Guidelines by Yee Kok Siong For Participation in The Bitcoin Economy



The Bitcoin economy is cumulativing at a very fast rate, as more and more startups enter the sphere and effort to provide traditional services by Bitcoins.

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The Bitcoin economy is cumulative at a very fast rate, as more and more startups enter the sphere and effort to provide traditional services by Bitcoins. You have everything from a market of books alias Amazon style but only in Bitcoins to promoting platforms like to Google AdSense but in the Bitcoin economy. As Bitcoin goes more mainstream, these are only going to rise in number and scope, therefore offering a brilliant opportunity to get on board with this at an initial stage.


The great benefit of entering the Bitcoin economy currently is that you’ll get in on this technology at the ‘innovator stage’ and you’ll have the chance to be one of the leaders. Businesses that work in the current Bitcoin economy also enjoy a free advertising of their business within the Bitcoin community.


The benefits of being part of the Bitcoin community should also be understandable – factually zero transaction costs for trans-continental money transfers, immediate transfer of money without any third-party postponements and capability to reach everyone on the earth who has access to the internet.


The micro Bitcoin economy is already prosperous. Now you can do the customary micro-tasks from organizations such as CrowdFlower on the Bitcoin platform and make your first Bitcoins that way. If you’re a professional, there are plenty of decent opportunities to promote your business to the Bitcoin spectators through services like Coin URL.


On a private finance front, it is greatest to save a protected wallet online at one of the reliable wallet services and then start earning some small quantities of Bitcoin just to catch a feel for how this economy functions and how you can influence this. If you have right to both fiat and Bitcoin in a liquid market, there are plenty of occasions where you can pay in one and accept in the other to get the most out of your business. The market is still not faultless and there are arbitrage chances through exchanges and goods and services.


Being part of the Bitcoin economy at this thrilling phase should show extremely advantageous to your business as well. You’ll be capable to reach spectators that would otherwise be very tough to woo – the people at the technological forefronts of our society.

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