BitCoin Rush | Kabir Khan | Skillshare

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Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

8 Lessons (20m)
    • 1. Introduction to BitCoins

    • 2. How does BitCoin work and History of BitCoins

    • 3. Ways to cash in on BitCoins and Cryptocurrencies

    • 4. Simple steps to mining and Mining Digital Currencies Part 1

    • 5. Mining Digital Currencies Part 2

    • 6. Trading in BitCoins and Cryptocurrencies

    • 7. Accepting BitCoins

    • 8. Getting Free Bitcoins

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About This Class

Dear Friend,

You might be already aware of this NEW digital currency known as BITCOIN, you might have heard it from the news, or even from your friends... and you’ve even heard about some of the stories being told about overnight millionaires that seem rather surreal.

You’ll be guided by a complete and easy to
understand guide on Bitcoin and Cryptocurrencies –This effectively cuts
down on your learning curve and confusion and gives you a competitive
edge against other new Bitcoin investors.

Discover the 3 Main methods that are being
used to make money right now - includes both FREE and PAID Methods.
Note: Free methods are usually slower but have less risk on you...
while Paid methods can speed things up for you dramatically.

Carefully documented and organized guide
complete with Illustration ensures that you can understand a complex
subject easily. This isn’t just a Bitcoin Guide... it’s about
Cryptocurrencies in general as well.

Learn the 4 Trading strategies that experts use to trade between the cryptocurrencies and Bitcoin that can’t go wrong.

Acquire a Simple Quick Start Guide that clears
all confusions, and get you laser focused to move into the earning
stage.  No previous experience required.

... and so much more!

Listen... as in all powerful money making trends, you need to act fast before it’s too late. You need to jump in while the market is still hot and fresh to ensure that you become one of the pioneers in the game.

Now the Bitcoin World is still in its BABY stage and thus this makes it the perfect time for you to go in while things are starting to stabilize and get ready for the next wave... because when it hits... it’s going to hit really hard and if you are ready for it... you are going to make so much money, it’ll make other online money making methods look irrelevant (and pointless).

That’s right, Imagine, just taking one of the FREE methods from our Bitcoin RUSH guide and acquire yourself 0.01 amounts of Bitcoin and at the end of this year... it could be worth 10x or even 50x more than your investment today!

Meet Your Teacher

Teacher Profile Image

Kabir Khan

CTO-GT Academy


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1. Introduction to BitCoins: What is Bitcoin and Cryptocurrencies? Let's begin. Did you know that Bitcoins Air deemed is the future of currency? And that is one of the fastest ways to make money in the online world at the moment. However, what exactly is Bitcoin? If you are new to this field or have just heard of Bitcoins, then there's probably a lot of questions on your mind right now. What is Bitcoin? Bitcoin is a form of digital currency. In 2013 this digital currency suddenly shot up in price from $13 to an unbelievable price of over $1000. Its popularity soared. After that, Bitcoins are in fact a kind of electronic money. The first Cryptocurrency started circulating in 2009 and over which the government or traditional banking protocols have no control of in traditional currencies. The decision regarding the amount to be printed depends heavily upon factors such as inflation and is governed and regulated by a central bank. Contrary to this, there is no central authority to regulate Bitcoin and other cryptocurrencies supply in transactions. It is the people's confidence in this digital currency that designs its value, So the more people who believe in it, the better the demand and the higher the price will go the use of Bitcoins. You can use Bitcoins to purchase things from people who accept these electronic currencies . Moreover, since these coins air digital, they can even be transferred over the Internet through the proper software, thereby leading to successful online transactions. Bitcoins are quite an attractive proposition if you're looking forward to the settlement of international transactions but hate being plagued by exchange rates or bank charges. The aftermath The wild success of Bitcoin has inspired the launch of a number of other competing crypto currencies, such as PPC coin fright coin, light coin, Dodge coin and so on. You can go toe crip si dot com for a list of tradable and active coins that are available today. 2. How does BitCoin work and History of BitCoins: How does Bitcoin work? Bitcoins air actually generated by computers online by dealing with difficult math tasks and is more widely known as Bitcoin mining. The math tasks in the Bitcoin mining our program to progressively increase in difficulty. This means it will become more and more difficult to mine Bitcoins over time, and the total amount of bit coins that will ever be mind is capped at 21 million coins. Hence, because of this very unique arrangement, no central bank is control over the flow of Bitcoins or can manipulate its value, which is already in circulation. All the computers in the network are coated to be used to monitor and verify the validity of each Bitcoin that his mind and all the transactions between users around 25 new Bitcoins are mined every 10 minutes, which is why I'm or and more Bitcoin miners or building powerful computers just for the use of Bitcoin mining. Bitcoins can be bought, sold or traded with real money in a lot of online exchanges. One of the biggest advantages of Bitcoins and digital currency is that it can be used in international transactions without any bank charges or exchange rates and the fees air so small it's almost negligible. The history of Bitcoin the beginning. It is essential to understand where Bitcoin and digital currencies come from in order to understand what it has in store for us in the future. The creator of Bitcoin is still a mystery, but there are a lot of people who believe that it was Satoshi Nakamoto who created it in 2007. Bitcoin dot org's first surfaced on the Internet in 2008. The growth. The first Bitcoin transaction was conducted in 2009 between Mr Satoshi and How Finney Ah cryptographic activist and a developer in the same year and Exchange rate is published for this Elektronik currency with a value against US dollars at 13 9.3 b T. C per dollar in 2010. A truly historic event took place when 10,000 Bitcoins, which was worth $25 at the time, was spent on pizza. It was one of the first transactions that involved a tangible product. Today, that amount of Bitcoin will be equivalent to at least $5 million. Coming into present a range of events geared up in 2011 including significant ones like Bitcoin, becoming on par with the U. S. Dollar and offer to sell a vehicle for Bitcoins, the opening of exchange markets with respect to the British pound sterling and Brazilian rial and so on. In 2013 the market capitalization of Bitcoin rose toe $1 billion and in April 2013 the value went beyond $100 from 2013 onwards. Space travel could be conducted in exchange of Bitcoins by Virgin Galactic Ah company that belongs to Richard Branson, the Big Bang. At the end of 2013 Bitcoins in other digital currencies suddenly exploded in price thanks to the power of the media and the Internet, bringing the peak price toe $1000 per coins. The popularity of Bitcoins and other digital currencies bloomed from there. 3. Ways to cash in on BitCoins and Cryptocurrencies: ways to cash in on Bitcoins and other cryptocurrencies. There are four main ways to profit from Bitcoins. The first method is to mine coins and sell them for profits. The second method is to invest in the digital currency with real money and then sell it again for a profit. The third method is to offer services or products in exchange for Bitcoins or crypto currencies. The fourth method is to get free. Bitcoins, the first method mining Bitcoins and then selling it for money, requires a lot of calculations on the miners part. In order to profit from, a good miner has to understand the technical side of this digital currency and the cost of entry that one has to purchase the hardware to mind the coins. The second method, investing in trading in digital currencies, is one of the easiest and fastest ways to get started in making money with digital currencies. It does not require a lot of technical knowledge, but it does require your time to monitor charts and the news for better results. The third method selling your products and services for Bitcoins is one of the most secure ways to acquire Bitcoins over the Internet. The benefit here is that you will not have to pay any of those huge bank or transaction fees. The downside here is that the price of Bitcoins changes rather fast, and you'll have to wait for the right price before you can cash out the fourth method. This is perhaps the slowest method. There are numerous sources out there to grab Bitcoins for free. Most of them will require your time to do something in return, such as clicking or viewing ads and much more. Your first Bitcoin wallet. A Bitcoin wallet is a simple software to keep all your Bitcoins. As the owner of the wallet, you must take extra care to give it a good and lengthy password. Never forget your password. If you lose your password or wallet, all your Bitcoins inside will be gone. Always make a backup of your wallet. You can always back up your wallet by making a copy of it in placing it on another secure hard drive or a thumb drive. It is very easy to get your own first Bitcoin wallet. All you have to do is go to this u R L Below and choose a wallet. Bitcoin dot org's slash e n slash Download 4. Simple steps to mining and Mining Digital Currencies Part 1: simple steps to mining Step one. Get it? Mining digital currencies, Part one. The basics. Mining Bitcoin requires a PC to be running and connected to the Internet. Nine. Stop in order to churn out but coins. This means the cost that you will have to bear to mine Bitcoins or other crypto coins is the cost of the hardware but cost of the electricity and the cost of the Internet fees. The hardware one of the more popular ways and still profitable ways to mind coins these days is to mind crypto coins such as light coin or does coins, and then convert them into Bitcoins later on. What you'll need is a basic PC that can run two or more graphic cards at the same time. What you need to know the PC must be able to withstand the heat produced from running the mining rig. Non stop. The rough estimate for a basic mining rig will roughly cost $1000 it must have a strong enough power supply that can power the graphic cards that you use for mining. One should never use a laptop to mine coins unless you wanted to melt there. Many mining methods out there. Example. Mining with PS three or mining with an a sick minor for a more detailed and very good mining guide with a PC, we recommend this. U R l crypto badger dot com slash build Dash your dash own dash light coin dash mining dash rig. 5. Mining Digital Currencies Part 2: mining digital currencies. Part two calculations for profits. Mining for coins by paying for electricity and the mining rig, so be sure that you calculate how long it is before you actually profit. The golden rule of mining is to mine until the price of your profit is equivalent to the price of the electricity. When the price of Bitcoins is high, you will see a faster R A Y example at the time of writing an estimated cost. In my country, the cost of a mining rig with two GPU cards are 9 to 80. X is about $900 give or take. So if the electricity bill is $40 per month and you're getting about 0.15 Bitcoins a day from middle coin dot com, one would be getting around 0.45 BTC per month. So if the price of BTC is $650.0.45 BTC equals $292.50 per month minus the electricity bill , you get $252.50 per month. At a cost of $900 it'll take you roughly 3.5 months to break even with your cost, and then after that it will be estimated at $252 in profit per month. Note that the calculation above will vary in different countries. Different mining rig builds the cost of hardware available in your country and the price of Bitcoin itself. Of course, if you want to earn more, the general way to do this is to build more rigs with more mining power. But for starters, it's recommended for you to start with a lesser cost. At first, the example that I have shown you is based on a GPU mining rig for a sick miners. You may pay more for the basic hardware, but the good thing is it produces less heat and noise and possibly consumes much less powers. Well again, do your calculations before you choose the right mining rig that you may want to invest in warning. Always take into the calculation the saturation of the coin that you are mining and the ever increasing difficulties that are associated with mining. For best accuracy ease, make sure that the amount that you have Kenbrell the fastest return on investment if it takes too long to generate a return. It is better to try other methods to make money with digital currencies. Go here for a great mining calculator and profitability charts. Coin wars dot com slash crypto currency. 6. Trading in BitCoins and Cryptocurrencies: trading in Bitcoins or other digital currencies. The Two Investment Strategies Strategy number one. The Arbitrage Strategy Strategy Number two. The buy and hold strategy method to Bitcoin's Trading. The concept of investing in Bitcoins is very easy. The main idea here is to buy when the price is low and sell it off. When the price is higher. You will find that both investing strategies that we touch is based on the above concept in order to profit how to get started. There are numerous Bitcoin exchanges online that you conjoined to trade Bitcoins. One of our recommended Bitcoin exchanges online is BTC dash e dot com strategy number one. The Arbitrage Strategy. The arbitrage strategy is a very simple way to make money with Bitcoins. What you need to do is monitor the Bitcoin or crypto charts closely and buy Bitcoins at a very low price. And then when the price shoots high, you sell it back. The good news is that a B t c dash e dot com you can do all this automatically where you can place your buy or sell orders at the price that you want. This strategy is very simple, and you can profit from it almost daily. As long as you follow a tight strategy and do not get too greedy. It is recommended to start small first and get used to the movements of the digital currency's price before investing big dollars Strategy Number two. The buy and hold strategy. The buy and hold strategy is based on the belief that in the future the price of the digital currency, mainly Bitcoins, will be higher than the price is now. In fact, many investors air collecting Bitcoins like a colt and not selling it all, they believe in the future. The price of Bitcoins will be 10 times or 50 times more than the price is now. Some of the reasons why a lot of people believe that Bitcoin's price will keep going up in the future is because it is rare and limited to only 21 million coins. The mining, a Bitcoin, is getting harder day by day. All this means is that it's rarity will cause the price to go way beyond what we've seen today. Another reason for the price increases that the demand of Bitcoin will only increase due to the fact that you can save on transaction fees. When you pay a rarity and demand, it is no wonder why many people are sticking to the buy and hold strategy. Throughout history. The people who made the most money out of Bitcoins and crypto currencies was achieved via this strategy. 7. Accepting BitCoins: accepting Bitcoins who are already accepting Bitcoins. More and more big companies air accepting Bitcoins Right now, let's take a look at some of these big brands. Overstock dot com The humble bundle named Cheap Tiger direct dot com Lamborghini Alley Watch zero Hedge Playboy Virgin Galactic US Hobby Reddit, Zynga Accepting Bitcoins is easy. All you have to do is provide an option for people to pay via Bitcoin goto this u R l for a comprehensive guide on how to accept Bitcoins for your online business. E n dot Bitcoin dot i t slash wiki slash How underscore to underscore except underscore Bitcoin comma underscore four Underscores small underscore Businesses Converting your coins into money So what do you do with the coins that you acquire from your business? You can then sell it off in Bitcoin exchanges or use it to buy other merchandise that accepts Bitcoins. In fact, you can use the coins that you acquired to invest in trade for even more profits 8. Getting Free Bitcoins: getting free. Bitcoins free Bitcoins are out there. As I've mentioned before, there are numerous sources out there that offer free Bitcoin's. Most of them will require your time to do something in return, such as clicking or viewing ads, or work for it and much more. Let us take a look at some of them. Where to find them. Work for Bitcoin offers you the opportunity to search job listings as well as post them. The majority of the work here involves programming. Work in other fields is also available, so you can always find something that you're good at and that interests you bit. Ask dot com Bitcoin Talk Form Services section is another viable place to search for jobs that help you earn Bitcoins. Many of the jobs here can be done within a short span of time, and hence you can earn your digital currencies swiftly. Bitcoin talk dot organ jobs for Bitcoins on Reddit concentrates on dishing out job listings , mainly for programmers, but here you are capable of searching jobs in other fields as well. Reddit dot com slash r slash jobs four Bitcoins Another online job board that comes with a range of job offers is bit gigs. Check out the variety of jobs available. Bit gigs dot com Coin ality is another job say that deals in Cryptocurrencies. However. Unlike other such portals, it follows the innovative approach of listing the jobs as well as displaying them over a map. Criminality dot com Fast start game plan What. First step one. Understand the potential of Bitcoins and pick a method first that suits you. Step to select the type of wallet that would suit your needs and download it. Security note. Make sure you do not forget or share your wallets. Password around. Use a very good password and make sure that you have a backup copy of your wallet at all times. Keeping it simple. Earn Bitcoins using the method of your choice. Choose between mining trading etcetera. Spend Bitcoins on available goods and services, or hold your Bitcoins and sell them off for cash at a very good price. Many people believe that Bitcoin's price is just on the baby stage at the moment, and it will hike to a very high price in the future. Take action now. The future of currencies is here. It is up to you now whether or not you will be part of this mega money maker and make a great amount of money from this trend or if you will miss out on this modern gold rush, start gathering your Bitcoins today, and when the price shoots up again, you could be the next Bitcoin millionaire.