start at coinbase. then add me on steam i'll give you 1 site (only one i use little payments but, trusted)
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1) Don't sell your bitcoins. I had a lot of bitcoins that I sold when the market crashed the first time due to gox. I sold them each for about $5 a coin. Now they are worth 100x time, probably lost 10k on that deal. I got goxed.
2) Store your coins on your own wallet, and backup the folder where they are stored in case your pc crashes. Don't store your coins on a group miner site or an exchange. Bitcoin is based mostly on people stealing huge amounts of money from others by tricking you into trusting them with your coins. The coins that I didn't sell off when the market crashed I kept on gox. When the site got hacked they kept declining my identity verification even though it was my real account and info. This stopped me from being able to withdraw my coins back to the same address they came from in the first place. I'm sure you know what happened to gox. I got goxed twice.
TLDR; don't trust anyone and never sell them.
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Lol @ 1)
First of all, you lost nothing on that deal. You can get more now doesnt mean you lost.
Besides that, I suppose you never traded in stocks? Nor do you have any knowledge about economy? There can always be a later moment where you could get more for a commodity. That should never be the reason to hold on to what you have until your death.
"Never sell them" is a horrible advice. If you want bitcoins to buy stuff on the internet than buy stuff. If you think its a good investment, sell them when you are satisfied with your profit (or want to cut your losses.. it might very well lose its value).
When it comes to bitcoins people seem to lose all common sense..
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If your main reason is privacy, take care how and where you use them, use one account per transaction etc, and yeah store them on your computer + backup encrypted and hidden. The first time i bought them they were at under 1:1.
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GPU mining has been long extinct. Profitable mining requires, among many things, stacks of prototype ASIC processors and/or free electricity. It was once low-entry, but nowadays the edges are extremely thin.
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The current big internet buble... It might go up more or it might have peaked already...
In general sense the protocol is interesting achievement, but there is serious scaling issues and adoption of Bitcoin-blockchain itself seems unrealistic.
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I recently began to use bitcoins, any advice or suggestion from you guys?
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