Making Money With Bitcoin: The Road to Success

First Move

Getting involved with any kind of business can be nerve-racking, more so for people with little or no knowledge about the type of industry they are about to get started in. However, Australian businesspeople looking to make some cash with Bitcoin investing have got very little excuse for not sourcing a company providing all the support and advice they need to be a success in dealing with cryptocurrency.

Once we have gotten in touch with a reputable provider of Bitcoin trading services with friendly and supportive telephone reception staff, it is then up to us to put ourselves in gear and start turning our Bitcoin investments into cash.

Going Forward

Australian traders in cryptocurrency that have been able to find one of the more established and trusted companies offering solutions to making paper money from Bitcoin should be on the road to success regarding this exciting and rewarding type of financial business. Indeed, if we are planning to go to Bitcoin Dealers in Australia with an impeccable reputation in providing transparent solutions to making cash from cryptocurrencies, we may wonder why we did not try this route before. Of course, why would anyone involved in the trading of Bitcoin choose to get in touch with a company in Australia that did not meet the standards of Bitcoin companies able to deliver exactly what they promise to their clients?

Selling Bitcoin

Although plenty of people who invest in cryptocurrencies in Australia will be happy to hold onto their assets for a number of months or even longer, many others prefer to cash in their currencies for more tangible versions of money. Of course, traders in Bitcoin who have a specific reason for selling their cryptocurrency to a reputable Australian firm will want to start on their next phase of what can be a very lucrative business transaction.

Making Decisions

As with many kinds of investments, it is not always easy to make up our mind on who to contact when we feel it is finally time to cash in our assets. Dealers in Bitcoin residing in Australia who are determined to deal with the more trustworthy providers of cryptocurrency trading services should be aware that you can contact a highly-reputable provider of such digital money solutions by taking time to look for options on the internet. Indeed, once we have got the ball rolling with making the right choice in a cryptocurrency expert in Australia, it will only be a matter of time before we have exchanged our mined Bitcoins for the traditional currency of our choice.

Reasons for Selling

Apart from dealers in cryptocurrency who refrain from selling their digital money due to a desire to amass a large sum of Bitcoins, many others will be constantly playing with the idea of cashing in their electronic investments. However, rather than rushing into choosing a company to sell our Bitcoins to, it is always a good idea to do some research on the more reliable companies operating in this very competitive market. Of course, before we can even think of selling our Bitcoins, we will need to buy these types of cryptocurrencies.

There are websites you can check that tackle cryptocurrencies – Bitcoin, in particular.  By looking for these websites, people getting involved in this sort of business should be able to gain some valuable insight.

Some of the more common reasons for people deciding to purchase Bitcoins include the following:

  1. There are no third parties in these currency purchases.
  2. There is no need to pay taxes.
  3. Individual transactions cannot be traced.
  4. Bitcoin transactions do not involve paperwork.
  5. Buyers can avoid issues like theft identity.

Investing in Bitcoin can be a profitable venture, especially when you’ve gained enough knowledge on how to navigate this type of cryptocurrency. Armed with enough knowledge and with the guidance of experts, soon you will be able to turn digital money into paper cash.

 

Retailers That Accept Bitcoin

Retailers That Accept Bitcoin
Retailers That Accept Bitcoin

A couple years ago I found a $20 bill in the parking lot outside a movie theater.  Nobody was around so I decided to keep the money.  “Finders Keepers” they say.  Cash has become incredibly more difficult to keep up with in the present day of credit and debit cards.  Fact is credit and debit card transactions have increased dramatically over the past five years.  In fact, you can now store your cards on your phone.  You don’t ever have to reach into your wallet to pull it out in some cities.  With these recent technological advances in payment methods, we have bitcoin.

Bitcoin has become widely more popular in recent years due to mainstream coverage and wider acceptance of the currency.  A few years ago, there weren’t any retailers that accepted bitcoin; however, it has become much more mainstream and today there are many retailers that accept bitcoin.  Bitcoin hasn’t come without it’s challenges though.  There have been many hurdles the currency had to overcome.  A lack of ability to regulate payments and their origins has scared off many governments to making bitcoin part of their monetary policy.  In fact, the Securities and Exchange Commission (SEC) rejected Cameron and Tyler Winklevoss’ bitcoin ETF they were trying to introduce.

Despite the hurdles that still exist for bitcoin in the future, it has come a long way in development over the past few years and leading the charge is retailers that accept bitcoin.  Many bitcoin believers think that wider use and acceptance of bitcoin will lead to a great future for the block-chain currency.

Biggest Retailers that accept bitcoin:

Overstock.com– Online retailer with deals on everything for your home and your family

DISH Network– American direct-broadcast satellite service provider

Expedia– Online travel retailer

WordPress.com– Website creation tool

1-800-Flowers– Floral gift retailer

Zynga– Mobile gaming company

The company that sticks out to me is Overstock.com because they were the first major retailer that began accepting bitcoin payments on their site.  In fact, back in 2014 when they began accepting the currency sales were averaging around $15,000 a day on bitcoin transactions alone for the site.  Paying for bitcoins is also very simple at retailers.  As simple as adding a credit card to your payment information in fact.

Retailers that Accept Bitcoin

Overstock.com has now been accepting bitcoins on their site for almost three years.  They have repeatedly explained the benefits they see to accepting bitcoin and have advocated that other retailers accept bitcoin.  Some retailers are still hesitant to accept it due to the volatility that can exist.  Although the volatility has stabilized in recent months, the SEC rejection of a bitcoin ETF showed the currency still wasn’t mature enough to prevent drastic volatility as it dropped 18% upon the news.

For a comprehensive link of retailers that accept bitcoin: Click Here

Do you have bitcoins?  What places would you like to see start accepting bitcoin payments?