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whichever exchangeer you chose, make sure to read their rules and fees first before doing anything else in their website.
some of them might have rules that you don't agree with like poloniex which asks users for their personal information in order to let them trade and others would ban some countries.
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I use coinbase web "wallet" too, it is easy to manipulate.
The UI is clean (blue and white) and i can easily send and receive bitcoins.
When their website gets offline i have no access to my bitcoins, so basically they own my bitcoins, not much safe.
What that's mean about "easy to manipulate"? Basically coinbase is exchanger. may be he use 1 bitcoin adddress only 1time, or maybe he want to mixing his bitcoin send btc to coinbase, sell it with usd and buy back after it your bitcoin get mixing  but i think xapo is better to do it Nowadays there are many bitcoin mixer, and the number is just growing, that could work too, Both coinbase and xapo does not give you private key but their service is good. But if you want to mix then buying alt coins and selling to other exchange should work too. i am not 100% sure but as far as i know you have to give your personal information to wallet service providers like coinbase and xapo. so as a result the mixing part is useless, because the purpose of using mixers is staying anonymous which you won't have when using xapo or coinbase. but coinbase and xapo never share my document to other people i still trust xapo and coinbase first of all , the anonymity is something that not everybody cares about. for instance i don't care "that much" if anybody can trace my transactions to me. on the other hand trust has degrees, and since xapo and coinbse don't give my any private keys and i only have an "account" i don't trust them one bit. |
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I have read a post here somewhere about a guy who earns good by selling domains.
This is also a good job buying cheap domains and selling them in auctions, which brings good profit in bitcoin.
i saw one topic here once about a couple of months ago, the guy was selling domains that he had created a while before and all was bitcoin related. if you mean this, i don't think it is a very profitable nor good way of earning bitcoin. besides reading the topic that guy received a lot of hate from the community!! |
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I use coinbase web "wallet" too, it is easy to manipulate.
The UI is clean (blue and white) and i can easily send and receive bitcoins.
When their website gets offline i have no access to my bitcoins, so basically they own my bitcoins, not much safe.
What that's mean about "easy to manipulate"? Basically coinbase is exchanger. may be he use 1 bitcoin adddress only 1time, or maybe he want to mixing his bitcoin send btc to coinbase, sell it with usd and buy back after it your bitcoin get mixing but i think xapo is better to do it Nowadays there are many bitcoin mixer, and the number is just growing, that could work too, Both coinbase and xapo does not give you private key but their service is good. But if you want to mix then buying alt coins and selling to other exchange should work too. i am not 100% sure but as far as i know you have to give your personal information to wallet service providers like coinbase and xapo. so as a result the mixing part is useless, because the purpose of using mixers is staying anonymous which you won't have when using xapo or coinbase. |
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I see u guys said it is not rigged, I don't think so. How can you guys explain nitrogen sports' provably fair blackjack, too many people complain their blackjack is 100% rigged, when you get 20, dealer gets 21, when you get 19, dealer gets 20 or 21, when you get 18, dealer gets 19,20,21, when you get 17, dealer gets 18,19,20,21, i estimate players have 20% winning rate on their bj, which is highly suspicious, although nitrogen claims it is a provably fair blackjack.
nobody claimed that "all" of the gambling sites are provably fair. i am not saying what you are talking about (nitrogen sports) is fair or not, because i have never heard about it since now. anyways you should always check provably fair yourself or read what others write as feedback if you don't know how to do it. |
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Can you really trust all the dice and gambling sites with provably fair games? Or are they all rigged?
They are all "rigged" as they need to make money. Usually house edge is around 1% or sometimes less. But provably fair ensures that the house can't "cheat". They cant give you wins on low amounts then losses on high amounts or anything like that. Its all mathematically proven and are therefore fair. they are not rigged, at least not all of them. the fact that we can not win in gambling and especially dice which is the most popular way of gambling, is that these games are designed this way so that we lose at some point and never keep on winning. otherwise the site would go bankrupt. |
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I used to gambling at loteries i may say i didnt risked a lot money usually i spended 2 euros up to 5 euros weekly,meaning 20 euros montly,but well i had won some prizes but in the end i may say for personal i lost much more money then earned at this.Soo why people keep buying?Word is facing financial problems but people keep buying these.. did you figured that already?There is some lotery of bitcoin online,where we can buy a ticket and be able to get the prizes ,i mean one trusted not a scam.
since i have never been lucky in my life so far, i don't like playing anything that has a very rare chance of winning like lotteries. i have tried them though, not with bitcoin but with fiat, and i have never had any luck in any of those. |
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Well, I lost my first million satoshi by using martingale in a extreme lost streak of 20 bad rolls. A losing testing play which taught me that there's no strategy at all but pure random luck.
better learn this late than never. i had the exact same experience with slightly different amounts. a while ago i tested a lot of strategies in dice, some worked for a while and some didn't work at all. the only decent conclusion that i can make from this experiment is that gambling in dice has only one outcome and that is "LOSS". |
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i am so greeedy, whenever i win i always bet again to double or triple and when i lose i stop and bet again next day
Pure addiction is danger, but I think everybody needs a little insanity, but not all the time, you gonna get "killed". wow, that is a wild assumption !! as long as you control your maximum amount that you lose / bet then you are going to be ok. it is not like he is going to a loan shark or selling his kidney to gamble bitcoin and lose it all. |
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it is a very interesting concept for a gambling game on the bitcoin price. but it think the time frame of 12 hours is a little wide, and also the entrance price is a little high for an starting business.
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most people are involved in bitcoins see it as an investment, But If we don't spend them, they become worthless
isn't "not spending" the sole purpose of an investment? when you invest in an asset, you buy and hold it until the price rises or goes lower that your loss tolerance limit. and since there aren't any place to spend them (at leas i don't have any place to spend them) bitcoin would stay as an investment for me. |
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i hope he dumps it all on bitstamp. i got huge bids waiting at the $0-$10 range. not really expecting them to ever get hit. but that's where they are when i'm in fiat, in case, you know, satoshi dumps it all.  the dump you are talking about is 265 bitcoin as far as i know and reading the reddit posts mentioned earlier in this topic, i believe he had already spend them the same day he moved them. |
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i still think that bitcoin is for all purposes is a decentralized technology with the power to repair a broken financial system.
but it is far away from that point, right now as it was before is just a speculation thing which people are using as an investment to earn a profit from the volatile price.
and unless we see any sort of mass adoption, and every place accepting it alongside credit cards it is going to stay this way.
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I am entering the world of bitcoin
move your topic to beginners and help section. just wanted to see the safest way to anonymously buy bit coin
buy bitcoin with cash and in person (face to face). just remember to do the transaction in a public place not in an alley. and don't let them lure you in their car  which wallets are best to use
if you are ok with having a full node (~40GB) on your pc both downloading it and keeping it on your HDD, then core or armory is the best. otherwise choose a light wallet (SPV) like Electrum. most secure way is using any of these wallets offline , or creating a paper wallet. what sites to use.
show me the ropes internet fam
bitcoin.org here! /r/bitcoin |
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Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.
What do people think of this as an investment holding for 6 months, 1 year or 5 years?
Why ask other when you are solely responsible for your own action? No one can tell you if any investment can pay off. Before taking any plan of action, it is generally wise to consult other people.  I don't really see anything wrong with asking for other people's opinions about it. i agree, but this way of asking on the forum doesn't seem to me like the best idea. you see those who are short are shouting sell, sell and those who are long term hodlers are screaming buy, it is a good time and the rest are just throwing out ideas. |
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the easiest way for everyone to make a bitcoin wallet is to use an online wallet like blockchain.info but this way is the least secure way of keeping your coins.
since you don't have any other pc, you can turn off your router and use a live linux on a CD to boot up and there you can have an offline OS which is secure and then make a paper wallet that way.
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the best way to buy bitcoin is to buy it with cash and from someone near you face to face, but nobody has that opportunity so buying from Localbitcoins and coinbase are the best options in my opinion.
and whichever wallet you choose is not going to be safe until you make it safe by for example setting up a password for encrypting your wallet and private keys, making and offline version of the wallet, etc
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you should check out http://www.coinwarz.com/cryptocurrency it has all the usefull information that you will need in order to decide what to mine and also it helps you calculate the profitability of any coin that you choose with your hashrate. |
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Of course I don't mean BTC Casinos or similar things. I know you can earn but can lose there as well.
you can always start trading. i have been trading altcoins for a while now and i can tell you that it needs some work and spending time researching but in the end you can earn a good profit everyday or an hour if you want to think of it like that. it is not a fixed amount every day but it can be a considerable amount. |
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people always forget that every transaction fee is determined with the size of the transaction not a fixed amount per one transaction.
this means if you have a lot of inputs, then you will have a large transaction which requires a larger fee.
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