What are bitcoins?
16 Aug 17
Storing CryptoCurrency in online wallets is not recommended. If you have huge amount of CryptoCurrency, we should store it in hard wallet or OFFLINE wallets like Trezor or Ledger Nano to be safe from hackers. Online Wallets are for exchanging or payment processing like PayPal. It is not advisable to keep your money online.
15 Aug 17
It is a DIGITAL CURRENCY or VIRTUAL MONEY but officially defined as COMMODITY which value is now higher than gold. Just like FOREX trading we have a chance to earn/lose huge amount of money investing on it. If we buy 1 Bitcoin now @ $4000 plus and if the price continue to soar we could have smaller profit compare to the early birds who bought Bitcoin when the price was only @ $2 and below. If the price drops we lose, but we can just keep it and wait when price rise again just like what happened in the past. Bitcoin price reached $1200 then dropped (to maybe $100 and below) and rose up again now it is predicted to reach $5,000 soon. I started using Bitcoin in 2015 the price was around $200. If I only kept my 3 BTC earning from bitLanders I have more money now. In the USA, you can buy Bitcoin at Coinbase.com and it is recommended to keep CryptoCurrency in Trezor or Ledger Nano to be safe from hackers. @amadeo