Bitcoin Forum

Other => Beginners & Help => Topic started by: TheDiamondMiner on January 05, 2014, 09:08:31 PM



Title: Trying to Invest in Bitcoin
Post by: TheDiamondMiner on January 05, 2014, 09:08:31 PM
So people are saying that the Bitcoin mining boat has sailed off. Which I'm starting to believe. An alternative is investing or buying Bitcoin. Someone told me to do this instead of mining, but how exactly can you do this? Any trusted sites? I'm not trying spend a lot of money only $30 to $50.


Title: Re: Trying to Invest in Bitcoin
Post by: olinnebit on January 05, 2014, 10:15:11 PM
bitstamp.net
coinbase.com

Those are the easiest to use


Title: Re: Trying to Invest in Bitcoin
Post by: KJO on January 05, 2014, 10:29:39 PM
So people are saying that the Bitcoin mining boat has sailed off. Which I'm starting to believe. An alternative is investing or buying Bitcoin. Someone told me to do this instead of mining, but how exactly can you do this? Any trusted sites? I'm not trying spend a lot of money only $30 to $50.

Coinbase is great if you have a bank account AND a Visa (they do NOT accept mastercard for ID verification!) If not, you will have to wait 4 to 5 days for your bitcoins.

Localbitcoins.com might be a faster route for you.


Title: Re: Trying to Invest in Bitcoin
Post by: nastybit on January 05, 2014, 10:31:18 PM
Try to use localbitcoins and meet people.
Also research a little bit more, I understand it's not very easy but this forum is very extensive


Title: Re: Trying to Invest in Bitcoin
Post by: Welsh on January 05, 2014, 11:08:06 PM
It's at a high right now. I would if were you I would invest when it comes down a little.


Title: Re: Trying to Invest in Bitcoin
Post by: fasteddie9987 on January 05, 2014, 11:13:53 PM
Try checking out ebay.  I always keep an eye on there especially if i'm up late because you do get bitcoin going for less than market price.  You have to look for it though as there are loads of overpriced coins and you need to do your sums first before buying anything on there.


Title: Re: Trying to Invest in Bitcoin
Post by: TheDiamondMiner on January 05, 2014, 11:47:11 PM
Sorry I don't know a lot about stocks and I'm very new to cryptocurrency. So I can buy parts of a Bitcoin when the price is lowered and then sell it when the price goes up once again? As in buying $50 worth and waiting and selling that same percentage for a higher price as the price goes up? Also I'm looking into cloud mining with https://cex.io/. Has anyone had some profits mining Bitcoins with that? Thanks for the help.


Title: Re: Trying to Invest in Bitcoin
Post by: ivanone on January 05, 2014, 11:50:57 PM
At this point, 50 bucks is pointless, e.g. you will get 0.05BTC. And even if price go crazy for 4000$ BTC, you will have 200$ in btc


Title: Re: Trying to Invest in Bitcoin
Post by: TheDiamondMiner on January 06, 2014, 12:00:36 AM
I'm not trying to make a ton of money, just to do this as sort of a hobby. As in use that $50 invested and when it comes out put it back into cloud mining. I think this could work.


Title: Re: Trying to Invest in Bitcoin
Post by: Sebastien256 on January 06, 2014, 12:26:21 AM
you can use virwox.com to buy bitcoin.


Title: Re: Trying to Invest in Bitcoin
Post by: tacoman71 on January 06, 2014, 01:27:05 AM
you can use virwox.com to buy bitcoin.
VirWox is a good option but they have fees about 10%


Title: Re: Trying to Invest in Bitcoin
Post by: jongameson on January 06, 2014, 03:01:32 AM
It's at a high right now. I would if were you I would invest when it comes down a little.

It's at a high now, but I ain't sellin'..    8)