Please i would love to know how a newbie can make Money on bitcointalk. It will do me a lot of good.
keep posting qualities post and developed your Account to join signature campaign. You can also visit services section on bitcointalk and rendering services if you are very skillful. You can also leaned how to trade from bitcointalk and start trading from those reputable exchangers. |
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As the topic says, What are the biggest mistakes you've done with Bitcoin?I'm trying to gather just a list on things that have gone wrong. This can be terrible backup stories, client hacks, reversing at MtGox and such. I don't want to gather a list of hacks of commercial sites in particular because there are plenty of information on that already. I will post everything I find on this very simple website: http://sites.google.com/site/whoissatoshi/bitcoin-mistakesDon't be shy! EDIT: Please add some context, interesting details etc to make it a nice story.One of the biggest mistake I did when I come across bitcoin is slow to take decision for investment because at that bitcoin is less than 100 dollars. I am regretting now because if I investment a 100 dollars then it could be around 1230 dollars today. Another big mistake is thinking I can be rich in bitcoin through faucet. |
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Western union money transfer and moneygram will ever be against bitcoin and others crypto currencies as they see it as they major competitor. When bitcoin is fully grown western union Money transfer and Moneygram will be out of business because of the charges and the decentralize nature of bitcoin.
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. Someone has to intervene before this confirmation turn out to be a big issue. Confirmation of transactions after 20 hours is annoying and frustration. Though we understand that low fee slow confirmation something has to still be done about it. |
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It is a nice move from BTCC to offer zero fees until March 31. I think this will bring much more customers to their place. But at the same time requiring a video verification is not so good for their customers. But I think they have no choice because most likely it has something to do with the government's regulations.
video call verification is the best mode of verification that will bring confident to genuine investors. If your hand is cleaned you have nothing to be afraid of. Because of anonymous nature of bitcoin transactions, bad and evil people are used it to perpetrate there evils scheme. |
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You have to decide NOW how many bitcoins will make you rich in the future because it's getting to the point where an upper middle class American or European can no longer buy a full bitcoin.
Anyone have any ideas how many you'll need to be rich in 2020 and 2025?
This time last year I was discouraged when bitcoin was trading between 230$ to 450$ but now I am happy bitcoin is trading above 1200$. With few hundred of bitcoin I will become a rich man from the side of the world I come from. For now I will keep on hold to what I have if possible till bitcoin will be trading above 2500$ |
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I have been rank-up to full member, mr. Yahoo if there is an opening for full member by next week please kindly add me to full member level as I have updated my signature to full member and am wearing Avater now sir. Incase no open you can still pay me members payment that you have been paying me. Thank you sir for you usual cooperation.
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Looks like you are right that they offer simple shorts. Back in 2013 most of the shorting was done by OTC contracts that were clunky and risky.
Thanks!
poloniex and yobit are two best place for shorting bitcoin and altcoins. Though altcoins and bitcoin trading is very risk I have to avoid it after I could not understand it very well. Op because of risky nature of trading either is margin, speculation and buy and hold for short time or long term purposes I will advice you to study the altcoins very well as this will determine your success in it. |
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Do you remember what it felt like the very first time you sent out a Bitcoin transaction to another address in your life? For some, it might have been an easy thing to do, especially for the geeks who were here when Bitcoin was born and it had not been valued and traded against fiat currency as following soon after, yet for others it can be very confusing to get things right.
Were you filled more with happiness, excitement or fear when you clicked that 'send' button? And in which year was it when that happened? Did it it turn out just fine, did your transaction arrive where intended?
The first time I send bitcoin was December 2016, I sent the bitcoin to my poloniex trading platform for trading. I could remember after try to calculate the amount I want to be in my account and the charge. Then after I click send I went back to my poloniex Account to see if my transactions was successful and when I see that it was successful I feel happy. |
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I don't see Bitcoin as a traditional collectible item, it shares some characteristics because its something that everyone could want, but more like everyone would want to be rich.
studying the characteristics of bitcoin it seen to be like digital gold and others mining instrument but from its operations we cannot classified it as collectable items as doing that will undermined it value as crypto currencies or money. You can buy and stored bitcoin and also mining as gold but treat it as gold will affect it values. |
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A very good and comprehensive explanation on bitcoin price historical value. Every traders on bitcointalk that need to understand past price movement and fundamental reason why price move in those direction should endeavour to go through this video. Once again op thank you for putting this nice video together.
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Don't be stupid find best exchange to sell at least for 1300$.
Bitcoin exchange at 1355$! I think is a black market price. I which local exchangers' in my country should be able to exchange even 1150 dollars but they are exchanging below 1150$. For those who are from countries with bitcoin high demand, how can we from countries with lower demands on bitcoin make higher profit converting our bitcoin to dollars?. |
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it is blockchain (the technology) not bitcoin. which means the banks and so many other financial groups are very interested in this technology and want to "create their own altcoin". they will make a ledger and possibly not even make it public and use the technology to increase their security, and speed for internal transactions.
The bank are only interested in using the technology and create their own private larger, I agree with your comments on the reason why bank are developing they own blockchain. They might not using bitcoin but this will promote bitcoin as bitcoin created the foundation for blockchainer. |
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hey, i am thinking of learning to make money of bitcoin, i understand it takes alot of work, my question is to make money of btc etc and alternative courancies how much learning do i realistically have to do and how much work and dedication, how hard is it to be succesfull?
To make money or bitcoin and crypto currencies general entails hard work but hard work alone cannot guarantee you success. What guaranteed you success in anything worthwhile is your skills and knowledge about what you want to venture into. You want to make money through bitcoin which skills do you have about trading, programming, website design and coins mining?. |
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In bitcoin long term were at least above 2years. I won't prefer long term investment with bitcoin as their is no assurance of future happening. I make investment depending upon the price fluctuation taking place.
To me though bitcoin and crypto currencies as money is at its infancy compared to conventional fiat and bank system. 2 years long terms investment might not be realistic. The historical value of bitcoin shown continuous price upward movement from 2008 till date so to me anything from five years upward like other assets is worthwhile. |
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Coinbase and other large exchanges wont fall nor take a hit in the least if the ETF fails, I personally think that all this hype due to the prices going so high due to the insane amount of people that are going to want to buy and sell are just an insane amount of bullshit spewed by people who want to make a quick buck off people. The large sell off or buy isn't going to occur, demand will just increase and the price may go up a bit and go down a bit. All I see is the price coming to some sort of stabilization in some time after the ETF is approved, IF IT IS APPROVED. These exchanges have such a hold on all of the purchases that I just don't think they'd fall even during a high amount of selling and not enough buying to support it. Etf and coinbase have a lot of difference.
In my mind, btc can up with etf, but etf cant make btc fall
Tough wording but I'll agree with you partly, the ETF won't make BTC fall in the least it just won't happen even if some random dudes on the internet attempted to make people think this. I am optimistic ETF cannot make bitcoin fail because of the fundamental nature of crypto currencies. Bitcoin in the first place was not created a property such as digital gold and silver but as a currencies, money and cash. Treating bitcoin a property or stocks will undermined it value. So either it has ETF approval or not bitcoin, coinbase has come to stay. |
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Bank of central Philippines recognition of bitcoin is good news to crypto currencies communities. Bitcoin provides inclusion in our financial system something the convention bank could not do. Even as bitcoin is over price I think now is still the best time to buy and hold it.
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This article have missed to cover about low fee newbies used to put to save cost on payments leading unconfirmed transaction for many hours. That will make them panic about bitcoin and they will start blaming bitcoin network for it and some may even opt out from the idea of using bitcoin again.  The op has tried and we have to give him thanks for this instead of looking for loops holes in his article. Were they transactions that were not conclusive? No matter how long it take the transactions are all confirmed, we only need to be a little patients with the system. Op thank you for your article for newbies. |
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I wish I was in your shoe then as I come to know about bitcoin when is over value. I came across crypto currencies in 2015 and started making few satoshi in 2016. We humans being will always think rationally when ever we come across an investment opportunity. I am happy for you as now you have invest in bitcoin related site now.
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That means a holder of one bitcoin will be a billionaire in dollars. For me personally I pray that should happen as I will automatically because a billionaire in dollars. I doubt if this is possible in the next 50 years to come an by then I believe satoshi and others cryptographers will update the blockchain for a cent like value. I really wish this happen.
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