jag2k2 (OP)
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Activity: 62
Merit: 10
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April 24, 2013, 12:39:21 PM |
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And it wasn't easy
I wasted a week on a failed wire transfer from BoA to mtgox. Then I wasted another week transferring money to Dwolla only to find out bitinstant dropped support. So then I tried the cash to bitinstant thing (with much trepidation) and that finally worked
I have to believe that once it becomes easier to buy bitcoins in the US the price is going to go way up. Also this whole experience has emphasized the value of decentralized crypto-currency. The wire transfer was 45 freaking dollars and 5 business days (which didn't even WORK - no refund) and the dwolla transfer was cheap but 4 business days and the moneygram thing was quick but another 50 dollars or so of fees. Once I got the bitcoins it cost 6 cents and about 10 minutes to transfer that money back to my offline wallet. Nice.
Over those two weeks I saw bitcoin go from 150 to 266, down to 50 and now back to 150. What a ride but here I am now, bitcoin owner and ready to take over the world!
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I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. - Thomas Jefferson
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tutkarz
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April 24, 2013, 12:48:26 PM |
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In 10 years we will tell stories to our children how we were transferring money using banks when there was no bitcoin yet. And they will ask: daddy/mom what is a bank?
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naphto
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April 24, 2013, 12:49:44 PM |
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In 10 years we will tell stories to our children how we were transferring money using banks when there was no bitcoin yet. And they will ask: daddy/mom what is a bank?
Lol. You made my day
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jerk
Newbie
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Activity: 57
Merit: 0
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April 24, 2013, 12:50:50 PM |
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next time see if you can find someone local, it would be a lot faster. https://localbitcoins.com/
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tmbp
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April 24, 2013, 01:04:05 PM |
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And it wasn't easy
I wasted a week on a failed wire transfer from BoA to mtgox. Then I wasted another week transferring money to Dwolla only to find out bitinstant dropped support. So then I tried the cash to bitinstant thing (with much trepidation) and that finally worked
I have to believe that once it becomes easier to buy bitcoins in the US the price is going to go way up. Also this whole experience has emphasized the value of decentralized crypto-currency. The wire transfer was 45 freaking dollars and 5 business days (which didn't even WORK - no refund) and the dwolla transfer was cheap but 4 business days and the moneygram thing was quick but another 50 dollars or so of fees. Once I got the bitcoins it cost 6 cents and about 10 minutes to transfer that money back to my offline wallet. Nice.
Over those two weeks I saw bitcoin go from 150 to 266, down to 50 and now back to 150. What a ride but here I am now, bitcoin owner and ready to take over the world!
In 10 years we will tell stories to our children how we were transferring money using banks when there was no bitcoin yet. And they will ask: daddy/mom what is a bank?
You guys are full of awesome
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ondratra
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June 02, 2013, 03:19:15 PM |
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In 10 years we will tell stories to our children how we were transferring money using banks when there was no bitcoin yet. And they will ask: daddy/mom what is a bank?
hopefully
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btceic
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June 02, 2013, 03:23:46 PM |
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And it wasn't easy
I wasted a week on a failed wire transfer from BoA to mtgox. Then I wasted another week transferring money to Dwolla only to find out bitinstant dropped support. So then I tried the cash to bitinstant thing (with much trepidation) and that finally worked
I have to believe that once it becomes easier to buy bitcoins in the US the price is going to go way up. Also this whole experience has emphasized the value of decentralized crypto-currency. The wire transfer was 45 freaking dollars and 5 business days (which didn't even WORK - no refund) and the dwolla transfer was cheap but 4 business days and the moneygram thing was quick but another 50 dollars or so of fees. Once I got the bitcoins it cost 6 cents and about 10 minutes to transfer that money back to my offline wallet. Nice.
Over those two weeks I saw bitcoin go from 150 to 266, down to 50 and now back to 150. What a ride but here I am now, bitcoin owner and ready to take over the world!
Congrats, have you tried coinbase, transaction went very smooth for me, have to wait for ACH but they are US based and VC funded which for me, limits my trepidation.
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mprep
Global Moderator
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Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
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June 02, 2013, 03:35:38 PM |
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Guess congrats. Good luck with handling so much Bitcoin. Still remember when that amount was only worth 70 bucks.
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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June 02, 2013, 07:56:57 PM |
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And it wasn't easy
I wasted a week on a failed wire transfer from BoA to mtgox. Then I wasted another week transferring money to Dwolla only to find out bitinstant dropped support. So then I tried the cash to bitinstant thing (with much trepidation) and that finally worked
I have to believe that once it becomes easier to buy bitcoins in the US the price is going to go way up. Also this whole experience has emphasized the value of decentralized crypto-currency. The wire transfer was 45 freaking dollars and 5 business days (which didn't even WORK - no refund) and the dwolla transfer was cheap but 4 business days and the moneygram thing was quick but another 50 dollars or so of fees. Once I got the bitcoins it cost 6 cents and about 10 minutes to transfer that money back to my offline wallet. Nice.
Over those two weeks I saw bitcoin go from 150 to 266, down to 50 and now back to 150. What a ride but here I am now, bitcoin owner and ready to take over the world!
Good on you on sticking with it. I believe you will be rewarded but time will tell I guess
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AlwaysNew
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Activity: 13
Merit: 0
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June 05, 2013, 07:54:45 PM |
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I remember back when bitcoins were like $15 each and I told myself to get some, but then thought that I would have no use for them anyway and decided against it. Not my greatest decision.
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mprep
Global Moderator
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Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
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June 05, 2013, 10:09:44 PM |
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I remember back when bitcoins were like $15 each and I told myself to get some, but then thought that I would have no use for them anyway and decided against it. Not my greatest decision.
Same here. Gone away from bitcoin for a while, returned and realised those 0.46 BTC I used to buy a video game was worth 10 times the money.
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Geocen
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Activity: 23
Merit: 0
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June 05, 2013, 10:51:05 PM |
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I see people selling them on eBay a lot but I've never tried buying or selling them there myself. At least they have the feedback system so it's a little easier to send your money first.
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