How To Invest in Bitcoin - Getting Started Guide (2020)
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Spent the entire night reading this sub. Any tips on how and where I can start with bitcoin?
Hey guys, First of all great subreddit, I spent 5 hours looking through every single post and comment and now feel very inspired to buy and hold BTC. I’m so new to all of this, and just don’t know how to start and get my foot in the door. Any suggestions on how much to purchase, and from where? I was thinking of straight up buying $5000 worth of bitcoin now but then read about DCA and not sure if I should just make it a goal to buy consistently every week. Hope I’m making sense, any tips and tricks would be greatly appreciated!! Edit: I’m located in Australia if that changes anything
Is Proof of Stake the solution to the energy madness started with Bitcoin?
So far I really like the idea of cryptocurrency, but I really dislike the idea of Bitcoin. It's a giant waste of resources for no good reason. Even leaving the mining of it aside, "each Bitcoin transaction consumes 250kWh, enough to power homes for nine days." (bitcoins-insane-energy-consumption-explained). I just can't support something this inefficient. I'm currently learning about Proof of Stake (what-is-proof-of-stake/), and I wonder if that's the way forward to having an efficient cryptocoin - both in mining and transactions. I know very little in the grand scheme of how cryptocurrency works, so I wonder what do you guys think? Disclaimer: I realize many people on this subreddit have a vested interest, but please try your best to abstain from commenting based on it.
How many "I wanna start with Bitcoin" chats you had recently and what wallet+exchange you recommended and why?
I had like 4 chats with friends and recommended Bitbay as exchange (because it has good connection to Polish banking system and fast payout) and Bitcoin core as this is wallet as it is intended to be but you need to have fully sync blockchain that I am always mentioning.
First time I heard about bitcoin was back in 2012, it was one of my best friends who was a geek that told me (we were 14 years old), in 2014 (or 15) he built his first pc by selling off some of his bitcoin. I remember back then staying up for days trying to buy bitcoin after that (also wanted a pc) but 95% of places didn’t support my country and the rest, I was too young for. I even tried tor browser and some sites there, though they weren’t so appealing. It seems every now and then new technologies or markets come up and some of those who invest in them early or utilize them are greatly rewarded. So here’s my 2 questions for y’all, 1. When did you first hear of bitcoin and how? 2.Where do people who’ve heard of bitcoin from the start, the internet and such technologies find them? It seems if you truly believed in any of these early on you’d be well off now.
Hello, So I recently got interested in purchasing bitcoin and have been doing some basic reading, I think I get the basics. Since I don't fully understand the trading aspects yet, I am thinking of buying a small amount of bitcoin (as motivation to commit to this) which I won't touch for 6 months or a year, or until I feel ready to invest more and be active. So just to make sure I understood clearly, is this how it goes: Buy on Kraken-withdraw to non-custodial wallet of choice (thinking of blockstream Green)--print my seeds and secret words for a paper wallet, make a copy on a USB -keep safely If this very basic process is correct, I have some questions, once I print my seed and secret words can I just delete my digital wallet and a year from now open a new one and enter the seed or QR manually? Will I be charged for Kraken withdrawl or at any other point in the process? Is there anything else I should take in account? If it's not, what important step am I missing. Thanks in advance!
Hello, I wanted to get started with bitcoin because of a purchase i want to make on wich all traditional payment method have fees But i was wondering if i could just follow any recent guide or if it was different for the u.s./rest of the world vs here in canada And i there was any you guys would recomend for a newb with 0 experience Thanks
Hello Reddit, So I want to start with bitcoin, can anyone put me on the right track? show me the road? anything? Should I start by downloading a Bitcoin Wallet? or what is the first step? As I know, I can buy a gift card, or amazon online card and transfer it to a bitcoin? right? or should I buy a whole coin? I'm okay with any trusted videos or sites to learn what should I do Thanks in advance
I'm looking to get started with Bitcoin Cash. Where should I begin?
After hearing Roger's recent "store of value" talk on YouTube, I realized that he knows more about money and currency than anyone else in the crypto space... and I'm all in. So... how can I get started with Bitcoin Cash? Can it be used anywhere yet? Is this Bitcoin Cash's most popular discussion forum? What are some ways that I can help this project? This is the first time I've ever wanted to use and promote a crypto. Previously, I just wanted to speculate with it ($$$). Any resources or websites you can direct me to would also be much appreciated.
Few important things before you start investing in Bitcoins: Bitcoin is an excellent investment in today’s day. With the adoption of Bitcoin increasing across the globe, the prices are continuously surging. You can buy Bitcoin in the fraction as well. Ex: 0.1 Bitcoin or even 0.005 Bitcoin. It will take time to learn about all the aspects of ... Start with Bitcoin A Guide for Beginners. If you’re new to Bitcoin and curious to learn more, you’ve come to the right place. In just a few quick lessons, you’ll learn all the basics. 1. What is Bitcoin? Bitcoin is the internet’s native form of money. 2. How does Bitcoin work? This is where things get a little tricky, but it’s actually simpler than it seems at first. 3. What’s ... How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Whoever you are, Bitcoin is for you. Individuals, businesses, and developers: get the support you need with our simple guides. Watch 3 min. Bitcoin 101. Individual. Business. Developer. Start using money that’s free from bank charges, delays and fraud. Bitcoin security. How can I keep ... Ein Bitcoin (oder Teile davon) als Geldstück kann direkt von Mensch zu Mensch weitergegeben werden – wie unser Bargeld. Eine zentrale Stelle wie eine Bank ist für eine Überweisung nicht notwendig. Jeder kann Bitcoins besitzen und diese als Währung verwenden und weitergeben. Kontonummern können selber erstellt werden. Auch hierzu sind keine Banken notwendig. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls. Read more. Choose your wallet. Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online ...
9 Simple Techniques For Getting Started With Bitcoin ...
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