What can you do with Bitcoin today?
Bitcoin came out almost exactly 10 years ago. While the name of the inventor is still unknown, although the inventor or inventors are using the name Satoshi Nakamoto, it has gained popularity ever since. With its ups and downs Bitcoin has always been very volatile, with price rises or drops of 40 or more percent a day not very uncommon.
So far the highest price of Bitcoin was on December 17, 2018, when it reached $19,783.06. At the time of writing this article the price is at $3,958.95 and it has been between $3000 to $4000 for quite a few months now. Compared to its high in the end of 2018 it doesn't seem much, but then again, it started with a value of just $1, and anyone thinking that Bitcoin days are numbered are most likely very wrong. There are a number of people who are saying that the current price is waiting for Bitcoin ETFs and once that happens the price of Bitcoin will start increasing a lot again. Some other people say that ETFs shouldn't matter. Which of the views is correct is rather hard to say, but one thing is sure - Bitcoin is here to stay.
But right now, what can you buy for Bitcoin? What can you do with Bitcoin besides, well, buying, selling, and holding Bitcoin? We've probably all heard stories about the pizza that was bought for 10 000 Bitcoins back in 2010 when Bitcoin was worth $41. And that wasn't actually an available payment method back then. But today it might actually be possible. So what can you do with Bitcoin today?
An increasing number of web businesses are accepting Bitcoin as a payment option. And it doesn't matter which niche we are talking about. You could book your next holiday with Expedia or even pay for your flight to outer-space with Virgin Galactic. You can buy apps for your phone through Microsoft App Store. You can even buy furniture at Overstock. And these are just some options worth mentioning.
While, depending on where you live, there might not be hundreds of possibilities yet, there are most likely a few options to shop using Bitcoin near you - to buy food, electronic goods, clothes, etc. To find them you can check coinmap.org.
Bitcoin can be used to gamble and play poker - according to this article there are already quite a few poker rooms that have been built to accept just cryptocurrencies and some others that just accept Bitcoin as one of their payment options.
And of course, you can do what people have been doing with Bitcoin all the time - buy, sell, and hold. And now you can also use bitcoin to trade not just Bitcoin, but also use your Bitcoin to trade forex.
As you can see, there are actually a number of ways you can use Bitcoin today, and I'm sure you can find even more if you wanted to.
So far the highest price of Bitcoin was on December 17, 2018, when it reached $19,783.06. At the time of writing this article the price is at $3,958.95 and it has been between $3000 to $4000 for quite a few months now. Compared to its high in the end of 2018 it doesn't seem much, but then again, it started with a value of just $1, and anyone thinking that Bitcoin days are numbered are most likely very wrong. There are a number of people who are saying that the current price is waiting for Bitcoin ETFs and once that happens the price of Bitcoin will start increasing a lot again. Some other people say that ETFs shouldn't matter. Which of the views is correct is rather hard to say, but one thing is sure - Bitcoin is here to stay.
But right now, what can you buy for Bitcoin? What can you do with Bitcoin besides, well, buying, selling, and holding Bitcoin? We've probably all heard stories about the pizza that was bought for 10 000 Bitcoins back in 2010 when Bitcoin was worth $41. And that wasn't actually an available payment method back then. But today it might actually be possible. So what can you do with Bitcoin today?
You can pay with Bitcoin in online stores
An increasing number of web businesses are accepting Bitcoin as a payment option. And it doesn't matter which niche we are talking about. You could book your next holiday with Expedia or even pay for your flight to outer-space with Virgin Galactic. You can buy apps for your phone through Microsoft App Store. You can even buy furniture at Overstock. And these are just some options worth mentioning.
You can pay with Bitcoin in shops near you
While, depending on where you live, there might not be hundreds of possibilities yet, there are most likely a few options to shop using Bitcoin near you - to buy food, electronic goods, clothes, etc. To find them you can check coinmap.org.
You can use Bitcoin to play poker
Bitcoin can be used to gamble and play poker - according to this article there are already quite a few poker rooms that have been built to accept just cryptocurrencies and some others that just accept Bitcoin as one of their payment options.
You can use Bitcoin to trade in forex market
And of course, you can do what people have been doing with Bitcoin all the time - buy, sell, and hold. And now you can also use bitcoin to trade not just Bitcoin, but also use your Bitcoin to trade forex.
As you can see, there are actually a number of ways you can use Bitcoin today, and I'm sure you can find even more if you wanted to.
more in bitcoin
Paying telegram crypto bots
Different crypto bots come and go all the time - but which ones are working now and actually paying out? Before investing any money in any of them, be sure to check their community chat to confirm they are still paying out.
Different crypto bots come and go all the time - but which ones are working now and actually paying out? Before investing any money in any of them, be sure to check their community chat to confirm they are still paying out.
Is it worth mining Bitcoin on your laptop?
In general, it is not a good idea to try mining Bitcoin with your regular laptop without an ASIC chip because your laptop is definitely underpowered. But...
In general, it is not a good idea to try mining Bitcoin with your regular laptop without an ASIC chip because your laptop is definitely underpowered. But...
Bitcoin ETFs, do they REALLY matter?
We have talked a bit about Bitcoin ETFs and how they could push up the price of Bitcoin, but there's a hidden danger in thinking about it like that. While it is true that Bitcoin ETFs might push Bitcoin price up a lot, talking about it and hoping for it might have a totally opposite result, at least short term. The market makers have done a good job trying to convince everyone that Bitcoin ETFs are a must for crypto growth. In reality, crypto has been doing good without the ETFs as well, and the reason why it might be influencing the price now, is the expectation of it, not much else. If you look into it, Bitcoin ETFs have been denied for the last five years, although they have been pushed all the time. Bitcoin ETFs for now are for Wall Street to make money. But Wall Street managed to miss the boat getting in cheap into the crypto market. So now they have convince everyone that the ETF proposals are paramount for the market to ever go up again. Most, if any, ETFs won't be approved this year, and this fact is being used by the big market makers to further drive down the price of Bitcoin, to buy it as cheaply as possible. The ETF proposals are in fact clouding the crypto market with the manipulative messages. Crypto market is not about ETFs, it's about its technology and adoption - and things are going great from this perspective. We should all forget about ETFs for now and Bitcoin price will again start increasing soon.
We have talked a bit about Bitcoin ETFs and how they could push up the price of Bitcoin, but there's a hidden danger in thinking about it like that. While it is true that Bitcoin ETFs might push Bitcoin price up a lot, talking about it and hoping for it might have a totally opposite result, at least short term. The market makers have done a good job trying to convince everyone that Bitcoin ETFs are a must for crypto growth. In reality, crypto has been doing good without the ETFs as well, and the reason why it might be influencing the price now, is the expectation of it, not much else. If you look into it, Bitcoin ETFs have been denied for the last five years, although they have been pushed all the time. Bitcoin ETFs for now are for Wall Street to make money. But Wall Street managed to miss the boat getting in cheap into the crypto market. So now they have convince everyone that the ETF proposals are paramount for the market to ever go up again. Most, if any, ETFs won't be approved this year, and this fact is being used by the big market makers to further drive down the price of Bitcoin, to buy it as cheaply as possible. The ETF proposals are in fact clouding the crypto market with the manipulative messages. Crypto market is not about ETFs, it's about its technology and adoption - and things are going great from this perspective. We should all forget about ETFs for now and Bitcoin price will again start increasing soon.
Current Bitcoin price prediction
The price of Bitcoin is extremely volatile. Just two days ago in gained around 10% in value. Compared to December 2017 the price is still more than $10k lower. But where will Bitcoin be by end of 2018?
The price of Bitcoin is extremely volatile. Just two days ago in gained around 10% in value. Compared to December 2017 the price is still more than $10k lower. But where will Bitcoin be by end of 2018?
Good Reasons To Buy Bitcoin Now
Should you be investing in Bitcoin now? The answer is probably yes. While all cryptocurrencies are very volatile and truth be told, anything can happen, there's a good chance Bitcoin is now going to start gaining in value again.
Should you be investing in Bitcoin now? The answer is probably yes. While all cryptocurrencies are very volatile and truth be told, anything can happen, there's a good chance Bitcoin is now going to start gaining in value again.
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