Hello, I've been hovering around bitcoin for months and I want to become an expert in it. What resources are available and what steps can I take to know all there is to know about bitcoin and possibly reproduce the technology involved.
Thank you.
This is a forum and you do not need expertise in roaming here. You can learn everything here if you are pertaining to trading, mining and how to invest but it does not mean that you can be an expert in it. It's very hard to predict prices and speculation. There will also be times that it's up to you how to fill your own glass  |
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What is the best thing to do with the current situation of bitcoin? By current situation, I mean the price of transactions getting high, the upcoming fork, miners switching to Bitcoin Cash ... etc. How should I overcome this situation? or should I simply switch to other Cryptos?
Don't panic dude, I am not assuming that the coming fork is exactly like Aug fork but it calms me down at least. Yeah there is a bit of a down but some used that time to buy because prices are low. Then look where it got us, 4k+ $. Do not doubt bitcoin man. I just recommend Holding your BTC, forks are a bit risky in tradings at that time. Let us just be patient. |
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I definitely agree that it is possible, with prices going up within months, in few years with saving btc is enough.
But having a job is not a bad idea either, it will be more secure and stable knowing that you have your choices. A plan B in any circumstances.
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Risks in bitcoin investment depends on the speculation itself. If the price goes up there will be higher risk of loss or in the other hand, max profits. But when prices goes down, small risks and at the same time small profits. They are directly proportional.
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Received payment for this week. Thanks Sir Yahoo.
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
In my opinion, children nowadays have the edge about technology, but much cases, children nowadays are not into learning new things thoroughly. Compared to people raised in the old generation that are very hard working. Kids do things for fun, luxury, and money only. They want to get things in easy way. My sister is very much interested and she is 6 years younger than me. I really think that it is wise to educate her now even though its hard to predict Bitcoin. All I can share is that it is very hard, she is just focused on the earnings. I said that she should explore it alone to earn. I hope she can do it and it will not get her into any trouble. Teens are very unpredictable. |
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It's a good idea saving BTC than selling it without holding it for a period of time. You might regret a profit that you might have earned. Like for example, if you have saved 0.5-1 BtC since 2010 and bought it about 800-1000$, you have about 3000$ this year with just holding it by time. But nowadays, it is really hard to save when there are times that you really needed the money. But as long as you have something to hold, do it. There is no assurance of the highest price of btc but it is still a long run.
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You can pay with Bitcoin in several stores and even restaurants here in Germany. Are we the only one who have this?  Not sure about that, maybe some countries do accept bitcoins in specific stores and restaurants but I guess limited only. Like in my country, btc is not widely accepted because government is not yet acknowledging its use. |
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In my country, the wallet is having features for cash out of BTC. It may be directly or easily converted to fiat via
Cebuana, or banks
If you wanted a small business, try load retailing, you yourself can convert your own BTc to fiat.( I have tried it)
I haven't done going to banks, my friend if offering me to trade my Btc to fiat.. If I wanted to convert my BTC to fiat I will just contact him..
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Like you see this cryptocurency that has received a lot of criticism and even treat from the Government in it early day is now trending internationally, many people prefers to be paid with it. A big thank you to those developer that never backed down or even abandoned bitcoin development. and also a big thank you to the supporters who made it possible for knowledge of bitcoin known and sheared around the word I learnt about bitcoin in 2014 and since then it has been a great help to me I just want to advice anybody that reads this post even if you have bitcoin or not, get bitcoin and safe it, so if you can lay your hand on bitcoin now, please safe even if it is a little. My story- the was something i did in 2015/2016 i hard a little money with me and i wanted to discipline myself cutting my spending then an idea came into my mind to turn the cash into bitcoin and safe it and i did just that ( i even forgot about it). one day i hard nothing on me at all i was not even able to buy food for my self and my Girl. then i remembered that i saved bitcoin in one of my offline wallet, without wasting time i exchanged it to cash with localbitcoin. i was shocked by the ROI. it was the best thing that ever happened to me. Comment below and shear your story with this great community, we will love to hear it I agree that saving our bitcoin is a very good idea specially to a new mother like me. As parents it is our duty to provide the needs of our children. Im so thankful that I've learned about bitcoin because its really a great help for me given that im a stay at home mom. We all want the best for our children and by saving money or bitcoins their future will be secured. I salute parents that are doing everything for their children's future. I agree that bitcoin will always have a part in our lives once we have learned it. Bitcoin is the future of transactions and very grateful about the income it provides. It really does give hope to people like us. |
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Believing that it could happen makes sense, possibilities can always occurs with time but in my opinion, bitcoin is the king of crypto it my be replaced but just in a short period of time. The use of BTC is definitely the demand.
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My parent , especially my mom , she always tell me to stop doing bitcoin otherwise i will go to jail or doing bad things to social ! I don't get it ! Old generation seem very lack of experience in Bitcoin ! Why they keep telling us to stop when they even don't know how to check a simple email on ebay ! How to explain them guys ?
Parents knows whats better I guess. Living in old generation knows how important discipline is. We all know that nowadays kids and young adults can do anything that runs into there minds. Parents are just concerned. They care for you and just worried that you might get hurt basically because they fear the unknown. Earning in a young age of course might cause puzzles in their minds. You better make them feel that it is a good thing and not by being stubborn to make them see that it is bad for you. Good luck mate. |
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Well, Practicality depends on its use. I would look at its use rather than listen or believe to things like saying bitcoin is not practical anymore which I can observed that Bitcoin is just getting started. Bitcoin is very much practical. Maybe they are just making conclusions like this because it is not yet widely accepted. As long as it is in demand, it is practical to use.
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A hundred years is a long period of time, we really cannot foretell things after a span of this long, but there are possibilities of life and death,eventhough internet still runs, there is no assurance of bitcoins, maybe it still depends on the processes that bitcoin will undergo within that period, Maybe totally accepted or banned entirely, we really do not know what could happenm
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Movies ? gambling sites ? exchanges ? what kind of service you want to see involved with Bitcoin more ?
Healthcare services I guess. Health is one of the most important aspects in life that needed attention. Nowadays, perception about health is quite neglected but commonly used service. Secondly, I am thinking bitcoin involved in restaurants, malls, and hotels are good ideas. For now, in my country, limited services accept bitcoins. Very specific payments can be made. |
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I would like to ask if a newbie can join a campaign the pays close to a jr member rank? I really need answers guys need help on my problem
Nope, newbies are not yet accepted in signature campaigns. When I started, I waited for my account to rank before applying. Before, there is a campaign that accepts newbie but it is on PAUSE for about two weeks now I guess. And newbies can not be paid close to Jr. rank. Ranks are very important here because it is one way of knowing a user if he or she is trusted, and experienced or the other way around. |
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Probably I choose BTC, as we all can see how strong and how BTC survived in years. Although there are alts made and forks continuously butts in, it remains positive and trusted as the most powerful cryptocurrency. While BCH, it is not yet tested by time, obstacles and other scenarios that it may encounter to prove that it is a powerful currency. If I may compare BTC and BCH to other things to be able to get to my point, is that I think BTC are like bitcoin users who started years ago who gained trust, knowledgeable and most importantly survived in this forum with the guidance of rules which I can say is very dependable. While BCH is like a newbie, starter, maybe in some cases very skilled and knowledgeable but still needs to be tested and gain trust.
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I was talking to a friend the other day and he told me that two of his friends has left their full-time employment to concentrate on their Bitcoin ventures. < One in Crypto currency trading and the other into imports & exports, linked to ecommerce >
In light of the fact that Bitcoin is still experimental and very volatile, would you say that this was a good or a bad decision and would you do the same?
How many people have done this already?
well, in my observation, in our forum, there are many bitcoin users that considers having a job and having bitcoin as another source of income which I think is clever. Having a secure source of income is indeed a great idea but not pertaining to everyone. There are still circumstances and factors that an individual consider in decision making. Some have jobs who make bitcoin a secondary source of income, some are considering bitcoin as primary source, while some have reasons like a mother taking care of children that is why bitcoin is her way of earning while some get tired of jobs and satisfied in earning in bitcoin. well, bitcoin is a flexible commodity, decentralized in its very own. I am not judging people as lazy because bitcoin is valued for its features which is very beneficiary to all. no decisions are bad or good if the intentions are good and within a good reason or purpose. |
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Acknowledging that payment has been received. Late update, thank you so much yahoo.
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Do you count for posts in local boards? Or do you count for non-english posts?
I hope so, because most of my posts are from local boards using my native language. And those are constructive posts. One more thing, it's not indicated on the rule post that local language is prohibited. Lets just wait for some clarification guys take a time to backread. because there's a moment there that has not paid because of posting on local thread, and i hope think all of the participant are aware for that. just take a look to clarify your doubt. Local board posts are accepted as long as it is constructive. Wait for the update of Sir Yahoo. Nevertheless, he will be the one to decide if our posts are qualified. he has a busy hrs by now. so no one can tell if when he will update the spreedsheet. take a look in here https://bitcointalk.org/index.php?topic=2110184.120 Yeah, another great campaign by our dearest OP. Don't worry, he has his ways. Let us just be patient. What ever the circumstances be. Be it. |
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