I'm a newbie

[Chris44521]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

[1714852883]

1714852883

[1714852883]

1714852883

[Bitcoin_Arena]

Knowledge is power.
First off, you can start by learning a few basic things about bitcoin through this links
- Bitcoin whitepaper - https://bitcoin.org/bitcoin.pdf
- https://bitcoin.org ( you can learn more about how to secure your bitcoins and the best wallets when you explore)
- https://en.bitcoin.it/wiki/Main_Page

Don't rush to trade, invest or buying Bitcoin before learning the basics and how to avoid getting scammed
There is a lot more information you will learn if you hang around the forum

Welcome to the forum.

[Charles-Tim]

About bitcoin
Bitcoin is a digital currency and asset, it is decentralized, created in 2009 by Satoshi Nakamoto who also created this forum. Bitcoin are stored on blockchain, but bitcoin wallet store a key (private key) that unlock bitcoin from blockchain. You can send bitcoin to another bitcoin wallet or to another person having bitcoin wallet through addresses, the transaction takes an average of 10 minutes, miners are responsible for making the transaction successful and update the blockchain ledger. Bitcoin can be traded on exchanges, bitcoin is not anonymous but high level of privacy is maintained. There is a lot more about bitcoin, you can download one of the bitcoin ebooks through a link on this forum

https://bitcointalk.org/index.php?topic=5238586.msg54174185#msg54174185 to know about bitcoin.

About this forum
It was created by Satoshi Nakamoto also as said earlier, it was created after he created bitcoin, as a forum to learn about bitcoin, you can use the forum to ask question, you can also contribute new ideas on this forum, if you go through some threads, you will see how this forum is so helpful. If you like to be using the forum to post and ask question, you must abide to the forum rules

https://bitcointalk.org/index.php?topic=703657.0

You should also know about activities, merits, and some other aspects before you start posting

• Newbies - Read before posting

• FAQ: Everything you need to know about forum activity, account ranks and merit

You are welcome, just also know that this forum is not about making money or bitcoin, it is about learning and contributing about bitcoin and other aspects you will see in sections on the forum main page, but if your posts are of high quality and authentic, some will be merited, the more your merits and activities, the more you will rank up. In the process, you will be able to join a campaign that can pay you certain amount of bitcoin weekly, but know that this forum is not about money or bitcoin, it is about making quality posts making people learn or gain.

[actmyname]

Hello, Chris44521! What happened to the other 44520 Chrises?

Nowhere better than the Bitcoin Developer Guide to start with learning about the functionality of Bitcoin, in my opinion: https://developer.bitcoin.org/devguide/block_chain.html

I was able to glean a large amount of knowledge from there and I thought of it as a very good entry point, especially if you have any technical background at all in computer science or mathematics. Though taking a look at the whitepaper is also a welcome place to start, some parts of it can use polish and apart from historical and cultural significance, you would be hard-pressed to find someone recommending it as the best place for learning about Bitcoin.

Ask more questions than you're comfortable with. It will help to clarify everything to absolute certainty, and that's certainly no small incentive considering that you're dealing with currencies and finances. You should look at Bitcoin as spendable money.

[mk4]

Just going to add to the links already given. The default links I always give people who are new to Bitcoin:

Pretty much covers a good amount of Bitcoin basics: https://www.coindesk.com/learn/
Must read before you actually buy your first bitcoin: https://cryptosec.info/wallets/

Just a heads up: if you want to survive in this industry, you're going to need to spend a crap ton of time reading. The risks of losing money when going in blind is huge. And trust me when I say that I'm not over-exaggerating.

[fortunecrypto]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

Read read and watch a lot, this is how the correct ways to start, be careful in posting stuff here check the rules first, the forum and the internet is very rich on all the information you need to get you started, all you need to do is use the search bar from this forum, Youtube and Google and you will be fine

[Maus0728]

If you are pertaining to technical knowledge of bitcoin, then the links given above is sufficient enough in order for you to understand how bitcoin works under the hood.

And maybe, you can simultaneously read this e-book (google drive link) which can give you a philosophical point of why bitcoin matters in the long run.

[1] https://drive.google.com/file/d/1ldSYNJBGIOTPtS3-q0eP_UNon8XN9sJ6/view?usp=sharing (The Internet of Money V1)
[2] https://www.youtube.com/watch?v=l1si5ZWLgy0&list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

It is not obvious that I am an avid fan of Andreas Antonopolous no?

[Upgrade00]

First off, you can start by learning a few basic things about bitcoin through this links
- Bitcoin whitepaper - https://bitcoin.org/bitcoin.pdf

The Bitcoin whitepaper is not a basic aspect of Bitcoin, and I will only recommend it to newbies as a reference to understand the purpose of Bitcoin and it's origin, but it contains so many technical stuffs that would be difficult to understand.

Op, welcome to the forum, you have already gotten a handful of useful answers.

i need to know the dos and the donts about Bitcoin and this forum

One of the don'ts is; do not see Bitcoin or this forum as a get rich quick scheme, this is why most users fall victim to scams or get banned for trying to cheat the system. Always gain knowledge before trying to profit.
You can always use the SEARCH option at the top icons, when looking up anything Bitcoin related, there is a plethora of information on the forum, feel free to ask questions as well.

[Chato1977]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

never be greedy that is the main thing you must avoid to be if you want to be successful here in Crypto.

Always ready for the risk and maintain patience .

[Daniel91]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

Bitcoin have great potential but also can be  risk, like any other kind of investment in the world 😀
Only difference is that you can directly invest in crypto, and even be paid in crypto for the work done.
If I can suggest you,  don't invest money here before you learn more about btc and crypto.

[OcTradism]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.

Welcome to the forum, Chris!

Please start by reading Writing a welcome message

Who is the friend? Please don't tell me that is Google. Just kidding guys.

Let give me a post to help you with what I know.

Start with Search feature. With it, you can do simple search, by using keywords and username, message age, etc. Or you can do complex search.

Some topics on the search feature:
★ A Complete Guideline to use forum search button properly ★

If you focus only on bitcoin, on the forum you can visit following boards: Bitcoin Discussion and Bitcoin Technical Support

You do need wallets to store your bitcoin, and I recommend you to choose non-custodial wallets. I also warned you to not use custodial wallets because they are unsafe and you can neither have private keys nor controls of your funds.
Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.
Non-custodial wallet - Bitcoin Wiki
[General] Bitcoin Wallets - Which, what, why?
A summary sheet of wallets (Maus0728 is the creator of the sheet)
Electrum coin control features

Bitcoin Core if you have enough free storage space on your computer (around 500 GB in minimum). If you don't have such free data space, you can choose SPV wallets, one of them is Electrum.

Learn and practice to verify wallets for higher security and safety.

The electrum wallet has a short guide to verify GPG signature of Electrum. https://electrum.readthedocs.io/en/latest/gpg-check.html

How to Safely Download and Verify Electrum [Guide] gives more details to verify Electrum wallet.

Good topics on security and privacy

Some books:
Mastering Bitcoin 2nd Edition - Programming the Open Blockchain
Mastering the Lightning Network (LN)
Mastering Ethereum, by Andreas M. Antonopoulos, Gavin Wood

[Maus0728]

A summary sheet of wallets (Maus0728 is the creator of the sheet)

Oops! I just want to clarify that the link is not mine. The original source of that link is from [1] https://veriphi.io/en -- that website is a good resource for beginner who are looking for some in depth knowledge regarding bitcoin from various fields such as basic terminologies, wallet, legalities, blockchain etc..

The wallet comparison is from their blog called Extensive Bitcoin Software Wallets Feature Comparison. You might as well consider reading their blog contents here

P.S. I am not affiliated with veriphi

[Bitcoin_Arena]

First off, you can start by learning a few basic things about bitcoin through this links
- Bitcoin whitepaper - https://bitcoin.org/bitcoin.pdf

The Bitcoin whitepaper is not a basic aspect of Bitcoin, and I will only recommend it to newbies as a reference to understand the purpose of Bitcoin and it's origin, but it contains so many technical stuffs that would be difficult to understand.

The Bitcoin whitepaper is just 9 pages, of which the 9th page is only about references. While you claim that it's not the basic aspect of bitcoin, i would like to disagree with you here.
The whitepaper is easy to understand and once you have read through, you will at-least know how bitcoin works from transactions, Proof of work to privacy and a few other things.

The only part that i would presume hard for a newbie who hates mathematics would be that last bit of calculations as the WP concludes but that's no big deal if someone is determined to learn something.

Don't discourage the newbies from reading the whitepaper. It's part of the origin of Bitcoin.

[posi]

Welcome to the internet of money mate and i will advise you to read carefully to understand every link provided for you because they are more than enough to guard you right about what crypto currency investment entails and what you must know about this forum to avoid been penalize.

[virasog]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

First of all you have come to the right forum and a best forum in order to increase your knowledge about crypto and bitcoins. Secondly, note that bitcoin is a currency which is used in online transactions and in few physical shops/store also. Just try to learn about it and be careful not to get scammed as there are people who try to scam the new people by giving them interesting investments plans which later turn out to be scam.

[hunter7519]

Here's what you need to know as newbie cause I'm also newbie just like you.

https://bitcointalk.org/index.php?topic=1689727.0

https://bitcointalk.org/index.php?topic=5036308.msg46088206#msg46088206
 

[jademaxsuy]

Well it is natural that you start as a newbie in whatever you are interested. I don't have to tell you much and all I want to share is you should focus on learning first which many people in this forum did. If you have other skills that might be useful in crypto industry then why not put it to use.

[jossiel]

Hello Chris.

I would like to add that whenever someone says "Hey Chris, invest your bitcoins in this investment scheme and you will earn xx% profit per day/per hour" don't listen to them but do your research.

Ask the community or think of it if the return is viable and valid. Because the scammers that are attracting newbies to invest into an investment scam are targeting people like you.

You can hold bitcoin as is, it is already an investment and you have to keep it only to your chosen wallet and better if it's not an exchange wallet you'll keep it.

[Elite70]

In every investment there should always be a proper due diligence before diving into it. So in bitcoin we don't just buy and hold, or we don't just trade without proper knowledge about it or you end up broke. Cryptocurrency is not focused on bitcoin alone, there's thousands of different coins in the market to choose from.

[aioc]

I heard bitcoin is an online Gold, internet money and the number crypto but i need to know the dos and the donts about Bitcoin and this forum which i was introduced to me by a friend.
Thanks in advance

Your friend like you do not know much about Bitcoin, people are coming here thinking they can dig gold here and make money by posting here, this is not the case and it never was, you better take some time to study Cryptocurrency and Bitcoin there's something in your posts that tells me you need to do your home work.