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Bitcoin and its sister currency, Litecoin, are undoubtedly the hottest developments in money this century, and both are rapidly gaining worldwide attention.
Every day, it seems, the media is filled with stories of fortunes made and lost in the mysterious ‘wild west’ that is the world of crypto-currencies.
But sadly some people have lost it all, because they don’t know how to protect their investment – like the guy who lost Bitcoins currently worth $12,276 when he was tricked into running a computer virus that emptied his digital wallet.
Or the British guy who accidentally trashed a hard drive containing an estimated $6.4 million worth of Bitcoins.
You see, for all the thousands of column inches devoted to this amazing development, there is still a lot of confusion about what Bitcoin and Litecoin are, how they work and how to avoid becoming one of the horror stories.
“This guide has not only changed the way I think about Bitcoins, it has also changed the way I handle all the websites I’m registered with. Worth reading, even if you don’t end up investing in Bitcoins!” ~ Larry, Birmingham, Al
They are the pioneers and this is their town, and just like the gold rush prospectors of the old wild west, you are entering a competitive and unfamiliar territory, with no Sheriff to help you out.
The thing is, crypto-currencies like Bitcoin and Litecoin strip away much of the expensive and bureaucratic ‘protection’ provided by the traditional banking model and they put the responsibility for your money firmly in your hands.
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