Topic: Something newbies should know about Bitcoin - page 3. (Read 1175 times)
Thanks for sharing this information. It will be helpful not only for newbies but also for people who are in the crypto world. The mindset of an investor here in crypto must be for long term always to avoid big losses and wait for their investments to gain profit when the ATH is reach again.
I better holding my asset for while moment, I will sell after raised profit although 5% and its more safety for getting profit at bitcoin and altcoin investment, maybe you want to hold for long time, keep ready your soul when bitcoin dump.
I think what newbies should know about bitcoin is that bitcoin is a great coin to invest in. However, the price isn't stable and it needs patience if you want to earn much in bitcoin.
Right.If you want to make profit even if the current market condition is not that good,then be patient all the time.I think the market won't be stable knowing bitcoin is a very volatile one.But having bitcoin is a very good investment because of its great potentials and knowing that it has high chances to become very expensive once the market price hits its peak again. 
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Better be careful with Twitter
There is common practice to give people TP price and sell well below given TP price
Social media are mostly used for manipulation
I think what newbies should know about bitcoin is that bitcoin is a great coin to invest in. However, the price isn't stable and it needs patience if you want to earn much in bitcoin.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Better be careful with Twitter
There is common practice to give people TP price and sell well below given TP price
Social media are mostly used for manipulation
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Very fresh and inspiring news to me. And what's about Wei Dai today?Either he/she doing thecryptobussiness too or no?
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
We can help to newbies by simply sharing some knowledge to them regarding bitcoin , it will be difficult for them to understand it at first but with a good guidance then they can easily cope up in this market. They must learn that here , patience is one of the most important thing. They have to search and study the market. Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
firstly, newbies are just fresh on the block and know just a little or nothing about the technology as most of them tend to come into the technology as they have heard that it is profit oriented and then i am forced to ask questions. the newbies should endeavour to ask questions that will serve as guidelines towards how they get involved in the system
In my own opinion, If you are a newbie you should always try to participate in many bounties because from then you could learn so many thing and process of cryptocurrency, how it function and work. Then if you want to try to invest make sure you allotted a money to try it and do not put all of your savings in cryptocurrency you must save your money well.
Bitcoin has evolved so it will be used more as a store of value rather than an every day coin. There are many altcoins that will do the job better and in a different way e.g. privacy enabled, centralised, via dapps, etc..
actually this time is indeed a difficult choice. because the current situation is very different from the previous situation. especially when this situation is always decreasing. so indeed we are to make a good decision, rather doubtful. because it was difficult to choose to sell or hold coins. especially beginners, of course they sometimes feel confused with all this.
Being introduced to bitcoin for me is the best achievement I had. Newbies should read enougn topics about bitcoin. All things about it. They should learn first its history and how to trade and earn profits from it.
You have to know that there is always risks and not always gain good. Learning about crypto is easy but nit on applying and handling it. Newbie should read and read before asking obvious questions because there are lot of information on the forum that will help them as a beginner. What about the newbies that buy when bitcoin was 19000$ per one? I feel sorry for them ,its not that they will never recover the lose again its just that it might take longer that expected, they must have lots of patience
Basically, there is more to the whole community, than narrow it to just Newbies. There are primary things an investor should know about Bitcoin as a technology before investing into the technology. Understand that Bitcoin investment should be on a long term and not short term. As a Newbie, i invested some of my earnings in bitcoin and never regretted my action, although there were many that regretted because of their greed.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Atleast newbie must realize this thread mate,this is all about for them as they are the one that most affected everytime theres a dropping in every coins they hav3boughtDo not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
I remember when i first enter investing and the price goes as bad for me,i had sold in loss when just after a days the value doubled that teached me a lesson and now will never the same mistakes again
Many ideas are spoken, actions are made but many are easily surpressed by authorities, bitcoin is indeed successfully but who knows its would be a complex ecosystem with much speculation on prices, price wars in exchanges, fomo fud, consolidation of mining power and such, it's up to present developers to do it better, and users to use it better
I am more convinced that beginners go into the bitcoin trade because seeing the success of friends, relatives or other people on the internet is very easy to get rich. Bitcoin can give dreams in a short time.They do not know that bitcoin is a very volatile digital currency, price changes can take place very quickly, so making wrong decisions can result in profits that have been in front of the eyes turned into losses. Besides that, following the trade must be smart and able to withstand patience.
Many ideas are spoken, actions are made but many are easily surpressed by authorities, bitcoin is indeed successfully but who knows its would be a complex ecosystem with much speculation on prices, price wars in exchanges, fomo fud, consolidation of mining power and such, it's up to present developers to do it better, and users to use it better
Will soon to realize that Bitcoin will have a big place in the community and might to see it widely used. For now, we are considered this a form of investment but not it would be like that forever and it will change our mindset and making it away to fully engaged with digital currencies.It is our opportunity to be a part of this technology and soon to be appreciated by all.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
I think it is not just for newbies but for everyone in this crypto industry who has joined the revolution to acquire freedom in our wealth and take control of our own wealth without anyone or any government interfering it. I also got into the crypto industry in late 2017 when the market is booming and skyrocketing and at that time I don't know much about Crypto Currencies and to be honest this is the first time that I see that name "Wei Dai" and I didn't even know that he is one of the first persons that the legendary Satoshi Nakamoto contacted when he created Bitcoin, anyways thanks for sharing this kind of information now I'm getting curious about this person and gonna research more about him. Do not sell, buy the dip, and HOLD.
https://twitter.com/vcorem/status/1076251118747959296?s=21
Quote
Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.
Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf
Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html
"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one. Therefore, instead of trying to convince our current government not to try, ..."
"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."
Many ideas are spoken, actions are made but many are easily surpressed by authorities, bitcoin is indeed successfully but who knows its would be a complex ecosystem with much speculation on prices, price wars in exchanges, fomo fud, consolidation of mining power and such, it's up to present developers to do it better, and users to use it better
Because of this in OP, I add that an important factor that every newbie should know, is that when he enters the world of bitcoin, it does not mean that he will become rich overnight, nor that trading will be the exit, only for be a high-tech currency and that has a high volatility.
In this world everything must be taken calmly, there are forks, there are attacks that have been made to bitcoin, bitcoin is handled a lot by the law of supply and demand, they must understand that trading is very different to the Stock Market, due because the high volatility of bitcoin movements, at any moment you may be gaining a lot and in seconds you may have lost most of the investment.
In this world everything must be taken calmly, there are forks, there are attacks that have been made to bitcoin, bitcoin is handled a lot by the law of supply and demand, they must understand that trading is very different to the Stock Market, due because the high volatility of bitcoin movements, at any moment you may be gaining a lot and in seconds you may have lost most of the investment.
Indeed, beginners in 2017/2018 think they will get rich quick because the media at that time reported that bitcoin has increased many times. But I think now they have understood how crypto works, and they are beginning to understand to be more interested in investing.
What media described by the days of 2017 is getting repeated. I haven't seen media describing that there will be growth with bitcoin continously. I have come across media stating bitcoin and other cryptocurrencies as a source for illegal activities and media always portrayed the negative part of bitcoin. Beginners should not get to it, they need to analyze well and further get into it.so far the media has mostly gone with the trend. meaning when price is rising they join the hype and soon enough all you see is ridiculously high price predictions like $50k, $100k,.. within unreasonably short time just because price is close to $20k! then when the drops begin all this changes in a blinking of an eye and before you know it the $50ks and $100ks turn into $2000s and $1000s predictions
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