Bitcoin Forum

Other => Beginners & Help => Topic started by: Lupus_domini on October 21, 2012, 01:05:17 PM



Title: Stock market
Post by: Lupus_domini on October 21, 2012, 01:05:17 PM
are there any sites that let you invest on the stock market using bitcoins?


Title: Re: Stock market
Post by: Vdizz on October 21, 2012, 01:50:29 PM
Short answer is NO.

Be cautious with investments as majority of long term investments/high interest loans/bond markets ended up being a scam. if you invest your BTCs - invest what you can afford to lose.


Title: Re: Stock market
Post by: Undefined31415 on October 21, 2012, 03:56:08 PM
Not in the real world stock market, you'd have to convert your BTC into the standard currency of your country.

Although there are small stock exchanges that accept BTC, however GLBSE was just shut down, so you may want to think about it before putting money in say, https://cryptostocks.com/.


Title: Re: Stock market
Post by: ChrisNelson on October 21, 2012, 04:31:07 PM
I don't think investing all your money into bitcoin is a very good idea.


Title: Re: Stock market
Post by: Starmie on October 21, 2012, 05:31:40 PM
Not in the real world stock market, you can invest money in Bitcoin projects ( company's ) though.

However there is a big chance you loss your money due to scamming.
Such a site where you can do that is: https://cryptostocks.com/



Title: Re: Stock market
Post by: syleron on October 21, 2012, 05:42:56 PM
As it has been said I would think twice about investing btc in any btc stock market platforms. GLBSE was just recently shutdown and I have yet to see the BTC I invested into it.



Title: Re: Stock market
Post by: Lupus_domini on October 21, 2012, 06:15:32 PM
thanks for the replies i think ill steer clear of stocks and other investments I'll figure out another way to make money


Title: Re: Stock market
Post by: Stephen Gornick on October 21, 2012, 06:50:46 PM
are there any sites that let you invest on the stock market using bitcoins?

You are asking if there are any brokers who accept funds in the form of bitcoins that would allow you to purchase stocks on the public markets?

There are none in the U.S. that (yet) provide that.

There are online brokerages in the U.S. that take ACH / direct deposit transfers, which would allow bitcoins to be traded for USDs and then withdrawn as an ACH.  Any Bitcoin exchange that does Dwolla cash-out would work for this:
 - http://www.MtGox.com
 - http://CampBX.com
 - http://FastCash4Bitcoins.com

There is one type of market where bitcoins can be used to speculate on gold, oil / crude (WTI), and dollars:
 - http://ICBIT.se

There is also a bitcoin-based market where a handful of "equities" for unincorporated entities are traded -- MPEX:
 - http://polimedia.us/bitcoin/mpex.php

There are a couple of methods where bitcoins can be used to fund Forex trading accounts:
 - http://www.bit4x.com/
 - http://www.LiteForex.com

There is a hedge fund that announced plans to invest in bitcoins as one of its asset classes:
 - http://www.hedgeweek.com/2012/10/08/174393/emergence-electronic-gold%E2%80%A6

There has been interest in something like what you are describing, but none to-date have progressed to where this is available today:

Real Life Stock Passthroughs (eg AAPL)
 - http://bitcointalk.org/index.php?topic=112363.0

Buy/Sell AAPL with BTC/LTC
 - http://bitcointalk.org/index.php?topic=100688.0

There isn't necessarily a good reason that this isn't available yet today -- as long as the broker performs the same AML/KYC as a broker that accepts fiat does.  Because bitcoins can be used to transfer funds faster than a bank wire transfer even, it wouldn't be surprising to see support for Bitcoin as a funding method be one of the more common requests.  It's a natural fit, so it will likely be happening.  It is likely just a matter of time.


Title: Re: Stock market
Post by: bbit on October 21, 2012, 07:10:35 PM
You'll be able to invest in bitcoin related projects for rewards soon:

http://www.bitcoinstarter.com


Title: Re: Stock market
Post by: Lupus_domini on October 21, 2012, 07:14:00 PM
Thanks I think i'll try ICBIT with a small ammount of bitcoins (I just have a small amount from surveys atm.)