I would definitely research some more on various websites and sources to see what they recommend. Self-research is going to help you improve your learning and grow with your project instead of stumbling along from clear-cut directions from a forum poster.
Look into GPUs!
Don't look into GPU's, don't look into anything Bitcoin mining -- as you're not going to make a cent in Bitcoin mining these days, even with a large (and I mean very large investment) you're going to end up losing money as you're unable to maintain this, unable to compete with cheap power (such as China), and you're too keen on thinking of the free money that you forget the amount of work that goes into something like this. Don't mine BTC. I'd advise mining Altcoins, obviously using NiceHash or something along those lines to be able to auto exchange for Bitcoin -- then auto exchange to USD through something like Coinbase. Or just Buy BTC, or investing in something else (stock market?)
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I think I disagree with this. I dont know much about bezos but it cant be worth more than 100 billion USD.
Don't know why you're going to counter something which is fact, and can be confirmed by the amount of shares that he owns in a company which just went through an insane amount of growth when it comes to their stock price. He is worth 100B, but who knows how long this is going to last. As the fact of the matter is that most of his wealth lies in one stock, if his company, Amazon, is to do bad for some amount of time he's going to feel the repercussions of it through his net worth. So he is worth this much, but time will tell if he stays at this amount forlong.
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Well I mean, when it comes to Bitcoin (and everything Crypto) there's no way that you're going to learn everything on the subject matter. That's just something that no one really understands here, I would just avoid thinking of doing that all together.
I will ask you a question though, why do you want to get into Bitcoin? What's your purpose here. Because if you give your purpose in the BTC world, that will narrow the amount you need to learn and the amount that you're actually going to end up using while you're here.
If you're just trading, learn the best exchanges and charting. If you want to make some extra side cash, then use the services section here, and so on and so forth.
I do recommend for you to watch ample amounts of youtube videos though, as there are a ton of wonderful content on Bitocoin.
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I know you can (somehow) get coinbase to increase limits, but why can you only withdraw (to bank) $10,000/week? Assuming we all become millionaires ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) when we want to cash out a million dollars worth of BTC, it'll take 2 years to get it transferred to your bank. Aside from localbitcoins, what options are there to cash out faster than that? Or am I n00bing out here? Am I missing something? I still haven't found a good fiat to bitcoin to fiat option other than Coinbase. You can get the limit increased by following their instructions. It works, and didn’t take much time. They could be busier now though. Oh without a doubt they're going to be busier now, Coinbase does seem as well to be understaffed and not ready for this sort of thing so I'd expect to wait for sometime to be able to get an insane amount of money. But the reason they do is is to protect themselves, as they're going to following the government's orders when it comes to large sums of money like this. Though if you do message them, they're a very nice support team and they'll get to you -- even if it does take sometime.
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Yes, there are multiple social media campigns that you'd be able to find in the services section of this forum, you'd probably be able to find them in some other places as well. Though you must know that you shouldn't be expecting to be making a lot of money unless you have a large following on these social media sites. Check here bud -- https://bitcointalk.org/index.php?board=52.0
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It's not illegal, though if you're going to be putting it on a public forum like that where you're able to be tracked I'd ensure to be making sure that you have the proper documentation from the gov to be able to sell this Bitcoin because if you're in a state like NY you're not going to be able to sell Bitcoin at all. Honestly, this sounds pretty dangerous. A lot of things could go wrong here. You could get robbed, scammed, or get charged with tax evasion. The more money involved the more dangerous it becomes. You could probably just find a Bitcoin ATM and withdraw money that way instead.
This isn't the question though, he's asking if it's illegal -- which it isn't. Just ensure to be safe bud.
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GDax alongside Coinbase, they've really been good to me despite what some say about them When I'm doing other altcoins, HitBtc is the place to be for me. I am using only shapeshift to exchange some altcoins without having to carry with a huge risk, it is very safe for me because i dont have to register and login in order to create a new transaction.
Maybe it is one of my favourites exchanges because of that feature, and the fees are not expensive, so i really prefer this instead of poloniex and bittrex, which both are very risky exchanges and you can get your account closed at any time.
And when i have to exchange ethereum/btc i almost use the function that MyEtherWallet has to convert between those altcoins, it is very fast compared to other exchanges.
Ouch, Shapeshift has got to have some pretty steep fees -- plus the fact that you're going to be sending money to each of the addresses to be able to get different altcoins and Bitcoin so that's going to be an insane amount of network fees -- even if you're getting the protection of getting the coins for yourself, that's pretty steep in fees. Let me know how that is....
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Ok, no.
You have to actually think about this for a second, One Million Dollars, that's a lot of money. Do you think that there's going to be enough money to support 1M for each coin if there's going to be what, 24m coins that are in circulation? No, there's absolutetly no chance that that's possible at all. The market Cap for Bitcoin at that point would have to be insane.
Now as much as I'd like to live in a fantasy land, that's not how the world works. We're at an insane height right now, who knows how long we can sustain this though.
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This is something I've always wanted to know, as I know the max amount of Bitcoins in circulation is obviously not going to be the true number, as there are going to be people who lose their wallet access by some means and then are never able to get this BTC back. Is there a way to be able to track this sort of thing? Maybe through an estimate of the number of wallets that haven't been used for x amount of time.
I don't know if something like this already exists though if so do steer me in the right direction here.
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Well the big problem here is that you're looking at ICO's in the wrong light, if you're going to want to get profit on every ICO that you come too-- you're probably going to get burned. That's just how it goes. All of the NEW ICO's (meaning the ones that come out from now on) are obviously going to be ones where the devs are never going to actually do anything that they promise in the whitepaper, but devs that want to make a ton of quick cash to run away with.
I'd avoid ICO's all together, especially with the fact that BTC is this high right now -- this is the time where scammers target people who run here looking for the next BTC.
Btw -- ICO's are crazier then penny stocks.
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Can't do anything, as Bitcoin is a nonreversible currency. There's going to be no helping you unless you're able to deem (in court) that YoBits shitty security, and only that, is the reason that these coins were stolen. You'd have to have nothing to do with the coins being stolen and it'd have to be a fully backend issue from them. I highly doubt this is the case though, even if I do hate YoBit with a passion.
I also doubt you trusting that insane amount of money with YoBit, they're not the type of exchange I'd think anyone would want to put any money in, let alone near 70k.
Any proof?
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Even those numbers are SO fantastic but it does not means that it will became true. A lot of financial advisors have been predicting that bitcoin was going to be over $100 thousand dollars, probably $200k, and there is nothing special with that.
I would be happy with seeing bitcoin over $50k, and that is my maximum goal, i mean, i would be almost realized to see all my portfolio to reach that amount of money (per bitcoin)
But are you sure that we are just a 3% of the total capitalization of gold? We are almost at 300 billion dollars, once that we hit the 1 trillion dollars, we would be pretty close to that mark.
Maybe in six years from now we are going to reach that milestone.
Link me to some of these 'financial advisors' that are saying stuff like this, I can bet big money that most of these people either have a stake in Bitcoin or have a stake in one of the big altcoins -- these claims are attempts to try to make the market move by using their name to their advantage. Plus help me out on how you, or the article you were reading to get this information defines 'financial advisor' as the FEC probably has one that is very different to what you're going on. This is insane, get outta here.
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I used to use a couple of them a long time ago, I think I remember PrimeDice being big (I didn't really like this one though) but that's the only one out of the big ones which I know, one of the smaller ones I used at one point was safedice? Yeah, that was it.
Anyone use these sites and know of the big sites, plus the mnost profitable ones? I used to have a site which tracked the profitability level of these sites, but I kinda lost it -- I know one of you on here is going to have it.
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Even though I did buy fairly recently, in the range of about 7700 and 6800, I don't think I'd be buying again until it hit around 6000, as I really can't trust this bubble to keep going up and up and up. MAYBE I'm just paranoid but I know there has to be others like me who think the same things, it's just more and more trading with nothing new about Bitcoin.
Actually for some of the people that think BTC is going to the moon, could you give me a reson for this? I want 3.
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Oh without a doubt something that's crazy to see, but is it really surprising to see something like this happening? This company is going to be grossly large, to the point where the government thinks that it's really going to be hurting consumers - which I think is something which many could go ahead and agree with without an issue. Also, you must think about that this company has done to the administration that has the authority to stop this merger, the Trump Adminsistration can strike this down and they've been ridiculed by all of the news organizations owned by Time Warner.
I expect this to fail, and fail heavy it will.
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A lot of people are very keen to point out some of the most recent and ICO's that have made the most money for the people involved, one of the biggest ones include ETH,NXT, IOTA. These are great and only, and did make a select group of people involved a gross sum of money-- but that's nothing compared to the amount of ICO's that have just gone belly up for everyone involved. Tons and tons of people lose gross amounts of money on ICO's when people just run away with nothing to show.
Sounds familiar in this wild west world of crypto. People simply need to stop investing and then we wouldn't have issues like this anymore, once the money stops the people stop working with it.
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Well I mean, is something like this all that surprising? In smaller countries, where they're already ridden with corrupution and the governments trying to squeeze as much as they can out of people. Do you think they're going to allow for a decentralized currency to come in as a way to hide money from the government? No, they're obviously not going to leave any power to anyone else. Because if they do, that'll lead them down a long line of them probably losing their position for being too WEAK.
There's a lot of money to be made in centralized banking, especially for governments and banks, teehee.
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Have never heard of, nor never used this site before. And upon trying to look at it, it's a 404 not found kinda thing on here.
But if you are serious about buying Bitcoin, alebiet from a different source, your best bet if you don't care for giving up a tad of privacy is going to be something along the lines of Coinbase. Lowest fees on purchases, only downside is that you're going to have to show an ID, Passport, or one of these items.
If you do care for privacy though, you have to pay the piper on LBC or Paxful with an anonymous(ish) payment method.
Good luck and welcome to Bitcoin!
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People really have to be more aware of this, with the Bitcoin price this high everyone is going to try to be scamming for whatever scraps that they can possible get. I wouldn't be putting my private key for BTC into anything, wait until you can get your Bitcoin gold through YOUR OWN means. Don't give someone else control of your wallet so they can give you free money, that's just a blatant scam. No one is going to be that generous.
Bitcoin gold is shit anyway, make it BTC and ONLY BTC.
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Bitcoin become a currency that's for sure. But to call him a bubble too. Look at the growth in stock prices of companies that produce equipment for the miners. A contribution of bitcoin in the real economy. This is only the beginning. Let's assume Elon Musk will sell Tesla its only for bitcoins. He loves to shock the audience. Then there will be the opportunity to invest in bitcoins, Tesla's shares. I'm sure if the opportunity to profit from investing in bitcoin it will attract many investors. You are too hasty to call bitcoin a bubble.
That's not true, if you were to look at the growth of Bitcoin at the moment you'd see that it's driven by traders, and not by people actually using Bitcoin for what it's intended to be used for. Yes we've added more and more trading volume over the past few years, but can you think about finding a place around you (local) that accepts Bitcoins for transcations? No, you probably can't. This is a bubble, and it will pop,
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