Many of our readers keep asking us about BitCoin: What is BitCoin, and what is all this BitCoin hype about? What’s BitCoin good for, anyway? Is this going to be another market bubble? Is it some clever pyramid scheme again?
Well, instead of reinventing the wheel and repeating wise people’s words, we should let CoinBase Co-Founder Fred Ehrsam explain what BitCoin is. If you want to buy or sell BitCoin, this short presentation is the best way to get started!
By the way, CoinBase is the biggest bitcoin wallet platform at the moment, issuing 1 out of 4 bitcoin wallets in the world.
They are very popular in the US, recently expanded to Europe, and they will also come to Africa sooner or later.
At the moment, CoinBase is not available in Tanzania yet. However, you can buy and sell BitCoin through eToro, an Israel-based online brokerage platform. eToro is available in Tanzania and accepts Tanzanian traders and investors.
i) Real-time Bitcoin price chart – CoinDesk.com is a great resource for news & updates on BitCoin.
ii) Investing in BitCoin – MoneyMorning.com has a section dedicated to Investing in BitCoin.
iii) BitCoin Talk – The most popular BitCoin Forum on the Web. It’s a really useful place to go if you want to learn more about BitCoin. You can ask any question and find hands-on tips browsing the threads.