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Title: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 09, 2014, 10:42:58 AM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. Title: Re: The problem with bitcoin is buying bitcoin Post by: newIndia on October 09, 2014, 10:53:57 AM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. 1. Get a reputed seller at Local Bitcoins. 2. Pay him and provide your address. 3. Bitcoin is in your account. It seems simpler than buying a pen drive in Amazon. Which part of the Bitcoin buying seems complicated to U ? p.s. Some new websites are offering Bitcoin against credit card. Avoid them at any means. They're gonna complicate your life. Title: Re: The problem with bitcoin is buying bitcoin Post by: zimmah on October 09, 2014, 10:57:52 AM There are many easy was to get bitcoin, and more of them are coming practically daily.
Its not that hard to Google "buy bitcoin" and pick the option you find the most conveniënt for you. Title: Re: The problem with bitcoin is buying bitcoin Post by: amaclin on October 09, 2014, 11:07:18 AM Buying bitcoins is not a problem at all !
The real problem is spending bitcoins ;D Title: Re: The problem with bitcoin is buying bitcoin Post by: Elwar on October 09, 2014, 11:10:52 AM If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone. Title: Re: The problem with bitcoin is buying bitcoin Post by: Bitcoin Magnet on October 09, 2014, 11:12:59 AM I agree, that's why I've started a site that makes it pretty damn easy to buy & sell if you have a UK bank account.
Let me know what you think: Bitcoin Magnet (http://www.bitcoinmagnet.co.uk) Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 09, 2014, 01:34:11 PM I have bought from localbitcoins and bitbargain however you pay a premium for this and it's not always easy. I bought some and the seller didn't send my bitcoin money got stuck in escrow or something.
Anyway, the point is my grandparents should be able to do it. I will check out bitcoin magnet. Title: Re: The problem with bitcoin is buying bitcoin Post by: huoiuu on October 09, 2014, 02:30:50 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. dont agree with you.you know now,you have much money ,but your money is not in your hands,they are been deposited into bank by you.the same as the BTC in future, many people will deposit the BTC into the BTC bank ;D ;D,Do not need to take Bitcoin in hands. Title: Re: The problem with bitcoin is buying bitcoin Post by: lihuajkl on October 09, 2014, 03:12:21 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. dont agree with you.you know now,you have much money ,but your money is not in your hands,they are been deposited into bank by you.the same as the BTC in future, many people will deposit the BTC into the BTC bank ;D ;D,Do not need to take Bitcoin in hands. Title: Re: The problem with bitcoin is buying bitcoin Post by: dkblueman on October 09, 2014, 03:18:57 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I disagree it is too complicated, but I do think the problem is people may think it is too complicated. IMO a good start to change this would be a social media campaign (facebook) showing the few simple steps on how to set up an online wallet and buy coins from localbitcoins or whatever. Shared this on your timeline, and offer to help any friends who may need it. It's something I have considered doing myself, but obviously the effect would be negligible. Done by a larger organisation, but then spread by many of us on here, it could have much more success. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 09, 2014, 03:21:00 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. Your thinking is centralized. "Bitcoin" is not a monolith, and it can't do anything. If you think that people want an easier way to buy Bitcoin, then you can make a lot of money by servicing that need. You'll make the whole Bitcoin community better in the process. Title: Re: The problem with bitcoin is buying bitcoin Post by: cexylikepie on October 09, 2014, 03:42:43 PM If you live in the US, Coinbase is super easy. My 74 year old mother was able to buy bitcoins through them using her phone. I agree. I havent found anyone yet who cant use coinbase Title: Re: The problem with bitcoin is buying bitcoin Post by: ObscureBean on October 09, 2014, 03:44:33 PM Circle was the solution for me, it litterally took no time and i was up and running and had my bitcoins from a credit card instantly. Yup I second that! :) Circle is the definitive site for buying bitcoin. I've bought BTC on a number of different sites but Circle really makes it super easy and it's pretty secure too. After linking your card to your account and you can upload money instantly which gets converted automatically to BTC at current market rate. No other site that I know of can get you BTC that fast. Title: Re: The problem with bitcoin is buying bitcoin Post by: ikydesu on October 09, 2014, 04:36:08 PM Buying bitcoins is not a problem at all ! The real problem is spending bitcoins ;D I think opposite :P now, many places/store that accept bitcoin as payment or you can exchange to fiat :P Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 09, 2014, 04:52:12 PM Circle was the solution for me, it litterally took no time and i was up and running and had my bitcoins from a credit card instantly. Yup I second that! :) Circle is the definitive site for buying bitcoin. I've bought BTC on a number of different sites but Circle really makes it super easy and it's pretty secure too. After linking your card to your account and you can upload money instantly which gets converted automatically to BTC at current market rate. No other site that I know of can get you BTC that fast. I got stuck adding a bank account to circle because they wanted a routing number, I am in the UK and we don't use routing numbers. I even called my bank and they confirmed they don't use them, it's a USA thing. The bank is santander. Title: Re: The problem with bitcoin is buying bitcoin Post by: Bitcoin Magnet on October 09, 2014, 05:57:38 PM I have bought from localbitcoins and bitbargain however you pay a premium for this and it's not always easy. I bought some and the seller didn't send my bitcoin money got stuck in escrow or something. Please do try it out and let me know what you think :)Anyway, the point is my grandparents should be able to do it. I will check out bitcoin magnet. Title: Re: The problem with bitcoin is buying bitcoin Post by: gjgjg on October 09, 2014, 06:04:25 PM I bought 10 worth today from a local ATM, took 2mins and was in my account in 30. youre right that its not as easy as buying a can of coke at the moment, but if the will is there, then it is easy. Its bridging the gap for those without the will (ie joe public)
Title: Re: The problem with bitcoin is buying bitcoin Post by: Cryptopher on October 09, 2014, 06:09:06 PM Avoid buying - earn in Bitcoin. Of course, that doesn't work for everybody.
I must admit, I didn't get any bitcoins until I felt comfortable with the means of purchasing them. Once I overcame that hurdle I didn't feel as apprehensive. It's no wonder why its a mystery to many. Title: Re: The problem with bitcoin is buying bitcoin Post by: bornil267645 on October 09, 2014, 06:24:03 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I think the real problem is that there is not enough selling of Bitcoin. Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 09, 2014, 07:37:42 PM Buying Bitcoin should be as easy as buying any currency. I should be able to go the post office and buy it over the counter or order it from a travel agent.
Places like localbitcoins make you feel like you are buying a bitcoin (who buys currency, ever)? Sure you exchange it but buy.. We need employers to start paying in bitcoin. Sorry if this post makes little sense. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 09, 2014, 07:50:57 PM Maybe if you vote you can get a government program to help ensure Bitcoin accessibility for all.
Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 09, 2014, 07:51:17 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I think the real problem is that there is not enough selling of Bitcoin. I'll sell you three Satoshis right now. :D Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 09, 2014, 07:54:19 PM Buying Bitcoin should be as easy as buying any currency. I should be able to go the post office and buy it over the counter or order it from a travel agent. Places like localbitcoins make you feel like you are buying a bitcoin (who buys currency, ever)? Sure you exchange it but buy.. We need employers to start paying in bitcoin. Sorry if this post makes little sense. You keep thinking "we." But you keep saying what other people should do. If this is what you feel people should do, then you should employ people and pay them in Bitcoin, and you should run a Bitcoin selling business and sell it over the counter in the way you think it should happen. Or if you want to stick to "we" you can try the voting route. Maybe your government feels obligated to provide for needs that you see. Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 09, 2014, 09:26:36 PM I already have a job. A shit job admittedly but a job nonetheless. My wife wouldn't like if I gave it up and went on a bitcoin crusade.
Sorry, I need to edit this post and LOL to my government giving a toss about Bitcoin, Title: Re: The problem with bitcoin is buying bitcoin Post by: BIGbangTheory on October 09, 2014, 11:43:20 PM Buying Bitcoin should be as easy as buying any currency. I should be able to go the post office and buy it over the counter or order it from a travel agent. Bicoin is actually one of the easier currency like assets that you can purchase. When you try to buy most other currencies you are very limited as to where you can purchase them (generally either an airport or a bank and will end up paying huge markups when doing so. Places like localbitcoins make you feel like you are buying a bitcoin (who buys currency, ever)? Sure you exchange it but buy.. We need employers to start paying in bitcoin. Sorry if this post makes little sense. with bitcoin on the other hand there are many more places that you can buy it (via LBC for example) and the markup is generally lower. Also most travel agencies and all post offices do not sell any currencies ??? Title: Re: The problem with bitcoin is buying bitcoin Post by: MasterCasino on October 10, 2014, 05:11:29 AM I already have a job. A shit job admittedly but a job nonetheless. My wife wouldn't like if I gave it up and went on a bitcoin crusade. Sorry, I need to edit this post and LOL to my government giving a toss about Bitcoin, It doesnt matter. A job is a job, that is all that matters. Title: Re: The problem with bitcoin is buying bitcoin Post by: 101111 on October 10, 2014, 05:13:52 AM Yes, getting bitcoin is an issue. Keeping it safe is another. Fortunately this is nothing new and there are plenty of solutions being rolled out and/or worked on.
Title: Re: The problem with bitcoin is buying bitcoin Post by: rday3 on October 10, 2014, 12:40:54 PM I do agree, I was going to buy a few bitcoins when they were £20 but didnt because it was really quite hard to buy them in the UK
Title: Re: The problem with bitcoin is buying bitcoin Post by: cyberpinoy on October 10, 2014, 12:48:24 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have. We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash. Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment. Title: Re: The problem with bitcoin is buying bitcoin Post by: rday3 on October 10, 2014, 12:55:08 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have. We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash. Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment. Yes, If more people 'want' bitcoin then it will increase massively. However most people, even tech savvy people don't know how to buy them which is a big problem and I think is limiting its spread. Title: Re: The problem with bitcoin is buying bitcoin Post by: Victoo on October 10, 2014, 01:22:25 PM These days it's not that hard to buy bitcoins. Localbitcoins has made it so easy for everyone to buy with different payment methods and there are many other places also where you can buy bitcoins.
I am sure I have seen some posts here with list of sites which are selling/buying bitcoins with Paypal so buying is not much of a problem anymore. Title: Re: The problem with bitcoin is buying bitcoin Post by: Q7 on October 10, 2014, 01:32:49 PM Well i don't go through any of the online exchangers but i use local bitcoin to find real people around my locality and then next thing i know, its done. I stick to one single seller that i trust and never had any trouble.
Title: Re: The problem with bitcoin is buying bitcoin Post by: 247casino on October 10, 2014, 01:40:19 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. Bitcoin's need to acquire is fine, it is a vice related need currency, that's it, no one will acquire it to then buy stuff at Overstock, new people enter the world of btc from a vice related need, right now it's gambling, 2 years ago it was silk road So drugs and gambling fuel the new user base not new merchants It's not that hard to acquire btc, IF A PERSON THINKS THEY NEED IT A typical person will never think they need btc UNLESS they have a vice habit ie: drugs/gambling Look for mega bitcoin casinos to soon have millions of global users chartered out of the cayman islands with a Cayman casino license and cayman bitcoin bank tied to it Those vice need uses will all have acquired btc and by the time they have multiple millions of users, there will be a nice pop in btc prices to 3K or 5K imo vice users fuel the btc values Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 10, 2014, 06:52:52 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have. We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash. Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment. Yes, If more people 'want' bitcoin then it will increase massively. However most people, even tech savvy people don't know how to buy them which is a big problem and I think is limiting its spread. It has been possible for the last two years to find out how to buy Bitcoin by Googling "buy bitcoin." That's how I buy nearly any product; why should Bitcoin be any different? It's been possible for nearly that long to sign up at Coinbase and buy Bitcoin easily if you have a bank account. It's not that hard. If you can make it easier, you can make a bundle of money. Title: Re: The problem with bitcoin is buying bitcoin Post by: philipma1957 on October 10, 2014, 07:06:29 PM If you live in the US, Coinbase is super easy. My 74 year old mother was able to buy bitcoins through them using her phone. This is true, but I would like a second coinbase type company for the USA. Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 10, 2014, 08:00:13 PM Perhaps localbitcoins should market themselves as exchange usd or gbp for bitcoin rather than buy bitcoin.
Before you can even buy you need to download the whole blockchain.. How long does that take? Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 10, 2014, 08:28:40 PM If you live in the US, Coinbase is super easy. My 74 year old mother was able to buy bitcoins through them using her phone. This is true, but I would like a second coinbase type company for the USA. Circle! Title: Re: The problem with bitcoin is buying bitcoin Post by: galbros on October 10, 2014, 08:56:30 PM I think there is something to this. Buying really isn't that easy, if it was, we wouldn't see people asking for paypal to bitcoin deals all the time. You can buy most everything else with paypal, so why I don't think it is the final arbiter of what counts as "easy to buy", heck I hate paypal, I do think it provides a useful basis for comparison.
Title: Re: The problem with bitcoin is buying bitcoin Post by: BTCfan668 on October 10, 2014, 10:50:08 PM If you live in the US, Coinbase is super easy. My 74 year old mother was able to buy bitcoins through them using her phone. This is true, but I would like a second coinbase type company for the USA. Circle! Title: Re: The problem with bitcoin is buying bitcoin Post by: doubleredrolex on October 12, 2014, 10:37:44 AM I use CaVirtex in Canada BUT it takes like a week and half to transfer funds to them from my bank account. Its a freakin PAIN IN THE ASS. They need to make buying BTC much much easier. I recently signed up with coin.mx and you can buy BTC with VISA and it only takes minutes. We need more of this. Buying BTC is definitely the hardest part of using crypto currency.
Title: Re: The problem with bitcoin is buying bitcoin Post by: picolo on October 12, 2014, 11:11:46 AM When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high.
Title: Re: The problem with bitcoin is buying bitcoin Post by: SamTsuedo on October 12, 2014, 03:22:08 PM I think there is something to this. Buying really isn't that easy, if it was, we wouldn't see people asking for paypal to bitcoin deals all the time. You can buy most everything else with paypal, so why I don't think it is the final arbiter of what counts as "easy to buy", heck I hate paypal, I do think it provides a useful basis for comparison. You still can't buy anything from Amazon with paypal while you still have some chance to buy bitcoin with paypal if you try harder so I gues buying bitcoin is easier now. Title: Re: The problem with bitcoin is buying bitcoin Post by: doubleredrolex on October 12, 2014, 11:06:47 PM When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high. The closest Bitcoin ATM to me is about a 5 hour drive away... My funds finally just transferred from my bank today. Took 7 days. Now the price of BTC is up almost $80 from when i started the transfer. Not happy about that. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 13, 2014, 01:28:14 PM If you live in the US, Coinbase is super easy. My 74 year old mother was able to buy bitcoins through them using her phone. This is true, but I would like a second coinbase type company for the USA. Circle! Wouldn't any other solution that came in today have the same problem? Title: Re: The problem with bitcoin is buying bitcoin Post by: Waramp22 on October 13, 2014, 05:18:32 PM I am from Canada and have yet to find a method to buy bitcoin.
cavirtex - pain in the ass. sent them my id front and back, copy of bills proving my address, linked my bank account. e-Interac is advertised on their website but does not work, when i attempted this it said that my account was not "Stage 3 Verified" They need me to submit a per-authorized debit form for my linked bank account. Fuck that. circle - not available to Canadians. localbitcoin - nobody in my small town is selling bitcoin. Even if i drove an hour to the closest major city, the prices are very steep. bitvary - Tried $100 worth as a test but haven't received bitcoin. Will use paypal to dispute purchase shortly. In the end, why would any Canadian want to use bitcoin if: 1 - Its is a huge pain in the ass to purchase them. 2 - Purchasing any large amount is a major risk. 3 - You lose 15% of their money in the initial purchase due to the markup the seller is charging. Title: Re: The problem with bitcoin is buying bitcoin Post by: M8 on October 13, 2014, 05:26:37 PM I don't think bitcoin is that hard to buy, but obviously you've got to put a tiny bit of effort in to find it, but more easier options are becoming available all the time.
Title: Re: The problem with bitcoin is buying bitcoin Post by: Anycoin Direct on October 13, 2014, 05:31:35 PM People based in Europe can use our service, https://anycoindirect.eu/ (https://anycoindirect.eu/)
Anycoin Direct allows its users to buy and sell cryptocurrencies using direct online payment methods (iDEAL, Bancontact, Giropay and Mybank) or SEPA bank transfers. Our main focus lies on speed and ease of use. As soon as we receive a successful payment, the coins will automatically be sent to the customer’s wallet. In case of a SEPA order, the coins will be sent once your transfer has reached our bank account. The price of a SEPA order gets determined at the moment the order is initiated. Using our services, people can buy and receive cryptocurrency within 5 minutes. Title: Re: The problem with bitcoin is buying bitcoin Post by: iwillwin on October 13, 2014, 07:55:08 PM Bitcoin is way too inaccessible for the common folks right now ! Also it is way too complicated. I don't know how will the process be simplified !
Title: Re: The problem with bitcoin is buying bitcoin Post by: galbros on October 13, 2014, 08:51:16 PM In the end, why would any Canadian want to use bitcoin if: 1 - Its is a huge pain in the ass to purchase them. 2 - Purchasing any large amount is a major risk. 3 - You lose 15% of their money in the initial purchase due to the markup the seller is charging. This is a good summary and applies to most places. In the US Coinbase is good (but problematic) and Circle is promising, but anyone who assumes this issue away is engaging in massive self deception. Sam: I didn't understand the point about Amazon and paypal, I don't think the argument that a merchant does not take paypal gets you far, since a lot more merchants in addition to Amazon don't take bitcoin. Title: Re: The problem with bitcoin is buying bitcoin Post by: KarstenNilsen on October 14, 2014, 11:53:42 AM Does the credit card service of Circle work in Canada?
Title: Re: The problem with bitcoin is buying bitcoin Post by: Unbelive on October 14, 2014, 12:47:48 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. Things changed a lot in last 2 years. imagine what will happen 2 years from now. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 14, 2014, 02:55:18 PM but anyone who assumes this issue away is engaging in massive self deception. Meanwhile, people who raise the issue but expect other people to do something about it aren't really contributing! We don't have a shortage of issue-identifiers; we have a shortage of problem solvers. Contribute to solving the problem and you can likely make a bundle of wealth for your contribution. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 14, 2014, 04:43:44 PM but anyone who assumes this issue away is engaging in massive self deception. Meanwhile, people who raise the issue but expect other people to do something about it aren't really contributing! We don't have a shortage of issue-identifiers; we have a shortage of problem solvers. Contribute to solving the problem and you can likely make a bundle of wealth for your contribution. I was with you until you said that last part. What I'm saying is that anybody who thinks they know how to make it easier to buy Bitcoin can probably earn some money by selling Bitcoin in this hypothetical easy-to-buy manner. After all, if they improve convenience over the existing offerings, it should be easy for them to win customers over from the competition. What I'm point out is that it's not nearly so easy as people think it is. Title: Re: The problem with bitcoin is buying bitcoin Post by: DynamicDK on October 14, 2014, 04:53:31 PM Trucoin.com (https://www.trucoin.com/)
It isn't ready yet, but once it is, it will make the buying process much, much easier. Title: Re: The problem with bitcoin is buying bitcoin Post by: AtheistAKASaneBrain on October 14, 2014, 05:22:07 PM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. 1. Get a reputed seller at Local Bitcoins. 2. Pay him and provide your address. 3. Bitcoin is in your account. It seems simpler than buying a pen drive in Amazon. Which part of the Bitcoin buying seems complicated to U ? p.s. Some new websites are offering Bitcoin against credit card. Avoid them at any means. They're gonna complicate your life. And once the average person goes throught that... what does this average person can do with Bitcoin besides holding it and hope price increases? What can he buy that he cannot but with fiat? Exactly, nothing. Thats why I don't see Bitcoin a currency ever, when fiat does the same thing. I do see it as a place to store wealth, thats that. But who owns stocks/gold? not the 99%. Title: Re: The problem with bitcoin is buying bitcoin Post by: Ozymandias The Third on October 14, 2014, 05:31:36 PM I'm certain that it will be resolved in time.
Title: Re: The problem with bitcoin is buying bitcoin Post by: bryant.coleman on October 14, 2014, 06:01:30 PM When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high. It is not as easy as it sounds. Depositing fiat to any of these exchanges is tedious and takes a lot of time. Options such as SEPA and Wire are available, but sometimes it can take as much as 2-3 months for the funds to be deposited in your account. Title: Re: The problem with bitcoin is buying bitcoin Post by: Walter Rothbard on October 14, 2014, 06:12:07 PM The Bitcoin economy is very much like a new country.
When you visit a foreign country you have to exchange your money if you want to spend. Depending on where you are going, that might be easier or harder. As time goes by, people will figure out ways to better serve the market for those who need their money exchanged going into this country. Those people who serve that market better will be rewarded. Title: Re: The problem with bitcoin is buying bitcoin Post by: vabtc on October 14, 2014, 06:12:12 PM When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high. It is not as easy as it sounds. Depositing fiat to any of these exchanges is tedious and takes a lot of time. Options such as SEPA and Wire are available, but sometimes it can take as much as 2-3 months for the funds to be deposited in your account. I guess it depends. I can get fiat to exchanges in under 48 hours. USA->bitstamp. $50 fee tho... Title: Re: The problem with bitcoin is buying bitcoin Post by: Joe_Bauers on October 14, 2014, 06:53:31 PM This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction.
It's really easy to buy BTC now. So buy it and stop complaining. Title: Re: The problem with bitcoin is buying bitcoin Post by: bitcoinbot on October 14, 2014, 08:46:52 PM This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction. It's really easy to buy BTC now. So buy it and stop complaining. You are an epic fail. If you live in America maybe it's easy but in the UK it's not unless you want to buy at LocalBitCoins or BitBargain with their 20% markup. Places like BTC-e, Coinfloor & Coinbase just don't make it easy with their strict verification. I now recommend Circle using a debit or credit card. Works for UK. Title: Re: The problem with bitcoin is buying bitcoin Post by: Waramp22 on October 15, 2014, 12:50:14 AM This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction. It's really easy to buy BTC now. So buy it and stop complaining. Point me to a website where a Canadian can buy bitcoin easily from home at a relatively low markup. Title: Re: The problem with bitcoin is buying bitcoin Post by: Joe_Bauers on October 15, 2014, 01:05:21 AM This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction. It's really easy to buy BTC now. So buy it and stop complaining. Point me to a website where a Canadian can buy bitcoin easily from home at a relatively low markup. Duckduckgo? My point on this thread is it's WAY easier to buy them now than it was when you could have acquired a shit ton of them years ago. Yes...it still needs to be easier. Title: Re: The problem with bitcoin is buying bitcoin Post by: ytr8 on October 15, 2014, 07:52:05 AM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. yes ,how to ues the btc bying or shopping?At least, at present in our country has not truly realized in Asia. Title: Re: The problem with bitcoin is buying bitcoin Post by: Cryptopher on October 15, 2014, 08:01:12 AM This thread is epic fail. It was hard to buy BTC in 2011. If it wasn't I'd be kicking it in the Caribbean. <--- That's in honour of the 20th anniversary of Pulp Fiction. It's really easy to buy BTC now. So buy it and stop complaining. Easy to buy now relatively speaking, or absolutely? I would say that it depends on your location, your experience with online transactions and general acceptance of being prepared to pay significant mark-up to cover trust. It should get easier for people to buy bitcoins, but I think it continue to vary depending on where you live. Title: Re: The problem with bitcoin is buying bitcoin Post by: btcduke on October 15, 2014, 08:21:44 AM ATM is a easy way to buy bitcoin.
Title: Re: The problem with bitcoin is buying bitcoin Post by: geraFoerra on October 15, 2014, 08:25:36 AM what does this average person can do with Bitcoin besides holding it and hope price increases? What can he buy that he cannot but with fiat? Exactly, nothing. This is like saying using credit cards is not going to happen because you can buy everything with cash already. I see Bitcoin much like credit card, but much better, especially in fully globalized world in the future Title: Re: The problem with bitcoin is buying bitcoin Post by: yatsey87 on October 15, 2014, 11:14:26 AM ATM is a easy way to buy bitcoin. Well, it might be easy if you live near one. Don't think there's any in my country at the minute, or if there is no where close. Some of these ATMs require a lot of ID and fingerprint scans as well etc which isn't that great for most people. Title: Re: The problem with bitcoin is buying bitcoin Post by: btckold24 on October 15, 2014, 11:22:49 AM I 100% agree! I would buy much more btc if I didnt have to deal with either meeting up with people. Trying to buy with paypal is impossible and ebay is way to high. Just a hassle in general...
Title: Re: The problem with bitcoin is buying bitcoin Post by: Soros Shorts on October 15, 2014, 12:16:14 PM I certainly is more difficult to buy BTC now compared to the Gox pre-AML/Kentucky-Your-Chicken days. That is the problem with regulations. However, it is not that bad compared to before when there was an exchange. In early 2011 I remember having to drive to another state to buy coins from some guy on OTC for cash.
Title: Re: The problem with bitcoin is buying bitcoin Post by: t3xasdolly on October 15, 2014, 12:25:30 PM I know it is not Bitcoin problem, but I feel very unconfortable sending my ID scans to exchanges (I feel these ID scans might be stolen and misused). So localbitcoin is better, but the price is higher there.
Title: Re: The problem with bitcoin is buying bitcoin Post by: BillyBobZorton on October 15, 2014, 12:38:13 PM what does this average person can do with Bitcoin besides holding it and hope price increases? What can he buy that he cannot but with fiat? Exactly, nothing. This is like saying using credit cards is not going to happen because you can buy everything with cash already. I see Bitcoin much like credit card, but much better, especially in fully globalized world in the future Cryptocurrency is the fastest way to send or receive money internationally. In fact, in most cases it is faster than doing a transaction at any financial institution like a bank, credit union, etc ..., heck it is faster than sending a check, paying a bill online, direct deposit, ach transactions, and many other transactions. If i had the absolute opportunity to do all of my spending via CC I would, no need for interest, fiance charges, fees, hold time, float time, charge backs, disputes, and a whole host of other time wasting and money burning activities. I know I have too much in CC as it stands right now, because I feel a real need to place my CC holdings in a physical bank -- ain't that ironic. The averageguy doesn't barely do worldwide transactions, we are talking daily life here. For a person to use Bitcoin instead of CC, he has to buy the Bitcoin first, then hope it doesn't go down by the time you are about to buy. Just imagine you go out with X Bitcoin, then by the time you arrive at the shop, Bitcoin had one of these random 20% dips, and you can't buy what you intended to buy. It's a joke. With CC's you have the stable price of fiat, you know Y is going to equal Y by the time you arrive at the shop. Admit it, as of right now Bitcoin isn't of much usage unless you: 1) Are holding it as a means of wealth storage 2) You want to do a worldwide transaction 3) You want to buy something fishy without getting caugh That's all. Title: Re: The problem with bitcoin is buying bitcoin Post by: Monkeynutz on October 15, 2014, 02:21:42 PM what does this average person can do with Bitcoin besides holding it and hope price increases? What can he buy that he cannot but with fiat? Exactly, nothing. This is like saying using credit cards is not going to happen because you can buy everything with cash already. I see Bitcoin much like credit card, but much better, especially in fully globalized world in the future Cryptocurrency is the fastest way to send or receive money internationally. In fact, in most cases it is faster than doing a transaction at any financial institution like a bank, credit union, etc ..., heck it is faster than sending a check, paying a bill online, direct deposit, ach transactions, and many other transactions. If i had the absolute opportunity to do all of my spending via CC I would, no need for interest, fiance charges, fees, hold time, float time, charge backs, disputes, and a whole host of other time wasting and money burning activities. I know I have too much in CC as it stands right now, because I feel a real need to place my CC holdings in a physical bank -- ain't that ironic. The averageguy doesn't barely do worldwide transactions, we are talking daily life here. For a person to use Bitcoin instead of CC, he has to buy the Bitcoin first, then hope it doesn't go down by the time you are about to buy. Just imagine you go out with X Bitcoin, then by the time you arrive at the shop, Bitcoin had one of these random 20% dips, and you can't buy what you intended to buy. It's a joke. With CC's you have the stable price of fiat, you know Y is going to equal Y by the time you arrive at the shop. Admit it, as of right now Bitcoin isn't of much usage unless you: 1) Are holding it as a means of wealth storage 2) You want to do a worldwide transaction 3) You want to buy something fishy without getting caugh That's all. 1) my reference to CC meant cryptocurrency not credit card, credit cards are not currency. 2) cryptocurrency is not for the "average guy", crypto is pointed to educated people, with some form of societal edge. They not only have the money to by a computer, but the time and resources to consider things such as cryptocurrency. Mining, coding, trading all well above the 'average guy' mentality. 3) as for: "Bitcoin had one of these random 20% dips" the bitcoin is still a bitcoin, as you know by looking at various markets the price of that btc varies from person to person and market to market. Just because the general market is willing to sell you their btc for $400 does not require me to sell it for $400. So no, btc your btc didn't drop 20% it was your faith in the currency that dropped the 20% if and only if you sell it at that new rate. Notwithstanding, just like it could go down it also could have gone up. 4) fiat is also sold on exchanges, the likely reason you are not investing in the trading side of fiat is probably the same reason why you use fiat so much because -- it doesn't fluctuate that often, it's stable. You make no profit when there is no volatility, no gamble, no risk. 5) if you don't have a reason to be in btc you should exit the market because the overall trend is down, so holding won't help you, and using for shopping won't help you. BTC is a trader's game, all of the other benefits are part of that game. exactly this! Title: Re: The problem with bitcoin is buying bitcoin Post by: Turnkey on October 15, 2014, 02:30:25 PM As said earlier, Buying bitcoin is a problem for less educated people.
Title: Re: The problem with bitcoin is buying bitcoin Post by: madmartyk on October 30, 2014, 01:17:42 PM I have used Circle and really like it. Bitvary on the otherhand is a SCAM!! Still waiting for Paypal to finish the claim. Steer clear of Bitvary!!!
Title: Re: The problem with bitcoin is buying bitcoin Post by: mullerdan on October 30, 2014, 02:47:12 PM I don t understand why you say its a problem to buy bitcoin, its not so complicate...what is complicate its more the way for spend your btc, there is not a lot of place where you can spend them !
Title: Re: The problem with bitcoin is buying bitcoin Post by: Etanllah on October 30, 2014, 05:37:11 PM It's still not easy to buy Bitcoins, but it's at least getting easier. The hardest part is the initial steps. Once you jump through the first couple hoops and get your account set up and verified, it's easy.
I definitely agree it would be nice if there's a way you could simply go to a site, click buy and pay with Bitcoin. It shouldn't be any different than buying anything else online. Title: Re: The problem with bitcoin is buying bitcoin Post by: bitnanigans on October 30, 2014, 05:46:40 PM I don't think there's a problem with buying Bitcoin. There are lots of ways to do this. They're just not advertised well enough. It's all about the marketing.
Title: Re: The problem with bitcoin is buying bitcoin Post by: bitkilo on October 30, 2014, 09:59:52 PM In Australia we cant connect our bank accounts to Coinbase or Circle yet so buying bitcoins is still not as easy as it should be. Bitcoin ATM are great but that's only when there working. There is always Localbitcoins but it's not always convenient if you haven't got time to meet someone or cant do bank transfer for some reason.
I'm with the OP on this one, if we really want this to kick off in a big way then we need btc ATM everywhere, even an old granny could use one. Title: Re: The problem with bitcoin is buying bitcoin Post by: Velkro on October 30, 2014, 10:03:43 PM There are MANY MANY exchanges in almost every pseudo civilized country.
Today is veasy to buy bitcoin, it will be only better with time. Title: Re: The problem with bitcoin is buying bitcoin Post by: little tiger on October 31, 2014, 03:38:46 AM If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it. Unfortunately at the moment its way to complicated. People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals. eh, i think the way is easy enough for me, not complicated at all, too easy is not good, cause it will certainly cause some trouble for us, for example, it is too fast to buy it when the second minute we decide not to buy it. Title: Re: The problem with bitcoin is buying bitcoin Post by: BayAreaCoins on October 31, 2014, 03:45:33 AM I'm sure more and more ways will come around to earn Bitcoin. Such as decentralized game play and offering services.
You can already offer services on your own, but I mean like services that are laid out for you (such as where you can rent your car by the day... I can't remember what they are called.) Edit: www.getaround.com Title: Re: The problem with bitcoin is buying bitcoin Post by: ANTIcentralized on October 31, 2014, 05:28:22 AM In Australia we cant connect our bank accounts to Coinbase or Circle yet so buying bitcoins is still not as easy as it should be. Bitcoin ATM are great but that's only when there working. There is always Localbitcoins but it's not always convenient if you haven't got time to meet someone or cant do bank transfer for some reason. I agree that bitcoin ATMs are likely going to be the way that many people will end up buying bitcoin in mass. Using exchanges can be a cumbersome process that takes several weeks just to get setup. I'm with the OP on this one, if we really want this to kick off in a big way then we need btc ATM everywhere, even an old granny could use one. I would say the hurdle preventing more BTC ATMs from popping up is the major capital investing required to have a BTC ATM, as you would need to have a lot of fiat (or a line of credit) at the exchange to cover any purchases of bitcoin by your customers. Title: Re: The problem with bitcoin is buying bitcoin Post by: rrock on October 31, 2014, 06:04:39 AM why the problem is buying bitcoin while it should be the acceptance of the public.
Title: Re: The problem with bitcoin is buying bitcoin Post by: bitkilo on October 31, 2014, 07:00:22 AM why the problem is buying bitcoin while it should be the acceptance of the public. Because acceptance of the public relies on the public actually being able to buy bitcoins.Title: Re: The problem with bitcoin is buying bitcoin Post by: waser12 on November 02, 2014, 06:00:42 PM I don't see the problem, its not so difficult to buy bitcoins, you have a lot of ways to buy.
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