Introduction To Bitcoins

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This world of retail you may start trading having a low capital outlay to dominate a great currency set. You can trade for a standard $100,000 currency lot by with just $1000.

A short history lesson: When people first started setting up actual business based on Bitcoin, they used all of the tools open to any merchant. They sold by credit card and PayPal. Problem with ebay model was quickly spotted: bitcoin transactions are not reversible by anyone except the people receiving the dollars. Credit cards and PayPal have strong buyer protection policies which render it relatively straightforward for people to request a chargeback. So, nefarious individuals realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since Bitcoin is a non-physical product, sent by new and poorly understood technological means, the sellers were struggles to contest this kind of. Because of this, sellers stopped accepting credit cards and PayPal.

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