Bitcoins

BoracicLint

happenstance wrote: »

if all governments across the world came together and banned trading in something purely to protect their fiat, that would be a worrying time.

Worrying indeed, but it's not outside the realms of possibility. The precedent has already been set if you think about it, when was the last time you read an article in the mainstream media that didn't associate Bitcoin with illegal transactions or money laundering? Now that China has acted, I expect other governments may follow their lead

Satoshi

Dam I missed the bottom, its bouncing back up

BoracicLint

Satoshi wrote: »

Dam I missed the bottom, its bouncing back up

You'll probably get another chance when the US wakes up! I'm staying away for the timebeing.

happenstance

BoracicLint wrote: »

You'll probably get another chance when the US wakes up! I'm staying away for the timebeing.

I'm going back in at 824, but I'm a fool

csm888

Bitcoin never fails to entertain does it. From 1240 to 870 and back to 1099.

@happenstance: I think you missed your chance waiting on 824, it will all be over by the time US wakes up.

The market is waiting for a trigger, and even this false bad news was enough.

happenstance

csm888 wrote: »

Bitcoin never fails to entertain does it. From 1240 to 870 and back to 1099.

@happenstance: I think you missed your chance waiting on 824, it will all be over by the time US wakes up.

The market is waiting for a trigger, and even this false bad news was enough.

well 824 was just one of my orders, still managed to get 7% increase this morning after fees.

A couple more days of gains like that and it should just about cover the day I loose 50%.

manhattan

Whats the easiest way to buy Bitcoins? Any links/guides? Cheers.

BoracicLint

manhattan wrote: »

Whats the easiest way to buy Bitcoins? Any links/guides? Cheers.

I use localbitcoins.com

You can purchase from any number of members, by a payment method that suits you (Bank Transfer, Pingit etc..). The vendor's bitcoins are held in Escrow by the site so there is no risk of them pocketing your cash and not sending the bitcoins.

The bitcoins are deposited into the localbitcoins wallet, which you are then free to send to a wallet of your choice (if you wish). If you are buying a considerable amount I would recommend moving the Bitcoins to a more secure wallet (or at the very least, select the dual factor authentication option on localbitcoins)

guitarman001

I'm out for now but also interested in the easiest way to buy & sell bitcoins with lowest fees etc. Will have to do some research on this and check out this thread.

Satoshi

guitarman001 wrote: »

I'm out for now but also interested in the easiest way to buy & sell bitcoins with lowest fees etc. Will have to do some research on this and check out this thread.

I have been using localbitcoins.com

But I still dont understand how its supposed to be so safe. There are sorts of ways someone could rip you off.