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There are many options currently available:
Local bitcoin meetups, Exchanges & of course the ATM.
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I believe that localbitcoins, circle and virwox currently sell bitcoins via debit card transactions.
You may encounter a waiting time of over 2 hours though.
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I hope I'm putting this in the right area, sorry if not.
I see tons of people selling bitcoins (partials) at 2x-3x normal going rates. Why is that?
Or better yet, why would anyone buy those??
Thanks.
They are either preying on foolish people who are unaware of the correct price range of a bitcoin or perhaps the sellers know that buyers are willing to pay a premium price in order to avoid exchange services. |
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The only method I know of is VirWox.
It is quite expensive but it is a safe and popular service.
There is very little verification as far as I remember.
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I dont understand how sending it as a gift wont stop a chargeback,
I sent PP as a gift and got screwed over (10 bucks big deal), when I went to do chargeback it wouldnt even let me.
Big red letters, cannot chargeback since payments was not for goods or services.
People keep saying if you do gift chargebacks can still happen easily.
I understand maybe if they pay with credit card but what if it is paypal fund or ACH payment?
That is not a charge-back! What you are referring to is a dispute! When you make a gift payment, it is true that you cannot file a dispute at PayPal's Resolution Center. However, if your payment was made via a credit card, you CAN file a charge-back with your bank. This will immediately reverse the transaction and send the money back to the credit card holders account. |
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1. Make sure the seller is not a Newbie or Jr. Member.
2. Check their reputation or trust score.
3. Check their previous sales history, if they don't have any...don't be the first to buy.
4. Make sure that they use escrow, one that you trust.
5. Don't purchase via PayPal or other reversible payment methods.
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My trading strategy couldn't be any more simple... I buy when the price goes down and sell when the price goes up.
I always keep extra fiat in case of a sudden plunge in price even when I have orders pending.
I trade my bitcoins for a modest profit. I also keep some extra bitcoins in case the prices skyrocket.
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Bitcoin trading is very simple.
You are buying bitcoins at a price that you believe is currently low and that you will be able to sell at a later date for a profit.
If you have never traded before, I would recommend that you find a reputable exchange and deposit a minimum amount of money. Only create small trades until you feel confident enough before you risk larger amounts.
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While I have heard good things about localbitcoins.
I believe the safest way to buy and sell BTC is on an exchange platform.
Although localbitcoins is well established, cash and face to face transactions must be done with great caution and coordinated properly.
There are a myriad of potential dangers that one must deal with when exchanging funds in public location, example armed robberies and in some cases con-artists supposedly "forgetting" their laptops and borrowing yours with which they may plant malware or create exploits in order to later compromise your system.
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This seems to be an interesting new exchange.
It is always good to see new businesses built around bitcoin.
While I am a trader, I would need to see this site operational with positive feedback for at least 6 months before I would join.
Hopefully, you guys will still be around by then.
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I could see the price going down to $200 momentarily, but it looks like it has temporarily stabilized at the $250 to $290 range for the next week.
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OP, you are a funny guy. Perhaps you should be a stand-up comedian. This is the bitcoin joke of the day.  |
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I think any government should target tax evaders!
There's absolutely nothing wrong with that.
Of course on the other side of the spectrum, tax evaders will find a friend in Bitcoin.
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Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.
This is entirely possible since it is already so close to the US value. If another Euro country asks for a bailout again this year, it is sure to happen. |
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Even if it was designed just to be a pump and dump scheme, it still took on a life of its own and has usurped that position.
Additionally, why didn't Satoshi empty his account during the $1,000+ price tag?
This alone is reason to believe that bitcoin was not intended to be a pump or dump scheme by its creator.
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This change would be a slow process.
The switch would probably happen incrementally, from state to state or country to country over a period of years.
The entire world would not accept this change overnight.
Same thing happened with the introduction of dollars when they began phasing out using gold as a day to day currency.
This would affect every country's economy as they would have to overhaul entire monetary systems that have been in place for decades.
The country that would probably be most affected would be the USA because they would no longer be able to print money out of thin air.
How would the USA operate their "black budget" when there is only transparency in all transactions?
These are very interesting questions.
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Think of Bitcoin being a 2 person raft in the middle of the Pacific Ocean, and the current economic and monetary system as a huge ocean liner or aircraft carrier that can't even feel a wave hit them. That's where we're currently at with Bitcoin. Wild price swings and lots of volatility. Once we get more merchant adoption, more investing, more development, more consumers and people using it, the raft or boat will get bigger and bigger. Once we're at Ocean Liner status you'll see only mild price fluctuations and wild celebrating.   That is a really beautiful concept to describe the system. I believe that increased functionality will lead to more adoption. More adoption equals more financial value in the bitcoin economy. Eventually, all these things should come to pass, therefore bitcoin's future looks very bright. |
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Just another scheme to take poor people's money.
Will it ever end?
Save yourself the pain and...
Get your money out of the banks and into bitcoin!
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Artificial intelligence and the fridge http://on.ft.com/1zSz2twIn science fiction, this scenario — called “singularity” or “transcendence” — usually leads to robot versus human war and a contest for world domination.
But what if, rather than a physical battle, it was an economic one, with robots siphoning off our money or destroying the global economy with out-of-control algorithmic trading programmes? Perhaps it will not make for a great movie, but it seems the more likely outcome.
With Bitcoin, it's hard to see the downside. DACs (decentralize autonomous companies) are inevitable. This article is another vestige of irrational fear about money. On the contrary, I think this will make for a great movie. |
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Volatility is what attracts most speculators, so why would it become stable?
As far as Bitcoin itself is concerned, its security is very strong.
What needs to be done to help the Bitcoin economy grow and become accepted by the masses is functionality and ease of use like Apple Pay.
The regular guy on the street won't touch Bitcoin as long as it requires him/her to be tech savvy.
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