FAQs about Bitcoins and Where to Find Out More

Learning all you can about bitcoin is an important endeavor before you get started mining for it, using it, or buying it. Without knowledge, you’ll be more likely to fall for a scam or make mistakes due to misunderstanding. Keep learning about this important programmable currency so that you can succeed.

Are Bitcoins Legal?

Because bitcoin has never been made illegal, and more and more businesses are taking bitcoin, it's considered a legal currency. Because of that, you should be careful not to use it for illegal activities that may end up causing regulation.

What Happens If You Lose Your Wallet?

Losing your wallet means you’ve lost your bitcoins forever. You could lose a lot of money if you do this. There is no recovery and no entity to help you if this happens. Guard your bitcoins carefully.

Do New Bitcoins Get Created?

Every 10 minutes, a new block of coins is solved. At that time a block reward is determined that states the worth of the block. This is the only way that new bitcoins are created. This takes a lot of electricity which is a factor in the value of the bitcoins.

Are Bitcoins Secure?

Some people worry about the security of bitcoin, but the truth is it’s very secure. The important part is to use trusted software, only work with people you trust, and not trust just anyone on the net. That’s why there is a system in place to prove the work.

Is Bitcoin Data Traceable?

The block chain technology is transparent and makes bitcoins very traceable. Block chain acts as a public ledger for every single financial traction on the bitcoin network. However, everyone uses a pseudonym during transactions, and your wallet key is secret and should be known only to you.

Can You Get a Refund from a Bitcoin Transaction?

There is no refund system. Therefore, you can’t get a refund if you accidentally send the wrong amount of money in a bitcoin transaction. Check your math and check your numbers before you complete any transaction.

Who Can You Pay with Bitcoins?

Some schools around the world are taking bitcoin for tuition payments. Schools like Simon Fraser University in Vancouver, Canada, and Mexico’s Universidad de las Americas Puebla and others are taking bitcoin.

Even companies like Dell are taking bitcoin. You can actually pay in bitcoin to over 300K stores and companies around the world.

Do Bitcoins Use Energy?

Using bitcoin takes more energy than a credit card by almost 400 times. That’s a lot of energy and factors into the worth of the bitcoins.

An interesting fact about bitcoin is that Finland exempts bitcoin from value added tax (CAT). This is a tax that is added to goods and services automatically in some countries. Finland has exempted bitcoin from VAT because it is considered a commodity.

Bitcoin is complicated, to say the least. Hopefully, these facts help you think about bitcoin in a new way. The more you learn about bitcoin, the less likely you are to fall prey to a scam and the more likely you are to use it wisely. You can find out a lot about bitcoin from various websites. Try Bitcoin.org, bitcoinmining.com, and Blockgeeks.com.

Buy and sell Bitcoin merchant

Eight common Facts about Bitcoins you didn’t know about

Let’s talk a bit about bitcoins so that you can ensure that you know what you’re getting into before you start trying to use or buy bitcoins for your transactions. Bitcoins can be quite confusing, so ensure that you truly understand everything before you move forward. Here are eight facts to consider.

1. Bitcoin Is Programmable Money – To have programmable money, you need to have normal money. Normal money today is not backed by anything at all other than someone said it’s worth what it is. For example, a $100 US dollar bill is only worth that amount because someone assigned that amount to that paper. With bitcoin, the value is determined by the buyer and the payer, and the bitcoin is created when both agree terms have been met and the so-called miner verifies the transaction.

2. Bitcoin Is Created Via Mining – Miners use software that finds keys that open wallets or padlocks. Basically, they are transactions that are happening between people, and the miner certifies the transaction.

3. Bitcoin Has Real Value – Bitcoin isn’t fake money. It has real value. The value is determined by the users, both buyers and payers, not an outside entity. There is a protocol that has to be followed and is impossible to change.buy and sell Here

4. Bitcoin Lets You Pay Locally and Globally – You can pay in more places than you may think with bitcoin. You can even use bitcoin online at sites like Overstock.com. You may be surprised that some of your local stores are taking bitcoin. You only need to ask.

5. No One Has Control Over Bitcoin – Bitcoin isn’t run by any person or government entity. There are rules, but the users are the only ones to enforce them. As of now, there are over 16 million bitcoins in circulation.

6. Bitcoin, Unlike the Dollar, Is Limited – There are only 21 million bitcoins and no more will ever be created. The value can go up or down, but there will never be more. This is unlike the American dollar, which the government can choose to print more at any time.

7. You Must File Taxes on Bitcoin – Technically since bitcoin has value, you must claim the dollar value on your taxes in the USA. Nearly 1000 people have done so as of 2017 taxes.

8. Don’t Lose Your Wallet – If you aren’t careful, you can lose all your bitcoins by not saving your hard drive. You’re the only one with proof of your transactions, so you must guard it carefully or you can lose it all.

Using bitcoins without losing your money can be a great way to invest and earn more money. But, before you get started it’s imperative that you learn everything you can. You can learn a lot by going to the Bitcoin.org website and reading everything you can about it. Also, find a mentor to help you navigate the new terms and money system. 

How to identify Eight Common Bitcoin Scams

Bitcoin 

Bitcoin is a type of cryptocurrency or digital currency in which units are generated via encryption techniques. It’s a type of peer-to-peer transfer called mining. It’s not backed by the government or any regulatory body.

It’s ripe for scams since there is no real regulation on it, and in some people’s mind bitcoin is a huge scam in and of itself. But, if you want to get involved with the cryptocurrency trend, be aware of these common bitcoin scams.

1. Fake Bitcoin – The way this scam works is that someone offers to pay you for something with bitcoins, but you don’t know how to use bitcoin and they know it. They attempt to teach you how it works, assuring you that it’s legitimate. But in the end, they get your merchandise and you end up with fake bitcoins that are worthless.

2. Ponzi Schemes – In this scam, someone offers you an investment deal. You will give them money or bitcoins in exchange for getting a big return on investment. Sometimes these scams are very elaborate, and you’ll even be able to see your account grow until you try to cash out. Only then will you know it’s a scam because you won’t get the money.

3. IRS Scam – This scam works the same as most IRS scams. A convincing person claiming to work with the IRS calls you and says you owe a lot of money. They tell you to go to a certain website to purchase bitcoins and to pay them with the bitcoins. The truth is, you’re not really buying bitcoins and they’re not really letting you pay your IRS bill with bitcoins. Instead, they’re taking your money.

4. Switch Scam – In this scam, they want you to buy their new cryptocurrency with your bitcoins, but their currency doesn’t even exist. They claim it’s the next best thing and that it’ll out-earn bitcoin overnight. They may even have records that look like proof but it’s all fabricated.

5. Malware – You stumble on a fake site where you think you’re buying bitcoins when you’re not. You’re just infecting your computer with malware that will "mine" your computer for bitcoin units and your computer will be messed up. Plus, you’ll give them actual money.

6. The Celebrity Scam – If you’re online and see any celebrity offering "free bitcoins" or a good deal on bitcoins, it’s a scam. No one is going to give away extra bitcoins; it doesn’t make sense. If Tom Cruise says they want to give you bitcoins for a low price, you know it’s not true. Why would they do that?

7. Ransomware Attacks – If your computer gets hijacked with a threat to pay them in bitcoins to release your computer, this is a common way to get money. Obviously, it’s a scam but it’s a very easy scam to fall into. If your computer is locked up, you will be tempted to buy your way out. Don’t do it.

8. Fake Wallets – To spot a fake wallet, it’s important to ask around on social media to ensure that the wallet is real. Install the right anti-virus software on your computer to avoid any malware. Use a good wallet application yourself so that you can have multiple wallets, thereby avoiding having problems if one is compromised.

To avoid scams, it’s best to find someone you really trust who already understands bitcoin fully. They can be your mentor or guide to help you avoid a problem. Because if a mistake is made, there is no one who can help you out or give you a refund. You’re just out of the money.
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Some people are just too afraid to invest into their future at a young age

Fear has always been the greatest killer of dreams.

The reason why I so much love network marketing business and will invest without a second thought even in my next life is because it gives one the platform to practise what it takes to become great and successful in life.

If you must succeed in network marketing, I always advice you don’t just rely on the monetary profit. Most importantly desire the packaging this business model will give you

I’ve met with calibres of people as a result of this business both great and small. This is the only business model with human capital and capacity development.

This flip cash investment business model has made me popular and have connected to great minds. Places I never imagined to go in the next 5 years, I’ve been. I’ve stood on small platforms I never imagine at this time. Courtesy of Jamalife Helpers Global Network Narketing business.

I’ve even come to discover potential i never believed I have.

And to top it up. I’m learning, growing and earning.

All these happened because I took the action to join Jamalife Helpers Global Network Marketing Business.

Many of us, when faced with unique opportunity as this, tend to incapacitate ourselves by reminding ourselves of what we can not do.

You even hear a talkative saying I can’t talk to people. Or I don’t have anyone to talk to

You hear a sanguine person who’s a friend of all in his/her neighborhood, work place, church, mosque etc. With over 5,000 friends on Facebook, 10,000 followers on twitter, Instagram respectively, say, “I don’t have anybody to introduce”

You see a person who spends an average of N10,000 daily saying “I don’t have money now. I’ll let you know when I have money to register”

This is the fear of taking risk. Life itself is a risk, Success is risky. You must take risk to be successful.

In Jamalife I always say this. We take calculated risk. That is the best way to life and success

Here’s why I call it calculations risk 

You register with N2,000 and introduce the first person, you earn N200. Then the second person and you get a total of N400.

You two persons get their two each. They earn and you earn N200 × their 4 persons = N800. When you add you get N1,200 and enter stage 2.

You started a business of N2,000 and earned N1,200 in your first stage which can be done with in a day or two.

Meaning you’ve gotten back N1,200 out of the N2,000 you invested.

Remaining N800. Remember Jamalife registration is a once off payment. You don’t pay anything again.

In stage 2, you have N8,400 to earn from the 14 persons who will come under you in stage 2.

When the first person comes under you, you earn N600 ($1.50) and the second person, you earn another N600 ($1.50)

When you sum, you’ve earned N1,200 from the two persons you have under you in stage 2 plus the N1,200 you earned in stage 1, gives you N2,400

Can you see how easily you have gotten back your N2,000 you registered with, and with a balance of N400?

Did you lose anything by investing in the business? Answer for yourself.

Back to our compensation plan, counting this profit, you have another N56,000 to earn in stage 3.

N308,000 to earn in stage 4 and you’ll get N50,000 ShopRite vouchers to shop free.

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The starting point of achieving all this goodies and wealth is the right mindset.

POSITIVE MINDSET. Don’t write off yourself. Your condition can be changed.

What you call your disadvantage can become your advantage, when you pay less attention to it in your quest for improvement.

In Jamalife, we are trained to become successful.

Even those who don’t know how to introduce people ends in praise after registration.

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FREE Powerlikes - How To Get instagram Likes From Real Influencers

So after all the drama, I caused lately about powerlikes and companies that are selling fake powerlikes I decided to show people how powerlikes work, how to get them for free & break that stupid lie that I also sell powerlikes and that I'm competition to those companies I mentioned.


What are the powerlikes?

Likes from the big pages who actually also doing business via Instagram. In order to call some profile capable of being part of powerlikes network, it should be at least 5k(real) in a certain niche, to post frequently, to have decent engagement (real). Same goes for powercomments.

How powerlikes works?

Well once that big page likes your post, the algorithm picks it up and store the data, it gives a chance that a certain percentage of followers of that page see your post on explore more page. More pages liking your posts expand possibilities of your hitting explore page, also better ranking on the certain hashtag. When pig pages like or comment your post, algo picks it up and you have way better chance to hit explore page.

Is it that effective?

Well when I first heard and tested powerlikes back in 2015-2016 it was way better and easier to rank. For example I was part of engagement group of about 200 members, we supported each other and almost every single time everyone hit explore page. Those were the gold times, amazing growth and everything with it. But things changed lately, of course Instagram picks up those engagement groups & likes and you need to have some better strategy in order to hit that explore page and actually go viral besides only using powerlikes or something similar.

Okay, well how to get those powerlikes for free?

It's called engagement group. Those groups are located on Telegram and are full of people who like each other and comment each other on a daily basis. There is tons of different profiles in the groups, some with 5k some with 500k, some even verified profiles.. I mean, tons of different people and profiles but those are real people, real pages, real engagement on their posts etc. So instead of buying "powerlikes" from shady companies that actually sell likes from profiles with 0 followers 0 followings you can get likes & comments from real profiles, real users, who browsed from real app phone etc...

How to use groups properly?

I will now explain you what is the best choice to do things and maybe hit explore and better reach.

Post your content in the peak time, it is very important because the first 20-30 minutes of the real engagement is really crucial to getting more exposure. So be sure to post your content in the time you have the best engagement from YOUR FOLLOWERS.
After 20-30 minutes of your real engagement, begin with engagement groups, choose first those x5 x10 groups because that will make everything drip feed then after hour or two escalate to those x50 likes groups (you can use automation tools like jarvee to give those likes back autopilot, figure out the way yourself).
In the fist 2-3 hours reply to all of your comments (Instagram pick those things up)
Content is the king guys, if you post basic stuff that people saw many times, don't even bother with groups.

Bad things about groups?
​
You will see tons of retarded comments on your posts that have nothing to do with your post because people are just lazy and do it all automatic. For this, I prefer to just add on my content something like "Yes or not?" or "Rate 1-10?" then proceed with detailed description and hashtags.
You can expect likes & comments from really small accounts like 1k-2k, those are the newbies who are just starting out, but still they are not fake people or profiles, so it goes nice.
You won't receive exactly amount of likes or comments, because there is tons of leechers who doesn't return at all.

So basically, if you have one profile or two, these things don't take too much of your time, you can do it while drinking coffee or having a breakfast (literally 10 minutes) + if you use Jarvee or any other tool it will be fully automated (except comments). You don't need to pay companies that claim they got powerlikes, because they usually don't, and they deliver you spammy likes. If you have any problems or questions, drop them down and I will help you!

join telegram group here lU8Telegram