Forget Bitcoin and gold! I’d invest money in bargain UK ...
Forget Bitcoin and gold! I’d invest money in bargain UK ...
Vergiss Gold und Bitcoin. Ich würde Warren Buffett folgen ...
Bitcoin and Gold: The difference favors which 'safe haven ...
Is Bitcoin More Correlated to Stocks or Gold? - CoinDesk
Bitcoin Price in GBP for Last Week - BullionByPost
GoldBars GBS (vGold, Virtual Gold, Crypto Gold)
The official Reddit of GoldBars GBS, the original Gold Bullion crypto virtual commodity based on real world gold. 240 million bars of 400 ounce gold mimicking the real world commodity market for the benefit of creating new wealth free from any single point of control or ownership.
Vaultoro.com is an online trading platform based in the UK that lets it's users trade bitcoin and physical good delivery gold. Vaultoro is provably at above reserve and prides it's self on security, customer service and transparency. Low trading fees and able to trade gold in 0.1 gram increments.
Masari (MSR) is a scalability-focused, untraceable, secure, and fungible cryptocurrency using the RingCT protocol. Masari is the first CryptoNote coin to develop uncle mining and a fully client side web wallet.
Got some btc that I want to convert of to Gold. What billion dealers would you recommend to convert my money to bitcoin that are safe and legit? Based in U.K. So would prefer U.K. Dealers to save money on shipping but would be happy with dealers outside uk.
ohn Pfeffer, partner at UK-based Pfeffer Capital, is long on Bitcoin. As the first person to drop the word cryptocurrency on the Sohn stage, launching Bitcoin to the moon with a $700,000 price tag, he based his prediction on Bitcoins ability to replace gold.
04-26 22:03 - 'Pfeffer Capital Investor Says Bitcoin May Soar to $700K;John Pfeffer, partner at UK-based Pfeffer Capital could replace gold.' (dailyhodl.com) by /u/vmrey removed from /r/Bitcoin within 0-4min
02-27 14:02 - 'Austria are looking at regulations on Bitcoin and will be looking to treat it like Gold... maybe it is digital gold after all!' (bitguru.co.uk) by /u/jrs0080 removed from /r/Bitcoin within 112-122min
The FCA bans on Bitcoin and other crypto assets are too harsh and hypocritical.
I as a British citizen and Im concerned about the recent Bitcoin ban. Reasons why:
You can be scammed out on Forex trading due to high leverage, online con artists and platforms shutting down forex trading altogether.
Plus 500 stopped trading the USA/CNH trading pair after the trade war was declared by trump.
Gambling has no regulations, I can spend as much money as possible on any game or sport and no questions are asked.
A uni student committed suicide last year after being groomed by gambling companies to spend over 20k in one week. No action was taken.
Platforms such as plus 500 offer options that have high spreads, hidden leverage, doesn't track the asset price and can be shut down and can be manupliated by the platform at will.
Plus 500 regulary increase the spread of options such as gold, oil, stocks during trading days and also shut down trading on a daily basis. Plus 500 shut down Natural gas options for 12hrs due to a 6% slump.
The UK is one of the biggest money laundering and predatory finance trading countries in the world.
The requirements to be a pro trader are insane: ( you need 2/3)
you need experience working in finance.
500k trading captail
Or make 12+ large trades in the past year.
Ironically using Binance and Coinbase for trading has been safer for me compared to uk stock/forex trading apps. In summary the reasons above HAPPEN ALL THE TIME AND NOTHING IS BEING DONE TO STOP THESE THINGS FROM HAPPENING. But Bitcoin and cryptocurrencey as a whole are seen as evil even though they have been profitable for the majority of their existence.
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Buying cheap UK shares could produce higher returns than gold or Bitcoin in my view. Doing so may allow you to retire on a generous passive income. The post Forget gold and Bitcoin. I’d buy cheap UK shares to retire with a generous passive income appeared first on The Motley Fool UK. According to analyst Lyn Alden, bitcoin's correlation to stocks or gold depends on bitcoin’s own cycles of expansion or consolidation. Many UK shares appear to offer good value for money after the market crash, in my view. They could deliver higher long-term returns than gold or Bitcoin. The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela's gold worth about $1 billion kept at the Bank of England. The court did not recognize ... Yes, Bitcoin’s price is significantly more volatile than gold’s once again, that even I cannot deny, but what’s important here is that Bitcoin’s PTT difference is below gold’s.. While gold averages 66.9 percent deviation against its current trading price, Bitcoin averages just 20.7 percent.
How To Buy Gold With Bitcoin - Mike Maloney - YouTube
What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1... HOW TO BUY BITCOIN 2019 - EASY Ways to Invest In Cryptocurrency For Beginners! Get $10 of free Bitcoin when you buy or sell at least $100 of cryptocurrency o... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Throughout history, “money” has been many diﬀerent things. Money has taken the form of seashells, colored beads, feathers, live animals, and large stones. To... Lou Kerner of CryptoOracle believes we now have something much better than gold in Bitcoin and cryptocurrencies that can be a solid store of value.