Bitcoin Forum

Newbie here to cryptocurrencies. Currently, I had a blockchain.info wallet but haven't bought any coins. I'm just been playing games to get free BTC and DOGE at freebitco.in and freedogeco.in but don't have anywhere near what I need to withdraw.

I see a lot of people talking about the end of the month being a good time to buy alt coin and I want to know where to start. Do I buy some BTC first, and if so where is best place? And then do I buy the alt coin using BTC?

I do not have any advice on buying your bitcoin. It may or may not, it depends on the amount and where you live. However, if you want to buy bitcoin, I think coinbase and remitano are the best places to buy bitcoin. They're available in different countries, try your country.

Coinbase has been around for a very long time and I've used it for all my trading never had a problem.

Coinbase and Kraken are both US based exchanges (based on TX in your username) and you can use a bitcoin ATM to buy, buy from an exchange or buy from a person; lots of choices.  I'm in DFW area are there are a few btc atms.

I definitely recommend coinbase for a beginner in cryptocurrency. You can easily connect your bank account or credit card securely in order to purchase bitcoins.

Coinbase is the best one if you are only going to use usd, but localbitcoins is the best for me, it has a lot of sellers and there is no way that you can be scammed, because it has so many security layers for your protection as a buyer, and you can select your prefered seller if you want.
But i noticed that coinbase is banning US and Chinese residents, and maybe some from UK, if i am not wrong.

Bitcoin price is standing at all time high so it is not probably the best time to buy bitcoin in large quantities if you are looking for a short term profit. However, if you have a long term goal for bitcoin, then start accumulating slowly. Fix a weekly or monthly date and start buying bitcoin using dollar cost averaging method. Let me explain how this plan works. Lets assume, you bought one bitcoin weekly for three weeks at different price points.

Week 1:
Bitcoin price: $5000

week 2:
Bitcoin price: $4800

Week 3:
Bitcoin price: $4700

So at the end of week three, you will have 3 bitcoins in your wallet, but the average buying price per bitcoin will be the average of the three different price points. So you average cost on the above mentioned scenario will be,

($5000 + $4800 + $4700)/3 = $4833

This method is also known as SIP (systematic Investment plan) and it is a very good way to lower the risk level of your investment portfolio. Try it if you have a long term goal with bitcoin.

You can buy from coinbase ( which is a wallet too)
Or use exchange platforms : yobit , Bittrex, localbitcoin...etc
Or buy from persons in your area
What concerns buying altcoins , it's better to discuss this issue in its right section

You are right, I use this method when trading stocks.  Sometimes you buy at slightly higher prices but it compensates itself when you buy at lower price ranges. It all averages out.

One of the best places to buy bitcoin is here in the forum at the Currency Exchange section (https://bitcointalk.org/index.php?board=53.0) you could find great deals there just be sure to trade with people that are really trusted or use an escrow if needed. Which altcoin are you planning to buy ? If I would buy bitcoin today i'll just hold it for now because of the price movement yesterday then sell it at the right time to get profit.

Coinbase is banning US residents? I hadn't heard that. What happens if you had any coins stored there which you bought while they serviced your country and then they stopped servicing it. Can you still get them out?

My plan was to store them in blockchain if I had any long-term that I didn't buy alt coin with, but just wondering in general.

I was more interested in going for an alt coin, but my understanding is most of them require bitcoin to purchase them.

I am still using CoinBase to this date.  Where is this news about them banning US and China residents?  I haven't received any newsletter or confirmation on this.

I'm still deciding. It would depend on how much I want to go in and which ones go down, but I had thought about Ripple and Monero, for two.

Luckily I've my own local exchanger that allow to purchase bitcoin with my local currency
As I've ever heard, kraken and coinbase are the option , just make sure that you able verify your ID before able to start transaction on those platform

the best placed exchanger bitcoin buy use USD coinbase and bitstamp, support transfer wire
another bitfinex is good too

The price has hiked a lot recently wouldn't recommend buying Bitcoin right now you should directly invest in Alt-coin instead I guess if your planning to trade your BTC later for Alt-coins well I am not sure you need to do your own research, if the price of BTC will go up more then it will be worth it for you since BTC is on peak right now I am not sure how it will end up although I heard talks of even more rise in the price, I am using Coinbase right now it works fine.

Faucets aren't really that enough to make bitcoin, you are just wasting your time there but if you have a lot of time to do and you are not worried about it then you can just keep on playing with freebitco.in. If you want to buy some bitcoin through cash, may I know on what country you are living because there are some countries that does have their very own local exchange and that's the best and easiest way for a native to purchase bitcoin.

Freebitco.in and freedogeco.in its just wasting time if u only hope for faucet every hour.
If u want buy a btc , see the price , predict , when the price low , then hold , when the price increase , sell ur bitcoin.
Then see the price decrease , then buy , and repeat like that.
Alt coin ? maybe eth good for trading , but the price not stable , trading is have risk , just play smart with your predict.
Do with ur own risk.
CMIIW

Depends on what you have in hand, cash/bank balance/paypal etc.

If paypal, use virwox but expect to have around 20% of your total trade eaten up by their fees. If it's cash/bank transfer then i suggest using localbitcoins, the rates will be around 5-7% above spot. If you can get verified on a big exchange such as bitstamp, then you can get better rates but honestly not worth the hassle imo.

Once you get btc, exchange it into whatever altcoin you fancy using bittrex/polo/shapeshift.

I did get some BTC ($300 twice) the other day after it had already gone up to 5600 or so and say yesterday morning BTC, ETH and LTC all down. Got $300 LTC and was going to get $300 BTC too, but repeated the LTC order by accident on coinbase. Then as ETH and BTC started climbing, didn't get in before they had gone up too much and decided not to get either.