This information is current as of April 24, 2018. All investments have risk, the author is invested in both Bitcoin and the stock market. This article is information only and not a recommendation to invest or divest. Consult your advisors and invoke your preferred deity when making any financial choices, to get the best advice possible for YOUR situation.
You need to set up a Bitcoin wallet. I use Coinbase, which is well known; you can also use any Bitcoin wallet you have already set up. Here is the link to Coinbase. You will need to give the faucet your Bitcoin address so they can send the earned Bitcoin to you.
Pick a bitcoin faucet, which can give you Bitcoins for signing up.
“A bitcoin faucet is a reward system, in the form of a website or software app, that dispenses rewards in the form of a satoshi, which is worth a hundredth of a millionth BtC, for visitors to claim in exchange for completing a captcha or task as described by the website.” – From Wikipedia
George Soros, a noted currency trader who called Bitcoin a “bubble” in January – is going to be trading cryptocurrencies! This is according to an article in Bloomberg, which has been getting a lot of play in the internet! Read it here:
“Soros has already been indirectly betting on crypto. The firm amassed a stake in Overstock.com in the fourth quarter, making it the third-biggest shareholder of the discount e-commerce company. In August 2017 it became the first major retailer to accept digital currencies. The company had also planned to start an exchange for cryptocurrencies as well as offer digital coins that could trade on the platform. – Bloomberg Article“
Soros is a major Player in the Forex/currency markets, and his venture into Bitcoin shows that an old dog can learn new tricks! Mr. Soros is a shrewd investor and I suspect he sees a way to make some serious money off Cryptocurrency and businesses utilizing Cryptocurrency. The Founder of Overstock, Patrick M Byrne, has been outspoken about Bitcoin, Here is one of his talks:
Patrick M. Byrne on “Why Cryptocurrencies matter”
At this time I don’t own any Overstock.com stock, but I am going to keep an eye on it and consider investing if it dips.
Mr. Soro’s entry into bitcoin is a welcome sign to this Bitcoin fancier, and I expect his investments will be a worthy foray into the cryptocurrency market. With Bitcoin entering it’s second decade of growth and volatility, this is an exciting time to play in the cryptocurrency sandbox, or just watch from the sidelines! Best of Luck to you, George Soros and Patrick M. Byrne!
Thank you for reading my blog, and feel free to share! Best of luck with Bitcoin and all your investments!