MISFIT/bitcoin_pioneer_pdf.md

# bitcoin pioneer


---

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Created just 3 years ago, the new fully independent currency
BITCOIN is about to take over the world!
And if you jump in fast, you can be one of those who’ll rip all the
benefits. Remember, the early bird catches the worm
Today you are among the first Pioneers, the guys who will be on the
edge of the new technology and rip all the benefits! Take advantage
of this opportunity before it’s too late!
This book was created first only for our inhouse use with the most
important links about Bitcoin to help you get started fast with
Bitcoin before the rest of the world!
Enjoy!
P. S. Remember if you plan to profit, you need to use the best
automated tools possible. This is where Bitcoin robot, the first fully
automated trading robot comes to your help! You can download it at
www.BtcRobot.com
Yours,
BtcRobot.com team

What are cryptocurrencies?
A cryptocurrency is a type of digital currency that is based
on cryptography, you know: public, private keys, signing,
SSL, DES, etc. Why? Well, for the usual reasons that you
choose to encrypt your own data. Confidentiality mixed
with the security to making money difficult to counterfeit.
Since cryptocurrencies often exhibit a distributed nature,
asymmetric cryptography (i.e. public and private keys) is
often preferred over single key schemes.
Leaving the technical view aside cryptocurrencies also
have political meaning. They are considered to be a
“counter-culture” movement similar to cypherpunks (tech
and cryptography enthusiasts) and the traditional hacker
spirit (e.g. Richard Stallman: “free software, free society”), to
change the political society.
Gavin Andresen, lead developer of “The Bitcoin Project”
told forbes that cryptocurrencies are an attempt to have a
decentralized “currency of the people” with no interfering
of a central bank.
One of the perks of distributed, global cryptocurrencies
are that they’re basically fiat currencies, meaning that the
value is dependent on the people’s estimate of it’s worth,
i.e. its value is basically determined by supply and demand.
Also they are not subject to central regulation, thus a
central bank such as the Fed (Federal Reserve System)
cannot lower or increase their value.
A side-effect of decentralization is that it is hard to
impossible for law enforcement to freeze, or wipe, user
transactions and accounts. Law jurisdiction also has a hard
time to track payments committed by users, this makes
it hard to block what would otherwise be illegal niche
markets (such as illegal drug acquisitions).

The most famous representative for a cryptocurrency is,
you probably guessed it already, Bitcoin ( ).
฿
What can I do with Bitcoins?
Well, for one thing you can do what you do with traditional
currencies, such as Dollars ($), Yen (¥), or Thai Baath ( ,
yes the Bitcoin symbol is the same as Baath). You can buy
฿
products from various stores, you can trade them, obtain
them by trading services, but also give Bitcoins as a gift.
Although Bitcoins are usually an online currency, i.e. with
no physical manifestation such as coins or paper, minting
services have evolved1, that provide means to mint your
digital Bitcoins in physical form (see Illustration 1). What
we will discuss below are Bitcoin wallets (which are
similar to regular wallets), Bitcoin trading markets (i.e.
MT-Gox), and Bitcoin shops where you can get products for
Bitcoins.
Illustration 1: Casascius (Real) Bitcoin, taken
from www.casascius.com
1 https://www.casascius.com/

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Security (for non techies)!
Security for Bitcoin users comes in various flavors, the
most important ones:
(1) Are Bitcoins fraud-resistant? Yes, Bitcoins are
based on complex mathematical theorems that prohibit
manipulation of coins in any way (i.e. change the value of a
coin to an arbitrary amount).
(2) Are transactions save? Bitcoin transactions don’t
happen instantaneously. The transaction is verified by
the peer-to-peer network of Bitcoin users, in a best-
effort analysis. If there are multiple positive confirmations
(many more than negative ones) from the network, the
likelihood of a valid transaction is very high. The down-
side is that therefore the transaction can take a few
minutes.
(3) Erroneous transaction? If you send Bitcoins to
someone and want them back, they’re gone. So, Bitcoin
transactions are not reversible (obviously if the receiver
sends the money back you’re ok). But keep in mind: If you
send money you better make sure that the address is
correct.
(4) Is my wallet save? Ah yes, just as in real live you
absolutely have to take care of your wallet. What a wallet
is and various implementations (yes, a wallet is a piece of
software) is covered below.
(5) Do shops scam? There are many trusted shops, some
of them will be discussed below. Again as in real life, there
are evildoers out there to get your money! Select carefully,
check their ratings and you will do just fine.
(6) Last but not least, are transactions anonymous?
Bitcoin increases the anonymity of traditional payment
systems manifold. Whereas traditional payments over

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wire, credit card, etc. can be tracked easily, since sender,
recipient, and transfer institute (i.e., the bank) are always
known, with Bitcoin usually only a recipient id and sender
id (both being public keys that can be changed arbitrarily
often), and an IP address are known. If none of these
items can be mapped to a user the identity of the
participants in the transaction is undisclosed.
Mining? Is it reasonable?
Bitcoins are based on blocks. Blocks are data containing
information about past transactions and contain a hard
to solve mathematical problem. To add a block to the
block-chain demands some serious processing power.
As an incentive whoever solves this problem and sends
the solution to the network (i.e. is able to produce a block)
receives (at the time of writing) 25 Bitcoin as reward.
If somebody solves the operation before you do it, your
work is lost and you receive no reward. Furthermore
the difficulty of the problem is increased or decreased
every 2016 correct solved blocks, depending on the total
amount of calculation power available in the mining
network. In addition, the reward per block is halved every
210.000 solved blocks. For that reason, also the number
of existing coins is limited to 21 millions. Given the
current progression in mining capability the last coin is
conjectured to be mined between 2033 and 2140.
Summarizing: Who offers calculation power to the
Bitcoin network is rewarded with coins. Hence, every
day new Bitcoins are created from miners and new miners
join the network every day. In order to keep the complexity
of mining steep self-regulating algorithms have been
included to Bitcoin to adjust to new processing power.

Therefore the work or mining becomes harder for each
block.
Assuming you had decided decided to start mining in 2009
and never sold a mined coin prior to 2013, you should be
rich by now.
If you want to you can start today, you can still make
some money, but keep in mind: the golden mining era
is past.
Let us give you more details about why that is: The amount
of total existing Bitcoins is limited and the amount of
Bitcoins that can be mined per successful solved block is
also fixed. The performance when you are mining Bitcoin
is measured in MH/s, meaning millions of hash operations
executed per second by your PC. In 2009, a normal PC with
a common CPU was able to produce hundreds of Bitcoins
per day, basically because the network had low computing
power and there were almost no transactions (A geek
hobby). But with the success of Bitcoins, the rising of
brokers and the increasing value in dollars per coin, more
and more users discovered this fascinating world. Hence,
mining became ever more unyielding. To counteract this
trend CPUs were replaced by GPUs, which were replaced
by Multi-GPU rigs and now ASICs (Application Specific
Integrated Circuit), hardware specifically designed with
only one purpose: mining Bitcoin.
For this reason, mining Bitcoins with a common CPU
is useless today. Mining with a good AMD distinct GPU
(AMD 78xx, AMD 79xx) is ok, but will not make you rich.
Making money heavily depends on your local energy price,
hardware costs, and (obviously) the exchange value of
Bitcoin.
Using an NVIDIA card at the time of writing also seems to
be useless, since there are no good GPGPU implementations

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for mining for this manufacturer. To give you an impression
about the current situation, at time of writing, an AMD 6970
is able to produce 0.0077 BTC per day, this is less than 0.8$
at an actual Bitcoin price of 100$.
We recommend to do the math before you start mining.
A Tip: Use a mining pool where you can share the work
(and also the reward) based on the provided calculation
power with other miners.
The links at the end of this chapter give you information for
mining pool pages and Bitcoin itself. We suggest you make
use of BTC Guild or Slush’s pool. They provide as a good
starting point.
Links:
Here some comparisons and calculation links to give you
an idea and help you to make your math.
[1] http://bitcoin.org/bitcoin.pdf
[2] Hardware comparison for GPGPU mining
http://mrlithium.blogspot.co.at/2013/02/bitcoin-mining-
hardware-comparison-7850.html
[3] To give you an example of the power of special mining
hardware in comparison to GPGPU
http://bitcoinexaminer.org/7-awesome-asic-bitcoin-miners/
[4] Calculation sheet to determine how much money your
mining rig brings you
http://www.bitcoinx.com/profit/
[5] Bitcoin Mining pools
https://en.bitcoin.it/wiki/Comparison_of_mining_pools

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Conclusion
If you want to start with Bitcoins and you don’t want to
spend money on brokers, you can still mine coins. But this
is pretty much to search for gold nuggets in a river or trying
to find the needle in a haystack. Maybe you find something,
maybe you waste your time. Our suggestion: if you want
to make money with Bitcoins, don’t mine them, trade
them!
What do I need to start?
The first thing that you should install is a so called Bitcoin
wallet. Bitcoins are a decentralized currency. No bank
account is needed. For that reason, a Bitcoin wallet is
the counterpart to your real money wallet. You can store
your Bitcoins in it, use it to send Bitcoins to other persons,
and of course receive Bitcoins even if you are offline. If you
lose your wallet, forget your password, or (heavens forbid)
somebody steals it, then your contained Bitcoins are lost.
Bitcoins are like real banknotes, they belong to the person
that owns them. So keep your wallet secure, make
regular backups and choose a secure password!
A wallet in itself is a very small piece of software for
windows, linux, or your smart-phone. You can see the
transactions in it, you can receive Bitcoins and send
Bitcoins using it. There is nothing more, small, simple, easy
to use.
Bitcoin.org is a good starting point if you need a wallet. You
can find several different wallets there. We recommend the
use of an open source version of a wallet, don’t use web-
based wallets or versions where the source is not available.
Remember: the web is dark and full of terrors (Yes,
nerdling, this is a direct quote from GoT).

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We suggest the original version of the wallet called bitcoin-
qt. But also the mobile version works very well and you can
have your coins always with you.
Bitcoin-qt (windows version)
Download the wallet from bitcoin.org first. After the
installation, you will see the main page of the wallet.
Now you have to wait. As explained, there is no central
authority in the Bitcoin network. Check the validity
of the transactions: No Bitcoin can be spent twice
from a user. You cannot send or receive Bitcoins until
this synchronization is done. Unfortunately this needs
time. Actually you have to download around 8 GB of data
containing the block-chains. If you have a limited available
data rate, you can also order the block-chains via DVD.
After you start your wallet, you will see the following
screen. As you can see, also my new installed wallet was
out of sync and I had to wait several hours till the system
was synchronized.

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After that initial step is done, it is highly recommended to
encrypt your wallet. Over “Settings-> Encrypt your wallet”,
you are able to protect your wallet. For every transaction
you will need to enter your secret password from now on.
So please use a secure password and store it in a secure
place. If you loose your password, also your Bitcoins are
lost. There is no central authority that can reset your
password, so be careful!
Bitcoins are sent and received using addresses.
Addresses are unique, long, alphanumerical strings
that represent the id of the person you want to send
Bitcoins. If you’re not careful it is entirely possible that
you send Bitcoins to the wrong person! Sending Bitcoins
to non-existent addresses does not work. To protect your
anonymity, a good wallet usually creates a new address for
each transaction. If you’re not interested in that feature you
can also opt to always use the same address. For example if
you send Bitcoins to some broker.
We strongly advice you to change the address for every
single transaction, since transactions are (as opposed
to urban legend) not anonymous! In order to secure
transactions, every single step in the transaction history is
recorded. But since you can change your address for every
transaction, you improve the protection of your anonymity
even if all steps are logged.
Synchronization of your wallet allows you to send and
receive Bitcoins. The fancy part of synchronization is that
you don’t have to be online to receive Bitcoins. In fact, if
you are offline and receive some coins, the transaction(s)
corresponding to the coinds is stored in the global
block-chain. Hence, when you finally come online and
synchronize your wallet Bitcoins come trickling in.

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Important to remember here is, Bitcoin transactions
not instant are (Yoda-speak!). You can send Bitcoins
to a friend, but in order to avoid fraud, the nodes in the
network have to confirm your transaction. You need to
have 6 confirmations in order to have a 100% confirmed
transaction. Usually this needs around 10 minutes, but
since this is a dynamic network, sometimes some more
time is needed. From the first confirmation on, you are able
to re-transfer received coins to another wallet.
So, now lets start. As a little welcome gift, go to freebitcoins
[1] and get your first 0.02 BT for free!
Links:
[1] https://freebitcoins.appspot.com/
[2] If you need a more detailed description about the
installation of bitcoin-qt, please have a look at https://
en.bitcoin.it/wiki/Getting_started_installing_bitcoin-qt
[3] Also an important further reading is http://bitcoinplaza.
blogspot.co.at/2013/02/how-to-backup-bitcoin-wallet-walletdat.
html where you can find information about how to backup
your wallet. Remember, if your wallet is lost, your Bitcoins
are also lost and nobody can give it back to you.
Mobile Apps
You may want to carry your Bitcoins with you, to pay at
a local restaurant for example. Or maybe you want to
trade them with local friends or resellers. Then a mobile
application (or App, as Hippsters call them) may be the
right tool for you. You can send and receive coins via QR-
code or use NFC. For more information about mobile apps,
visit the following sites

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Links:
[1] http://bitcoin.org/en/choose-your-wallet
[2] https://blockchain.info/wallet/android-app
[3] https://blockchain.info/wallet/iphone-app
Where to buy Bitcoins
There are several possibilities to get Bitcoins. You can mine
them as explained in a previous chapter. But nowadays this
method is not a top choice anymore. If you want to make
money with Bitcoins, becoming a Bitcoin trader is the best
choice.
There are different brokers out there. A Bitcoin broker is
like a regular stock exchange where you can buy or sell
coins.
The first place that you should visit is bitcoincharts [1]. This
is a site, where you can see the actual exchange values for
different brokers and currencies, but also statistic values
that should allow you to plan your purchases.
As you can see, there are several brokers out there. We
will discuss the biggest two in the next pages, Mt.Gox and
BTC-E.
[1] http://bitcoincharts.com/markets/
Mt.Gox
Mt.Gox [1] (pronounced “Mount Gox”), a Japanese company
founded in 2009, is by far the biggest Bitcoin exchange
on the web. In July 2013, around 54% of all exchanges of
Bitcoins were made using Mt.Gox. If you want to trade
Bitcoins, Mt.Gox should be your starting point.

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You can trade Bitcoins for US Dollar, Euro, japanese Yen and
many other currencies on Mt.Gox. It is also a very mature
and nowadays very secure platform to trade.
[1] http://www.Mtgox.com
Registration
Mt. Gox has a long history of hacks, attacks and problems
in its past. For this reason, the company spend a lot of time
and money to create a secure platform, avoid fraud and
become a more serious player (for example it implemented
measures against money laundering). Unfortunately this
also means that the registration is a little bit more complex
than expected.
First of all you need to register on the site. Because the high
amount of new accounts per day it can take a little while
till your receive the confirmation mail, so be patient.
Once you received a confirmation mail, you have to provide
your credentials like name, address, city etc. Mt.Gox is not
the right place for persons with a strong sense for privacy
anymore. If you want to trade, to deposit or withdraw
money in your currency, you have also to conform your
credentials sending copies of an identity document and a
bill (gas, TV, ect) via fax or email. The confirmation of this
documents takes 5 to 10 days. Doing so, Mt.Gox wants to
prevent any sort of criminal or illegal transactions.
During the last 12 months Mt.Gox became a very serious
bitcoin exchange that wants to have nothing to do with
some of the more semi-legal services on the web.
But there is no immediate need to provide your credentials
if you buy bitcoins somewhere else and want only to trade
with your bitcoins. Only if you want to remove bitcoins

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from your Mt.Gox account or if you want to send the
earned money, you have some limits till you confirmed
your identity. As mentioned, Mt.Gox tries to avoid money
laundery and bring Bitcoin to a serious level.
Furthermore you should secure your account with a Google
Authenticator key. You can download Google authenticator
via Apple Appstore or Google Play for free. The provides
key changes every couple of minutes and protects your
Mt.Gox account from password stealing. You can add your
Authenticator key in the Security center of Mt.Gox.
BTC-E
BTC-E is the second most largest broker for Bitcoins.
Since it is by far smaller than Mt.Gox, BTC-E tried
another strategy to be successful: the security is lower
and the anonymity higher on BTC-E. There is no need to
provide any kind of further credentials to trade on BTC-E.
Username, password and email, that’s all needed to start
making money on BTC-E. Furthermore BTC-E has another
special feature: alternative cryptocurrencies!
Excursion: alternative “cryptocoins”
What we didn’t wrote till now is, that Bitcoin is not the sole
crypto-currency on the web. With the success of Bitcoin,
and based on its open-source principles, other, most
smaller alternative coin-types came up. Usually the trading
amount is smaller, the price lower and they are somehow
related to Bitcoin, meaning that if the Bitcoin market value
goes up, also the value of this alternative coins rises and
reversal.
So, whats the difference between Bitcoin and lets say
Litecoin or Featercoin you may ask. To be honest, not much.
One of this alternative cointypes changes the mechanism

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behind the mining, so that ASICs and GPUs have not such a
big advantage against CPUs, other decreases the time till a
transaction is validated in order to speed up the transfer of
money. Probably none of this newer cryptocurrencies will
became as famous and high valuable as Bitcoin, but that
didn’t mean that you cannot make money with them. Check
the links below, read about their features and trade with
them if you want!
Links:
Some of this alternative coins are
[1] litecoins: https://litecoin.org/
[2] featercoins: http://feathercoin.com/
[3] ripplecoins: https://ripple.com/
[4] min-coins: http://www.min-coin.org/
Alternative exchange methods
But there are also alternatives to web-brokers! For example
if you want to be totally anonymous, you can look for local
reseller in your town or city. Localbitcoins [1] offers such
a service. And here is how it works: On Localbitcoins you
can create an advertising if you want to sell Bitcoin to
people in your own city. Or you can look for persons that
sell Bitcoin near to you. Usually the price for coins is higher
then, usually 5-10% over the actual market price in Mt.Gox.
If you want to sell coins, wait till sombody answers to
your advertising via mail. Then decide on a location, meet
the person, let you show the money and then transfer the
coins preferentially using your smart phone. When the
transaction ifs confirmed, take the money and the deal is
complete. Simple, secure, and totally anonymous!
Links:
[1] https://localbitcoins.com/

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Top 5 Bitcoin exchanges
by trading amount
As we have seen above there are multiple ways to attain
Bitcoins, ask a friend to exchange some of his Bitcoins with
some other currency (Dollars, ..), user LocalBitcoins, trade
wares (i.e. become a shop owner), visit a website such as
BTCQUICK [1] and fund your wallet with your own money.
From their website:
„Purchasing bitcoins through btcQuick is the fastest
way to buy Bitcoins with a credit card or debit card.
The entire process can take as little as 10minutes of
your time.„
Links
[1] https://btcquick.com/beta/
When you have a wallet full of Bitcoins you are able to buy
products, but there are ways to increase their numbers: The
Bitcoin Exchange Market (or markets).
There are many different market places, but we restricted
ourselves to 5 of them since they, by far, outperform
their competition in terms of market volume, Mt.Gox
[2], Bitstamp [3], BTCChina [4], BTC-e [5], Bitcoin [6]. For a
sample view of Mt.Gox consider (Illustrations 2 and 3).1
1 We only show a screenshot for Mt.Gox since it is the largest exchange market
out there (it’s volume is larger than the next 5 markets combined).

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Illustration 2: Mt.Gox, the largest market exchange
Illustration 3: User Console for Mt.Gox
The Bitcoin values tend to fluctuate from market to market.
This is a wonderful way to use arbitraging strategies to
attain trading profits. To have an overview on all the Bitcoin
values per market-place have a look at Bitcoin-Charts [7].

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Links
[1] https://btcquick.com/beta/
[2] https://www.mtgox.com/
[3] https://www.bitstamp.net/
[4] https://btcchina.com/
[5] https://btc-e.com/
[6] https://www.bitcoin.de/
[7] http://bitcoincharts.com/markets/
Top Bitcoin debit cards
Assuming you made some „serious dough“ by leveraging
stock market techniques (or the Bitcoin robot) you may
want to exchange it to some other currency, or to cash it out
via debit card on-the-fly.
At the moment of writing there are not too many
possibilities for debit cards around. The first one we found,
BitcoinCard [1] is actually a debit card based on normal
currencies, such as Euro (€). The benefit this card has
though is that it can be funded via Bitcoins. Which turns it
to a Bitcoin card! Hence quoth the internet:
„Prepaid credit cards are not new. However, a prepaid
credit card that can be funded with bitcoins is. The
BitcoinCard is a credit card that can be funded via
BTC.“
What say the people behind BitcoinCard?
“The card works as a normal prepaid credit card. The
difference is users can buy it with bitcoins, and fund it
with bitcoins.”
The second card is a true Bitcoin debit card, according to
the guys from Coindesk [2]:

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„A new way to pay by bitcoin is on the horizon, a
bitcoin debit card called iBTCard. That name stands
for International Bitcoin Transfer Card. The company
behind the project, Tradecoinz LLC, is hoping to
provide an alternative payment method to VISA
and MasterCard, but in a way that most people can
recognise and understand.“
This sounds very promising indeed.
Links:
[1] http://thebitcoincard.co.uk/
[2] http://www.coindesk.com/
[3] https://ibtcard.com/
Top 10 e-shops accepting bitcoin
So you made some money with trading, how best to spend
it than to buy your girlfriend, wife (mistress maybe?) a nice
present. Where you ask? Right here, we have the top 10
companies that accept Bitcoins for their products.
(The Notorious) Silk Road
Unsurprisingly the biggest shop for Bitcoins is Silk Road
[1] with a rather interesting but in most countries illegal
selection of fine wares.2 As you can see in Illustration 4
Silk Road literally deals in drugs. Silk Road can’t be visited
like a regular website, it is based on Tor Hidden Services [2].
For a guide on how to use Tor Hidden Services and access
Silk Road check out [3]
2 Disclaimer: If you buy something from Silk Road make sure it is legal in your
country. We don’t advertise and/or suggest you do any such thing. Do this at your
own risk.

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Illustration 4: Silkroad screenshot taken from [8]
(Global Payments) BitPay
BitPay [4] provides means for your web shop (website)
to accept payments with Bitcoins without the hazzle of
market value fluctuations. Through BitPay new Bitcoin
accepting shops are created every day! Directly from their
FAQ:
„BitPay is an electronic payment processing system
for the bitcoin currency. We enable online merchants
to accept bitcoins, as a form of payment, just as they
accept payments from Visa, Mastercard, or Paypal.“

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Illustration 6: Use bitpay to reach the whole world in terms of
acceptable payments
Illustration 5: Use bitpay to reach the whole world in terms of acceptable
payments
(Let’s play dice) Satoshi Dice
For Satoshi Dice [5] you don’t need to run any client
application or even have an account on their site. To play,
place a Bitcoin transaction to one of Satoshi’s addresses
(each address having a different probability of winning).
That’s it, simple really!

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Recently Satoshi Dice has been sold for $11.5 million [6].
(Start digging) Butterfly Labs, Avalon
If, by any chance, you lost a lot of money while gambling
(see above) make sure you have one of Butterfly Labs [7] or
Avalon’s [8] hardware miners working for you at home. With
these rigs, such as the 50 GH/s Bitcoin Miner from Butterfly
Labs or the 60 GH/s Monster from Avalon you might make
up for your losses. As you have probably guessed, Butterfly
Labs build specialized hardware for Bitcoin mining activity.
Illustration 6: Butterfly mining page (if you want to mine)

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Illustration 7: An alternative, Avalons ASICs, with very fast miners
(We love Bitcoin) Bitcoinstore
If you want to buy some general ware, digital cameras, pcs,
laptops, motherboards, hard drives, security devices pretty
much anything a tech lover needs visit Bitcoinstore [9].
(Trade me) Coinabul
Everyone knows that in order to attain stable results with
investments diversification is in order. Hence, spreading
the risk among multiple investments. Coinabul [10] lets
you buy gold and silver coins via Bitcoin (it has never been
simpler to start trading the precious metal market).
Links:
[1] http://silkroadvb5piz3r.onion/
[2] https://www.torproject.org/docs/hidden-services.html.en
[3] http://silkroadaddress.com/

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[4] https://bitpay.com/
[5] http://www.satoshidice.com/
[6] http://thenextweb.com/insider/2013/07/19/first-major-
bitcoin-acquisition-sees-gambling-site-satoshidice-sold-for-11-
5-million/
[7] http://www.butterflylabs.com/de
[8] http://launch.avalon-asics.com/
[9] https://www.bitcoinstore.com/
There are many, many more shops that allow you to use
Bitcoin:
Providers/Hosters
TrilightZone Providing Privacy Services Since 2005 -
Including Offshore Cloud Services - Choose from Multiple
Offshore Jurisdictions!
Rocket Tech Storage Online storage for $0.02/GB/month,
SSH/SFTP access, Bitcoin always accepted.
Bit-Host exchange bitcoins for your favorite File-Hosting
services premium like Rapidshare, Uploaded.net/ul.to or
Netload Premium subscription and SAVE!
File sharing
MEGA File sharing and encrypted online storage
SmartFTP FTP/SFTP Client
BitcoinService.co.uk (info), filesharing site
Filenium.com - Premium accounts at file sharing and
storage sites

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Music
Digital-Tunes - Legal digital downloads of Drum & Bass,
Dubstep, Bass Music & other electronic music, in WAV, FLAC
and MP3 formats skin contact Accepts bitcoin payments
for album download.
RPG Beats Accepts bitcoin payment for hip-hop beat leases.
To list all shops is infeasible. Many more online shops for
consumer electronics, music, design, art, outdoor sports,
exchange markets, etc. (with new ones added daily can be
found here [1]).
Links:
[1] https://en.bitcoin.it/wiki/Trade

Get Your Automated Bitcoin Trading Robot at www.btcrobot.com
Automated Bitcoin trading?
How Can You Profit with Bitcoin?
Just a few years ago, the only way to profit was through so-called
“Mining”.
This is the “Hard Way”, for which you receive coins by helping the
system to verify secure transactions. This process requires a lot of
computational power, typically multi-core CPU system or specialized
Bitcoin miners. The algorithm is designed in such a way that mining
becomes more and more complex and less and less profitable with time.
Mining days are over!
The time has changed and we are the ONLY solution available to
increase your Bitcoins!
THE Inflation FREE currency!
Bitcoins are limited in amount... you can NOT produce them out of
thin air nor reprint them, thereby making them safe from inflation!
100% Secure! NON-CLOSABLE!
Bitcoins are unhackable lines of code that you can even stash on
your cellphone in an E-wallet or download to a USB stick and keep
them SAFE! Pay using them, store them, collect ‘em... the option is
yours!
To make it even better, Bitcoin is decentralized. No one owns it...
it’s like the Internet... you can shut down a machine but you can`t
kill it. It’s a living and expanding entity on its own.
So, no matter how hard a government might try to put it down...
they cannot succeed!
The bottom line to EARN them, however, is that...

Forex is DEAD!
Automated Bitcoin
Trading is the ANSWER!
Imagine if you had a fully automated Bitcoin trading robot, working for you on
autopilot around the clock?
Trading Around The Clock??? Even on weekends??
Forget Forex limitations such as not trading on weekends, Bank Holidays and
other big bank B.S.
Bitcoin is traded around the clock, 24/7, 365 days a year.
There are no banks controlling it, meaning we don’t have any bank limitations
on the trading time, thereby giving you a unique opportunity to profit around
the clock, two extra days a week!
The robot does not sleep, does not take holidays or stop on weekends. It is an
everlasting profit machine at your fingertips!
TRADING ACCOUNT: $2,714 and Counting!
It can be yours right now and it’s a piece of cake to install!
SETUP YOUR ROBOT NOW!

Why Does
the BitCoin Robot Work?
Bitcoin is a young The higher the market No leverage trading: You The robot is analyzing
growing market. volatility, the higher the are trading only on your the prices in all Bitcoin
Relatively small amount profit. During volatile own money without exchange marketplaces
of Bitcoin exchange months, the profit can taking Huge leverage in real time, exploiting
marketplaces ensure reach up to 100% per from the brokers like in the gaps and using
huge price fluctuations month! During regular Forex, meaning the risk hedging techniques
during the trading day, months, it gives a stable to lose all your money is to take advantage of
which our robot takes “conservative” growth of small to non-existent. almost bulletproof profit
advantage of. 10-20% per month. opportunities.
How Does It Work?
Simply open an account Activate our robot and let it Withdraw profits.
with one of the trusted trade for you!
Bitcoin trading exchange Choose between a simple
marketplaces Windows version or a fully
Deposit an initial amount pre-installed VPS version:
in Bitcoin or USD. You can No installation, no hassles.
start as low as $100 ! The robot comes fully
pre-installed in your web
browser-based members
area! Nothing to setup or
configure. Human error-free
& 100% autopilot.
No backtests, NO what ifs!
This is not a forex robot or MT4 based indicator B.S. It`s a custom
programmed bot that trades real money... no monopoly cash
playtime but real results!

What’s Behind
the Bitcoin Robot Trading Engine?
When it comes down to technology and IT
developments, hats off, nothing comes close to
Russian brains!
We united our efforts with a team of the brightest
Bitcoin traders and programmers from Russia.
Don’t get me wrong though. It’s hard to be a
pioneer in the field. It’s even harder to develop the
first fully automated system in the new market.
Yes, it was not easy. Over 2 years in development,
plenty of trial and error.
We really wanted to perfect it. Over 127,199 lines
of code. Sleepless nights and betatests in private
groups.

FAQ:
1. If the robot wins money, who loses it? Does the Bitcoin
exchange lose money if I win and eventually ban my trading?
Good question. No, the Bitcoin exchange market does not lose any
money due to your profitable trading. In fact, it is gaining a lot of
money because they charge 0.4% commission on every trade. For
example, yesterday their exchange volume was $512,213 , which
means +4000 BTC commission made. The losers are other human
traders that do not use automated trading approaches and trade
manually or just pay too much when buying Bitcoin!
It’s harsh but money is not produced from thin air. It comes from
losers that don’t have advanced tools like our Bitcoin robot and
keep trying their luck with old outdated manual systems.
2. How much money do I need to start? Thousands of dollars??
No, you can start as low as $100. This is the main advantage of
Bitcoin trading, the entry limit is very low.
3. Is it risky? Can I lose the deposit?
You are trading only on your own money without taking huge
leverage from the brokers like in Forex, meaning the risk of losing
all your money is small to non-existent.
4. Will it provide 100% winning trades?
100% winning systems are impossible, so don’t be fooled by so
called “Get Rich scams” promising that.

Obviously, our robot is not a crystal ball and you will have some
losing as well as winning trades. The goal is to make a solid net
profit monthly.
4. Do I have to keep my computer ON all the time or buy a VPS
server like with forex?
You can choose between two options. The most affordable Silver
plan comes with Windows based software which trades from your
own computer. Similar to you trading Forex on Metatrader4 on your
computer. So it must be on at all times during trading.
If you choose the Gold Plan, the robot comes fully preinstalled
in your web browser based members area! Nothing to setup or
configure. It’s completely human error-free & 100% autopilot.
5. What if my internet connection gets interrupted during
trading?
No problem. The robot will resume trading from the point it left and
catch up on the trades.
However, if you experience constant internet connection issues in
your area, it’s safer and more profitable to use the Gold plan where
the robot is pre-installed on our trading VPS for you!
5. What if many people trade it, will it become less effective?
No. The beauty of Bitcoin trading robot algorithm is that it uses a
special trade stealth technology which allows to separate different
traders and avoid all of them taking the same trade at the same time
overloading the market liquidity.
This way robot stays effective even if many people trade it
independently.

6. Is it better than Forex?
Yes. Less risky. More profit. No broker spreads or ridiculous
commissions. No bank regulations and fees.
You get all the profit. You trade 24/7 not 24/5. No bank holidays. You
get profit around the clock. No need to install Metatraders and other
complicated software. No need to sit and watch charts. No need to
buy expensive VPS servers or keep your computer online.
7. Do you trade it yourself? If it is so good, why would you sell
it?
Yes, we do trade it and you saw the live trading proof. Why do we
sell it? We could probably write something hypocritical here, that we
want to make everyone rich and happy, but I will be honest with you.
We are just greedy. If you have an opportunity to make more money,
will you pass it by? The amount of traders using the robot does not
affect its effectiveness, so we thought, why not release it to a limited
amount of pioneers who, like us, can take advantage of a growing
opportunity.
It’s like when people invented the plane; nobody drives such long
distances in a car anymore! Same here. Why bother with manual
trading, spending the whole of your life glued to the PC when you
can use this new technology of automated Bitcoin trading!
The world has changed. And so have the tools!

Here is what
I want you to do next:
Get in on the Ground Floor of this Breakthrough Technology!
The future is one step away from you.
Click Add to Cart Button and let’s get started!
It’s time for you to take action and
secure your spot.
Remember, the early bird catches the worm.
You already missed the early founding Bitcoin days with mining
opportunities. It’s still not too late to jump in on the train that is
about to leave. Get the Trading System Poised To Create a New
Generation of future, successful traders. Pioneer this kind of
currency trading with an unlimited potential of future growth.

To be a successful money maker, you need to stray off the beaten paths... and
THIS is your chance now! Who knows what will happen in a year from now?
What if everyone owns Bitcoins by then and the market volatility sinks?
Thousands of people are buying Bitcoin everyday... you can get ahead of them
and profit from the misinformation and from people that pay too much to
purchase Bitcoins... but you need to act right here, right now!
By the time the gold rush is over, you could have earned tens of thousands of
dollars with a small one-time investment !
The Bitcoin robot is backed by our 60 day money back guarantee... either set it
up and profit OR get your money back. You can try it out for a full 60 days, all the
risk is on us.
Make sure you secure your financial freedom and don’t miss it.
You are in the right spot at the right time. It’s up to you now to
take action and secure your own passive money-earning Bitcoin
robot... and start withdrawing money as early as TOMORROW!
Sincerely,
the Bitcoin Development Team
www.btcrobot.com