Bitcoins

manhattan

Do you have to buy a small amount of Bitcoins on a first trade?

Also can you buy via a credit card? As i need to transfer money into my bank account, which i cant do until tomorrow.

Satoshi

manhattan wrote: »

Do you have to buy a small amount of Bitcoins on a first trade?

Also can you buy via a credit card? As i need to transfer money into my bank account, which i cant do until tomorrow.

You can buy ssmall amount but you can only sell min of 0.5BTC, I wish you could sell just a few hundred £ at a time.

paddyrg

Satoshi wrote: »

Dam I missed the bottom, its bouncing back up

Don't worry, there will be more ;-)

csm888

If you want to buy bitcoins at a good rate, do it via Bitstamp, transfer the money in using SEPA transfer from your bank account. You can then buy coins at a good price.
You also need to get your Bitstamp Account verified (Scan of Utility Bill/Password).
It takes a little more effort but once set up you can transfer money in and out much easier.

BoracicLint

Satoshi wrote: »

You can buy ssmall amount but you can only sell min of 0.5BTC, I wish you could sell just a few hundred £ at a time.

I sold 200mBTC a few days ago on localbitcoins. Pretty sure you can sell any amount, as long as the buyer is willing to trade.

[Deleted User]

https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf

happenstance

citricsquid wrote: »

https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf

Why do they estimate the value as the same market cap as silver?

BoracicLint

citricsquid wrote: »

https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf

Interesting report, the 'store of value' estimation based on the silver market cap is very ambitious, but even so, they conclude a max value of Bitcoin to be $1300. That is also based on the current total of Bitcoin (12M), not the maximum number (21M). If you factor this in, the future value shrinks to $700.

happenstance

BoracicLint wrote: »

Interesting report, the 'store of value' estimation based on the silver market cap is very ambitious, but even so, they conclude a max value of Bitcoin to be $1300. That is also based on the current total of Bitcoin (12M), not the maximum number (21M). If you factor this in, the future value shrinks to $700.

Dollar has high inflation though and the mining of coins will carry on for over a decade.

I presume it is nothing more than a guess comparing to silver.

JohnRo

What the heck has silver got to do with bitcoin either way, it's a complete irrelevance.