Most of the people who know bitcoin can find out that the bitcoin is getting expensive every day. And many people are storing their real money in bitcoin. And that has increased the value of the bitcoin. But something about the bitcoin is surely one of the mysterious thing. I have learned that bitcoins often require a lot of understanding and demand from your local region. Not all the places around the world are going to accept the bitcoin. And this makes you wonder if the bitcoin is any good. And you should consider it to be good or bad. I for one didn’t find much value out of the bitcoin faucets. So I am currently struggling with the demand of the bitcoin. I wish to learn more about the bitcoin accepting places. So far not much luck for me there.
Faucets
There used to be a time when faucets used to make a lot of bitcoins for many users. And the faucets used to deposit it once you reach such threshold. I remember spending like month and month to even earn few bitcoins here and there. And then later the faucets started to die. The reason being many faucets required the ads and the adblockers destroyed their income. And this in turn made it harder for me to keep up with the faucets. I think many faucets running these days are not making much money for many. I wonder how many faucets will continue to earn good money in near future.
Selling Bitcoin
One of the harder thing about the selling bitcoin is the buyer. I think India used to have some options for buying and selling the bitcoin. But eventually this type of the currency had it’s issues with the government. And now that government in India is considered the currency as illegal. I am thinking of making the switch to find other ways to buy and sell the bitcoin. I am not sure how good that sort of payment is going to be in near future. But the people who are going to be accepting the bitcoin. I am still trying to find some good buyers out there. But so far my way is blocked. The reason being some of the buyers out there are not accepting it.
Storing bitcoin
My favorite way of storing the bitcoin is in coinbase. I know many wallets and the sites. But so far the app of coinbase and the type of sites which are going to be good enough are on coinbase. I think coinbase is also getting into ether and some other type of the services. Also for US based users they are offering some good options. I am sure you can find some good wallets. But so far my option with the bitcoin is going to be good. I wish to add more options with the wallet. But the way they are charging less transaction fees, it just works like that. I wish to see if there are any other site these days.
That being said, it can be fun to use the bitcoin these days. I just am not sure how many other options available for us.
Image by pixabay.
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I don't know what it is about bitcoin, but I am so not on board with this new form of currency. I don't know what it is but I just can't bring myself to use it. Maybe I'm just too old and don't want to change. :)