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Before You Buy Bitcoin, you must Read This

First of all, when was bitcoin created? In 2008 Satoshi Nakamoto put a paper up on the internet that that described the idea of bitcoin and the blockchain where bitcoin, I guess you could say resides. Bitcoin is a decentralized currency.  What does that mean? Think about it this way. If I wanted to pay you some money, I would have to send that money to our bank. The bank is the middleman. Well, for a decentralized currency, there is no middleman, there is no government in between me and you we are the currency. Bitcoin is a decentralized currency that runs on a technology known as blockchain. Once bitcoin is exchanged or transferred to somebody else, that transaction is verified by a miner and when miner verifies a certain amount of transactions, they will actually earn bitcoins. Bitcoin was the first decentralized digital cryptocurrency and one of the reasons for its success, it has low fee whenever you transfer it, it can be in any country, your account can never be frozen overall it is an exciting time.

Bitcoin is a digital currency. It doesn’t actually exist; you can’t hold it in your hands or put it in your physical wallet. It’s only electronic. You have web wallets for them and you put or store it there.  And unlike currencies produced by governments also known as fiat currencies, there is a limited supply of bitcoin. This means when your government wants to print more money, they can just go print. Printing more and more money sometimes devalue the currency. One thing that made the value of bitcoin skyrocket is there is a limited supply. There will only be 21 million bitcoin ever in existence.


How can you get a bitcoin?

Well, you can just flat out purchase it and that’s what I do. Coinbase is a location online where you can purchase bitcoin.  It’s where I go.  It’s what I have found to be the trusted, secure and safe place to buy bitcoin. Click this link and get start to purchasing bitcoin right away. Once you purchase your bitcoin on coinbase, Where do you store it? You have a couple of choices. You want to typically take it off the exchange and put it I something that’s more secure that you hold the security for. You could put that in the digital wallet, which may be stored on your laptops or computers or even on a device that you plug into your computer. You can even store it in what is called a paper wallet and what this is, and its literally on a piece of paper. It’s done by printing out the details of the bitcoin with its password on the paper. Don’t lose the paper, keep it safe put that in the bank locker and store it very safe. I LITERALLY MEAN VERY SAFE. 

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What keeps bitcoin safe

Everyone has a public key or a private key. Think about it like a post box and you have a letter that you want to put in the mail. You can put that letter in the mail. That is a public key.  Anybody can put that letter in the mailbox. Now the private key would be owned by the postman. Only the person with that private key can get the mail out. So, everyone has a public key and that means anyone who has the public key can put bitcoin in that address just like anyone can put mail in the mailbox, but only you have the private key to your bitcoin mailbox and only you can withdraw the funds. Never let anyone get that private key. 

Recently, an internet marketer had a video going and in the background, on his computer, he had his private key displayed. Somebody zoomed in got the private key and took over $15000 of bitcoin from him. DO NOT LET PEOPLE GET YOUR PRIVATE KEY.

All right guys, so I’m sure you want to get some bitcoin. Get bitcoins right now from coinbase. Even you just want to get a very small amount go ahead and get started right now. Click this link to enter the world of bitcoin. This is the best place for you to get started. Also, you can buy a license of the second biggest competitors of bitcoin which is dash coin. And the most trusted license provider is netleaders. So a little bit of investment can make you a millionaire just like bitcoin did.

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