Re. Bitcoin (Value - Current - Future - Investment)

Parker2010

Parker2010

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Hey Guys:

I am new to Bitcoin.

Not sure, what is Bitcoin, its value in current and future scenario?

Is it a good idea to accept Bitcoin (as a vendor)? Is that like an investment ?

Your suggestions are highly appreciated.

Many thanks.
 
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Bitcoin is a currency just like $.. But a digital currency...you can use it to pay or get paid.. Invest or whatever you want with it.. The value for bitcoin is soaring high, my opinion is to buy and store it.. Or trade it..
 
Benappy said:
Bitcoin is a currency just like $.. But a digital currency...you can use it to pay or get paid.. Invest or whatever you want with it.. The value for bitcoin is soaring high, my opinion is to buy and store it.. Or trade it..
Click to expand...
Thanks for your kind suggestions. What do I need to know in order to buy and store it? Where do I store it? How does that work? Any account like PayPal?
 
Register a Blockchain account to create a wallet.
 
Benappy said:
(blockchain (.) info/wallet) is the correct website
Sorry I am not able to post links here.. But
you can inbox me for more questions and to help you get started
Click to expand...
Thanks mate. What docs/ info do I need to start with?
 
We accept bitcoin since day one, and our customers love it.
The blockchain.info wallet is No.1 which you can trust.

Both .com and .info are owned by the same company.

Good luck

NOTE: We don't recommend buying bitcoin atm since the prices are high , wait when they drop at 1200-1400 in a month
 
CyberHour said:
We accept bitcoin since day one, and our customers love it.
The blockchain.info wallet is No.1 which you can trust.

Both .com and .info are owned by the same company.

Good luck

NOTE: We don't recommend buying bitcoin atm since the prices are high , wait when they drop at 1200-1400 in a month
Click to expand...
Great to know that. Thanks mate. Is there any charge to open an account?
 
Parker2010 said:
Hey Guys:

I am new to Bitcoin.

Not sure, what is Bitcoin, its value in current and future scenario?

Is it a good idea to accept Bitcoin (as a vendor)? Is that like an investment ?

Your suggestions are highly appreciated.

Many thanks.
Click to expand...

If You Can Work Hours Then Go For It On Trading Otherwise No
 
Yes you should have Bitcoin as one of your acceptable currency/gateway..
We are using too for our business..
There's lots of wallet and you can choose one of them.
I recommend you either blockchan or Coinbase as your Bitcoin wallet.
 
Parker2010 said:
Great to know that. Thanks mate. Is there any charge to open an account?
Click to expand...
Opening Wallet is free, no monthly fees what so ever .
There is small fee per transaction.

IMPORTANT: Ensure that your wallet password is strong (over 24 symbols etc etc).

Here is an nice video tutorial you can watch (unknown language :D
.. just watch it is nothing hard )
 
Personally, I'm keeping my Bitcoin on exchange site (like Bitstamp.com). Not very recommended due to hack possibilities, but that way I can diversity my portfolio with splitting investment in to few other coins too, not everything in Bitcoin.
Another good online wallet is Bitgo
 
So, the conclusion is - It's always GOOD to accept Bitcoin as a vendor. And, it's safe to create an account with https://www.blockchain.com/

Really appreciate your valuable suggestions and time :)

Sincerely,
Steve
 
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