Bitcoin for Beginners Articles 3. & 4. (Market Review Included)

3.) FAQs about Bitcoins and Where to Find Out More

Learning all you can about bitcoin is an important endeavor before you get started mining for it, using it, or buying it. Without knowledge, you’ll be more likely to fall for a scam or make mistakes due to misunderstanding. Keep learning about this important programmable currency so that you can succeed.

Are Bitcoins Legal?

Because bitcoin has never been made illegal, and more and more businesses are taking bitcoin, it’s considered a legal currency. Because of that, you should be careful not to use it for illegal activities that may end up causing regulation.

What Happens If You Lose Your Wallet?

Losing your wallet means you’ve lost your bitcoins forever. You could lose a lot of money if you do this. There is no recovery and no entity to help you if this happens. Guard your bitcoins carefully.

Do New Bitcoins Get Created?

Every 10 minutes, a new block of coins is solved. At that time a block reward is determined that states the worth of the block. This is the only way that new bitcoins are created. This takes a lot of electricity which is a factor in the value of the bitcoins.

Are Bitcoins Secure?

Some people worry about the security of bitcoin, but the truth is it’s very secure. The important part is to use trusted software, only work with people you trust, and not trust just anyone on the net. That’s why there is a system in place to prove the work.

Is Bitcoin Data Traceable?

The block chain technology is transparent and makes bitcoins very traceable. Block chain acts as a public ledger for every single financial traction on the bitcoin network. However, everyone uses a pseudonym during transactions, and your wallet key is secret and should be known only to you.

Can You Get a Refund from a Bitcoin Transaction?

There is no refund system. Therefore, you can’t get a refund if you accidentally send the wrong amount of money in a bitcoin transaction. Check your math and check your numbers before you complete any transaction.

Who Can You Pay with Bitcoins?

Some schools around the world are taking bitcoin for tuition payments. Schools like Simon Fraser University in Vancouver, Canada, and Mexico’s Universidad de las Americas Puebla and others are taking bitcoin.

Even companies like Dell are taking bitcoin. You can actually pay in bitcoin to over 300K stores and companies around the world.

Do Bitcoins Use Energy?

Using bitcoin takes more energy than a credit card by almost 400 times. That’s a lot of energy and factors into the worth of the bitcoins.

An interesting fact about bitcoin is that Finland exempts bitcoin from value added tax (CAT). This is a tax that is added to goods and services automatically in some countries. Finland has exempted bitcoin from VAT because it is considered a commodity.

Bitcoin is complicated, to say the least. Hopefully, these facts help you think about bitcoin in a new way. The more you learn about bitcoin, the less likely you are to fall prey to a scam and the more likely you are to use it wisely. You can find out a lot about bitcoin from various websites.

Try Bitcoin.org, bitcoinmining.com, and Blockgeeks.com.


Today Market.

Previous close with a doji. Will the weekly turn to green or a doji. If a doji will be good but turning green with a long leg is bad. Because it will become a bear inverted.

If weekly pattern form a indecision candle; than it will be good for the coin tongo bullish and retrace but buying point should be below the $9584 area estimately above $9400 area. Then she will be heading above prevoius week high again. We can’t confirm till this week closes.


4.) Making Money with Bitcoins

Believe it or not, you can make money with bitcoins – and in more than one way. Even though there are only a total of 21 million bitcoins, the value of each coin goes up over time (and down sometimes) depending on the market. You can make money by mining for bitcoins, buying and selling, or getting paid in bitcoins. Let’s look at some options for making money with bitcoins.

* Micro Earning Sites – These are websites that pay you in bitcoin for doing tasks. They will pay you to do small tasks, but you will be paid very low amounts. The idea is that the bitcoins will increase in value. It’s the easiest but most time-consuming way to earn bitcoins.

* Bitcoin Faucets – These websites give away small amounts of bitcoin to users when the user views an advertisement or completes a survey. You won’t make a lot of money doing this, but again the idea is that the value of the bitcoin should increase over time. If you’re not doing anything else, it’s an option.

* Micro Jobs – You can use websites like CoinWorker.com to complete tasks such as testing a plugin, retweeting someone’s post and other acts to gain bitcoins. Your pay will be a lot lower than you could make in dollars, but the potential is there to earn more.

* Earn Bitcoins by Writing – You can get paid in bitcoin by writing about bitcoins. There is a need for more education. You can choose to accept bitcoin on your own site or you can join a freelance site that pays in bitcoin such as WorkingForBitcoins.com.

* Buy and Sell Bitcoin – Like any other type of currency, you can buy and sell it. The trick is to buy low and sell high. This can be tricky but it’s totally possible to make money with bitcoins in this manner if you know how to follow the market.

* Build and Manage a Bitcoin Faucet – Some people earn up to $800 a month with their own bitcoin faucet. It’s complicated but you can find a guide online that teaches you how to do it effectively. There is even a bitcoin faucet plugin for WordPress.

Links:
Guide – https://99bitcoins.com/complete-beginners-guide-make-money-bitcoin-faucet/
Plugin – https://99bitcoins.com/bitcoin-faucet-wordpress-plugin/

* Create a Bitcoin Information Site – Put information about bitcoin on a webpage and then put advertisements on the page. You’ll earn money via the ads on the site because people are desperate for information about bitcoin. And the site will get a lot of traffic if you do it right.

* Selling Your Own Products or Services – Naturally, you can set up your business to accept bitcoin. By doing that, you’ll earn more bitcoins and hopefully be able to trade them for cash as the price of bitcoin gets more expensive over time.

* Bitcoin Mining – Miners are the ones who are building the public ledger. They create new blocks and when they do so they’re rewarded with new bitcoins. This can be an expensive way to earn bitcoins because you have to buy a mining rig or join a mining pool, but it’s a good way to do it – as well as the oldest way.

As you can see, there is money to be made with bitcoins. You just have to jump in after you learn all that you can about bitcoin, its uses, and the system. It can be confusing at first because it all seems theoretical, but it’s very real. And once you get going, you’ll understand it and be able to earn more money than you may have thought.

Thank you.

Tangoh


Advertisements

Bitcoin for Beginners 19|20 (Include Case Study Today).

Recap, Rehash, Refresh and Resharing for anyone that is already involve and for Beginners

Bitcoin for Beginners 19|20

Article Covering

1. Eight Common Bitcoin Scams
2. Eight Facts about Bitcoins
3. FAQs about Bitcoins and Where to Find Out More
4. Making Money with Bitcoins
5. Other Digital Currencies
6. The Pros and Cons of Using Bitcoins 7. What Are Bitcoins and How Do They Work?
8. What Does “Mining” Mean?
9. Where to Get Bitcoins and What to Buy with Them
10. Who Uses Bitcoins?


1.) Eight Common Bitcoin Scams

Bitcoin is a type of cryptocurrency or digital currency in which units are generated via encryption techniques. It’s a type of peer-to-peer transfer called mining. It’s not backed by the government or any regulatory body.

It’s ripe for scams since there is no real regulation on it, and in some people’s mind bitcoin is a huge scam in and of itself. But, if you want to get involved with the cryptocurrency trend, be aware of these common bitcoin scams.

1. Fake Bitcoin – The way this scam works is that someone offers to pay you for something with bitcoins, but you don’t know how to use bitcoin and they know it. They attempt to teach you how it works, assuring you that it’s legitimate. But in the end, they get your merchandise and you end up with fake bitcoins that are worthless.

2. Ponzi Schemes – In this scam, someone offers you an investment deal. You will give them money or bitcoins in exchange for getting a big return on investment. Sometimes these scams are very elaborate, and you’ll even be able to see your account grow until you try to cash out. Only then will you know it’s a scam because you won’t get the money.

3. IRS Scam – This scam works the same as most IRS scams. A convincing person claiming to work with the IRS calls you and says you owe a lot of money. They tell you to go to a certain website to purchase bitcoins and to pay them with the bitcoins. The truth is, you’re not really buying bitcoins and they’re not really letting you pay your IRS bill with bitcoins. Instead, they’re taking your money.

4. Switch Scam – In this scam, they want you to buy their new cryptocurrency with your bitcoins, but their currency doesn’t even exist. They claim it’s the next best thing and that it’ll out-earn bitcoin overnight. They may even have records that look like proof but it’s all fabricated.

5. Malware – You stumble on a fake site where you think you’re buying bitcoins when you’re not. You’re just infecting your computer with malware that will “mine” your computer for bitcoin units and your computer will be messed up. Plus, you’ll give them actual money.

6. The Celebrity Scam – If you’re online and see any celebrity offering “free bitcoins” or a good deal on bitcoins, it’s a scam. No one is going to give away extra bitcoins; it doesn’t make sense. If Tom Cruise says they want to give you bitcoins for a low price, you know it’s not true. Why would they do that?

7. Ransomware Attacks – If your computer gets hijacked with a threat to pay them in bitcoins to release your computer, this is a common way to get money. Obviously, it’s a scam but it’s a very easy scam to fall into. If your computer is locked up, you will be tempted to buy your way out. Don’t do it.

8. Fake Wallets – To spot a fake wallet, it’s important to ask around on social media to ensure that the wallet is real. Install the right anti-virus software on your computer to avoid any malware. Use a good wallet application yourself so that you can have multiple wallets, thereby avoiding having problems if one is compromised.

To avoid scams, it’s best to find someone you really trust who already understands bitcoin fully. They can be your mentor or guide to help you avoid a problem. Because if a mistake is made, there is no one who can help you out or give you a refund. You’re just out of the money.


Today Pattern Study


This Social Media Quote Image T Shirt is one of our favorites, it won’t be around forever so order yours here today! The graphic is available on a variety of top quality products you are guaranteed to love. It would make a great addition to your wardrobe, or buy it as a gift for your friends and family. Did we mention our shipping is flat rate? Pay shipping for your first item, then all additional items ship for FREE!

  • Solid colored t-shirts are 100% combed ringspun cotton, however heathered colors could contain a cotton/polyester blend

  • Preshrunk to minimize shrinkage

  • Double-needle sleeve and bottom hems



2.) Eight Facts about Bitcoins.

Let’s talk a bit about bitcoins so that you can ensure that you know what you’re getting into before you start trying to use or buy bitcoins for your transactions. Bitcoins can be quite confusing, so ensure that you truly understand everything before you move forward. Here are eight facts to consider.

1. Bitcoin Is Programmable Money – To have programmable money, you need to have normal money. Normal money today is not backed by anything at all other than someone said it’s worth what it is. For example, a $100 US dollar bill is only worth that amount because someone assigned that amount to that paper. With bitcoin, the value is determined by the buyer and the payer, and the bitcoin is created when both agree terms have been met and the so-called miner verifies the transaction.

2. Bitcoin Is Created Via Mining – Miners use software that finds keys that open wallets or padlocks. Basically, they are transactions that are happening between people, and the miner certifies the transaction.

3. Bitcoin Has Real Value – Bitcoin isn’t fake money. It has real value. The value is determined by the users, both buyers and payers, not an outside entity. There is a protocol that has to be followed and is impossible to change.

4. Bitcoin Lets You Pay Locally and Globally – You can pay in more places than you may think with bitcoin. You can even use bitcoin online at sites like Overstock.com. You may be surprised that some of your local stores are taking bitcoin. You only need to ask.

5. No One Has Control Over Bitcoin – Bitcoin isn’t run by any person or government entity. There are rules, but the users are the only ones to enforce them. As of now, there are over 16 million bitcoins in circulation.

6. Bitcoin, Unlike the Dollar, Is Limited – There are only 21 million bitcoins and no more will ever be created. The value can go up or down, but there will never be more. This is unlike the American dollar, which the government can choose to print more at any time.

7. You Must File Taxes on Bitcoin – Technically since bitcoin has value, you must claim the dollar value on your taxes in the USA. Nearly 1000 people have done so as of 2017 taxes.

8. Don’t Lose Your Wallet – If you aren’t careful, you can lose all your bitcoins by not saving your hard drive. You’re the only one with proof of your transactions, so you must guard it carefully or you can lose it all.

Using bitcoins without losing your money can be a great way to invest and earn more money. But, before you get started it’s imperative that you learn everything you can. You can learn a lot by going to the Bitcoin.org website and reading everything you can about it. Also, find a mentor to help you navigate the new terms and money system.

Thank you.

Tangoh


This Social Media Quote Image T Shirt is one of our favorites, it won’t be around forever so order yours here today! The graphic is available on a variety of top quality products you are guaranteed to love. It would make a great addition to your wardrobe, or buy it as a gift for your friends and family. Did we mention our shipping is flat rate? Pay shipping for your first item, then all additional items ship for FREE!

  • Solid colored t-shirts are 100% combed ringspun cotton, however heathered colors could contain a cotton/polyester blend

  • Preshrunk to minimize shrinkage

  • Double-needle sleeve and bottom hems

BTC Correcting near $7300

Which level is BTC correcting?

From the way she is correcting base on the reason high between $8600 to $9000 the BTC will bounce up near $7400 or befire $7300 that makes up 60% correction.

This might take till probably till mid week according to the weekly chart star formation.

Weekly chart last week red indecision pattern but more to a bear inverted because the leg is longer.

Next week we will expect to see BTC and probabky altcoin to move lower before mid week before bouncing up.

If she go lower first then the price will move even lower the week after next.

If she move higher first and settle lower then we will have a long up side that firms a bull inverted.

Lets see what happen within this 2 day. Lets hope sha move higher a settle lower, so that the week after next we can see some upside surge


SIM-Swap Attacks Are On The Rise: How To Protect Your Crypto?

Read more


Crypto YīGuìMén have launch and during the launch month get extra 5% on top of the 10% shown in the website. Coupon Code: Cryptoygm5 to slash 15% from purchase above $15/.

We have just created a Navy Blue T-Shirt with Japanese and Korean wording with pronounciation.

Creating awarenes, support crypto blockchain community and the enthusiast.

Put on one of this T-Shirt will motivate and boast about your ownership.

They come with all sizes and can be print on other colour T-Shirt.

You may check at http://www.cryptoygm.com for more info.

We use quality brand and lasting print you may check from the FAQ in our website.

Thank you.

Tangoh

Bitcoin China Mining Ban

Image Source: iStock/gazanfer
News Source: Cryptonews.com
Charity Source: CharityMarathon

$5854 No Invitation– $5854 or more in 3 months.

Want to Win Las Vegas Holiday for 2?

(Scroll down and click to read news)
Today on Candlestick Pattern Reading, Income Stream, Charity Navigator, make money online. We are on Charity Marathon Spillover from top, bottom, left and right. Issue on Money, Make Money and Reward.

(If they don’t do the mlm system, how long you want the ill Children to wait).
(Survey shows only 3% human being will donate and help).

Trader, Newbies or Oldies.
Always follow the calculated time specified xx45 in any hour and don’t trade on other timing as in xx28 minute to xx45 minute.
This are the timing will hold you and difficult to execute and face losses.
Don’t Trade on and before 45 minute during data report event.
Don’t trade 45 miute before and after any exchange open and closing.
Enter any hour, the 45 mins after or before on the above mention event and
Close within xx54 to xx27, once you see xx.xx profit just take it out, because there isn’t bonus everyday.
Can’t focus, Ego Moody day and No time, Don’t Trade.
Face losses most of the time or big time. Take a long break. Go for fund-raising like Charity Marathon Partnership.
Watch “Отзыв участника Whole World – Marina Vinogradova, Russia, Pskov” on YouTube


April 20th, Bitcoin: 5 Facts You Must Know about China Mining Ban.

In the world of crypto, news and rumors are rampant but facts are few. This is especially true about supposedly imminent government actions that can make or break investor fortunes.

Case in point: The news that’s been flying across the internet that the Chinese government is going to ban Bitcoin mining.

Here are the Five Facts You Need to Know

Read more



Note:”80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money”

————-

User: I have been trading with plus500, etoro and bullionV since 2012. Overrall great app, great service and no complain till today from my side.

(This are the build-in traffic program


Case Study 1. Bitcoin posted a cross doji candlestick pattern last night the present daily chart still going upwards for today.


Be back for more updates

Thank you

Tangoh


Article Source from CharityMarathon WholeWorld international Children Charity Fund

I am on the 32 day and 58 day-left on this CharityMarathon Project. I will let you know what happen soon. Presently I have 9 lower line and a dollar. 90 day goal is $5854.00

Article Source from CharityMarathon WholeWorld international Children Charity Fund

Join us on CharityMarathonSpillOver
Watch “The Whole World Marathon has already started! Join it!” on YouTube

https://youtu.be/D8DBTFpZpm0


Watch “Whole World International Charitable Fund – ICCF Whole World” on YouTube

https://youtu.be/M4epwmJplUc


Reason №13

Team Work

By joining ‪Whole World‬ you can be sure that you don’t need to figure out all the features of this business model alone!

Your up-line partners (at least 7 people) are directly interested in your success, so you can always count on their support in any and labour issues.

It is most important that you specify the relevant contact information so that you can be quickly contacted, and don’t hesitate to contact your up-line partners yourself (their contact information can be found in your Whole World Personal Office).