Topic: Im so newbie in BTC ! PLIS HALP MEEH T_T (Read 1368 times)

It does show how many days you wallet is behing, not circa time till it will be fully synced.

I don't use Bitgo, but from its website description, it looks to be working as a 2-of-3 multisig wallet with you having 2 keys and Bitgo having the remaining key. So, if the site get hacked, the hacker will not be able to spend your bitcoin as he has only 1 key. And if the site gets shut down, you can still use your 2 keys to spend your bitcoin.

Well, if something happens to BitGo (shutdown, hacked, etc.(not saying it would)), what would happen to your Bitcoins?

Plenty of users store their Bitcoins offline, and also make plenty of backups of their wallet.

I'd go against storing large amounts of Bitcoins (eg. more than 1) online, unless you're able to secure it enough.

This thread can give you a good background if you ever choose to go with cloudmining.
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

But I'm afraid it's still not recommended. Just buy bitcoin and hodl.

The best thing to do is simply make backups of your wallet.dat and store it in a separate (SECURE) location. If your computer gives up the ghost, you can still recover your bitcoin from your backups anywhere.

Your wallet has to download the entire blockchain. It'll take some time.

You can't link your BitGo wallet and your Bitcoin Core wallet. The best you can do is send the Bitcoins to each other.

How can i loose money in BitGo since its powered by BitCoin, Right? However for me, Its more dangerous on BitCoin core because when your PC got fucked up and reformatted then GOODBYE $$$$. Any suggestion please ?

I am personally using bitcoin core as my primary wallet, but the so called "blockchain" is very large. The blockchain is a puplic record that stores all transaction ever made with bitcoin.
I think for you, a "thin" client would be a better choice, e.g. Electrum. - a "thin" client do not need to download the entire blockchain.

Look here "chose your wallet":
https://bitcoin.org/en/choose-your-wallet

I would strong advice you not to keep you bitcoins on any online webpage - you will lose money.
Also keep in mind that bitcoin gives you freedom to control you own funds "be your own bank", but it also gives you the freedom to fuck up and loose your bitcoin.
Educate your self about how to safely store bitcoins, before holding any large sums.

LoL! You made me crazy, and so confused. Thats what im waiting for , dat answer! , I thought BitGo is a WALLET for Bitcoin core PC.

Yes, this is the most important thing. It's too late for mining. And cloud mining, uh, they are just scams. Better safeguard your money. But never except money to grow much unless you earn it.

Yes, you can ofcourse send and receive BTC from BitGo. You need not install bitcoin core for that. Both BitGo and bitcoin core are wallets and both do the same thing. The only difference is that Bitcoin Core is a PC wallet and BitGo is a web wallet.

Hey there, welcome to Bitcointalk, and also Bitcoin (I think). Anyway, I'll help you answer your questions.

1) Bitcoin and BitGo are 2 very different things. Bitcoin is a decentralised cryptocurrency, while BitGo is a wallet for Bitcoin.
2) Read the second sentence of number 1.
3) Bitcoin itself is not a wallet, and BitGo is a Bitcoin wallet, so, uh, that can't really work.
4) It is possible to do so, however, it requires you to do it with someone in the community of Bitcoin as the services do not support it. It is also suggested not to be done as charge backs can occur. (Basically, don't exchange Bitcoins and Paypal)
5) Making or taking? I'm not too sure about making survey, but if you search around you would be able to find a site that pays Bitcoins for surveys.
6) CoinURL is the only site that I am aware of that can do something like that. They are certainly not a scam, as I do use them and they have paid out to me.
7) Don't mine, it's way too late for that. You can try out cloud mining (you buy/rent miners from other people/services), but I don't suggest that either.

If you have more questions, you're free to ask.

EDIT: I thought I was the first to post >_< Anyway, BitGo is a wallet for Bitcoins. Of course you'd be able to send/receive money, it's basically like a real life wallet.

I'am currently using Bitgo, I dont have Bitcoin Core in my PC. But why i can SEND bitcoin to another address using BitGo?, I can also receive Bitcoins by saying my address to costumer?.

Im so confused

EDIT: Now i have installed bitcoin core in my pc. Im just curious why i have this: , It will takes 5 years to sync bitcoin into my network,?? (wtf) :O . I want to link my BItgo wallet to bitcoin. How?

Bitcoin is a digital cryptocurrency, BitGo is a bitcoin wallet provider.


BitGo is just a wallet service where you store your bitcoins.


No. You use BitGo to store and send bitcoins.


Yes, you can exchange paypal for Bitcoins. But you may have to pay heavy fees for that.


Well, you can use faucets to start with Bitcoins. But AFAIK, they aren't survey sites that pay in Bitcoins.


I don't think you can make any money using any link shortening things. You can just use any skills of your to earn some bitcoins. Or level up here and just join any sign campaign to earn some bucks.


You can mine bitcoins not BitGo.

Hello BTC Talk,

I have few questions in bitcoin.

1. Is bitcoin and Bitgo are same ?
2. What is the diference of bitgo and bitcoin?
3. Can you send money from Bitcoin to Bitgo?
4. Can you send money to paypal from Bitgo / Bitcoin?
5. How can i earn some BTC via making surveys?
6. How can i earn some few BTC via shortening a links like in ad.fly, except in CoinURL(scam?). Please suggest more on me.

Thats all and thanks you, I will be appreciating any helps coming.

Thanks in advance!

EDIT:
7. How can i mine on BitGO ?