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Welcome to the Newbie Monday Weekly thread at /r/bitcoinmarkets!
This is a weekly thread where you can ask any basic questions related to bitcoin trading without shame or embarrassment.
Some rules:
First and foremost, check out the links on the subreddit bar on the right as well as our Wiki for answers to common questions and good reading material on basic guides, strategies and indicators.
There are no questions too stupid, as long as they are about what to do and how to do it in bitcoin trading. If you don't like a question being asked - you don't have to answer it.
Be respectful, no name-calling.
Try to source your answers or support with chart examples, links, etc where possible.
This is not a a thread to ask rhetorical questions about the state of bitcoin. "With the halvening coming up, isn't it stupid not to buy every dip?" or "With only 2.7TPS how can bitcoin support a global economy" are better questions for the weekly fundamental thread.
Past Newbie Monday Threads - Link
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Nice to have gotten your attention Roger. I must say I am disappointed you have played your DSV cards early as I thought you had read Sun Tzu. By all means play those DSV cards but why did you not keep them to yourself for a while? This all seems like a massive Proof of Social Media/Influence battle to me which is not how Bitcoin is supposed to work. However that's off-topic right now....
You wanted an explanation of the shill allegations against me which are quite serious I suppose. As you're a great guy and I respect you - I shall offer you my full confession as yes we can all make mistakes - even me...
OK so I made a big mistake in my shilling by badly cropping a screenshot that revealed some text that wasn't supposed to be there.
I am now going to reveal all cause I don't want to be seen as bad guy as I was forced into doing this...
We've had the argument that hashes only matter and that Proof of Social Media is wrong, so it seems ironic that social media has caught me out. I'm tired, been posting too much and I took 20 minutes to notice, and by that time I posted a new version and deleted the badly cropped post and thought nobody had noticed....
But then I see this post :-
Jimbtc is a shill (self.btc) submitted 25 minutes ago * by Zectro I just noticed that jimbtc posted the following thread twice. I couldn't figure out why he deleted it, since the original thread contained the same title and content. Then I looked more carefully at the image it links to. Notice the text at the bottom:
<<< END OF POST >>> COMMENT: DON'T PASTE TIL WE HAVE CONFIRMED 10 UPVOTES READY AND THA... CONFIRMED FROM THEM <<< NEW POST 69bb3c154289716F9BA58C594E7D59A9A99D0B69 >>> COMMENTS: (to be posted around 19:00UTC for maximum lunchtime exposure on West Coast)
We, the BCH community are under attack. EDIT: He just deleted the picture. I grabbed it and just uploaded it to imgur EDIT 2: I'm shaking. Even I didn't expect the astroturfing was this professional and organised.
OOPS! I GOT BUSTED!
/u/zectro is right. These are the events that occurred. I made a bad crop, posted the post... deleted it 20 minutes later... and then posted it correctly cropped without that secret text that wasn't supposed to be there. He noticed it. Well done for your keen eye Zectro.
Yes it is true. On Social Media people will deceive you, people will lie to you, it is dangerous to let social media or even the internet be a barometer of anything. As I always stand behind hashes being more important than Proof of Social Media (I am after all a Bitcoin SV supporter) some might have noticed a hash there in my accidental screenshot.
69bb3c154289716F9BA58C594E7D59A9A99D0B69
It looks suspiciously like a SHA1 hash..... hmmmm a hash of the next secret message to post from my shill-masters perhaps? Maybe even something from Craig himself.....
Well I'll let you all in on the big secret.... Fire up your terminals.
$ echo This is a fake troll post message intentionally designed for someone to find it in my screenshot, just to see how ridiculous people can go into thinking I am a shill. Proof of LOL I call it | shasum 69bb3c154289716f9ba58c594e7d59a9a99d0b69 -
I shall repeat once more. ONLY HASHES MATTER. When it comes to Bitcoin - Proof of Social Media, text written by humans etc... etc... is no proof of anything at all. ONLY HASHES MATTER.
LOL
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Latest Bitcoin News:
Bitcoin News Summary – November 5, 2018
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
An Updated Guide — 11/4/2018
How to buy Peercoin There are many ways to buy Peercoin, although it may depend on your previous exchange access or location. You should have a Peercoin wallet set up previously to making a purchase so that you have a place to store your Peercoin.
Fiat gateways In order to purchase Peercoin directly with a bank wire or debit card, there are several options for direct purchase, although these primarily support European wire transfers and purchases. If you want to directly purchase with a card or bank transfer, you can use the following sites:
The Rock Trading —https://www.therocktrading.com/ TheRockTrading offers SEPA direct deposits and offers Peercoin directly on the platform, while offering no trading fees on PPC.
AnycoinDirect—https://anycoindirect.eu/en/buy-peercoin Supports EUR
LiteBit—https://www.litebit.eu/en/buy/peercoin Supports EUR
Livecoin.net—https://www.livecoin.net/ Supports both USD/RUR/EUR deposits
If you are in the US, the above websites may not be available. You must use an exchange that accepts you must buy a cryptocurrency like Bitcoin and transfer it to an exchange that lists Peercoin, which will be discussed at a later time.
Coinbase—https://coinbase.com Coinbase is one of the most popular broker sites and is arguably the most commonly used for US based citizens.
Gemini—https://gemini.com Gemini also offers fiat purchasing options for Bitcoin with bank wire options.
OkCoin—https://www.okcoin.com/lang/en-US/ Offers fiat deposits by wire to buy Bitcoin and other common coins.
It is strongly recommended to purchase Bitcoin as it has the most traded pairs for the exchanges that list Peercoin which will be discussed in the section below. Once you have made a purchase, send those coins over to your chosen exchange and make your purchase of Peercoin.
There are other websites that can be used to buy Bitcoin with a debit or credit card, and there are a plethora of guides available on these sites. We suggest you find a reputable site with low fees and a large number of positive user reviews over time.
Over the Counter (OTC)
i2 Trading—https://i2trading.com/
i2 Trading offers OTC deals for Peercoin with 100k minimum order sizes.
Exchanges If you already own cryptocurrency, the section about fiat gateways can be skipped since you most likely already have one. Below is a list of exchanges which support Peercoin and where it can be traded actively. Send your coins there and you will be able to purchase Peercoin.
PPC/BTC Pairs
Bittrex—https://bittrex.com/Market/Index?MarketName=BTC-PPC
Cryptopia—https://www.cryptopia.co.nz/Exchange?market=PPC_BTC
HitBTC—https://hitbtc.com/PPC-to-BTC
Livecoin—https://www.livecoin.net/
Poloniex—https://poloniex.com/exchange#btc_ppc
The Rock Trading—https://www.therocktrading.com/en/offers/PPCBTC
Tux Exchange—https://bx.in.th/BTC/PPC/
Each exchange comes with a variety of fees both in trading and withdrawals and user experience may vary. As always, use strong passwords, 2FA, and cold storage as needed.
Once you have made your purchase, you can withdraw your coins to the wallet you have chosen.
EDIT: Will try to keep this updated as exchanges come.
Link to Medium post: https://medium.com/peercoin/how-to-buy-peercoin-58b48ab58315
