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Nixle (OP)
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December 01, 2013, 04:28:46 AM
 #1

Hi,

I'm making this required post. I hate to gum up the boards, but I'm afraid if I need to ask for help or comment elsewhere thats not a newbie board (but is more appropriate) I won't be able to.

I'm not really into mining or buying bitcoins. I think its all out of my range. But I am fascinated by cryptocurrencies, so I am trying out some alt coins. I am also interested, once I get a grip on how it all works, to perhaps trade goods and services with BTC, but seeding it by earning them - not mining or buying them.

Things I'm terrified of: Getting scammed

Things that confuse me:
1. Can fractions of bitcoins be traded? I'm seeing a lot of posts were people will charge or give away .5 or .25 btc. Is that even possible and if so how?
2. Everything else.

Thats all about me. Also, the person on here with a similar handle...sorry about trying to log in with your name. One too many X's and I'll find myself in a strip joint. Fortunately, our passwords aren't identical.

Thats me.
Sindelar1938
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December 01, 2013, 06:39:42 AM
 #2

Yes fractions of btc are tradeable

Take your time to understand cryptos and the ecosystem

Lots of resources on here

Good luck


Nixle (OP)
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December 01, 2013, 07:31:52 AM
 #3

Thanks,

Thats definitely my plan. I'm sure I'm going to screw up somewhere if I don't, and getting scammed or keylogged etc. doesn't sound like a boatload of fun.

How does trading fractions work? Does it work identical to trading whole bitcoins, but you just enter a fraction in the wallet when sending? My brain keeps telling me that would be complicated since a bitcoin should be an isolated digital signature paid for solving a block....and if you split that up it feels like splitting an atom - it just wouldn't be an atom you could put back together anymore.  I'm sure I'll find it on here somewhere, but in browsing through all of the posts I feel fairly deluged, and know I need time to get a grip on things.
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