Hi folks!  For every thread there is what we call "stickies" or "pinned post".It contains important information regarding the subject of the post in general. For example here in Beginner and Help the stickies here contains some important reminder about posting and general rules of this forum. The stickies information depends on the thread or the subject in general. yes sir, i understand, but if there is more another summarization of that all information you said would be better for reading especially for busy people like me. hehe Still, thank you for the help, i appreciate it. Here's a huge compilation for you then, courtesy of Jameson Lopp: https://lopp.net/bitcoin.htmlIf that wouldn't be enough for you then I really don't know what will.  |
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eBay, Amazon, and other similar sites with such service can easily fix this solution by them being the escrow to these transactions. Same feature with sites like purse.io, whereas the seller doesn't automatically receive the bitcoin, but it stays with purse.io until the buyer accepts and confirms that they've received the correct product.
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Sure you probably have access to both. But do you think that as a newbie, your current knowledge in cryptocurrencies in general is enough for you to join signature campaigns and write blogs about certain coins? Not to mention that signature campaigns usually accepts a minimum rank of Jr member.
Yes I have a good knowledge about crypto but I have to up my rank because still I am only a newbie. May be after 1 month I reached at jr.member rank. Also would I like to thank you for explaning me. Alright. If you're really knowledgeable for these tasks, then best of luck to you. For your question though: "but which is best for me as a newbie?". Only you can answer that. Do you like helping out people by answering their questions and or giving your opinions on certain topics and or issues? Or do you prefer writing technical posts? If the former, then signature campaigns. if the latter, then blog writing. By the way, if you can handle the tasks, why not both? |
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Sure you probably have access to both. But do you think that as a newbie, your current knowledge in cryptocurrencies in general is enough for you to join signature campaigns and write blogs about certain coins? Not to mention that signature campaigns usually accepts a minimum rank of Jr member.
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The transaction fee you paid is quite low. The transaction queue is currently still congested(149070 Unconfirmed Transactions as we currently speak; source: https://blockchain.info/unconfirmed-transactions). Wait for the queue to clear up a bit, or if you're in a rush, you can pay transaction accelerators a fee to prioritize your transaction. oh thnx man;' i was thinking it stay as it is; so how much time need for confirm _ ? I honestly really don't know. If the transaction queue continues to be flooded by transactions, then I'm afraid you're going to need to wait longer. Head over to https://blockchain.info/unconfirmed-transactions to see the live number of unconfirmed transactions. |
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The transaction fee you paid is quite low. The transaction queue is currently still congested(149070 Unconfirmed Transactions as we currently speak; source: https://blockchain.info/unconfirmed-transactions). Wait for the queue to clear up a bit, or if you're in a rush, you can pay transaction accelerators a fee to prioritize your transaction. |
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How low did you set the fee to? Also, Even transaction accelerators are very unreliable right now. Even ViaBTC's website is crashing because of the traffic. For now, wait for the transaction queue to clear up a bit, or if you're that desperate, use some transaction accelerators that boosts your transaction for a certain fee. We are currently at 153867 Unconfirmed Transactions. Which is still a lot. Live stats: https://blockchain.info/unconfirmed-transactions |
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"whats the point of bitcoin if i am not profitting?" Maybe because bitcoin didn't exist to make you profit?? Bitcoin is invented to replace fiat, or at least to go together with fiat depending what your views are. BITCOIN IS NOT A MONEYMAKING SCHEME.
You are absolutely correct. Let's be honest here, however. We all know Bitcoin is only as popular as it is because it's being used for profit. It doesn't even have a shot in replacing fiat as things currently stand. I'm very optimistic about where Bitcoin can go in the future, both in value and utility, but it can't be denied that at the moment, what it does best is storing and multiplying your money. Granted, it's not a moneymaking scheme per se, but it can be used to make money all the same. It sucks, yes, but it's the truth. . I agree, not entirely, but I'm pretty sure majority of the people are only in it for the money; I mean, even grandparents are getting in on bitcoin for the profits. Though I think it has a shot in replacing fiat, but the chances are quite low. Though I can see bitcoin surviving as a payment method along with fiat. |
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Bitcoin definitely still has potential. Currently though? Not so much as I'd hate to admit.. I miss those days of freely moving bitcoins over multiple wallets without waiting more than an hour. A week goes by and the transaction queue is still heavily congested. We need a scaling solution asap. I'm still currently hoping for the best with lightning network, but if it sort of fails, I personally think we're going to get a huge hit in price, temporarily.
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Of course. You don't make profit(in fiat) in trading if you don't cash out.
You got it mixed up. If you bought bitcoin at a lower price, and try to buy an item for the current price(higher) with the bitcoin you bought, then of course you bought that shirt for less bitcoin than the past price. Hence, saving significant amounts of money, depending on how low you bought your BTC and what the current price is.
"whats the point of bitcoin if i am not profitting?" Maybe because bitcoin didn't exist to make you profit?? Bitcoin is invented to replace fiat, or at least to go together with fiat depending what your views are. BITCOIN IS NOT A MONEYMAKING SCHEME.
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Scenario 1: Demand continues to go up; bitcoin's price will continue to rise.
Scenario 2: Demand drops, bitcoin's price goes stable for a month or more, causing weak hands to sell; bitcoin dips.
Scenario 3: Negative news about government regulation arises; bitcoin crashes.
Scenario 4: Another FUD spree similar to the Jamie Dimon case; bitcoin dips or crashes.
tldr; NO ONE KNOWS
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Head over to binance.com or bitfinex.com and deposit some BTC or USDT, then exchange those funds for IOTAs. Exchanges exist for a reason. |
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I personally chose Bittrex and Binance as my two first options. Pretty straight to the point and quite noob-friendly if you ask me, as I've used both since the start of my crypto journey, and never had a problem with both(besides withdrawal fees are quite high depending on which coins). Though you cant trade fiat with both exchanges, only through USDT(tethers).
My 3rd option would be Bitfinex. Why? Because it's pretty much only one of the few exchanges that accepts IOTA.
EDIT: Just found out right now. Didn't know binance already accepted iota. whoops.
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"dropped a lot", you meant dropped by approximately $300 yea? and now we're a few hundred from $20,000 (source: coinmarketcap). Will it go up or down? No one knows. Heck if I knew how the markets would exactly move, then I would be a millionaire by now just by buying and selling bitcoin, even from starting as low as a $10 bankroll. |
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60%!?!?!?!? What the actual f***?? If that's the case, screw declaring taxes. If I was in your position I'd rather go with localbitcoins and do transaction meetups instead of buying off Coinbase or other similar services, so I could pay with paper money instead, which is quite untraceable. As if bitcoin's volatility isn't scary enough. Now french people have to pay up to 60% tax. Yikes. Is that site: https://www.lesechos.fr/ a valid or trustworthy source of information though? Not a French person, so I really don't know. Actually Up to 60% (will edit my post), but yeah when you get "kind of rich" in this country, you are screwed. Government still don't understand that citizens are as free as ever to leave the country when they feel they get stolen from tax administration. Yeah this website is reliable I believe, but like said in my first post, I am not even surprised they intend to tax 60% on the biggest profits (my guess is that it should aim 6 figures profits, but yeah... shameful). Still though, even if I'm a billionaire for example, 60% is like, what the f***? Calling 60% enormous would be an understatement. As a french citizen, what's your move though? If you don't mind saying. Would you be willing to pay the taxes? I personally would definitely not be willing to pay 30-60% tax. Like I said, if I were you I would go with localbitcoins and do meetups instead. or probably look for a local person or friend that actively buys and sells bitcoin. |
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60%!?!?!?!? What the actual f***?? If that's the case, screw declaring taxes. If I was in your position I'd rather go with localbitcoins and do transaction meetups instead of buying off Coinbase or other similar services, so I could pay with paper money instead, which is quite untraceable. As if bitcoin's volatility isn't scary enough. Now french people have to pay up to 60% tax. Yikes. Is that site: https://www.lesechos.fr/ a valid or trustworthy source of information though? Not a French person, so I really don't know. |
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I mean, sure Apple's stock did rise a lot in the past years, but comparing Apple to bitcoin or vice versa? He's pretty much comparing a stock, which is completely legal as Apple is a legitimate company; whereas bitcoin isn't. I'm not saying bitcoin isn't legal, but it's very possible for bitcoin to be banned to certain extents in the future. Whereas Apple? I don't think so.
I'm bullish on bitcoin. But I think his comparison is irrelevant.
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