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ALL ABOUT BITCOIN (BLOCKCHAIN TUTORIAL)

Discussion in 'Job Finder/Making Money Online' started by Byko4all, Feb 11, 2017.

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    Byko4all GL Legend

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    ALL ABOUT BITCOIN (BLOCKCHAIN)

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    BITCOIN

    What is Bitcoin? Bitcoin is a cryptocurrency (online money)
    Bitcoin is the currency that is taking over the universe as said by Bill Gates.
    Bitcoin is rising every day. It is appreciating against the dollar.
    Just the same way dollar is appreciating against the Naira.

    Bitcoin is as easy as ABC.
    No government can control bitcoin.
    Its a cheaper, quicker and easier way to spend and receive money even across borders.
    There are so many online biz that you can invest and profit using bitcoin.

    There are so many benefits of having a bitcoin wallet.

    1. You can invest in online business with bitcoin
    2. You can transfer dollars from you bitcoin wallet to your dollar mastercard.
    3. You can shop online or pay for services like hosting etc.
    4. You can send huge amount of money through bitcoin to anybody in the world without any government being able to track it.

    Bitcoin was launched January 2009.
    Then, 1 btc was less that $ 1 up until February 2011 (1 btc = $1).

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    As seen from the table 1 above, bitcoin continued appreciating against the dollar.
    October 25, 2011 (1 btc = $2.70)
    November 1, 2011 (1 btc = $3.08)

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    As seen from the table 2 above, bitcoin continued appreciating against the dollar.
    Today, February 11, 2017 (1 btc = $1,012)

    So, imagine if you bought 1000 btc for $1000 in Feb 2011 (when 1btc = $1).
    And you just kept it till today, Feb 2017

    The worth of your 1000 btc today will be: $1,012,000
    (todays rate: 1btc = $1,012)

    Now, lets assume you were growing your 1000 btc by doing online biz like helpbuddy:
    http://helpbuddy-tutorial.blogspot.com.ng/
    Investing $1000 in helpbuddy within 10 months can give you 10,000 btc.

    So, the worth of the 10,000 btc will be $10,120,000
    You see why its good to do online biz with bitcoin..the currency is rising everyday.
    My dear, you are already a multi-millionaire.

    When you want to buy bitcoin, you say, Example:
    I want to buy $100 worth of bitcoin.
    (today's rate $100 in bitcoin is about 0.1 btc)
    So, for simplicity when buying bitcoin, use dollar value

    It's also easy to buy and sell bitcoins in Nigeria.
    There are many registered and trusted buyers and sellers in Nigeria.

    http://www.standardgoldng.com/
    https://www.nairaex.com/
    https://naira4dollar.com/
    https://localbitcoins.com/

    I personally buy and sell to standardgoldng.
    Check for his number on his website.
    Call him or chat him up on WhatsApp.
    He will tell you the rate at which he sells or buys bitcoin at the moment.
    I also sell to individuals when I have.

    Lets say he is selling $1 for N520
    You then buy $100 for N52,000

    So when you confirm he has bitcoin to sell, you pay him naira into his bank account.
    While he sends you the dollar equivalent to your bitcoin wallet address.

    OPTIONAL
    When you have made money in bitcoin,
    You can even send the dollar in your bitcoin wallet to your dollar domiciliary account in Nigeria.
    But first you have to open a dollar domiciliary account and request a dollar MasterCard from the bank preferably GTB.
    Then you can send dollar the dollar in your bitcoin wallet to your dollar domiciliary account using foreign online exchangers like:
    https://24pay.me/en/order/btc_visamcusd

    Now, we know bitcoin is online money.
    The next thing to choose is the online bank you want to use: BLOCKCHAIN or COINBASE?
    Just like choosing between GTB or ZENITH.

    In this scenario, BLOCKCHAIN is the best. because it's simple.
    So, we need to open a BLOCKCHAIN BITCOIN ACCOUNT

    CLICK TO OPEN BLOCKCHAIN
    https://blockchain.info/


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    CLICK ON CREATE A FREE BITCOIN WALLET
    FILL IN YOUR INFO AS SHOWN

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    CLICK CONTINUE....IT WILL LOG YOU INTO YOUR NEW ACCOUNT AS SHOWN

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    YOU CAN SEE YOUR ACCOUNT...CLICK RECEIVE TO SEE YOUR ACCOUNT NUMBER.
    Remember, when you click receive, you can see different account number,
    Dont worry, it is normal, blockchain account number changes,
    Any payment made to any of the account numbers you see in receive,
    It will still reflect in your account.

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    NOW DONT FORGET TO GO TO YOUR EMAIL TO ACTIVATE YOUR ACCOUNT

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    TO LOGIN ANY DAY...GO TO THE EMAIL YOU GOT AND CLICK ON THE LINK

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    OR COPY DOWN YOUR WALLET IDENTIFIER ID....THEN TYPE PASSWORD TO LOGIN

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    SO LOGIN AND FUND YOUR ACCOUNT
    SO IF AFTER YOU HAVE FUND YOUR ACCOUNT.

    IN SOME WEBSITES, AFTER YOU HAVE MADE PAYMENT.
    YOU WILL BE REQUIRED TO GET THE TRANSACTION ID OF THE PAYMENT.

    THIS IS HOW TO GET TRANSACTION ID OR HASH CODE

    After you have made a payment
    Go to https://blockchain.info/

    In the Search box
    Paste that bitcoin account number you paid money into to see all transactions to and fro that account

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    You will then see transactions in that account
    The GREEN arrow shows payments into that account
    The RED arrow shows payments done by that account
    Look at the time of your payment to tally closely to the transaction time
    So you will be sure you are copying the right transaction ID.


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    After you have copied the right TRANSACTION ID.
    Go and paste it to the site that needs it to confirm your payment.
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    YoungBoyz Guru Member

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    Byko4all GL Legend

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    UNDERSTAND BITCOIN AND MAKE REAL MONEY
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    Byko4all GL Legend

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    READ N UNDERSTAND BITCOIN

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