If you are thinking of making money with the help of online. Internet then there are so many ways in which you can earn money with the help of the internet sitting in the house. Such as Google AdSense. With Affiliate Marketing Short link, you can earn money. With the help of this same bitcoin, you can earn money sitting at home.
What’s Is Bitcoin? Bitcoin, How to Buy It? Bitcoin is currency such as the dollar. It is also a currency and today we will know about that bitcoin. How can use it and how can I use it.
History of bitcoin
This currency was created by Satoshi Nakamoto on October 31, 2008. And in January 2009 it was brought to everyone. Earlier it was in the form of an electronic currency but on 1 August 2017. Someone has been cut into two parts Bitcoin (BTC) and The Bitcoin Cash.
How BitCoin Earns Bitcoin
As I said it is also a currency like our rupees dollar, but there is a lot of difference between these two. They can keep the rupees dollar you can put in your purse. It can be seen in front of you. But Bitcoin is a virtual currency that we cannot touch just store. And that too in our online wallet.
How much is the value of bitcoin
It is used to pay bills, from which you can also receive payment and send it. In today’s time, the value of a bitcoin is Rs 246702 (September 2017) and it continues to be lesser.
According to the Indian rupee, it is approximately 45000 rupees. But as you can see in the photo, it was less than $ 400 in 2013. And went up to $ 1000 in 2014, then it keeps changing here.
How does bitcoin have to be worth rival fiat currencies?
To place a value on bitcoin we need to project which market it will reach in each region. This article will not make a case for what the market penetration will be, but for valuation, we will take an arbitrary value of 15 percent as a currency for bitcoin and as a reserve of bitcoin’s value. You are encouraged to form your opinion for this projection and adjust the assessment accordingly.
The simplest way to approach the model would be to look at the current worldwide value of all the mediums of the exchange and look at all the stores of value compared to bitcoin and calculate the approximate percentage value of bitcoin. The major means of exchange is government-backed money, and for our model we will focus solely on them.
Roughly, M1 (which includes M0) is currently equivalent to approximately US $ 25 trillion, which would serve as our current worldwide value of means of exchange.
The M3 (which includes all other buckets) minus the M1 costs around US $ 45 trillion. We will include it as a store of value that is equal to bitcoin. We will also add an estimate for the worldwide value of gold held as a store of value. Although some may use jewelry as a price, for our model we will only consider gold bullion. The US Geological Survey estimated that at the end of 1999, there was approximately 122,000 metric tons of available above-ground gold. Of this, 48 percent, or 58,560 metric tons was in the form of private and official bullion shares. At an estimated current price of $ 1,200 per troy ounce, the amount of gold today is above US $ 2.1 trillion.
Since silver supply has declined in recent years and governments are selling significant amounts of their silver bullion, we reason that most silver is being used in industry and not as a store of value, And our model will not be included in silver. Overall, our estimate for the global value of reserves of value compared to bitcoin, including savings accounts, small and large time deposits, money market funds and gold bullion, comes to US $ 47.1 trillion.
Our total estimate for the global value of the means of exchange and reserves of value is thus US $ 72.1 trillion. If bitcoin were to achieve 15 percent of this value, it would have a market capitalization of US $ 10.8 trillion in today’s money. With all 21 million bitcoins in circulation, 1 bitcoin will cost $ 514,000.
Today’s rate of bitcoin is shown in the graph below. You can get an idea of what the rate of bitcoin is running today and you can also click here to know the rate of bitcoin today.
How to earn Bitcoin
If you can say in the asana language then you can find bitcoin in 2-3 ways. The simple way is that you buy a Bitcoin Directly for $ 656. And when you have a high rate, you can make good money with it. Suppose you take a bitcoin of $ 656, then in a few days it costs $ 756, then you can sell it at that time, you will get a direct benefit of $ 100 directly. And $ 100 is approximately 6700 in Indian Rupees.
Sell Product: –
The other way, if you sell something to someone, then instead of taking a bit of it. You will get a bit of cotton in your online account and if you have a higher rate. Then sell it. These are two ways to earn simply bitcoin and earn more money than that. But the third way is that you can buy bitcoin without buying any luggage or buying a bitcoin without it.
Bitcoin Mining: –
To earn bitcoin, we need a very good processor computer whose hardware is very good. As I said, bitcoin is used for online payment. When someone makes a payment from bitcoin, there is a problem of some maths to verify the payment that has to be solved. And to solve the problem of those maths, a great computer is needed to quickly solve the problem of those maths. If your computer is so powerful, then there may be a problem solvable of Walmart. So you can get some bitcoin in the form of a commission. It is called bitcoin mining. And by doing so, ham bitcoin can earn but this method is a bit difficult.
As you can see in the photo. These computers are used for mining the bitcoin. And this computer is very demanding and power also uses too much.
How to Buy Bitcoin
To buy bitcoin, you will need an exchange where you can take bitcoin instead of your currency. There are some exchanges in India where you can buy bitcoin like.
With the help of these exchanges, you can easily buy bitcoins from them, for this. You just need to sign up and pay the bitcoin in your account as soon as you make a payment.
In this post, you have given full information about how to earn a bitcoin, history of bitcoin, investment in bitcoins, today’s rate of bitcoin, bitcoin information, bitcoin address, bitcoin, and if any question is made Comment below.