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Bitcoin for Beginners

Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
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Kraken Review - Is Kraken the best place to buy Bitcoin?

Kraken Review - Is Kraken the best place to buy Bitcoin? submitted by ShrimpyApp to Bitcoin [link] [comments]

Read this Kraken review: all about the founders, solvency, security, Bitcoin Cash, investors, history....

Read this Kraken review: all about the founders, solvency, security, Bitcoin Cash, investors, history.... submitted by teal_cat to btc [link] [comments]

Fastest platform for a newbie to buy bitcoins in USA?

Hey guys, what's the fastest way for a newbie to buy $3k worth of bitcoins in USA? I'll like one with a fast verification (within hours at most). I've been digging around but I can't really find any straight answers. What would you recommend?
submitted by kill-me-in-june to Bitcoin [link] [comments]

Kraken Review – Is This Bitcoin Exchange Reliable?

Kraken Review – Is This Bitcoin Exchange Reliable? submitted by CoinBriefBot to CoinBrief [link] [comments]

Kraken exchange | Kraken reviews | Kraken information | Kraken trading /r/Bitcoin

Kraken exchange | Kraken reviews | Kraken information | Kraken trading /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

08-10 20:42 - 'Kraken exchange | Kraken reviews | Kraken information | Kraken trading' (i.redd.it) by /u/Camilajane removed from /r/Bitcoin within 519-529min

Kraken exchange | Kraken reviews | Kraken information | Kraken trading
Go1dfish undelete link
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Author: Camilajane
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Requested reviews: Coinbase or Kraken? /r/Bitcoin

Requested reviews: Coinbase or Kraken? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Reviews/Comments regarding Kraken and/or GDAX for a US Exchange? /r/Bitcoin

Reviews/Comments regarding Kraken and/or GDAX for a US Exchange? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Kraken review. Got my bitcoin through korean local bank transfer.

Wired the money through local bank and got my bitcoins in just a day. This is fast. Read some review in this subreddit, just wanna give a shout out to Kraken for providing a good and fast service.
I can finally spend my bitcoin for bread. incase you don't know : bitcoin for bread
submitted by tplus1 to Bitcoin [link] [comments]

PSA: Predatory exchange checklist

Everyone please, I would seriously advise you to stay away from exchanges that have predatory practices that take advantage of new users and first time depositors, because they have no other way to make money. An exchange that is functioning properly makes money on either their trading fees or their spread. I am writing this to all the new people that are looking for bitcoin exchange/broker options in Canada.
There are certain things you should look at and if the exchange in question has any or a combination of the following I would suggest you stay away, as the practices of these exchanges are the reason they are running on fumes and I would not like to see anyone on here get caught in another exit scam.
  1. Deposit or Withdrawal fees on fiat or crypto (unrealistic amounts). There are plenty of other exchanges with no deposit or withdrawal fees and if the exchange is successful, this is not needed at all and is a failed business model in Canada.
  2. Minimum withdrawal or deposit amounts on fiat or crypto (within reason). You should be able to deposit and withdraw as much as you'd like without restriction. This is a tactic that will most likely cause you to have to bring your balance up to a certain amount before you can withdraw. I would not consider this to be the case if the amount is $5 or less, as it does cost money to send bank wire and e-transfer.
  3. Holds on funds and bank like activity (not including fraud concerns). No exchange should have to have a hold on any funds for any reason. It is your money and they are not a bank.
Right now in Canada, there are two highly rated exchanges that have the best history with almost no complaints on reddit (or any that seem to be of valid concern). They are Shakepay and Newton, which function much the same but their own unique properties and services. I am bi-partisan on what exchange you choose because they both have solid foundation, very good history and customer reviews and highest volume, but stay away from anything but them at this point is my advice to any newcomers reading this.
Edit: Although Kraken is technically based in the US, they are a very reputable exchange and service Canadian clientele, I'm just referencing exchanges based I'm Canada right now.
Edit 2: If an exchange has deposit or withdrawal fees, they should have a good justification for it, such as VERY low trading fees or margin account, cover mining fees or anything that you can logically see that would absorb this cost.
Edit 3: (June 23, 2020) Newton has just launched their Pro version with NO TRANSFER FEES in and out and just 0.1% trade fees. I would suggest for trading spot BTC/CAD or other crypto pairs on their exchange, as Coinberry, Coinfield, NDAX, Coinsquare all charge you $25 to access your money, which is insane.
submitted by west_coast_ghost to BitcoinCA [link] [comments]

Bitcoin at $ 288,000? BTC price shows bullish signal like 2016

Bitcoin at $ 288,000? BTC price shows bullish signal like 2016
Bitcoin's price development has been relatively stable in recent weeks.
The cryptocurrency has been trading in the $ 9,200 range since early June, which is the price at the time of publication.
However, Bitcoin is currently showing signals that could indicate an upcoming bull market.
According to a report by the Kraken Stock Exchange, Bitcoin is only a 10% jump away from entering a massive upward trend.
As Kraken describes, to enter a bull market, Bitcoin must break the key resistance at $ 10,500, as shown below.
https://preview.redd.it/0d4bm64zsla51.png?width=1276&format=png&auto=webp&s=b3a670c135792f34af6714fc8ab9d48cef7dc77e
With that in mind, the report says Bitcoin could soon break resistance or take the risk of testing support at $ 6,000 to $ 7,000.
This would end a period that some analysts have described as very stable. In fact, this is similar to the price development in 2016 and 2017, when Bitcoin initially tended to move sideways for a very long time and finally reached its all-time high of USD 20,000 in late 2017.
According to analyst Moon Capital, the Bitcoin hash ribbons have crossed, revealing a massive buy signal that has historically pushed Bitcoin's price up. The signal was also there before the 2017 Bull Run.
Therefore, the analyst predicts that BTC will rise to $ 288,000.
The "hash ribbons" indicator is based on the hash rate of the Bitcoin network.
It is calculated by comparing the short-term moving average and the long-term moving average of the Bitcoin hash rate. As soon as these two cross, a bullish indicator is generated.
A breakdown is considered bearish.
Capriole's digital asset manager, Charles Edwards, also noted the formation of this indicator.
However, Edwards recommended waiting until midnight today (July 12th UTC) for the crossing of the hash ribbons to be confirmed. He also said the BTC price for confirmation should close above $ 9,230.

Bitcoin fundamentals support upcoming uptrend

On the other hand, Bitcoin's fundamentals seem to support a bull market. Bitcoin's hash rate has increased significantly since the difficulty adjustment in June.
According to blockchain.com, the hash rate of Bitcoin reached a new high of 125.99 terra hashes per second (TH / s) on July 7.
In this context, analyst and inventor of Bitcoin's stock-to-flow model, Plan B, said Bitcoin has weathered the worst of the past few months.
In addition, he stressed that the cryptocurrency will soon peak at its hash rate, confirming the good health of the Bitcoin network.
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry
Over the past decade, the crypto-industry has proven to be a unique industry with a specific audience, which requires a no less specific approach. In this regard, in 2020, the advertising activity of crypto companies is significantly different from that to which banks and various financial companies resort. Industry leaders prefer not to rely on traditional online advertising on Facebook, Instagram and YouTube. They follow a different path: they work with bloggers (opinion leaders and influencers), rely on MLM marketing referral programs and actively organize various contests and sweepstakes with generous prize pools. The CoinDesk portal claims that crypto marketing this year is strikingly reminiscent of marketing in the beauty industry, and here it is no less effective.

General concept

Michelle Fan, a blogger with a million YouTube subscribers, is using the same techniques to spread skin care life hacks and the idea of financial freedom through bitcoins. Moreover, she assures that the leaders of the crypto industry, like her, use marketing schemes from the beauty industry, even if they themselves do not know about it.
Both areas prefer to use the DTC (Direct to Customer) business scheme, independently creating and then promoting and selling goods / services, working as closely as possible with the community. Sales are built through aggregated retail platforms like Amazon, Etsy and Shopify, or even through accounts in popular social networks.
Industry leaders in developing countries often resort to the latter option, where large sites like Amazon simply don’t work or aren’t popular. For example, Michelle Haber, a bitcoin maximalist from Libya, made it clear in CoinDesk’s comment that social networks and chats are today the most effective way to distribute goods / services in crypto topics. He said that local traders in order to “educate” the audience help buy hardware wallets, selling them through groups on social networks. Buying yourself Trezor or Ledger in another way is often simply impossible.

Work with opinion leaders

Michelle Fan is not the only person from the crypto-community who notices the similarities with the beauty industry. So, Maria Paula Fernandez, who actively uses the services of the DeFi sector and is seriously interested in the topic of skin care, gave the CoinDesk portal a similar comment.
She notes that in both cases, society has become accustomed to relying on the opinion of society itself, rather than trusting the views of the world’s leading media. Therefore, in both sectors, the so-called influencers are very popular — opinion leaders and bloggers who disseminate information among their audience on YouTube, Instagram, TikTok and other social networks, receiving a reward for this.
Crypto-companies very often, like firms from the beauty industry, provide their products to opinion leaders for review and further “instruction” of their subscribers. Maria Paula Fernandez does not see anything shameful in this. Observing the experience of bloggers, subscribers begin to acquire a kind of crypto-education and disseminate the information through the word of mouth. Thus, the crypto-community grows.
The most successful bloggers over time can count on sponsorship from one or another crypto company.
For example, the podcaster Marty Bent, whose show is now funded by Unchained Capital and Square, the developer of Cash App, witnessed this scenario. The latter, by the way, in addition to Bent sponsor also podcast Joe Rogan and rapper Lil B.
Many other large companies, including the Kraken exchange, have resorted to this strategy. They are just as interested in sponsoring reputable content creators who promote products among loyal subscribers. The U.S. exchange sponsors the Reckless VR crypto start-up, founded by Udi Wertheimer for crypto-conferences in virtual reality, and the famous podcast Peter McCormack, who launched his own media brand Defiance last year. Having started his career as a hobby, McCormack turned it into a business of his life, thanks to which he earned about $1 million for 2019.
With all this, working with bloggers is a great opportunity to enter foreign markets. This is understood at Crypto.com, where they use opinion leaders to attract the Russian-speaking and Turkish-speaking community. Does this approach give a result? Judge for yourself: over the past six months, the number of startup users has doubled and currently stands at more than 2 million people.

Referral Bonuses and MLM Marketing

The development of products within the community often turns into MLM marketing strategies, which require the presence of referral bonuses and bonuses “in depth” — favorite schemes of cosmetic brands. They use a multi-level reward system for attracting partners, where you can usually get a bonus not only for personally invited, but also for “friends of friends and their friends”. Thus, opinion leaders who distribute crypto products often receive a portion of the funds that people invited by them will pay for the product / service.
The relevance and effectiveness of the trend is confirmed by the fact that these methods are not shy to use not only crypto start-ups, but also top cryptocurrency companies, widely known throughout the industry. A prime example is SatoshiLabs, a company that manufactures and distributes Trezor wallets. The head of communications, Iva Fizerova, confirmed that she is actively resorting to “affiliate marketing” with bloggers as an alternative to paying them for direct advertising.
No less vivid examples are the largest crypto exchanges Binance and Gemini, which managed to succeed not without the help of referral systems copied from the multi-level marketing campaigns Avon and Mary Kay, which they have been using for decades.
Instagram blogger Chjango Unchained has been earning good bonuses for several months running after posting a referral link to Gemini on her profile. When her subscribers register on the exchange and buy cryptocurrencies worth more than $100, she receives $10 in BTC. According to her, she is doing a good deed. The blogger wants people who are interested in her opinion on digital money to start their crypto path on Gemini, and not, for example, on Coinbase, because the latter charges “crazy commissions”.
Referral system bonuses are a typical phenomenon for many crypto companies, and successful bloggers are happy to use this. A prime example is Michael Gu, known by the pseudonym Boxmining. It has been distributing information about digital money since 2012, having gathered an audience of more than 200,000 subscribers on YouTube and more than 3,500 participants in Telegram chat during this time.
Despite the fact that the manufacturer of hardware wallets Ledger does not sponsor its activities, it places referral links in the video descriptions and collects voluntary donations from subscribers. As you might guess, he feels rather well. At the same time, he emphasized that user activity during the coronavirus pandemic is only growing, especially after YouTube began to put sticks in the wheels of the creators of crypto-content.

Gifts, contests and sweepstakes

Making a small gift is a great way to introduce an audience to a new product. In the cryptocurrency market, this has long been relevant.
Coin creators eagerly carry out airdrops and bounty campaigns, allowing the crypto community to test the new coin. A similar approach is popular in the beauty industry. Samplers of perfumes and branded magazines with smells have led many girls to buy full-fledged versions of the fragrance.
In addition to the cryptocurrency developers themselves, a similar approach is also used by cryptocompanies of a different direction, which cannot conduct airdrops due to their technical features (for example, this is true for manufacturers of hardware wallets). Therefore, they organize more classic contests and sweepstakes. For example, they play a wallet for reposting on social networks or videos published on YouTube.
It is noteworthy that cryptobrands in this area are even more active than cosmetics manufacturers. They work not only with trusted bloggers with many subscribers, but also help to become less “untwisted” users. Therefore, they periodically assist them in organizing draws in order to attract subscribers who could potentially become new customers.
Iva Fizerova from SatoshiLabs confirmed that Trezor manufacturers periodically help users attract new followers through the distribution of gifts. Moreover, this approach brings excellent results. By working with the community this way, they have managed to sell hundreds of thousands of wallets. But most importantly, a reputation of the brand has formed around the product, warmly received by the audience. An