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Author Topic: Are you buying bitcoins? Why?  (Read 307335 times)
orphencali
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February 04, 2018, 12:21:16 PM
 #4821

I'm planning to buy bitcoin soon.
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Niagrej
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February 04, 2018, 12:46:50 PM
 #4822

No. First of i dont have enough spare money to by it, and the second is that for now ots unstable. Theoretically it is a lowest point of bitcoin, buuut i’m not sure. If i would have tens of thousands dollars i would consider it for sure but now it not worth the risk. 
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February 04, 2018, 01:44:33 PM
 #4823

I bought $ 17,000 a month ago. Now I'm down to $ 9,000. I have had great damage.  Angry Angry
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February 04, 2018, 05:46:53 PM
 #4824

I am not buying bitcoins nowadays because wating for price decreasing. When it hits 5k i think i would buy some.
nugoph3
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February 04, 2018, 05:55:59 PM
 #4825

Share with us what's your main reason for buying bitcoins?
sure, buy to hoard
hilmarx
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February 04, 2018, 07:10:53 PM
 #4826

Yes, just started buying them again as the price is "fair".
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February 05, 2018, 12:57:56 AM
 #4827

Yes, these days are really good days to buy BTC Wink
Chuksbrownj
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February 05, 2018, 12:59:06 AM
 #4828

Yes because its the right time to buy for me
Wahanna
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February 05, 2018, 06:13:35 AM
 #4829

Yes, you can earn profits
Celine Ariola
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February 05, 2018, 07:16:53 AM
 #4830

I wanted to buy bitcoin but not now. Its value will decrease in the future for sure, and when that happens, that's when I'll buy one.
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February 08, 2018, 03:36:25 PM
 #4831

good time to buy, but have no money!!

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sunny354
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February 08, 2018, 04:43:18 PM
 #4832

yes i buy bitcoin.because  i got good profit from bitcoin.
IsabelCornd
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February 08, 2018, 05:19:56 PM
 #4833

Nowadays not but wating for comfortable price to buy some bitcoins
Anthony24
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February 09, 2018, 01:24:51 AM
 #4834

II bought bitcoin because. I want to rich the end of 2018.
Then I want to help the poor man to profits of bitcoin.
I think bitcoin coin going on the moon at end of 2018.
meidut
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February 09, 2018, 03:31:02 AM
 #4835

Well for me when i buy bitcoins i just hold it and wait for the price increase or use it to buy stuffs online or use it as payment in service...
And i think this is the reason why people bought some of bitcoins..
bitcoin27
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February 09, 2018, 05:40:32 AM
 #4836

yes i buy bitcoin because i want to try to became a trader... i'll but a bitcoin in the low price and sell it to high price so that I earn some profit  with it... and ill so buy a bitcoin to pay some fee ^_^
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February 12, 2018, 03:49:35 PM
 #4837

I am not buying bitcoin beucase i prefer to invest in altcoins, but if it will be intresting, so I will.
Punjabi
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February 12, 2018, 04:33:11 PM
 #4838

Should you invest in Bitcoin?

Sure, it is wise to invest in BTC right now than it was months ago. But you have to remember one simple rule. “Buy Low Sell High” , If you want to make profit then buy and forget. Reason people fails to get the most out of their BTC investment that they are scared and if price drops they sell all of their BitCoin.

You will need to have a lot of patience and wait for price rising. It is more likely to happen in February - March 2018.

If you buy Bitcoin just now then you can make it double in the next three months if the current trend stays. Some experts predicted it will be double within Februrary.

Also, remember, only invest the amount you can afford to loose.

Bitcoin is to stay for a long time and if you don’t know about it’s technology then should learn a thing or two about blockchain and how it works.

Now, from where you should buy bitcoin?

I see there is much confusion about Bitcoin buying procedures, so I’ll try to systematize the information for you.

Thanks to the growing number of Bitcoin exchanges and wallet services, Bitcoin buying has become easy even for beginners. Just follow these two easy steps:

First Step - Get a Bitcoin Wallet


Source: 4 Easy ways to BUY Bitcoin 2018 Guide

Now, this should be your very first initiative. If you don’t have a Bitcoin wallet, you cannot hold this cryptocurrency in any way.

Since Bitcoin is a virtual currency, obviously the Bitcoin wallet is a digital concept. It helps you securely store the Bitcoin addresses and private keys.

There are more types of Bitcoin wallets:

Hardware - it’s basically a physical device where you can keep your coins offline.

Online Wallet - this wallet is accessed through a browser. The service providing online wallet solutions operates with cloud solutions, which means it’s less secure but more convenient.
Software - you have to download and install an app to operate with this wallet type.
Paper wallet – this wallet type resembles a card that has the Bitcoin keys printed on it. The advantage is that no hacker can find entry to your keys.
A hardware wallet would be the best solution in terms of security. However, you should spend some money for the device. For example, Nano Ledger S, one of the best hardware wallet products, costs around $60.

If you don’t want to spend money, feel free to register an online wallet service like Coinbase

When you register a wallet, you’ll get a big code made of 30–34 letters and numbers. Well, this is your Bitcoin Address - you should share it as prerequisite whenever you want to buy/request new Bitcoins. It is like the 16 figure code on the credit card.

The code can look like this: 20sSdGbSjGtxMbqOPoEtoXN7eXydaN1JMM

The code can have a QR format which is used especially for Bitcoin ATMs. Check my Bitcoin Address with QR code on Blockchain. info (you can use any other wallet - it’s only an example):


Second Step - Buying Bitcoin

Now that you have a Bitcoin Wallet, it’s time for Bitcoin buying!

Ok - we have the Bitcoin address, so where to buy Bitcoin? It’s easy - there are Bitcoin exchanges and brokers that can convert your fiat money to Bitcoin and other cryptocoins.

Some examples of online Bitcoin exchanges are Coinbase (note that Coinbase is a full-service cryptocurrency broker, providing wallet and exchange solutions; However, I recommend you to move your Bitcoin after buying with them - there were some complaints about it), Kraken, Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO, Bitstamp, CoinMama, etc. There are many of them - do your homework to review these and choose the suitable one.

Check this comparison table


No matter what service you choose, the process is always easy:

First, you should register an account and deposit fiat money (USD, euro, etc.). Most of the exchanges operate with wire transfers, but many of them accept cred/debit card as well.
Find the “Buy Bitcoin” section and just follow the steps. At some point, you’ll share the Bitcoin address of your wallet.

That’s it! Now you know one of the methods to buy Bitcoin. I said one of the methods because you can also consider Peer-to-Peer (P2P) exchanges or Bitcoin ATMs.

P2P Exchanges

P2P marketplaces are platforms that connect Bitcoin buyers with sellers, which means you can buy from individuals like you.

One of the most popular platforms of this kind is Localbitcoins

Sellers post ads, and you can choose one of them at your will. Make sure you don’t get scammed despite the escrow solutions provided!


Bitcoin ATMs

Bitcoin ATMs are very popular in the US, Canada, some European countries, Australia, and more regions worldwide.

You can check Coin ATM Radar to locate these machines on the map COINATMRADAR (Google it)


A Bitcoin ATM can look like this:


With Bitcoin ATMs, you can easily buy Bitcoin by inserting fiat money into the machine. Just move your smartphone with the QR code on the ATM scanner, insert your money, and buy the desired amount of Bitcoin.

PS: Most of the online exchanges require ID verification procedures - so be ready for that!

Hope this helps!
Jitra
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February 21, 2018, 05:17:00 AM
 #4839

With all the FUDs and threat of governmental regulations in addition to the current climate of bitcoins, I'm rethinking my strategy to purchasing and owning bitcoins.  They are too volatile right now and I'm no so sure if I should hold them as a long term investment.

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HarimauMalaysia
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March 12, 2018, 03:43:07 AM
 #4840

I have bought bitcoins but now the prices are down my money's gone too so I cannot buy anumore
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