How To Get Bitcoins

What are Bitcoins?

How to Get Bitcoins

Technically referred to as Bitcoin (no "s"), this is a form of virtual currency that only exists on the Internet. However, you can actually use this form of online money to pay for things in the real world, and you can exchange it for dollars and many other types of global currencies.

Bitcoins have gotten a lot more attention lately because their value has spiked. In fact, virtual millionaires have appeared overnight. While the reputation of this victual currency got sullied a bit because they were associated with illicit sites like the Silk Road, they can also be used for everything from purchases on Overstock.com to some local computer repair places and other businesses.

How to Get Bitcoins?

There are a few different ways to get Bitcoins. Of course, before you get Bitcoins, you need to have a way to store them. You might read this concise article : How to Get Started With Bitcoins. It describes how to set up a Bitcoin wallet, join a mining pool, get paid with Bitcoins, and how to buy Bitcoins on an exchange.

Set Up Your Wallet

So, the first thing you need to do is set up a wallet. This can either be installed on your own device, or you can use an online wallet from a good third-party service. The choice is up to you, and you might read up on the pros and cons of both choices. For newbies, using a web service can be easier, but there are some advantages to using software you install and backup yourself.

Get Some Bitcoins For Your Wallet 

Now, you have an empty wallet with no Bitcoins. You can buy them on one of the popular exchanges. You may also choose to accept this type of virtual currency in exchange for goods and services. Finally, you can mine for these coins yourself. However, it is tough to mine by yourself, so you may want to join a mining pool to get started. This lets you cooperate with other minor, and you have a better chance of actually getting paid a share.

Are You Saving Any Money?

Yeah, Prepper Dads Save Money 

Even though the main emphasis of being a prepper is trying to stockpile resources against the day when money could become almost useless, a true prepper dad also tries his best to plan for a more likely future. That is one in which money is still needed, and you face a situation where you need a lot of it.

I was, in fact, a bit alarmed when I saw this article : Americans Aren't Saving Enough For Retirement. 

Can You Set Aside A Buck A Day? 

Have you heard of people who don't have a lot of money but try to just set aside $1 a day no matter what happens? That way they have an emergency cache of cash to tide them over when things get tough. Here's a good plan for setting aside 5 dollars a day for the same reasons.

Do You Have Savings Goals?

One of the most important things you can do is to have any sort of goal. Let's say you just want to save $1,000 for the holiday season by December or make sure you have $500 in a cash account in case you need to buy a new tire or fill a cavity. Of course, a longer term savings goal that many Americans are giving up on is saving enough money for a comfortable and secure retirement.

Here's a free savings calculator you can use to illustrate what some of your goals might be and how long it will take to reach them. You simply enter your goal and the number of years you have to meet your goal. Then enter an assumed interest or return rate and the amount of money you have allocated already for your goal. That amount can be zero. Hit enter, and get back the amount of monthly contributions you need to make in case you fall short.

Boomers Aren't Saving Enough For Retirement - If Anything!

Do you need some more motivation? Look at this dire look at baby boomer retirement savings. Apparently, we aren't saving enough money, and some of us are not saving any!