Bitcoin Forum

I am interested in investing in Bitcoins, but I am not sure how to start, where to invest, how much to invest etc. I would really appreciate if someone can guide thru some basic steps for dummies to get started. I can't mine so I am interested in buying bitcoins and trading.

Thanks

How much do you want to invest? You can ask me some tips if you want.
Give me your skype nickname.

I want to invest somewhere between 100-200 euros. I will pm you my skype name

Ok, you will be able to send a pm in 6 min.

If your from Europe, consider Bitstamp exchange

Yes, I'm from Europe. Is bitstamp the best exchange for EU?

You can also try bitcoin-central and compare the prices / fees.
Bitstamp converts your EUR to USD when you make a deposit.


You have to confirm your account in both websites (proof of residence, ID)

I just registered on bitstamp. How long does it take to get verified?

You will not get verified on Sunday.
I would say 2 business days.

My verification took almost 1 week, but two months ago.

I'm aware of that, I haven't sent a verification request cause I will need to scan the documents and I can't get it done today anyway. Btw check your inbox.

I checked it and added you already

I would also suggest you see localbitcoins.  I've done many trades there.

I'm on now but I haven't received any contact request.

Sent the request 40 min ago.

Ok, I got my account verified and I'm ready to deposit. Any tips before I embark on my trading journey :).

Which exchange did you choose to wire the money to, Kira ?

There are a bunch of bitcoin exchanges you can get btc at including Mt. Gox, BTCE, bistamp, etc. Just look up bitcoin exchanges or bitcoin markets on duckduckgo or google.

I got my account verified on bitstamp, that's where I intent to deposit unless you have any better ideas on why I should choose a different place.

All you have to do is join https://coinbase.com/?r=51df4c3749f704960c0000e6&utm_campaign=user-referral&src=referral-link (https://coinbase.com/?r=51df4c3749f704960c0000e6&utm_campaign=user-referral&src=referral-link) and buy your bitcoins, Let them sit there and watch the market take over. :)

you can use virwox if you dont mind the high fee, you can use paypal

I tried virwox, once you convert SLL & with fees it's 10%+ :(

I've been told that bitstamp is best for EU residents. Cheeky referal, lol did the price went up to $980?

trading bitcoins, gold, silver, stocks.

Always allocate a set amount and look for major HSR buy points, and then set orders to buy.

300 EUR, every 100 eur down, buy in increased % increments.

E1020 now at gox

at E900 2%
at E800 4%
at E700 8%

like a pyramid, then do the same on the sell side.  always do something like this if trading

bitcoindwisdom.com

Get an account on mtGox or other exchange, fund your account and buy some bitcoins.

Don't invest more than you can afford to lose :)

Yes, bitstamp or btc-e should be good

Bitstamp price should be better than coinbase, especially when the price is more stable (not now, last days price rising a lot)

try kraken

While BTC-e is often called shady, it does not require any identification and has lower prices than any other exchange.

What about gambling? Is such thing legit or a scam? Which sites can be trusted and how does that work?

This is true, but it is hard to deposit money there. But for coin trading only is very good exchange

There is gambling section. The biggest gambling sites are legit, I played + maked withdrawal without problems there

There's a lot of places and options for you to invest.Decide what you want to do and choose the one that suits your desire.

The bitcoin phenomenon, and the technological innovation that made it possible, is interesting—but for investors large and small, the more pertinent question is whether they should buy the virtual currency or avoid it.

Don't put all of your investments in bitcoin. But there are many exchanges available for usd/btc exchange. alternately, you could use paypal etc. to buy some alt coins and trade the alt coins for btc.

Any idea why did bitcoin drop to $690.00 now?

Chinese exchanges cannot use 3rd party payments processors anymore, so only bank wires to Chinese exchanges possible (for better monitoring)

Obviously it helps spread the FUD "China banned Bitcoin"  :)

oh it's the Chinese again .. they were the reason why it started dropping in the first place .. do you reckon it might go up again?

Obviously it will go up again after people realize nothing much changed.

Get an account on bitstamp (after you do your own investigations) or other exchange, fund your account and buy some bitcoins.

Don't invest more than you can afford to lose

why it's allways the chinese?  ???

Just look for some good offer on https://localbitcoins.com/ (https://localbitcoins.com/) and buy a lot of shiny digital bitcoins :D

so I reckon this is a good time to invest :)

I have a verified account on bitstamp, I'm waiting the money to go thru now and buy some bitcoins. Wish me good luck :)

Is that website legit I look the prices are much lower than the price on bistamp some $100 less.

Ok I deposited some cash on bitstamp and bought some bitcoins is there a way to check your transaction logs? I wanna keep record of the ammount and prices I've been buying/selling for. Is that possible or I need to do it manually.

Bump, need help with this.

Thanks

The best way to get into Bitcoins right now is simply to buy them on an exchange such as BTC-E, Bitstamp, etc. Buying mining equipment right now is not a good option for someone who is new to this. You can easily end up losing a big chunk of money. At any rate, BTC has touched $1200, its current level is not the top by a long shot. I'd say start watching one or two exchanges to get a feel for the price fluctuations, put some cash on the exchange with which you are most familiar, then buy bitcoins on the dips. When everyone else is jumping out of windows and it's  lost 50% of its value, that's when to buy. Not when it's been skyrocketing in value for days in a row.

Good luck!

Read my post before yours :). I have already invested in bitstamp. I wanna know if I can see all of my transactions.

BTC is good investment ;)