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What is this? I have got 100 merit. But I don't know how will I get more merit? Any one know anything about this??
The forum was updated last week, there has a changes when you rank up you need to have a merit/s. They gave you some merits but it is limited so to achieve more merits you should post a informative replies in forum try to read or search the answer about the topic so it prevents a nonsense post. you can make a one liner post but make sure that it is not a shit post, try to elaborate your answer by having some supporting details. this tips can make you to have more merits goodluck!
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Some countries implemented to ban the bitcoin in their area and some were not. In countries that has a bitcoin, I think that their banks can`t handle a bitcoin. but i can gave you advice to transfer your money to your bank account. Our way is we transfer our bitcoin to our online wallet and then we convert it to ethereum and convert it to dollars and after that we send it to our online wallet that has an access in our bank.
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When having a bitcoin you are required to have a online wallet, and when using bitcoin you need a internet so you can browse what are the value of bitcoin, the updates when you are trading, mining and others. You can access in bitcoin by using internet, if the internet goes down it has a possibility that the bitcoin will fall down.
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A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A hot wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but since they are on a device that is connected to the internet they are less secure. The second type of wallet is a hardware wallet. They maintain high levels of security to protect your coins by storing your coins offline. Offline storage keeps your coins and ata out of reach from hackers.
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I have researched that Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.
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If you're not a good trader a long term investment is required. Every investment has a risk but holding your btc wisely will not be a risk, I think it is the safest and best way to do with your bitcoin. if you hold your btc you must wait the time that the value of btc rise up so you can have a big payday.
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Hi Im a college student now and my friends introduced me bitcoin. At first i was so confused in what should i do when im investing in bitcoin. After that i asked them to gave me some tips to earn faster. When i learn how to earn in bitcoin, i see that i can get a big payday if i continue what i`ve done in bitcoin, so therefore bitcoin can help me to pay my school fees and that is one of my favorite in bitcoin.
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Bitcoin is nothing but a virtual currency or a medium of conducting digital transactions, just like any other digital currency. bitcoin is still a more efficient and cheaper way to transfer money across borders, and several remittance startups make use of this feature. Bitcoin’s cost and speed advantages, though, are being eroded as traditional channels improve, and liquidity remains a problem in many countries. Also, a number of large and small retailers accept the cryptocurrency as a form of payment, although reports suggest that demand for this function is not high. And many individuals feel more comfortable holding a part of their wealth in securely-stored bitcoin, where a central authority cannot block access or take a cut.
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I have different ways of spreading bitcoin knowledge first is through social media, i share,retweets or post something about bitcoin and how does it works. I`ll gave them some links so they can read and see what are the changes and what should they do in crypto. Then I communicate them personally, I show some proof so that they believed in what im saying. And also, I answered their question if they do`t undertstand something.
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With the help of bitcoin, If your life becomes stable you dont need to accept your job offer. Just continue to invest in bitcoin. But if you were a beginner or you want to earn more, I guess you should accept your job offer and combine your bitcoin without having a problems. You can earn in your full time job and at the same time you can earn in bitcoin.
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I have researched about satoshi nakamoto, Some sites says that nakamoto is the creator of bitcoin. But they don`t know what is the true identity of satoshi, they don`t know if he is a singular person or a group of people. they don't even know if Nakamoto is alive or dead. But if Nakamoto is a single person, they're currently the 52nd richest person in the world when measured against Forbes' list of billionaires. And judging by the way Bitcoin's price has exploded, they might soon sit on top of that list, potentially as the world's first trillionaire.
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It seems that nearly every day there’s another report of a major hacking. And as the number of hacks increase, consumer desires for security increase as well. Blockchain is the model of internet security, that doesn’t produce a fully secure system for users. There are a number of important safety and security practices that can help to protect your private keys and therefore protect your funds. first it is wise to find a wallet with security measures beyond the normal wallet providers. Some wallets are now using encryption to protect the private keys. Users should always have at least two digital wallets. One wallet should be used for trading and transactional purposes, and the other wallet should be used to store savings and be kept in a secure location. This type of wallet must be a cold storage wallet. In anyway, a backup of the private keys have to be stored safely offline. This two safety tips can help you to avoid hacking your wallet.
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While bitcoin is the digital asset (currency), blockchain is the technology that bitcoin is built on. Therefore, bitcoin is dependent on blockchain technology. Without blockchain, bitcoin would not be valuable because there would be no secure method of transacting in it. Blockchain provides a verifiable database ensuring that all purported transfers are actually transfers. As a result, you are protected from double spending and fraud.
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I have many plans with my bitcoin, first is i want to start investing here in bitcoin to earn more and collect more btc for my future Aside from that I want to make my own business. And when the time comes if I become successful, i`ll share my knowledge to others and help them to earn bitcoin easily.
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There are some major benefits that make Bitcoin a one of a kind digital currency that has no likeness. In terms of personal identity, A user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction. Like with many online payment systems, Bitcoin users can pay for their coins anywhere they have Internet access. This means that purchasers never have to travel to a bank or a store to buy a product. and lastly bitcoin is tax free.
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Due to its value and popularity, many criminals was engaged to used bitcoin as an online payment. Bitcoins may be challenging to track because of its decentralized system and no paperworks required, so criminals can do some illegal transactions. For these reasons, we should all be very careful in how we think about Bitcoin, because most evidence suggests Bitcoin to have the same net positive effect, if not more, than the internet. Both the internet and Bitcoin are tools that can be used by the ‘bad guys’ or the ‘good guys’, and thankfully most of the world are in the latter category.
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It is too risky to turn all your money to bitcoin, there has no assurance that you can get a big payday if you turn all your money to bitcoin. we all know that the price of bitcoin is constant so lets just invest small money, and these days many people became hackers they might hack your account wallet and steal your money, so be careful.
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Yes i think so, that's why government and banks tries to ban bitcoin in their country so they dont obsolete. They know that these days many people are using bitcoin because it was so convenient in terms of making transaction no papers needed, no additional fees, and the best in bitcoin is no middleman needed.
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Through online, bitcoin represents as a money. the difference of bitcoin to a real money is in bitcoin you are convenient to buy or sell. you dont need to have a middleman. just buy it directly. In terms of holding your money i guess that bitcoin is better than real money because, bitcoin can raise the value of your money while holding it than holding your real money it doesnt change.
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