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Author Topic: Not buying bitcoin  (Read 766 times)
JonathanHiggins
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June 13, 2011, 08:18:08 AM
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I have come to the conclusion that bitcoin is problematic on many levels, which include buying them, selling them, trading them and storing them, this is before even concluding they are either in a bubble or in a major correction.

Therefore i will not be participating in this, best of luck to those who have/will invest and have made good coin so far.
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ovoskeuiks
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June 13, 2011, 08:23:51 AM
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Care to elaborate on any of the problems you have had?
I'm sure there are people interested in making bitcoin more accessible
Morna
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June 13, 2011, 10:24:55 AM
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I have come to the conclusion that bitcoin is problematic on many levels, which include buying them, selling them, trading them and storing them, this is before even concluding they are either in a bubble or in a major correction.

Therefore i will not be participating in this, best of luck to those who have/will invest and have made good coin so far.

Well, it's not for the faint of heart, takes some dedication, knowledge and interest and a nice healthy budget to lose... but yeah, we are nowhere near making it easily accessible yet.

However specifying your problems might make us help and solve your issues and questions.  Wink
sunyag
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June 14, 2011, 02:37:40 AM
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I would advise a lot of caution for anyone speculating right now. However, participating in the new Bitcoin economy can be done in other ways. This board presents a myriad of them.
tokn
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June 14, 2011, 02:45:48 AM
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Bitcoin is still in its infancy, and yes there are stuff that could be worked out to make it more mom/pop friendly, but if the pioneers keep using/mining/buying/selling I'm confident it'll evolve into something more.

All it takes is someone with a good idea on how to do something a little better and it'll be that much closer to being adopted...
kwhcoin
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June 14, 2011, 03:32:00 AM
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I'm not buying any right now either, but I do find the concept fascinating and think the bitcoin concept can have a huge impact.
samlander
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June 14, 2011, 03:36:12 AM
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Should you be unwilling or unable to purchase mining hardware to make it economical, I would still encourage you to try mining if you're not into buying bit coins.  My employer has been gracious enough to allow me to mine on my workstation, thereby swallowing my electricity costs, and I have sprung for a reasonable card to mine with..  I am now mining at a rate of 1.5 / day, and am quite happy that i partook in this system.

Agreed that selling can be a hassle and is wrought with some risk, however, should you change your mind... hop onto dalnet and join #bitcoin-help and I will be more than willing to offer and advice that you may need.

Sam
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
#bitcoin-help on dalent

I'm Mining on deepbit at 1040 Mh/s
royalmage
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June 14, 2011, 03:41:04 AM
 #8

Bitcoin is just like everything else out there. It takes money to make money. However to your point that they are difficult to trade I must strongly disagree. It takes more time for me to trade any kind of stock or mutual fund than it does for me to trade bitcoins. Also the markets tend to move alot more on a day to day basis, as well as you dont have to continually keep track of your transactions within Mt Gox, only your cash that comes out. All in all its a very easy system to use.
Stardust
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June 14, 2011, 08:27:18 AM
 #9

I have come to the conclusion that bitcoin is problematic on many levels, which include buying them, selling them, trading them and storing them, this is before even concluding they are either in a bubble or in a major correction.

Therefore i will not be participating in this, best of luck to those who have/will invest and have made good coin so far.

Your loss.
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