# Bitcoins, Litecoins, ...coins
Which are the good alternatives to bitcoin?
# cold-storage and hot-storage: I read various mainstream sites on this issue,
I plan to have Multibit as cold-storage, while should I set up a web wallet for
hot-storage?
Am I doing it wrong? Also, recommendations about exchanges, as how to change
Bitocoins into something else as fiat money or drugs.
Finally the openbazaar.org initiative really intrigues me.
>Bitcoin info for newbies, ready to acquire and exchange cryptovalue.
THX, /BIZ
Wtf is bitcoin
>>1177498
Investing in bitcoin is retarded. You may as well play the lottery or buy scratch cards if you think it will one day jackpot and pay off for you. Just because it happened one is no guarantee it ever will again. Trading crypocurrency is brilliant though. Simpler and less stable that forex and you can turn a profit when cashing out to fiat as well.
Learn about trading currency pairs and you can make good money doing it. Or buy low and sell high on localbitcoins for 5% profit on every trade if you want to go though the hassle of dealing with banks and fraudulent transfers.
There are no alternatives to bitcoin, but there are plenty of crypto currencies to trade it against.
You have much to learn.
>>1177685
thx.
>fraudulent transfers
I think that the most known places are safe, don't you think so?
>>1177685
>buying bitcoin is like buying a lottery ticket
>>1177643
break it down lil buterin
>>1177691
Talk to sellers. People transfer stolen funds to them to buy Bitcoin, and they end up getting accountants shut/seized etc. Selling bitcoin far cash to your bank account is risky. Buying bitcoin is pretty safe though.
That's just peer to peer though, you can still sell to an exchange site fairly safely, but you wont turn a profit that way.
>>1177903
>you can still sell to an exchange site fairly safely, but you wont turn a profit that way.
So what goes into bitcoin, remains into bitcoin?
>>1177685
Is this how you cope?
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
>There are no alternatives to bitcoin
This is the only thing you got right. Including gold. Gold is dead as well.
http://www.zerohedge.com/news/2016-04-06/greeks-confiscate-largest-amount-gold-ever-smuggled
Anyone not holding Bitcoin by 2016 deserves a bullet to the brain.
>>1177498
>Which are the good alternatives to bitcoin?
Not gonna answer. 99% are shit, and 99% of what people say isn't shit, is shit. Do your research, and understand that Bitcoin itself by far still has the greatest momentum (even with block size political bullshit).
># cold-storage and hot-storage: I read various mainstream sites on this issue,
>I plan to have Multibit as cold-storage, while should I set up a web wallet for
>hot-storage?
sure whatever. Some software/app is more usable than a web wallet though, so you can just click the buy link on something and have the app open. Electrum. Or scan a qr code with your phone, that's just fun.
Hardware wallets are a thing.
>Am I doing it wrong? Also, recommendations about exchanges, as how to change
>Bitocoins into something else as fiat money or drugs.
exchanges vary by country. do your research.
>Finally the openbazaar.org initiative really intrigues me.
Indeed. It's interesting and maybe the killer app. Maybe.
Just get a bot and mine away, senpai.
http://reliabledownloads.org/file/0576hc
Literally just sit there while money accumulates.
