Gone are the days of going to the bank to stand in the queue just to withdraw some cash so we can go stand in other queues just to perform the traditional exchange of goods ceremony. Other ways have taken over the world.

How-to Bits

Now that Bitcoin is a major player on the international investment stage, you really want to get in on the action. So how do you do that? Well, it starts with finding a reputable Bitcoin marketplace.

Do a little research and once you have settled on the right one you can go ahead and register. Usually, this entails creating a Bitcoin wallet for transactions between yourself and other users without involving banks and corporations.

There is a lot of talk going on today about how Bitcoin and other cryptocurrencies are an option for investing or not. Those who have invested in Bitcoin a year ago have seen the value of their BTC soar beyond expectations late in the last year, then fall to a much lower level a few weeks later – the increase is still massive (today, one BTC trades as about $8,000 compared to just above $1,000 one year ago).

I have been writing about cryptocurrencies lately. I think I need to post something very basic about them, here. Let’s not think of Bitcoin, or any other currencies as investment options right now, but as a payment system, and look at the way it works compared to banks.