Bitcoin Training Academy
What is Bitcoin?
Bitcoin was conceived in 2008 by it's founder Satoshi Nakamoto as a response to the 2008 Global Financial Crisis (GFC). It is unknown who Satoshi was. It's assumed Satoshi Nakamoto was a pseudonym. It may have been a man or a woman. He/she developed Bitcoin as an alternate currency, which is a digital currency. Not many people have cash in their pocket now, everyone uses a plastic card, so we're using digital money everyday now. Bitcoin is just an advanced form where we can send this particular currency to any person in the world who has a Bitcoin wallet or account within minutes. The fees are tiny compared to what banks charge us for transferring our money. And we all love how the banks love to charge us for the priviledge of transferring our money, don't we?
Bitcoin transactions are recorded in a public list called the Blockchain. Basically, Bitcoin is an online type of cash, and can be exchanged for real money. Bitcoin is the way of the future, and this should interest absolutely anyone who is looking for financial freedom. This includes investors who are looking to diversify from more traditional portfolio options like fixed investments, stocks, property, gold etc. If you have already started to accumulate Bitcoin, and are inclined to hold Bitcoin, perhaps it is time to think again.
Major Financial Institutions are Investing in Bitcoin
Institutional investors are growing their allocation towards cryptocurrencies from 22% last year to 27% according to a new survey by Fidelity Wealth Services investment advisory group.
From November 2019 to early March 2020, 800 investors across the U.S. and Europe were interviewed, 400 of them in each continent.
The survey spanned a variety of investor segments, including high-networth individuals, financial advisors, family offices, crypto hedge and venture funds, traditional hedge funds, endowments and foundations. About 70% of survey responses were collected online and about 30% were collected via telephone, they say.
Fidelity finds that for almost 80% of investors there is something appealing about digital assets. The most appealing characteristics are the lack of correlation with other asset classes, exposure to an innovative technology and high potential upside.
Ways to Acquire Bitcoin
The best avenue to acquire Bitcoin has changed overtime. This has been due to the evolution of Bitcoin as designed by its creator Satoshi Nakamoto. Below are descriptions of the three ways to acquire Bitcoin.
The important takeaway here is that Bitcoin is in digital format, made up of numbers. That’s the form it is created in and stays in for its entire life. When Bitcoin was first created it was setup to “mint” or print money at set intervals. And at each interval a certain amount of coins are released in a batch. The interval is roughly every 8 minutes and each batch is called a block. So every 8 minutes a block of coins is released. Each block currently in 2020 contains 6.25 BTC (AUD $88,750) and every four years the amount of coins halves. In 2009 each block contained 50 Bitcoin (BTC).
There are millions of equations surrounding each block and they are math problems that need massive amounts of computer power to solve. Not every equation has to be solved to free the coins, in each block there is a winning equation that unlocks the block but this could be the first, seventieth or second millionth equation attempted.
A computer takes one equation at a time and solves it, at which point the block either unlocks or says ‘try again.’ The computer then tries the next equation and so on until the block releases the coins. How fast each equation is solved depends on the speed and power of the computer solving the equation. In a nutshell that is all there is to mining cryptocurrency like Bitcoin.
The cost of electricity in combination with the lesser number of Bitcoins being released each time has all but made Bitcoin mining unviable.
Some people are put off by the high price of one Bitcoin, however it can be divisible to 8 decimal places, so a lot of people start off by buying only a small fraction, even $50 worth. There are two main ways to obtain Bitcoins – buy them from an exchange, or receive them for goods and services. There are many reputable Bitcoin exchanges in Australia and setting up an account is very straightforward. Most will ask for a few forms of identification but once you are set up you can buy and sell bitcoins with just a few clicks. Some even offer setting up regular purchases. Here are a few of the larger Australian exchanges.
Once you purchase the Bitcoins using Australian dollars they will become available in your account for you to send elsewhere. As with real money, it’s important to get a good wallet.
Where to store your bitcoins
Securing your wallet is the most important aspect to owning bitcoins, and it is recommended not to keep your coins on an exchange. There are several wallet options you may consider, depending on the level of your investment. For small amounts, using a mobile app such as Mycelium (Android) or Xapo (iPhone) stores the private keys to your funds on your phone. Typing in long bitcoin addresses when you want to send payments is inconvenient so most wallets use scannable QR codes to send and receive. You can also store your bitcoins on a laptop or computer using software like Bitcoin Core. .
Earning Bitcoin through an investment club is the best avenue to grow a Bitcoin balance in 2020.
An investment club works by members (mostly with very small Bitcoin balances) pooling
their Bitcoin together to the benefit of all members.
The leading and fastest growing Bitcoin investment club today is Mirror Trading International (MTI).
It helps members to grow their Bitcoin by making it work for members. MTI uses the pool of Bitcoin to trade on the Forex currency exchange 5 nights a week, just as the banks of the world do, with great results to benefit members.
Banks and financial institutions collectively use your money in your bank accounts to trade 5 nights a week on the Forex currency exchanges and they keep the profits. With Mirror Trading International you keep the profits. Your Bitcoin/money is working for you.....
More information below from MTI
When you register with Mirror Trading International, you can join with a minimum of USD$100 (AUD$150), which will go into a pool.
From there it is traded on your behalf, so no trading knowledge is necessary at all. Each day from Monday to Friday,
trades are opened and closed and you will receive a statement the following day, detailing the trades and the profit made.
At this point the trading is realizing a profit of about *10% a month, but this is a conservative quote and in reality the profits may be higher.
Better to understate rather than promise the moon! To see past currency trading returns Click Here.
*Past performance is not indicative of future results.
This is all you need to do should you wish to just invest and sit back while your Bitcoin quietly grows at a slow but steady pace.
The best part of this automated system is that your MTI balance grows each night as the money earned each night adds
to your account balance. This means each night you start with a higher account balance to earn money from. Effectively you are
earning compound interest.
Albert Einstein declared "Compound interest is the eighth wonder of the world. He who understands it, earns it...he who doesn't....pays it."
Should you wish to refer anyone to MTI, (Completely Optional) you will receive a 10% commission, paid into your account within hours of the new account being approved.
Now if you would like to build a team, this is where you stand to make some excellent money. Based on the traditional binary system, you will need to refer at least two people. To qualify for the weekly binary bonuses you will need to have a minimum of USD $200 in your own position, and have the two referrals. As soon as these criteria are in place, you will start earning the binary bonus. Please note this is not a ponzi scheme, as your investment return from MTI is not dependant on new memberships, but rather the returns come from the currency trading that MTI does five nights a week. Just like the banks of the world do.
Now imagine as your team grows, and the amount of Bitcoin in each leg increases...so too will your weekly Binary Bonus increase. This bonus is about *0.7% per week, which may not sound like a big amount, but for every $1000 invested by your weaker referral, you will earn about *$7. This is per week, and an additional *$28 per month in this scenario and it only grows from there!
Please remember that Mirror Trading International is a real company, and like any business, if there are no profits there can be no bonuses for that week. The trading profits are divided among the members, admin, traders and the binary bonuses. Early September 2020 MTI has a membership of 160,000 worldwide.
This is a real opportunity and it is already starting to change lives. Every day we hear how people are able to pay all their monthly expenses on time, pay school fees, make purchases they have only dreamed of before, book holidays etc. Withdrawal requests are processed within 48 hours, so long as it is not over a weekend.
You too can start to benefit from this marvelous opportunity. Remember, your trading pool balance will fluctuate with the changing Bitcoin price, but your Bitcoin WILL be growing, and when the price of Bitcoin rises, you will be perfectly placed to take full advantage.
Videos on all aspects of the business are available on how to register, fund your account, team structuring, withdrawals and more, and we will be happy to help guide you and set you on the road to financial freedom.
*All figures are based on current history and future results cannot be guaranteed.
Find More Information here.
With a combination of experience in the banking industry, IT industry, entrepreneurial coaching, business networking development and cybercurrency research, the team at the Bitcoin Training Academy are well placed to help you get started with Bitcoin.