BitEsprit - Cryptocurrency Blog

Where to Get Bitcoins and What to Buy with Them

May 23, 2019 Bitcoin, cryptocurrency, Mining Evelyn Montgomery 0

The great thing about bitcoins is that you cannot fake them, forge them, or inflate them. You can use them for any amount of money in almost any part of the world, with small transaction fees. All you need is a bitcoin wallet, which no government can control or freeze. Plus, you control the bitcoins […]

Who Uses Bitcoins?

April 30, 2019 Bitcoin, cryptocurrency, Mining Evelyn Montgomery 0

Bitcoin is a digital or virtual currency first created by an anonymous person who uses the alias Satoshi Nakamoto. There is no middleman, no government control, no banks, and you can buy almost anything with it – from travel (space travel even) to clothes on Overstock.com. It might be surprising, but bitcoin is mostly being […]

What Does “Mining” Mean?

March 1, 2019 Bitcoin, cryptocurrency, Mining Evelyn Montgomery 0

One way to learn about bitcoin is to learn the terminology. There are very specific words that are used to discuss bitcoins, and knowing these words will help you not only find more information about bitcoin, but also to explain it to others and to use it properly. Mining This word is simple to understand […]

What Are Bitcoins and How Do They Work?

January 15, 2019 Bitcoin Evelyn Montgomery 0

Bitcoin is the most popular cryptocurrency out of hundreds of others. Cryptocurrency is a type of digital or virtual currency that you can use to pay for goods and services. The value is determined by a myriad of factors. Bitcoin is literally one of the most versatile cryptocurrencies around the world. Essentially, cryptocurrency is supported […]

The Pros and Cons of Using Bitcoins

December 5, 2018 Bitcoin, cryptocurrency Evelyn Montgomery 0

Whether you call it cryptocurrency, virtual currency, or digital currency, bitcoin is a type of new currency that you should learn all you can about before you buy it, mine it, or use it to pay for products and services. There are pros and cons of using bitcoins that all users should be made aware […]

Other Digital Currencies

September 21, 2018 cryptocurrency Evelyn Montgomery 0

Bitcoin is the main digital currency that everyone is talking about right now. But, as investors close in on the 21 million coins that exist, other currencies are gaining in popularity. Whether this is a good thing or a bad thing is still unknown. But, when you think about it, any type of money is […]

Making Money with Bitcoins

August 14, 2018 Bitcoin Evelyn Montgomery 0

Believe it or not, you can make money with bitcoins – and in more than one way. Even though there are only a total of 21 million bitcoins, the value of each coin goes up over time (and down sometimes) depending on the market. You can make money by mining for bitcoins, buying and selling, […]

FAQs about Bitcoins and Where to Find Out More

July 16, 2018 Bitcoin Evelyn Montgomery 0

Learning all you can about bitcoin is an important endeavor before you get started mining for it, using it, or buying it. Without knowledge, you’ll be more likely to fall for a scam or make mistakes due to misunderstanding. Keep learning about this important programmable currency so that you can succeed. Are Bitcoins Legal? Because […]

Eight Facts about Bitcoins

May 15, 2018 Bitcoin Evelyn Montgomery 0

Let’s talk a bit about bitcoins so that you can ensure that you know what you’re getting into before you start trying to use or buy bitcoins for your transactions. Bitcoins can be quite confusing, so ensure that you truly understand everything before you move forward. Here are eight facts to consider. 1. Bitcoin Is […]

Eight Common Bitcoin Scams

April 30, 2018 Bitcoin Evelyn Montgomery 0

Bitcoin is a type of cryptocurrency or digital currency in which units are generated via encryption techniques. It’s a type of peer-to-peer transfer called mining. It’s not backed by the government or any regulatory body. It’s ripe for scams since there is no real regulation on it, and in some people’s mind bitcoin is a […]