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Wow, 50?? I wish. Must have been an early adopter guy? Ok so I have 7 in cold storage and about 1.5 to mess around with mainly on poker  Therefor I am NOT rich... which really does suck |
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^^^ Sounds like you had way to much already. Put down the crackpipe and step away.
I use BTC to buy drugs, like everyone else. If not for drugs my bitcoin would be useless. Because not interested in child pornography or supporting terrorists  *crank != crack. Lrn 2 difference. So you don't pay taxes with fiat? If not good for you but Im guessing your sitting in some "western" "civilized" country paying your taxes with FIAT and so your ARE funding terrorism wether it be ISRAHELL, ISIS (yes USA/EU funds ISIS), countless barbarous dictatorships (The Gulf States/Egypt military/Ukraine Nazi Gov)... honestly the list seems endless. So you may not be interested in funding terrorism but you are with FIAT taxes. Just saying |
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The negative image portrayed by the MSM is completely fake. The agenda has been pushed so hard that some of you guys actually believe the hype. For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs. Does fiat get a bad rap?
... If I'm following your logic: 1. Booting shit crank & bath salts kills people 2. Natural causes kill more people. Question: Why don't natural causes get a bad wrap? Answer: No idea, mind if I use your rig & cooker when you're done? Answer: Probably because Natural causes are just that!!! NATURAL dumbass, so who you gonna blame??? |
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The negative image portrayed by the MSM is completely fake. The agenda has been pushed so hard that some of you guys actually believe the hype. For instance, fiat is used much more prevalently for things like terrorism, child pornography and drugs. Does fiat get a bad rap?
The legacy financial system is wrought with exchange and bank failure. The only difference is those legacy institutions are bailed out, while bitcoin exchange failures are gotten rid of, the former working to weaken the system and the latter working to strengthen it. In fact over 9000 banks failed in the US during the great depression. 465 banks failed in the US from 2008 to 2012, and that is WITH bailouts! Is the dollar considered a shadowy currency in need of rebranding?
The point is, bitcoin's negative image has been completely manufactured by the MSM. Compared to fiat, bitcoin is a godsend. The early internet was portrayed in the same light, so this should have been expected. Just as the internet overcame it's early skepticism without a rebranding, bitcoin will to.
Yes THIS Exactly^^^ I would post a picture of some choking victim/leftover crack album covers (Fuck World Trade) but I will refrain for now. Leave that to the mammoth speculation thread |
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Hmmm, well as someone who only has about 7.5btc to my name I am holding tight for the long term. Living in the UK is fairly difficult for me to use exchanges for trading on a day to day basis. Also really to make any progress I would either have to trade with a lot more btc than I currently am (sort of playing around with half a bitcoin on coinbase) or the price needs to be a lot more volatile.
To be honest was kinda hoping prices would have fallen to around 100/150 dollars so that I could afford to buy a few more btc but hey its all good
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Thats a great read. Before buying my first bitcoin in December of last year I spent probably about three months looking at types of wallets and ways to keep your stash secure. In the end I have opted for the brain/paper wallet methods for my main holding and use online exchanges such as blockchain/coinbase for very small amounts for trading/gambling/purchasing. I think really security is the BIGGEST problem for most people (even someone like me who is NOT a programmer/hacker but IS very competent on computers) had to really rack my brain with all this security stuff. Again great read... I am not sure what I would do if I somehow ended up with crazy amounts of bitcoins. I think I would be very paranoid |
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Well I think personally I am going to get into as many viable altcoins as possible. Missed the whole crypto-currency train first time round so I am trying to increase my holdings of btc, but also want to get into some altcoins too. I guess with so many out there its hard to know which ones. takes a lot of time to read/research all these coins esp when you have a slave-wage job in the 'real world' lol
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Ok yeah thanks for the feedback people. So my fnuds were deposited finally and I am able to sell bitcoins now, Damn unfortunately its a day too late. Was gonna sell some while it is at $280 but its dropped a bit now so Im in two minds wether to sell a little bit now or maybe wait a few days see if price goes back over 280 again. tick tock tick tock
And yes Euro wallet is pretty cool (now I am allowed to use it fully)
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I think for most of the major exchanges like Coinbase, Bitstamp, Bitfinex, Kraken, etc you have to be verified somehow either by your bank or other documents, before you can actively trade.
If you want to trade with minimal verification probably BTC-E or Cryptsy will do.
I am fully verified with coinbase as in proof of ID and residence. Buy doing this I was able to buy and sell btc for euroes until last week. I realize if I wanted to sell for euroes and then transfer the euroes into my UK bank I would have needed to verify my UK bank account. This was not my plan however as I was going to buy back into btc using the euroes in my coinbase euro wallet. and then when I have say doubled my bitcoins using this method I was going to transfer the bitcoins back into my own bitcoin wallet I am not an user of those big exchanges but as far as my experience goes with my local EU exchange I can trade without authentication as much as I am under certain threshold - for example: I can freely seling bitcoin until I reach 300 euro in transactions.
Yep that's correct. |
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So before you can have full access to Coinbase's features you'll have to verify your bank account which we all know is a hassle. Good to know, so I can maybe plan ahead. But Coinbase isn't really the most attractive option in EU anyway. Is it?
Well that seems to be the case NOW... in fact if I log on to my account it still sais my daily buy/sell limit using the Euro wallet is 500 euroes per day. Except the sell btc tab is blocked. You can certainly buy no problem. My issue really isnt that I have to fully verify my UK bank. It's that the rules changed as the price went up. So I wonder if I wake up tomorrow and the price is 50dollars per btc (I know.. just making a point) will the SELL btc feature be 'unlocked' and the BUY btc option dissapear? lol Honestly not sure which exchange is good for Euroes/Pounds. Seems unless you are in the US or China you are going to have a hard time daytrading or just buying bitcoins both fast and at a price lose to the actual value on exchanges. |
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I guess I'm writing this mostly due to frustration. But also wondering if anyone else in the UK is having issues buying/selling or day-trading btc or is it just me? Also are there any UK based exchanges using faster-payments that I am unaware of? Share ur experiences people  UK here ive done a little trading, i first moved money into gox and moved BTC from there, went to BTC-e, Bitfinex and others. Banking is very difficult for us. We have UK exchanges like coinfloor but you still have to SEPA transfer your money i think. yep thought so, thats my issue. Not quick and easy, For instance Im sure being in the UK you are aware of bittylicious where you can use faster payments and buy btc in about 10 minutes. was just about setup on another exchange (Safello I think) but just as my account was verified the UK shut down their faster payments arrangment. This is why I was going to use coinbase to essentially increase my btc amount. SEPA etc is just too much hassle especially when Im not trading obscene amounts of money. Ok Ill look into coinfloor thanks for reminder, I didn't bother as it was SEPA but I guess for now UK residents lke us don't really have a choice |
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i thought this was gonna be an actual thankful post to coinbase , i've personally never used coinbase. However , i think its your UK'S bank fault and not coinbase's fault.
Oh don't get me wrong absolutely my UK bank is at fault, which is why I didn't verify my UK bank account in the first place by making a deposit. I was not even planning to sell the bitcoins for pounds (essentially cashing out), I wanted to sell some for euroes (which I did about a month ago) and when price drops buy back in. My point is when the price was flat for the most part over Feb I was able to sell my bitcoins in exchange for euroes to coinbase. It's just a little funny how when the price started to go up pretty quick that when I tried again my ability was blocked. |
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Ooh I fly to Amsterdam later this month, that would be a great watch if it's available. Good catch though... hoping this will increase awareness. Still feel that bitcoin is very difficult to get into initially especially for older generations or even your average person who how shall I put this politely? Is a little on thr dim side (which seems to be more and more with the standards of education especially in so called first world or western countries)
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Ok bit of back-story, sorry for the length So I finally buy my first bitcoin in December 2014. And since then I have slowly increased my amount using various places on the internet that lets me buy it hassle-free. I am in the UK and banks here are really not helpful with exchanges etc. So I have a modest amount (about 6/7btc) and decided that I need to start trading little amounts here and there as I am not on a good wage to keep putting money into btc. So Coinbase comes up but not for UK residents. However they have a Euro Wallet feature which I thought I would use to trade and try and slowly increase my holdings (as well as learn how to trade etc as this is a first) I transferred some BTC into my coinbase account, sold some in exchange for Euros which then went into my Coinbase Euro Wallet. Ok I thought, great, I have a simple way to buy and sell BTC using coinbase without actually using the exchange. What happens? Price starts going crazy last week and I figure ok now is a chance to sell say 0.25 or 0.5 btc and IF the price drops I can buy some BTC back (you know sell 0.25 this weekend just gone and buy say during this week IF price goes back down and hopefully I turn my 0.25btc into say 0.3btc). I know its small amounts but like I say I'm not super-rich and for the most want to hold (trade with say 10% of my btc) as well as being new to trading. What happens? SORRY, in order to sell btc I need to verify my UK bank account??? What? Even though I sold 0.25btc on the 13th of FEB as a TEST just to make sure it all works. So what's the deal? price starts to go up so now they won't let me sell my btc but hey I can BUY NO PROBLEM. So now I am waiting and waiting and waiting for my useless UK bank to send the funds via international money transfer (and with a hefty charge from my bank, thanks banksters) over to the Coinbase bank making my first official FIAT deposit in order to verify my bank account so I can buy/sell btc using the Euro wallet. So here goes a possible opportunity to slightly increase my BTC gone thanks to coinbase deciding to stop my ability to sell BTC even though my limit to buy/sell is 500EUR worth per day. So sick of the FIAT money system as well as un-impressed with Coinbase for making me jump through hoops for no reason except the price of BTC went up. Ok rant over... I guess I'm writing this mostly due to frustration. But also wondering if anyone else in the UK is having issues buying/selling or day-trading btc or is it just me? Also are there any UK based exchanges using faster-payments that I am unaware of? Share ur experiences people |
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Hi, this is my first ever sig campaign. I hope I am doing this right. Anyway here are my details. So as I understand 25 posts per week... where is the cut-off date?
1. Bitcointalk User Name: drbrock
2. Bitcointalk Post Count: 48
3. Bitcointalk Forum Rank: Jr. Member
4. Bitcoin Address: 17aHtbvRq7ixzcXiopDrqiszcYgjBzrFm8.
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Ok so Im still reading through the looong FUD filled, bickering arena that is the 20MB fork section. probably about a third of the way through but from what I gather I am against the fork.... sounds like Wall St/USG co-opting BTC to me but hey WTF do I know.
Anyway I want BTC to live and grow forever
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These illiterate towelheads will never be able to operate a wallet.
Oh yeah like Amirikkkans can operate a wallet haha ISIS does NOT need Bitcoins man .. they got OIL. Lots and lots of oil ..
Oh don't forget they have Mossad-CIA-MI5 as backing also. ISIS is just another extension of CIA - remember how Dumb old US of A wanted to bomb another country (I think it was Syria although its hard to keep track of Empire's Scezophrnia), well they got denied so ooops here's ISIS In the Old tradition of "towel heads" - DEATH TO AMERIKA!!!! AFAIK most bitcoin business are happening in America.. AFAIK most ISIS funding comes from America too |
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These illiterate towelheads will never be able to operate a wallet.
Oh yeah like Amirikkkans can operate a wallet haha ISIS does NOT need Bitcoins man .. they got OIL. Lots and lots of oil ..
Oh don't forget they have Mossad-CIA-MI5 as backing also. ISIS is just another extension of CIA - remember how Dumb old US of A wanted to bomb another country (I think it was Syria although its hard to keep track of Empire's Scezophrnia), well they got denied so ooops here's ISIS In the Old tradition of "towel heads" - DEATH TO AMERIKA!!!! |
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So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree  Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more: - 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
or
- 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this  Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat) By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time. I got to be rich to do that..buy an xbox with usd for 300$ or else buy with btc for 600$(to buy equal btc again) I guess you are really bad at math. So, I give you an example. Let's assume you bought 10 BTC for USD 1000 each last year. Now, you want to buy an Xbox. Scenario 1: You buy it with fiat. You spend 300 USD. (-10.000)+(-300)=-10.300 [USD] 10 = 10 BTCScenario 2: You buy with BTC and replenish. Assume 1 BTC=300 USD (-10.000)+(-300)=-10.300 [USD] 10-1+1=10 BTCHave you lost any money in Scenario 2? No But you have stimulated BTC-economy. Have you put selling pressure on the BTC-market? No. The merchant has sold 1 BTC, but you have bought 1 BTC, which nullifies: (-1)+1=0 WHAT?  This makes no sense to me. Assume BTC was 10.000 and is now 300? what? If you buy an Xbox for 300 USD then you are down 300 If you buy an Xbox with 1BTC (worth 300 USD) and then buy 1BTC (at 300USD) then you are down 600. FUCKING IDIOT |
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