What Is Bitcoin?

What Is Bitcoin?

Bitcoin is a form of buy, sell, payment and exchange.

It is not money. However, it can be used like money. In the United States it is not a currency. The United States government controls what is currency in the United States. Bitcoin is property. You can own it, you can buy it, you can sell it, you can use it to exchange for goods and services, you can build a hedge against the U.S. dollar with it. However, it is not money. It is not apart of the currency issued by the United States government.

Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank. (Google)

Bitcoin was created by a person. The name most associated with the person who created it is Satoshi Nakamoto. There is only a limited amount of Bitcoin available worldwide. Once that limit is reached no more exists.

It can be used like money. It is deregulated. It is not regulated by banks or the government. It is digital. It is also known as Cryptocurrency.

Cryptocurrency is “a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.” (Google)

Bitcoin can be bought with U.S. Dollars or whatever your currency is in your country and it can be used to buy, exchange and pay for things that you would buy with regular fiat money. You can also sell Bitcoin for U.S. dollars. It is legit. There are even ATM’s for it. In the U.S., you do have to report your buys and sells (your transactions) to the IRS.

Photo by Karolina Grabowska on Pexels.com

Bitcoin is an investment and is like a hedge against the U.S. Dollar. It can be comparable to gold. In the U.S., if the U.S. dollar fails, then Bitcoin and other hard assets like gold come into play and hedge against it. You would be able to still buy, sell, exchange, make payments because of the value, accessibility, and ability of Bitcoin. People are building their portfolios and investing in it and obtaining it now. Companies and businesses are implementing it in their form of payment options, where the consumer can pay with/in Bitcoin. PayPal most recently, implemented the ability of its users to buy, sell, and hold Bitcoin. National retailers are now accepting Bitcoin as a form of payment. Games offer rewards in Bitcoin and Lolli offers rewards when using their service when you shop at top stores.

To learn more about Bitcoin and earn Bitcoin while you learn about Bitcoin visit Coinbase. Coinbase also provides a digital wallet for Bitcoin users which is also needed to store Bitcoin. For current and more information on digital assets and blockchain technology visit Coindesk.

Bridget Denise Webb

New E-Book! GOD’S MONEY

New E-Book! GOD’S MONEY

How do you view the money that you have or receive? How do you view money, period?

Find out how you should view money with supporting scriptures to build your faith in GOD’S MONEY.

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Get yours today on Etsy!

Bridget Denise Webb

Poverty Operates Via A System. Wealth Operates Via A System. There Is A Difference. #ImNotSettling

Poverty Operates Via A System. Wealth Operates Via A System. There Is A Difference. #ImNotSettling

ben· e · fi · ci · ar · y

a person who derives advantage from something, especially a trust, will, or life insurance policy.

Google

Bridget Denise Webb

The Rich Spend, The Wealthy “Pick” and “Choose”.

The Rich Spend, The Wealthy “Pick” and “Choose”.

The rich spend, the wealthy “pick” and choose”. – Bridget Denise Webb

There is a difference.

Bridget Denise Webb

“As an Amazon Associate I earn from qualifying purchases.’

Tithe

Tithe

One tenth of annual produce or earnings, formerly taken as a tax for the support of the Church and clergy.

(in certain religious denominations) a tenth of an individual’s income pledged to the Church.

a tenth of a specified thing.

“he hadn’t said a tithe of the prayers he knew”

verb

1. pay or give as a tithe.

“he tithes 10 percent of his income to the church”

Google

Bridget Denise Webb

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Bridget Denise Webb

You Don’t Have To Wait Until Sunday To Bring The Lord’s Tithe Or Offering

You Don’t Have To Wait Until Sunday To Bring The Lord’s Tithe Or Offering

You don’t have to wait until Sunday to bring the Lord’s tithe or offering.

God said,
Bring ye all the tithes into the storehouse,…… Malachi 3:10 KJV

bring


come to a place with (someone or something).


cause (someone or something) to come to a place.


make (someone or something) move in a particular direction or way.


cause (something).


Google

If your church or the church that you are bringing the Lord’s tithe and offering to has an online system for you to give or donate through you can “bring” the money immediately.


I love that!

Bridget Denise Webb


It also will help you not SPEND what belongs to God! You can give it immediately!

Bridget Denise Webb


If your church or the church that you are bringing the Lord’s tithes and offering to doesn’t have an online system, talk to your Pastor or the Pastor about the convenience of implementing an online giving system. One in particular is Givelify. There are other ones too!


There is also CashApp!

Don’t get me wrong I love to bring and give physically in service too! An online system or a way to give electronically is very convenient and 21st century! You can be across the world and still give!

You don’t have to wait until Sunday!

“Bring.”

Bridget Denise Webb

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Bridget Denise Webb

How Many People Saved Money Yesterday? Breaking Generational Habits And Choices

How Many People Saved Money Yesterday? Breaking Generational Habits And Choices

A custom for my family was to cookout on major summer holidays.

Chicken, Ribs, Polish Sausage, Pork Steak, Hamburgers made from fresh ground beef, hot dogs, buns for the hamburgers and hot dogs, salads, beverages, desserts, don’t get me wrong, we loved it!

Food, people, family, is a way we celebrate. Enjoy life!

Bridget Denise Webb

Since I am single with no birth children my family consists of my immediate family.

You could expect a good cookout or a church picnic during the summer. As I sat in the backyard of my now Dad’s house, it was my parent’s house, my mother is now deceased, I saw no one barbecuing in the neighborhood. It seemed like I could faintly smell meat grilling, but for the most part it was quiet of a backyard barbecue in that part of the neighborhood.

How may people saved money yesterday by not throwing a cookout or how many did not have a cookout because they could not afford it? They did not have the money to do it.

During the times that my family had cookouts, my father, who was the main provider in our home, provided the funds to buy the food and things needed to cookout. Since that time, the family cookouts at that level of it being 100% provided by him has ceased. The last cookout that I can remember, was done by us the children and contributions in bringing something or giving something were made, which is a great alternative to the one person providing everything.

If you think about it, yesterday is just like any other day, except it is a nationally recognized holiday. You could cook a normal dinner and be fine! And still celebrate!

So does the country decide when you are to celebrate by spending money to do things that you can or probably can’t afford to do?

Bridget Denise Webb

The truth is, we could celebrate Independence Day everyday.

We learn from our environment, parents, grandparents, etc., whoever raised us or was around us to raise us, our communities. We subconsciously take on what we saw; what they did.

Example: If your parents cooked greens and hammocks, more than likely you cook them and eat them unless you have made definite choices and have changed what you cook and eat.

Bridget Denise Webb

You can decide to change you financial life, your financial blueprint. You don’t have to continue in a cycle of broke, poverty, debt, borrowing, not having enough, bad decisions, bad financial decisions.

It takes a thought, a choice! From that moment, pursuit!

Bridget Denise Webb

Which is where I am! I am actively pursuing the financial blueprint that God and myself wants me to have! You can too!

There was no family cookout! Not to say, if I could afford one, I may or may not have had one! I enjoy family, friends, food, and hospitality, and celebrating! But the key thing is, at this point, I would not be going broke to do so or putting myself in a bad place financially.

But I did celebrate and did not have to pay a dime for it! Earlier that day, I called my 4th of July dinner to me! And it came! If you would like to know more about what I am talking about, follow my Facebook Fan Page, Fabulous Finances.

Happy Belated Fourth of July!

Bridget Denise Webb

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Bridget Denise Webb

Principle Over Quantity

Principle Over Quantity

Principle over quantity.


God honors faithfulness. If you are faithful over a few things, He will make you ruler over many things.

Bridget Denise Webb

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Bridget Denise Webb