100% Newbie - page 2. | Bitcointalksearch.org

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: BTC_Flounder on November 05, 2015, 08:15:22 PM

A friend said I should sign up here? why?

I would think it has to do with it being the biggest and arguably possibly most important bitcoin forum to keep up on. Just a lot of info shows up here that you might have to search otherwise for.

So if you enjoy bitcoins you should enjoy the form, for the most part. If you don't like forums... then you might like news site format more like coindesk.

Miracal

sr. member

Activity: 350

Merit: 250

Quote from: erikalui on November 03, 2015, 07:03:30 AM

I trade my coins on ecoin.eu and you can also try this website or a website of your choice. Currently, the BTC price is high and so it's a good time to start and earn some profit. Mining is good for those bitcoiners who have access to free electricity only so I too haven't tried mining. You can choose to trade in gift cards as well and buy gift cards at 60%-70% and sell it for 80-90%.

I think the best way for a newbie to start would be on a good exchange. Mining is really time consuming and you will run up a huge electricity bill too. Better to go for a gift card or simply trade your coins.

Inkvor

hero member

Activity: 553

Merit: 500

Quote from: BTC_Flounder on November 05, 2015, 08:15:22 PM

A friend said I should sign up here? why?

make a new thread in this (meta) section and make the same post ,people will show one or the other way to stay or leave the forum.

BTC_Flounder

newbie

Activity: 5

Merit: 0

A friend said I should sign up here? why?

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Trading bitcoin is similar to FOREX trading. IF you are not familiar with currency trading maybe you should learn more before you do it with bitcoin.
The one thing you should know is volatility of bitcoin market, price is extremely unstable and can change +- 25% over night.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Inkvor on November 05, 2015, 02:29:54 PM

Quote from: Malrow on November 03, 2015, 04:00:54 AM

how I can earn more bitcoins so I can start trading?

so you want to start trading without knowing what bitcoin is ? also the subject '100% newbie' to much suspicous ?

Trading with altcoins is a easy way to lose money. Sure some will show amazing gains... but you really have to research the crap out of it and have some luck. So many are pump/dump you lose money holding long term.

Bitcoin in the easiest to sit on and hold. You don't have to trade it if new and unsure you can just hold it long term. It's much safer.

Inkvor

hero member

Activity: 553

Merit: 500

Quote from: Malrow on November 03, 2015, 04:00:54 AM

how I can earn more bitcoins so I can start trading?

so you want to start trading without knowing what bitcoin is ? also the subject '100% newbie' to much suspicous ?

coinyoo

full member

Activity: 210

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Welcome on board! This forum is a great community and the best place to start with and learn about Bitcoin!

Amph

legendary

Activity: 3248

Merit: 1072

right now there is not much to trade, it's a totally run-up, mini dump here and there are very hard to follow, unless you have abot, and it's all about bots, since ages

it's better to just buy and hold, don't do anything else

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: AltcoinInvestor on November 03, 2015, 04:23:35 PM

Mining is a tough market right now, even with the rising cost of bitcoin. If you have expensive electricity then forget about it. Also forget about mining anything with your CPU or GPU.

True, if your trying to mine straight bitcoin. However, you can setup a couple of relatively decent mid-range or better GPU's to mine an altcoin and then convert it to BTC. For example, 2x 7970's hashing about 46MH/day of ethereum will currently earn between ~$1.80-$2.02/USD/day

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Welcome and happy birthday!

Why do you want to start mining?

Why do you want to trade BTC?

Understanding your goals will help you decide what course to take - mining and trading may not get you to where you want to be.

VirosaGITS

legendary

Activity: 1302

Merit: 1068

Quote from: Mickeyb on November 03, 2015, 05:28:38 PM

Hey mate, welcome to the forum and to the Bitcoin world! Mining is pretty much dead for us ordinary people. The best thing to do is to forget about it completely.

You should learn, read and research Bitcoin and find yourself some spot in this ecosystem. There are many things to do, but you need to understand the technology first.

We are here to help you, with all of the questions that you might have!

Cheers!

With the BTC price as it is now, its even profitable to mine now at exorbitant electricity costs for people with S5's. So Calling it dead and recommending someone to just forget about all of it seem like a bit short on a proper recommendation.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Hey mate, welcome to the forum and to the Bitcoin world! Mining is pretty much dead for us ordinary people. The best thing to do is to forget about it completely.

You should learn, read and research Bitcoin and find yourself some spot in this ecosystem. There are many things to do, but you need to understand the technology first.

We are here to help you, with all of the questions that you might have!

Cheers!

AltcoinInvestor

sr. member

Activity: 294

Merit: 250

Mining is a tough market right now, even with the rising cost of bitcoin. If you have expensive electricity then forget about it. Also forget about mining anything with your CPU or GPU.

pukis

member

Activity: 79

Merit: 10

Quote from: Velkro on November 03, 2015, 11:50:47 AM

I would suggest bitcoin documentaries The Rise and Rise of Bitcoin and others. You will know a lot more about bitcoin and have fun also

Watched it yesterday, really good documentarie got me hooked on bitcoins

michietn94

legendary

Activity: 1274

Merit: 1001

Quote from: Malrow on November 03, 2015, 04:00:54 AM

Hi guys

I received my first bitcoin as a birthday present in October this year. But now I need to know how mining works and how I can earn more bitcoins so I can start trading? Anyone out there that can give me a quick training session to get started? I will greatly appreciate any assistance!

Thank you and have an awesome day

I can give you some advice to learning by doing is the great method for learning how to trade is haste.
For seeking some capital you can earn by faucet and re-collect again until you have enough value to buy prefered altcoin.
Then learn about graph history and you may predice what next value in the future. All you need is an experience before to be an expert Trader

Velkro

legendary

Activity: 2296

Merit: 1014

I would suggest bitcoin documentaries The Rise and Rise of Bitcoin and others. You will know a lot more about bitcoin and have fun also

Ulloa

sr. member

Activity: 364

Merit: 250

this helped site helped me out a lot:

http://www.cryptocoinsrevolution.com/

a lot of useful information on it

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: Malrow on November 03, 2015, 04:00:54 AM

Hi guys

I received my first bitcoin as a birthday present in October this year. But now I need to know how mining works and how I can earn more bitcoins so I can start trading? Anyone out there that can give me a quick training session to get started? I will greatly appreciate any assistance!

Thank you and have an awesome day

I suggest start out by reading about bitcoin in general and blockchain. That will be first things there is good info on the forums and videos on youtube even.

You should do a good amount of research before you start investing. If done wrong you will lose money. Also never invest more then you can lose. Stay away from scam investments.

As far as quick training there is not a magic way to train you quick. It will take reading and learning on your own, with help of forum. But you need to learn a lot on your own as someone teaching it all would be very time consuming for them.

erikalui

legendary

Activity: 2632

Merit: 1094

I trade my coins on ecoin.eu and you can also try this website or a website of your choice. Currently, the BTC price is high and so it's a good time to start and earn some profit. Mining is good for those bitcoiners who have access to free electricity only so I too haven't tried mining. You can choose to trade in gift cards as well and buy gift cards at 60%-70% and sell it for 80-90%.

Topic: 100% Newbie - page 2. (Read 2833 times)