ChangeTip

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

r/bitcoin vs r/buttcoin: It's all fun and games, till someone gets shot in the eye.

bitcoin vs buttcoin: It's all fun and games, till someone gets shot in the eye. submitted by justacointoon to Bitcoin [link] [comments]

Just for fun... Gold and Bitcoin chart similarity (Warning: This chart means nothing!)

Just for fun... Gold and Bitcoin chart similarity (Warning: This chart means nothing!) submitted by LeeWallis to Bitcoin [link] [comments]

An analysis of Stability and Spikes

Earlier today I posted a chart showing that price stability appeared to be a strong leading indicator for price increases. The response has been overwhelmingly positive, and I'd like to thank everyone that upvoted, commented, asked a question and left a tip. I do apologise for those that I didn't thank personally (I didn't want to clutter the thread too much) but allow me to show my appreciation by giving you even more analysis!
Calculating Stability - Methodology This is the layout of my spreadsheet at present:
Column A - Date Column B - Daily bitcoin close price (from coindesk) Column C - LN(Column B) Column D - Variance(Column C and previous 9 days) Column E - 1 / Column D
What does this do then? It takes the log of the price of bitcoin, then the variance of that over the last 10 days to get a measure of the % fluctuation in bitcoin's price. The higher the value, the greater the volatility in price over those 10 days. But we want stability, so we take the inverse of that.
Charts Charting price on a log axis against stability to 23rd July gives us the following: http://i.imgur.com/avD61d7.png
It's quite clear that whenever we have a strong period of stability, a noticeable increase in price isn't too far behind.
(In my original post I accidentally said I'd used a 7 day variance, not 10. This changes the magnitude, but not the pattern: http://i.imgur.com/eY6kRig.png )
Forecasts and Interpretation We've identified 3 spikes (A, B and C) that appear to signal a coming increase in price. This chart shows how the price reacted following each of those spikes - click here to zoom.
Clearly there's a lot of variation in the level and timing of the price increase, which I've summarised in this nice little table.
What to do from here? I think I'll start updating the first chart on a regular basis showing daily stability, adding that into the daily discussion thread.
Once it looks like peak stability has been and gone I'll declare that as Day Zero, and will start tracking the price against previous days since peak stability.
No Cults All of this is based on something occuring 3 times in a row. Please none of the "Days until bubble: Peak Stability Date + (67 or 100 days)" nonsense. This is not a guarantee that a bubble's on the way! I know it's a pattern that most of us want to see, but don't let that cloud your judgement. This is not a scientific fact, merely a pattern.
Improving the methodology? I need to get my hands on OHLC or hourly data to improve my meaure of stability, which I believe gergi has supplied me with - I just need to find the time to extract that and update accordingly.
Anyway, I've given you my approach so you can all play around and see what patterns you find. Perhaps setting the variance to more or less than 10 days gives different results? Perhaps using a data source besides coindesk gives an alternative view? Go out there and see what you can uncover!
tl;dr When we have price stability we see an increase in price shortly after. This ranges from +165% to +1610% and can take 67 to 100 days. This is based on 3 observations. A sustained price decrease has never followed stability. We are currently experiencing price stability.
submitted by azop to BitcoinMarkets [link] [comments]

[uncensored-r/Bitcoin] /r/Bitcoin FAQ - Newcomers please read

The following post by BinaryResult is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
reddit: /Bitcoin/comments/6jlop4
The original post's content was as follows:

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
  • Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary.
  • Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
  • Accountable - The public ledger is transparent, all transactions are seen by everyone.
  • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.
  • Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
  • Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
  • Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.
  • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
  • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
  • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
  • Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.
  • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
  • Nearly instant - From a few seconds to a few minutes depending on need for confirmations. After a few confirmations transactions are irreversible.
  • Peer-to-peer - No intermediaries with a cut, no need for trusted third parties.
  • Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply remembering a string of words for wallet recovery.
  • Scalable - Each bitcoin is divisible down to 8 decimals allowing it to grow in value while still accommodating micro-transactions.
  • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
  • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
  • If you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
  • 1-3% savings over credit cards or PayPal.
  • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
  • Accept business from a global customer base.
  • Increased privacy.
  • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin ?BTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (?L) or micrometre (?m)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
  • 0.02 BTC
  • 20 mBTC
  • 20,000 bits
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[HIRING]Paying 1000 bits per link submission (details inside)

I'm looking for any significant articles, posts or videos relating to future bitcoin price predictions that are not already listed on www.bitcoinspeculation.net
I will pay 1000 bits via changetip for any predictions you guys can find that are not already listed.
Please ensure the links contain some substance and are not simply one line forum posts. I reserve the right to refuse any tips for links that are dead or of poor quality.
Thank you
submitted by weaknurse to Jobs4Bitcoins [link] [comments]

/r/Plex Lifetime Plex Pass Raffle Contest!

/Plex Lifetime Plex Pass Raffle Contest!

The contest is over. The winners have been announced below. Congratulations to the winners!

Reminder: You still have the opportunity to buy a lifetime Plex Pass for $119 USD while it is on sale!
Hello /Plex users!
Thanks to everyone for making /Plex such a great subreddit. We, the mods, have seen a lot of people helping out with great responses, and a lot of good discussion going on. We grew quite a bit this past year. In order to give back to the community, in the holiday spirit, we will be doing a Lifetime Plex Pass contest. Good luck to everyone!
The contest will be run as a raffle. Each entry is $1, up to a maximum of $10 (10 entries) per person. The entry period will be closed on Sunday, December 18, 2016, at 11:59:59pm PST. See the conversion to your timezone here. The drawing for the winner will be done shortly afterwards.
If you want to buy your own lifetime Plex Pass, it is currently discounted to $119 USD.
Please read the full contest rules below.

Contest Rules

  1. This contest is a raffle.
  2. Each entry is $1 USD (rounded down to the nearest whole dollar amount), up to a maximum of $10 (10 entries) per person. If you enter more than $10, you will only receive 10 entries. Entries beyond $10 USD will be void and invalid.
  3. Entries must be submitted using SwiftPanda16's PlexPy donation links below. Any other methods will not be accepted and your entries will void and invalid. (Do not use SwiftPanda16's ChangeTip donation link.)
  4. You must provide your Reddit username in the donation message (see "How to Enter" below) for the entry to be valid, otherwise the entry will not be associated with your account. Failure to include your Reddit username will result in your entry being void and invalid.
  5. Your Reddit account must be registered on or before Sunday, December 11, 2016. Reddit accounts registered after this date are not eligible for the contest.
  6. The total number of Plex Passes given away awarded will be based on the price of the lifetime Plex Pass at the time of the drawing that each Plex Pass is "unlocked" based on the total dollar amount of the entries received (see "Total Entries" below). If the price goes back up to $150, then, unfortunately, there will be fewer Plex Passes given away.
  7. 100% of the valid entries will go towards purchasing of Plex Passes. The more entries that are received, the more Plex Passes that will be given away! We (/Plex mods) will personally be funding the difference up to the next whole number Plex Pass(es). At least one Plex Pass will be given away.
    • Example: If the contributions total $200, we will fund the last $40 so that there will be two Plex Passes given away.
  8. Each user can only win a maximum of one (1) Plex Pass. Once a user has been selected, that user will be removed from the pool of entries for the drawing of the next Plex Pass.
  9. The selected winner(s) will be selected using Random.org after the entry period has closed.
  10. The selected winner(s) will be announced in this thread after the drawing (see "Winners" below).
  11. The selected winner(s) will be contacted and have 24 hours to respond. If the selected winner(s) does not respond within 24 hours, a new winner(s) will be selected until all Plex Passes are given away.
  12. Chances of winning will be based on the total number of entries received (see "Total Entries" below).
  13. /Plex mods are not eligible for the contest.
  14. Raffle entries will not be refunded after they have been received.

How to Enter

IMPORTANT: You must enter your Reddit username in the donation message for the entry to be valid and associated with your Reddit account.
NOTE: If you are buying more than one entry, please do so with one single transaction, instead of multiple $1 transactions, otherwise it will add additional PayPal fees.

Enter the contest here: Enter using PayPal | Enter using Bitcoin*

* Your number of Bitcoin entries will be calculated based on the BTC to USD conversion rate (rounded down to the nearest whole dollar amount) at the time of the entry.

Total Entries

The info below will be periodically updated to show the total number of entries.
  • Last updated: Monday, December 19, 2016 at 8:32 am PST
  • Current number of valid entries: $964.00 (964 entries)
  • Current number of invalid entries: $63.97 (63 entries)
  • Current number of Plex Passes: 8 Plex Passes
Some pretty charts and tables:
Plex Pass Date Unlocked Contribution from Entries Contribution from Mods
1 (Proof) 2016-12-12 $119.99 $0.00
2 (Proof) 2016-12-12 $119.99 $0.00
3 (Proof) 2016-12-13 $119.99 $0.00
4 (Proof) 2016-12-13 $119.99 $0.00
5 (Proof) 2016-12-14 $119.99 $0.00
6 (Proof) 2016-12-16 $119.99 $0.00
7 (Proof) 2016-12-16 $119.99 $0.00
8 (Proof) 2016-12-18 $124.07 $-4.08
Number of Entries Chances of Winning Rate of Return
1 0.83% 118.99x
2 1.65% 59.00x
3 2.47% 39.00x
4 3.28% 29.00x
5 4.09% 23.00x
6 4.89% 19.00x
7 5.68% 16.14x
8 6.47% 14.00x
9 7.25% 12.33x
10 8.03% 11.00x

Winners

Congratulations to the users listed below! You are now the owner of a shiny new lifetime Plex Pass!
Users have been contacted, and have 24 hours to respond in order to claim their prize.
Edits:
  • (2016-12-12 10:13 pm) Update to rule #6.
  • (2016-12-12 11:02 pm) Update to rule #8, 9, 10, 12, 14.
submitted by SwiftPanda16 to PleX [link] [comments]

Does anyone remember Bitcoinbillionaire? Their changetips would now be worth about a million dollars

This kind stranger gave out $13k in bitcoin on Reddit using changetip when it was worth $100-200 a coin (during the bubble burst from $200 to $100)
That's somewhere between $700k and $1M in today's money. Here's to you Bitcoinbillionaire, I hope you're still here and HODLing on. And I hope the guy who got the 10btc tip didn't cash out.
submitted by BaggaTroubleGG to Bitcoin [link] [comments]

Sensationalist media need to chill - a 5 megawatt farm burning down does not disrupt or destroy the Bitcoin network... Please... We are over 300 Petahash.

Sensationalist media need to chill - a 5 megawatt farm burning down does not disrupt or destroy the Bitcoin network... Please... We are over 300 Petahash. submitted by AnalyzerX7 to Bitcoin [link] [comments]

I've taken on a part-time community support position with ChangeTip

Quick history

Like many of you, I first heard about bitcoin years ago, but didn't get involved due to difficulty procuring any actual bitcoin. As time went on, bitcoin kept popping onto my radar. The April '13 bubble, the Silk Road bust, the guy who bought $27 worth of bitcoin in '09, only to forget about it until its value appreciated to $886k, the guy who threw away a hard drive containing $7.5 million worth of bitcoin. And of course, people tipping bitcoin across reddit via bitcointip.
This seemed like something I needed to know more about, so I subbed to /bitcoin to start reading more. That was September '13, right at the onset of the December '13 bubble. It was also at the height of the Edward Snowden story, so bitcoin overlapped well with my interest in privacy and encryption. It didn't take long for me to be consumed by the technology's potential.
I began making Moronic Monday threads every week for the past year. Huge thanks to all the askers and answerers! As I've said in the past, the most rewarding thing about answering questions about bitcoin is to see people reach a point where they can start answering questions too.
Back then, I had been experimenting with bitcointip and was left wanting more. Enter changetip. I signed up about a year ago and was quite impressed, even though it was still pretty rough around the edges. I made countless feature requests and bug reports to help improve the service, and was invited to help moderate the /changetip sub soon after.
A couple months later, I applied to help moderate /bitcoin. With a good deal of patience and guidance from other mods, I've grown to be rather effective over the past year.
Here's a rough breakdown of the 15,000+ mod actions I've made on /bitcoin in the past six months:
ban user unban user remove post approve post remove comment approve comment
85 25 5810 1715 3045 4644
Overall I would say that helping to moderate /bitcoin has been very rewarding. My goal from the beginning has been to try and raise the level of civil discourse around here, and while success is certainly debatable, I like to think I've made a positive impact. It's been stressful at times, but I've made some good friends and had countless discussions with some really brilliant people which has made it a worthwhile experience.

Get to the point already...

I was passing through San Francisco back in January and took the opportunity to spend the day with the ChangeTip team. We really clicked and I made several new friends. They struck me as being very knowledgeable, determined, and extremely passionate about driving bitcoin adoption. We talked at length about the difficulties that new users have with getting their first bitcoin, and what changetip can do to help.
I was recently approached by ChangeTip with an offer to formalize our relationship. The team has been working very hard since I've known them and have experienced substantial growth. This has resulted in their support channels being a little overwhelmed at times, and they're looking for a few people who are familiar with the service to help write documentation and assist with support issues. This includes consolidating user feedback to help make a better service for their users.
Shortly after receiving the offer, I opened a discussion with my fellow mods to determine whether or not they felt my acceptance of the position would be an insurmountable conflict of interest with my mod duties. The mods were supportive of the news and assured me that several mods review logs to watch what other mods are doing, and they will inform me if they feel that I'm acting in a biased manner. I always strive to maintain objectivity, so this point is important for me. In the past, I have asked other mods to moderate threads where I felt that I was too closely involved to make proper judgements, so I believe my ability to remain objective speaks for itself. Therefore, I'm confident that my impartiality will remain largely unaffected by taking on a role with ChangeTip.
We finalized our arrangement last week. My highest priority upon accepting this position has been to write this announcement to notify everyone of my new role. That includes putting together a few tipping stats to share with you because we've all been very eager to see how things have been going. Other priorities include getting up to speed with ChangeTip's support backend, familiarizing myself with tipping on other platforms to better assist users, and helping to write documentation about the service's features. Beyond that, I'm hoping we will implement a forum or chatroom at the main changetip site where users from all the different platforms can come together to help each other out and have a good time.

Stats

Since January 1st 2014, ChangeTip has attracted ~75,000 users who have connected ~120,000 social accounts. These users have sent ~225,000 tips, of which ~73% were collected. The total cumulative USD value of tips sent is ~$250,000 and ~$190,000 was collected, leaving ~$60,000 in tips refunded to the original sender. The average tip amount across all platforms is has fallen to ~$0.91, while the average tip amount on reddit is only ~$0.37... we can do better!
My Excel-fu isn't the greatest, but I've managed to cobble together some charts, hopefully without errors. Please keep in mind that I'm not a data analyst.
This chart shows the growth in the number of users, social accounts, and tips over the past year.
Cumulative User & Tip Growth
This one shows four different ways of looking at the total tipping volume over the past year. The left axis is for USD and the right axis is for BTC.
Cumulative Tip Volume
This last chart is interesting to me, but I'm not sure what we can glean from it. It shows the USD and BTC amounts tipped per day on a log scale. I interpret it as showing that 1) tip volume decreases when the price of bitcoin decreases, and 2) the divergence of the two lines indicates that the btc amount of tips has continued to grow, the usd amount of those tips has decreased due to the sustained bear market. For example, when 1000 bits were tipped one year ago, they were worth $.55, but today that same tip is only worth $.25... Maybe I can visualize this in Excel with some more time, but it's not a high priority right now.
Daily Tip Volume

In closing...

I'm very grateful that the folks at ChangeTip have given me this opportunity, and I'm excited to be a part of such a driving force for bitcoin adoption. The platform has proven to be a simple, low-risk way to introduce people to their first bits, which is why I believe the ChangeTip community will continue to raise awareness for bitcoin across social media. Furthermore, I've been seeing the success of changetip when pitted head to head against PayPal over in /millionairemakers and it reinforces my belief that ChangeTip has a good chance at becoming a major player in online remittance.
TL;DR: I'm now working for ChangeTip part-time. I will continue to help moderate as usual, but will defer most tip-related mod actions to my fellow mods except for the most obvious cases. The only difference you might notice is that I won't be tipping as much, but I will be working very hard to help provide the most enjoyable user experience possible.
submitted by BashCo to Bitcoin [link] [comments]

Does price have a seasonal component? (and other findings)

Howdy everyone, azop here with something completely different to the stability stuff I've been looking at the past week or so.
Quite a few members here believe there's less people trading around summer, and this causes a lower price relative to identical conditions in other times of the year. So let's test that.
Here's a chart showing the price decomposed into the underlying trend, the seasonal component and unexplained movement.
Seasonality If we focus on just the seasonal aspect it becomes quite clear that there's actually a price increase in June, whereas late July is typically neutral. It's not until August and September that we see a decline in price relative to other times of the year. As such, I don't believe that the "summer holidays" theory holds much weight for any previous activity, but it could well be a factor for the next two months.
Trend Statistically, underlying growth has slowed down lately - though it is still definitely positive. Note that we did have a brief decline in the trend in early 2012 which didn't last very long before returning upwards.
Remainder This technically shows all of the unexplained activity that can't be attributed to a seasonal or trend component - essentially the bubbles. According to this the foundations of a bubble started in early June. If there's any interest in tracking this alongside my stability daily just let me know, but we need a name for it that doesn't have the word "bubble" in it! I don't want to get crucified...
Methodology I used the STL function in R to generate all of the above. You can do a bit of reading here, or just google "STL R" for more info.
Other techniques I didn't post this in the daily as I wanted to generate some lasting discussion. Obviously we're a tad limited with only 4 years of data, but that'll still give us a reasonable read on seasonality. If anyone wants to crunch some numbers using alternative seasonality techniques I'd love to read all about it!
submitted by azop to BitcoinMarkets [link] [comments]

Stop. Look far. Describe it Get 10 bits

Mine is a plastic purple flower on top of a tall brown cabinet.
I bet you are in front of mobile/monitor for a long time, so by doing this, not only you get bits but your eyes will thank me for letting it relax and focus something else for a while.
submitted by Wun_Lai to BitTippers [link] [comments]

This time it's different

Hi Bitcoin,
This recent run up feels similar to others in many ways.
But there is one thing that is much much Different: No MTGOX !
To the Mooooon!
submitted by cryptotraveler to Bitcoin [link] [comments]

How do traders choke emotions?

First of all, I am not a native English speaker so I don't know if "choke" is the right word in this context, but I hope you will understand what I mean after reading the text.
Everytime I attempt to trade Bitcoins with a small percentage of my Bitcoin reserve, I am full of emotions. I watch the price every day, either on the smartphone with the Bitcoin Checker app (great app btw!) or on the computer and I often tend to panic sell/buy when I see major short term price movements, just to see the price rising/dropping shortly after selling/buying. I often tell myself things like "this is just a pump and dump", "it's just market manipulation or insider trading" or "the price rises/falls without any relevant news, so don't panic buy/sell", but then I think "well, maybe we are done with the long term downward trend" or "the price HAS to fall a bit lower, I will enter again when it's low enough". So I often buy back or sell coins for a loss.
Although I have learned a lot in the last few months, I am still a total noob in trading Bitcoins. Especially because I'm too emotional I think. So to move on and learn more and better about Bitcoin trading, I think the first thing I have to lose is that emotional part. So my questions to you guys is: how do you choke your emotions when you are trading? Are you just checking the chart and price less often, or are there any strategies that you use? Although emotion is a normal feeling, especially when it's your money and you don't want to lose much of it or miss a good opportunity to get more of it, there has to be a way to reduce them significantly in my opinion because good traders seem to not show any emotion when there are small price up/down movements.
I plan to spend at least 50% (maybe more) of my coins, hold 30% for the long term and with 20% (maybe less) I want to trade short term price movements. So it's not that I'm just here to use Bitcoin as a trading vehicle, but a part of me wants it and I think it's okay to trade with a small percentage of your coins IF YOU KNOW HOW TO DO IT RIGHT.
Thanks in advance!
EDIT: Guys, tons of thanks for taking the time to write down so many tips and tricks - I'm sure they will help me a lot! What a great community! Thanks to all of you.
EDIT 2: Tomorrow I will try to figure out how changetip works - your kindness should get rewarded!
EDIT 3: Sorry for the delay - I figured out how changetip works and I donated to the contributions that I liked the best. Thank you guys for helping me out! Hopefully, I can give more in the future if your great tips and tricks work out ;-)
submitted by Freefallr to BitcoinMarkets [link] [comments]

Next time you hear about how "user adoption is growing" - it would appear that ChangeTip creates a wallet for each and every tip.

I just shoved several butters' tips that I received straight into the maw of the Bitcoin Eater wallet address (1 2 3 4) ... and it would appear to me that for each and every transaction, there is a new source "wallet" address?
I haven't been paying close attention to the exact mechanics of how the butters pass around their imaginary funbux to each other ... but if every single ChangeTip spam means a new "wallet" is being created that would seem to seriously undermine charts like this one which seem to make the butters think that adoption is growing.
I could be wrong on this (someone please correct me if so).
submitted by TheyCallMeRINO to Buttcoin [link] [comments]

Experiment: Earning My First Bitcoin

This is my story on how I earned my first Bitcoin, and what I learned along the way. In December of 2013 I downloaded Bitcoin-QT after hearing about the meteoric rise of Bitcoin. At the time the price was in correction from the all time high of 1163 and was at 651. I had missed the train. At this time I started to visit Bitcoin more. I didn’t understand a thing I was reading. It’s like I stumbled across another language, with so many references to concepts that were completely foreign to me. I am by no means a computer expert. My competence level is average.
The highly technical language used in this sub and in the Bitcoin spaces is a barrier of entry to non-tech savvy individuals. But it is also an attraction for people who have a thirst for knowledge. And once you understand the technical side of Bitcoin it becomes more attractive. By its very nature Bitcoin is a self sustaining unit of account that is incorruptibly honest. Reading those words is entirely different from understanding what they mean. And once you do understand what they mean, what Bitcoin means, Attraction Amplified. So after lurking for a while and learning the basics, I came to this simple conclusion. I wanted it. But I honestly couldn't justify out right buying it.
So I set myself a goal. I’ll try earning just .1 bitcoin. Looking back, this took me way too long because I sticked with the faucets and paytoclick sites for way too long. But once I got go my first .1 BTC in February of 2015 I set myself a new goal. To earn one Bitcoin. My first Bitcoin wasn’t going to be mined or bought, but Earned. And 5 months latter I achieved that goal. By doing this I learned so much about the Bitcoin ecosystem.
Chart of earnings over time. Blue is earnings per day. Red is total earnings over time.
http://i.imgur.com/Y6cgH5z.png
The first thing I learned was that faucets are a huge waste of time for earning Bitcoin. But they’re nice to begin with just to get a feel for the mechanics of transactions.
The second thing I learned was that I could earn on average around 1500bits per day using Bitcoinget to do small online tasks, like visiting sites or doing short surveys. But, I have a love hate relationship with Bitcoinget. On the one hand, I’ve earned a good amount with them. But on the other hand, their jobs suck balls. The majority of the tasks on their site are not worth the time to complete, and many don’t work properly. The key is to know which tasks are worth doing and which are not. One in ten tasks on Bitcoinget are worth doing, and that’s being generous. But by using Bitcoinget I was able secure a steady supply of Bitcoin. Shameless Referral link if anyone feels like signing up: http://www.bitcoinget.com/?r=1MienR4vFattHj6XSZjKjDiwDqgxGeq67n
Chart for how much Bitcoinget and the other earning methods contributed as a percent to the 1 BTC goal. http://i.imgur.com/4qj2S82.png
The third method I learned for earning Bitcoin was giveaways. Changetip and sign up bonuses from sites like circle were very lucrative for the time spent on singing up. Just by visiting Bitcoin regularly you can get a fair amount of Bitcoin through giveaways.
The fourth method for earning BTC, and the most profitable, was using Jobs4bitcoins. My first job I took for this method was video editing for some kind of school project/feminist propaganda. The second job I took from Jobs4bitcoins was a excel research project, finding the smart phone penetration rates throughout Africa. This last job tipped me over the edge of .95BTC to 1.25BTC. Both jobs paid quite fairly for the task involved. Protip: never submit work before receiving payment first/use an escrow service.
Jobs4Bitcoin is hands down going to grow into something more. There is huge potential for people around the world to connect with someone else with the skills they need for quick work. Bitcoin enables this seamlessly and empowers individuals to pick and choose their work for themselves. So, shameless plus #2, if you need someone who is good at excel/researching literature/synthesizing large amounts of data, I’m your guy. Video editing too!
Along the way I’ve learned the Bitcoin lingo, set up multiple wallets using Armory, Electrum and Mycelium. I discovered the wonderful world of multi-sig addresses, and the benefits they offer for security. I’ve also learned how to store the backups for these in exotic offline devices like calculators and digital cameras. I’ve even attended a Bitcoin ATM release event, Cool stuff.
Conclusion: Bitcoin is simply amazing and amazingly simple in its simplicity. Overall it’s been a fun experiment, and I’m glad I did it, but this is definitely not a method for everyone. Buying from an exchange or ATM is much faster to acquire BTC. This is why I’ve joined an exchange and plan on buying some more BTC.
My new goal is 2.1 BTC, but I don’t think I’ll be satisfied until that coveted 21 BTC mark. 1 in 10 million here I come, 1 in a million one day soon. Maybe one day when we’re all grey and weary with the years of Bitcoin reaching planet after planet past the moon, I’ll tell my great-great-great-grandchildren that I earned my first Bitcoin. And they’ll either ask me, “what’s a Bight-coin?” or stare at me in silent wonder. I don't know where Bitcoin is going. But I do know that I want it. Other people want it. And there's only ever going to be 21 million.
I had fun writing this post and I hope you enjoyed reading it. Here's to drinking the moon-aid.
submitted by Fiach_Dubh to Bitcoin [link] [comments]

Story: How I Earned My First Bitcoin

Re-posting this because it's a good story :P
This is my story on how I earned my first Bitcoin, and what I learned along the way. In December of 2013 I downloaded Bitcoin-QT after hearing about the meteoric rise of Bitcoin. At the time the price was in correction from the all time high of 1163 and was at 651. I had missed the train. At this time I started to visit Bitcoin more. I didn’t understand a thing I was reading. It’s like I stumbled across another language, with so many references to concepts that were completely foreign to me. I am by no means a computer expert. My competence level is average.
The highly technical language used in this sub and in the Bitcoin spaces is a barrier of entry to non-tech savvy individuals. But it is also an attraction for people who have a thirst for knowledge. And once you understand the technical side of Bitcoin it becomes more attractive. By its very nature Bitcoin is a self sustaining unit of account that is incorruptibly honest. Reading those words is entirely different from understanding what they mean. And once you do understand what they mean, what Bitcoin means, Attraction Amplified. So after lurking for a while and learning the basics, I came to this simple conclusion. I wanted it. But I honestly couldn't justify out right buying it.
So I set myself a goal. I’ll try earning just .1 bitcoin. Looking back, this took me way too long because I sticked with the faucets and paytoclick sites for way too long. But once I got go my first .1 BTC in February of 2015 I set myself a new goal. To earn one Bitcoin. My first Bitcoin wasn’t going to be mined or bought, but Earned. And 5 months latter I achieved that goal. By doing this I learned so much about the Bitcoin ecosystem.
Chart of earnings over time. Blue is earnings per day. Red is total earnings over time.
http://i.imgur.com/Y6cgH5z.png
The first thing I learned was that faucets are a huge waste of time for earning Bitcoin. But they’re nice to begin with just to get a feel for the mechanics of transactions.
The second thing I learned was that I could earn on average around 1500bits per day using Bitcoinget to do small online tasks, like visiting sites or doing short surveys. But, I have a love hate relationship with Bitcoinget. On the one hand, I’ve earned a good amount with them. But on the other hand, their jobs suck balls. The majority of the tasks on their site are not worth the time to complete, and many don’t work properly. The key is to know which tasks are worth doing and which are not. One in ten tasks on Bitcoinget are worth doing, and that’s being generous. But by using Bitcoinget I was able secure a steady supply of Bitcoin. Shameless Referral link if anyone feels like signing up: http://www.bitcoinget.com/?r=1MienR4vFattHj6XSZjKjDiwDqgxGeq67n
Chart for how much Bitcoinget and the other earning methods contributed as a percent to the 1 BTC goal. http://i.imgur.com/4qj2S82.png
The third method I learned for earning Bitcoin was giveaways. Changetip and sign up bonuses from sites like circle were very lucrative for the time spent on singing up. Just by visiting Bitcoin regularly you can get a fair amount of Bitcoin through giveaways.
The fourth method for earning BTC, and the most profitable, was using Jobs4bitcoins. My first job I took for this method was video editing for some kind of school project/feminist propaganda. The second job I took from Jobs4bitcoins was a excel research project, finding the smart phone penetration rates throughout Africa. This last job tipped me over the edge of .95BTC to 1.25BTC. Both jobs paid quite fairly for the task involved. Protip: never submit work before receiving payment first/use an escrow service.
Jobs4Bitcoin is hands down going to grow into something more. There is huge potential for people around the world to connect with someone else with the skills they need for quick work. Bitcoin enables this seamlessly and empowers individuals to pick and choose their work for themselves. So, shameless plus #2, if you need someone who is good at excel/researching literature/synthesizing large amounts of data, I’m your guy. Video editing too!
Along the way I’ve learned the Bitcoin lingo, set up multiple wallets using Armory, Electrum and Mycelium. I discovered the wonderful world of multi-sig addresses, and the benefits they offer for security. I’ve also learned how to store the backups for these in exotic offline devices like calculators and digital cameras. I’ve even attended a Bitcoin ATM release event, Cool stuff.
Conclusion: Bitcoin is simply amazing and amazingly simple in its simplicity. Overall it’s been a fun experiment, and I’m glad I did it, but this is definitely not a method for everyone. Buying from an exchange or ATM is much faster to acquire BTC. This is why I’ve joined an exchange and plan on buying some more BTC.
My new goal is 2.1 BTC, but I don’t think I’ll be satisfied until that coveted 21 BTC mark. 1 in 10 million here I come, 1 in a million one day soon. Maybe one day when we’re all grey and weary with the years of Bitcoin reaching planet after planet past the moon, I’ll tell my great-great-great-grandchildren that I earned my first Bitcoin. And they’ll either ask me, “what’s a Bight-coin?” or stare at me in silent wonder. I don't know where Bitcoin is going. But I do know that I want it. Other people want it. And there's only ever going to be 21 million.
I had fun writing this post and I hope you enjoyed reading it. Here's to drinking the moon-aid.
Update: In the 1 and 5 million club as of today :)
submitted by Fiach_Dubh to Bitcoin [link] [comments]

Daily Bitcoin Chart Analysis - 8/14/19 WOW! WHATS NEXT FOR BITCOIN!? MORE DOWNSIDE?? TA charts Crypto prediction, analysis, news, trading Tipping Tuesday -- Tip $2 to the Bitcoin Media Today! 2015 08 15 Litecoin LTC on 4 Exchanges for 8 hours 150x ChangeTip Goes Viral -- HashFast No More -- Ruble Down, Bitcoin Up!

Bitcoin utilizes SHA-256 encryption for both its Proof-of-Work (PoW) system and transaction verification, complimenting ChangeIP’s focus on privacy and security. Alipay works like an escrow service, solving the issue of settlement risk in China. ChangeIP also recently launched a Virtual Private Network (VPN) service that provides a secure tunnel between its clients and the Internet with a ... Bitcoin News ProTip Offers a New Way of Bitcoin Tipping. After success of ChangeTip, the bitcoin based tipping and micropayments platform, there are many other companies cropping up with similar ... A bitcoin Candlestick Chart is so-called because the individual data plot points of a simple chart are replaced by a candlestick shape vertical rectangle with a wick at the top and bottom. Popular Bitcoin micro-tipping platform Changetip announced they would shut down shortly. After running the service for over two years, it seemed this was only a matter of time. Despite over ... When it comes to tipping people with bitcoin, ChangeTip is probably the first service that comes to mind. Recently, they have launched a challenge, perfect for the holiday season — The ChangeTip Bitcoin #SocialGiving Challenge. While this is not the first time the digital currency is linked to charitable causes, the campaign aims to bring meals to many of the homeless living in Philadelphia, PA.

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Daily Bitcoin Chart Analysis - 8/14/19

BEARS IN CONTROL OF BITCOIN or CAN THE BULLS PULL THE STRINGS AGAIN?? Don't forget to subscribe, like, comment and share the video! Thanks for the support!! My Wife's CRYPTO MERCH page: https ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Learn how to read stock charts and identify technical patterns as ClayTrader does a quick stock chart review on Bitcoin (Bitcoin). Watch more Bitcoin Technical Analysis Videos: https://claytrader ... This Bitcoin Chart Could Change Everything (Critical Level) - Duration: 11:53. Alessio Rastani 66,128 views. 11:53. Bitcoin & NYSE live stream! pump or dump? Bitcoin Prices are up almost 7% with WinkDex reporting a last of $370, a high of $370 and a low of $348. Litecoin is at $3.73 cents a coin. Litecoin is at $3.73 cents a coin. Share -- Like and ...

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