Bitcoin Forum

ATTENTION! This is a thread talking about me, my career with btc, and getting feedback how I can improve/get more.
I am not asking for any form of payment, so please do not remove this thread.
I just want feedback/questions answered.  :-\


Hey BTC Community!

I need some help!
I will be mentioning stuff I am doing w/ BTC, and then I will have questions/openings to feedback, so feel free to add/give feedback/answer!


Pretty new here, but I do a shit ton of study on whatever I am into, and I am currently in this one :)

So far, I have been using Coinbase as my main wallet, which is working pretty well,

I am looking at miners, not for profit, but for a slow profit while I help the network out !

For profit, to bring some BTC to my empty wallets, I have been using Purse.io, a crazy cool site where you can use Amazon giftcards to buy wishlists for people in exchange for BTC which will be in escrow till their packages arrive, and I have gotten .044 BTC total, with as of now, .1108BTC in escrow!


Right now, I have a storage set up for future investments when Bitcoin supposedly 'sky rockets' ;)
and I have my wallet for messing around with stuff.

https://i.imgur.com/58bvIKE.png

That is my total balances across accounts.

Now.
For questions on what I should do/start doing to improve my BTC career!

BTC Should I continue to use Coinbase? Seems pretty popular and secure, but you can never be sure.

BTC Are miners worth it? I mean, they are super expensive and I am not even looking at trying to get profit out of these things.

BTC You can see that I have a tad of BTC, with more in escrow. What should I do to get more? I want to be active here and get more, so I can invest in the network, the community and my future! What do you recommend?

BTC I am very good at betting, but most casinos aren't too good. Does anyone have a good casino they can link me?

BTC I am also a fan of investing. Is there anything I can invest in, to help stuff, and receive the same amount back, plus possible profit?

BTC Anything else, leave below!

Thanks guys!

x_Molotov BTC

You should stop using Coinbase, or any web wallet. Those wallets are typically not secure, and they don't give you access to your private keys, meaning that the service can spend the Bitcoin for you should they wish to do so. Instead go with a desktop wallet. If you want something quick and easy to use, I recommend Electrum. If you want security, I recommend Bitcoin Armory. However, Bitcoin Armory, like Bitcoin Core, will need to download the full blockchain which takes up 40+ Gb of space.

Its okay if you want to mine just for fun or as a hobby, but don't expect to ROI on it anytime soon, and don't expect to even make a profit. You will be at a net loss since electricity for it will cost more than you will ever make.

Try to spread out. Keep some of it in cold storage, just in case. Keep some in hot wallets. There aren't many good investments with Bitcoin yet. Most of them are scams and ponzis that will just take your money and run. When looking into something and seeing if you want to invest, make sure you do your research to ensure that they won't scam you.

When you get a high enough rank on your account here, you can join a signature campaign which will pay you for posting here. But when you do that, be careful since that could potentially get you banned for spam posts if you just post spam in order to get paid.

I am going to buy some of these hi rate PoS coins. I found this new one here https://bitcointalk.org/index.php?topic=1103868.0 it seems like it is off to a good start. With rates like that, profits should be easy enough.

no coinbase is not secure, will give our info to the authorities if they come knocking, use blockchain.info

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no, they are not

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use it just as how you would use normal money, remember, this is just another currency

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dont even think about it

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you can make your own faucet and earn from ad revenue, much better than gambling and mining

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Hmm try to use another wallet, try use wallet like multibit..

Becarefull if you playing a gambling, just leave it :D

Do not invest your money on HYIP or ponzi, or you wont see your money again

save your money and dont make investment at hyip, ponzy, or gambling methode
just doing your virtual money management well and get some profit from trading..

it's seems a good opportunity, this particular coin has 2% each day of interest if you invest 1 btc in it you can earn 0.02 each day which is better than any mining, but about security i don't know, those coins die fast

I recommend greenaddress :)

I keep hearing people say don't use online wallets, what they don't seem to realize is that these online services play a vital role in opening up Bitcoin to the masses. They make using BTC simple, non-technical and available to people who aren't computer savvy. Your BTC will never be 100% safe no matter where you keep it. For me personally, I find that the advantages of having my BTC online far outweigh the risks.

the correct suggestion is "not to keep a lot of bitcoin in an online wallet".
it is a well known fact that they are the least safe bitcoin wallets among all other wallets. what i suggest to others is to make an offline wallet using any wallet that they like (i used Electrum) and keep majority of their coins which they want to hold for long term there.
and the rest which they need to access anytime, you can keep at online wallet

Online wallets are quite alright, if they are well known. The only bad thing about it is that you would not be able to control your private key and if it comes under attack, you would have to wait to claim your BTC. By using an online wallet that gives you your own private key, it would be more secure but not as secure if anyone else knows your private key. (Do not use Blockchain.info though) An online wallet could easily succeed in a double spend attack since the user would most likely only be relying on the website for their transaction. SPV Clients like multibit and electrum are also userfriendly and offers much more security.

1. Coinbase is basically bitcoin exchanger, but at once they have a web wallet service, i personally will use coinbase for excahnge only, keep your coins there for long term is too risky.

2. Mining bitcoin now is not profit except you have mining farm, because the difficult is always increased.

3. Just don't invest in investment which can double your coins fast. If you want earn bitcoin you can go to work for bitcoin: https://bitcointalk.org/index.php?topic=985550.0
Join sig campaign: https://bitcointalk.org/index.php?topic=615953.0

4. I'm not gamble, but my favorite gambling site is PrimeDice, also they always held a giveaway for a member, the prize is pretty high too.

5. Maybe it will help: https://bitcointalk.org/index.php?topic=1136572.0 but you need research first before do investing. Don't invest if you can't afford to lose.

What's wrong with blockchain.info? I find it easy to use, simple and seems secure enough. It also syncs for you!

Blockchain.info is considered an web wallet which allows users to control their private key. It is theoretically secure enough as they release the source code and all private keys are secured on their server. However, the main problem is that they have a bad track record [1][2] which has caused many users to lose their BTC and many of their addresses got hacked. There is also no way to proof that the private keys are secured on their server.

[1]https://www.reddit.com/r/Bitcoin/comments/37oxow/the_security_issue_of_blockchaininfos_android/
[2]http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/

At the beginning you should to start from small things.. Faucets have been created for new users to learn how crypto-world is working. Try to claim some free satoshi from faucets - check how everything is working and read - a lot! For sure don't invest in any fast growing (scams) investments. Do not try to win fast with crypto - it can be trap for newbies! Read, learn, ask and it will give you good base!

Well, i use a faucet for earn my first bitcoin(in satoshi), but in the end i realize if faucet waste my time, i just get a dusk.
Better to sell your skill and earn bitcoin, sell your skill here: https://bitcointalk.org/index.php?board=52.0

there is an ugly truth that everybody who have ever used faucets would learn when they want to spend these earnings. and that is the amount of fee they have to pay.
since the faucet payments consists of small payments they make a lot of dust in the wallet, and in the time of spending you have to pay a large fee to be able to do so.

Various faucets uses APIs from different sites to consolidate the earnings and allows the user to withdraw once it hits a limit or pay directly to their wallet. If not, you can find a legit wallet that does not requires fees and set the payout address as the address on that service, one known service is Xapo, they allow 0 fee withdrawals.

but that limit is still around the dust amount (from 5500 to 13000 satoshi minimum) and reaching a high amount to withdraw like for example $10 (0.04BTC) is going to take ages with the small payments from faucets.


i guess this is a very nice solution if anybody is willing to use an online wallet like xapo.

anyone could reach that amount in a month, if they are active. faucet will never be worth it. withdraw the money from xapo whenever you want and you would be in full control of your bitcoins.

With that problem helps now FaucetBox - is collecting little amounts and sending minimum 13k satoshi. But i know what you mean.. This is one of the lessons for new users.. thats why a lot of people is screaming that faucets is just waste of time.. True, but it is still for free.. ;)

coinbase account is good for use but do not put huge amount of btc because there are many online hackers that can stole your btc if you do a little mistake you can earn btc by trading there is very less risk find some good trader that can tell you how you do trading not invest in hyip mlm ptc type of site there are 90% risk of lossing btc