WHY BITCOIN?

1. Do you believe you are exceptionally good at predicting future events? Kind of like you have the pulse on society as a whole. Well, you are in the right place! I would like to introduce you to Seer – Prediction Market. With Seer you can select live play or free play. You can participate with your drops or with free replenishment points. If you select live play, purchase drops through an exchange or buy directly from Dropil Direct. You can make custom predictions and customize your event with a time-based weighting bonus and easily share your predictions. When the event is completed, the system will automatically pay out all users in the winning pool the funds owed to them. You’ll be able to view personal and full system reporting and leaderboards. You’ll be able to predict outcomes in the following categories: crypto (including Bitcoin), sports, Esports, social, stocks, politics and more. Learn more today by visiting their website at https://seer.dropil.com/ and you will be happy that you did! Now that you know more about our friends over at Seer – Dropil, feel free to read our short article about Bitcoin (since it is a subset of the many categories available on their platform). Upon completion, head back over to their website to start predicting outcomes of events today, including cryptocurrencies. So, you have probably heard about Bitcoin, but you’re not really sure what it is. It is a decentralized digital currency that doesn’t have a centralized bank and can be sent from user to another user. It is also be sent on a peer to peer bitcoin network. Transactions are verified through network nodes, using blockchain technology and recorded to a public distributed ledger. The security of blockchain is so advanced, that many banking systems have been experimenting with ways to incorporate it into their own system of checks and balances. Many financial firms outside of the cryptocurrency market have adopted the blockchain technology for their own firms. Bitcoin has really been given a bum rap in the media and it is very unfortunate. It has been criticized for its use in illegal transactions, but in reality, you can no more blame Bitcoin than you can paper currency which is also used in illegal transactions to a much wider extent. Bitcoin is an amazing breakthrough and it should be recognized as such. When it comes to cryptocurrency (including Bitcoin – Ticker Symbol BTC, XBT), exchanges set their own price for every single cryptocurrency they trade. No one single exchange can be said to be totally secure, and there have been several hacks in the past few years. It’s generally not a problem with the blockchain technology, but the security of the exchanges. Several bitcoin exchanges allow you to use their services without needing to confirm your identity. There are a lot of major Bitcoin exchanges, and there are many preferred exchanges. For this reason, the safest course of action is to utilize exchanges that are preferred, and the community recognize as safe exchanges to do Bitcoin transactions. You do not want to take a huge gamble with all of your crypto currencies ending up in unscrupulous hands. There are exchanges which take the verification of their clients' data very seriously, as they should. If you are looking to do everything above board and invest in Bitcoin, because you believe it will go up in value; then this is the right approach to finding a great exchange. Trading with a reliable exchange is paramount, if you simply want to make the occasional, straightforward trade, in addition, there are platforms that you may use that do not demand an account. Exchanges keep specific cryptocurrencies that are for sale, so in addition to Bitcoin you can expand your cryptocurrency portfolio by purchasing other types of currencies. Like any other investment, it is good to diversify (especially with how volatile the cryptocurrency market can be).

2. Even if you trust your exchange, it's still best practice to put your bitcoin in your very own personal wallet with private keys that you have safely stored somewhere else (like physically in a safe). A number of exchanges might accept one particular payment or a different way for withdrawal, but not for deposits. This can make it pretty inconvenient at times to spend your Bitcoin, but many alternatives are coming onto the market every day. There are several Bitcoin exchanges online, but as mentioned earlier, do your research before using them. It is preferable to utilize an exchange that is written in your language. There are exchanges all over the world and more are showing up every day, as cryptocurrencies are more widely accepted. Every one of the exchanges have their own advantages and drawbacks with respect to the fees. Fees are a part of life, but at the same time if you shop around and do your research, you can get the most bang for your buck when it comes to picking the right exchange. Most exchanges provide information regarding their regulatory compliance, that is also required on their websites. They will offer a FAQ page online, where the different predict the future levels of verification are explained in great detail. Most Bitcoin exchanges don't have any limits, but it’s better to be safe than sorry. Thank you for taking the time to read our article about Bitcoin. Now that you know a little bit more about Bitcoin, it is time that you go over to the Seer – Dropil Prediction Market website and make your educated predictions in regard to cryptocurrencies.