Investing in Bit Coins
 

What is the best way to get in?
:2 cents:

you gotta be straight

go back in time a year from now and buy them

Investing in Virtual Money ? :1orglaugh:1orglaugh

why a year ago? what was it last week this time? 50?

if you got in when namecheap announced you've doubled your money.


easiest way is to fund a mtgox account and buy that way but mtgox verification que is like 8,000 deep

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 ?

Buy a Jalpeno and start mining.

http://i302.photobucket.com/albums/n...prospector.jpg

:2 cents:

Ok price almost doubled now, who sold it all and made 100% ROI in few weeks?

You can buy anytime you want from another person.

Easy but them on ebay know when you get your account approved transfer them

Funny how the same haters are in all the Bitcoin threads.
Must suck to see people double their money in 2 weeks time :1orglaugh

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 you are buying Bitcoins, you are doin' it wrong.

:2 cents:

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

edit: ive seen sites like http://www.buybitcoin.com/Bitcoins--...rency_p_8.html but the price they list is actually lower than the cost of BTC .. doesnt give me alot of faith in the site actually delivering

And this? https://bitinstant.com/
Just found it. Haven't read the details though.

http://howdoyoubuybitcoins.com/in/united-states/

You should be mining though....................................

:2 cents:

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.

:2 cents:

you figured me out ;/

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...

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.

The easiest it to just do a bank transfer.

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.

You can also try http://localbitcoins.com

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 :2 cents:

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

The site where i buy my coins ran out!

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.

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.

oh i see, you mentioned "saving usd" which i thought to mean as buying savings bonds/buying usd.

im no hater. I have many from a long time ago, I just think they are going to crash sooner or later. I'm holding till 400 unless I hear different

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.

There is no bitcoin owner

If you have many already then why did you say you would buy 10k in coins to see what they will do? Doesn't make much sense eh?