Cryptocurrencies have been slowly getting more recognition on mainstream media, meaning that more people each day are gaining interest in watching how they work for their financials. However, one of the most prominent cryptocurrencies to date is Bitcoin; it has continuously surpassed its all-time high value, and some experts are claiming that it’s only getting better in the future.
Not many people know what the “Bitcoin Revolution” means. Overall, this cryptocurrency is changing how people perceive economics today. The world is used to more traditional payment methods and currencies regulated by the local government. However, Bitcoin changes those factors almost completely, providing the consumer with a totally new way of saving, spending, and investing their money.
To put things in perspective, the internet has been gaining more popularity over the past twenty years. As most people may agree, the internet is becoming the future for communication, businesses, and life in general. Whether people like it or not, the internet is always there, present in every facet of their lives.
Many businesses now use online portals to offer their services; you can shop for a car online, you can ask for a taxi online, and finally, you can make purchases from all around the world while you’re online. It’s safe to say that the internet has made lives fairly easier than it was before. Voltix Edge is here to give you more insight into the Bitcoin revolution.
However, one factor that didn’t change much until recently was money. While banks have adapted to the digital era by providing “digital services” for transfers and requests, the fundamentals of their work stayed the same; these transfers are generally regulated by the bank or the government, which gives some people the sense that they don’t have enough freedom with their money.
When Bitcoin came in 2009, most people were confused because it worked similarly to other currencies. However, the fundamentals of its work were the main difference and attractive point. First, Bitcoin was the first peer-to-peer network for money exchanges, meaning that your money didn’t have to go through any third party while making a transfer.
On the other hand, Bitcoin is a universal asset, meaning that your money is going to be the same regardless of the country you currently live in. Having this kind of asset makes international transfers much easier and faster to do, which boosts the digital economy and helps businesses to thrive.
Bitcoin had a rough start at first; not many people trusted its efficiency or privacy measures. However, as more people took the time to study it, they learned that it had great potential in the digital era. Thanks to technological advances, Bitcoin (and several other cryptocurrencies) can now be used as a great alternative for international transactions.
As mentioned before, cryptocurrencies are still trying to find their way into the general public. Thankfully, there are more people each day investing their money in cryptocurrencies, which spreads the word among people who haven’t had the courage to try it out for themselves.
If you’re one of those people who have been wanting to invest in Bitcoin, the team at Voltix Edge is more than happy to tell you that it might be a great opportunity. The market is as big as ever, new information never stops coming in, and several businesses and individuals are changing to Bitcoin as their primary source of money.
The “Bitcoin Revolution” refers to the impact that this cryptocurrency is having on everyone around the world, and you may join in and start trading with a streamlined, user-friendly platform such as Voltix Edge.
Bitcoin is the first-ever recorded cryptocurrency on the internet. It serves as an alternative to traditional payment methods, although some people already use it as their primary payment method. Bitcoin can be acquired in virtually any country in the world since it’s open-source, meaning that it’s not regulated by any third party.
Keep in mind that Bitcoin is an entirely digital asset; as opposed to traditional currencies, you cannot find it as physical cash, meaning that you can only save, store, and spend it over the internet. However, due to the peer-to-peer network of Bitcoin, it works fairly similarly to physical cash. Overall, Bitcoin is considered by some people as “digital cash.”
Since Bitcoin is completely digital, it’s mostly stored online (unless you use a hardware wallet, another concept that will be explained in a few moments). These products used for storing Bitcoin are simply called “wallets.” The main difference between a regular wallet and a Bitcoin wallet is that the latter is accessed by a security code from any device with an internet connection.
A great thing about Bitcoin wallets is that you can choose one from many different internet platforms. Each of them has a particular set of features and fees, so you may choose one that you feel is appropriate and safe for you.
There are two main types of wallets that you can get for storing your Bitcoin: Software wallets and hardware wallets. A software wallet is the most common variant; it uses a private login key, which you can use to access your funds, and you’re free to store your Bitcoin there for as long as you like.
On the other hand, hardware wallets are devices where your Bitcoin is stored offline. Since it’s a physical device, it’s believed that your Bitcoin is safer there; they’re still completely digital, but they’re stored on a smart, physical wallet.
Both options might be great for you, so you’re free to choose the one that you feel more comfortable with. If you’re unsure of which one to get, you may try both and stick with the one you feel is safe.
A major concern from people who are beginning to invest in Bitcoin is how cryptocurrency and online wallets manage user privacy. Thankfully, Bitcoin has proven to be even more secure than regular cryptocurrencies because it’s heavily encrypted and, therefore, hard to make fraudulent transactions.
Each Bitcoin transaction gets approved and stored in a public network called Blockchain. The Blockchain is responsible for keeping a record of every transfer so that anyone can verify the authenticity of the funds. Each transfer is converted into a “block,” and each block is implemented into the network after its processes, hence the name “Blockchain.”
However, one of the leading privacy measures for people with Bitcoin is that they don’t have to provide any personal information to the seller if they don’t want to. The only thing you need to make a transfer is the signing key, which is a line of code; this allows you to keep your transactions as anonymous as you want, which is excellent news. However, keep in mind that some businesses may still request your personal information for record-keeping.
Making an international transaction with Bitcoin is reasonably straightforward, and it doesn’t take more than a few minutes to process. Each Bitcoin wallet comes with a unique private signing key, which is used to identify your funds. When you’re making a transfer, you just have to input the other person’s transfer signing key and send the amount of Bitcoin you want.
Since the transfer doesn’t go through any government or banking agency, the transactions are processed fairly quickly. There may be some cases where the transfer can take a bit more time to appear on the other person’s account overview, but it’s not the general case.
In a sense, Bitcoin transfers work reasonably similarly to traditional transfers; the main difference is that you don’t have to provide anything additional to the signing key to make the transfer, whereas some banks request the person’s personal information to process the funds.
Bitcoin is one of the most accessible assets to date, meaning that there are several ways for you to get involved with it. When it comes to investing, you need to be smart about your choices, so in some cases, one method may be more convenient for you than others. The team at Voltix Edge is going to give you an overview of each possible method so that you can have a clearer idea of what they’re talking about.
Going to an exchange website is the most common way of getting Bitcoin. First, you need to decide on the amount of money you’re planning on investing. After you do that, you must set up an account on the exchange platform of your choosing. Remember that each platform may have different fees and features, so be careful with what you go with.
When you’re done setting up your wallet and bank account/card, you can start trading your local currency for Bitcoin. The exchange rate may also vary depending on your currency and the website you’re exchanging it in; this is considered the fastest method to get Bitcoin since all you need to do is invest money and get Bitcoin in return.
Another thing you can do to get Bitcoin fairly quickly is to accept the cryptocurrency as payment for your goods or services. If you haven’t opened a crypto wallet for your business, it mig be a good time to do it. Several businesses worldwide (Such as Voltix Edge) have already implemented Bitcoin in their business model, so it might be only a matter of time until the rest of the world does it.
Not everyone is going to come rushing into your store and pay with Bitcoin, but having that extra payment method can make life easier for some of your customers, which, therefore, boosts your business.
Mining is the process of processing “blocks” of Bitcoin and placing them on the Blockchain network. Every time a miner processes a Bitcoin block, they gain a small percentage of Bitcoin as a reward for their work. While Bitcoin mining is not a physically/mentally demanding job, it can take a severe toll on your electricity bills and computer hardware.
The mining process demands way too much power from your equipment, so if you’re planning to test out mining, make sure that you have specialized mining equipment before you begin. Otherwise, you could experience some long-term issues.
In Bitcoin trading, you need to continually buy and sell Bitcoin. For example, if you want to buy Bitcoin, you must monitor the market and analyze how it behaves to predict when its price is going down. If your prediction is right, your trade was successful. Alternatively, if you want to sell Bitcoin, you have to monitor the market until the asset’s price goes higher.
As opposed to the other methods shown above, trading involves a much deeper knowledge level since you need to understand how the asset has behaved in the past to predict how it may behave in the future accurately. Keep in mind that trading involves a high level of patience since you may have to spend some time investigating and hopefully crafting a good trading strategy before you even start trading for the first time.
On the other hand, trading involves some particular risks that you should always keep in mind at the time of trading. Bitcoin is a highly volatile asset, which means that its value can either spike or lower drastically without any notice. As long as you take the proper measures, your trading experience might be good.
As briefly mentioned before on the Voltix Edge website, one of the main reasons to invest in Bitcoin is that the currency is widely believed by some experts to still be in its “growth” stage. It’s extremely popular, but it hasn’t become the primary payment method worldwide yet, so it’s currently sitting in a sort of middle ground.
Considering that the internet is still evolving as the years pass, it is logical to assume that Bitcoin may keep evolving too. As of today, accessing Bitcoin platforms or exchange websites can be done with just a few clicks, and making an investment also takes a minimal amount of time, making it easier for newcomers.
Yes, investing in Bitcoin is a choice that might be taken seriously. If you want to make the most out of this experience, you need to study the market and the asset so that you find the best time to open a financial opportunity for you.
Overall, learning how to invest in Bitcoin is much more accessible for everyone nowadays, and it might be best to take advantage of this while you still can. In the future, who knows how easy or hard it’s going to be to trade on this asset? For more information, read more about the Voltix Edge platform!
As Bitcoin investors, the team wants to make sure that Voltix Edge account holders learn as much as they can about this cryptocurrency and how they can trade on it themselves.
By getting a Voltix Edge account, you’re gaining access to all of the platform’s trading features, and the more you learn and practice, the more adept you might eventually become. So if you want to trade on Bitcoin, simply fill out the registration form to join!
Again, understanding the Bitcoin revolution is one of the most crucial steps to consider before making any kind of investment. It can be complicated to summarize everything you need to know on a single page, but this FAQ section was compiled to answer additional queries that Voltix Edge users have had in the past, with some essential information to get you started.
According to some experts, the asset itself is arguably one of the safest on the market, as it is the most popular crypto out there. However, its value is highly volatile, so while storing it in your wallet may be safe, the value attached to it can fluctuate quite wildly. It is highly recommended to start with small trades and never invest more than you can possibly afford to lose.
As for making safe investments, there is no trading platform that can ever guarantee your money is safe. That would be dishonest. Trading is fraught with risk, by definition. Although Voltix Edge gives you everything you need to try and make informed decisions, there are always risks involved.
Bitcoin is legal in most developed countries, including Japan, the UK, the EU, and more. However, before you start trading, it is best to check the rules and regulations in your country.
If your service providers currently accept Bitcoin as a form of payment, you’re free to make a Bitcoin transfer to pay them. Remember that this is still a relatively new technology for some people, so not everyone may have this kind of option available.
It might be a good idea to start trading on Bitcoin, as some experts would tell you that Bitcoin isn’t going anywhere anytime soon. And according to those experts, one of the best ways to learn the fundamentals of Bitcoin is to have a helping hand at the beginning.
The team at Voltix Edge wants to offer you that helping hand, so if you wish to join the Voltix Edge platform, fill out the registration form and begin your investment journey!