.

What are the options available for changing bitcoins into altcoins and storing them in online and offline wallets. I recentry read a post on a  new exchange that provides this service although lost the link.

Am I correct in assuming the majority of online exchanges only allow withdraw in fiat and btc?

I also know you can buy and sell alt coins on sites such as cryptothrift although you need to find a buyer/seller.

Thanks.

I've been interested in BTC for a while and want to understand more along with trading alt's etc. I keep hitting some walls trying to get my head around some of the financial details for bitcoin.

Please help me get my head around bitcoin price in relation to mining difficulty, mining, and the future of the crypto.

I have seen people changed from CPU's for mining to GPU's then to ASIC's because of electricity costs to value ratio. Now that the price has dropped miners are investing in solar energy to power their farms.

As it becomes more difficult to mine a bitcoin older technology becomes obsolete due to difficulty as does falling BTC to fiat ratio. What is going to stop this next downtrend if there is nowhere really to go for the miners.

Bitcoin farms will be unplugged. No more bitcoins but users still trading. So more users want bitcoin but less are being produced.

Does this create a supply/demand issue causing the price to eventually rise again in the same way as resource prices are dictated?

Or could the price just fall off the map for other reasons?

I'm new, so I'm buying, although I can't find much information of cash deposits in banks. I want to keep my btc anonymous because it's my money and if I want to hold cash outside of the centralized banking system I shouldn't need to let anyone know.

I am looking to hold a small amount of btc and have considered localbitcoins, problem is if I cash deposit at a bank through a trusted user do I need to provide ID? Will I remain anonymous?

I'm in Australia, this may differ from country to country.

Any help is appreciated. Thank you.

Regards, Gallah