I accept Bitcoin for payment.
Since inception in 2009, bitcoin continues to pass groundbreaking milestones. Bitcoin was first purchased in exchange for fiat dollars at the rate of $0.0008 per dollar. There was a famous bitcoin pizza purchase. Lately, bitcoin has reached a trillion dollar market capitalization. Bitcoin is real, it is competing in the market as a type of hybrid currency asset. It is a new network with it’s own protocols. It is all open source. Similar to how information grew on the internet, and communication become instant with email, bitcoin has become the standard digital monetary currency unit. And similar to information and communication, people all over the world are now using bitcoin.
There are over one thousand cryptocurrencies.
There is only one – Bitcoin is the king. Symbol BTC.
There is a common refrain upon those who begin to think about bitcoin as money, and that is “DYOR – Do Your Own Research”. This is the only way to really understand how to use it. Just like you’ve done research on how to use parts of the internet, such as a browser or search engine, or other internet software. Similar to how you figured out email. Start with these resources.
We’ve provided a couple of interesting links for you to chase down the rabbit hole. Most books can be bought for discount, and they contain various viewpoints on the history and future of this monetary innovation. You’ll begin to understand why folks have been exchanging all types of currencies in exchange for bitcoin since 2010.
The more you read about the genius of Bitcoin, the more you’ll want to further understand the various forms of money from the beginning of human history to present day.
If you have questions about self custody, please contact me. I have experience in hardware wallet set-up and self-custody storage.