More and more people are interested in blockchain but first in cryptocurrencies. From the first hours of documentation, everyone hears about bitcoin and the fever starts. With over $ 200 billion in value, bitcoin remains the king of cryptocurrencies and is a small technological marvel. It is a currency for everyone and no one, with a value dictated only by how much currency is sold or bought. All transactions are final, final and irrevocable, with no bank or customer service department to complain to. Purchased bitcoins become the property of the owner of the seed and the password, essentially a long code so hard to break that only an idiot would try.
The computing power and energy consumption required for a brutal hacking is much higher than the value of the stolen bitcoins. In addition, any attempt to break the password of a wallet, for example, would take decades. Proof of this are the ads on the internet with generous wallets that cannot be accessed. Likewise, wallets lost on faulty, formatted or lost computers further increase the amount of bitcoins that have not moved in the accounts for years. Bitcoin has proven to be resistant to hacking and censorship and cannot be completely banned by anyone but can be lost just as easily. Bitcoins are impossible to steal through direct hacking, only an inattentive or ignorant user can make the mistake of divulging or losing their money. That's why it's good to document yourself as well as possible and for that we have videos about electronic wallets, transactions and others that we progressively update.
Returning to the title of this article. You want to buy bitcoin before it goes to… month. I insist that it can go just as well up and down, that's why it only trades the money you're ready to lose. In the next few minutes I will show you some ways you can buy bitcoin but especially how not to get stuck when you do it.
Free Bitcoin from the stars
You've probably seen at least one tweet or live on YouTube promising that anyone who sends a sum in bitcoin will get double back. This is how dozens of bitcoins have already been stolen by breaking the accounts of some stars or simply by using their image. From Obama to Elon Musk and Vitalik Buterin, the founder of Ethereum, they are all exploited every day somewhere in such thorns, scam as they are told, every day, although they did not offer and do not offer free money to anyone.
Bitcoin from the guys on the forums or the dark web
There is goodwill and positive intention in all sellers but it ranges from 0% to 100%. Anyone who sells you Bitcoin well below the market price at the time you buy it wants to fool you. Why do I think that? If the seller has bitcoin, he knows for sure where he can get the best price and he will not give incredible discounts, just as you would not sell gold or bitcoin below the market price. Even if you feel a fever and rush, don't let the rush confuse you. Don't transfer money in advance, especially to people you don't know where you get it from once you put their money in their account. On the model you pay first and then I put the bitcoin, what forces the seller to keep his word? Seriously. Do you really rely on the word of a stranger?
Bitcoin in exchange online
In exchange for a car, a house, or ten almost new, unused tractors. Possibly with another machine for agriculture. I'm a little ironic because I saw such an ad. Yes, many accept Bitcoin or other currencies in exchange for their goods, but what about the transfer of ownership? You can't do it for € 1 for a house or a car, the tax office will ask you questions immediately. On smaller goods that do not require property deeds, and do not pay taxes on them then it's ok. Tax is the magic word, now you realize why you can buy houses with Bitcoin. However, if you choose to trade in this way, make sure that there is a pre-contract with a promise of sale for a real money amount transferred through the bank.
If the product or bitcoins are not transferred from one hand to another, the contract can be terminated and you do not lose your good on promises. However, keep in mind that the method is not infallible and you need to check if it is fiscally legal in your case. More recently you can declare income in bitcoin and pay tax.
Bitcoin on the marketplace
The most known marketplace, ie the foreign exchange market for individuals, is localbitcoins. In essence, it is a kind of field where one comes with the money and a bitcoin wallet address and the other with his bitcoin wallet from which to make the transfer. The price is displayed on the site and is usually worse than on specialized sites because it offers something extremely valuable in exchange for some of us. The transaction is done face to face, you see the seller and your identity can remain anonymous as opposed to a transaction on a specialized site. The latter are obliged to collect personal data and we will talk about them a little later.
Bitcoin from vending machines
Another alternative that offers anonymity are bitcoin machines. The problem is that vending machines have prices dictated by the service provider, not the market. He sets the exchange rate and collects the money. It is a transaction without documents, the Crypto market is not legalized in our country, but as long as it lasts, he knows something. However, the commissions vary, approximately 2.5% when buying Bitcoin and 5.5% when exchanging in Euro or USD.
The procedure is simple, enter your electronic wallet, based on QR code or series of numbers, make the payment and wait with confidence. Bitcoin transfer is not instant. It can be reached in a minute or two. Stay in front of the ATM for two hours?
In the most serious way, why would you buy Bitcoin from an ATM in the Mall, when all you have to do is install an application and insert the card, from home. You get much better conditions, and first of all you do it in a public place, a public exchange. The only argument for using an automaton remains anonymity. Don't forget to pull the hat over your eyes.
Bitcoin from mining
This is perhaps the hardest way to win / get them right now. The method is simple, turn current into Bitcoin and hope to come out on top. You need an investment in devices called ASICs. There are some computers with special chips that consume a little over 1000W each and that you also control from your phone.
No, you can't mine your home computer back in 2017. It's only cost-effective on specialized PCs, those ASICs. The problem with them is that they are very noisy, and they need to be cooled. If they are too hot, the production decreases and you consume electricity in vain. If you have electricity from photovoltaics that you can't consume, it's a good idea to install an ASIC. But it is better to become a prosumer and sell the excess current in the network. Seriously. Even the low price of electricity delivered on the network is more advantageous now than bitcoin. On this computer you can quickly convince yourself why those many ASICs on ebay are so cheap. www.coinwarz.com Profit becomes important when you have 5-10 such ASICs, and a lot of patience to check that they work properly.
My recommendation, don't get involved if you don't have electricity "for free" and you pay it at the market price like everyone else. It is still profitable only through China, a small part of Russia, through Iran and the state of Texas where you can take kwh with 7 cents.
