What is Bitcoin and how do I profit from it?

Published by Dan Watson — 01-29-2017 09:01:23 PM



What is Bitcoin?

Hi!

My name is Dan Watson. I love many things in life but two of those things happen to be technology and money. This is why I absolutely LOVE the idea of combining the two....

Meet Cryptocurrency!

At the time of me writing this, there are literally thousands of cryptocurrencies on the market right now. In order to better explain what they are, I think it is best to start with the granddaddy of all cryptocurrencies which is Bitcoin.

Bitcoin is a cryptocurrency and worldwide payment system. It also happens to be the first decentralized digital currency, as the system works without a central bank or single administrator. This system was designed to work as a peer-to-peer network, a network in which transactions take place between users directly, without any intermediary or third party necessary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed and viewable ledger. This ledge is called a blockchain. Bitcoin was actually invented and released by an unknown person or group of people under the name of Satoshi Nakamoto and released as an open-source software in the year 2009.

On 18 August 2008, the domain name "bitcoin.org" was registered. In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a popular cryptography mailing list. Nakamoto implemented the bitcoin software as open source code and released it in January 2009 on SourceForge as well. The actual identity of the person(s) known as Satoshi Nakamoto remains unknown even to this day.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block. Embedded in the coding of this paticuler block was the following text:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking systems.

The receiver of the first bitcoin transaction was cypherpunk Hal Finney, who created the first reusable proof-of-work system (RPOW) in 2004. Mr. Finney downloaded the bitcoin software the same day it was released, and received 10 bitcoins from Mr. Nakamoto. Other early cypherpunk supporters were Wei Dai, creator of bitcoin predecessor b-money, and also Nick Szabo as well.

In the early days, Nakamoto is estimated to have mined 1 million bitcoins by him/herself. That sounds like a lot but back in those days it was worth nothing. These days mining is a large and profitable business and there are several ways to mine cryptocurrency for yourself. You can find out more about that in just a bit.

In 2010, Satoshi Nakamoto handed over the network alert key and pretty much all control of the Bitcoin Core code repository over to a man named Gavin Andresen. Gavin actually later became the lead developer at the Bitcoin Foundation. After that point, Nakamoto subsequently quietly disappeared seemingly from the face of the earth as nobody has heard from him since.

 

Now, let's be honest with ourselves for a minute, here. Isn't it about time that we admit the current system that we live in and the educational system in this country has failed us all by teaching everybody to become obedient little worker slaves who are taught to accumulate large sums of student loan debt. This is all while sacrificing YOUR time freedom in exchange small amounts of money for 40 years or more at something called a J.O.B. which I could be argued is an acronym for “Just Over Broke”.

What if I were to tell you that you could indeed earn more than your parents and teachers ever did by using technology available to just about anybody? What if I were to tell you that a 6 or even 7 figure income was possible? What if I were to tell you that this is possible with NO college degree and NO high school diploma, either? Would it be worth it for you to take a minute or two to read further if it meant possibly achieving a life of freedom that most people can only ever dream about? Would it be worth developing skills that will allow you to do what ever you want, anytime you want? And without ever having to answer to a boss or manager or supervisor or having someone else dictate your schedule and your life?

We now live in an age where all the information in the world is literally at everyone's fingertips and the average teenager can go online to become much more financially educated than their family and in a very short period of time. Only one more question remains here. Who is the person that you want to become? Do you enjoy sacrificing your time freedom in exchange for money or would you rather take control of your financial education and create a lifestyle of complete freedom that most people only daydream about while they are at their J.O.B.?

 

I have developed a strategy that if followed closely and consistently, will allow you to stack a large and diverse portfolio of many different cryptocurrencies and for NOTHING out of pocket!

 

Yes, you read that correctly. This will not cost you a dime. Only a little bit of time. This is a very simple and easy to follow strategy that can be used by absolutely anyone to stack some serious crypto!

 

 

 

Image result for stacks of bitcoins

...in the next 10 minutes you can be completely setup and ready to
start earning FREE crypto  with our 100% FREE Duplicatable System
called

VIRAL STACKING

 


Making Money In Cryptocurrency Should Not Be Hard!

Viral Stacking is a Simple Stepping Stone Strategy to Get Started earning many kinds of Cryptos, No Money Out of Pocket, and Build a Passive Payment Crypto Portfolio, FAST!

If You Just Want a Simple, Proven Approach to Start Earning Cryptos, Without the Hype & False Promises, This Might be Exactly What YOU Are Looking For...




Earning Crypto Online Should Be Easy!

Especially now.

I know it sounds cliched, but Cryptocurrency currently offers one of those ground-floor type opportunities that we always seem to hear about far too late to do anything useful about it...

Well, this time it's going to be different.

This time WE are the ones getting in on that ground floor, so WE will be the ones telling everyone else how WE absolutely CRUSHED IT!

I'm sure you know all that already, so I won't blab on and on about Bitcoin's trajectory, the power of blockchain technology or just the overall potential of Crypto in general...

No, I'm just going to share our plan to cash in on all that. And then you can decide if it's a strategy that might resonate with you.

The Viral Stacking strategy is a bit different than a lot of approaches and it won't be for everybody. Because of this, I am going to ask you to please take you time and read this all the way through. Regardless of if you decide to join us today or not, I am sure that you will find some clever ideas and information to take away today.

HUGE Promises, And Even Larger Pitfalls...

 

Make ZERO mistake about it.

There are a TON of people are making making absolutely INSANE amounts of profit in cryptocurrency right now.

It seems like every time I turn on my phone or laptop, I see some headline about some new story about another random dude or dudette that supposedly bought some random new crypto right before it launched, and is now on his or her way to early retirement in luxury. Some of these stories and sources may be a bit more credible than others, but the overall effect always seems to be the same...

People who aren't already in this industry might hear these stories and experience some level of FOMO and worry that they might be missing out.

So what do they do next?

Why, they start looking for absolutely ANY way they can, to get their foot in that door...

This "Fear Of Missing Out" (FOMO) is a powerful, driving force that marketers and scammers alike rely on to sell all kinds of programs, systems, platforms strategies and so called training.

Some are actually legal & legit, but many are not, so this means that FOMO can also be in fact quite dangerous.

So I really want to bring home a just couple points for you today...

#1...

You have time! This isn't some passing fad. This is a fundamental change to finance itself, and you don't need to rush into anything.

#2...

This industry is full of "Crypto Evangelists". These are people so excited by what's going on here that they're happy to share their knowledge & experience with you for free.

The last one really just means that you honestly don't have to pay one red cent for Quality Education or Training... if you are ready to commit some time and effort to find the resources and do the work. (I can't stress that part enough!)

It is not without it's own set of risks, however. This modern day gold rush mentality makes it extremely simple for scammers who target impatience, laziness and greed... and of course, the afore mentioned FOMO...

 

So all the standard online warnings apply... buyer beware, and if it sounds too good to be true, it probably is!

There Are Really Opportunities Out There Though...

Regardless of how many scams are out there, plenty of legal and legit ways to earn crypto online exist... if you take your time, research your options and do the work!

But we need to get a couple things out of the way first...

 Cryptocurrency doesn't have to be difficult, but you need to be realistic in your expectations.

 It is still very new and evolving quickly, so there WILL be a learning curve.

 No company is going to give you life-changing income for doing absolutely nothing.

 Residual and passive income come from committing Time, Effort or Money... or all three!

 And most important of all... Big Returns ALWAYS come with Real Risks.

 Managing Risk While Still Profiting?

The safest approach is to simply Buy Cryptos and hold on for dear life... HODL.

Most new crypto enthusiasts will look to BTC, LTC ETH etc, as the most solid options for a long-term hold...

But there are also many man smaller Alt-Coins out there, many of which are still super-cheap, so a lot of people are buying those in hopes that one or two might take-off and increase in value 10 or 20 times, or more...

As your crypto portfolio grows, you'll find that you now have even more options to earn extra coin through things like staking and mining, and don't forget that you can even get better-than-the-bank interest rates on some crypto exchanges!

Of course this is only works if you have the coin just sitting around waiting to get started.

Most of us however are not that lucky, but we'll stick a pin in this for now, as it's an important part of your long-term strategy that we'll come back to later.

One of the best options to earn crypto with nothing out of pocket is traditional affiliate marketing.

It seems like more and more businesses these days have affiliate programs that will now pay your comssions in cryptocurrency, so this is not only quite safe but also fairly easy. It takes a little bit of a commitment when it comes to both time and effort in order to do it right though, and even longer for your earnings to amount to much.

So it's still not the best strategy for getting into the market RIGHT NOW, but it's another longer-term option we'll come back to once you've got some crypto cashflow happening. I like to call this "seed coin"

 

Here's how it looks when you get started...



Phase 1. Seed Coin Programs



It all starts with a pristine selection of apps, websites and programs with the potential to generate quick withdrawable crypto when working by yourself and generous commissions when referring others. Once you are all set up, every referral you make to Viral Stacking can grow your entire network, and increases your earnings from each and every program in your portfolio.

Any program that pays well and fast should be considered slightly higher risk though, and we are careful to research & test these programs, and our diverse/stepping stone portfolio approach minimizes the impact if any of the programs don't deliver as promised. (If this is ever the case with any program in Viral Stacking, we just simply take that specific program out and replace it with another one)

 

Our approach here is to earn small but quickly withdrawable amounts of crypto in each of these programs as quickly as possible. This is so we can keep our momentum strong and to move our newly acquired "seed coin" along to even better paying (and scalable) platforms ASAP. That way, we can not only diversify our earnings portfolio even more, but you can then get your initial earnings out of each program sooner and then just let it run. This makes it 100% risk-free!

 



Phase 2. Passive Programs Portfolio



 

Once you're up and running, our long-term strategy is to keep moving your profits from your "seed coin" programs to your Passive Program Portfolio. These still have a stepping stone approach and we will get involved with the lesser expensive ones FIRST and let those fund our way into the more expensive platforms. The programs in our Passive Programs Portfolio have a varied amount of risk. Some are more risky than others. However, we have done thorough research on all of them and remember, this can all be done with completely NOTHING out of pocket having each previous program fund the next. This means they could turn out to be even more lucrative.

These all have their own generous affiliate programs, and it's very likely you'll do very well out of those as your network grows and your people start to get involved in these programs themselves.

 

If we are talking about long-term though, that could be merely a drop in the ocean, compared to what you'll make if you have a very well thought out withdraw strategy in place when it comes to taking your own crypto profits out of these programs. We are talking about reliable, consistent and life changing full time income!

 

 



Phase 3. Built In Traffic Systems



After we have all our income streams up and running, we will get to work on a few simple traffic strategies that are designed to run on semi-autopilot once you're set up. The sites we use are built into your Viral Stacking network, so as you refer more people into Viral Stacking, your traffic grows exponentially as well...

We use a well thought out strategy that maximizes efficiency in order to grow your network and multiply both your referrals and earnings many times over. This strategy is like none other out there and laser pinpoints your EXACT demographic of an ideal customer... which moves things along even faster.

This will quickly become a standalone traffic machine that you will have to use however you like, FOREVER! Some of the sites we use also have their own compensation plans built-in, which in time will give you extra funds to either use to diversify your portfolio even more... or to withdraw spend... it's completely YOUR decision.

Best of All: You Can Set This Up In The Next Hour Or So!

We've developed a system most people will set up on a couple of hours. If you've been active online or in cryptos, you'll have joined some of these programs already, so it will be even faster.

You then prime the system with a few simple promos we'll walk you through, and the built-in traffic system starts to take over and generate ongoing hands-free visitors. And each time one of those visitors joins your network, it immediately increases your profits and generates even more traffic.

So you will quickly be able to re-invest in your Rapid Cashflow Portfolio, generating ever-larger profits with every referral. Once you have that momentum happening, you can start withdrawing some of your profits and investing in your Capital Growth Portfolio.

And that's it!

Viral Stacking is designed to be 95% Set-and-Forget.

There's a few small recurring tasks required keep it running smoothly, but most of those are managing your profits, so you won't mind doing that!

Don't let that simplicity fool you though.

This is extremely powerful and effective... if you're prepared to put in the effort and be disciplined in sticking to the system once those initial profits start coming in...

It Goes Without Saying, This Won't Be For Everyone...

There is real risk involved here...

We are asking you to invest time, effort and possibly some of your own coin (only if you want to) into a number of 3rd-party programs that we have no control over. It won't be a lot of time and effort, and the money involved is minimal or even optional, but any one of these programs, a[[s or platforms could disappear, without warning or explanation, at any time.

You must accept that possibility and acknowledge that it is out of our control.

Some of these programs are ALMOST too good to be true...

So we've been extra careful to only use programs for our seed coin that are completely free to join, use and promote.

Viral Stacking is totally free to join (there are optional upgrades), as are all the programs in our initial seed coin portfolio... but if you're serious about this, at some point you will need to spend some money to move things along at a pace that will keep you motivated.

We actually show you how you can fund all this, no money down, once you get inside... as long as you're prepared to do some work, stick at it and are willing to put everything you earn back into the system... for a good few months at least.

So if you don't have a cent to spare and you're going to be looking to withdraw your earnings ASAP, this probably isn't going to work for you right now.

On the other hand, if you're able to take a long term view and commit some real time an effort, then Viral Stacking has the potential to get you where you want to go, faster than you ever thought possible...

Low Tech doesn't mean No Tech...

My final warning is that there will almost certainly be a learning curve for many people.

We've streamlined and systemized everything as much as possible, and we've got some pretty simple step-by-step instructions to get you through the set up, quickly and easily.

We've kept the technical jargon to a minimum and you won't need a crash-course in cryptos or blockchain to take part...

But you will need to get a handle on a few basics...

You'll need a (free) Digital Wallet along with a couple other (free) accounts 

So How Are We Going? Are You Still Interested?

The bottom-line is, this is a simple, free framework to get you set up and earning cryptos fast, as long as you're prepared to do some work up front. It's not a lot of work, but you need to see it through.

You then need to invest a few dollars early, to lock-in some better paying positions so you can get some momentum happening. That does involve a degree of risk, but it's also when it gets exciting!

I can promise you right now: if you take a wait-and-see approach... doing and spending the bare minimum... this probably won't work for you.

You'll make some progress but it'll be so slow you'll lose interest and drift away, long before you get to those exciting levels where people get really motivated and things take off.

But if you come onboard prepared to do the work, reinvest your initial earnings and stick at it until it happens, then you're in for a wild and exciting ride.

There will be risks and nothing is guaranteed, but our system is designed to minimize those risks and give you the best possible chance of coming out a winner.

So That's The Viral Stacking Strategy

You'll notice this isn't your usual high-pressure sales letter, packed with bullet lists of amazing benefits and dozens of distracting graphics. We don't bother with B.S. scarcity or urgency tactics either...

To be blunt, if that's what it takes to get you moving, then this probably won't be for you.

We're looking for people who are prepared to invest real time and effort setting this up... so if you won't take some time to read this page in full so you can understand exactly what's on offer, then it's pretty unlikely you'll ever do the work once you get inside...

On the other hand... since you have read this far... if it's making sense and you can see the potential, and you want to join us for the ride, you can just click the button below to create your free account.

Frequently Asked Questions

Here's a couple of common questions we get... we've got a few more for Members on the inside.





 






Hold On... Bitcoin Just Crashed?!

Be warned, this won't be a smooth ride!

Cryptos are still extremely volatile, so you MUST be ready for big moves...

Both up and down.

When cryptocurrency prices go higher, more people will buy, creating even more buzz. More people will pile on late, trying to grab a piece... sending prices even higher... attracting even more FOMOs. (People who have a fear of missing out)

That's when the people who got in early will look to take some profits... So prices will ALWAYS come back down a bit. This is called a correction and is absolutely 1,000% EXPECTED.

But the late-comers will see the price move lower than what they bought in at and this will cause them to start panic selling...

This means prices go even lower, panicking more people and causing an even BIGGER sell off.

This is actually called the Capitulation Phase and is completely normal as well.

At this point, the people who got in too late with money that they couldn't afford to lose, panic and then HAVE to sell, but usually at a loss by this point.

This is about the time the savvy investors step in and start buying again...

This causes the cycle to start all over again.

So our goal here is to stay on the right side of this. We do this by practicing a dollar cost strategy so basically we never pay more than average prices for coins. We can most of our coin for free (well, nothing out of pocket anyway) so this doesn't really apply to us as much anyway. With our system, we will always be earning slightly more crypto than we were before with the way we grow our network. When we practice methods like this, it makes things a lot more consistent and predictable so we can easily hold through these fluctuations, no matter how wild they get!



Would you like a step by step guide of how to create a Plug-N-Play, passive earning cryptocurrency portfolio with nothing out of pocket? Then get your $300 signup bonus NOW and collect crypto, referrals, commissions, advertising, profits and results with blinding speed! Simply click the banner below to get started collecting FREE crypto right now:



Dan Watson and Viral Stacking provide an informational service only and are not responsible for any investments made applying this information. The results described are not typical and are not guarantees of future income. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved. It is possible to lose some or all of your investment. We assume no liability assumed or implied for your application of the information shared from the training programs.

I am not a financial advisor and for that reason, nothing I say or write should be taken as financial advice. This information is for informational and entertainment purposes only. I am not the owner of any of the programs mentioned on this website. I am also not connected to the presented websites in any way, shape or form. There is risk involved in trading, mining, lending, staking and investing in cryptocurrency. So any previous payments made by any website or an investment fund do not guarantee that payments will be steady and regular in the future. I am not responsible if a website does not pay out or shut down at anytime. So Join at your own risk. This information is created as per my personal experience. I do not take any responsibility for any losses that may occur. I do not give any financial advise.

Earnings and Income Disclaimer. We make every effort to ensure that we accurately represent these products and services and their potential for income. Earning and Income statements made by its’ customers and/or I are only estimates of what we think you can possibly earn. There is no guarantee that you will make these levels of income and you accept the risk that the earnings and income statements differ by individual. As with any business, your results may vary, and will be based on your individual capacity, business experience and overall desire.



About Dan Watson

avatar

Hello! My name is Dan Watson. I have been marketing online for a few years now, although I didn't start having any success recently, I have learned a lot in the past couple years and have grown my team into the hundreds. I love marketing and it is my passion. I simply cannot see myself doing anything else. Please take the time to look around my blog and read some different posts. If you decide that you may want to work with me and let me help you learn how to earn money online as well, simply sign up at ViralStacking.com and I will get in touch with you and let you know how to get started. I look forward to working with you. Here's to your success!