The unit of account of the bitcoin system is bitcoin. As of 2014, symbols used to represent bitcoin are BTC, XBT, and BitcoinSign.svg. Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), microbitcoin (µBTC), and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin. A millibitcoin equals to 0.001 bitcoin, which is one thousandth of bitcoin. One microbitcoin equals to 0.000001 bitcoin, which is one millionth of bitcoin. A microbitcoin is sometimes referred to as a bit.
More info bitcoin in wikipedia
|Coinbase operates one of the most popular wallets and is an simple way to buy bitcoin.|
|The BitQuick digital currency marketplace offers a platform that facilities cash-to-bitcoin trading.|
|We’re excited to bring Xapo to Bitcoin users and we welcome you to open your free account today.|
Generating passive income through online investments is a dream that most people have. Luckily, it’s never been easier to get starting investing online thanks to widespread internet access and electronic trading tools. Nowadays, it’s possible to manage your investments from home, while traveling, and even on your daily commute with a mobile phone application. Here are three simple steps you can follow to start investing online today:
1. Research the market you want to invest online in
The sky’s the limit when it comes to the different financial products you can invest in online. The market you choose will have a lot to do with your particular personality type. For example, methodical people who like to take things slow and steady might be most comfortable investing online in traditional stocks and bonds, while others might get a thrill from the adrenaline rush of the frenetic Forex market. That’s why your first step is to research your options, decide which market is best for you, and learn as much as you can about it.
2. Open an online investment account
There are countless online investment sites that you could use; the key is to find one that is properly monitored and regulated by the SEC, CFTC, FINRA, or whichever regulatory body is responsible for the market you are trading in. Use common sense and verify everything independently to avoid being the victim of the next big online investment scam. Once you have properly vetted your online investment firm, go ahead and open a trading account. An even better situation: finding one that offers a free trial period or a demo account.
3. Explore your online investment tools
The electronic trading platform that your investment broker has given you access to in order to manage your investments online will most likely have a variety of tools, resources and educational materials to help you make your investments wisely. Take advantage of these as much as you can: learn how to read the different types of charts, take a look at technical and fundamental analysis tools, and figure out what works for you and what doesn’t.
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