Please Help Me Understand Bitcoins - Coin Community Forum

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Author	Replies: 6 / Views: 1,664
shamefulprincess New Member United States 0 Posts	Posted 12/14/2015 4:37 pm Nice forum. I am actually looking for some help understanding BitCoins. If anyone has any advice or suggested reading for a novice such as myself it would be greatly appreciated! Where do you buy them? Where do you keep them? How much is a BitCoin worth? Are they safe to buy/use? I would love to have a better understanding of the whole BitCoin scene so I can share my new found understanding with my friends at * Edited by Staff - Please review the rules that you agreed to when you registered. *. I get asked questions about BitCoins all the time and have to tell them I don't understand how they work enough to answer. Help? Thanks in advance! Report this Post to the Staff

CoinHuntingDrew Pillar of the Community United States 4932 Posts	Posted 12/14/2015 8:53 pm Report this Post to the Staff
Finn235 Pillar of the Community United States 6130 Posts	Posted 12/14/2015 9:10 pm BitCoin is a digital currency. I don't know much about it, except that it advertises itself as a more anonymous way to make transactions online. It also sounds a lot like a pyramid scheme. Physical bitcoins that you can buy are junk novelty items whose value will implode when bitcoin folds. They have almost no intrinsic value, and are not accepted as payment anywhere. I would classify them as tokens, not coins. Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 12/15/2015 12:40 am I just checked and 1 bitcoin is currently valued at. $455.94... Info with website adddress below.. I do not know if this is allowed on CCF... Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 12/15/2015 01:11 am When the website "SilkRoad" was active a few years ago, I looked into bitcoin as that was required for all global purchases... All I learned was that you purchase bitcoins and it goes in your digital Wallet... Should you forget your Wallet password, or someone else knows your password, you will lose everything... They have bitcoin bbs sites, but you need to seek them out... Report this Post to the Staff
Sap Moderator Australia 16827 Posts	Posted 12/15/2015 03:25 am Hello and welcome. This is a coin collecting website. As such, it doesn't really have anything to do with virtual currencies such as Bitcoins. The so-called "physical Bitcoins" are just medals. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 12/15/2015 2:34 pm I don't trust bitcoins. I would tell you to do the same. Report this Post to the Staff
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