Subscribe_128x128_red

What Is Bitcoin? Heres A Good Way To Get Started

images

I recently started investing in Bitcoin. I’m taking it slow and investing wisely as I can. Silicon VC’s Andreeson Horowitz recently invested in Coinbase where I keep my Bitcoin wallet and buy it. Check it out, its a good place to start at: http://bit.ly/18rm1PB

What Is Bitcoin?

Bitcoin is the world’s most widely used alternative currency with a total market cap of approximately $10.4 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world. Bank of America recently recognized it as a forthcoming currency for analysts and many others are adopting it.

To Trade Bitcoin you need a “Wallet” and a way to buy. Coinbase is based in San Francisco, CA. The Company was Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. http://bit.ly/18rm1PB

Key Metrics

627,000 consumer wallets
16,000 merchants
U.S. bank integration

A great way to start is to read up on it and join Coinbase or another wallet service. I like Coinbase because it carries the backing of Silicon Valley VC’s that invested in Twitter, Facebook etc. You do have to be careful on the web where you put your money.

Have you invested in Bitcoin hot new currency? B of A and Silicon Valley VC’s are in, setup details at http://bit.ly/18rm1PB