Bitcoin Forum

I'm looking to buy 50 BTC with USD. What's the best way to do that? I've thought about buying from someone on these forums and paying with paypal? That seems frowned upon since I'm new here, and paypal doesn't like BTC. I've looked into going from Dwolla -> Mtgox, but that seems like a pain, and it seems they don't like to play nice together either. I've been mining for about 10 months, but this is my first time buying BTC. Thanks!

p2p on Chase or ING?

I don't use either of those banks. I use a local credit union just for having a debit card (and I don't believe in credit cards).

I need a $60 game paid with by credit/debit.

What city do you live in?  Most places have someone willing to trade for a commission, although it's not always cheaper than MtGox.

Southern Maine, about an hour north of Boston. I doubt I'd be able to meet anyone w/o spending $ on gas.

The most convenient way is through a cash deposit (see bitinstant.com or aurumxchange.com) but the fees are up there.

Well, of course not.  But's that's true for anything, isn't it?  Transaction costs show up in every form of transaction, and transportation is one of those hidden ways.  It's one reason that Wal-Mart supercenters do so well even though the farmers' market has better pricing on produce, one stop shopping also means less fuel consumption. 

You could add a get together on your next planned trip to Boston.  Check out their local makerspace in Boston, IIRC they do have bitcoiners there.  They might even have some makers who live closer to yourself.

Does your credit union have https://www.popmoney.com/popnet/faces/popmoney/login/homepage.jsp?type=P

Not on the list.

How is it you've been mining for 10 months and you only now start posting here?

I've been stalking this site for a while now. I started with Phoenix, but switched to cgminer and have been following that thread since page ~120ish(?) (i've kept weekly tabs on it ). Just never signed up to post anything till recently.

Thanks for the suggestions, but on my way home from work I thought of something: rather than jumping thru all kinds of hoops and signing up for 4 different web sites just to move the money around, I just decided to do this:

https://bitcointalk.org/index.php?topic=84742.0

Even though you live too far away from other people, you probably have some physical bank branches close to you. Buy from people who have accounts at these banks, by depositing cash in their account at the branch. That's the only fast, cheap and negligible risk method of getting paid in US.

Don't ever trade with Paypal (in either direction) other then with a Paypal purchase of a physical product (which is shipped with tracking) and the other party paying for it in BTC. That's the only manageable-risk method of dealing with Paypal. Don't ever believe in "sending as a gift is not reversible" or "I have high rating so I won't reverse" bullshit. Both are false, Paypal gift is reversible, and even if someone is trusted, but someone who paid him paid with a stolen account, and then they (unknowingly) paid you with that money, Paypal will reverse both transactions.

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