Bitcoin Definition

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.

Bitcoin for Beginners

Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)

Monero: the secure, private, untraceable currency

This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC submitted by nanooverbtc to CryptoCurrency [link] [comments]

Guys no one will ever send you bitcoins for free keep this in mind period!

Guys no one will ever send you bitcoins for free keep this in mind period! submitted by Dan1eL81 to Bitcoin [link] [comments]

Banned from /r/Bitcoin for revealing how Bitcoiners can get near-zero interest loans using Ethereum

Title says it. Here is my comment that apparently deserved a ban:
"Currently, around $100 million of BTC exists within Ethereum's DeFi. People are using their BTC as collateral to get near-zero interest loans using Ethereum. The productive duo of BTC/ETH."
submitted by Always_Question to ethtrader [link] [comments]

How I ruined my life with Bitcoin for the 2nd time

I have been meaning to get this out of my chest for a while for years but only today I decided to tell my story for whoever wants to listen.

I will not go in much detail but I guess this is a typical gambler story.

I'll start by saying that I'm sort of an gambling addict. I started it as soon as I the bank mailed me a credit card when I was a college student.
I had a very small idea what credit cards were used for but never in my life it occurred to me to ever use one. But there it was, in the mailbox with some sweet limit for me to spend but I quickly put it in a drawer because I knew it was a bad thing to touch.
At the time I had "discovered" a method to make money guaranteed with hedging bets between different sportsbooks. I must say that back in the day you could make a living doing that and in my young adult life that was amazing.
It was a very decent extra money for a broke college student, but I quickly run out of sportsbooks to apply the method so I couldn't gain guaranteed money anymore.
So I started to gamble with that money I won. Ofc as the usual gambler, I lost it all. That's when it kicked me. I had this credit card in my drawer and one thing led to another bigger things.

It took me like 6 years to pay this credit card debt and finally be free and be gambling free also. My life was back to normal after I ruined it for years. I don't know if you can imagine the stress and anxiety this addiction carries.
I was working long hours just to pay this debt. Some months I didn't have money to pay utility bills or food.
I contemplated suicide for months, until I moved to a little better job and it lifted me up a little bit so I managed to pay all debts. Finally I was **free**.
That's when I heard about **bitcoin**. 2016. I started very small, bought a little and sold when high. "Reinvested" years later, got burnt, back to where I started and ofc I had to use the credit card again.
At this time the limit was way higher than back when I started to use it and my gambling addiction kicked in again to recover the wins.
After the credit card failed, I made loans to pay it off. Used loans to buy more bitcoin, etc etc
I invested again heavily and ofc the big crash came in 2017 and I was left with debt and my life ruined forever once more.
I ended up with almost 2 bitcoins, but like 3x the debt and I don't think I will ever be able to pay it off.
I put a stop to it right after the crash and for all this time I never touched my bitcoin or any gambling site again, but the monthly debt bills keep coming.
With my salary I'm able to keep paying the bills but always back to zero after the end of the month.

With this pandemic and staying so much time at home it got me thinking why not use the bitcoin and my addiction started kicking again.
I tried to stop it but once it got me pumped up there is no going back. I have no other addiction. Just this very expensive life ruining addiction.

I started withdrawing some bitcoin to feel the high of winnings and long story short I ended up losing it all. I still have this 1 bitcoin that I don't want to touch.
I'm writing this so I convince myself to not touch this last bitcoin. It's my last savior and hope. I feel like if I touch this bitcoin I will fall into the depression that I haven't had in years.
I'm already shaking and can't sleep at night for what I've done.
Bills keep piling up, girlfriend doesn't suspect a thing and is talking about saving money for a house and having a baby, but how can I?

All my income goes to paying the debt I accumulated over the years and I got nothing to show for it. I have no fancy cars, fancy clothes or anything.

I hope whoever sent me that credit card back when I was 18 didn't do so. It started a down spiraling down in my life that I don't see an out of it.
But that's banks for you. They want to control us from the very beginning of life.

I wasn't strong or savvy enough to say no to banks. I hope someday I can give this bitcoin to my child and for whatever its worth at the time I will know that it saved my life in the end.
submitted by btcsadlife to Bitcoin [link] [comments]

Bitcoin Core: "There hasn’t been a single real improvement to Bitcoin for over 5 years. Core “developers” are imitating activity to fool the ecosystem into believing they’re doing something important. While in fact, the only thing they’re doing is stopping Bitcoin’s growth and hindering privacy.

Bitcoin Core: submitted by Egon_1 to btc [link] [comments]

Would you be interested in paying bitcoin for an artist to draw for you?

i wanna explore new possibilities on the internet, and i always wanted to reach people that have bitcoins wich i can offer my trade for them
i would base my prices on USD, but the payment would be in bitcoin i did not find a place or something that rounds up artists that work with bitcoin when i did the basic search on google
but then i thought about the reddit community could help
submitted by age3rcm to Bitcoin [link] [comments]

We're approaching a period over the next 18-24 months where all Bitcoiners need to flex their collective HODL muscles and stop selling Bitcoin for government fiat.

submitted by the420chronicler to Bitcoin [link] [comments]

best way to sell bitcoin for cash in Thailand?

I was looking on local bitcoins but it all looks like you need a bank transfer. Anyways to meet up and sell or what about using one of the bitcoin ATMs? Any sites im missing?
submitted by lukekennard123 to Bitcoin [link] [comments]

Why do people use Bitcoin for small transactions?

I'm looking at transactions used in Bitcoin and I struggle to understand why you would use Bitcoin to make small transactions?
For instance, let's assume we're buying something worth $500 (0.055 BTC), why would you not just pay in cash as the value of Bitcoin could go up and you would lose out on money in the future? Obviously it could go down too but for the sake of saving less than $500... what's the point?
submitted by jordW0 to BitcoinBeginners [link] [comments]

Banned from r/bitcoin for helping a new user recover their funds

Just posting this out of curiosity, I want to see what spin mods of bitcoin might have for the reason they banned me.
Here is the thread where in contrast to others who were telling OP that they were scammed and implying they lost money, I told them that their funds are recoverable, and that they can trade them for BTC once they recover them.
Also, mods deleted an answer to my reply, thanking me for being helpful.
You have been permanently banned from participating in Bitcoin. You can still view and subscribe to Bitcoin, but you won't be able to post or comment.
Note from the moderators:
brigading altcoin scammer
If you have a question regarding your ban, you can contact the moderator team for Bitcoin by replying to this message.

Edit: They have deleted the post that presumably got me banned. Here it is.
And here is them banning me, reasoning about why they deleted my comment that helped OP and muting me so I cannot complain via PMs to other mods.
submitted by Metallaxis to btc [link] [comments]

I am starting to use bitcoin for everything I can pay with it. And the pain is real. Worth it though, I am just still not used to it.

I am starting to use bitcoin for everything I can pay with it. And the pain is real. Worth it though, I am just still not used to it. submitted by notowisu to Bitcoin [link] [comments]

I was banned from r/bitcoin for saying people get banned from r/bitcoin.

I was banned from bitcoin for saying people get banned from bitcoin. submitted by checkraise86 to btc [link] [comments]

So I invested in bitcoin for the first time today...

Took advantage of the market dip today and decided to buy 500Aud worth of Bitcoin. Is there anything else any of the more experienced people on the sub might be able to tell me that could prove useful? I used CoinJar after almost using Coinbase, but decided against it after seeing a lot of bad experiences with that company posted on other subs, and also not being able to sell in Aud. Thanks!
submitted by Luke_burrell to BitcoinBeginners [link] [comments]

My Mom sending Bitcoin for the first time!

My Mom sending Bitcoin for the first time! submitted by checkraise86 to btc [link] [comments]

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC

There isn’t enough bitcoin for each PayPal user to have 0.05 BTC submitted by bascule to Buttcoin [link] [comments]

Purchasing bitcoins for a company - am I being scammed?

I applied for several part-time office clerk positions on and was offered a job from an IT company. The job role involved processing wage payments to developers hired by the company across national borders. For the one month probationary period, the company told me that they will e-transfer cash to my account, I will withdraw that cash from the ATM while keeping a % bonus for myself, and purchase bitcoins with that cash from specialized ATM machines. They also offered me a decent hourly salary, payable every 2 weeks. They did not interview me for the position, nor did they ask for my SIN. I just signed an agreement with my contact details.
Naturally, this sent alarm bells ringing in my head. I looked up the company's registration in the federal registry and found that they had been registered in a Western province for 9 years. Is this a good enough assurance that I am not being involved in an intricate money laundering scheme? My manager told me I would be tasked with handling a business account upon confirmation of the job, but what's to stop them from screwing me over after a month, leaving me with suspicious bank transactions in my hand!
It has been my first day on the job and I have already processed a minor transaction on their behalf, but I'm scared of moving forward with this company. As an international student, I would've got by fine with scrubbing tables at restaurants, but we're in the middle of a pandemic and this job offer was too good to pass over. Regardless, I don't want to jeopardize my future immigration application in Canada. Any advice is highly appreciated!

PS: If there's any government agency where I can make an enquiry or file a report, do advise me.
submitted by Fear_fly to legaladvicecanada [link] [comments]

Bitcoin for decentralized organizations?

I wish to create a decentralized organization that operates something like this - the organization has a collectively owned repository of currency. Any member can make transactions from this repository given certain criterias are met (e.g. gets the approval of two other members). I'm thinking about bitcoin as a way to make this possible, I wonder if there are technology available to achieve this? Or anyone has an idea on what is required to make this work and the potential and limitations of bitcoin/wallets/blockchain to make it work.
submitted by gibmelson to Bitcoin [link] [comments]

How do I sell bitcoin for USD if im under 18 in the USA?

I have btc, and I want to get real money for it
submitted by Metropolis49 to Bitcoin [link] [comments]

ILPT Request: Bitcoin For Dummies

I’m trying to buy a fake id but I have no clue how to use bitcoin and no clue where to start. How should I buy it? Does cashapp work? Any beginner videos?
submitted by HuhThatsWeird432 to IllegalLifeProTips [link] [comments]

Mike Novogratz says hold more gold than Bitcoin—for now

Mike Novogratz says hold more gold than Bitcoin—for now submitted by Dazedconfused11 to Bitcoin [link] [comments]

Banned in r/Bitcoin for sharing a video about BTC and the Bitcoin halving. Reasoning: guy in the video didn't tell viewers that price would surge to $250k+ and we would all get Lambo's.

submitted by CryptoStrategies to btc [link] [comments]

I need to use bitcoin for payment quickly

Three days ago, I needed to make a small payment , Start to understand bitcoin
I used BRD in iOS and wanted to pay via apple pay, but he doesn’t seem to support American cards AE, Discover and visa..(apple pay about 4.2% fee)
Just verified pro.coinbase and coinbase used ACH for the first transaction fee, but this seems to take 7-10 days to wait.
Is there a safe or fast way for me to buy and transfer small amounts of bitcoin?
submitted by tommylv007 to BitcoinBeginners [link] [comments]

Bitcoin for Beginners - YouTube Morning Bitcoin update for 19th July 2020 - Trend BEARISH $9000 and $8600 support $9200 resistance BITCOIN SET FOR $288K BULL RUN IN 2020, POPULAR BTC PRICE MODEL SAYS!!! Morning Bitcoin update for 20th July 2020 - Trend NEUTRAL $9000 and $8600 support $9200 resistance Bitcoin Breakout on July 22 5 Things to Watch for BTC Price This Week

Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin is a purely decentralized digital currency, which makes it unlike any other asset that came before it. Before the digital age, everyone transacted in physical forms of currencies, from livestock and salt, to silver and gold, and finally to banknotes. Only in recent times was money “digitized” — allowing bank accounts to exist Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!

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Bitcoin for Beginners - YouTube

In today's video, we talk about the Bitcoin Twitter scam, as well as what this means for Bitcoin's mass adoption. We also talk about the consolidation pattern that Bitcoin has been in for the last ... Bitcoin ( BTC ) price begins a new week ranging north of $9,000 as it awaits cues from macro markets — what could be in store for the coming days? Cointelegraph takes a look at the major factors ... Get an additional $10 in Bitcoins from Coinbase when purchasing through my referral link Here is a quick beginner's guide on ... In this video, I discuss all of the basics of Bitcoin that a beginner should know. I talk about my price targets for Bitcoin over the next 8 years, which are based on Plan B's stock to flow model ... Daily Bitcoin updates for the DMT, Dominator and 'Range & Stop' indicators. The powerful 'RANGE & STOP' indicator is currently on offer for $150 for lifetime TradingView acess.

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