Make Money With Bitcoin in 2020 (17 Simple Methods)

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Buy Bitcoin with Credit Card

How to buy Bitcoin (BTC) with credit card. Post any methods you have.
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Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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How to have Bitcoins?

submitted by Lemon-Boosegumps to u/Lemon-Boosegumps [link] [comments]

I Did It! I figured out how to use Bitcoin. I am downloading Bitcoin Core Wal. but have not used it yet. I have never used bitcoin. While it installs, I installed Electrum on my Mac & bought $4 of bit on CashApp & moved to My Wallet on Electrum. I lost like 11cents on $4.13. It there a cheaper way?

I Did It! I figured out how to use Bitcoin. I am downloading Bitcoin Core Wal. but have not used it yet. I have never used bitcoin. While it installs, I installed Electrum on my Mac & bought $4 of bit on CashApp & moved to My Wallet on Electrum. I lost like 11cents on $4.13. It there a cheaper way? submitted by jeremyhunt1995 to Bitcoin [link] [comments]

When becoming a monk I see everywhere that you have to give up your material belongings. Does this mean that you actually give them? Or sell them and donate the money? For instance if you are someone with several investments in stocks, real state and Bitcoin. How would you go about these things?

submitted by notowisu to Buddhism [link] [comments]

Would it be possible to have Bitcoin in the 80s or in the 90s? If so, how would wallets work? Would it truly be decentralized? Would it even be possible? I'd love to hear your opinions!

Would it be possible to have Bitcoin in the 80s or in the 90s? If so, how would wallets work? Would it truly be decentralized? Would it even be possible? I'd love to hear your opinions! submitted by OneMoreJuan to Bitcoin [link] [comments]

“ When the fee is too high, they mock me for not knowing how to set my own fee. When I set my own fee, then post about it being unconfirmed for 4 days they mocked me for setting the fee too low. You know what doesn't have this problem? Bitcoin Cash.”

“ When the fee is too high, they mock me for not knowing how to set my own fee. When I set my own fee, then post about it being unconfirmed for 4 days they mocked me for setting the fee too low. You know what doesn't have this problem? Bitcoin Cash.” submitted by Egon_1 to btc [link] [comments]

When people find out I own bitcoin they always ask me, if you can’t physically have it how do you know it’s not going to disappear tomorrow. I never know how to fully answer it. What would be a good way to answer it

submitted by titaniccon1 to Bitcoin [link] [comments]

We should invite people to buy bitcoin! More people, more demand, price increase! I have so many friends that doesn't know how to buy!

I was wondering, We should invite and explain our friends to invest in bitcoin.
It would naturally increase the price and also add more Blair to the coin, due to more people using it.
What do you think? Should we start a global (bring your friend) campaign?
submitted by radicalrj to Bitcoin [link] [comments]

Is there a threshold to how much Bitcoin a wallet can receive before the company has to report it to the IRS? And if so does anyone have any idea what that threshold is?

I am doing some freelance work and they are paying me in BTC and it's so little I'm wondering if its even worth worrying about it being reported as income or reporting it myself. I know you are obviously suppose to report all income, but anyone who's ever worked a job with 'cash tips' knows they aren't really reporting it lol
submitted by Ocelot859 to Bitcoin [link] [comments]

A lot of people have asked me how to sell their ebooks, music for bitcoin. Happy to see they want to sell it for bitcoin and not fiat. Here is a quick guide for anyone looking...

There are several ways to go about selling your digital goods for bitcoin:
#1. Use e-commerce platforms:
#2. Use Third-Party services to create a sellers page
There are several services that allow you to create a quick sellers page for your product and accept crypto for it, some of such services include:
#3. Create your own website
The best way to sell your digital product online for bitcoin is by having your own e-commerce store/website.
There are tons of website builders that you can use to build your store, some include:
After you have your own store you need a plugin or extension to accept bitcoin payments, these can include:
submitted by primalfabric to Bitcoin [link] [comments]

Did you ever wonder about annoyingly long time to confirmation on BCH? Are you a miner who's suffering from having to choose between switch mining or losing money? A hardcore discussion between experts on DAA problems on Bitcoin Cash, and how to fix it

Did you ever wonder about annoyingly long time to confirmation on BCH? Are you a miner who's suffering from having to choose between switch mining or losing money? A hardcore discussion between experts on DAA problems on Bitcoin Cash, and how to fix it submitted by imaginary_username to btc [link] [comments]

How much bitcoin did you have at your peak compared to now?

submitted by Asderio09 to AskReddit [link] [comments]

How do you get over having used to own so much bitcoin?

Succinctly put, I had a little less than 100 BTC in 2013, thought after I quadrupled my money, it was a wise time to cash out... I knew about the 21 million cap, and other properties, but I was too young and financially illiterate to appreciate what I had, and listened to my boomer parents.
My 20's are coming to an end, and its just so depressing buying a whole coin for a little less than 200x of what price I originally bought in at. (still stacking sats though)
I know there are other stories with orders of magnitude greater loss, And I am still greatly advantaged versus most people in the world.
Sometimes I just get hit with a wave of depression and it's hard not to hate yourself... just wish I researched a little more..
I don't really know what I am looking for, or if there is an answer, but if others have similar stories, either successful or not, perhaps it would make me feel better.
TL;DR sold my 100 BTC painfully early, How do I cope?
submitted by FunkDaddyDeluxe to Bitcoin [link] [comments]

Our ways of life have been greatly enhanced after the emergence of cryptocurrencies. Here're 5 things amongst many how Bitcoin & crypto are leading mainstream adoption & integrating into day-to-day lives! What's the most unique thing you can buy with $BTC?

Our ways of life have been greatly enhanced after the emergence of cryptocurrencies. Here're 5 things amongst many how Bitcoin & crypto are leading mainstream adoption & integrating into day-to-day lives! What's the most unique thing you can buy with $BTC? submitted by OKEx-official to Bitcoin [link] [comments]

Daniel Connolly on Twitter: "It still surprises me how many people are constantly trying to impose rules on Bitcoin participants. For a group that allegedly cherishes freedom, a lot of people sure have a lot of ideas about what other people *must* do. There is only the consensus rules, nothing else.

Daniel Connolly on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

Just got my ledger nano x, how can I send the bitcoin I have in coinbase to my ledger?

Still figuring out how all this works. I understand how keeping your coin in a hardware wallet is safer, but it does seem more costly. For example, when I buy assets from the ledger live app I pay a fee of 5 dollars while coinbase’s fee is a percentage(if I remember correctly). So if I’m buying in amounts under $500 at a time I’m assuming it is better to buy on coinbase? Also, when adding btc using coinify from the ledger app, I just bought 100$ for now to see how it works and they tacked on the $4.99 for the fee, so paying $104.99 I would get $100 in the wallet, but what showed up was $95 usd worth.. What happened to the extra $5?
submitted by Xitobandito to Bitcoin [link] [comments]

[ Bitcoin ] New to Bitcoin. Have a Question: How Do I Stay Anonymous?

Topic originally posted in Bitcoin by AlwysKarryinKratom [link]
I am trying to buy something perfectly legal in my country, but I want to purchase it anonymously.👨‍💻 Obv. they wish for that too as their only options are bank transfers or bitcoin.💰 I don’t know these people that well, but they have good ratings.
There are plenty of reasons one may want to do this: For an example, it is legal to buy Marajuana Seeds in many places 🌱 but illegal to plant them. 🛑 So, some people would like to collect these seeds but wish to cause no trouble having or selling them... There are other non-malicious examples, but you get the picture.
Does anyone have tips on how to buy bitcoin perfectly anonymously? That’s is my question.
AlwysKarryinKratom your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Anyone how much longer will it takes to verify my tier 3 verification. It's been days since i have uploaded and applied for tire 3verification. Anyone any suggestions please. I am only good in bitcoins trading. Need to start my trading as soon as possible.

Anyone how much longer will it takes to verify my tier 3 verification. It's been days since i have uploaded and applied for tire 3verification. Anyone any suggestions please. I am only good in bitcoins trading. Need to start my trading as soon as possible. submitted by wildhumans123 to localbitcoins [link] [comments]

How to Explain Bitcoin: 3 Tips to Have Better Bitcoin Conversations

BTC Friends,
Let’s be honest, Bitcoin is confusing. Not to you (you are on this / after all), but to the people who have no idea what it is. Trying to explain Bitcoin is even harder. I’m sure we’ve all had those long, complicated, drawn-out conversations which leave people more confused than when it started.
To aid its adoption WE HAVE TO GET BETTER AT EXPLAINING WHAT BITCOIN IS.
Here are a few tips that should, hopefully, help you manage a simple and easy to understand discussion about Bitcoin.
Before we get to that, a few things to remember:
Bitcoin is a fundamental change from what most people believe. An explanation about Bitcoin shouldn’t be about “being right” or “winning the argument.” Instead, it should be about helping someone explore a new idea and begin to understand that there are actually different alternatives to the only “money” they’ve ever known.
Bitcoin is complicated. It’s important to remember that this is as much of an emotion transformation for someone as it is a logical one. A CONFUSED MIND ALWAYS SAYS NO. If you leave a person confused or frustrated about what Bitcoin is, they are more likely to build up a resistance to it and become close-minded because “it’s just too complicated.”
Adoption is a marathon, not a sprint. Don’t feel the need to word vomit all of your intense 1337 cypto-knowledge in a single conversation. Slow and steady. Like a good story-teller, keep them wanting more.
Now, some tips to consider:
1. Start with ‘WHAT is Bitcoin?,’ not ‘WHY is Bitcoin?’
A fundamental mistake that people make is to try to justify WHY something exists before even explaining WHAT something is. Your explanations need to act as a building blocks of knowledge which means you have to have a very clear, very easily understood, fundamental premise:
Bitcoin is…:
Digital coins that exist on the internet that you can spend and save just like the paper money in your wallet.
An alternative form of money than what you are given by your local government.
That's it. That's Bitcoin. While I’m sure we can, and probably will, argue about what that base, fundamental definition is, it’s important to start with WHAT, not WHY.
While hyperinflation, store of value, scarcity, the Federal Reserve, and how the printing of fiat devalues currency are all important, it does not answer the question of WHAT is Bitcoin. If you start with WHY, you are skipping a major building block in the mind of the listener and are on your way to creating confusion. And remember, a confused mind always says no!
Here is an example. (Now, don’t go full-internet on me. I’m not degrading this person or this video THANK YOU PERSON FOR MAKING THIS VIDEO. This video is awesome! I only bring it up because it is a recent video that got some attention. It also demonstrates this point.)
When asked to explain Bitcoin, here is the opening line:
“The FED…is out of control with printing money…”
This is a ‘WHY is Bitcoin’ response. Already, the listener is probably thinking, ‘what the heck does the FED have to do with anything? I just wanted to know what Bitcoin was…’ and you may just lose your listener right there.
Furthermore, this video never actually says “Bitcoin IS…” While there is an implied comparison to gold, there is never a fundamental definition of WHAT Bitcoin is.
Start with a clear, concise definition of WHAT Bitcoin is before moving on to WHY Bitcoin is.
2. Let Them Lead / Gauge Their Interest / Know When To Stop
When explaining any topic to someone who doesn’t understand it, there is a very strong temptation to TELL everything you know. This is human nature. We are proud of what we know. We want to display knowledge and proficiency. We must, however, understand that it is counter-productive to the learning process. Imagine that certain math teacher going over that certain math problem. They explain it. They are enthusiastic about it. They write it on the chalkboard. Yet your eyes glaze over. It’s too much too fast. You are just waiting until the end when they finally tell you the answer. All logic and reasoning and understanding is gone. This is similar.
Instead of telling them everything you know, LET THEM ASK! Allowing your listener to ASK demonstrates two things: an understanding of the last thing you said and, more importantly, interest! Ultimately, that’s what we want and need; their interest.
Believe me, just like that little kid asking, ‘why, why, why…?’ They will give you every opportunity to share a little bit more, and a little bit more.
For example:
Bitcoiner – “Bitcoin are digital coins that exist on the internet that you can spend and save just like the paper money in your wallet.”
(STOP TALKING AND LEAVE SPACE FOR THEM TO ASK!!!)
Noob – “Oh…ok…well…why do we need that? What's wrong with the money I have now?”
Bitcoiner – “Well, there is a risk that, over time, the money that you keep in your wallet or bank account will actually be worth less and be able to buy less stuff.”
(STOP TALKING AND LEAVE SPACE FOR THEM TO ASK!!!)
Noob – “Wait, what do you mean?”
And we are now on our way to a discussion about these messy and intense concepts of inflation vs deflation, printing of fiat currency, fractional reserve lending, etc. And through it all, LET THEM LEAD.
Now this is the tough part. If their eyes glaze over, YOU HAVE TO STOP! When the questions stop, YOU HAVE TO STOP! The last thing you want to do is ramble on once they’ve stopped listening. Instead, ASK them a question:
I’m sorry, did you not understand something I said?”
“Did I answer your question?”
“Is this interesting to you?”
By doing this, you will give them an opportunity to ASK you another question: “…back up…what did you mean when you said ‘store of value’?”
Or maybe even make a comment: “…wow…this stuff is pretty complicated…”
In either case, this actually helps keep the conversation going. Just back up, explain it again, keeping in mind your base concepts and definitions, and see if you can talk them past where they got stuck.
Maybe they shut you down entirely: “you know what, this is crazy, it can’t be true, let’s change the subject…” To which the ONLY correct response is, “Ok!” (we’ll get to this later).
Keep in mind that letting your listener lead will allow you to carry the conversation much further than you trying to push it along on your own.
3. Know Your Role / A Little at a Time / Don’t Overcorrect
So, what’s the end goal? Is it to have them whip out their phone, download an exchange, and make their first Bitcoin purchase right then and there?! No, of course not.
The role of these conversations is to LEAVE THEM WANTING MORE. Your goal should be to spark interest and curiosity. If after talking with you they end up on The Google or The YouTube looking for more information, then you’ve done your part!
Movies and TV condition us to want the big payoff at the end: the parade, the teary embrace, the triumphant symphony. That is not real life. Really, the best ending to a Bitcoin conversation might just be your listener making an audible, but clearly deeply contemplative, “…huh…”. You’ve done your job. You’ve got them noodling something they have never noodled before.
Even once you understand Bitcoin, there is still an entirely different conversation about what the technology is, how it works, and how people interact with it. And let’s be honest, it’s complex and confusing. Exchanges, blockchain, forks, difficulty adjustments, miners, cold storage… More complicated ideas. More jargon. Make sure you throttle yourself back and explain just A LITTLE AT A TIME. It’s ok to have one conversation about the fundamentals of Bitcoin and then an entirely different conversation about blockchain technology or how people acquire BTC or the difference between storing Bitcoin on an exchange versus a cold wallet. Don’t fall into the trap of thinking you have to tackle all of this at once.
While all this is happening, BE CAREFUL NOT TO OVERCORRECT. People know what they know, right? And what people know is always correct, right?? Be sensitive. If your listener makes a comment that isn’t true or is off track, don’t scold them or forcefully correct them. If your listener feels attacked or threatened, conflict will arise, and once that happens, their minds will be completely shut off. No one listens during an argument. Don’t attack. Explain.
For example:
Noob – “Well, the USD is backed by gold, so that will prevent it from ever devaluing!”
Bitcoiner – “You know, it’s pretty interesting, a lot of people think the same thing. The truth is that while the USD was backed by gold for a long period of time, it isn’t anymore. You see, back in 1971…”
Keep it simple, factual, and non-confrontational.
Going back to our example from before, even if your listener shuts you down entirely, THAT’S OK! They have now experienced a Bitcoin conversation that will percolate around in their brain. And perhaps next time they hear the word Bitcoin, whether on the news or on the internet, they’ll think back to your conversation and what you shared with them. Hopefully you didn’t over-press and their memory of your conversation isn't a negative one which leaves them feeling negative about Bitcoin: “Bitcoin is stupid and people who believe in Bitcoin are arrogant and rude.”
Finally, ENCOURAGE THEM TO DO THEIR OWN RESEARCH. The journey doesn’t start and end with you. You are simply a stepping stone along their path. Know that you are playing a part in their story; you are not the main character.
Adoption of Bitcoin will occur over a long period of time. The conversations we have with our friends and family will create the buzz, attention, and understanding that is needed, but please be mindful that you are doing it in a helpful and productive way that leaves people wanting to know more.
Oh, and step 4: Stack Sats and HODL!
submitted by Reinmaker to Bitcoin [link] [comments]

My friend who's a professional animator and artist, who I have been trying to teach Bitcoin for 3 years is finally a Bitcoin advocate! Just keep teaching your friends about it, no matter how long it takes; eventually they'll understand

My friend who's a professional animator and artist, who I have been trying to teach Bitcoin for 3 years is finally a Bitcoin advocate! Just keep teaching your friends about it, no matter how long it takes; eventually they'll understand submitted by OffBrandTonyStark to Bitcoin [link] [comments]

ILPT Request: I have €15,400 on a PayPal with fake credentials that I accumulated over 7 months scamming catfishes/eWhores. How do I cash it out to bitcoin or cash in hand?

7 months ago, I found out how to post snaps from camera roll to your story without it saying "from Camera Roll" which seemed like live snap. I also found out how to send snaps from camera roll to other people as red/purple snaps.
I took it as an advantage and capitalised on it. I posted vertical inside Lamborghini videos, stacks of money, jewellery... which made me seem like a rich 54 year old man. I asked the catfishes/eWhores to make a deposit of €50 to my PayPal to prove that they're real and not scammers.
Surprisingly, at least 2 eWhores/catfishes fell for it every single day so I made at least €100 per day. The salary here is €550/month so I have enough money to buy a 2 bedroom house at the age of 17.
But, I don't have a bank card where I can cashout nor a legit PayPal. How can I convert it into crypto/cash in hand?
submitted by ilptadviceneeded to IllegalLifeProTips [link] [comments]

07-21 11:23 - 'No. What are you talking about? You get 1.1btc back in this instance. You are making my head hurt. / How on earth would the same amount have a different purchasing power? You don’t just give them stuff to hold for you while p...' by /u/lemineftali removed from /r/Bitcoin within 0-9min

'''
No. What are you talking about? You get 1.1btc back in this instance. You are making my head hurt.
How on earth would the same amount have a different purchasing power? You don’t just give them stuff to hold for you while price appreciates. That’s stupid. They give you back fractionally more of the coin you loan them.
You give them 1btc on June 1 2020 that cost you $10000
On June 1 2021, with bitcoin now worth $15k. you get back 1.1 bitcoin that is worth $16,250 in total.
Here’s a list of some offerings by [DeFI:]1 . Imagine you have 10,000 BAT to loan. APR is 2.4%. At the end of the year you get back 10,240 BAT.
I don’t know what these governance tokens are that you speak of. Maybe you are talking about a totally different DeFi system. Please show me what you are talking about if so. I would like to understand why you think you don’t get interest back as actual coin that you lend.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: lemineftali
1: def*rate.***/nuo-*etwor*/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Mark Cuban has a valid point... A bitcoin economy (fixed supply) will result in alot of inefficiencies - whale hoarding, low spending and lots of people (who do not have bitcoin) aliened out etc. How to fix this?

Mark Cuban has a valid point... A bitcoin economy (fixed supply) will result in alot of inefficiencies - whale hoarding, low spending and lots of people (who do not have bitcoin) aliened out etc. How to fix this? submitted by merchantjem to btc [link] [comments]

The Only Guide to How to Start a Bitcoin Mining Business How To Trade Bitcoin Beginners At Luno The Best Guide To Getting Started with Bitcoin - 99 Bitcoins How To Get FREE Bitcoin Fast! No Mining Required Free BTC In 2020 Getting My How to buy bitcoin: A beginner's guide to purchasing the To Work

Bitcointalk signature bounty campaigns are one of the oldest strategies to make money in the crypto space and have been used to earn Bitcoin for years. Bitcointalk is a forum created by Satoshi Nakamoto, the founder of Bitcoin, in order to give a medium for people to discuss Bitcoin. Hardware Bitcoin Wallets. Hardware devices that act like Bitcoin wallets also generate valid Bitcoin addresses. This is a physical device like a small USB and something you should use if you planning to hold Bitcoins for a longer period. This is also useful for those who wish to have a permanent Bitcoin wallet address. Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org. Bitcoin.org is a community funded project, donations are appreciated and used to improve the website. Make a donation Bitcoin and its blockchain are basically a collection of computers, or nodes, around the world that all have Bitcoin's code downloaded on them. Each of these computers has all of Bitcoin's Bitcoin allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, encryption, and multiple signatures. Some concerns have been raised that Bitcoin could be more attractive to criminals because it can be used to make private and irreversible payments.

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The Only Guide to How to Start a Bitcoin Mining Business

In the case of bitcoin this is letting your computer "guess" the "hash", and the hash is the serial number of a block in the blockchain, of the next block. If it correctly guesses the hash, you ... Trading bitcoin has never been easy like now! Luno is a site where you can trade bitcoin with no hassle! the whole process has been simplified! in this video you will learn how to start trading ... Bitcoin and other cryptocurrencies are "stored" using wallets, a wallet symbolizes that you own the cryptocurrency that was sent out to the wallet. Every wallet has a public address and a personal ... Now that you have a wallet, you probably desire to add some bitcoin to your balance. Here, you will be able to easily acquire bitcoins with a credit card. You can also buy BCH and BTC right from ... Now that you have a wallet, you most likely wish to add some bitcoin to your balance. Here, you will have the ability to quickly buy bitcoins with a charge card. You can also buy BCH and BTC right ...

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