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Dudeperfect
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January 28, 2017, 04:37:44 PM
 #21

Hi Neal, first of all, welcome to the board, I can assure you that you will learn a lot of things about cryptocurrencies, especially about bitcoin here on Bitcointalk if you spend that kind of time to carefully read and understand posts.

Now coming back to your question, yes bitcoin is a currency to store monetary values in it but since it is widely accepted and has the global presence, we prefer bitcoin instead of fiat currencies.

Unfortunately, there is still a large number of people who have no idea about bitcoin and its potential and everyone around us still using fiat so it is difficult for bitcoin users to spend bitcoins directly.

There are many types of wallets but initially, I would suggest you go with blockchain.info because it is secure and user-friendly as compared to that of other service providers. If you want to hold bitcoins for the long term then cold storage with the paper wallet (multiple hard and soft copies of securely generated paper wallet) is recommended.

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January 28, 2017, 04:39:20 PM
 #22

My first wallet was blockchain.info and when I understood thatdesctop wallet is more safe for storing bitcoin installed Electrum.
To make it secure you should always keep your private key in safe place.

Using Bitcoin do not need verification in opposite to other electronic payment systems. In addition it has low fees for transactions and is decentralised. All these features make Bitcoin interesting for users.

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January 28, 2017, 05:01:05 PM
 #23

See there are many ways to earn bitcoins
You can do faucets to earn few satoshi's

Next , there are sites from which you can earn.

But the best way is to enroll in campaigns and earn
Monthly, weekly or even daily.
Just make a wallet and then give your address that's it.

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January 28, 2017, 05:04:31 PM
 #24

You have to remember, Bitcoin is not the same as PayPal and the other payment options you are used to. These payment options are

all centralized {meaning, some entity have full control over your money} In Bitcoin, you have the control. This control is dependent on

the method you use to store your coins. {If you use a centralized 3rd party, like a exchange or a payment processors, then it is no

different than PayPal, because they have the power over your money } If you use no 3rd parties and only you have control over your

private key, then you have the control.  Wink

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January 28, 2017, 05:40:31 PM
 #25

Here https://bitcoin.org/en/you-need-to-know it says you can reverse BTC transactions (like CC chargeback) but everyone online says it's impossible, is the site outdated or can you really do that?
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January 28, 2017, 06:09:08 PM
 #26

Well, it is a shortage of another payment processor. there is always suspended on the grounds that stupid. yeah, but I think they do it to ensure their security. bitcoin provides full access to their users, so its very convenient to use bitcoin. I use to store bitcoin blockchain I get.

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January 28, 2017, 06:15:52 PM
 #27

Welcome to the forums!

To learn about this stuff, chances are many of your questions have already been asked and answered. Continue to make your way around the forum and I'm sure you can find them. If not, ask them yourself, and

people will be happy to answer. In terms of Bitcoin Wallets, there are handfuls of quality wallets. Personally, I use Blockchain.info, which is very secure and has a very simple user interface. In addition, they have a

mobile app that allows you to manage your wallet anywhere which is nice. Good luck Cheesy
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January 28, 2017, 06:25:07 PM
 #28

There are some news sites that you want to visit to check on the latest news around the globe about how bitcoin operates.
Here is one such site with an article that will give an optimistic view on the year that is to come starting with the Lunar New Year that was yesterday:
http://www.livebitcoinnews.com/chinese-new-year-2017-excellent-time-spread-bitcoin-awareness/

Also one that will keep you from becoming a victim with your bitcoins with the ever growing threat of having them stolen from you very easily just in the last year.
http://www.livebitcoinnews.com/48-ransomware-victims-paid-least-us2500-2016/

But that was in the past and now we are more suspect of these things when occurring.
Being in the know is the best defense against such attempts from happening.

Good luck on your journey into the bitcoin world! Smiley

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January 28, 2017, 06:25:40 PM
 #29

Hi everyone, as you can see I am new here and even though I've read some 'guides' on BTC there is still a lot I don't quite understand so I'd be thankful if you could help me out:

If the purpose is only to store money and there is no need for withdrawal why would you use anything but BTC? For example if you have unverified PayPal or verified with CC or in some cases a real account it might get limited or even suspended for some stupid reasons so why risk it when stuff like that can't happen with BTC?

What is the best wallet for keeping BTC secure and how to do that?
Bitcoin does have many advantages over paypal and you will find many telling you what they are, but still paypal has the most market share when it comes to online payments so some still use paypal to buy stuff you cannot buy with bitcoin. About the best wallet to secure your coins, probably the best option is hardware wallet like trezor, if you cannot afford that then a paper wallet is a good option too.



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January 29, 2017, 07:44:12 AM
 #30

Hi everyone, as you can see I am new here and even though I've read some 'guides' on BTC there is still a lot I don't quite understand so I'd be thankful if you could help me out:

If the purpose is only to store money and there is no need for withdrawal why would you use anything but BTC? For example if you have unverified PayPal or verified with CC or in some cases a real account it might get limited or even suspended for some stupid reasons so why risk it when stuff like that can't happen with BTC?

What is the best wallet for keeping BTC secure and how to do that?

First thing you need to do is to convert to XMR or ETH, then forget BTC and search for help in some other community. Bitcoin is now deeply hopeless, crash is very possible, Bitcoin is not scalable in praxis.

Bitshares - advanced decentralized exchange and asset platform.
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January 29, 2017, 09:10:23 AM
 #31

all purse in rekomedasikan to save BTC safe, it all depends on your own to keep, you have to tighten your purse to verify via email or phone number so that if someone enters the address of your wallet must have your permission to provide the code number of the mobile phone You.

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