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Author Topic: Everything you need to know about the Bitcoin  (Read 130 times)
AStephen2011
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May 18, 2018, 03:57:09 AM
 #1

Bitcoin isn't claimed by anybody. Anybody can utilize it, yet there isn't an organization that is accountable for it. Bitcoin transactions are irreversible. This implies nobody, including banks, or governments can square you from sending or accepting bitcoins with any other individual, anyplace on the planet. With this flexibility comes the colossal obligation of not having any focal expert to whine to if something turns out badly. Much the same as physical cash, don't give outsiders a chance to hold your bitcoins for you, and don't send them to dishonest individuals online.
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May 18, 2018, 04:01:02 AM
 #2

you are right. too many things out there to be careful of
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May 18, 2018, 04:32:52 AM
 #3

Bitcoin...

The shortest summary of everything one needs to know about Bitcoin ever. Yet, it does quite a complete job.

The best advice - treat bitcoin like cash, don't entrust it with anyone!

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May 18, 2018, 04:40:43 AM
 #4

Bitcoin is a form of decentralized currency
Bitcoin isn’t owned by anyone. Think of it like email. Anyone can use it, but there isn’t a single company that is in charge of it.
Like everything, Bitcoin’s price is determined by the laws of supply and demand.
There are several ways to buy Bitcoin, but trusted exchanges are a great way to acquire Bitcoin.
 Like with every other form of currency, an exchange (like a bank) that stores your Bitcoin can be hacked and money stolen.
 
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May 18, 2018, 07:28:58 AM
 #5

Add that everyone is treating bitcoin not only as cash but also an asset.

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May 18, 2018, 07:33:37 AM
 #6

It's true with all that you say, that no one will be responsible for losing your bitcoin if you mis-transfer or lose bitcoin with anything else.

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May 18, 2018, 07:46:51 AM
 #7

What I know about bitcoin is that bitcoin has a decentralized system that everyone can see or see, and there's no cancellation after the bitcoin is sent, so we need to be more careful in trading in bitcoins or storing your bitcoin or paswod private key.
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May 18, 2018, 07:50:57 AM
 #8

unfortunately many people are afraid that one person owns Bitcoin formation and one day they will get all the money. and we can not tell these people. more precisely they do not want to understand.

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May 18, 2018, 07:57:44 AM
 #9

We know that this bitcoin is flexible, we can not send just anyone we do not know with the honesty we already know. because we can not sue in the event of fraud.


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May 18, 2018, 08:03:26 AM
 #10

Bitcoins as a peer to peer money transactions has come to stay and the freedom it offer to it holders are some of the reasons why banks and governments is always afraid of it. To let someone get access to your accounts as a result of poor security measures is to be blame on the holder but not on anyone.
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May 18, 2018, 08:14:39 AM
 #11

Bitcoin isn't claimed by anybody. Anybody can utilize it, yet there isn't an organization that is accountable for it. Bitcoin transactions are irreversible. This implies nobody, including banks, or governments can square you from sending or accepting bitcoins with any other individual, anyplace on the planet. With this flexibility comes the colossal obligation of not having any focal expert to whine to if something turns out badly. Much the same as physical cash, don't give outsiders a chance to hold your bitcoins for you, and don't send them to dishonest individuals online.

That's true. There are many people out there that trying to doing scam or foolish things to us and we never know maybe they are in beside us already so we better to be much careful in every moves or steps that we going to do. Be much smart and wiser. There are some hearsay that don't easily trust some one specially if you don't even know them better. It is better to trust only ourself so we can be much safer.


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May 18, 2018, 09:05:52 AM
 #12

But it has one big negative situation - if you make mistake in an address you can not return your money. Or if you had mistakes in zero like - 0,0001 and 0,00001. I understand that it will be only your fault but it can upset.

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May 19, 2018, 10:19:48 PM
 #13

You are absolutely right at each point. There are so many scam and dishonest people are running beside us. So it is to handle properly. All we just need to treat this as cash and be protective for its safety.
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May 19, 2018, 10:31:45 PM
 #14

ummm i always thinking like this. when i'm holding a bitcoin or other I became paranoid. I'm afraid to click on any bounty and aidrop sites
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May 20, 2018, 06:26:55 AM
 #15

Thanks for this informative post. I agree with you. You can never trust bitcoin with anyone. It is better to be conscious beforehand than to repent on loss later. Shocked
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May 20, 2018, 07:06:21 AM
 #16

This statement is little confusing for me because I don’t know why he is thinking like this where as each and every  people using this they are not suffering for bitcoin only bitcoin is of only cash but also a good asset for future so it will create value in future & lead the world and add new technology / System in business area.
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May 20, 2018, 10:17:15 AM
 #17

Bitcoin isn't claimed by anybody. Anybody can utilize it, yet there isn't an organization that is accountable for it. Bitcoin transactions are irreversible. This implies nobody, including banks, or governments can square you from sending or accepting bitcoins with any other individual, anyplace on the planet. With this flexibility comes the colossal obligation of not having any focal expert to whine to if something turns out badly. Much the same as physical cash, don't give outsiders a chance to hold your bitcoins for you, and don't send them to dishonest individuals online.
bitcoin is a very big investment asset we have to be very vigilant with everything it is smart to see opportunities and be careful with all the circumstances we will get


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May 20, 2018, 11:17:42 AM
 #18

It will be very difficult to lose your bitcoin if you are private and careful enough. It a good practice to check and recheck addresses before beginning any bitcoin transaction. Also it is advisable to avoid using faucet sites to get bitcoins while you have a reasonable amount of bitcoin in your wallet. Get a cold  storage or legder/trezor hardware wallets for intense safety of your btc. You don't have to risk losing millions by chasing pennies.
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May 20, 2018, 11:23:32 AM
 #19

the most important thing for me to know about bitcoin.
how to invest in bitcoin both trading, Mining, even how to get free coin so it can be used for additional capital investment in bitcoin. like joining a bitcointalk forum .

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May 20, 2018, 11:35:47 AM
 #20

You must realized before enter the cryptoworld,, that you  must be able to know the basic the concepts to other activity, specially to operate your wallet transaction and other basic information about all,,don't trust for anyone,, probably in the name of transaction,,,because you never know what is her motivation...
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