they can get bitcoin in paper form like what you get when using Bitcoin ATM.
pieces of paper with public and private address after that they can import the private key to any wallet "just show the private key to any scanner" and get the money.
Important point
you must have some knowledge and internet access to use bitcoin.
The system of of transaction with the used of bitcoin is powered by the blockchain so technically beggars who want to access bitcoin needs to have a basic knowledge about the internet where they could access cryptocurrency in the first place. Yet, gaining proper and enough knowledge for them to have the best way to earn or to start an investment with bitcoin and other cryptocurreny. |
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I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Bitcoin is a digital currency, done almost entirely in the net, it can be use like the normal fiat but not tangible in nature. Bitcoin is developed to simplify money transactions. The technology that is responsible for bitcoin's existence is called blockchain, which makes it decentralized in nature. It gave the consuming public a choice in where to put their wealth, since it is a good subject for exchange of value and services. |
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Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
Exactly the people are contributing more to the situation and making it more worse and that is what we call panic because they know the thing it will rise but still can't afford to loose their money at current and more than half of the investors are doing so around the globe which in turn leads to price dip or you can say crash.They need to analyse the situation and be calm and hodl in order to gain profits. If people will going to panic sell when it comes to the point bitcoin sudden decrease its price it is a somewhat kind of support on the dump because as you sell your bitcoin in a low price more people are going to also buy in a much more lower price in a trading platform that will surely gives them a chance to hold and to start a new investment. It is a form of support to dump yet is normal because it will just be a form of new investment. |
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Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
As far as i know, bitcoin is secure but it is not safe hackers. If a hacker wants to hack your account or wallet, that hacker will do everything that he can to hack your account or wallet. But to prevent that to happen, make multiple accounts and wallets. Also, just keep your accounts private even to your family and friends. Do not tell your passwords to anyone. In that way, you can secure your bitcoin as well as your money. Bitcoin is secure when it comes to transaction because it uses blockchain system where its only goal is to surely deliver every transaction we could make in the future. We could also see the big impact of its security of people because lot of people invest with bitcoin in a long term basis which proves its security. Yet, accounts in the internet will always be hackable so we need to secure our account as much as we save our bitcoin. |
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Hello there one year ago i bought 3 bitcoins but lost them all in gambling... :'(nd now seeing the bitcoin price makes me cryy...
I have 1500USD right now...i am thinking to buy the bitcoin now whatever i can get with them
Should i buy now or not as bitcoin is reached its all time high and in to the moon...please advice me
The idea on starting to trade with a specific capital will always be a good thing to consider in terms of long term and an active form of investing. When we say capatial or initially asset we should not thing about the price or the value because the success of our investment is on the had of our management and transaction. |
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Hello!
If bitcoin died do you think people will lose intrest in other cryptos aswell? which altcoin would you invest in if there were no bitcoin?
It would seem, since other altcoins are somehow connected on the movement of bitcoin's value, And being also the pioneer in this technology, it would probably create a negative impact on the cryptocurrency market if bitcoin will fail. But, If that would happen, perhaps the technology that brought us bitcoin will finds it way to re live this innovation for sure. And that will be possible because of the relentless interest of the people on this technology. |
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i have been thinking bitcoin cannot last forever..............i need you guys opinion if what im thinking is right.
Well if you ask me, i want bitcoin to exist forever, but no one can dictate what the future holds for us. Lets make a convincing guess, Bitcoin is believed to be the future of money transaction, it has been rolling in the market for almost a decade and continuously making remarkable impact in individuals life. It also somehow helping the economy because of its useful properties. Perhaps bitcoin will stay as long as we are here to use it, and invest into it. |
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All ways in earning specially on the things we want to invest or try on is always profitable in the sense that it also has a good opportunity for us to earn depending on our management and how we are going to used this opportunity.
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The first thing we need to consider when it comes to starting on a given investment is the educating process where we need to initially learn the system of Bitcoin market and the movement in terms of its price where it could actually help as to earn at the first place. Trading is also a form of investment that needs our management in dealing with transactions.
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In my opinion, the reason why we should love bitcoin is because of its price. Price is one of the first reasons to love bitcoin because of its enormous value for a bitcoin alone, imagine if we get more of it. The second reason is the effect of bitcoin. If many people know bitcoin articles, I'm sure people who know it's interested in investing in bitcoin too.
Having the price of bitcoin well established in the market with the help of people support on how we could used bitcoin in the form of investment really help its system in terms of transaction and its value and price to have improvement or progress for users to earn and to gain profit out of the used of bitcoin as a form of cryptocurrency on either in trading or transactions. |
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That's why many investor still invest in bitcoin inspite of some country banned cryptocurrency. The secret behind bitcoin success and other cryptocurrencies is global blockchain technology. Spreading of bitcoin cannot stopped because internet is widely used automatically advertised itself through website. all bitcoin investor will benefit of it.
Blockchain technology of bitcoin is really its strength on the its greatest competitors on the market such as fiat and other monetary system on the market. It is also a future of transaction where it mostly implies the development and progress on the whole system of transaction of cryptocurrency on the market. And increasing the support of bitcoin in the market will surely be a reasonable way for it to developed and to have a successful investment as a user of bitcoin. |
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The best trading site for me is bittrex and for sure your money is safe and you will understand easily how to use this site because the features is good and easy to get. You can make a research about the the different trading site and for sure you will see the best for you. I hope you choose bittrex because they have listed a lot of coin there and they have mass volume of traders so for sure this site is trusted and better to trade.
Security is one of the need we need to consider on finding the suitalbe trading site on our daily need because it could definitely help us on starting or initially having a form of trading out of our given bitcoin or money to try on and to earn more or to gain profit. I think it is much more better if we will consider also the stock and common fee for us to start on the given site for us to start on. |
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The only strategy that matter in cryptocurrency investment is time. Time value of your investment in bitcoin or ethereum is very huge. If you consider the underline technology (Block chain) and it's breakthrough nature of decentralization, then you will realize that any development in the said cryptocurrency means more money for you.
If we have the time to invest on both option why not. It is actually a good option to choose both when it comes to investment specially when we have the time and the capstial for us to star on. There is no time for us to waste because everytime is always an opportunity for us to start an investment. |
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Better to buy when the market become red because for sure after few weeks the price will increase again. But it depends what coin you gonna going to buy. I suggest invest only who have potential brcause if you invest to the wrong coin possible your money will lost or gone because if the coin are decreasing they have possibility the price will decrease more. But the other people if they see the market decrease it will sell their coin so they lose some opportunity to earn more.
It is actually a good opportunity for us to consider because it could could help us to earn in low term investment that could initially help us t experience the market or the system of bitcoin. I think most of us will agree to the chance bitcoin can give us when we would actually make bitcoin as a living when it comes to having an investments and tradings. |
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To be rich you should know where your place at and stay right there for a while.
Having a lot of money doesnt mean you have to live like some rich guy.
I would rather be that normal guy which lives in peace and without much press around me.
Stay humble and just keep on working to get that simple life in a cozy house with a happy family.
That is the definition of being rich for me. Being more happy than the guy with a lot of money.
It is actually a good thing for us to do. We do not need to change our personality when it comes to the point that we have the opportunity to earn and to be rich once in a while and a chance for us to earn. I think it is much better for us to stay simple and be humble for what we are dealing now because it is also a way for us to saved more money and to gain more profit for the future. |
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Do you think Bitcoin can help out of school youth to finish their studies or not?
For me in some other way yes it will help . It will help young people to gain insight on how to earn money and how to value the money they earn. But it may also be the reason to them for not continuing their studies because they earn already a lot of money on bitcoin..
Yes it is truly a good condition to help thr youth for its tuition.But its required if they are really interested so that they will understand the flow of this forum activities and follow the positive rules so that they can make an income. Actually , people of today or the youth is the best people who definitely need to support the system of bitcoin more because initially bitcoin is made for the purpose of establishing a future currency for people to have in transactions investments. And i believe the we the youth are the future of our nation together in the context that bitcoin future also depends on the hype of the youth support in dealing with bitcoin. |
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If the world will use a single fiat or cryptocurrency, the econom wouldnt chnge at all. Economy rises on how productive a country is. Whether we use the same currency, that doesnt affect the growth of economy. Its just like an agreement that we do hve same currency yet our country's distribution wouldntbe the same.
It's quite impossible to happen for a system of currency to have one united currency to follow by all part or countries all over the world. Becayse most of the countries one to develop and to established their own currency to established a well developed country as a independent nation. |
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If someone wants to invest they should invest now in Bitcoin. Waiting for another dip would not be wise I think. As day by day bitcoin is gaining popularity and getting legal in many countries investing now would be more professional than waiting.
It is not a good thing to stick on the perspective that we Uy invest to Bitcoin you would earn in a fast base way. We should always think as a user of Bitcoin that for us to earn out of our given investment to Bitcoin we need to initially support and help the system of Bitcoin on developing and having a good form of current crypto in settling an investment. |
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it is impossible to trade without losing anything. trading has a certain level of unpredictability that makes it hard to always make profit. even big players lose at some point. the important thing is that your total is not loss meaning at the end of the day you should have made profit.
also all these "trading signs" you mentioned are good but when it comes to altcoins and somewhat even bitcoin, they are not as useful as you may think because the market is small and that makes it more unpredictable. and in altcoins there is mostly pump and dump instead of real rise and falls.
That is the reality, in trading it is quite impossible to not experience loss specially on invested capital. We should all be aware that in the process of trading risk is always existing and it is only up to us to manage the risk given and to earn and make the most out of the given opportunity of changes and development in the system of bitcoin. |
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Both are good Buddy, cos both have a higher percentage of yielding profits. The contrast there may however be that trading may requires more capital than investment. Better still, your profits depends on much you can put even for the two options.
It is actually true , both option is a good thing to consider specially when we are aiming to find a great way for us to deal with profit and earning. And if you really want to earn we could also consider having a time to deal with ICO or supporting project that is related to new platform on transaction as a form of cryptocurrency that i think has a vital role on the development of cryptocurrency as well as bitcoin. |
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