Need information on bitcoin

[Yiannis]

To all those savvy out there!

I need information on how bitcoin works.Actually I need all the ins and outs of the subject. How it is generated, where can I get it and how can I hande it.

Thanks in advance.

[helplessone]

https://en.wikipedia.org/wiki/Bitcoin

[Yiannis]

Thanks but I need something a bit more specific. I need to know how I can accumulate bitcoin outside my country how to exhange it in real currency oiutside Greece and how to have it deposited into e-wallets like Skrill or Neteller.

[betbuster]

There are more types of eWallets, so don't limit yourself to just one.

[DarkHorse]

https://bitcointalk.org/

They have a Greek sub forum.

Other Bitcoin forums can be found >> here <<

[Yiannis]

The problem is that we cannot send money to e-wallets. Not which e-wallet to use. I am trying to find out how can we use bitcoin as a means for transportation of funds outside Greece.

[Yiannis]

https://bitcointalk.org/

They have a Greek sub forum.

Other Bitcoin forums can be found >> here <<

Tried those. I also did quite a bit of research during the weekend. But noone can respond to the SINGLE puzzling question. Can we acquire bitcoin here in Greece, exchange it for real money at a clearance house OUTSIDE Greece and then have the money deposited to an e-wallet? I cannot get a definite response on this question. Not even from bitcoin local representatives who do not pick up the phone which seems to imply that crypto currency may have already been included in the capital control prohibitions. This is the answer I am looking for!

[sunsol]

There should be this bitcoin ATM in Athens.

https://easybitllc.com/greek-bitcoin-atm-has-been-launched/

[Yiannis]

Yes it is but I am not interested in importing bitcoin I am interested in exporting. I did receive a response on my request about bitcoin being included in Capital Controls which was negative. Which means I can purchase bitcoin and have it sent out of the country. The remaining unanswered question is whether the foreign exchange I will use will deposit the money on an e-wallet.

[lantranhana]

That's crypto and investing in junk funds. Idea is the same as putting money into a publicly traded stock that's at $0.01 and hoping to see it go up to like $100 a share. Sometimes you get lucky but most of the time you go bust.

There's lots to be made in crypto with it's rapid growth and media coverage that fuels the fire of expansive growth by nothing more than speculative investors but it's just as easy to lose that kind of money.

All crypto's are a gamble right now with really good payouts if you get lucky. Personally, I don't think any are sustainable though for a number of reasons:


As soon as crypto is a real threat to a countries currency it will be outlawed. You're kidding yourself if you think the government is just gonna stand there and let people come up with their own replacement money to avoid taxes and shit. Though I think governments will just come out with their own centralized crypto to replace money since it would be cheaper for them than maintaining paper and metal currency.
The concept of "crypto mining" based on "proof of work" can send us ROCKETING to depletion of natural resources and severe environmental implications. Crypto mining currently accounts for more electricity usage than many small countries combined. Even "proof of stake" isn't without issues.
The associated cost and time of processing transactions is outrageous and there's only a small % of people using crypto on a daily basis. The more bitcoin's value goes up and the more it's used the longer transactions take to process and the more they cost. Pretty much all crypto's are destine to this outcome as adoption increases - that's how they are designed.
Security of crypto's like bitcoin are not guaranteed. Their biggest security is in sheer numbers. Anyone can generate unlimited wallets and there are only a finite amount of wallets that can be made. Your security comes from the odds of someone generating your wallet and key. I think it was best described as - imagine every grain of sand in the world, now imagine that each grain represents an entire world with it's own grains of sand. All those grains together are how many wallets there are. BUT..... you get the value of bitcoin up into the trillions and people start spending less resources on mining coins and instead just generating and checking wallets to see if they find one with bitcoin in it. Eventually the power of computers will catch up to a point where checking 1,000,000,000,000,000,000,000 wallets a second will be possible. Now instead of grinding to maybe get a share of 1 bitcoin all you need to do is find 1 whales wallet with 200,000 bitcoin in it and you can buy your own country. And if it was your bitcoin that was stolen there's no one to go to as recourse. And yes - they have confirmed that there are thousands of bitcoin that are in essence "lost" in forgotten wallets from early adopters. Guy mines 20,000 bitcoin the first year they come out then forgets about it, hard drive gets wiped, all coins lost...etc.


Anyways, end rant. Grazt on your win!

[rajveervyas]

Bitcoin is a cryptocurrency and global payment system three it's for the first decentralized virtual forex because the device works without an imperative bank or single administrator. Once you own bitcoins, they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years. Bitcoins are traded from one personal 'wallet' to another.

[davidbarker]

This resource is number one when it comes to cryptocurrency https://cryptolinks.com/
If you want to get in cryptocurrency, you should act right now. When I first got involved at the end of 2012 everyone was talking about having missed the boat because the price had already gone from a few cents to $20. Never make that mistake, we have no idea how far this thing can go, time spent accumulating Bitcoin in-between then and now has been time well spent.