hno:
Doesn't make sense to use offshore. Say you buy 1 coin in at Betlaspalmas(lol) and it was $600 a coin. They credit your account with $600. Then it tanks to $400, isn't the sportsbook out of $200 already if they didn't cashout instantly? That's what I don't get with the whole Bitcoin/Sportsbook future. Maybe I'm retarded, actually, I know I am
its not stable at all, although tons of markets have no stability and people make money buying low and selling high.. this thing fluctuates down and then back up so often there is chances to do that many times over.. of course people like your friend keep buying and never sell at an avg high that makes them any money.. tough game for sure, but in 2 weeks or 2 months or 2 years he could make out if the thing ever "caught on" more mainstream...do I think it will, no.. but some people think so
-murph
-murph
This is the reason I don't see it being a long term currency. For the few retailers that actually accept Bitcoins, their first move after receiving the Bitcoins will be to cash it in for dollars/euros, etc. if it was actually a legitimate currency, people would hold on to it for that purpose (i.e., to use as currency). As of now, it's purely a speculative investment. Any retailer with normal margins can't take the risk of the bitcoin dropping so sell immediately upon getting paid in Bitcoins. I just don't see it making the transition from speculative investment to actual digital currency.
Serious question b/c I've never dealt with Bitcoins. I've heard a lot about the anonymity of Bitcoins. But ultimately to cash them out, aren't you going to have to go through a bank at some point? For example, if you got paid for something in Bitcoins or made a lot of money investing in Bitcoins, at some point you're going to have to get that converted to dollars and access it through a bank right? Therefore "big brother" is still gonna know about the bump in your bank account right? Sorry for the long question.
https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)This page aims to be the best resource for new users to understand how to buy Bitcoins. The existing Buying bitcoins page is too complex.Read How To Buy Bitcoins With Your Credit Card, for information about buying Bitcoins with a credit card.
Warning: Please be careful with your money. When sending money to an exchange or seller you are trusting that the operator will not abscond with your funds and that the operator maintains secure systems that protect against theft -- internal or external. It is recommended that you obtain the real-world identity of the operator and ensure that sufficient recourse is available. Because Bitcoin services are not highly regulated a service can continue operating even when it is widely believed that it is insecure or dishonest and webpages recommending them (including these) may not be regularly updated. Exchanging or storing significant amounts of funds with third-parties is not recommended.
[h=3]******[/h]You can't directly buy Bitcoins using ******, because it is risky for the seller, and therefore few sellers will offer this. There are basically 3 reasons for that:
- The buyer of bitcoins can always perform a chargeback and there is no way for the seller to contest that
- There are many hacked accounts and when ****** realizes that such an account has been fraudulently used, they will also perform a chargeback
Having said that there is a workaround that can be done in order to use ****** to buy Bitcoins but it holds within it higher transaction fees. Using the Virtual World Exchangeyou can buy Second Life Lindens (SLL) with ****** and then convert your SLL to Bitcoins. This process will charge you transaction fees of around 6% but will let you purchase Bitcoins pretty quickly as opposed to a wire transfer. The reason this method works is because you do not buy Bitcoins with ****** directly, you only buy SLL with ****** (which is acceptable by ******'s TOS) and then exchange your SLL to Bitcoin.
- ****** doesn't like bitcoin, as the bitcoin network is in direct competition to it. They will ban accounts that have anything to do with Bitcoins, and freeze their balance.
Note: If you only want to take advantage of Bitcoin's price volatility You can trade CFDs on Bitcoin via ****** on sites like AvaTrade or Plus500. When trading online your capital may be at risk. Trading CFDs is suitable for more experienced traders.
[h=3]Credit Card[/h]VirWox - The Virtual World Exchange accepts all major credit cards (via ****** or Skrill) and allows you to buy SLL which you can then trade to Bitcoin. Using this method is faster then most options but has larger transaction fees involved.
CoinMama uses Western Union to allow you to purchase Bitcoins through your credit card. This service is not available in the US.
[h=3]Bank Transfer[/h]US Only!! Coinbase allows you to buy and sell bitcoin instantly by connecting any U.S. based bank account. You need an account number and routing number, which can be found on a check. A credit card can be optionally linked to your account as well. Coinbase also acts as a bitcoin wallet which can store the bitcoin once it is purchased. Ideal for beginners first getting involved in bitcoin.
Bittylicious allows customers to purchase Bitcoins using an extremely simple interface. All customers need to do is to enter their Bitcoin address and email address and choose how many coins they want. If customers want to purchase more than the default (usually around £50/EUR 55/$80) then they just need to sign up and do some sort of verification. UK bank transfers, Euroean SEPAs, iDEAL and Mister Cash are all accepted.
BitBrothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location. Bitcoiners can also deposit money directly into one of the corporate business accounts increasing the transaction time to less than an hour. These methods of payments are available to ensure anonymity and protect the ideals bitcoins were founded on. For customers who wish to preform BANK TRANSFERS, the option will be available shortly. BitBrothers LLC guarantees that all customers will be satisfied with their exquisite customer service and overall experience that they are even offering discounts to select customers!
Kraken allows verified users to buy and sell bitcoin using USD and EUR by depositing via wire transfer. Other national currencies can be converted to USD or EUR at transfer. Kraken is an exchange and the market is determined by orders.
BitQuick.co (info) allows sellers to connect to buyers via cash deposit or SEPA transfer. You can buy bitcoin instantly by providing only your email address and bitcoin address. As soon as the deposit is received, the bitcoin are sent.
bit4coin.net (info) Buy bitcoins with bit4coin gift vouchers. Easy to use online shop experience, and the vouchers will be delivered to your doorstep. bit4coin.net guides you through the entire process of redeeming the voucher and getting your first bitcoins - and the voucher doubles up as a great gift, too!
Belgacoin allows you to buy bitcoins via SEPA transfer. It is fast, secure and cheap. No registration needed. We do not charge anything for this service, for the time being.
Bitalo enables you to buy Bitcoins directly from another person. If that person is online and you share the same bank, you can get your Bitcoins in a matter of minutes. The transaction is secured by Bitcoin multi-signature addresses, and Bitalo acts as an escrow. You can store bought Bitcoins on your own address, or using a safe multi-signature Bitcoin wallet on Bitalo, for free.
Asia Nexgen (ANX) (info) allow their customers to buy Bitcoin by sending a wire transfer. They are legally registered and based in Hong Kong and hold a Money Services Operator license issued by the Hong Kong Customs and Excise Department. They support most popular cryto-currencies and all major fiat currencies (including USD, EUR, HKD, AUD, CAD, CHF, GBP, JPY, NZD and SGD). They are currently running a zero transaction fee promotion.
[h=3]Cash[/h]Local Bitcoins allows sellers and buyers who are located nearby to meet and exchange Bitcoins through various methods including cash, wire transfer, Money Bookers, Skrill and more. Local Bitcoins offers a Bitcoin escrow service that holds the funds until the transaction is complete, therefore reducing fraud.
BitBothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location. Bitcoiners can also deposit money directly into one of the corporate business accounts increasing the transaction time to less than an hour. These methods of payments are avaliable to ensure anonymity and protect the ideals bitcoins were founded on. For customers who wish to preform bank transfers, the option will be avaliable shortly. BitBrothers LLC gurantees that all customers will be satisfied with their exquisite customer service and overall experience that they are even offering discounts to select customers!
The company prepared to open Hong Kong's first physical bitcoin shop, in Sai Ying Pun in February 2014. Customers, who must supply an identity card and proof of address for anti-money laundering regulatory compliance, will be able to purchase bitcoins for cash.
The company brought the first Bitcoin ATM to Hong Kong. Customers must be verified to use this ATM and will need to use their Bitcoin wallet QR code to make a cash deposit.
bitXoin (info) Buy bitcoin via online ordering and bank deposit, cash over the counter at most banks throughout Australia. Fast processing, low reference rate, low commissions.
Bitcoin (Australia) - pay by cash over the counter at local bank branches.
[h=3]Gift Card (US)[/h]GiftCardDrainer.com allows you to buy bitcoin with Visa, MasterCard, American Express or Discover gift cards. Uses the exchange rate provided by coinbase.com at the time that the customer's gift card is processed within 24 hours of card submission. Most cards are processed within a few hours of submission, however it can take up to 24 hours. Customer must provide a bank account number for identity verification.
[h=3]Via IDeal (NL)[/h]Bitonic allows you to buy bitcoins with IDEAL.
HappyCoins allows you to buy Bitcoins with iDEAL and SEPA bank transfer.
Bittylicious allows you to buy Bitcoins with iDEAL and SEPA bank transfer.
[h=3]Via MoneyGram[/h]BitBrothersLLC Buy bitcoins with MoneyGram anywhere in the U.S.
You can buy Bitcoins with a Western Union or MoneyGram money transfer via coinmama.com.
[h=3]Finding a direct seller online[/h]If you can find another person that is willing to sell them to you, you can transfer him money via any payment method (including ******), and he'll send you the Bitcoins. The following websites can be used to find direct sellers online Bitcoin OTC, Local Bitcoins or the Currency Exchange Forum Section. Be extremely cautious of scammers when dealing over the counter. Ask an admin, moderator or a trusted person if you think someone is suspicious.
[h=3]Physical Trading[/h]BitBothers LLC LOCAL PURCHASES IN COLORADO. We also accept MONEYGRAM
You might be able to find an individual with whom you can Buy bitcoins locally. Always choose somebody with many reviews.
Starting in October of 2013, physical Bitcoin ATMs have been installed in Canada, Finland, Slovakia, Australia, Germany, and the UK. Use a Bitcoin ATM Locator to find a machine near you.
[h=3]Anonymity[/h]There is a huge demand for buying Bitcoins off the grid due to ever-increasing government regulations and private agency intrusions and discrimination against alternative currencies. Due to the possibility of facial recognition cameras at banks and the paper trail involved with credit cards, there are very few options to have high levels of anonymity when buying Bitcoins those ways. DNA, Fingerprints, phone and internet records, audio and video records will not be discussed, but they all are possible tools which attackers could use to uncloak even the stealthiest Bitcoin buyer. There are a couple known ways, depending on your location, to buy Bitcoins outside of the standard banking system with relatively high anonymity. Buying locally with cash using a burner or payphone allows a high level of anonymity with the exchange being the weakest link. Many sellers online will also trade Bitcoins for MoneyPak codes or other cash-like gift codes which can be bought at a local store with cash. Another way to buy Bitcoins with a high level of anonymity is by sending cash in the mail.
[h=3]Exchanges[/h]For a list of other major exchanges, see Market Exchanges
There's a forum at OGD where we solely talk about bitcoins and bitcoin books.
I believe that there will be "bitcoins" that are very prevalent in the next 10 years. I am just not sure if it will be actual bitcoins or one of their competitors. The idea is perfect for today's global marketplace. You are all correct though, it won't gain widespread use until the value becomes a bit more stable. Volatility does not matter for a medium of exchange (because you can buy and sell it immediately and not take any price risk), but it matters tremendously for a store of value.
If you believe that Bitcoin will be "the one" since it was first, the value is WAY undervalued, simply because by definition there will only be 21 million of them EVER created. Imagine if there were only 21 million dollars in circulation. We'd be buying houses with tenths of pennies. That means if this takes off, rather than buying 1 bitcoin, people will be buying 0.000001 bitcoins eventually, and whether you got in at $1, $400, or $1100 won't matter, you'll be very rich.
If you believe that Bitcoin will be "the one" since it was first, the value is WAY undervalued, simply because by definition there will only be 21 million of them EVER created. Imagine if there were only 21 million dollars in circulation. We'd be buying houses with tenths of pennies. That means if this takes off, rather than buying 1 bitcoin, people will be buying 0.000001 bitcoins eventually, and whether you got in at $1, $400, or $1100 won't matter, you'll be very rich.
