{"id":3204,"date":"2013-12-05T04:11:19","date_gmt":"2013-12-05T04:11:19","guid":{"rendered":"http:\/\/www.gubatron.com\/blog\/?p=3204"},"modified":"2013-12-05T04:11:19","modified_gmt":"2013-12-05T04:11:19","slug":"why-buying-bitcoin-in-2013-is-a-no-brainer","status":"publish","type":"post","link":"https:\/\/www.gubatron.com\/blog\/why-buying-bitcoin-in-2013-is-a-no-brainer\/","title":{"rendered":"Why buying Bitcoin in 2013 is a no brainer"},"content":{"rendered":"

I think the BitCoin market cap will grow AT LEAST ten fold in 2014 as only a mere 10% of the internet\u2019s b2c trade exponentially shifts into Bitcoin as the internet\u2019s de-facto currency thanks to it\u2019s convenience and optional low transaction fees.<\/strong><\/p>\n

\u201cGlobal business-to-consumer e-commerce sales will pass the 1 trillion euro ($1.25 trillion) mark by 2013<\/strong>, and the total number of Internet users will increase to approximately 3.5 billion from around 2.2 billion at the end of 2011, according to a new report by the Interactive Media in Retail Group (IMRG), a U.K. online retail trade organization.\u201d
\n-Abdul Montaquin, Internet Retailer.<\/p>\n

These numbers are pretty amazing, about USD $1.25 trillion in e-commerce sales alone, now add to that business to business (b2b), and it\u2019s a hell of a lot more money changing hands online through a very innefficient money transfer infrastructure which has a very high barrier of entry for people outside developed nations.<\/p>\n

If you want to accept payments on a website today, some of the easier options are things like Paypal or Gumroad, but in order to use those you need to have a Bank account in a country where those merchant companies do business. In some countries that\u2019s just not a possibility and there\u2019s a large portion of the world that\u2019s being shunned from e-trade.<\/p>\n

Even if you get in, these companies are there to solve a problem for you (being able to process payments) and they present a set of inconveniences of their own, the most obvious is their business model, they charge fees for processing your payments, and these fees are so high that they\u2019ve shunned out the possibility of processing micropayments (say being able to sell goods or services for just a few pennies)<\/p>\n

And then, there\u2019s regulation, which forces these payment companies to impose limitations on you, they limit how much money you can transfer per month, how much money you can receive, and they even limit the kinds of activities you can do to accept payments.<\/p>\n

That\u2019s a lot of problems that BitCoin solves TODAY.<\/strong><\/p>\n

With BitCoin, anybody in the world can create a BitCoin wallet in their computer, paste a bit of HTML on their site, and start processing payments without having to have a bank account, without having to pay fees (fees are optional if you want speedier payments), and best of all nobody can limit the amounts you will process no matter how small or large.<\/p>\n

<\/p>\n

If you go back to those $1.25 trillion of the e-commerce to consumer, plus whatever other amount of money is floating around the internet this year, and you think how fast the internet is at adopting new solutions to make itself leaner and more convenient, it\u2019s easy to see that even if next year, just 10% of that $1.25 trillion would be poured over the Bitcoin economy, say just $125 billion would be bought into BitCoin, today\u2019s BitCoin market which is valued at a mere $13 billion would grow to about $138 billion, let\u2019s round it up to $140 billion.
\nThat would make today\u2019s BitCoin be valued about 10x more.
\nAnd that\u2019s if only 10% of the b2c commerce would happen in BitCoin.
\nNow imagine the world\u2019s that\u2019s been shunned out of ecommerce coming into play and the exponential technological adoption coming into place, think how fast websites got to put those Facebook Like Buttons, now imagine \u201cPay with BitCoin\u201d everywhere, and every innefficiency around BitCoin being taken care by the entreprenurial people of the world. BitCoin is without a doubt the greatest thing to have happened to the internet in the last years, money is being transformed.<\/p>\n

What are you waiting to get some BitCoin?<\/strong><\/p>\n

(If you want to learn more about BitCoin, save yourself sometime and check my BitCoin essentials and must have bookmarks<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

I think the BitCoin market cap will grow AT LEAST ten fold in 2014 as only a mere 10% of the internet\u2019s b2c trade exponentially shifts into Bitcoin as the internet\u2019s de-facto currency thanks to it\u2019s convenience and optional low transaction fees. \u201cGlobal business-to-consumer e-commerce sales will pass the 1 trillion euro ($1.25 trillion) mark […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1361],"tags":[],"class_list":["post-3204","post","type-post","status-publish","format-standard","hentry","category-bitcoin-2"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Unzf-PG","jetpack-related-posts":[{"id":3183,"url":"https:\/\/www.gubatron.com\/blog\/bitcoin-essentials-and-must-have-bookmarks\/","url_meta":{"origin":3204,"position":0},"title":"BitCoin essentials and must have bookmarks","author":"gubatron","date":"November 19, 2013","format":false,"excerpt":"BitCoin is probably the most exciting thing to happen to money since the history of... money, as off the shelf computer harware, software, cryptographic tools, and p2p internet technology have come together to create a currency that: - Doesn\u2019t need a bank to be secure or to validate transactions, it\u2019s\u2026","rel":"","context":"In "BitCoin"","block_context":{"text":"BitCoin","link":"https:\/\/www.gubatron.com\/blog\/category\/bitcoin-2\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3202,"url":"https:\/\/www.gubatron.com\/blog\/sending-money-banks-vs-bitcoin\/","url_meta":{"origin":3204,"position":1},"title":"Sending money: Banks vs BitCoin","author":"gubatron","date":"November 27, 2013","format":false,"excerpt":"So I\u2019m in desperate need to send money to my family in Venezuela this week, and sadly they\u2019ve still not adopted (or even heard off, much less understood bitcoin yet) and I\u2019ve been forced to wire some money to an account in Per\u00fa to a friend of the family. I\u2026","rel":"","context":"In "BitCoin"","block_context":{"text":"BitCoin","link":"https:\/\/www.gubatron.com\/blog\/category\/bitcoin-2\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3195,"url":"https:\/\/www.gubatron.com\/blog\/how-to-import-a-backed-up-wallet-in-bitcoin-qt\/","url_meta":{"origin":3204,"position":2},"title":"How to import a backed up wallet in Bitcoin-Qt","author":"gubatron","date":"November 20, 2013","format":false,"excerpt":"The Bitcoin-Qt client has an export feature, but not an import feature, importing a wallet is a bit of a manual process and it can be quite scary for the non-computer saavy since you need to do this kind of stuff because you got a new computer or your old\u2026","rel":"","context":"In "BitCoin"","block_context":{"text":"BitCoin","link":"https:\/\/www.gubatron.com\/blog\/category\/bitcoin-2\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3001,"url":"https:\/\/www.gubatron.com\/blog\/how-to-gpu-mine-bitcoins-on-a-macbook-pro\/","url_meta":{"origin":3204,"position":3},"title":"How to GPU-mine BitCoins on a MacBook Pro","author":"gubatron","date":"April 27, 2013","format":false,"excerpt":"I've just gotten started into BitCoin a little late in the game (April 2013) and if you're reading this you're probably on the same boat. This post details the steps I took to start mining BitCoins with GPU on a MacBook Pro. 1.\u00a0Get DiabloMiner. You will need to have installed\u2026","rel":"","context":"In "Geeklife"","block_context":{"text":"Geeklife","link":"https:\/\/www.gubatron.com\/blog\/category\/geeklife\/"},"img":{"alt_text":"4195093260_78f080cab0_z","src":"https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2013\/04\/4195093260_78f080cab0_z.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2013\/04\/4195093260_78f080cab0_z.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2013\/04\/4195093260_78f080cab0_z.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":3291,"url":"https:\/\/www.gubatron.com\/blog\/the-real-price-of-bitcoin-in-bolivares-fuertes-bitven-com\/","url_meta":{"origin":3204,"position":4},"title":"The real price of Bitcoin in Bolivares Fuertes: BitVen.com","author":"gubatron","date":"May 23, 2014","format":false,"excerpt":"I've just released a tool for Venezuelans looking to know what the ACTUAL price of Bitcoin is in Bolivares Fuertes, it's called BitVen.com Most price tickers out there don't know about Venezuela's currency control reality and they post the Bitcoin price using the Government's official dollar exchange rate, the problem\u2026","rel":"","context":"In "BitCoin"","block_context":{"text":"BitCoin","link":"https:\/\/www.gubatron.com\/blog\/category\/bitcoin-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2014\/05\/Screen-Shot-2014-05-22-at-9.39.28-PM.png?fit=547%2C482&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2014\/05\/Screen-Shot-2014-05-22-at-9.39.28-PM.png?fit=547%2C482&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.gubatron.com\/blog\/wp-content\/uploads\/2014\/05\/Screen-Shot-2014-05-22-at-9.39.28-PM.png?fit=547%2C482&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3276,"url":"https:\/\/www.gubatron.com\/blog\/why-it-only-took-me-less-than-2-minutes-to-believe-in-bitcoin\/","url_meta":{"origin":3204,"position":5},"title":"Why it only took me less than 2 minutes to believe in Bitcoin","author":"gubatron","date":"April 30, 2014","format":false,"excerpt":"Seeing is believing. 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