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kylevgriffin
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January 28, 2014, 01:13:17 PM
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Today I've started this little adventure, I have a few questions:
1. I've gone on the free sites to gain minute amounts of BTC, what's the best way to gain a sufficient amount, is it just mining?
2. Little debate here, obviously the BTC has grown massively, but, do you think something else could come up to match this virtual currency? Increase competition and bring the price of the BTC down?

I've opened a wallet, still haven't reached the ten thousandth decimal yet, one day! haha
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LiteCoinGuy
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January 28, 2014, 01:24:33 PM
 #2

1) buying, mining and selling stuff.

2) many things could happen. price could be zero tomorrow.

mstang83
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January 28, 2014, 05:22:22 PM
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Well, mining Bitcoin is difficult now and you have to buy specialized ASIC hardware to mine it.  If you want Bitcoin your best option is to buy it (and hold it if you want to invest).  If you are in the US, I recommend Coinbase to buy BTC using your US bank account.

If you are getting started in mining, I recommend using your computer to mine an alternate cryptocurrency and exchange it for BTC using exchange services like Cryptsy.  See http://coinchoose.com/ to see which coin is most profitable to mine.

Welcome to the community and good luck on your mining ventures!

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January 28, 2014, 05:49:30 PM
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Hi! welcome to the community.

many greetings!
hilariousandco
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January 28, 2014, 05:57:25 PM
 #5

Today I've started this little adventure, I have a few questions:
1. I've gone on the free sites to gain minute amounts of BTC, what's the best way to gain a sufficient amount, is it just mining?
2. Little debate here, obviously the BTC has grown massively, but, do you think something else could come up to match this virtual currency? Increase competition and bring the price of the BTC down?

1) You're not gonna gain much if anything at all mining unless you invest in expensive equipment. If you want to mine, go far one of the crapcoins that you can easily trade to BTC.
2) Doubt anything will come close unless it's truly revolutionary. I'm sure Litecoin will keep on rising even though it'll always be far behind.

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January 29, 2014, 05:44:03 PM
 #6

Today I've started this little adventure, I have a few questions:
1. I've gone on the free sites to gain minute amounts of BTC, what's the best way to gain a sufficient amount, is it just mining?
2. Little debate here, obviously the BTC has grown massively, but, do you think something else could come up to match this virtual currency? Increase competition and bring the price of the BTC down?

I've opened a wallet, still haven't reached the ten thousandth decimal yet, one day! haha

Welcome Smiley

1. Apart from mining and buying bitcoin directly, you can sell your goods or services (translation, programming, etc) in bitcoin.
2. It could be. Who can imagine bitcoin could be such a success 4 years ago?
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January 30, 2014, 08:30:32 AM
 #7

Hi and welcome!

1) Buyingand trading/selling stuff or even mining.

2) This is an uncertain World... Many things can happen. Or not.  Wink

Coinroll - Bitcoin Gambling

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January 30, 2014, 03:48:13 PM
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nice to see that I'm not the only newbie here  Smiley
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January 30, 2014, 05:00:11 PM
 #9

Today I've started this little adventure, I have a few questions:
1. I've gone on the free sites to gain minute amounts of BTC, what's the best way to gain a sufficient amount, is it just mining?
2. Little debate here, obviously the BTC has grown massively, but, do you think something else could come up to match this virtual currency? Increase competition and bring the price of the BTC down?

I've opened a wallet, still haven't reached the ten thousandth decimal yet, one day! haha

You may try multiple free faucets to fill up your wallet. For one u my start off with my signature.
secbc
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January 30, 2014, 08:24:18 PM
 #10

Do whatever you would normally do to earn money, but ask to be paid in Bitcoin

I have a feeling these days faucets are going to take a verrrry long time.
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January 31, 2014, 12:48:16 AM
 #11

1) buying, mining and selling stuff.

2) many things could happen. price could be zero tomorrow.
Not true - btc has too much support and too much money invested to go to 0 in 1 day, also if a crash happened there allways will be people willing to invest at complete lows like 50$ so worst case scenario bitcoin might lose 90% of its current value within few weeks.


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empoweoqwj
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January 31, 2014, 04:00:22 AM
 #12

1) buying, mining and selling stuff.

2) many things could happen. price could be zero tomorrow.
Not true - btc has too much support and too much money invested to go to 0 in 1 day, also if a crash happened there allways will be people willing to invest at complete lows like 50$ so worst case scenario bitcoin might lose 90% of its current value within few weeks.

Absolutely true. Its a small risk but risk nonetheless. We could find out NSA invented bitcoin. There could be major bug found in bitcoin protocol. Someone could launch a successful 51% attack. Many other possible "gotchas", all small risk, but all could kill bitcoin in a day.
Sonny
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January 31, 2014, 03:39:20 PM
 #13

1) buying, mining and selling stuff.

2) many things could happen. price could be zero tomorrow.
Not true - btc has too much support and too much money invested to go to 0 in 1 day, also if a crash happened there allways will be people willing to invest at complete lows like 50$ so worst case scenario bitcoin might lose 90% of its current value within few weeks.

Absolutely true. Its a small risk but risk nonetheless. We could find out NSA invented bitcoin. There could be major bug found in bitcoin protocol. Someone could launch a successful 51% attack. Many other possible "gotchas", all small risk, but all could kill bitcoin in a day.


well, maybe not to complete 0 in a day.
But it could crash any day, and be killed...
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