Bitcoins Wealth Club Review
Name: Bitcoins Wealth CLub
Owner: Vitaliy Dubinin
Price: Free to Join
As of today (October 2017) there are over 1 million businesses accepting Bitcoins as payment. You can also use a debit card for your Bitcoins and buy pretty much anything with them. In this review I am going to explain what Bitcoins are, whether or not you should invest in them, and if Bitcoins Wealth Club Sysyem is right for you.
What Are Bitcoins?
Bitcoins are a cryptocurrency, which is basically an electronic currency. It is believed to be the future currency of the world (instead of using paper money). There are other types of cryptocurrency but Bitcoins are the most popular. In 2008, a programmer known as Satoshi Nakamoto (believed to be an alias) posted a paper outlining Bitcoin’s design to a cryptography e-mail list. Then in early 2009 Satoshi released software that can be used to exchange bitcoins.
How Do Bitcoins Work?
Satoshi wanted people to be able to exchange money electronically and securely without the need for a third party, such as a bank or a company like PayPal. He based Bitcoin on cryptographic techniques that allow you to be sure the money you receive is genuine, even if you don’t trust the sender.
There are many ways to get Bitcoins. You can purchase them with a credit card, bank transfer, or with cash. There are different software’s you can use to purchase them with your credit card or through a bank transfer, but you have to provide identification. However, you can purchase them with cash at a Bitcoin ATM (BTM) near you without identification.
Once you purchase a Bitcoin you get 2 keys. One key is private and kept hidden on your computer. The other is public, and a version of it is a Bitcoin address given to other people so they can send you bitcoins. It is practically impossible to work out someone’s private key from their public key. This prevents anyone from impersonating you.
A Bitcoin address looks something like this: 15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC. Stores that accept bitcoins provide you with their address so you can pay for goods.
How Much Do Bitcoins Cost?
In 2008, 1 Bitcoin (BTC) was equal to $1 USD. As of today 1 BTC = $4,800. This means if you bought 10 Bitcoins for $10 in 2008, they are now worth $48,000.
NOW is the time to invest in Bitcoins, because the value of them will continue to rise! It is predicted that by 2020 1 BTC will be worth $50,000. Another thing that is VERY important is that you do not have to buy a full Bitcoin if you can’t afford it. You can buy as low as .00000001 of a Bitcoin (meaning you don’t have to spend very much money). You can slowly build up your Bitcoins, and the value will go up the next day. Today if you were to buy .001 Bitcoins it would be a little over $5 USD.
Once you get Bitcoins, you MUST put them in a wallet for safe keeping. There are 2 types of wallets; a hot wallet and a cold wallet.
- A hot wallet is kind of like a checking account. You can use this wallet for everyday purchases.
- A cold wallet is kind of like a savings account. This is more for investment properties and making Bitcoins your assets. If you save them they will only grow.
If the Federal Reserve controls the dollar, who controls the Bitcoin economy?
No one. The economics of the currency are fixed into the underlying protocol developed by Satoshi. Satoshi’s rules specify that the amount of bitcoins in circulation will grow at an ever-decreasing rate toward a maximum of 21 million. Currently there are just over 6 million; in 2030, there will be over 20 million bitcoins.
Satoshi’s scheme includes one loophole: if more than half of the Bitcoin network’s computing power comes under the control of one entity, then the rules can change. This would prevent, for example, a criminal cartel faking a transaction log in its own favor to dupe the rest of the community.
It is unlikely that anyone will ever obtain this kind of control.
What is Bitcoins Wealth Club System and How Does it Work?
Bitcoins Wealth System is a system that provides you with all the information you need to get started with Bitcoins. They have webinars every week and tons of training. You will learn more about how Bitcoins work, the best way for you to purchase them, the best wallet for you to use to save them, how to turn Bitcoins into more Bitcoins, etc.
They also have an affiliate option that pays you in Bitcoins. Yes, if you bring people to Bitcoins Wealth Club System they will give you Bitcoins as payment! This way you won’t have to purchase any Bitcoins from your own pocket.
How Much Does Bitcoins Wealth Club System Cost?
It is free to join but you have the option to become a Premium or VIP member. By becoming a Premium or VIP Member you have access to a lot more training on how to leverage Bitcoins and make more money. You can either pay monthly, bi-annually, or yearly. Here is a breakdown of the cost…
- $250/6 months
- $1250/6 months
The more you pay, the more you save. You can just invest in as many Bitcoins as you can, or you can access the training at Bitcoins Wealth Club System to leverage your Bitcoins and make more profits.
I believe Bitcoins are the future of our currency. However, they are going to be in limited supply in the next few years. Instead of investing in a 401k or something else at the bank (they take your money anyway), you need to invest in Bitcoins. you don’t have to join Bitcoins Wealth Club System. However, joining the system for free will really help you understand the ins and outs of the entire business.
If you are at all interested in Bitcoins, you need to join Bitcoins Wealth Club System. Just do your research! The other memberships they provide will be very beneficial as well, but only you know how much you can afford. Start small, and build it from scratch. That’s what I am doing.
If you want to make money online but Bitcoins Wealth Club System doesn’t seem like the right fit for you, then you should check out my #1 recommended program! It is free to join, it has all the training you need, the are all kinds of people there that can help you, and you can make money doing what you love!
If you have any questions or have had experience with Bitcoins Wealth Club System, please leave a comment below!