Bitcoin Forum
December 12, 2017, 05:16:36 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: New to it all!  (Read 1069 times)
kylevgriffin
Newbie
*
Offline Offline

Activity: 1


View Profile
January 28, 2014, 01:13:17 PM
 #1

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
1513098996
Hero Member
*
Offline Offline

Posts: 1513098996

View Profile Personal Message (Offline)

Ignore
1513098996
Reply with quote  #2

1513098996
Report to moderator
1513098996
Hero Member
*
Offline Offline

Posts: 1513098996

View Profile Personal Message (Offline)

Ignore
1513098996
Reply with quote  #2

1513098996
Report to moderator
1513098996
Hero Member
*
Offline Offline

Posts: 1513098996

View Profile Personal Message (Offline)

Ignore
1513098996
Reply with quote  #2

1513098996
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513098996
Hero Member
*
Offline Offline

Posts: 1513098996

View Profile Personal Message (Offline)

Ignore
1513098996
Reply with quote  #2

1513098996
Report to moderator
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
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
Full Member
***
Offline Offline

Activity: 171



View Profile
January 28, 2014, 05:22:22 PM
 #3

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!

Arandelo
Newbie
*
Offline Offline

Activity: 24


View Profile
January 28, 2014, 05:49:30 PM
 #4

Hi! welcome to the community.

many greetings!
hilariousandco
Gold Member
Global Moderator
Legendary
*
Online Online

Activity: 1498


How does one bitcoin?


View Profile WWW
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.

Sonny
Hero Member
*****
Offline Offline

Activity: 868


View Profile
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?
Dux2K
Hero Member
*****
Offline Offline

Activity: 840


Blocklancer - Freelance on the Blockchain


View Profile
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

[fX665GSjkGyrckCzk]
plateex
Member
**
Offline Offline

Activity: 70


View Profile
January 30, 2014, 03:48:13 PM
 #8

nice to see that I'm not the only newbie here  Smiley

btc_dev
Jr. Member
*
Offline Offline

Activity: 42


View Profile
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
Newbie
*
Offline Offline

Activity: 4


View Profile
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.
bitgeek
Sr. Member
****
Offline Offline

Activity: 462



View Profile
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.


███████████████████████████████
███████████████████████████████
████████████████████████████████
████████████████████████████████
██████████████████████████████████
██████████████████████████████████████████
█████████████████████████████████████████
███████████████████████████████████████
█████████████████████████████████████
█████████████████████████████████████
█████████████████████████████████████
███████████████████████████████████
█████████████████████████████████████
█████████████████████████████████████

.

.

.

Online.BTC.Bingo

.

.

.*500%.CASH.BACK.+.INSTANT.BONUS
..PROGRESSIVE.JACKPOT
..NO-DOWNLOAD.CLIENT
.

.

.

EPIC.FUN.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518


View Profile
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
Hero Member
*****
Offline Offline

Activity: 868


View Profile
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...
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!