BITCOINS... What are BITCOINS and What can BITCOINS do for YOU Financially Now,

"Bitcoins" and crypto-currency

You will be hearing more and more about "bitcoins" and crypto-currency over the coming years as it's popularity and use has been spreading to offline and online companies as an alternate payment method to the standard PayPal and Payza payment methods. There are even machines in the UK now similar to a soft drink machine where you can exchange euro's for bitcoin, or bitcoin for euro's. As of February 2015 (two years ago!), over 100,000 merchants and vendors accepted bitcoin as payment. Now 2 years later in 2017 I've read where merchants accepting bitcoins as payment has quadrupled to over 400,000. It's also used as an investment medium since when first introduced they cost a mere pennies a piece per coin, that coin value was back in 2009.  

If a person (and there were many) that took a chance back then and bought bitcoin at a price of 7 cents each, and they bought only 1000 of them ($142.85), at the price per bitcoin (as of the original date of this editorial 3/13/17) of $1202.17 per coin, those people would be worth $1,202,170.00 and it only took them 8 years of holding onto their bitcoins so... they actually earned $150,271.25 per year - a nice profit. [original article post]

I've heard about bitcoins for many years now but never took it seriously. My thought process was if I can't touch it, hold it or see it then how it could possibly be real, so for the time being and back then I simply ignored all the talk about it and considered it a fad, something that would eventually pass, sort of like the pet rock.

Bitcoins cannot be seen or held because they're "crypto-currency" and they exist in the digital world. Similar to how when we send dollar currency from one bank to another or we send a credit card payment from our bank to the credit card company, money doesn't actually change hands, digital information does. In its most basic sense that's what bitcoins are... digital currency that exists in the digital world which has value and can be used just like standard "printed" money.

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