Maybe look into forex trading if you're looking to make money from currency trading, maybe leverage against the euro and dinar and such.

If you want a better currency for your future use, Bitcoin is that answer. Look into Apple and other tech stocks for your investment desires.

Whatever you invest in, make sure you're not keeping your earnings in any fiat currency. They will not be worth much in a few years no matter how well your investments turn out.

There are many ways people get Amazon points / coupons / discounts. They can easily turn that into bitcoins.

Also, for some people internationally there are very few ways to get bitcoins. I know here in Germany some people on localbitcoins ask for around 20% above price. I put my price at 10% and had people driving hours to buy at such a "low" price.

This.

Wow, that went over almost everyone's head.

You can't send fiat over the Bitcoin network people! And you can't send bitcoin over the bank fiat network (try it, I'm sure your bank's manager will be confused when you hold up your private key and ask to send bitcoins to another bank over ACH or SEPA).

The original warning was from the Ukraine Central Bank saying they would not allow Bitcoin to be sent over their banking networks (I just changed bitcoin to fiat and vice versa). And yet this was translated by all articles to "Ukraine bans Bitcoin?". Even Ecuador where everyone has been convinced that Bitcoin is banned, the actual law states that it is illegal to send cryptocurrency over their national fiat payment network (not only is it illegal, it is physically impossible).

A little lesson: Banks banning bitcoins from their banks does not equal Bitcoins are illegal. McDonalds banning Burger King hamburgers from their restaurants does not equal Burger King hamburgers are illegal.

The Central Bank made the "announcement" on Facebook for God's sake...if Facebook posts can make things illegal, we will all be forced to buy kittens and puppies.

two fiddy

I can't believe I set my buy price at 255 Euro back in November when the price was over 300 and it bottomed only doing a partial trade at 255.

I guess I called the bottom.

Updated OP again.

I was able to get $500 of my paycheck converted to bitcoins. Went through to my Bitcoin address. Next step, full bitcoin paycheck.

Like most people I have a tablet that I never use except when I go on an airplane.

So, instead of letting it sit in a drawer somewhere I use it as my alarm clock. I have it set up next to my bed with a clock and it wakes me up in the morning with the ability to hit snooze or dismiss.

What would be even better is if when I wake up in the morning I hit dismiss and look at my clock and see the price of bitcoin below the time.

Not that I would pay a lot for this, I think it would be cool and I imagine it would be a simple app to write.

Easiest as far as verifications go is localbitcoins.

If you're in the US CoinBase is about the best route for bank transfers.

I have had to deal with a few companies since moving to Europe.

I have had to send:
a copy of my passport
a copy of the back of my passport
a picture of me holding up my passport
a copy of my debit card (I forgot which service required that)
a copy of my bank statement
proof of address

In the end I was denied on 2 out of the 4 that I tried. One of them costs me money to wire my money to them because they are in Hong Kong, the other was working for 2 weeks and then halted euro deposits. They opened euro deposits for a week and now dropped my verification level because they upgraded their verification process. This includes a new questionnaire with the following questions:
Are you a politicaly exposed person?
Are your family members politically exposed?
Are you working as an executive staff, acting board member or current shareholder (>10%) of any licensed financial institution?
Have you ever been charged with a financial crime, tax evasion cases, involved in falsification of auditor documents or are currently a person of interest in a financial crime(s) case?

What does "politically exposed person" even mean?


I went to get a bank account. Walked in, showed my ID, signed some papers, got an account.
It seems to me that the Bitcoin exchanges are under much more restrictions than banks when it comes to proof of identity.


But, by jumping through all of those hoops you are able to charge people using localbitcoins a premium because you deal with all of the bullshit so they don't have to.

You forgot to post the bubble pop picture that looks absolutely nothing like our current charts (and is actually encouraging showing us returning to the mean average)

Very safe.

If you are expecting $10k prices, taking the chance of selling now and buying a few dollars less is the smart move.

I'm pretty sure the euro is not accepted on the Bitcoin blockchain either.

No, you cannot send fiat currency over the Bitcoin blockchain.

I'm not sure 100% on the translation but does this mean that all fiat currencies have been banned in Ukraine?


http://www.coindesk.com/bitcoin-foundation-ukraine-central-bank-warning-isnt-ban/

One step closer to understanding public key cryptography but it still has not clicked.

Does their answer translate into a Bitcoin private/public key?

MtGox stopped allowing withdrawals and deposits of fiat. If that ever happens on an exchange you are on, get your bitcoins out of there fast. Everyone knew MtGox was not legit and got their money out. Those that left their money on were taking advantage of the crazy volatility going on there. The price de-coupled at one point from all other exchanges. It was no longer an exchange, it was a gambling site.

Most Russians would just buy dollars and keep them in banks in neighboring countries...like Cyprus.

My 255 euro buy wall has held for the past few days even while the dollar amount equivalent has gone below that on several exchanges. It's only 3 BTC.

I had a hard time getting the iPhone 6 from there. You need to make sure you get a listing where it shows the price in the ad on Amazon.

Most of the countries are run by dictators.

When your government allows you almost zero freedom, you will not produce.

The country that has improved the most since their dictatorship fell is Somalia. While not a powerhouse compared to 1st world countries, it is a vast improvement from its dictatorship days.