Bitcoin

rfowler

Hi All,

Has anyone bought any Bitcoins? Just wanted some advice I want to purchase; what do you guys think is it a good idea or should I keep away?

Can I buy physical or are they always non-physical?

I hear ppl trade in them too. any help or info and comments welcomed

Sorry if the questions are silly.

Thanks

Lokolo

Have you tried Googling bitcoins?

Personally, the fact you are asking whether they are physical or not shows you have no knowledge what so ever. It is not something that you should go straight into without knowledge!

atush

Gonna have to ditto that- asking if they are physical means you should really steer clear.


I understand the idea, but I wouldn't touch them with a bargepole.

kronenbourg

saw a story on BBC breakfast this morning about a cafe accepting bitcoins as payment

just a publicity stunt to get on the telly / in the papers

bertpalmer

If you're after physical bitcoins, you can buy them quite cheaply on ebay - http://www.ebay.co.uk/itm/like/251422647309?hlpht=true&ops=true&viphx=1&lpid=95&device=c&adtype=pla&crdt=0&ff3=1&ff11=ICEP3.0.0&ff12=67&ff13=80&ff14=95

Virtual bitcoins are much more expensive :rotfl:

[Deleted User]

rfowler wrote: »

Can I buy physical or are they always non-physical?

Cryptocurrencies have a lot of potential (in my opinion) but you need to be absolutely clear: they are a gamble and not an investment. Only put in money you are prepared to lose, I've seen people lose a lot of money because they thought it was a get rich quick scheme. As others have said, for the love of all things holy don't buy in without at least a basic understanding...

Khanacademy has a good series explaining Bitcoin, it's well worth watching: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it

There's already a well established topic in this forum section where you will find lots of people willing to help you out with any questions https://forums.moneysavingexpert.com/discussion/4513615

grey_gym_sock

atush wrote: »

I understand the idea, but I wouldn't touch them with a bargepole.

yeah, but is that a physical or virtual bargepole?

jimjames

grey_gym_sock wrote: »

yeah, but is that a physical or virtual bargepole?

Did someone want some virtual bargepoles?

helenjones833

bertpalmer wrote: »

If you're after physical bitcoins, you can buy them quite cheaply on ebay - http://www.ebay.co.uk/itm/like/251422647309?hlpht=true&ops=true&viphx=1&lpid=95&device=c&adtype=pla&crdt=0&ff3=1&ff11=ICEP3.0.0&ff12=67&ff13=80&ff14=95

Virtual bitcoins are much more expensive :rotfl:

What is a physical bitcoin? I thought the ones you buy like that are just small boxes with a crytpo-key inside, so basically just virtual like any other?