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1  Economy / Economics / Re: Investing in Bitcoin on: August 21, 2013, 01:27:04 AM
Yeah it is a shame. But I was actually thinking of using cavirtex to purchase bitcoins since its got a really low exchange rate and then end up selling on CampBX or wherever has a much higher prices.
2  Economy / Economics / Re: Investing in Bitcoin on: August 21, 2013, 12:07:42 AM

How did you bypass the mandatory newbie jail?

The rate is market driven so it fluctuates, and it is going to get bigger. So not a bad Idea to get approved on Gox as you can sometimes make an instant profit. 

That said Gox. Has its problems I suspect people trying to get money out are buying on Gox and selling on other exchanges (you can't stop Bitcoin but you can stop Fiat)

See:  https://bitcointalk.org/index.php?topic=272418.0 for info of CAvirtex.

All in all, keep your Bitcoin's safe, given all the history of lost/stolen coin, I prefer to manage my own coins, and only keep coins on an exchange long enough to sell them. 

Also if you hunt around the net you can find there are at least 2 Bitcoin meetups almost every month in Vancouver, you can buy face to face. (I think Vertex is still a more cost effective option right now.)


All you need is one post to get out of newbie jail!

Hearing about the issues on Gox has thrown me away from that site. I am going through the process of approval on the CaVirtex site. As well getting a new bank account so my other funds don't get tampered with.
3  Economy / Economics / Re: Investing in Bitcoin on: August 20, 2013, 11:31:08 PM
Yeah I have heard some great things happening in Vancouver. I'm actually in Toronto and can hardly find anything bitcoin related over here. Hopefully this continues to grow so I can eventually start using bitcoins that I purchase locally!
4  Economy / Economics / Re: Investing in Bitcoin on: August 20, 2013, 02:36:42 AM
Thanks for the help everyone!

Looking at that cavirtex site just curious why the price is so low. 1BTC = $90CDN. Where as in other sites that I have looked 1BTC would be worth around $110. Do different sites sell at its own various rates?

Sorry I'm pretty new to this and trying to wrap my head around everything still.
5  Economy / Economics / Re: Investing in Bitcoin on: August 20, 2013, 02:04:12 AM
The problem is Coinbase only does exchanges with american banks. I have my wallet setup on coinbase however cant purchase anything! What are Canadians using to exchange funds over to bitcoins other than mt. gox?
6  Economy / Economics / Investing in Bitcoin on: August 20, 2013, 12:29:48 AM
I have recently heard of bitcoin and decided to do a ton of research about it. Investing in bitcoin does seem to be enticing due to the ever growing issues with our current economy.  I'm from Canada and is going through the verification process for Mt. Gox. During this time I want to see what people would recommend in investing and how people reaping the benefits from it. What to do and what not to do! Also if digital currency does become the way we do business online how does the value of bitcoin translate to other digital currencies in the future. Would this have a negative affect?

Thanks!

-Jeev
7  Other / Beginners & Help / Bitcoin Businesses on: August 19, 2013, 03:34:49 AM
Hi I have been reading and watching many videos about Bitcoin and trying to understand how exactly it works. That being said how is the value of bitcoin determined relative to actual currency? Is my Canadian dollar going to keep becoming less valuable as years go on with the rise of digital currency?
 
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