Bitcoin Forum

Hey guys,
Can someone convince me why I should buy some bitcoin? I am considering buying 40 bucks worth. Why should I invest? Where should I invest? Any tips are appreciated, seeing as I am very new to bitcoin.
Thanks!

If bitcoin flops, you out 40 bucks.

If bitcoin succeeds, you will have the equivalent of 10s of thousands of dollars or more.

If your in the US, open up a coin base account and buy it there. Easy for newbies.

Buying bitcoins is a way to introduce yourself to the payment system and its potential. Personally, I think buying bitcoins as an investment is lame. The people that will make the most money are the ones that build the businesses and technology around Bitcoin.

I'm not from the Us or any first world country and I'm finding difficult to buy bitcoins. I tried some faucets but I only got and that's kind of ridiculous for the amount of time it takes 0.0000735 BTC. I also tried with Virwox for a credit card purchase but it's not letting me. Where can I buy bitcoins easily for a non-us, non-european buyer??  ???

Have you checked the price lately? It been going up! Reply with your address and I will send you a few pennies worth. ONLY APPLIES FOR OP!

1H5vxkoCLvEm4ueUwSHWrdpotnagLGgGLZ can't hurt!

$40 well as of today get you almost no bitcoins. but if you have fallowed the prices at all you would have seen that in 1 day that $40 would have turned into $55. 2 days ago bitcoins were going to $219 today they have almost reached $300 so far.

You can only lose as much as you put in, but you can gain untold riches.

Well said!

Buy for fun, never put in your life savings if you're old. Invest in high risk if you're very young. The more risk, the more rewards (though sometimes not in monetary form but wisdom).

Try localbitcoins if someone is selling in your country

meh, you can say the same thing about a lottery ticket.

Haha, but at least for bitcoin you have a big chance of winning.

Coin base account?

After you get your Bitcoins, transfer the Bitcoins to your local computer. Don't trust an online wallet.

i asked myself the same question when I first bought a bunch. ...at $0.74.

oh i see... duh. from Coinbase.com :-[

that was painless.

And YES... NEVER EVER EVER EVER TRUST an online wallet. BECAUSE it simply CAN get hacked, as everything in the world. :D


a smartass got $30 bucks worth of bitcoins on its public release. Now he's a millionaire, but this wont happen to you, the drop of the cat already passed. Now we got a badass inflated coin @ $300
:P

I was telling peeps close to me to buy in the early double digits.  Most STILL haven't taken my advice.  I guess people are allergic to knowledge and profit taking.  LOL???   :-\

This.  If you only want to invest $40 bucks I suggest you do it, then play around with it.  No investments, little gambling, in the end I suggest you put it in a paper wallet, and wait it out a few years.

Don't bother buying $40 of Bitcoins instead help create a market by sell something and saying "accepting Bitcoins".

Let's say coinbase does get hacked. They have insurance and will return money to the respective people.

Why not  ;)

Thank you.

It depends on your objectives. Personally I like to invest in innovative coins that are undervalued.

The fact is Bitcoin's developer abandoned the project years ago and disappeared into thin air. Yet there are equally-talented software engineers picking up the code where Satoshi left off, for example adding the 51% attack defense missing from the original code.

I think there are a few altcoins that have huge upside potential. I'd suggest placing your bets in that sector.

Nah, because Bitcoin is too new.... or it just sound insane....

Use btc-e, it gives you lots of ways to fund your account in buying btc. Their fees are around 2-3%.

You can use localbitcoin.com if your country has a market for bitcoins.

And why, it's because people are getting moe and more interested in it. This makes bitcoins worthy to invest in.

 :D First post btw.

Just buy it... it will be worth a lot in the future! :)