If there was an easy way to get in the price would be stupid high right now. Mt. Gox has a verification backlog of over 4000 and you'd have to use some kind of script to hammer coinbase's API if you went that route. Even then you are limited to 10 Coins a day.
Also... hello bitcoin haters. You're gonna feel REALLY fucking dumb in the next 10 years.
So there is no way I can just buy it online today ?
no real way to instantly buy with a credit card or anything online right now
unless you find someone who takes paypal
best bet is going to google and find some bitcoin forums or reddit.com/r/bitcoin and post saying wanting to buy bitcoin for paypal
but you will pay a premium
no real way to instantly buy with a credit card or anything online right now
unless you find someone who takes paypal
best bet is going to google and find some bitcoin forums or reddit.com/r/bitcoin and post saying wanting to buy bitcoin for paypal
but you will pay a premium
If i can buy them online on a Dutch site instantly then there must be options like that for other countries as well right?
If i can buy them online on a Dutch site instantly then there must be options like that for other countries as well right?
I personally am not looking but everyone ive seen that has been looking for a site to use just a straight credit card to buy coin has not found one yet
No you have to use one of the approved services that you have to get verified with aswell and then do a bank transfer or find one that does a cc transfer and then transfer to mtgox or one of the others
No you have to use one of the approved services that you have to get verified with aswell and then do a bank transfer or find one that does a cc transfer and then transfer to mtgox or one of the others
Not everyone wants to spend a grand or so on a mining machine to mine a few dollars a day
You about a numbskull.
Do your homework.
"The world is full of obvious things which nobody by any chance ever observes."
tell me why a random guy who wants to buy a few coins should just buy a mining rig rather than just buy the coin outright?
If i bought $500 worth of coin last week at 50$ each i would of had 10 coins. Today those 10 coins are worth 890.... i would not of had to "mine" anything. i would of not had to buy a computer. I would of not had to use up electricity
instead of calling me a "numbskull" educate me ...thats what I'm here for...
everyone ive seen that has been looking for a site to use just a straight credit card to buy coin has not found one yet
You usually can't buy BitCoins with creditcards, it's too risky, because if the card was stolen or the user does a chargeback there is no way to get the funds back.
So no one wants to take a risk. Their might be some that are willing to take the risk, but the will charge huge fees and usually don't last long.
best and easiest way is make a mtgox account, also join freenode and join some of the bitcoin rooms, they sell in there and they can be verified as legit sellers with a selling history. i buy mine privately and sell mine on mtgox.
dont buy an avalon or butterfly labs mining rigs, once they start to roll them out its going to make mining them insanly diffilcult to get ahold of any blocks to mine. just buy a shitload in one day and sell it in 2 days, keep doing that.
in the u.s., absolutely follow Chris's advices in this thread-
every transaction is done at mtgox.
and also make sure you move your purchases into a safe offline wallet with all security codes written down and stored in a safe way.
If you are in the US, try coinbase. You link your bank account and they take it out. You dont get the coins for a few days but you get at the price you ordered them for.
You can also try Bitfloor where you deposit cash into a BOA branch.
Also... hello bitcoin haters. You're gonna feel REALLY fucking dumb in the next 10 years.
I think it is a risky investment. The way the gov. works they want a piece of everything. They are like the mafia. If bitcoin is to really blow up and become huge the gov will need to be awarded a piece of the business
If the gov can't get this piece they will make it illegal. Thats how it works
i would also take advice from mayabong on this as valid.
:-)
this thread addressed my only rules when i decided to start playing with bitcoins
1. every transaction will go through mtgox, it has vc backing and backed by silicon valley bank, in part, giving it legitimacy in my mind, translation, comfort.
2. always always always clear bitcoins out of the online account. always.
i would also take advice from mayabong on this as valid.
:-)
this thread addressed my only rules when i decided to start playing with bitcoins
1. every transaction will go through mtgox, it has vc backing and backed by silicon valley bank, in part, giving it legitimacy in my mind, translation, comfort.
2. always always always clear bitcoins out of the online account. always.
3. have fun!
Yes never leave your bitcoins with a 3rd party. I learned that the hard way when coinbase had a glitch last week. Never lost any coins but couldn't use them for 5 days.
Blockchain.info is supposedly pretty secure as long as you back up your wallet from there (its easy). If anyone ever hacked into blockchain.info all they would see is an encrypted wallet and wont be able to access your bitcoins
Most currencies are virtual, but you're too stupid to realize that.
They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.
At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.
If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.
At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.
If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
buying debt is safer than buying equity. always has been. the bond market.
buying debt is safer than buying equity. always has been. the bond market.
Government bonds / Tbills are for sure better, no doubt about it! I'm talking about USD vs Bitcoin long term and savings. Of course I'm also hypothetically speaking as if bitcoin makes it long term, which I personally don't think it will.
A lot of hidden bitcoin sellers burred deep down within' the internet. Download the browser Tor and do some searches on black market shit.. You'll find a lot of people w bitcoins there. If you buy enough I'm sure they will open a Paxum account.
They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.
At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.
If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
They are fiat, which if you want to split hairs could mean the same thing, but saying "virtual" it usually means online. To go a step further, using the USD for example, it is even worse than fiat because it is actually debt. So people who save USD are essentially saving IOU notes. Nothing more. USD savers are losers, literally.
At least bitcoin isn't debt. It may be fiat, but if they can ever work out the illegal use aspect of it so govs and banks won't shut it down, as silly as it sounds, putting money in bitcoins makes more sense than saving US dollars, providing you still have internet access in the morning and a hacker didn't wipe you out while you are sleeping. Short term bitcoin will make a lot of money, no doubt about it. Long term, I just don't see how it will last, because the fact it supposedly is not regulated (even though there will only ever be 21 million of them), is the exact reason banks and governments may want to dispose of it. Looking back through history, anything they can not tax or control, they make illegal.
If the owner of bitcoin had any real long term goals, he would be getting some heavy duty lobbyist in Washington right now to help ensure the survival of it. Otherwise it's a coin toss.
The fact that you think there is an owner tells me you know absolutely nothing about Bitcoins and are talking out of your ass. Because if you read about it for 2 mins you would know there is no owner.
The fact that you think there is an owner tells me you know absolutely nothing about Bitcoins and are talking out of your ass. Because if you read about it for 2 mins you would know there is no owner.
It doesn't matter if someone doesn't "own it." Poor choice of words on my end. It needs to be represented properly or the government will eventually make a move on it. If history teaches you nothing else, it should teach you that.
If that means the collective group of bitcoin exchangers or simply mtgox itself, someone needs to try make sure the government doesn't turn on it, and having a voice in Washington is simply how shit gets done when having to deal with the US government. You can have a long term cyber currency that is useful, like how the tobacco industry does with smoking even though it has been proven to cause cancer, or you can stick your head in the sand and hope nothing bad will ever come to it and lose it all when it does. I personally don't care what happens to BTC, I'm just stating some simple and obvious facts.
It doesn't matter if someone doesn't "own it." Poor choice of words on my end. It needs to be represented properly or the government will eventually make a move on it. If history teaches you nothing else, it should teach you that.
If that means the collective group of bitcoin exchangers or simply mtgox itself, someone needs to try make sure the government doesn't turn on it, and having a voice in Washington is simply how shit gets done when having to deal with the US government. You can have a long term cyber currency that is useful, like how the tobacco industry does with smoking even though it has been proven to cause cancer, or you can stick your head in the sand and hope nothing bad will ever come to it and lose it all when it does. I personally don't care what happens to BTC, I'm just stating some simple and obvious facts.
The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
The only one I know that would support it in the Senate is Rand Paul. He is for competing currencies.
It's all about lobbyist. Money makes Washington move.
There should be competing currency even if it would be difficult to maintain. We should all have the right to choose our currency. But that is exactly why some balls need to be cuddled in Washington because it is a competing currency and the Federal Reserve and government doesn't allow that.
Using mtgox for example, they have bank accounts somewhere as they trade dollars for BTC. Those bank accounts can be frozen in a blink of an eye, as can any other exchanger. I would think they would want to do everything possible to make sure that doesn't happen, and since it is a competing currency, and it is being used openly for illegal goods, the odds are currently not in their favor.
Anyway, good luck with it. Hope you make a bunch of money. I'm not getting involved but it's interesting to watch.
Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
how many rigs would you say you need to break even in 3 months? based on the 1st batch of avalon rigs and butterfly rigs are out now and batch 2 *i think* is delivering asap, and batch 3 is the final batch, as i understand that, delivering, what, in 6 more month?.
Invest in ASIC miners and hope bitcoin price stays high. It will take a few months to break even on the miners but you should be making a steady profit from there. GPU mining will cease to be profitable once ASIC miners flood the market.
I've seen some crazy set ups on Youtube but never seen any real numbers from anyone. On average, how many btc does the average miner mine per 24 hours?
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