Topic: Newbie's point of view / Suggestions needed (Read 1746 times)

i want just add about the cloudmining you must know that there is a legal company and  also there is a ponzi company
if we compare the risk.the cloud mining is the hight risk after is the hard mining and the trading btc and finally holding BTc

i just wana tell you somthings about a sig compainig is a good way to get some free bitcoins is better than faucets
you said that even not your account and experience permits it but if you still say this your account and expercience will never Improving
in my opinion you should enroll in a signature compaining there is some one accept newbie.i know that is not a hight income but forget the money now and just work to goes up your rank to a full member and in the same time you will get more experience.
you'r welcome i am like you a new in this world of btc

Thanks mate I already digging to implement Coinbase since already have an account there but definitely will check Bitpay too.


Yep i already opened an account on bit-x and moved some btc to check out the exchange. 0% fees on transactions are great.
I contacted the support to ask about withdrawals in fiat (euro) and the reply was "commission for withdrawal to SEPA for up to 5000Euros is is fixed and equal to 50Euros"
This means that if i withdraw to my bank 4500Euros or 1000 or 80 i will pay a flat fee of 50 Euros and doesnt look good for me. I will check it out more tho

Nah.. never thought to start up a bit coin business or invest to an existing one.
When i say i want to invest in bitcoin is to adopt it as a payment method to sell my goods on my main business (nothing to do with bitcoin) and of course to buy a couple of dozens btc to hold/trade to make some profit.
If i was believing the "death theory" of course i would not be here and searching for other payment methods and investments


Thats what i am trying to do. Trying to educate myself on the tech lvl to understand why and even if this fork is a must to happen.
Also there are many many new info coming up the last days about "conspiracy theories", conflicts of interest among the devteam, Gavin himself and the mysterious Mr. Satoshi.
Trolls shouting "dump your coins" and from the other side people trying to be reasonable...
I am an optimist guy and i always put my self on both sides to try to understand first. So, one thing i am sure of is that i need to learn more before i decide on anything.
I have confidence too even i am too new to this and i am considering this as a bump on the way of btc even if i saw the price falling the last days.

The reason you are confused is because it is confusing. There are a lot of details, some you need to know others you really don't. The basic things I like to recommend to new users are:

1. Learn about the system before obtaining BTC. You can even download a "test net" wallet and get some free coins to practice. They are valueless, but work the same. A good read to start is the white paper by Satoshi. You can see the link below in my signature.

2. When you do want coins, don't screw around with faucets or free websites. Even if they aren't scams you will work hours to get pennies. Better to create an account at an exchange in your country. Fund the account then buy and withdraw the coins to your control. Good exchanges are automated in a way that protects sellers and buyers. Systems that use PayPal or the like are not safe to use with bitcoin. 

3. Forget about "investing". Buying and holding is an investment, but it is a risky one. You will appreciate BTC more if you spend some and see the advantages for yourself. Certainly DO NOT INVEST BITCOIN IN SOMETHING ADVERTIZED HERE. Most are straight up scams. Bitcoin is money and attracts criminals. There are no sweet deals or legitimate ways to double your coins. If you simply MUST invest your coin then ONLY deal with a licensed business or your money will likely be stolen. 

4. As a new user do not beg, borrow or lend. It will get you negative trust here and these are very risky deals. If you buy something from a person here definitely use escrow.

Anyway, welcome. And thanks for considering accepting payment in bitcoin for your business. You can do well right now by capturing demand for purchases in btc. I only use it for online shopping and am always on the lookout for new stores or services.
You might want to look into a payment processor like BitPay or CoinBase. These solid businesses handle the transaction and directly deposit into your bank account. The conversion is instantaneous and you avoid any exposure to price volitility. It is also cheep or free for your business, unlike the 3% fee for a credit card.

Cheers

You should read more about the fork between bitcoin core and bitcoin xt. Have an open mind and analyse the situation yourself. Is this a time to cash out or an opportunity to invest more if the price drops. This is a question you need to think about. I have confidence with bitcoin, I am seeing this as an opportunity.

try to look at bit-x also, they are legit assured, good maintanance fee and free trading fee until september, you can also resell your contract there, pretty good if something went wrong and you need to get back your money

arbitrage is not so remunerative this day, and not certainly with bitcoin, but usually btc-e is around a higher price than bitstamp or bitfinex, you can check those for arbitrage, but still better to do it with bot, for earning the max from it

If you want to start up a bitcoin business these are my tips for you:

- dont accept paypal to avoid getting screwed by scammers
- make your site look professional as possible
- provide a good customer service
- be transparent as you can be

If you're going to believe the BTC death theory, you're not supposed to be here

It means most ponzis won't tell they are ponzis in their website. They will come under different names.

Oh, got it. So would that mean that an ordinary scamming website isn't labeled as a "ponzi scheme"?

Building a faucet usually doesn't work out either, because most kids think they can build a good faucet by putting in 50 cents.

Welcome mate, nice post I think tell to us about your experience.
First you choose good wallet, but my favor wallet is electrum(desktop), mycelium(android).
Second, don't waste your time for earn from faucet, better to build your own faucet.
Third most all cloud mining is ponzi scheme. AFAIK for now hashnets and bit-x is legit, check this out: https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387
Bitcoin death? Don't believe to trollers!

Don't listen to the trolls spreading fud. Bitcoin isn't going to split into two different currencies. They're just trying to spread fear uncertainty and doubt and it looks like its partially working.

As for the "bitcoin death" rumors and as a noob or a person that tries to understand bitcoin and want to invest in it and adopt it as a payment method to my small business, these posts and rumors might be discouraging to proceed cause btc might lose its value or even disappear.
Although the more i read and understand it, seeing its potential, the more i want to get involved.
Bitcoin as network/technology/community might started from scratch but sa i see it now is too big to disappear or lose interest.
I think it still evolving but the steps must be small and steady. But if the communit or the chain is goin to split in two that not very good for the whole community and the coin itself.
I might be wrong cause i havent understood fully the technical reason why this has to be done but trying to get there.

As for the exchanges you mentioned, i have open accounts in all of them,except Circle but definitely will check it out

Just heard about this XT split yesterday. If that means it will cut bitcoin's value in half then the bell tolls.
It happened to the company I was working for with our stock options. They split them and everyone that cashed out before that happened were lucky because after it happened, their stock's value was cut in half and the other half only rose alittle a year later.
They did this because the company became to big, corporate level, and they didn't want to pay employee's full value of their stock options they received for free when they got hired on by the company 5 years before. Now they don't give new employees these for free anymore and charge them to buy if they want in.

I have already ruled out faucets as wasted of time and possibly waste on investment too. I cant judge any of course but i am sure its not my thinking of investment/earn profit.
Signature campaigns is not my style and even not my account and experience permits it.
Also i could buy some THS on a cloud mining site but not sure which one since many opinions are different with many accusations from members.
Till now i havent found a mining service thats widely accepted as legit and not scam or ponzi, that i can make ROI, except hashnest.
Already opened an account there to buy some ths but not sure yet cause i need to do more digging.

I am more into exchanging btc for fiat or other altcoins but i have the same problem.
There are many exchanges and trying to find the best for me about prices, volume, fees ans deposit/withdrawal time.
Also want to find out if i can buy btc on X exchange and sell higher on another one, moving my coins or fiat with safety.

nice post and welcome. forget that shit about a "bitcoin death". just learn and read more. you are on a good way 

good exchanges are:

Coinbase
Kraken
Bitstamp
Circle

A scam involving paying off money to old investors with new investors' money. Eventally the last group of people paying into the scam never get their money back.

Want to read more? http://en.wikipedia.org/wiki/Ponzi_scheme

What is ponzi? I'm a newbie too and I've been seeing this word a lot. Is it like a scammer website?

Cloud mining? Before you get scammed again in cloud mining, let me tell you that 99% of cloud mining websites are ponzi. There are a couple of threads on the board that give an excellent how-to on spotting whether a website is ponzi or not.