EMIYA (OP)
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November 25, 2013, 06:00:22 AM |
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So... I don't really have that much Bitcoins right now since I make bitcoins via "free" bitcoin sites. I heard that you can cash out bitcoins and turn them into real cash though... So how does that work? I'm planning to hold onto my bitcoins once I reach 1 full BTC (which in all honestly is going to talk a while), but I should know how to cash it in just in case Bitcoins crashes.
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odolvlobo
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November 25, 2013, 06:23:01 AM |
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So... I don't really have that much Bitcoins right now since I make bitcoins via "free" bitcoin sites. I heard that you can cash out bitcoins and turn them into real cash though... So how does that work? I'm planning to hold onto my bitcoins once I reach 1 full BTC (which in all honestly is going to talk a while), but I should know how to cash it in just in case Bitcoins crashes.
You can buy and sell bitcoins on exchanges and through LocalBitcoins.com. If you are in the U.S., you can also buy and sell through Coinbase. |
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wc4482
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November 25, 2013, 06:35:56 AM |
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So... I don't really have that much Bitcoins right now since I make bitcoins via "free" bitcoin sites. I heard that you can cash out bitcoins and turn them into real cash though... So how does that work? I'm planning to hold onto my bitcoins once I reach 1 full BTC (which in all honestly is going to talk a while), but I should know how to cash it in just in case Bitcoins crashes.
There are many Bitcoin exchanges that will let you exchange bitcoins for your local currency. Depends on what country you are from. http://bitcoin.it/wiki/Category:ExchangesAlso, you may want to reconsider using the bitcoin fountains in lieu of getting a part time job and purchasing bitcoins. Heck, even if you are just mowing the lawn for the neighbors, it will take you significantly less time. The bitcoin faucets I went on took about 4 hours of my time to get $0.01 USD worth of bitcoin. Time is of the essence! |
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beetcoin
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November 25, 2013, 06:47:44 AM |
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consider buying a gift card at gyft.com. you get 3% cashback and it's pretty hassle-free.
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BitOfPoker
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November 25, 2013, 06:48:51 AM |
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If you are just getting some btc to say you did, faucets are ok... but if you are looking at btc as an investment, or are serious about using btc for purchases, just buy from an exchange.
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EMIYA (OP)
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November 25, 2013, 08:05:34 AM |
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I quit using faucets once I realize the horrible payout... Now I go to bitcoinget and other similar sites to get bitcoins, though with the whole increasing bitcoin prices, its payout is getting lower.
Looks like the best bet is to buy bitcoins. Alright, thanks for the reply guys! Though I think I'll wait out on a bit till bitcoins price decrease. $700+ is too much for a whole bitcoin.
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DannyHamilton
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November 25, 2013, 06:18:49 PM |
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I quit using faucets once I realize the horrible payout... Now I go to bitcoinget and other similar sites to get bitcoins, though with the whole increasing bitcoin prices, its payout is getting lower.
Looks like the best bet is to buy bitcoins. Alright, thanks for the reply guys! Though I think I'll wait out on a bit till bitcoins price decrease. $700+ is too much for a whole bitcoin.
If a whole bitcoin is too mcuh, then buy a half of a bitcoin? If half a bitcoin is too much, then buy a tenth of a bitcoin? If a tenth is too much then buy a hundredth of a bitcoin? It is possible that the exchange rate could crash and you could get bitcoins cheaper, but it is also possible that you'll never again see bitcoins below $500 and a few years from now you'll be looking at prices of $70,000 per bitcoin and wishing you had bought a tenth of a bitcoin when you could get it for $70. |
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wc4482
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November 26, 2013, 03:33:38 AM |
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I quit using faucets once I realize the horrible payout... Now I go to bitcoinget and other similar sites to get bitcoins, though with the whole increasing bitcoin prices, its payout is getting lower.
Looks like the best bet is to buy bitcoins. Alright, thanks for the reply guys! Though I think I'll wait out on a bit till bitcoins price decrease. $700+ is too much for a whole bitcoin.
If a whole bitcoin is too mcuh, then buy a half of a bitcoin? If half a bitcoin is too much, then buy a tenth of a bitcoin? If a tenth is too much then buy a hundredth of a bitcoin? It is possible that the exchange rate could crash and you could get bitcoins cheaper, but it is also possible that you'll never again see bitcoins below $500 and a few years from now you'll be looking at prices of $70,000 per bitcoin and wishing you had bought a tenth of a bitcoin when you could get it for $70. I'm totally stealing this retort to use when I'm evangelizing my co-workers. |
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dominicwin
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November 26, 2013, 05:15:19 AM |
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Buy whatever you can with what you have. What you earn for free off sites will never amount to much even if bitcoin increases 10, 20, 50 folds during that time.
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nubbins7
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November 26, 2013, 05:44:29 AM |
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If you have been on pay to click sites before you may want to try out
some bitcoin ptc sites and if your good at getting referrals that's a plus.
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EMIYA (OP)
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Activity: 7
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November 27, 2013, 03:31:42 AM |
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I quit using faucets once I realize the horrible payout... Now I go to bitcoinget and other similar sites to get bitcoins, though with the whole increasing bitcoin prices, its payout is getting lower.
Looks like the best bet is to buy bitcoins. Alright, thanks for the reply guys! Though I think I'll wait out on a bit till bitcoins price decrease. $700+ is too much for a whole bitcoin.
If a whole bitcoin is too mcuh, then buy a half of a bitcoin? If half a bitcoin is too much, then buy a tenth of a bitcoin? If a tenth is too much then buy a hundredth of a bitcoin? It is possible that the exchange rate could crash and you could get bitcoins cheaper, but it is also possible that you'll never again see bitcoins below $500 and a few years from now you'll be looking at prices of $70,000 per bitcoin and wishing you had bought a tenth of a bitcoin when you could get it for $70. Your reply made me think deep, man. I've been looking news over bitcoins and all I see is are the rising prices. I think I'll just save up to a substantial amount and get some bitcoins asap... Who says it have to be whole? |
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DannyHamilton
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November 27, 2013, 12:09:32 PM |
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Your reply made me think deep, man.
I've been looking news over bitcoins and all I see is are the rising prices. I think I'll just save up to a substantial amount and get some bitcoins asap... Who says it have to be whole?
I've never understood when people state that if they can't afford a whole bitcoin, then they don't want any at all. One bitcoin is actually 100,000,000 satoshi. Isn't that like saying, "If I can't afford to have $100,000,00, then I don't want any U.S. dollars at all."  |
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