Thursday, 13 April 2017


After you have opened a bitcoin account and setup your wallet, the next thing you want to know is how to get bitcoin into your wallet.

The first step,as a beginner, to acquire bitcoin into your wallet is to buy some amount of bitcoin from sellers of bitcoin into your wallet. A lot of people might tell you several ways by which you can get bitcoin as a first timer without first buying but while you give their option a trial, you need to be aware that there are lots of Scams that have been created around bitcoin nowadays. So, as a beginner, we advise that you buy sufficient bitcoin into your wallet first which can help you launch into the business of bitcoin. There are lots of places online where you can buy bitcoin but we highly recommend these two below:

You can also buy bitcoin offline from sellers. This method is very convenient for people who are not sure of how to buy things online. In this case you meet with the seller maybe in the office or at a recommended place where he/she can make transfer of amount of bitcoin you want to buy to your wallet and you pay in cash. Contact us for recommendations.

Another sure way of acquiring bitcoin, after you might have bought  little amount of bitcoin to keep your wallet active, is to invest the bitcoin in a legit online business.

As a regular reader of this blog, you know that one of the things we do at Elf-one Computer Technologies is Online investment. There are several online investments out there that claims to either double or triple your bitcoin for you in a very short time but at the end of it all, most of them turn out to be a scam. That is why we take out time to research on the very legit ones among the several online investments.

The very one we recommend for you as of today is Richmondberks 

Details on this online investment will be given in the next post but for those who will want to start earning now, Richmond berks is a safe place where you invest your bitcoin and earn 1.6% of your investment every.

Start earning by SIGNING UP NOW 

Watchout for next post on details on this online investment  

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Friday, 17 March 2017

Bitcoin Cryptocurrency - A type of digital money

In the last post where i Introduced Cryptocurrency to you, i mentioned that we have several cryptocurrencies now available online. Here i will talk about a type of cryptocurrency which, as at today, is the most popular and widely accepted one too. Bitcoin!

What is Bitcoin?

As explained on

Many people believe Bitcoin to be very complicated, when in fact it’s a lot more simple and intuitive than what most people think.

Bitcoin is often explained by comparing it to something specific people already know, but this is often what creates a lot of confusion. Bitcoin is a new technology that is unlike anything we have seen before, so a better way to think of it is as a combination of a few different things we are already used to:

Firstly, because it allows you to move money so easily, Bitcoin functions as a payment system, similar to bank transfers or credit cards, only a bit better.

Secondly, Bitcoin is in some sense similar to gold - that is why many people even refer to it as ‘digital gold’ or ‘Gold 2.0’. Think of it as using gold for money, except it also very easy to move.

Thirdly, Bitcoin is like the internet in that no single person or entity controls it, so anyone can pretty much use it as they like. This gives it some very unique characteristics.

These three characteristics also reinforce one another, so they are all interwoven. Just imagine what would happen if you took a big pot and threw in a credit card, a piece of gold, and a hint of ‘internet’ - mix it all up - and pull out a brand new compound - Bitcoin!

How to start using Bitcoin?

Bitcoin is just like the traditional money we spend everyday (Naira, Dollar etc). When you have it, you can spend it on buying goods or paying for services. The difference between bitcoin and the traditional money is that bitcoin is a digital money which means it is spent online.

To own bitcoin, you can either earn it by accepting it as a reward for a service you paid (just like you get paid with every other money) or you can buy bitcoin from someone in possession of it (this is called peer-to-peer). In all, you need to open a bitcoin wallet where your bitcoin will be stored. The wallet is just like owning a purse where you keep your money. There are several website online where you can open a bitcoin wallet one of such site is Blockchain. All you need to do is visit the site and sign up to open a wallet. Open a wallet with blockchain now.

When you have successfully opened your wallet, you can start receiving bitcoin into your wallet by giving out your wallet address to anyone that wants to send bitcoin to you. You can find your wallet address when you login to your blockchain account.

In subsequent post, i will highlight various ways by which you can acquire bitcoin into your wallet so ensure you follow up 

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