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Lifehacker's Guide To Investing In Bitcoin | Lifehacker ...

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Chances are good you've at least heard of Bitcoin and the concept of digital currencies. Lately, they've been in the spotlight more than usual.

With good reason. Bitcoin prices have skyrocketed from just under $1,000 for one Bitcoin on January 1, 2017 to more than $6,000 at the beginning of November 2017.

That's 600% in less than a year.

Enough people have made a decent amount...

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Ask LH: What Is Bitcoin And How Can I Use It? | Lifehacker ...

Dear Lifehacker, Everywhere I go, I see Bitcoin popping up. Many web services accept payments in the form of Bitcoin, and some even sell their homes for the stuff . I know it's a digital currency, but where does it come from and how is its value determined? More importantly, should I bother earning it and using it for any reason? Thanks, Bitconfused

Dear Bitconfused,

Bitcoin is a digital currency...

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Four Factors Driving The Price Of Bitcoin | Lifehacker ...

Bitcoin just blew past the $17,000 mark. Last month, the price dropped to around A$8,000 shortly after almost hitting A$10,000, and rising over 1,850% since 2015 . By the time you read this, the price is likely to have changed dramatically again.

All of this shows how volatile the currency is, which prompts the question - what's causing such huge movements? Here are four factors you need to know...

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A Beginner's Guide To Bitcoin In Australia | Lifehacker ...

Bitcoin is a form of cryptocurrency that can be used to purchase everything from online goods to multi-million dollar mansions. They are currently more valuable than gold, with a single Bitcoin equalling more than three thousand Australian dollars. Needless to say, there is a huge amount of interest in bitcoin and it's not too hard to start mining bitcoins of your own.

What are Bitcoin?

Bitcoin...

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If You're Transferring Bitcoin, Be Careful With QR Codes ...

Here is a story that makes me want to vomit.

I recently experimented with buying Bitcoin, and bought a relatively small amount. Not a huge amount, but enough to be extremely upset if I lost it.

And guess what, I almost did. Because of QR codes.

For a bit of background, here's how the Bitcoin buying process works. First you buy from an exchange. You're welcome to hold your Bitcoin on that exchange...

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Related topics : bitcoin address qr code / bitcoin wallet address check / get a bitcoin wallet address / create a bitcoin wallet address / make a bitcoin wallet address

Only Buy Bitcoin If You're Ready To Lose It | Lifehacker ...

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If you've been tempted to get in on the blockchain currency racket, first read tech writer Mark Frauenfelder's story of losing access to $US30,000 ($39,186) in bitcoin. Ask yourself if you could handle the stress of trying to guess a seven-digit PIN, knowing that every time you guessed wrong, your money would get locked away for hours, then days, then years. Ask yourself what...

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Related topics : cryptocurrency mining sites / bitcoin mining computer buy / bitcoin trading sites / bitcoin mining computer power / ways to buy bitcoin online

Where Can You Spend Bitcoin In Australia? | Lifehacker ...

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Bitcoin's had a bit of a rocky end to the year. After clearing the $25,000AUD mark earlier in December, in the lead up to Christmas its value plummeted and people panicked. Especially new Bitcoin investors, who thought the going was good. It seemed everyone wanted to get rid of their coins before it dropped any further - but where exactly can you spend your bitcoins in...

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Related topics : accept bitcoin payments / best place to buy bitcoins australia / buy bitcoin fast australia / what can you buy with bitcoins in australia / best way to buy bitcoins australia