What is Bitcoin? – for newbies
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software by pseudonymous developer Satoshi Nakamoto. Bitcoin has developed greatly and its current value in 2014 is around $900 for 1 bitcoin.
BTC is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Users send payments by broadcasting digitally signed messages to the network. Participants known as miners verify and timestamp transactions into a shared public database called the block chain, for which they are rewarded with transaction fees and newly minted bitcoins.
How to turn your bitcoins into real cash?
Mostly you can see a lot of ways to turn real cash to BTC and a lot of ways to trade btc to other cryptocurrency, but a while ago you couldn’t find a trader at which you could sell your BTC to real cash with a good value and with low trader fee.
Now this kind of traders are available. The one offering best price currently is the www.BTCwithdraw.net
The promotional fee of BTCwithdraw.net is only 0.001 BTC per transaction. As shown on their website, you can trade from 0.5 bitcoins up to 300 BTC at a day. And they accept higher BTC to cash conversions if you can contact them on e-mail with a personal request.
When to sell my bitcoins?
My would be to sell when the price is at least around $ 800. You should use the highest possible price. Since the China banned the bitcoin, its value is not rising so fast as it did, so price of 800-900 usd would be great time to sell.
The second reason is – their is small amount of traders as BTCwithdraw.net and i believe they will increase the fee for transactions anytime soon. And with bigger fee comes smaller value, so we better use it while it has low fee.
Bitcoin profit 