Telephone scams are on the increase across the country, these scammers are starting to ask for Bitcoin for payment for their intended con. This seems to be at best a difficult option and will be your first tip that something is wrong!  Best to be in the Know!!

A Bitcoin Article recently written by Brian Edmundson for the Balance spells out the steps that you need to take to use Bitcoin.   The process is as follows and his article tells how to do it and how it works of the different sections.

Step 1 – Set up your Virtual Bitcoin Wallet

Step 2 – Purchase Bitcoin Electronically

Step 3 – Buy Bitcoin Locally

Step 4 – Buy stuff with Bitcoin

His bottom line is that if you decide to dabble in Bitcoin, it is important to know that you can lose money if the value drops and that it’s still a very new technology and the best people in the know aren’t sure what going to happen with it.  So, it’s a good idea to use the philosophy “buyer beware”.

The Morgan Report by Silver Specialist David Morgan ran this special article The Boy Who Cried Wolf  by Bob Pellerin  which offers an interesting view  from an IT specialist point of view.  He sums Bitcoin up as when you can go to a regulated bank and trade them, then might be a time to reevaluate the use of the digital currency.

A legal firm in California,  Hogan Injury, has written an article, Paying with Bitcoin – What You Need to Know.  They can also be contacted for information should you have any specialized questions.

A Bitcoin Guide for Beginners

Source: The Beginners Guide to Bitcoin