Basic: Knowledge about what is BITCOIN or Crypto currency (for newbie)

[mokong11]

Good Day mga Kuys
I created this thread to share about basic knowledge about Bitcoin or Crypto currency specially sa mga newbie member at newbie pa talaga pagdating sa Bitcoin at crypto currency ok to kasi nasa forum tayo ng bitcoin talk at hindi lang puro pag kita ang naiisip ng mga newbie hehe. ok lets start

WHAT IS BITCOIN??

I asked other people about bitcoin if they know it at karamihan ay hindi pa talaga alam kung ano nga ba ang bitcoin at kung para saan at kung ano gamit nito well here's the answer:

Bitcoin is an open source, p2p form of digital currency. What exactly does that mean? With Bitcoin, we have a “people’s currency” for the first time with no government or central figure controlling things like interest rates or inflation. Bitcoin transactions can’t be reversed, so users can receive payments without having to worry about chargebacks and the fees associated with them. At the same time, this feature means that you need to be careful with your coins; if you lose them, you can’t get them back. Because Bitcoin is peer to peer, fees for transactions are extremely minimal or even free.

Bitcoin takes a deflationary model. Only 21 million bitcoins are ever going to exist. There are no replacements, so lost coins are gone forever, making the supply even more scarce. This means that bitcoins will actually increase in value over time, unlike fiat currency that lose more and more value every year. credit-http://bitcoinist.com/knowledge-base//color]


Why use Bitcoin?

Bitcoin saves on fees. Merchants will sometimes pass these discounts onto their customers. One good example of this is Gyft, where you have a 3% discount when using Bitcoin to purchase gift cards.

Another excellent example of enticing customers to use Bitcoin is purse.io. Purse.io allows you to purchase anything off of Amazon, and set a discount of your choosing that is between 10% to 30%. 10% discounts on orders are guaranteed to be filled within 24 hours, and other amount discounts should be filled in relatively quickly.

You can find bitcoin accepting shops in directory sites for example here: Find bitcoin shops, markets and links

Besides saving money with merchants, sending money has never been easier. With the ability to send Bitcoin quickly and cheaply around the world, remittance services are running for their money.

Bitcoin also allows you to do many things that you couldn’t do conventionally. Because of the blockchain’s features, such as recording transactions permanently, you could for example sign documents proving that it is indeed yours.

You can also use multi signature wallets, with multiple people having to agree to a transaction before a transaction is made. This allows for small businesses to keep their money more secure. Multi signature wallets are ideal for companies that store their bitcoin and want to prevent someone from stealing funds. While they are typically more clunky to use, multisig wallets offer the security needed to prevent bad actors from harming the organization.

With Bitcoin you can implement a brain wallet. A brain wallet consists of a long phrase of letters that you have memorized. With this phrase you can access your Bitcoin from anywhere. It really is quite impressive that you can store money with essentially nothing but your brain.

Many people see Bitcoin as an investment vehicle. Bitcoin is essentially a high risk-high reward investment, on a scale like no other. Bitcoin’s value can fluctuate by over 30% on a daily basis, making a good target for day traders seeking a quick profit. All investing, however, involves risk/color]

How to use bitcoin??

Before you can use Bitcoin, there are two things you need. First is a wallet. A wallet is an application that runs on your computer, in the web, or on your phone. Wallets store your private keys and addresses. These are two fundamental parts of what makes a bitcoin transaction work, so make sure you have a working and up to date wallet before proceeding.

The second part you will need is bitcoin itself. There are a multitude of ways to get bitcoin, from buying them outright at exchanges to receiving them from selling goods or services.

How to keep your Bitcoin safe??

There are several ways to store your bitcoin, whether it’s in a lightweight wallet for easy transactions or beefier wallets with advanced features and extra security. There are even dedicated hardware wallets that sign transactions and keep your private keys secure, even on a compromised computer.

Then there are cold storage wallets, or offline wallets. These are used primarily for long-term storage, and are only brought online when you need to pull funds from them. These are normally printed out, and kept in a secure location so you can, at a later time, access the wallet.

Keeping offline on something more durable than paper is highly recommended, perhaps a laminated QR code or even a metal card. This insures accurate QR scanning and deters etching or other marks that could make reading the inscribed keys or QR codes difficult.

You can also send and receive bitcoins on a mobile device. QR codes, as well as NFC in the foreseeable future may be implemented to allow for even easier sending and receiving of Bitcoin than QR codes.

Lastly, there are online wallets. Most of them require you to trust a company because they are holding your bitcoins, with blockchain being a major exemption in that you store your private keys even though it’s online. Some people see this tradeoff just fine, as you’re able to access your wallet anywhere, assuming you have an internet connection. Some people don’t however, and believe trusting other people is against the principle of decentralization and what Bitcoin stands for. In the end, it’s all about what you value more. Convenience or security.

There is a difference between a hot wallet and online wallet, while online hosted wallets require trust in a third party, hot wallets can be user controlled yet the wallet is still actively connected to the network and ready to send Bitcoin on a moment’s notice.

What is 2FA

2FA, or Two-factor Authentication, is a popular option for securing sensitive information. 2FA was originally created for use outside of cryptocurrency, and has recently been adopted by cryptocurrency services.

2FA adds a second layer of security to online accounts, making users prove that they are the real owners of the accounts they are trying to access. With 2FA, a second password or one-time code is used. This 2FA code is usually sent via SMS, email, or mobile app.

For 2FA to be effective, your cellphone should also be encrypted. This ensures that even if hackers obtain your password, they would have to physically steal and access your cell phone as well to get into your account.

Many exchanges and mining pools  use 2FA — and they should. Security and privacy are two factors which must be balanced by companies to meet consumer demands.

Security doesn’t stop at 2 factors of authentication. It’s possible to add extra factors of security, whether that’s using many people in implementations like multi signature wallets, or biometric features such as fingerprint scanners. The possibilities are endless, and each consecutive factor increases security.

There are many phone apps that allow you to easily enable 2FA on supported accounts. The process is usually done by enabling 2FA, scanning the QR code, and then finally confirming the code.

After it’s setup, you will have to enter a code that the app provides every time you login to your account. This is an excellent deterrent against hackers and other infiltrators trying to access your sensitive information. The extra 15 seconds or so to check your phone for the code is definitely worth the added peace of mind 2FA can offer.

What is BLOCKCHAIN??

Arguably more important than Bitcoin is the blockchain. The blockchain is the public ledger for Bitcoin, and keeps track of every transaction made. This is publicly available, and anyone can view it.

Many things can be built on top of the Bitcoin blockchain, such as colored coins. These still have the security and basic features of Bitcoin, but they can represent completely different things. Blockchain technology is still being explored by both software developers and entrepreneurs looking to build on the protocol and establish new products and services. Blockchain technology has the ability to shape the financial industry going forward and will pave the way for new applications which empower individual users.

Bitcoin’s network is maintained in a decentralized manner, with everyone pitching in. The ability for a single entity to control the network is discouraged, with someone needing 51% or more of the mining power to attempt this. There is little to no incentive for trying to control the network due to the huge cost of attempting to stage such an attack, and the fact that there would be no benefit for the attacker.

Bitcoin is also pseudo-anonymous. Using bitcoins keeps your transactions safe as it’s more difficult to track transactions going from a string of digits to a different string of digits (addresses). You can even use mixers or other services to make your transactions harder to track. Bitcoin isn’t designed to be a completely anonymous technology, but rather one that empowers individuals and allows them to take control of their own finances.

That are the basic knowledge we need to know kung talagang papasukin mo ang crypto currency specialy Bitcoin. Hope na nakatulong sa mga bago palang talaga sa larangan ng bitcoin katulad ko so sharing thoughts lang. You can visit the site guys para mas marami pa kayo matutunan actualy hindi lang yan marami pa talaga dapat matutunan so yun lang. GOD BLESS keep earnings.

[manueleman]

Good Day mga Kuys
I created this thread to share about basic knowledge about Bitcoin or Crypto currency specially sa mga newbie member at newbie pa talaga pagdating sa Bitcoin at crypto currency ok to kasi nasa forum tayo ng bitcoin talk at hindi lang puro pag kita ang naiisip ng mga newbie hehe. ok lets start

WHAT IS BITCOIN??

I asked other people about bitcoin if they know it at karamihan ay hindi pa talaga alam kung ano nga ba ang bitcoin at kung para saan at kung ano gamit nito well here's the answer:

Bitcoin is an open source, p2p form of digital currency. What exactly does that mean? With Bitcoin, we have a “people’s currency” for the first time with no government or central figure controlling things like interest rates or inflation. Bitcoin transactions can’t be reversed, so users can receive payments without having to worry about chargebacks and the fees associated with them. At the same time, this feature means that you need to be careful with your coins; if you lose them, you can’t get them back. Because Bitcoin is peer to peer, fees for transactions are extremely minimal or even free.

Bitcoin takes a deflationary model. Only 21 million bitcoins are ever going to exist. There are no replacements, so lost coins are gone forever, making the supply even more scarce. This means that bitcoins will actually increase in value over time, unlike fiat currency that lose more and more value every year. credit-http://bitcoinist.com/knowledge-base//color]


Why use Bitcoin?

Bitcoin saves on fees. Merchants will sometimes pass these discounts onto their customers. One good example of this is Gyft, where you have a 3% discount when using Bitcoin to purchase gift cards.

Another excellent example of enticing customers to use Bitcoin is purse.io. Purse.io allows you to purchase anything off of Amazon, and set a discount of your choosing that is between 10% to 30%. 10% discounts on orders are guaranteed to be filled within 24 hours, and other amount discounts should be filled in relatively quickly.

You can find bitcoin accepting shops in directory sites for example here: Find bitcoin shops, markets and links

Besides saving money with merchants, sending money has never been easier. With the ability to send Bitcoin quickly and cheaply around the world, remittance services are running for their money.

Bitcoin also allows you to do many things that you couldn’t do conventionally. Because of the blockchain’s features, such as recording transactions permanently, you could for example sign documents proving that it is indeed yours.

You can also use multi signature wallets, with multiple people having to agree to a transaction before a transaction is made. This allows for small businesses to keep their money more secure. Multi signature wallets are ideal for companies that store their bitcoin and want to prevent someone from stealing funds. While they are typically more clunky to use, multisig wallets offer the security needed to prevent bad actors from harming the organization.

With Bitcoin you can implement a brain wallet. A brain wallet consists of a long phrase of letters that you have memorized. With this phrase you can access your Bitcoin from anywhere. It really is quite impressive that you can store money with essentially nothing but your brain.

Many people see Bitcoin as an investment vehicle. Bitcoin is essentially a high risk-high reward investment, on a scale like no other. Bitcoin’s value can fluctuate by over 30% on a daily basis, making a good target for day traders seeking a quick profit. All investing, however, involves risk/color]

How to use bitcoin??

Before you can use Bitcoin, there are two things you need. First is a wallet. A wallet is an application that runs on your computer, in the web, or on your phone. Wallets store your private keys and addresses. These are two fundamental parts of what makes a bitcoin transaction work, so make sure you have a working and up to date wallet before proceeding.

The second part you will need is bitcoin itself. There are a multitude of ways to get bitcoin, from buying them outright at exchanges to receiving them from selling goods or services.

How to keep your Bitcoin safe??

There are several ways to store your bitcoin, whether it’s in a lightweight wallet for easy transactions or beefier wallets with advanced features and extra security. There are even dedicated hardware wallets that sign transactions and keep your private keys secure, even on a compromised computer.

Then there are cold storage wallets, or offline wallets. These are used primarily for long-term storage, and are only brought online when you need to pull funds from them. These are normally printed out, and kept in a secure location so you can, at a later time, access the wallet.

Keeping offline on something more durable than paper is highly recommended, perhaps a laminated QR code or even a metal card. This insures accurate QR scanning and deters etching or other marks that could make reading the inscribed keys or QR codes difficult.

You can also send and receive bitcoins on a mobile device. QR codes, as well as NFC in the foreseeable future may be implemented to allow for even easier sending and receiving of Bitcoin than QR codes.

Lastly, there are online wallets. Most of them require you to trust a company because they are holding your bitcoins, with blockchain being a major exemption in that you store your private keys even though it’s online. Some people see this tradeoff just fine, as you’re able to access your wallet anywhere, assuming you have an internet connection. Some people don’t however, and believe trusting other people is against the principle of decentralization and what Bitcoin stands for. In the end, it’s all about what you value more. Convenience or security.

There is a difference between a hot wallet and online wallet, while online hosted wallets require trust in a third party, hot wallets can be user controlled yet the wallet is still actively connected to the network and ready to send Bitcoin on a moment’s notice.

What is 2FA

2FA, or Two-factor Authentication, is a popular option for securing sensitive information. 2FA was originally created for use outside of cryptocurrency, and has recently been adopted by cryptocurrency services.

2FA adds a second layer of security to online accounts, making users prove that they are the real owners of the accounts they are trying to access. With 2FA, a second password or one-time code is used. This 2FA code is usually sent via SMS, email, or mobile app.

For 2FA to be effective, your cellphone should also be encrypted. This ensures that even if hackers obtain your password, they would have to physically steal and access your cell phone as well to get into your account.

Many exchanges and mining pools  use 2FA — and they should. Security and privacy are two factors which must be balanced by companies to meet consumer demands.

Security doesn’t stop at 2 factors of authentication. It’s possible to add extra factors of security, whether that’s using many people in implementations like multi signature wallets, or biometric features such as fingerprint scanners. The possibilities are endless, and each consecutive factor increases security.

There are many phone apps that allow you to easily enable 2FA on supported accounts. The process is usually done by enabling 2FA, scanning the QR code, and then finally confirming the code.

After it’s setup, you will have to enter a code that the app provides every time you login to your account. This is an excellent deterrent against hackers and other infiltrators trying to access your sensitive information. The extra 15 seconds or so to check your phone for the code is definitely worth the added peace of mind 2FA can offer.

What is BLOCKCHAIN??

Arguably more important than Bitcoin is the blockchain. The blockchain is the public ledger for Bitcoin, and keeps track of every transaction made. This is publicly available, and anyone can view it.

Many things can be built on top of the Bitcoin blockchain, such as colored coins. These still have the security and basic features of Bitcoin, but they can represent completely different things. Blockchain technology is still being explored by both software developers and entrepreneurs looking to build on the protocol and establish new products and services. Blockchain technology has the ability to shape the financial industry going forward and will pave the way for new applications which empower individual users.

Bitcoin’s network is maintained in a decentralized manner, with everyone pitching in. The ability for a single entity to control the network is discouraged, with someone needing 51% or more of the mining power to attempt this. There is little to no incentive for trying to control the network due to the huge cost of attempting to stage such an attack, and the fact that there would be no benefit for the attacker.

Bitcoin is also pseudo-anonymous. Using bitcoins keeps your transactions safe as it’s more difficult to track transactions going from a string of digits to a different string of digits (addresses). You can even use mixers or other services to make your transactions harder to track. Bitcoin isn’t designed to be a completely anonymous technology, but rather one that empowers individuals and allows them to take control of their own finances.

That are the basic knowledge we need to know kung talagang papasukin mo ang crypto currency specialy Bitcoin. Hope na nakatulong sa mga bago palang talaga sa larangan ng bitcoin katulad ko so sharing thoughts lang. You can visit the site guys para mas marami pa kayo matutunan actualy hindi lang yan marami pa talaga dapat matutunan so yun lang. GOD BLESS keep earnings.

sir ask ko lang po kapag may mga tokens and coins ka na tapos na exchange mo na into peso papano po yong proseso tsaka pano nila yon pinapalit,diba po maraming tokens and coins yong iba nga wala pang value papano po yong value,papano nagkakaroon?

[Akitot]

Good Day mga Kuys
I created this thread to share about basic knowledge about Bitcoin or Crypto currency specially sa mga newbie member at newbie pa talaga pagdating sa Bitcoin at crypto currency ok to kasi nasa forum tayo ng bitcoin talk at hindi lang puro pag kita ang naiisip ng mga newbie hehe. ok lets start

WHAT IS BITCOIN??

I asked other people about bitcoin if they know it at karamihan ay hindi pa talaga alam kung ano nga ba ang bitcoin at kung para saan at kung ano gamit nito well here's the answer:

Bitcoin is an open source, p2p form of digital currency. What exactly does that mean? With Bitcoin, we have a “people’s currency” for the first time with no government or central figure controlling things like interest rates or inflation. Bitcoin transactions can’t be reversed, so users can receive payments without having to worry about chargebacks and the fees associated with them. At the same time, this feature means that you need to be careful with your coins; if you lose them, you can’t get them back. Because Bitcoin is peer to peer, fees for transactions are extremely minimal or even free.

Bitcoin takes a deflationary model. Only 21 million bitcoins are ever going to exist. There are no replacements, so lost coins are gone forever, making the supply even more scarce. This means that bitcoins will actually increase in value over time, unlike fiat currency that lose more and more value every year. credit-http://bitcoinist.com/knowledge-base//color]


Why use Bitcoin?

Bitcoin saves on fees. Merchants will sometimes pass these discounts onto their customers. One good example of this is Gyft, where you have a 3% discount when using Bitcoin to purchase gift cards.

Another excellent example of enticing customers to use Bitcoin is purse.io. Purse.io allows you to purchase anything off of Amazon, and set a discount of your choosing that is between 10% to 30%. 10% discounts on orders are guaranteed to be filled within 24 hours, and other amount discounts should be filled in relatively quickly.

You can find bitcoin accepting shops in directory sites for example here: Find bitcoin shops, markets and links

Besides saving money with merchants, sending money has never been easier. With the ability to send Bitcoin quickly and cheaply around the world, remittance services are running for their money.

Bitcoin also allows you to do many things that you couldn’t do conventionally. Because of the blockchain’s features, such as recording transactions permanently, you could for example sign documents proving that it is indeed yours.

You can also use multi signature wallets, with multiple people having to agree to a transaction before a transaction is made. This allows for small businesses to keep their money more secure. Multi signature wallets are ideal for companies that store their bitcoin and want to prevent someone from stealing funds. While they are typically more clunky to use, multisig wallets offer the security needed to prevent bad actors from harming the organization.

With Bitcoin you can implement a brain wallet. A brain wallet consists of a long phrase of letters that you have memorized. With this phrase you can access your Bitcoin from anywhere. It really is quite impressive that you can store money with essentially nothing but your brain.

Many people see Bitcoin as an investment vehicle. Bitcoin is essentially a high risk-high reward investment, on a scale like no other. Bitcoin’s value can fluctuate by over 30% on a daily basis, making a good target for day traders seeking a quick profit. All investing, however, involves risk/color]

How to use bitcoin??

Before you can use Bitcoin, there are two things you need. First is a wallet. A wallet is an application that runs on your computer, in the web, or on your phone. Wallets store your private keys and addresses. These are two fundamental parts of what makes a bitcoin transaction work, so make sure you have a working and up to date wallet before proceeding.

The second part you will need is bitcoin itself. There are a multitude of ways to get bitcoin, from buying them outright at exchanges to receiving them from selling goods or services.

How to keep your Bitcoin safe??

There are several ways to store your bitcoin, whether it’s in a lightweight wallet for easy transactions or beefier wallets with advanced features and extra security. There are even dedicated hardware wallets that sign transactions and keep your private keys secure, even on a compromised computer.

Then there are cold storage wallets, or offline wallets. These are used primarily for long-term storage, and are only brought online when you need to pull funds from them. These are normally printed out, and kept in a secure location so you can, at a later time, access the wallet.

Keeping offline on something more durable than paper is highly recommended, perhaps a laminated QR code or even a metal card. This insures accurate QR scanning and deters etching or other marks that could make reading the inscribed keys or QR codes difficult.

You can also send and receive bitcoins on a mobile device. QR codes, as well as NFC in the foreseeable future may be implemented to allow for even easier sending and receiving of Bitcoin than QR codes.

Lastly, there are online wallets. Most of them require you to trust a company because they are holding your bitcoins, with blockchain being a major exemption in that you store your private keys even though it’s online. Some people see this tradeoff just fine, as you’re able to access your wallet anywhere, assuming you have an internet connection. Some people don’t however, and believe trusting other people is against the principle of decentralization and what Bitcoin stands for. In the end, it’s all about what you value more. Convenience or security.

There is a difference between a hot wallet and online wallet, while online hosted wallets require trust in a third party, hot wallets can be user controlled yet the wallet is still actively connected to the network and ready to send Bitcoin on a moment’s notice.

What is 2FA

2FA, or Two-factor Authentication, is a popular option for securing sensitive information. 2FA was originally created for use outside of cryptocurrency, and has recently been adopted by cryptocurrency services.

2FA adds a second layer of security to online accounts, making users prove that they are the real owners of the accounts they are trying to access. With 2FA, a second password or one-time code is used. This 2FA code is usually sent via SMS, email, or mobile app.

For 2FA to be effective, your cellphone should also be encrypted. This ensures that even if hackers obtain your password, they would have to physically steal and access your cell phone as well to get into your account.

Many exchanges and mining pools  use 2FA — and they should. Security and privacy are two factors which must be balanced by companies to meet consumer demands.

Security doesn’t stop at 2 factors of authentication. It’s possible to add extra factors of security, whether that’s using many people in implementations like multi signature wallets, or biometric features such as fingerprint scanners. The possibilities are endless, and each consecutive factor increases security.

There are many phone apps that allow you to easily enable 2FA on supported accounts. The process is usually done by enabling 2FA, scanning the QR code, and then finally confirming the code.

After it’s setup, you will have to enter a code that the app provides every time you login to your account. This is an excellent deterrent against hackers and other infiltrators trying to access your sensitive information. The extra 15 seconds or so to check your phone for the code is definitely worth the added peace of mind 2FA can offer.

What is BLOCKCHAIN??

Arguably more important than Bitcoin is the blockchain. The blockchain is the public ledger for Bitcoin, and keeps track of every transaction made. This is publicly available, and anyone can view it.

Many things can be built on top of the Bitcoin blockchain, such as colored coins. These still have the security and basic features of Bitcoin, but they can represent completely different things. Blockchain technology is still being explored by both software developers and entrepreneurs looking to build on the protocol and establish new products and services. Blockchain technology has the ability to shape the financial industry going forward and will pave the way for new applications which empower individual users.

Bitcoin’s network is maintained in a decentralized manner, with everyone pitching in. The ability for a single entity to control the network is discouraged, with someone needing 51% or more of the mining power to attempt this. There is little to no incentive for trying to control the network due to the huge cost of attempting to stage such an attack, and the fact that there would be no benefit for the attacker.

Bitcoin is also pseudo-anonymous. Using bitcoins keeps your transactions safe as it’s more difficult to track transactions going from a string of digits to a different string of digits (addresses). You can even use mixers or other services to make your transactions harder to track. Bitcoin isn’t designed to be a completely anonymous technology, but rather one that empowers individuals and allows them to take control of their own finances.

That are the basic knowledge we need to know kung talagang papasukin mo ang crypto currency specialy Bitcoin. Hope na nakatulong sa mga bago palang talaga sa larangan ng bitcoin katulad ko so sharing thoughts lang. You can visit the site guys para mas marami pa kayo matutunan actualy hindi lang yan marami pa talaga dapat matutunan so yun lang. GOD BLESS keep earnings.

sir ask ko lang po kapag may mga tokens and coins ka na tapos na exchange mo na into peso papano po yong proseso tsaka pano nila yon pinapalit,diba po maraming tokens and coins yong iba nga wala pang value papano po yong value,papano nagkakaroon?

Spoon feeding na talaga? Try mo iyong MEW na wallet, basta ERC-20 yong token pwedi mo syang iconvert directly to ETH kapag may price value na sila, for the tokens' value naman, sa una wala munang value ang mga iyan, tapos kapag nag start na iyong marketing at may mga nga invest na, paunti unti ay magkakaruon ito ng mga value.

[Nakakapagpabagabag]

Good Day mga Kuys
I created this thread to share about basic knowledge about Bitcoin or Crypto currency specially sa mga newbie member at newbie pa talaga pagdating sa Bitcoin at crypto currency ok to kasi nasa forum tayo ng bitcoin talk at hindi lang puro pag kita ang naiisip ng mga newbie hehe. ok lets start


Bitcoin is also pseudo-anonymous. Using bitcoins keeps your transactions safe as it’s more difficult to track transactions going from a string of digits to a different string of digits (addresses). You can even use mixers or other services to make your transactions harder to track. Bitcoin isn’t designed to be a completely anonymous technology, but rather one that empowers individuals and allows them to take control of their own finances.

That are the basic knowledge we need to know kung talagang papasukin mo ang crypto currency specialy Bitcoin. Hope na nakatulong sa mga bago palang talaga sa larangan ng bitcoin katulad ko so sharing thoughts lang. You can visit the site guys para mas marami pa kayo matutunan actualy hindi lang yan marami pa talaga dapat matutunan so yun lang. GOD BLESS keep earnings.

sir ask ko lang po kapag may mga tokens and coins ka na tapos na exchange mo na into peso papano po yong proseso tsaka pano nila yon pinapalit,diba po maraming tokens and coins yong iba nga wala pang value papano po yong value,papano nagkakaroon?

Spoon feeding na talaga? Try mo iyong MEW na wallet, basta ERC-20 yong token pwedi mo syang iconvert directly to ETH kapag may price value na sila, for the tokens' value naman, sa una wala munang value ang mga iyan, tapos kapag nag start na iyong marketing at may mga nga invest na, paunti unti ay magkakaruon ito ng mga value.

Grabe Quote kaya ng bura ako ng kaunti,  Bali ang mga coins mo na matatanggap ay mapupunta muna iyan sa Erc20 wallet, (MEW) Tapos bawat tokens na iyan ay may exchanger kaya dapat ay lagi kang updated sa news nila. Marami talagang proseso yan para maging bitcoins at pwede mo itong maipalit sa Peso (PHP)

[angelah14]

A cryptocurrency is a digital asset design to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units and to verify the transfer of assets.
Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies.
Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain,which is a public transaction database functioning as a distributed ledger.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. since then, numerous other cryptocurrencies have been created. These are frequently called Altcoins, as a blend of alternative coins.

[Michelle Catan]

Bitcoin is unique in that there are a finite number of them..21 million.
Satoshi Nakamoto, bitcoin enigmatic founder, arrived at that number by assuming people would discover, or "mine," a set number of blocks of transactions daily.
Bitcoin  is divorced from governments and central banks. It's organized through a network known as blockchain, which is basically known as online ledger that keeps a secure record of each transaction all in one place.

[coinxwife]

Bitcoin is unique in that there are a finite number of them..21 million.
Satoshi Nakamoto, bitcoin enigmatic founder, arrived at that number by assuming people would discover, or "mine," a set number of blocks of transactions daily.
Bitcoin  is divorced from governments and central banks. It's organized through a network known as blockchain, which is basically known as online ledger that keeps a secure record of each transaction all in one place.

As of this moment i dont have enough knowledge what bitcoin is all about, all i know is we are working here by posting to earn some tokens, it is also in cryptocurrency i dont have any idea about this all i know that this is digital money...

[Dadan]

Bitcoin is unique in that there are a finite number of them..21 million.
Satoshi Nakamoto, bitcoin enigmatic founder, arrived at that number by assuming people would discover, or "mine," a set number of blocks of transactions daily.
Bitcoin  is divorced from governments and central banks. It's organized through a network known as blockchain, which is basically known as online ledger that keeps a secure record of each transaction all in one place.

Buti kapa marami kang alam about bitcoin ang alam ko lang ay nagtrabaho ako by posting para kumita, hindi ko pa kasi kabisado itong si bitcoin pero pinag aralan ko siya lalo na itong cryptocurrency, if i have enough knowledge about this i will share to newbies nanag adopt pa lang.

Okay lang yan bro ganyan din ako ng nag uumpisa pa lang ako dito sa bitcoin, hindi ko alam kung saan ako magsisimula pero marami ang nagsasabi na magsimula daw ako sa pag babasa dito sa bitcoin para lumawak daw ang kaalaman ko. Kaya kung ako sayo habang nag popost ka mag libot libot kana rin muna dito sa bitcoin para may matutunan ka.

[Marcogwapo]

Sasali na po sana ako sa signature campaign sir kaso diko po alam kung ano yung CURRENT POST COUNT AT AVATAR? pwede pong pakisagot sir?

[Anyobsss]

Sasali na po sana ako sa signature campaign sir kaso diko po alam kung ano yung CURRENT POST COUNT AT AVATAR? pwede pong pakisagot sir?

Ang current post count ay syembre bilang ng post mo ngayon

yung avatar naman ay yung picture sa ilalim ng pangalan at dahil Jr. Member ka pa lang hindi ka pa makakapag suot neto. Ang mga maari lamang mag suot ng avatar ay full member pataas.

[Jjewelle29]

Very informative po tong thread nato. pero meron po akong tanong pano po mag benta ng tokens pag wala dun sa exchange na nakasanayan mo. kasi eltherdata lang po yung alam kong exchange meron po ba kayong maiirecommend na ibang exchange or sites ng mga exchanges na mas mataas yung bilihan nila? Salamat po!

Ganyan talaga sa una po, karamihan yung mga baguhan palang is sa etherdelta at forkdelta ang una natutunan na mag buy o sell,  pero need mopo mag explore para matuto dapat mag search at mag basa basa ka po o tingin ka sa mga youtube tuitorial kung pano gamitin ang ibang exchange madami naman dyan legit pero ako ginagawa ko is abang abang kalang sa telegram ng token mo dun ka mag kuha info kung san ka magbebenta.

[jemerson1420]

para sa mga newbie ang bitcoin o kaya crypto currency ay isang sideline na makakapagkakitaan ng madalian kahit nasa bahay ka.

[jemerson1420]

Bitcoin is currency that we can work easily to answer question and bitcoin pay you for your working in this currency and bitcoin give you other question for your work .

[chickenado]

Good Day mga Kuys
I created this thread to share about basic knowledge about Bitcoin or Crypto currency specially sa mga newbie member at newbie pa talaga pagdating sa Bitcoin at crypto currency ok to kasi nasa forum tayo ng bitcoin talk at hindi lang puro pag kita ang naiisip ng mga newbie hehe. ok lets start

WHAT IS BITCOIN??

I asked other people about bitcoin if they know it at karamihan ay hindi pa talaga alam kung ano nga ba ang bitcoin at kung para saan at kung ano gamit nito well here's the answer:

Bitcoin is an open source, p2p form of digital currency. What exactly does that mean? With Bitcoin, we have a “people’s currency” for the first time with no government or central figure controlling things like interest rates or inflation. Bitcoin transactions can’t be reversed, so users can receive payments without having to worry about chargebacks and the fees associated with them. At the same time, this feature means that you need to be careful with your coins; if you lose them, you can’t get them back. Because Bitcoin is peer to peer, fees for transactions are extremely minimal or even free.

Bitcoin takes a deflationary model. Only 21 million bitcoins are ever going to exist. There are no replacements, so lost coins are gone forever, making the supply even more scarce. This means that bitcoins will actually increase in value over time, unlike fiat currency that lose more and more value every year. credit-http://bitcoinist.com/knowledge-base//color]


Why use Bitcoin?

Bitcoin saves on fees. Merchants will sometimes pass these discounts onto their customers. One good example of this is Gyft, where you have a 3% discount when using Bitcoin to purchase gift cards.

Another excellent example of enticing customers to use Bitcoin is purse.io. Purse.io allows you to purchase anything off of Amazon, and set a discount of your choosing that is between 10% to 30%. 10% discounts on orders are guaranteed to be filled within 24 hours, and other amount discounts should be filled in relatively quickly.

You can find bitcoin accepting shops in directory sites for example here: Find bitcoin shops, markets and links

Besides saving money with merchants, sending money has never been easier. With the ability to send Bitcoin quickly and cheaply around the world, remittance services are running for their money.

Bitcoin also allows you to do many things that you couldn’t do conventionally. Because of the blockchain’s features, such as recording transactions permanently, you could for example sign documents proving that it is indeed yours.

You can also use multi signature wallets, with multiple people having to agree to a transaction before a transaction is made. This allows for small businesses to keep their money more secure. Multi signature wallets are ideal for companies that store their bitcoin and want to prevent someone from stealing funds. While they are typically more clunky to use, multisig wallets offer the security needed to prevent bad actors from harming the organization.

With Bitcoin you can implement a brain wallet. A brain wallet consists of a long phrase of letters that you have memorized. With this phrase you can access your Bitcoin from anywhere. It really is quite impressive that you can store money with essentially nothing but your brain.

Many people see Bitcoin as an investment vehicle. Bitcoin is essentially a high risk-high reward investment, on a scale like no other. Bitcoin’s value can fluctuate by over 30% on a daily basis, making a good target for day traders seeking a quick profit. All investing, however, involves risk/color]

How to use bitcoin??

Before you can use Bitcoin, there are two things you need. First is a wallet. A wallet is an application that runs on your computer, in the web, or on your phone. Wallets store your private keys and addresses. These are two fundamental parts of what makes a bitcoin transaction work, so make sure you have a working and up to date wallet before proceeding.

The second part you will need is bitcoin itself. There are a multitude of ways to get bitcoin, from buying them outright at exchanges to receiving them from selling goods or services.

How to keep your Bitcoin safe??

There are several ways to store your bitcoin, whether it’s in a lightweight wallet for easy transactions or beefier wallets with advanced features and extra security. There are even dedicated hardware wallets that sign transactions and keep your private keys secure, even on a compromised computer.

Then there are cold storage wallets, or offline wallets. These are used primarily for long-term storage, and are only brought online when you need to pull funds from them. These are normally printed out, and kept in a secure location so you can, at a later time, access the wallet.

Keeping offline on something more durable than paper is highly recommended, perhaps a laminated QR code or even a metal card. This insures accurate QR scanning and deters etching or other marks that could make reading the inscribed keys or QR codes difficult.

You can also send and receive bitcoins on a mobile device. QR codes, as well as NFC in the foreseeable future may be implemented to allow for even easier sending and receiving of Bitcoin than QR codes.

Lastly, there are online wallets. Most of them require you to trust a company because they are holding your bitcoins, with blockchain being a major exemption in that you store your private keys even though it’s online. Some people see this tradeoff just fine, as you’re able to access your wallet anywhere, assuming you have an internet connection. Some people don’t however, and believe trusting other people is against the principle of decentralization and what Bitcoin stands for. In the end, it’s all about what you value more. Convenience or security.

There is a difference between a hot wallet and online wallet, while online hosted wallets require trust in a third party, hot wallets can be user controlled yet the wallet is still actively connected to the network and ready to send Bitcoin on a moment’s notice.

What is 2FA

2FA, or Two-factor Authentication, is a popular option for securing sensitive information. 2FA was originally created for use outside of cryptocurrency, and has recently been adopted by cryptocurrency services.

2FA adds a second layer of security to online accounts, making users prove that they are the real owners of the accounts they are trying to access. With 2FA, a second password or one-time code is used. This 2FA code is usually sent via SMS, email, or mobile app.

For 2FA to be effective, your cellphone should also be encrypted. This ensures that even if hackers obtain your password, they would have to physically steal and access your cell phone as well to get into your account.

Many exchanges and mining pools  use 2FA — and they should. Security and privacy are two factors which must be balanced by companies to meet consumer demands.

Security doesn’t stop at 2 factors of authentication. It’s possible to add extra factors of security, whether that’s using many people in implementations like multi signature wallets, or biometric features such as fingerprint scanners. The possibilities are endless, and each consecutive factor increases security.

There are many phone apps that allow you to easily enable 2FA on supported accounts. The process is usually done by enabling 2FA, scanning the QR code, and then finally confirming the code.

After it’s setup, you will have to enter a code that the app provides every time you login to your account. This is an excellent deterrent against hackers and other infiltrators trying to access your sensitive information. The extra 15 seconds or so to check your phone for the code is definitely worth the added peace of mind 2FA can offer.

What is BLOCKCHAIN??

Arguably more important than Bitcoin is the blockchain. The blockchain is the public ledger for Bitcoin, and keeps track of every transaction made. This is publicly available, and anyone can view it.

Many things can be built on top of the Bitcoin blockchain, such as colored coins. These still have the security and basic features of Bitcoin, but they can represent completely different things. Blockchain technology is still being explored by both software developers and entrepreneurs looking to build on the protocol and establish new products and services. Blockchain technology has the ability to shape the financial industry going forward and will pave the way for new applications which empower individual users.

Bitcoin’s network is maintained in a decentralized manner, with everyone pitching in. The ability for a single entity to control the network is discouraged, with someone needing 51% or more of the mining power to attempt this. There is little to no incentive for trying to control the network due to the huge cost of attempting to stage such an attack, and the fact that there would be no benefit for the attacker.

Bitcoin is also pseudo-anonymous. Using bitcoins keeps your transactions safe as it’s more difficult to track transactions going from a string of digits to a different string of digits (addresses). You can even use mixers or other services to make your transactions harder to track. Bitcoin isn’t designed to be a completely anonymous technology, but rather one that empowers individuals and allows them to take control of their own finances.

That are the basic knowledge we need to know kung talagang papasukin mo ang crypto currency specialy Bitcoin. Hope na nakatulong sa mga bago palang talaga sa larangan ng bitcoin katulad ko so sharing thoughts lang. You can visit the site guys para mas marami pa kayo matutunan actualy hindi lang yan marami pa talaga dapat matutunan so yun lang. GOD BLESS keep earnings.

Pretty extensive guide, i commend you for this. Malaking tulong ito sa mga newbies na investors and doon sa mga new members sa furom na nagplaplano mag invest ng bitcoin or any cryptocurrencies so to be guided sa mga dapat gawin at hindi gawin. Naremember ko noong bago pa ako madami din akong mga tanong at looking back tlagang napaka laking tulong sa akin at that time if babasa ko ito. Kaya good job👍

[AdoboCandies]

Great topic pero suggest ko lang sa iyo kabayan na i self moderated mo tong topic para madelete mo yung mga nag quo-quote ng post mo kasi mas nagiging mahaba yung thread tapos nagmumukhang makalat tapos suggest ko lang din na ayusin mo lang konti yung mga visual ng post para mas kaakit akit basahin tulad ng bold italicized underline at iba pa i utilized mo lang at iexplore mo yung mga BBcodes para mas appealing pero anyways great topic malaking tulong sa newbies.

[Cheezesus]

Maraming salamat sa pagexplain kung ano ang bitcoin. Sana meron ding tungkol sa mga Altcoins or tips kung papaano ang kalakaran ng bitcoin sa pilipinas.

[Anna Margarita Bereber]

Ang bitcoin ay isang cryptocurrency, na ginagamit sa pagtransact na hindi na kailangan pang makipag-ugnayan sa bangko. Ang founder nito ay gumagamit ng pangalan na Satoshi Nakamoto.

[jess04]

Well explained talaga. Bitcoin or Crypto currency will be the coins for the future. Para sa mga newbie basahin niyo ng maigi at intindhihin lahat ng mga comments dito kasi nakakatulong ito para sa inyo na mapalawak ang pang unawa sa Bitcoin at sa ibang crypto currency. Ganyan talaga kapag newbie kapa, katulad ko nuon halos ang oras ko ay nilalaan ko sa pagbabasa ng mga impormasyon na makakatulong sa pag intindi kong ano ba talaga ang Bitcoin or Crypto currency. So, keep on reading guys, soon you will be able to understand deeply about Bitcoin or Crypto currency.

[LogitechMouse]

Gumawa din ako ng simple video ko about Bitcoin for newbies. Nakakuha ako ng 5 merit para dito ung sa "merit for art" ni snipie noong uso pa ung mga ganito haha. Wala nga lang sound pero try niyo panoorin 5 minutes lang naman baka may mapulot kaung extra information bukod sa sinabi ni OP. Anyway salamat OP sa pag post ng thread na ganito 

https://www.youtube.com/watch?v=3dVkMq-VAfY&t=8s

[finaleshot2016]

Okay gumamit ng foreign language pero mas better kung tagalog kasi nasa local section tayo. All of the information indicated is makikita na sa Beginners Section kaya we can say na common topic na ito, since mga panahon pa nung mga hero members ngayon ay paulit ulit na yung topic na ganito. Di ko naman sinasabing bawal ang ganitong topic, kaya lang naman minsan nawawala na yung topic or contents niyo is baka may nakagawa na or most of the body of the contents ay copied from net. Pero mukha namang opinion and facts na alam mo talaga yung nasa contents so it's better kung magiging add-on siya sa existing topic na same sayo.

If you want to have more information about Bitcoin or any starting knowledge, may Beginners Section tayo at meron ding Bitcoin Discussion for more details about bitcoin.

Please do research more, yung pinaka deep ng cryptocurrency na maaaring hindi pa alam ng iba pang members. Please manage topics to their proper sections para mas maganda mag-gain ng idea dahil andon na lahat.