Bitcoin Forum

The links on the reply of my previous post has been so helpful to me, now I know more about Bitcoin, the rules guiding the forum and how it works. The only thing I knew about Bitcoin was how to purchase bitcoins at a Bitcoin exchange, sending and receiving of Bitcoins. But now I’ve read through all the links you shared and my knowledge has increased, I know one can also  Earn bitcoins through  mining. To my understanding, Bitcoin is still in the process of maturing and everyday we get to know more about how it works because nobody can really give an accurate analysis of what the outcome might be in the next minute or next day. There is no guarantee that Bitcoin will continue to grow or continue to dip even though it has developed at a very fast rate so far. There are various ways to make money with Bitcoin such as mining, speculation or running new businesses. All of these methods  involves risk taking so It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Bitcoin is a digital currency that provides you with different kinds of earning including trading, stalking, mining, etc. As concern to the guaranty & surety of some business or trade, it does not happen anyway. In business, there are ups and downs and The man who comes into a field to earn . He has to take risks. So it is said," No risk no gain:.You can see that millions of people, companies, banks institutes, and businessmen are e involved in the business of digital currency and it is enough that BTC has more than a decade period of life.

Bitcoin is digital money or digital asset. It's up to you and your location how you will use it. Personally I invest in Bitcoin and other mainstream currencies, so they give me passive income. In some countries Bitcoin is accepted as a means of payment so they take it as the means of payment as well. That's wonderful that you got acquainted with Bitcoin, keep it up!

Im just curious, are you interested in bitcoin or are you interested in just trying to make money with bitcoin?  If you're truly interested in bitcoin then I would recommend continuing to learn about it before you really begin trying to make a bunch of money from it.  I would suggest watching Andreas Antonopoulos videos, the guy is about as good as it gets when it comes to bitcoin education.

I appreciated someone when there are newbies who are interested in Bitcoin or in crypto in general but there's one thing that newbies should be avoided first, never think about the earning, instead, just learn first how it will work or the basic information about Bitcoin and other cryptocurrencies.  After that, you may be able to process trading and investing.  There's a lot of processes and should also invest your precious time as well.

Here's what I recommend to you that you should read and spend your time here.  It's one for all and easy to navigate informative topics from this thread.
Beginners & Help Encyclopedia [UPD: +Categories] (https://bitcointalk.org/index.php?topic=5364418.0) by Ratimov.

Enjoy reading, it's better to spend your time reading than posting.

Good start and keep on learning.

Bitcoin is bound to greatness and we're not yet seeing the best that it can. What you mean by earning through speculation? Maybe that means about trading since it's also part of trading when someone speculates of what the market will be looking like based on his analysis and opinion.

For me mainly at the beginning of this year my plan with Bitcoin was to buy and keep which I fulfill and did not regret taking the step. For me I see Bitcoin as a great investment means which can yield 50% profit in less than a year or thereabout.

Yeah, the mistake that some people make is neglecting the risks that are involved. And some of them are forgetting that it is mostly speculation and that they won’t be able to predict the next movement all the time. Now that you are fully aware of the risk involved, it would make you to thread carefully, you wouldn’t be the type of investors that takes uncalculated risks in the market, rather you will always plan yourself ahead.

As an investor you’re always not going to regret taking risks that are calculated, because if anything should happen and there happens to be a loss, it wouldn’t affect you that much since you were already prepared for whatever is going to be the case.

In the first place, those who come and get involved in crypto must have known the risk. All the ways in earning a profit from here correspond to risk and if we got mistakes, losses are usually its return.
On the other hand, we can't underestimate the market. But if you will invest in Bitcoin and hold this for many years, I'm sure you will get rewarded. We can really see that this project had placed an important role in the market that it find a reason why it has a sustainable market gain than seeing it crashed.

Yeah, there is a learning curved here in crypto, first you need to understand how wallet works, not just investing or buying in the beginning. You really have to understand how to protect your assets and how not to get hack and not to lose your bitcoins. And then there is that privacy and the psuedo-anonymity part as well. So before joining bitcoin market, you really need to learn a lot before you can talk of making profit or how you are going to make money thru trading or investing or holding.

We are all here together learning to keep getting better and better at it, and it helps you learn everything well and in detail to really understand it well.
a good start that you should learn is to learn how bitcoin and decentralized networks work and the risks that you will face and it is also important to know the development of bitcoin from the beginning to the present, because it will help you to consider and can motivate you to continue researching bitcoin to its roots .

and by doing that you will make a choice which I think you will have the ambition to get involved and make money from bitcoin.

What you know about bitcoin is quite basic and good as well. But understanding bitcoin requires alot of hardwork and time. Because, we can not stop learning about this technology. Also learn to delve into the blockchain and how it operates to make bitcoin transactions possible. I know little about bitcoin especially when the question pops up on my screen.

Literally, things i know about bitcoin may not come to my head at any time, I just go through the forum looking for threads that talks about both things I know about bitcoin and those I don't understand. however, opening tabs to check them out on search engines helps me so much. Like you said; mining is a great means of earning on bitcoin, but it's not that cheap to mine bitcoin. All you need to do is go to the mining section and learn about how mining works both the cloud mining as well.

Keep exploring this forum like anyother person we keep learning everyday.

It should be, if don't, then it would be a nightmare later on.

Not only just how a wallet works, but it should be, how different wallet works (custodial and non-custodial).
And having a wallet is not just keeping it secure, keping your device safe/secured will keep your wallet/backups secured as well.

Bitcoin can be used as staking, those centralized services that offer you to stake Bitcoin in order to earn 4-6% APY is their services not the use of Bitcoin. Some centralized coins do offer staking, this because they can create their coins out of thin air.

Better to learn in depth about Bitcoin and how it's work, not only focus about to earn money.

When a user loses his wallet details, I think it has the effect of removing money out of circulation. Hence lost bitcoins still remain in the block chain just like any other bitcoins. However, the lost bitcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to have access to the bitcoins and be spent again. I’m sure because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate. So I still wonder what then happens to those lost bitcoins, because I think since no one can have access to the private keys what about the developers of the blockchain app? Can the developers of block chain gain access to the lost coins and withdraw them from the lost account?

bitcoin and what u say is correct to me, and if you want to get know about bitcoin there bunch article out there talk about bitcoin. but crypto is keep evolving like the altcoin most altcoin/token use different system than bitcoin using differnt technology and use cases that maybe we must learn new things everyday

I salute you, as a beginner you are very active in asking and from your question you already understand some of what bitcoin is and what it can be used for and where to exchange bitcoin into fiat,
but basically all of us in this forum learn and exchange information what bitcoin is and all about bitcoin,
all have risks if you want to invest or as a bitcoin trader, but if you already know how to get a profit you will definitely regret "why I  didn't you know and understand how bitcoin worked from the very beginning bitcoin was introduced "

It is free will, can someone don't mind understanding the real purpose of Bitcoin as most of us think that we can generate money from this, even simply in staking. Yet, they are right, people come and enjoy the market making money from risking a few bucks out of their pocket. But if this has never been seen with their eyes, it certainly they don't care and bother themselves to invest in Bitcoin.

yes ! more or less like that ,you can learn more in this forum to increase your knowledge ,well bitcoin which I personally think is a crypto currency that I can use for payments or purchases ! regarding the higher price is a bonus for user because it is also believed to be an asset for the future !
do you mean this blockchain (https://www.blockchain.com/) AFAIK they can't recover the user's wallet or get access to withdraw if user lose the private key ! without a key to open it then anyone can't access it ! my answer is NOT

Permission to say bitcoin is the future.
Ain't Centralized like that of fiats, has to do with a peer to peer network.

Bitcoin gives a chance for the poor to become wealthy and a chance for the rich to get wealthier.
The more it gets accepted by people, the more it's votality increases.

The positive looks that Bitcoin has giving more interest and positive insights by the people and what you have said is right and it going to happen. Bitcoin remains decentralized no matter what is going to happen, even the government implementing strict rules and regulations towards crypto. It has become understandable that as more people knew about Bitcoin, the more chances that we enjoy this as an alternative to fiat money but somehow, the volatility rate change and increases adding more risk for newcomers. 

I am also still learning to understand bitcoin well and also learning to make better use of it. bitcoin is a digital currency that is profitable if we can manage it well. Bitcoin lovers are increasing and competing to be able to have more in the hope of making a profit by investing. that's good because we know that the price of bitcoin is getting here too and it's good for investment. as long as we can understand and analyze the crypto market well then we can determine when is the right time to sell or buy bitcoin.

there's a lot of ways where you can make income using bitcoin mate aside of mining because it's so expensive expensive and you know you must have enough knowledge as well such what are the important things to have (hardware and etc) in order for you to build a perfect machine for it and of course to have a good profits after all.. But yeah just like what i said there's a buch of ways where you can make money using bitcoin and these two option is very common in the space such investment, trading.. The best thing with these is you don't need a lot of capital wherein any amount is good unlike building a mining machine.. But you still have knowledge of course.. At least affordable and easy compared to mining which only for those who cam provide so expensive hardware and etc. Lol

Whether it is bitcoin or the technology behind it, everything is is a learning. When we continue learning we'll get to know more about it. It is better to learn about bitcoin than trying to earn, which is good for a beginner for specific time period.

Another thing that always reach my mind is the popularity and the growth. If bitcoin have circulated within $10 will it have gained this importance or will people have shown interest learning it. So, in everything there is money and that's the reason people tend to learn and not just because of its innovative model.

If we look at the current situation, mining is not the best way to earn from Bitcoin. The hardest thing to be able to do mining is of course
the costs needed to buy mining equipment, electricity costs and maintenance costs. Like you said too much capital needed to do mining,
even though there are other, more affordable ways to earn from Bitcoin. I most recommend for long term investment in Bitcoin,
it is much safer and can use capital according to our respective financial capabilities. We can see the history of the movement of Bitcoin,
where the price of Bitcoin is getting more expensive. So if we gradually buy Bitcoin, then hold Bitcoin in the long term, it seems that getting
big profits is just a matter of time.

Bitcoin is a decentralized digital currency. With Bitcoin you can use it to invest, trade, mining even as a transaction tool if the country legalizes the use of crypto as a transaction tool. Bitcoin gives you freedom in monetary terms because there is no interference from the government or the state. You can manage your Bitcoins at will without any rules. Bitcoin is also very influential in the economic field, even Bitcoin can change a person's fate to be rich, of course this can reduce world poverty.

Nearly fifty percentage of people using bitcoin as their transaction.It's digital form of payments with a huge trust.Many people who need of secret transaction and use behind the government using the bitcoin as a mode of payments.The transfer of bitcoin was legal in some country and huge amount of illegal transaction make use of that to make huge transaction to other country.

Bitcoin prices are unpredictable in the market and bitcoin price fluctuations are also natural. for a beginner may be surprised and panicked by the ups and downs of bitcoin prices in the market but that is the reality and we must be able to manage and control it well. Bitcoin enthusiasts are competing to get as much bitcoin as possible in the hope that they can use it well because this will be very profitable. but it should be underlined that the profit that will be obtained depends on how we manage the bitcoins we have.

Yes exactly, every activity related to Bitcoin always involves its of risks to take. Whether we are using it for investment (both long term or short term), trading, staking, mining, gambling, using as a currency if possible, and others.
We may need to decide which one is better and really suitable for us, moreover if we are new enough.
the first thing is of course to learn about those and we can decide which is easiest and most suitable for us.
However, sometimes the activities are against the regulations in some countries where we may not be able to use BTC as a currency, not able to mining, and others.

At the same time one might argue about the fact that : Bitcoins as a whole is something unpredictable but if you do see the past track record you would be able to look into the whole chart and see the that the level of trust rising. There are cities now been constructed around bitcoins, there are countries who are using bitcoins as a legal tender. The government is providing people with extra money in Bitcoins if they agree to download the wallet.

It's all about acceptance, application and usability. Which most countries are taking steps ahead. You cannot entirely be dependent on bitcoins hands down but at the same time you have to realize that bitcoins as a whole is more trustable that stocks and other traditional investments since during the pandemic most countries are going bankrupt.

It's a currency of the future. Soon enough we will see more advancements for sure.

Bitcoin is a digital currency that pump and dump at anytime in the market. You can use bitcoin to purchase any type of goods in some countries that is fully legalized. The price of bitcoin can increase today for those running a short term investment to earn profit before the price will decrease for those waiting for the price to reduce so that they can buy more they can afford in the market.
Bitcoin is very easy for any countries to use to grow their economy and so other things in the country. You can use small capital to start bitcoin investment and in less than some years, you will be part of those that is doing well in the community. It hard lazy people to earn well from bitcoin business because you must be active in the forums to enable you know more about bitcoin and also what is happening in the market.

Learning these alts will take time as you go along this crypto journey.
You will understand how pump and dump coins perform in the market or possible exit scam in the making.
You can't tell it at the start but if you closely follow the project, you will acquire some hints what are they doing to ensure the project will survive.
With bitcoin, you just keep up with yourself with the current updates, because the more adoption we have, the better for btc market.

Bitcoin is coin of Crypto coin it got huge success in Cryptocurrency and it is still increasing its value and price.
And it is best for investment but due to its too much price middle class people can't afford it. It is only for millinoers

until now I'm also still learning about bitcoin that's why we're all still here because this technology is getting more and more advanced over time. the deeper the knowledge and understanding of the risks, the wiser we will be in making decisions in using bitcoin for profit.

#DFBTC creates a #Defi cross-chain financial transaction #Dapp , which includes BTC cross-chain, mortgage lending, pools lp mining, swap and other services.
I have tried Pools LP mining for a month and a half, with nearly three times the profit.
Efficient, safe and transparent.

This is something that is quite important because in this way we can minimize the lag behind the increasingly sophisticated civilization and the continued development of modernization.
with more learning we can at least keep up even if only a little in the field of crypto, especially bitcoin.
although indeed we can only be able and not too proficient but this can be a good provision to be able to navigate in this crypto

Every day in our lives we learn new stuff and we keep learning, btc is such an advanced technology that we can't learn everything at once, it will be a gradual process, we learn more as we continue using the technology,  btc gives an opportunity for both poor and rich to access it easily, anybody can be a part of this space just by learning and understanding the basic, you don't need to be a dev or have certain knowledge, that's the beauty of this space.

Want to know more about bitcoin?

You can watch these videos

CryptoIntelligence - Bitcoin and Blockchain - https://youtu.be/Tw0Z_tA_2_M (https://youtu.be/Tw0Z_tA_2_M)
Bitcoins Supply Drop off - https://youtu.be/VcGf076lMV0 (https://youtu.be/VcGf076lMV0)
The Flippening - https://youtu.be/vGOjiSJJj-8 (https://youtu.be/vGOjiSJJj-8)
Supercycle - https://youtu.be/xw98LfDdd6I (https://youtu.be/xw98LfDdd6I)
Bitcoin ETF - https://youtu.be/LAkt2Ls8xmc (https://youtu.be/LAkt2Ls8xmc)
Bitcoin Taproot Upgrade - https://youtu.be/dV_wifJTq-I (https://youtu.be/dV_wifJTq-I)

Interest in bitcoin is very common among beginners, I see newbie interest with crypto because they know bitcoin first. However, when it comes to accurate analysis, it is certain that everyone cannot give an answer. As you said every minute there is a price change, either down or up. So basically beginners should understand the market and should be able to start trading at the right time.

Bitcoin is a digital currency and bcz more and more people are getting aware of it its price is increasing as well so I would say it's a way to earn a good quality of income with patience

It is not only in terms of price that btc is interesting. Here are also some social aspects of high value. For example, participation in the economic cycle. This is also not always given in Fiat.

bitcoin is a business in the form of digital currency whose transactions can also be carried out in various circles but for the transaction process that can be carried out by fellow miners it has not received praise from various circles, therefore bitcoin is currently only for the community, not for public transactions because there is no acknowledgment from various circles, but bitcoin is a long-term investment and can be used for such a long period of time

I think your understanding of bitcoin itself is good, you just need to add more knowledge so you can better understand the crypto world. bitcoin is a digital currency where we can invest in it and earn a profit. Bitcoins can be invested or traded and I hope you've learned that. by studying it well then we can also use it well because if we want to invest or trade bitcoin then we must have sufficient knowledge to avoid the losses that we can get.

this applies to me, because at first I only knew bitcoin first and then crypto. And maybe there are some people out there like me.
On the other hand, this real analysis is just a collection of data carried out from research and is only speculative and uncertain in the sense that it can be right or wrong because no one can know the market accurately.

Speculation is only a benchmark used to convince oneself, not as a reference.

bitcoin is a digital currency in the form of an investment so that we can use it in the long term can also be used as a transaction tool even though we have not received an adaptation of bitcoin we can say it is a crypto-based digital currency, especially bitcoin has been around for a long time with a record as an investment that is long-term and so transparent and we are given the freedom to store or issue our assets in the crypto world for an indefinite period of time making it easier for miners to withdraw or store their assets in bitcoin

And how could you be successful if you are not willing to take a chance on something? How can you become wealthy if you do not take some sort of financial risk? You are absolutely correct; we simply reduce the risk, but it remains; however, with knowledge, we can reduce the risk and increase the likelihood of success, allowing us to earn more profit. Knowledge is power, and you will not be successful unless you have it. Bitcoin's future is impossible to predict, but many believe it has a bright future, which is something to be happy about because it would mean a lot of money for us.

You don't fully understand bitcoin yet, you still have a lot to learn. and don't rely on other people's analysis of bitcoin prices, because every analysis made will have a difference. The analysis will not be 100% accurate and there will be some errors. Indeed, there are many ways that can be done to get money from bitcoin, each way has its own risks. Bitcoin continues to grow, a lot of adoption continues. Bitcoin is a very valuable digital asset. learn the theory and practice, it's the right step.

Indeed, most newcomers have blurred perception towards bitcoin. I am certain, a lot of them are thinking that when you invest in bitcoin, this is one way to get rich quick. But sadly, once they get acquainted with the market, they will understand that there's more to this market before you can generate good profits. But if a user is sincere in educating himself not only about crypto but blockchain technology in general, and he found this forum. He already found a gem that will guide him all angles that he wants to know about btc and blockchain technology. There's so much information in this forum that you can use to furnish your knowledge about cryptocurrency and blockchain technology.

Understanding bitcoin is not only about how one can profit from it but they should also know how it works, secure it, its advantages and disadvantages over other cryptocurrencies. Everyone knows how to make a profit from investing and trading because basically it's just about buying low and selling high. But in my opinion, apart from the profit that may be generated then security, getting good privacy and other things that support the OP also need to know.

Since bitcoin is a very valuable digital currency, many people will target it and scammers will stalk anyone who is careless just to make bitcoin users lose their money. So it's not just about profit but security and privacy should also be well thought out. The best practice for maximizing investment and trading returns is how they manage their bitcoins securely and protected from malicious attacks (scam attempts).

Bitcoin is a decentralized currency, that is not control by government or any countries of the world. There are many favourable things to achieve from bitcoin, if you are willing to follow the rules and regulations that guided bitcoin through out your learning in the community. Those successful bitcoin users you seen around the community started as a newbie to learn more about bitcoin that made them to learn from their mistakes and other people mistakes to get to where they are today in the community.

Note that bitcoin will remain decentralized currency and it will keep remain the king among other cryptocurrencies in the world. Invest more on bitcoin and see what will happen to you in the future when the price hit $100k.

although as a decentralized currency, bitcoin is currently more profitable as an investment tool that can multiply our money, considering that many countries are still rethinking its decentralized nature. the government seems to still object to relinquishing its control over a currency, so that globally, fiat will still survive. only a few countries have fully legalized it for now.

If you should be relying fully on your analysis, that’s when you’re more likely to be making a mistake. Yes it is very important that you get to learn how to analyze the market yourself and be able to tell where the market is really heading to, but at the same time you also need to know what others are saying and what their analysis are predicting for the market, that way you will able to know whether you’re right or not.

When you see other people’s analysis of where the market is heading to, you do your own analysis to know whether what they have said is right or not, and if what you get is close to what they have predicted, then it’s quite possible that it might be right.

This is true, in this forum alone, I guess a lot of lives have been changed to better position in life. If you look at the services section, you will understand how people are earning their crypto here. If you have hidden talents or skills in any field, you can offer your services and accept crypto as payment method. Whereas, this forum is also home for a lot of bounty programs and signature campaigns, where a lot of users are finding it a good source of additional income. I believe during this pandemic, this forum has been a great help to many. Not only earning crypto but when it comes to knowledge, there's a ton of it here waiting to be tapped.

Bitcoin is the biggest form of cryptocurrency.Its the most well-known one and it is the one thats been the most adopted currency all over the world. Bitcoin is a decenyralized digital currency that no one has controlled. It dowlesnt have any physical entity or financial institution. It has only 21 million total coins in the system, so you can print more unlike traditional momey that we use everyday.Bitcoin are use as as store of value,medium of exchange and especially good for investment.

Wrong on that part, We cannot print more like fiat in which the government can print unlimited like what is happening in other countries now.

in bitcoin that 21 million supply is the maximum and actually there are lower supply now because since this is irreversible meaning all of the lost bitcoin are now in the air and i believe that there are million of them had been lost .

Oh sorry .. I mean so you cant print more. It is just a typo error. I know that bitcoin has a limited supplies. Anyway thank you.  ;)

The government can print more fiat that will have a bad effect in the future as they will pass on the burden to the people, while bitcoin over time will grow its value due to its consistent demand as the adoption increases.

Yes no one can tell whether is going to grow or dip, but on a long term basis it’s mainly going to be a growth, because the demand in the market increases over the years and there will high trade volume and a high market cap as time goes on, which will make the price of one Bitcoin to be higher than what it is today. That’s something else I think you should know.

If you’re someone who is interested in long term investment that tends to benefit you, then Bitcoin is a way to go . It is more than simply being used for sending and receiving money. If you use it the right way, you’re going to benefit from it.

Despite the dip Bitcoin has maintain a certain support range for a long time and has made lots of retest but isn't breaking through. Although it's a risk asset but still has more advantage compared to the centralized assets. Of all the ways to earn in Bitcoin mining tends to be less risky but it requires a good mining device like Bitmain AntMiner.  Speculations could be deceptive except the decipline to hodl irrespective of the market situation exist

Today there are a lot of things that can be used with the bitcoin before we saw the use mostly in the daily trades just doing buying and selling, taking up a position and then taking profit or having a loses but now the potential of the bitcoin shows up there are now different platform accepting the use of the bitcoin as their payment method, next is the gambling platforms nowadays supporting the use of the bitcoin and other crypto currency transactions to let their player gamble, currently some of the establishments adopting the use of bitcoin as salary for their employees there's a development. Soon we see more.

The attraction of bitcoin today is incredible, i heard the company where my cousin works has started to give its employees a choice whether they want to be paid in Bitcoin or fiat, honestly i was surprised to hear that because i know their company is not a big company.  several countries have also given recognition that Bitcoin is a currency, in the future there will certainly be many countries that will give recognition that bitcoin is a currency.

The attraction of bitcoin will keep rising more and more as it is adopted. We will see greater adoption in the coming years, without doubt. The only problem, true problem, as a matter of fact, which stands in the way of adoption is people's misunderstanding or lack of understanding that Bitcoin is the better monetary system because it is deflationary, decentralised and impossible to sanction. Which makes it completely out of control of banks or governments.

But sooner or later, people will get it. I believe that.

but not everyone can get rich from bitcoin, if you take the wrong step to enter
maybe now is the right time to enter because bitcoin prices are far from yesterday's ATH,
but if you enter at a price of 58k $ I think you become poor seeing your assets decrease and it's just patient to reach ATH

you can always become richer but of course if you can keep the funds for Holding , imagine that there are many of us had already become richer(of course not a Millionaire) so investing with long term will always turns positive .
not all of us makes it there but of course mostly has as long as willing to Hold their coins.

Wrong on that, it is not only about trading and earning, Mining and earning , staking and earning.

BITCOIN IS A CURRENCY THAT MUST BE USED FOR PAYMENT , this is the main reason why this was created and have just being used by rich people as trading material.