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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.
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no one in charge of bitcoin and it is made up of willing participants. Bitcoin gives you the option to be your own bank.
i noticed jm bullion has an option to buy GOLD using BTC/ETH...has anyone ever gone that route? Would it even make sense to buy/trade one asset for another?? I see it as a great hedge since I own crypto and would love to get into GOLD, but maybe just paying using fiat is best? anyone ever have regrets using crypto to buy GOLD? thx
If you have extra bitcoins, you should know that you have a ton of options if you wanted to spend it on gold and silver bullion (and jewelry). Both precious metals and crypto currencies are fungible, limited and don’t depend on credit. Both can be used as money during period of inflation. Some of the best bullion dealers that accept bitcoin as payment include GoldSilver, SB Bullion, Money Metals Exchange and BitGild. Vaultoro is an excellent exchange for real-time bitcoin to gold trades. I put together a complete guide that teaches you how you can purchase gold and other precious metals with bitcoin if you wanted. Many of the companies are highlighted as well. Have a look at my guide if you want to learn more: https://www.smartbitcoininvestments.com/buy-gold-with-bitcoin/
Wanted to announce our new site/service of Exchanging Bitcoin for Physical Gold Bullion in the UK https://buygoldwithbitcoins.co.uk We know we are not the first, but we deal exclusively in Cryptocurrencies, we do not accept Fiat Currencies. The process is instant, everything is settled in the shopping cart not waiting for emails with invoices like other suppliers. Our focus is privacy, if you want to pick up in store you can arrange to do so with a collection password instead of ID We haven’t listed 1000s of products because we want to see where the demand is. If you can’t see what you want, let us know and we will add it! We hope to accept all main cryptos very soon, Monero, Dash, Litecoin, Ripple and many others. Based in the jewellery quarter in Birmingham you can order for delivery or you can pick up in store. We have closely partnered with a store which has been dealing with bullion for nearly 30 years, so we have history, we have also been heavily involved in Crypto currencies since 2013. Any feedback would be really apricated!
recently i've been looking and thinking about buy gold . I found an online store called CIODE but there is not much information and I don't trust them .Does anyone know where to buy gold in Spain? Could someone help me?
Tried to buy gold with bitcoin, now gold support won't respond
I sent bitcoin to the coinbase merchant account with the requested amount, but it didn't clear within the window and my page expired. According to coinbase the bitcoin is sent to the merchant (reddit) anyway when it clears (which it has now). I've sent gold support two emails and coinbase one as well, but no one is responding. It's been a week now. Besides never buying gold with bitcoin again, is there anything I can do to at least get some traction on this problem?
Can you buy gold with Bitcoin? What about other cryptocurrencies? The answer to both questions is a resounding “Yes!” Since Bitcoin was established in 2008, its price has soared.As a consequence of its increasing value, its acceptance as a method of payment has spread, too. Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold. One says the cryptocurrency is a better bet because it’s harder to buy, while the other believes Elon Musk could bring down bullion ... Veldt Gold has been in the business of selling investment-grade precious metals, such as gold and silver for cryptocurrency since 2012. We are committed to providing a great service to investors in precious metals, and crypto enthusiasts. At Veldt Gold you can buy gold and silver with Bitcoin, Litecoin, Ethereum, DASH, and Monero. Bitcoin Bursts onto the Scene . Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. In fact, many have called bitcoin “digital gold” in the past ... Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.
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