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How to work with bitcoin?

The use of Bitcoin in its beginnings, as a means of payment, was limited since only cryptographic technology enthusiasts were the only ones who exchanged bitcoins as a hobby. It was not until May 2010 when a bitcoin enthusiast named Lazlo Hanyecz brought two pizzas for 10,000 BTC being a milestone at the time as it meant two things, bitcoin was working as a payment method, and businesses were beginning to trust Bitcoin.

Today, many businesses have opened up to wanting to accept bitcoin as payment, and thanks to its great popularity people have adopted it. At MegaAcademy, we have compiled a series of forms or business models with which you can work Bitcoin.

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  • Payments: 

    It is becoming more and more frequent to make payments through bitcoin, transfer fees have indeed increased lately, but thanks to the adoption of bitcoin as a form of payment, many businesses, both physical and online, receive this cryptocurrency. It is very simple and safe to make a transfer through Bitcoin. In countries like Venezuela, El Salvador, the United States, or Nigeria that have achieved great adoption, it is very common to see business establishments that accept Bitcoin, that is why today accepting Bitcoin payments at your business premises is a good idea.

  • Remittances: 

    Sending Bitcoin anywhere in the world will only take a few minutes compared to traditional methods, and its transaction cost is more beneficial when sending relatively large amounts.

  • Holding: 

    Carrying out a holding with Bitcoin is relatively beneficial in the long term, but it is also risky due to the volatility that Bitcoin presents, it is well known that in a week the price of bitcoin can fall to half its value and recover again in a few months, at Mega Academy we only advise doing this practice taking into account these risks and knowing the tools to counteract them, such as freezing with stable currencies.

  • Trading: 

    It is the practice with the highest risk since the price of Bitcoin is very volatile and trading cryptocurrencies without having advanced knowledge in trading is very risky it consists of taking advantage of the rises and falls of the price of bitcoin to obtain profits, buy When this low and sell high is the main idea, at Mega Academy we do not recommend doing this practice without knowing technical analysis and advanced knowledge of the cryptocurrency market.

  • Online shopping: 

    Something that Bitcoin is very good at is online shopping, since many online businesses have chosen to include Bitcoin as a payment method, even in the video game and technology industry it is very common to find platforms that accept payments in Bitcoin.

  • Donations: 

    You can give a family member or friend a small amount of bitcoin or even donate to charity. Many non-profit organizations accept donations in bitcoin, and many of them are for a good cause.

    Learn about bitcoin and other cryptocurrencies with experts at MegaAcademia

    We know that changing the economic paradigm of the world is a bit complicated if we take into account that it is rooted in technology. That is why at MegaAcademy, we want to take the knowledge of the cryptocurrency ecosystem to another level. Seeking the appropriation of the basic concepts in our community through an 8-module educational course. Where you can learn about: the basic concepts of cryptocurrencies and tokens, as well as how the blockchain works.

    If you have doubts about any concept, you can find it in our glossary of terms, or you can simply leave your doubt in one of our forums a specialist on the subject will answer you. We always seek that our MegaAcademy users and recurring readers can understand cryptocurrencies as they do Fiat money, or even better, concepts such as cryptocurrency mining or the creation of smart contracts are explained in a didactic way and not at all complex so that anyone can understand these concepts.

    If you want to buy or sell cryptocurrencies and enter their economic ecosystem, at MegaAcademy, we can teach you the risks they incur and how to counteract them, as well as the cryptocurrency trading platforms and the security guidelines that you must have in each of them.

    If you want to learn about cryptocurrencies in the most educational and easy-to-understand way, MegaAcademy is the ideal place for you.

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