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BitPay is ruining the purpose of Bitcoin. It has a 1% fee, so like someone else mentioned, it is turning into some kind of Paypal. First approach would be putting a QR code at the end of purchase of a single wallet, and then they tell you what is their Wallet address, so you can verify it. After you know more, you can make a specific wallet for each customer.
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I only have online wallets since I don't know how to use other bitcoin wallet and I have not much bitcoin to store anyway. I 'll just learn how to use other btc wallets when I am ready to buy some serious amount of btc.
Try MultiBit HD. I also used to have only online Blockchain wallet, but then i got used to multibit. |
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I think yes. Because the sports betting places have profit, so it means you cant earn. You know, even a what you think is 100% game, could go wrong and you lose money  So yes, i think it is simillar to gambling, only you have the feeling of being in control. |
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Lending it out on BTCjam? But i dont know how legit it is.
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I myself use 3 different wallets. One is on my Android device, one on my desktop PC and one online.
The one i like the most is on my desktop, MultiBit. I like it because you can quicky generate new deposit adresses and keep track of your incomes and outcomes. I only use Blockchain for some payments, and on my mobile phone i have MyCelium wallet, which i use for mobile/QR code scanning payments.
What wallets do you use and which one do you prefer and why?
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One more vote for Investing, if you save money you are stuck there(still not bad) but let's work something and invest, i suggest in bitcoin or in Etherum as the price is cheap now.
I was a little afraid to invest in altcoins. yeah you know altcoins have very volatile prices. is etherum there a difference with another coin? Altcoins generally are a pump and dump scheme. Most of them just reach a high price which then drops and the coin is forgotten. Some people make money with this, while the majority loses. |
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If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.
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I buy them because i think of it as an good investment. I hope i will get to sell them for more than what i paid for them.
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Depends only on the phone i have, otherwise i think they are equal. Although iOS might be more secure.
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Either a paperwallet, or make a note on How to make a wallet and then send it to them. Or make some sort of a "gift card" with a blockchain wallet and password on it. And put the ammount of BTC you want to give as a gift on that wallet.
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Not really. I think the price is currently increasing about $50 each month. Every month we see some sort of bubble, but at the end of it, the price increases. This time i think it will go to $500 and then drop to 390$. So my predictions for january are about 430 per BTC, and after the halving a little more.
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I really like BTC. Even if the numbers are ugly, like 0.003254 BTC, i still prefer this. I dont like all the 700mBTC and 920 Satoshis...
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You are right. Everytime i sell my Bitcoin, the price tends to go higher But if i buy them the price drops...So i dont really know what is the best thing to do. Right now, i would probably sell them at $500, because i believe the price will drop after christmas. |
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All of the things you are saying are true, yeah, but there is another way. You can hack your way into the person's PC and get their bitcoins, you can bruteforce their password and get a hold of their BTC.
But exposing the private key really is impossible for now.
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Sure, it would be pretty cool. And the winnings would get paid to your wallet. Or a paper wallet would get printed out with your winnings in it:D
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You cant really earn anything in a long run. You can get lucky in a short term though. But the longer you play, the less chances of profit you have.
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I think it will hit $500, but then drop to around $400. The drop will be somewhere around christmas. I believe right after it.
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Bought it at $340, but i have allready sold some at $385 just to be safe. Nonetheless, i think i will sell all at $500.
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Base on my personal experience, it's a lot easier to buy bitcoins in person from someone than to use an ATM machines an go through the long process before having your bitcoin...
In many cases the process of buying bitcoins is simple as scan code, feed cash, click send = 15 seconds. No registration or verification. Almost all lamassu machines (~30% of all bitcoin ATMs) work like this. The Lamassu machine in my city requires a scan of the state Driver's License. "Debbie Downer" It also does not work right all the time, the owners are always having to fiddle with it (reboot, etc.). That MIGHT be a network or WiFi issue, I cannot say. I bought some BTC at a BTM in NYC once. No ID! I put in almost ALL the FIAT$ I had in my wallet. Then went to a regular ATM to replenish my cash. Just be glad that you have a city that has an ATM in your state in general, let alone your city... It would be so convenient to exchange cash for bitcoin directly and not have to worry about my bank verifying my transaction that takes 4 business days. I think the closest one to me is around maybe 4 hours away? So unless I had a huge amount of fiat that I was willing to deposit directly into bitcoin, it will never be reasonable for me to make that drive. Sure, you get BTC instantly, but at a 4% fee cost. So if you are planning on buying a good ammount, it might be better through an exchange, but if you need it fast, you could use the ATM. |
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I would keep the coins as an investment. Just like i buy coins from an exchange.
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