Bitcoin Forum

Bitcoin isn't claimed by anybody. Anybody can utilize it, yet there isn't an organization that is accountable for it. Bitcoin transactions are irreversible. This implies nobody, including banks, or governments can square you from sending or accepting bitcoins with any other individual, anyplace on the planet. With this flexibility comes the colossal obligation of not having any focal expert to whine to if something turns out badly. Much the same as physical cash, don't give outsiders a chance to hold your bitcoins for you, and don't send them to dishonest individuals online.

you are right. too many things out there to be careful of

The shortest summary of everything one needs to know about Bitcoin ever. Yet, it does quite a complete job.

The best advice - treat bitcoin like cash, don't entrust it with anyone!

Bitcoin is a form of decentralized currency
Bitcoin isn’t owned by anyone. Think of it like email. Anyone can use it, but there isn’t a single company that is in charge of it.
Like everything, Bitcoin’s price is determined by the laws of supply and demand.
There are several ways to buy Bitcoin, but trusted exchanges are a great way to acquire Bitcoin.
 Like with every other form of currency, an exchange (like a bank) that stores your Bitcoin can be hacked and money stolen.
 

Add that everyone is treating bitcoin not only as cash but also an asset.

It's true with all that you say, that no one will be responsible for losing your bitcoin if you mis-transfer or lose bitcoin with anything else.

What I know about bitcoin is that bitcoin has a decentralized system that everyone can see or see, and there's no cancellation after the bitcoin is sent, so we need to be more careful in trading in bitcoins or storing your bitcoin or paswod private key.

unfortunately many people are afraid that one person owns Bitcoin formation and one day they will get all the money. and we can not tell these people. more precisely they do not want to understand.

We know that this bitcoin is flexible, we can not send just anyone we do not know with the honesty we already know. because we can not sue in the event of fraud.

Bitcoins as a peer to peer money transactions has come to stay and the freedom it offer to it holders are some of the reasons why banks and governments is always afraid of it. To let someone get access to your accounts as a result of poor security measures is to be blame on the holder but not on anyone.

That's true. There are many people out there that trying to doing scam or foolish things to us and we never know maybe they are in beside us already so we better to be much careful in every moves or steps that we going to do. Be much smart and wiser. There are some hearsay that don't easily trust some one specially if you don't even know them better. It is better to trust only ourself so we can be much safer.

But it has one big negative situation - if you make mistake in an address you can not return your money. Or if you had mistakes in zero like - 0,0001 and 0,00001. I understand that it will be only your fault but it can upset.

You are absolutely right at each point. There are so many scam and dishonest people are running beside us. So it is to handle properly. All we just need to treat this as cash and be protective for its safety.

ummm i always thinking like this. when i'm holding a bitcoin or other I became paranoid. I'm afraid to click on any bounty and aidrop sites

Thanks for this informative post. I agree with you. You can never trust bitcoin with anyone. It is better to be conscious beforehand than to repent on loss later. :o

This statement is little confusing for me because I don’t know why he is thinking like this where as each and every  people using this they are not suffering for bitcoin only bitcoin is of only cash but also a good asset for future so it will create value in future & lead the world and add new technology / System in business area.

bitcoin is a very big investment asset we have to be very vigilant with everything it is smart to see opportunities and be careful with all the circumstances we will get

It will be very difficult to lose your bitcoin if you are private and careful enough. It a good practice to check and recheck addresses before beginning any bitcoin transaction. Also it is advisable to avoid using faucet sites to get bitcoins while you have a reasonable amount of bitcoin in your wallet. Get a cold  storage or legder/trezor hardware wallets for intense safety of your btc. You don't have to risk losing millions by chasing pennies.

the most important thing for me to know about bitcoin.
how to invest in bitcoin both trading, Mining, even how to get free coin so it can be used for additional capital investment in bitcoin. like joining a bitcointalk forum .

You must realized before enter the cryptoworld,, that you  must be able to know the basic the concepts to other activity, specially to operate your wallet transaction and other basic information about all,,don't trust for anyone,, probably in the name of transaction,,,because you never know what is her motivation...

Bitcoin is a type of decentralized digital currency. Bitcoin isn't possessed by anybody. Consider it like email. Anybody can utilize it; however there isn't a solitary organization that is accountable for it. Like everything, Bit coin’s cost is dictated by the laws of free market activity. There are a few approaches to purchase Bitcoin, however trusted trades are an extraordinary method to secure Bitcoin. Like with each other type of cash, a trade (like a bank) that stores your Bitcoin can be hacked and cash stolen

You are absolutely right at each point. There are so many scam and dishonest people are running beside us. So it is to handle properly. All we just need to treat this as cash and be protective for its safety.

I agree, what you said regarding bitcoin. The main thing is we should treat bitcoin like cash and asset. And we shouldn’t give others to hold it.

This is true. Bitcoin doesn't need any third party interruption during exchange or other transactions. It is self sufficient. It is safe. But, i would suggest don't share your account password with anyone and don't use same password everywhere in the social meida.

Currencies other than bitcoin can still be controlled and changed by someone or a group then I think it's hard to believe, unlike the bitcoin that can not be changed or controlled by a person or group that signifies it deserve to be a world-based digital currency. even the spread and bitcoin volume level we can know for sure without any engineering, unlike most other currencies.

A very good job done by you brother. You have summarized what bitcoin is with such precision that I must say you deserve a merit for this. This post will be really helpful for all.

Asset analysts have already begun referring to it as the new safe haven asset mainly because, like gold, bitcoin is more of a commodity than stocks and bonds are.

yes, these are all right: Anybody can utilize it, yet there isn't an organization that is accountable for it. Bitcoin transactions are irreversible. This is a short summary of everything one needs to know about Bitcoin ever. In my opinion everybody need to treat bitcoin like the fiat.