Shopping with Bitcoin is a rising trend in the World. Lots of shops all over the world began using Bitcoin as money. For example, you can easily buy iPhone with Bitcoin. One of the first attempts to shop with bitcoin store is also AWBStore. AWBStore has been an innovative shop every time and decided to use Bitcoin for shopping as a new popular transaction medium. Bitcoin already began to change our world. Many people began to earn money in the form of bitcoin. In a much short time, it has been an important asset. This situation will begin all people to have Bitcoin and push to buy with Bitcoin way. In this new technology age, Bitcoin will be more important than traditional money. Thereby, AWB made a new perspective on shopping. As soon as possible, all shopping centers are expected to accept Bitcoin like AWBStore. So, every people and business owners are expected to get interested in Bitcoin eventually. Thousands of people prefer to buy iPhones with bitcoin rather than by credit card. For the people who do not have much information about Bitcoin, we can explain briefly.
1- What is Bitcoin?
Before explaining shopping with Bitcoin, it is essential to define what Bitcoin is for the people who are not informed about it. Bitcoin is crypto money that emerged just ten years ago. It is named in 3 different kinds. These are cryptocurrency, virtual currency, and digital currency. Bitcoin is a type of money that is totally virtual. It is the digital version of the cash. To shop with Bitcoin also already began to gain popularity. People use this new money model to buy products or services. Although many shops were not accepting bitcoin up to yesterday, a lot of shops begin to use it rapidly today. Because of the confidential nature of the bitcoin system, entrepreneurs began to see the future of it. Although some countries banned this system, they will also be pushed to use Bitcoin because of the changing new World. AWBStore started this new trend as a pioneer. This attempt is kind to keep pace with the new age.
2- How Does Bitcoin Work?
Every Bitcoin is basically a kind of computer file. It is stored in a digital wallet app on a smartphone or a computer. There are also so many subparts as currency like XVG, XLM, ALPHA, DASH, ZEN, DIA, SAND, and INJ in the Bitcoin system. These are just some of them. You can also buy with Bitcoin you have which you want from these subparts. Their values are changed frequently in small values in a day. People send Bitcoins or part of one to your account, which is named as a digital wallet. You can also send Bitcoins to others in the same way. There is a system which is named blockchain. This is a kind of public list. All transactions are shown on the blockchain. It makes it possible to trace the history of Bitcoins to stop the users from spending coins that they don’t own. Furthermore, it won’t allow people to make copies or undo-ing transactions.
3- What is a Bitcoin Wallet?
A bitcoin wallet is your special digital account on the Bitcoin system. Whenever you want, you can easily create a Bitcoin account for yourself from your smartphone quickly. There are official Bitcoin applications on smartphones. Furthermore, you can make it practically from your computer too. After downloading the app, the process of creating an account for yourself is so understandable and so user-friendly. You will get a Bitcoin wallet easily with that method. After that, you can go shopping with Bitcoin in an easy way.
4- What are the Methods of Getting Bitcoins?
There are three ways to have Bitcoins. These are the main methods to get them. First of all, you can buy Bitcoins with real money. Secondly, you can sell things and allow people to pay you with Bitcoins. And lastly, they can be created using a computer.
For working on the Bitcoin system, people can make their computer process transactions for everybody. Computers are made to calculate huge sums, and they continue to have been developed rapidly. Alongside the rising of computer technology, lots of innovations emerged like Bitcoin. Besides shopping with the Bitcoin system, Bitcoin users can set up powerful computers to try and get Bitcoins. This is called mining. But, the sums are becoming more difficult for stopping producing too many Bitcoins. It is essential to know that mining is taking so many years even for a Bitcoin. You probably spend more electricity value than just a bitcoin value for producing a bitcoin. Maybe, mining activities can be changed with the expending of using Bitcoins for shopping.
5- New Rising Value As Money
Even if some people don’t accept the reality of this situation, shopping with Bitcoin is a new trend rising. It is used for buying something anymore, and as soon as possible, lots of shops around the World will begin to use it like AWB. Whatever using for exchange something, this means that thing used to exchange is a value. If Bitcoin used for exchanging, it means a value. Value is money. So, Bitcoin is the new real money using in the world.
There were a lot of things that we consider valuable like gold and diamond, instead of money in the past. For example, in the old ages, cocoa beans were a value for the Aztecs. They used cocoa beans as money. In the future, Bitcoin may be the only value to be used to buy something. Shop with Bitcoin seems to be a new rising value, thanks to the AWB’s vision and seizing this opportunity.
6- Why People Like Bitcoin?
Even from now on, people are willing to exchange Bitcoin for real goods and services. Even many people also exchange their cash with Bitcoin.
As a matter of fact, Bitcoin is not controlled by governments or banks. This is the kind of independent and universal money. Because of this situation, it is exactly the money of the future. Furthermore, people can spend their Bitcoins fairly anonymously. Although the hole transactions are recorded in the system, anybody wouldn’t know which account number was your number unless you told. All of these situations make the system loved by people. Because of this situation, Applewithbtc.com saw the perfect potential to buy with the Bitcoin system.
7- How Secure is the Bitcoin System?
Every transaction is recorded publicly as we said. So it’s too hard to copy Bitcoins, make them fake, or spend ones you don’t have. It is also possible to lose your Bitcoin wallet and lose yours forever by deleting your Bitcoins. There have also been thefts from websites that allow you to store your Bitcoins remotely.
It is essential to remark that, the value of Bitcoins has always gone up and down over the years since 2009 which is the creation year of Bitcoin. It is also important to say clearly that, because of this unstable situation, some people don’t prefer to rely on. But, shopping with Bitcoin is absolutely the most independent way to spend money. Because all other money types depend on the government. There is no permanent guarantee on the money belonging to a government. The value is always depending on political situations. Therefore, new money models that have independence like Bitcoin will always be reliable ones. Bitcoin’s value just depends on economic dynamics.
8- Main Advantages of Shopping with Bitcoin
Owing to the unique nature of virtual currencies, there are a lot of inherent advantages to transacting with bitcoin. Furthermore, Bitcoin is contrived for offering the users unique advantages over other payment methods. As the first thing changing in our World with Bitcoin will be the changing the necessity of credit cards.
Thanks to shop with the Bitcoin method, you won’t need a credit card anymore. You can lose your credit card or you may be knocked it. But, you never live a mishap with Bitcoin like these. Credit cards always better than cash. But, Bitcoin is the best of all. If we focus on the disadvantages of credit cards, we can understand easily why we need to prefer Bitcoin.
9- Main Disadvantages of Credit Cards
The first risk of getting a credit card is the possibility of debt. You could find yourself in a high debt if you can’t afford to pay back what your barrow. If the card offers certain extra features, the credit card providers can charge high rates of interest. There are no obstacles in Bitcoin like this. For example, if you want to buy iPhone with Bitcoin system, you can easily do it. Furthermore about using a credit card, if you have a poor credit history, they will charge high rates of interest for you. The interest rate may be pass over 20% rapidly if you can’t pay the balance too. All of these show us how to profit the Bitcoin is in fact.
10- Why it is So Important to Switch to Bitcoin?
There are a lot of benefits of Bitcoin. We can say primarily for the benefits that there is user autonomy in Bitcoin. This autonomy is one of the central tenets of digital currencies generally known. Digital currencies let people more autonomy over their own money. Therefore, shopping with Bitcoin is always more enjoyable.
Bitcoin purchases are in a discrete structure. Unless a user voluntarily publishes his/her Bitcoin transactions, these are never associated with his or her personal identity. It is just like cash-only purchases and never easily be traced back to the user.
Owing to Bitcoin’s independent structure, payment systems always come true peer-to-peer. It is never needed to acknowledge an authority like a bank or government. It means the users can send and receive payments all around the world without any permission. Alongside these privileges, there are lots of facilities like very low transaction fees for international payments on the shop with Bitcoin way.
11- What was the Value Situations of the Bitcoin’s Near Past?
Bitcoin began to rise frequently since January 2017. It had been 921,35 Dollars on this date. After this date, the Bitcoin never went down to this value and went on rising. It just went down to 3.441,03 Dollars in January 2019 and this value has been the lowest level the Bitcoin has seen for now from 2017. There are two peak points before and after this bottom. The before the peak of the Bitcoin was in December 2017. The later peak of the Bitcoin was in June 2019. After the peak in 2019, the Bitcoin went up and down frequently and saw its second bottom which was 6.483,74 Dollars in March 2020. After this date, the Bitcoin began to rise rapidly toward the level of 18.000 Dollars. We can say according to the rising values of Bitcoin that beginning to shop with Bitcoin as AWBStore did is so important for shops’ future.
12- What is the Current Value of the Bitcoin?
According to the data of the 24th November 2020, Bitcoin is 18.469,20 US Dollars currently. According to the experts, Bitcoin will go on to the up for now. On the day before this date, the Bitcoin was 18.630,00 Dollars. When we have look at the official charts, the Bitcoin had been 18.591,86 Dollars on the 22nd December. On the day before this day which is the 21st December, it had been also 18.612,87 Dollars. Data show us that the value of the Bitcoin is also in a variable nature in a short time. But, in a long term, it never goes down to the bottoms like in January 2019. All of these results bring courage to the shop owners to begin shopping with Bitcoin system. AWB’s attempt made a huge change in a lot of shop owners’ minds. It is also an acceptable reality that most people are getting excited about the fact of this change.
13- How Much will be the Bitcoin Value in the Future?
Forecast of the future value of the Bitcoin can change depending on who makes the estimation. Experts’ opinions about the future value of Bitcoin can lead your activities. For example, according to Jeremy Liew who is one of the owners of Lightspeed Venture Partners, Bitcoin could be 500.000 Dollars per coin at the beginning of the year 2030. According to the Crypto Research Report which is declared in June 2020, the cryptocurrency could rise over 397.000,00 Dollars by 2030. In fact, as you know, the future shows us the value of the Bitcoin. To buy with Bitcoin process which is started with the AWB’s lead will bring lots of innovation in our lives. Bitcoin will always rise in the future world.