Wait, sub 50? Can you actually owe money if you invest on bitcoins? That's ridiculous. It's a exchange market, you buy from a person, that person sold you the BTCs at market price on that time, if it ever goes to 0, then you lose all, but how in hell is it going to go sub 0? who would you owe that money to in any case

Ok lets say you do this. How do you cash out 900k? Who is going to have enough money to buy a 900K worth of bitcoins? and if someone buys you at 900K, how are you going to cash out? the bank is going to be tripping balls about all that money, what are you going to say? Also, think about exchange sites being seized and you lossing the money (Example : Bitcoin-24). And if you split it in groups of 10k, it will take you ages to cash out the entire thing and during that time, if bitcoin is still as insanely volatile, the price would from fluctuate a bit to crash.

I still admire your balls (no homo). I want to jump off a bridge by missing on the bitcoin boat and then jump again at missing on the LTC board (it was 7.4 dollars when I learned about it, but I couldn't find a fucking place to buy LTC in europe that didn't need for you to present bill proof evidence, and I cant do that because im a poor NEET failure that lives with its parents).
fuck my life

Seriously, anyone believes this? I have read in forums some guys mined bitcoin just for fun back in the day, and they are NEETs without any education, but they happened to mine a shit load and maybe buy some weed on Silk Road or what not. So you are saying that some high school dropouts that mined bitcoins for weed when you could get a ton per day, will be richer than Bill Gates in the future? Let's get some perspective on there. Im tempted to buy one at current price because im scared that supossed "correction" these crystal ball armchair economists are predicting never happens and it goes straight up to 2, 3.. 4K.. but saying this will be worth 1+ million dollar in the future puts a lot of random clueless people into the 1% powerful elite right there with the Bielderberg Grup. Think about it, will the powers that be allow for this to happen? Sure, you can say no one believed this would be 1000 back in the day, but to achieve 1MM, means no other software comes and surpases Bitcoin, nothing against it happens, no crashes (if it crashes, the credibility will be 0 because it isn't backed by the entire US economy and US military, as opposed to the dollar) and so on and so on.
I hope im wrong and people that manage to buy now 1 BTC will be very wealthy in the future, but im afraid we missed this boat a year ago. Oh, and what decides what purchasing power 1BTC has? If it needs other FIATs like USD and EUR as reference, then what would happen in an scenareo were other FIATs collapse? what stablished the purchasing power of 1BTC? I still need a reply on that one.

Hola, gracias me quedo bastante claro, pero aun tengo duras, por ejemplo, he leido en este hilo:

https://bitcointalk.org/index.php?topic=176026.0


Pero, creo que a veces tarda mas de 12 horas una transferencia internacional asi que, que pasa si le tarda mas en llegar? O se trata de hacer el ingreso, y confirmar que lo has ingresado y ya llegara? (es decir no hace falta que le llegue dentro de ese periodo de 12 horas) no se si me explico.

La duda que sigo teniendo es, por que no hay una casilla para buscar por EUR en vez de BTC. Por ejemplo yo quiero gastar 100€, pero no puedo filtrar por "100€", y pensar en BTC me parece aun muy lioso. Es decir, si no me equivoco, lo que estaria bien es que pudieras filtrar los volumes por EUR, pero no se puede. Por lo tanto tienes que calcular manualmente cuanto son 100€ en BTC y ponerlo en number of bitcoins, sino me equivoco.

Un saludo

This is delusional, I dont think 6 figures are possible. 5? Sure, but not 6. The Goverment and "powers that be" are not going to let random NEET's that happened to mine and buy thousands of BTC back in the day when they were worth cents becoming the new world 1% clique, let alone people like us that clearly missed the boat and are hoping to become millonaires by owning not a couple BTC but one, lol. Not happening. Hope for a 5 figure peak at best, and keep in mind nothing stops the powers that be to simply declare Bitcoins ilegal if it ever becomes a serious threat to the status quo. Remember the fundamental value of BTC is 0.
So, at this point in time, unless you are already a millonaire that can gamble a couple millions to buy BTC NOW, then wait a bit, see if it gets higher and sell, you are not going to be a millonaire by owning 1 BTC, not in a million years (oh, and we are talking about the purchasing power of current 1MM$, aka all that matters). I hope im wrong but common sense applies to what I said. We are too late to the party. If you are wealthy in BTC, IMO, sell as soon as it gets to 5 figures but be aware of the risk you are taking by not selling now.
PS: If there is a big crash in Bitcoins before a big crash in FIAT, I dont think no one is going to take Bitcoins for real anymore.

For you to be in the "richies" means that you at least own a couple USD million dollars with current purchasing power (aka asuming it doesnt get devalued by time).
The scenareo some paint I simply cant believe it. These guys that believe not only 1BTC= 10k, 100k or even 1Million are delusional IMO. Do you think the goverment and powers that be are going to let random NEETs that happened to mine a shit ton of BTC on the early days become the new 1% clique? Get real. Im sure BTC will rise a bit still but we are certainly late to the party to pertain to that 1% in terms of purchasing power.

Can anyone tell me what to do

So I downloaded bootstrap.dat, 9GB+ from the torrent file on the source page, and I put it on my Bitcoin folder, but it's still so far away from completing the download. Am i doing something wrong? because its still 31 weeks behind.
I think im giving up on qt and i'll ulse Multi, I hope it looks the same now that i learned how to use the default client. Can u encrypt wallet.dat with it and so on?

Hola, busco un exchange para comprar Bitcoin que no requiera de facturas a tu nombre para poder operar, y me han dicho que Bitcoin.de es uno de ellos. Me gustaria saber como funciona a la hora de comprar y vender. Es decir, si tu compras a un cierto precio, te daran los BTC que correspondian a ese mismo momento, o a los que se cotice una vez se ha hecho el pago? Lo digo por que al ser tan volatil me preocupa.
Sobre lo que es segun la reputacion ("BitcoinDE está basada en el Trust o reputación de los usuarios.")
Entonces es basicamente como LocalBitcoin? Es que yo quiero evitar ese tipo de sites, por que mi cuenta esta en la Caixa y se han bloqueado cuentas:
https://bitcointalk.org/index.php?topic=322186.0

Fue al vender BTC por €, pero igual que fue al vender puede darse al reves el caso. Como saber si aunque sea un usuario trusted realmente es seguro? El exchange asegura que esto no pasara?

Despues ya en el mismo exchange tengo dudas (soy nuevo en esto). Por ejemplo veamos aqui:





Mirando cada cosa, me gustaria tener claro todo:

-Como se calcula el precio de compra y venta? (buy for 595.00 EUR y sell for 582.00 EUR)

-Bitcoins to be sold: Esto imagine que es el volumen del exchange

-Despues vamos a la columna BUY. En number of Bitcoin seleccionas los BTC que quieres comprar, y en purchase price el precio por BTC que el vendedor haya escogido (imagino que aqui cada uno hace su oferta como le parezca) y te lo filtra de la lista. Pero lo que no entiendo es por que no dan la posibilidad de introducir los EUR que quieres gastar? Yo lo veo mas claro que buscar por BTC. Por ejemplo, si quiero invertir 100€, podria poner 100€ y que me filtrara a partir de ahi, pero como no se puede que tengo que hacer? Es que no quiero equivocarme con la conversion BTC a EUR para calcular esos 100€ que quiero gastar.

-En Amount (min): Esto entiendo que significa por ejemplo en el primer ejemplo: 1 (1). El vendedor vende 1 BTC y el (1) significa que lo tienes que comprar entero.
En el tercer ejemplo, 0.37531984 (0.2) significa que tiene 0.37531984 y le puedes comprar de esa cantidad 0.2 como minimo. Es asi?

-La barra de volume que significa exactamente? En unos es el mismo que Price/BTC y en otros no.

-Lo de los escudos verdes es que esta verificado o no el comprador, imagino que mejor ignorar todos las ofertas de gente que no este verificada no? (por seguridad)

Bueno espero que me puedan aclarar todas estas dudas si es posible

Un saludo

So you are saying that even if it's not crucial and you could use other clients that do not require you to download the blockchain big ass file, the ideal and most secure scenareo is still using Bitcoin-QT with said big file downloaded and up to date??

Hola, alguien podria decirme algun sitio? Que no pindan facturas ni nada que no sea mi propio DNI, Visa y  cuenta bancaria y telefono movil como mucho. Es urgente.

Un saludo.

Hola, el caso es que tengo pensado en comprar tambien LTC.
Lo que quiero hacer es, comprar LTC y BTC cuando me interese, esperando esa supuesta bajada (por cierto acaba de cruzar los 800 USD otra vez hace un rato) y guardarmelos en el wallet, no tengo pensado en dejarlos por ahi, los quiero guardar y ver que pasa, y si se dan las circunstancias, continuar comprando. Es una inversion a largo plazo, esperando que las teorias que mantienen que seguira subiendo sean ciertas.

Un saludo

Hola, me quedo mas o menos claro con el ejemplo de las naranjas. Imagino que tendre que confirmar la cuenta y me saldra una lista de precios para poder comprar que no sean solo Limit, pero sigo sin entender por que en Market sale tan caro, como puede estar a 17 un LTC? Sere que soy de mollera un poco dura.

De todas formas dejando de lado Kraken, me interesaria saber otras paginas de exchange donde comprar por SEPA por que es la unica forma que podria, a no ser que acepten Visas. Me han comentado BTC-e o Bitstamp pero me gustaria tener mas informacion en especial las fees y los datos personales que pidan.

Un saludo

Hola, SEPA que es exactamente? Osea, yo lo que podria hacer es desde el portal la caixa, entrar a mi cuenta y hacer lo que viene siendo una "transferencia bancaria" directamente desde mi cuenta, y esto al ser a otro pais de la union europea se considera SEPA? No entiendo muy bien exactamente la definicion.

Que exchange me recomiendas? Me gustaria invertir un poco en BTC y ademas tambien LTC en cuanto vea que tira hacia abajo otra vez, por lo tanto me gustaria tenerlo ya todo preparado, por que he leido que en algunos sitios se tarda en que te acepten tu cuenta. Como ya he dicho, no tengo facturas a mi nombre asi que sitios que pidan ese dato los descarto. Que os parece Kraken? Me he hecho una cuenta pero no entiendo muy bien el sistema, a la hora de comprar le doy a "Market" y en teoria, me deberia dar la conversion a precio de mercado, es que debe ser de broma o algo por que abajo pone "buy LTC at the best market place" y te sale 17.993 por LTC. Alguien me explica como es esto??
Y luego si selecciono Limit, compra a ese limite que viene arriba de 11 USD. No lo entiendo. Como puedo hacer para comprar al precio que este y ya esta?

Lo del 0 tier user es por que aun no he verificado la cuenta, solo estoy haciendo pruebas.

Si me decis otros exchanges fiables se agradece.

El tema sobre tu caso en concreto, es saber si fue por que fue directamente una estaba por LocalBitcoins/LocalLitecoins. Tambien has tenido problemas usando exchanges en vez de personas directamente?

Un saludo

Yo estoy en La Caixa, y para compras online uso CaixaWallet, la verdad es que muy bien hasta ahora, es una tarjeta virtual Visa, y (que yo sepa) completamente gratis y sin comisiones. He comprado por ebay y hecho ingresos sin problemas.

Quiero hacer unas inversiones en LTC, NMC y BTC, me gustaria comprar pero no me animo por el hilo que he visto aqui:

https://bitcointalk.org/index.php?topic=322186.0

Me gustaria saber que opciones tengo. Llevo varios dias mirando el tema y quiero empezar a hacer movimientos ya, pero entre eso y que no me decido a que web de exchange apostar no me inicio. Podria comprar con CaixaWallet haciendo una transferencia desde ahi? (viene a ser una Visa). La unica otra opcion es una simple transferencia bancaria (creo que esto se llama SEPA si es a otro pais Europeo) pero que pasa si fuera de Europa como es el caso de BTChina? Ademas, no me fio por los casos de bloqueos de cuentas. Creo que solo ha sido en paginas tipo LocalBitcoins donde al parecer hay mucha estafa, pero si a tu banco le da por sospechar una transaccion que haces al extrangero en una web exchange, te la pueden liar igual, aunque como digo, he enviado/recibido dinero a otros paises, un par de veces a comerciantes chinos por ebay por ejemplo, y nunca a pasado nada.
Luego para algunos sitios como OKPay, piden demasiados datos, por ejemplo hasta una factura de tu casa, y yo las facturas no la pago por lo tanto no hay ninguna a mi nombre.

En fin a ver si me aclarais un poco, por que tengo pensado el invertir y me gustaria hacerlo cuanto antes.

Un saludo

Again: Just think for a moment, there is probably people right now that are millonaires by owning 30K Bitcoins, imagine if they save all of that for years, and in a decade Bitcoins are worth 100K's... it would basically mean super early adopters are among the richest wealthiest world elite. How would the Govt and "the powers that be" allow for all of that? And to add more: Who the fuck would have the money to pay you in USD/EUR if you want to convert your Bitcoins? I mean, right now, there are having a lot of problems with people that are trying cash out. I mean, do you really think there were hundreds of thousands of dollars just sitting around waiting to be traded for bitcoins?

Do you honestly think these exchanges have millions laying around to back all of the bitcoins that could be cashed out at any given moment?

I know exactly how you feel ,as we are on a similar boat (also single, etc). I knew about Bitcoins back in the day, but I asociated it with ilegal activities because of all the deep web stuff so I ignored the whole thing, only to find out years later a guy is now a millonaire off a 27$ investment.

Honestly, I think we are a bit late, at least to cash out millions. The only way we are going to be millonaires is if the value of a single BTC keeps rising to absurd numbers, like 100.000 USD/BTC. There are people that say it could even reach one million, but that's just absurd. Wouldn't it mean the USD is basically useless at that point? How could a currency exist on the practical world? Imagine you want to buy something really simple, like a pizza. You would be using really absurd small amounts of BTC on there. This doesn't seem very intuitive. Most of the average person shoping will be like for 0.00000000000000000000000001 BTC. Anyone else thinks this is nuts?
And imagine the super early adopters that right now have like 100k Bitcoins. They will be like the richest guys in the world. Will Govs and "the powers that be" allow for that to happen? If the "1M USD/BTC" scheme is ever true, basically it would mean super early adopters rule the world in the future. What an insane scenareo.

Hi, im new to Bitcoin, and I would like to know how cashing out works. I would like to make an investment as soon as it goes down the 400 USD/BTC territory, a small investment that is, and see how it goes, which some are predicting it will go down to even 300, before it sky rockets up to 1000 USD/BTC by early 2014 (again, this is not guaranteed, you could lose a lot of money). Im willing to risk some, but the problem for me is, I keep hearing how difficult it is to cash out. In fact, I keep hearing nowadays is just impossible to cash out, so you are stuck having this virtual currency that is practically useless to buy actual stuff (at least to this day) and, let's be honest, most people here are for the speculative potential it has, at least until it gets normalized and the crazy rollercoaster eventually ends; But the thing is, cashing out to USD/EUR is as difficult as they say? What are the options to do this? I've been told you either find a person that is willing to pay, or use something else which is "automatic", a site like Mtgox or Bitstamp. What's the better option?

So, let us imagine you are one of the lucky (or may I say visionaires?) early adopters that did an investment, even if it was ridiculously low, like this guy:

http://www.thelocal.no/20131029/student-buys-oslo-apartment-with-27-bitcoin-stash

So your life changes forever, after you check the currency equivalencies years later: You now are in possesion of 680,000$.
You don't think twice about it, rush inmediately to your wallet, try to find your password, finally find out your pass. You don't hesitate to buy, since you are scared as fuck that it may go down any minute, so you sell a big part of your BTC. If we read the paper, he says he split his stuff between Mt.Gox and Bitcoin-24:


Since im not only new to Bitcoins but to stock market in general, I would like to know specifically how this works. Like, what is the difference from using Mt.Gox or Bitstamp or Bitcoin-24, compared to sites like Localbitcoins or other sites which is basically a person selling you BTC if you make a payment to a bank account of them? maybe applying a little % like 2... whats the difference? If you are buying/selling in a place like Localbitcoins you do it directly with people, but what about Mt.Gox etc...? who you buy to? it's a person that makes an offer or "an entitiy"?

Also, what did he meant by spread the risk? If there was a crash, wouldn't it meant it happens everywhere? It would go down in Mt.Gox, Bitstamp etc... all the sites, so what's the point of splitting it? The only reason I see is exactly what happened to the guy, aka a site getting seized for some reason (why did Bitcoin-24 got seized??)

And here is more questions:

-What defines the difference in prices between sites? Like, Mt.Gox right now runs at 554.43 USD / BTC, but BTC-e runs at 495.29 USD / BTC.

-Where is the best place to start buying Bitcoins (I asume mining is useless at this point) for newbies? I keep hearing Localbitcoins is the best way but im not sure about it, I dont want to get scammed. What paymen method should I look for?

-Very important question: If you buy BTC, and for example right now it's at BTC 579.71 USD / BTC @ Mt.Gox, and you buy it right now, but you recieve the BTC you bought 1 or 2 weeks later, will you recieve the amount you bought exactly when you bought them or will you recieve the amount of the value it has when you recieve them? This is very important because this is a rollercoaster.
If you buy not using a site like Mt.Gox but a person directly, how does this work? Because if you buy at BTC 579.71 USD / BTC  but then when you get the BTC it has changed a lot, it's worthless. I don't get if im being clear with this question?

-Trading Bitcoins using brokers: What do you think about this? There are some that allow Bitcoins already, with leverages from 1:2 to 1:5, do you think this is a good idea? For example, Avatarade offers a similar service, but it has a major downside: It's not open during the weekends, so if there is a big opportunity during the weekend you will be really pissed off.

-Is there a situation where you can be in debt if something goes really wrong? Afaik, no matter if you go on your own or use brokers, the biggest risk is always lossing whatever you invest, it's impossible you enter in debt (unless you are working with money you took out of a loan, lend money and what not)

Thanks