What is the best way to make money with bitcoin in 2017?
This is the most question i've read in some other social media.
well in this post will going to explain word for word all about business in Bitcoin and other Crypto Currency we know.

Bitcoin continues to be one of those mysteries that many people seem to heard about but don't understand. Bitcoin is a form of digital currency, created and held electronically. Unlike DOLLARS or EUROS which are printed, Bitcoins are mined. What the heck does that mean?
Well just like the traditional mining of natural resources. Bitcoins are mined eletronically with computers. I'm guessing you've stumbled across this post because you're seeing how high Bitcoin have gotten these days and want to know how you can profit from it. You've come to the right place! Continue on to see how to profit from bitcoin.

Why was Bitcoin Created?

Way back 2009, a software developer called Satoshi Nakamoto (No one can really confirm this) created Bitcoin, The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

However, Bitcoin's most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the Bitcoin network. This puts some people at ease because it means that a large bank can't contrl their money.

How do you mine Bitcoin?

Around the world, people are using software programs that follow a mathematical formula to mine Bitcoins. The scripts that calculate the mathematical formula is freely available so that anyone can get in on the action. The software is also open-source which means that there are many people looking at the blockchain to make sure nothing fishy is being done. One of the beauties of Bitcoin is that it has a finite number. The formula only allows a limit of 21 million Bitcoins have been mined. Once we hit 21 million, that's it!

Bitcoin Blockchain?

You might be thinking that the last 5 million will go fast, well yes and no. Another genius thing that the creator of Bitcoin did was to make the formula's difficulty linear with the total compute power. That meansthe more people that are mining Bitcoin, the harder it is to solve the formula. So, that means the last 5 million will take a while before they get mined out and it might take 10-15 years before the last million gets mined out.

Early on, anyone with a computer can be mining Bitcoin and get plenty of it (since they were worth nothing). After mining became popular and CPU's could no longer keep up, people moved mining to powerful graphic cards called GPU's. Then when those were no longer cost effective, specialized companies came out with special processors called ASIC's with the sole purpose of mining Bitcoin. Soon cloud miners came out but they were short lived.

These days a hobbyist could not mine Bitcoin with profitability. But with the rise of other digital coins, it is profitable to build mining rigs for currency such as Ethereum and Litecoin and convert them to Bitcoin later on. Check out building you own mining rigs.

Why would accept a Digital Currency?

You're probably wondering who in the world would accept a digital currency not backed by an institution or bank? These days many companies accpet Bitcoin and it is seen as a mature currency that isn't going to go away anytime soon.Below is just a sample list of small to large companies that are accepting Bitcoin as payment.

WordPress - An online company that allows user to create free blogs.
Overstock - A company that sells big ticket items at lower prices due to overstocking
Subway - Eat fresh
Microsoft - Users can buy content with Bitcoin on Xbox and Windows store
Reddit - You can buy premium features there with bitcoins
Virgin Galactic - Richard Branson Company that includes Virgin Mobile and Virgin Airline
OkCupid - online dating site
Tigerdirect - Major electronic online retailer
Expedia - Online travel booking agency
Gyft - Buy gift cards using Bitcoin
Newegg - Online electronics retailer now uses bitpay to accept bitcoin as payment
1-800-FLOWERS - United States-based online floral and gift retailer and distributor
Fiverr - Get almost anything done for $5
Dell - American privately owned multinational computer technology company
Wikipedia - The Free Encyclopedia with 570 000+ article
Steam - Desktop gaming platform

How to profit from Bitcoin mining

Just to reiterate, unless you have millions of dollars to build out data centers and populate it with ASIC computers, you will not make money from mining is to mine alt coins such as Ehereum and Litecoin using GPU rigs. ROI is around 3-4 months but if the digital Currency keeps rising, It might be even faster than that. Convert the alt coins for Bitcoins afterward.

Buying and selling Bitcoin

Besides mining, the other way to profit from Bitcoin is to buy and sell. There are two plays, the short play and the long play.

The Long Play is to simply buy and hold. This is the way most people are playing it simply because it has been a safe bet. Since 2016, Bitcoin has risen from $250+ dollars to over $1200+ (as of Feb 2017). Because of the limit cap of 21 million Bitcoins, there is very real chance that once we approach that number that last Bitcoin the value of Bitcoin skyrockets to something we can't even fathom today.

In Conclusion

One this is for sure, Bitcoin is here to stay and will only be heading higher in the future.