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Author Topic: How to Buy Your First Bitcoin  (Read 2075 times)
Amph
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October 15, 2015, 02:41:12 PM
 #21

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

but mining is not an act that can be done at home. even with cheep electricity, it still is going to produce a lot of noise and heat. besides you have to keep a system running for long hours which can be annoying.

maybe it is just me but i will never consider mining even if it gives me good ROI

basically you're saying that you don't want money, yet you are advertising with a sig, very funny

i'm saying that with cheap electricty and resale of your asic after 3 months, to cut the roi time, you can do pretty good with mining, in terms of profit

this is also a common strategy with cloud mining, no one wait until his HW reach roi, it's too risk
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October 15, 2015, 08:48:04 PM
 #22

Can buy Bitcoin using Paypal balance? Which site?

I found this site somewhere in this forum before https://wesellcrypto.com/ where you can buy bitcoin (and some altcoins) with your paypal balance, I never tried it though, Cheesy Feel free to check it out but make some research first about the site, and also check their customer's feedbacks Wink

The last I heard about them is that they are legit. Use on your own responsibility though! Also do your own research!
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October 17, 2015, 02:27:53 PM
 #23

Can buy Bitcoin using Paypal balance? Which site?

I found this site somewhere in this forum before https://wesellcrypto.com/ where you can buy bitcoin (and some altcoins) with your paypal balance, I never tried it though, Cheesy Feel free to check it out but make some research first about the site, and also check their customer's feedbacks Wink

The last I heard about them is that they are legit. Use on your own responsibility though! Also do your own research!

Better go with known and most recommended.
Do not risk your money while buying bitcoin with an unknown sellers. Now a days a lot of resources available for making easiest bitcoin buying. So, it's easier than counting numbers but must do in a safer way.
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October 17, 2015, 02:36:03 PM
 #24

Can buy Bitcoin using Paypal balance? Which site?

I found this site somewhere in this forum before https://wesellcrypto.com/ where you can buy bitcoin (and some altcoins) with your paypal balance, I never tried it though, Cheesy Feel free to check it out but make some research first about the site, and also check their customer's feedbacks Wink
I heard they dont send there coins.
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October 18, 2015, 05:51:22 AM
 #25

i remember when i bought my first bitcoin, i bought from a guy, i found him on our group making money online on skype, i used paypal, i was really need bitcoin for purchased some vps because the seller asked me to pays with bitcoin, but right now i can buy bitcoin easily on our local exchanger
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October 18, 2015, 11:21:14 AM
 #26

i bought my first bitcoins with localbitcoins.
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October 18, 2015, 11:43:58 AM
 #27

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Im never hear about free electricity, all country give high fee for miner, i think buy and hold bitcoin is better than mining at this time

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October 20, 2015, 06:03:19 AM
 #28

One of the questions I get asked all the time is How do I buy my first bitcoin.

I put together a comprehensive guide to buy bitcoin for people who want to buy their first bitcoins.

The step-by-step post covers:
  • Coinbase - the option most people want.
  • LocalBitcoins - if you NEED bitcoins today.
  • Buying bitcoin with a brokerage account (IRA, 401K, etc.)
  • BitWage - how to get a portion - or all - of your salary in bitcoin.
  • Exchanges - for bitcoin traders and experienced investors.
  • Why Bitcoin Mining is a bad way to get bitcoins.

If you are a beginner looking to buy bitcoin, let me know what you think.

--dave

It's a cool guide, but i dont know how newbie you are to the internet, you should never expose your e-mail like that, in your username.

There are tons of harvester robots lurking around the internet that harvest e-mail addresses from text, and will send you massive spam e-mails.

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October 20, 2015, 06:30:42 AM
 #29

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Im never hear about free electricity, all country give high fee for miner, i think buy and hold bitcoin is better than mining at this time

I heard somewhere on Saudi Arabia they have free electricity. Just quite not sure , maybe someone from Saudi Arabia or somewhere on UAE can confirm it Cheesy

I agree with your point buying and holding is quite better nowadays than mining, especially on places with high cost electricity.

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October 20, 2015, 08:08:19 AM
Last edit: October 20, 2015, 10:35:45 AM by Amph
 #30

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Im never hear about free electricity, all country give high fee for miner, i think buy and hold bitcoin is better than mining at this time

there is a simple difference, with mining you can increase your total sum of coins, when roi is achieved, with simply buying you can not, unless you do trading

but you say simply buying and holding so...
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October 20, 2015, 09:19:53 AM
 #31

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Im never hear about free electricity, all country give high fee for miner, i think buy and hold bitcoin is better than mining at this time

there is a simple difference, with mining you can increase yout total sum of coins, when roi is achieved, with simply buying you can not, unless you do trading

but you say simply buying and holding so...

Yes, but you forgot the other way around. With mining, you can also lose money/coins if difficulty, price, new asics come out. With just buying and holding you will always have the same amount.

I guess there is just risk associated, like with everything else.
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October 20, 2015, 10:36:45 AM
 #32

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Im never hear about free electricity, all country give high fee for miner, i think buy and hold bitcoin is better than mining at this time

there is a simple difference, with mining you can increase yout total sum of coins, when roi is achieved, with simply buying you can not, unless you do trading

but you say simply buying and holding so...

Yes, but you forgot the other way around. With mining, you can also lose money/coins if difficulty, price, new asics come out. With just buying and holding you will always have the same amount.

I guess there is just risk associated, like with everything else.

if you buy always the last efficient miners, it will eventually rich roi, maybe it will take more than excepted, but you have then a machine that you can sell and gain more bitcoin than your roi
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October 20, 2015, 02:29:59 PM
 #33

One of the questions I get asked all the time is How do I buy my first bitcoin.

I put together a comprehensive guide to buy bitcoin for people who want to buy their first bitcoins.

The step-by-step post covers:
  • Coinbase - the option most people want.
  • LocalBitcoins - if you NEED bitcoins today.
  • Buying bitcoin with a brokerage account (IRA, 401K, etc.)
  • BitWage - how to get a portion - or all - of your salary in bitcoin.
  • Exchanges - for bitcoin traders and experienced investors.
  • Why Bitcoin Mining is a bad way to get bitcoins.

If you are a beginner looking to buy bitcoin, let me know what you think.

--dave

All option may vary per country. For example Coinbase, it doesn't support buying bitcoin option in some of the country like in my country. One thing I can add is to joined some Facebook Group (yes, social media) in your country about Bitcoin Exchange where some of reputable person are there doing that selling bitcoins like the one we have in our country (although there are many ways now here to buy bitcoin). In that way you can interact to with others.

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October 20, 2015, 05:48:22 PM
 #34

buy? from my neighbour firstly he give me some btc, but i was play all on gambling and lost it
so i buy from him with cheap price.

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October 20, 2015, 06:05:26 PM
 #35

I usually buy some BTC on Bitonic.nl (Dutch website) and transfer it directly to BTC-e.com. BTC-e.com requires that you buy at least $2000 worth of bitcoins while Bitonic.nl actually doesn't have an online wallet available.
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October 21, 2015, 08:58:48 PM
 #36

Thank you for the very informative post. I've been looking to buy some bitcoins and this information points me in the right direction.
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October 21, 2015, 10:48:01 PM
 #37

buy? from my neighbour firstly he give me some btc, but i was play all on gambling and lost it
so i buy from him with cheap price.

The only problem with that is that most people around here don't have any people in their near vicinity who use bitcoins. Also, even if there was/were, I'm sure most neighbors wouldn't trust them enough to freely hand out bitcoins to.

What were you planning to do with those bitcoins anyways?
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October 22, 2015, 06:30:53 AM
 #38

Bought mine from coinbase
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