.

Ethereum also has plenty of volatility to actively trade providing an additional opportunity for profit.

2. RIPPLE. Ripple is a Google backed alt coin startup that attracted $90 million dollars in total funding. It currently has a market cap of around $10 billion dollars. Ripple is unique in that it allows for transacting with any unit of value, from fiat currency to frequent flier miles. The price of Ripple is currently at a great place to invest and we look at this as more of a longer-term investment rather than a current volatility play.


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STRATEGY #3Invest In Other Alt Coins

3. DASH. Dash, a combination of the words “digital” and “cash,” is the Internet’s cash-in-hand. Dash is quick. Its transactions are instant. “Your time is valuable. InstantSend payments confirm in less than a second,” Dash claims. By comparison, Bitcoin’s transactions can take up to an hour to process.

Dash looks to compete with Bitcoin by providing true anonymity of your transactions. As you can see by the chart below Dash has made a meteoric rise in a very short period of time going from $66 per coin to $198 per coin in just a few months.

There are numerous other alt coins and a majority of them are scams or will never amount to anything. However, finding the diamond in the rough is what you are looking for here.

Remember, investing $200 in Bitcoin in 2011 would have yielded $1.5 million dollars by now. Finding the next Bitcoin or even a close second would yield serious dividends.

One of the things we do at the Bitcoin Mentor Club is keep our eye peeled for alt coins that bring something unique to the market that could rival Bitcoin.

Again, putting a few hundred dollars into a handful of the right alt coins could mean a big payday.

With that said, investing in alt coins is even more speculative than investing in Bitcoin. You need a real strategy and you need to have your pulse on the market and the reason why these alt coins could potentially rival bitcoin.


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STRATEGY #4Invest In BlockChain TechnologyYes… Bitcoin has had a volatile history during its meteoric rise. While the volatility has settled down, that kind of volatility is just not for everyone.

So how else can you invest in Bitcoin without actually investing in Bitcoin?

Invest in its technology.

On the other hand, the blockchain technology behind bitcoin has a chance to be disruptive across so many different industries and investors might be more willing to get behind that.

In fact they already have with over $1.5 billion in venture capital raised for various blockchain projects.

Tyler Winklevoss says, “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”

This mathematical framework can be found in the blockchain technology, which is the underlying foundation of Bitcoin.

Blockchain technology is essentially a publicly distributed ledger. When transactions using this technology are completed, they are recorded on the newest "block." When a block's capacity is filled, it is added to the end of the "chain" in linear order. This way of transferring money, supplies, or other assets eliminates the need for each transaction to go through various middlemen, like brokerages, payment processors, and even banks. The fewer third-parties involved in facilitating transactions, the fewer players that take a small cut.

There’s likely no other company that has invested as heavily in blockchain technology than IBM.

CEO Ginni Rometty believes it cannot be overestimated how important blockchain technology is to the company's future. In the company's 2016 annual letter, she stated:

“Blockchain brings together shared ledgers with smart contracts to allow the secure transfer of any asset -- whether a physical asset like a shipping container, a financial asset like a bond or a digital asset like music -- across any business network. Blockchain will do for trusted transactions what the Internet did for information.”

Rometty says the company is currently working with over 400 clients on blockchain initiatives. These offerings are as diverse as using the platform to work with Wal-Mart Stores to track food inventory, and with the London-based start-up Everledger to track diamonds.


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STRATEGY #4Invest In BlockChain TechnologyIBM (IBM) is one blockchain play that has seen its stock rise about 29% since 2016.

There are many, many others including a number of new and exciting startups.

There are a few ways to invest in blockchain technology.

1. Invest in seasoned public stocks. Look for seasoned large and mid-cap companies like IBM in the tech sector and AMEX in the financial sector. There are many others as well. As these companies invest in blockchain technology, applications and other startups their stock has potential to gain.

2. Invest in blockchain startup stocks. Here’s a list of several blockchain startups that are worth looking at with more popping up every day.

* ContentKid - ContentKid is a disruptive payments company that uses blockchain technology to allow for short-lived subscriptions to content that users may only need for a short time–an hour or a day–versus traditional monthly and yearly fees.* Chain of Things - Chain of Things integrates two of the most disruptive technologies in order to help solve real world issues. Chain of things is working to establish a link between the IoT and blockchain technology for the purpose of increasing efficiency and reducing fraud.* Storj Labs - Storj is building a decentralized cloud storage network to improve security and lower costs of storing information in the cloud. Unlike traditional centralized cloud storage services – say, Dropbox, Amazon, or Google – Storj uses blockchain technology to provide secured peer-to-peer “communal” storage, which also allows users to rent extra storage space.* Funderbeam - Funderbeam has created a blockchain-based “stock exchange” for the funding of early-stage and growth-stage companies and the subsequent trading of equity. Funderbeam’s secondary market uses blockchain technology to offer smart contracts to shareholders and allows for cross-border transactions on the exchange.

3. Invest in those building blockchain platforms. Instances of these would be Ripple, Ethereum and the HyperLedger Project. You can look for new companies looking to grow in this space and place investment into these coins or companies. It is also predicted that blockchain will be extremely important in monetizing the use of artificial intelligence. Billionaire, Mark Cuban, is quoted as saying, “The world's first trillionaire will be an AI entrepreneur.” If that holds true, then blockchain technology will be how they get there.

Any way you look at it, the blockchain revolution is here to stay. Blockchain is to Industry what Social Media was to communication. It’s revolutionary and those that get the jump on it are going to benefit from a coming multi-trillion dollar global industry.


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STRATEGY #5Invest In A CryptoCurrency FundThe top 100 cryptocurrencies are now with more than $95 billion (source).

That means that the funds have started to show up. By definition a cryptocurrency fund is a pool of professionally managed capital, available to outside investors, where the majority of AAUM are invested in publicly tradable cryptocurrency assets.

Examples of such assets include bitcoin, ethereum, and the 700+ altcoins and 50+ digital tokens listed on Coinmarketcap.

There are three four broader categories of funds and they are:

1. Publicly traded funds

2. Private buy-and-hold funds

3. Hedge funds4. Crypto Managed Account (different than a fund)

Publicly Traded Funds

These funds allow for a buy-and-hold strategy and until recently focus on a single asset. Bitcoin has been the dominant force when it comes to the majority of publicly traded funds, however, ethereum is now coming on the scene in a big way.

A management fee of 1.5-2.5% per year is charged for the service. This will likely decrease as the market grows.

Essentially investing in this type of crypto fund is like investing in an ETF. As of yet the SEC has yet to approve any of the applications for US ETF Bitcoin funds.

The other option is to invest in a bitcoin ETN. An ETN doesn’t allow redemption and doesn’t make the same guarantees about how much bitcoin it actually holds.

An ETN is better thought of as unsecured debt that roughly tracks the price of its benchmark asset but has looser reporting and compliance requirements. Because of these differences, ETNs are a bigger credit risk, and we've already seen this risk manifest when KNC Miner filed for bankruptcy.

An example of a bitcoin ETN is BTCETI which is co-listed on the Gibraltar Stock Exchange and the Deutsche Borse.

Private Buy-And-Hold Funds

These differ from public investment funds in that they usually have restrictions either on investment size (e.g., $100k USD and above) or status (e.g., accredited investors only).

https://coinmarketcap.com/


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STRATEGY #5Invest In A CryptoCurrency FundThey’re not listed on publicly traded exchanges and you can’t use investment software to obtain quotes or place trades. Otherwise the strategy and product and fees are similar.

The best known example is probably Pantera Bitcoin Fund. Pantera is a blockchain investment firm which has multiple funds. They're bitcoin buy-and-hold fund has over $100M under management and charges 0.75% annual management fee and a 1% fee for redemption.

The downside to this type of funds that they only invest in bitcoin and you need a considerable asset size to participate.

Hedge Funds

Next we have cryptocurrency hedge funds. A hedge fund is a pool of lightly regulated capital that invests in whatever it likes with some broad strategic parameters.

Hedge funds generally use active trading strategies included leveraged trading, price arbitrage, and algorithmic trading.

Hedge funds usually charge a management fee of 1-2% per year as well as a performance fee of 15-45% that is paid out when the hedge fund beats and agreed-upon benchmark.

Some known cryptocurrency hedge funds include:

● Global Advisors● Polychain● Metastable● Logos Fund

Hedge funds usually require you to be an accredited investor in addition to investing with a minimum amount of $100k or more.

Crypto Managed Account

A cryptocurrency managed account is different than a fund. Inside of a crypto managed account you are able to take advantage of both buying and selling opportunities on a number of cryptocurrencies.

You also are not required to give your funds to the actual account manager. Your funds stay inside of your own account at any number of regulated brokerage firms.


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STRATEGY #5Invest In A CryptoCurrency FundThis in and of itself gives you a higher level of security.

In addition crypto managed accounts allow you to usually start with a smaller deposit amount such as $10k-$20k.

The key to having success with crypto managed accounts is to first vet the company. Make sure the officers and traders are seasoned veterans.

Look at the track record and understand the risks and potential rewards.

Second, you want to understand the underlying strategies that will be used to invest your funds into different cryptocurrencies. Is there even a strategy at all?

For instance if it is a short-term trading strategy, how much of the profits will be gobbled up through transaction costs and trading commissions?

Lastly, you’ll want to invest in programs that use as little leverage as possible. With the explosive growth opportunity available inside of bitcoin and other alt currencies there is not much use for trading on high leverage.

Leverage is a double-edged sword that when not used properly and inside of proper risk constraints can do major damage to your account.

HOW DOES

BITCOIN WORK?Unlike fiat currency, there are no banks or clearing houses that issue bitcoins. There is no central bank minting or creating new bitcoin.

Instead, bitcoin are created in a peer-to-peer network through a complex mathematical system referred to by industry specialists as “mining.” This mining system gives is what makes owning bitcoin so secure and private.

Also, according to the Economist, this method of bitcoin creation prevents a central bank from dumping huge amounts of new currency into the network. Unlike other fiat currencies, like the U.S. dollar, bitcoin has a built in safeguard against devaluation and debasement.

Getting started with bitcoin and other alt coins is easy. All you need to do is install a bitcoin “wallet” on your computer or mobile phone. A bitcoin wallet is an application that functions similar to any other payment application you use and is more secure.

Your bitcoin wallet houses the digital code so you can use your bitcoins securely.


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Bitcoin transactions are recorded in a blockchain, a public ledger accessible to all bitcoin users. All transaction are then confirmed and recorded through the mining process. This record is permanent and cannot be changed or hacked.

Getting Started With

BITCOINIf you are new to Bitcoin we recommend understanding a few things before getting started. Using Bitcoin can be extremely empowering and rewarding, but it is also different from the currency you know and use every day.

First and foremost, even though Bitcoin has been in operation for over 8 years now, it is still experimental. Here’s what you need to know before getting started:

1. Bitcoins are impossible to counterfeit or inflate. You never have to worry about receiving fake or devalued currency.

2. You can use Bitcoin to receive any amount of money, with anyone, anywhere in the world. These transactions are very low cost.

3. Bitcoin payments are impossible to block and Bitcoin wallets can’t be frozen or confiscated.

4. With Bitcoin you control the money and the transaction yourself. You do not go through a third party like a bank or Paypal.

5. Bitcoin transactions CANNOT be reversed or refunded (unless the party is willing to give you a refund). You should only deal with businesses or people you trust. Think about these transactions like a wire transfer except without the bank or high fees.

6. Before being made valid a Bitcoin transaction must be confirmed at least once but preferably 5+ times before it has happened and become irreversible.

There is a growing merchant network accepting Bitcoin as payment for goods and services. Also, the Bitcoin industry is constantly changing and so we recommend staying up to date by using various news services.

Buying Bitcoin

Indacoin

One of the quickest and easiest ways to buy Bitcoin is with your debit card via Indacoin. Indacoin allows you to acquire $50 or less of bitcoin fast… usually within 10 minutes and is in use in over 200 countries.

The other great benefit of Indacoin is that there is no registration.

If it is the first time you use your debit card or credit card with Indacoin, you will receive a call from Indacoin with a 4-digit code. You will have a $50 limit for the first transaction, $100 for the second available after four days of the initial purchase and $500 after eight days of the first buy.

The total limit of the first month will be $5,000… after that there are no limits at all.

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Coinbase

Coinbase is one of the world’s largest Bitcoin exchanges. Users in the Unites States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

For non-European customers, Coinbase only allows you to buy bitcoin with your bank account at an initial maximum of $5,000 per week at first.

Kraken

Kraken is also one of the world’s largest bitcoin exchanges. Kraken allows you to trade more and different types of alt coins than Coinbase.

Coinigy

Coinigy is an all-in-one platform for trading digital currency. Coinigy allows you to connect with multiple exchanges and wallets. It is built for those that are actively trading the cryptocurrency market based on volatility. It also provides a powerful charting solution.

SpectroCoin

SpectroCoin is an all-in-one solution for Bitcoin offering an exchange, debit card and ability to buy bitcoins with credit cards. That’s right… you can get a prepaid debit card with your bitcoin loaded onto it and you can transact anywhere in the world.

Earning Bitcoins

The easiest way to get bitcoins is to accept them as payment for the products or services that you already sell. All you have to do is give your customers the option to pay in bitcoin.

The easiest way to collect payments in bitcoin is to signup for a bitcoin merchant account. This will allow you to send invoices as well as integrate bitcoin payments into your order pages for the most popular online shopping carts.

Here’s who we recommend:

BitPay

BitPay allows you to connect with your online ecommerce solutions like Shopify and receive bitcoin payments directly into your company's bank account or bitcoin wallet. It has a number of integrations including, eCommerce, shopping carts, point of sale, accounting, donations, and open source code libraries.

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https://www.kraken.com

https://www.kraken.com/

http://bit.ly/2uK1UcN


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https://bitpay.com

https://bitpay.com/





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BITCOIN MENTOR CLUB

What’s

NEXT?If you are looking to invest in the currency of the future then Bitcoin, blockchain technology, and other Alt coins may be right for you. But as you learned in this guide you need a well thought out and proven strategy.

Having a proven method for investing in this sector will save you countless dollars and hours that would be wasted in mindless trial and error.

The Bitcoin Mentor Club was built to help investors and active traders generate consistent returns while minimizing risk. Inside we go deeper into the strategies listed in this guide.

When you are ready to take the next step, join us on a free 60 minute webinar presentation that will reveal the three secrets we use to profitably invest in the cryptocurrency sector.

Just Click Here To Register For The Next Upcoming Webinar

https://bitcoin.infinitusresearch.com/bitcoin-webinar-registration-v2nsini8yy

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