One day, perhaps every business will accept Bitcoin, but for the time being it’s a rapidly growing minority of forward-thinking businesses.
Over 6000 businesses accept BTC, from a stately American boutique hotel overlooking the Savannah River to a Moscow-based online pharmacy discretely shipping some seriously exotic anti-aging medicine. It’s easier than ever, especially with crypto debit cards, to convert Bitcoin into fiat that can be spent anywhere with point-of-sale credit card processing but I’d urge you to support the businesses, large and small, that welcome your payment in Bitcoin. They are your comrades in the economic revolution for a freer, saner world.
Who Accepts Bitcoin…
How to Get Bitcoin
Many will tell you “Don’t buy Bitcoin now, it’s peaking! The opportunity has passed…” Well, they were saying the same thing when Bitcoin was at $20K, $10K, and when it reached parity with gold and I’m sure they’ll be saying the same thing when reaches $100K or $1M. I’d contend that until Bitcoin dethrones the US Dollar as the world reserve currency, there’s huge upside potential. Unless you can get in the Delorean and travel back to 2008 the best time to buy Bitcoin is now.
Bitcoin.org is a community funded project, donations are appreciated and used to improve the website.
How should you manage your reserves of Bitcoin? I’d suggest simplicity…
- HODL — Hold onto your Bitcoin until its value increases by 40%.
- Diversify — Put 10% into Altcoins like Ethereum or Monero and another 20% in stablecoins (gold-backed cryptocurrencies are your best bet) that will hold value.
- Spend — 10% on the things you want or need; reward yourself for your sapient investing decisions and support the cryptocurrency economy.
Repeat as the value of Bitcoin grows over time.
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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What holds a lot of businesses back from accepting Bitcoin is the transaction fees and confirmations’ lagtimes. Fortunately, there’s a solution to this, the Lightning Network. From an article that appeared on bitcoinmagazine.com:
The Lightning Network is a Layer 2 protocol for Bitcoin, specifically designed for cheap, fast and private payments. As an overlay network consisting of payment channels, Lightning payments are not recorded on Bitcoin’s blockchain — only channel-funding transactions and channel-closing transactions are.
When you add a listing to MarketplaceGOLD and join the Crypto-Biz newsletter we’ll promptly send you over the Getting Started with Crypto Guide with everything you need to know to seamlessly get paid, not waste a ton of time figuring technical things out, and importantly avoid scams.
The Godfather of Cryptocurrency, the meteorically successful peer-to-peer payment system that accounts for human nature
Listen along while I read and analyze the revolutionary Bitcoin whitepaper by Satoshi Nakamoto…
Bitcoin[a] (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto…
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.