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Author Topic: why is it so hard to buy bitcoin  (Read 30153 times)
Xenophoto
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May 29, 2017, 06:52:59 AM
 #401

Here in our country the local bitcoin supplier has higher price compare to the global price of the bitcoin and their gap between the buy and sell price is extremely so high so the buying of the bitcoin is not fair with the people and their explanation about that is the demand and supply so basically the buying of the bitcoin in our country is very unfair and hard to buy bitcoin with the current price.

But does that make it hard to buy bitcoins? Not at all. It just seems unfair but know this, even other exchangers or trading sites have different prices. Some think that they can take advantage of this by buying bitcoins where it's currently cheap and then selling them in an exchanger where it's expensive. The thing is, you can't because of the transaction time.

As long as you have the facilities to buy bitcoins, the rate of bitcoin in exchange to fiat in your local exchanger doesn't make it any harder for you to buy bitcoins at all.

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May 29, 2017, 07:29:16 AM
 #402

Tbh it's not that hard to buy btc, just the ID verification on exchanges gets overwhelmed sometimes when lots of new people are trying to sign up at once because btc is flying. But the process is similar for lots of things. If you want to sign up for a bank account or share trading account you'll need to prove your identity to satisfy the laws and regulations.
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May 29, 2017, 07:30:39 AM
 #403

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.
It's not the main factor to make those are feeling difficult to buy bitcoin but looks the exchange sites have putted the strict rules to his buyers I mean about the improvement of KYC and AML.

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May 29, 2017, 07:43:41 AM
 #404

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.

Even if the price of bitcoin is already high but it does not mean that it is hard to buy bitcoin. If you are low on cash then just buy what your money can afford sooner or later the value of the bitcoin you bought will also increase in value. If you failed to buy now then you will miss this opportunity to profit at this point of time. Bitcoin is not hard to buy if you are willing to buy it.
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May 29, 2017, 07:44:24 AM
 #405

Because bitcoin will already converted into cash. No need to sell for you to have cash you only need to keep holding it then convert it when you know that it reach the best price you want.
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May 29, 2017, 07:53:38 AM
 #406

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.

Even if the price of bitcoin is already high but it does not mean that it is hard to buy bitcoin. If you are low on cash then just buy what your money can afford sooner or later the value of the bitcoin you bought will also increase in value. If you failed to buy now then you will miss this opportunity to profit at this point of time. Bitcoin is not hard to buy if you are willing to buy it.

Its pretty hard to buy if your budget is limited not all people can afford to buy those price listed on exchange and thats why theirs so many people are relying on free incomes genared ways like he listed on top. Then how could they failed if they can't afford to do so? Maybe staking their income on signature payments will be good since we can earn some profits if the priced of bitcoin will rise up for more.
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May 29, 2017, 10:45:09 AM
 #407

The buying of bitcoins is is actually very easy except maybe you are finding it hard to get a very good price top buy from. No one is currently hoarding bitcoins at the moment.

 
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May 29, 2017, 10:48:34 AM
 #408

The buying of bitcoins is is actually very easy except maybe you are finding it hard to get a very good price top buy from. No one is currently hoarding bitcoins at the moment.
Yes, you are doing it wrong, it is super easy to buy from Coinbase and Circle.
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May 29, 2017, 11:00:29 AM
 #409

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.

Even if the price of bitcoin is already high but it does not mean that it is hard to buy bitcoin. If you are low on cash then just buy what your money can afford sooner or later the value of the bitcoin you bought will also increase in value. If you failed to buy now then you will miss this opportunity to profit at this point of time. Bitcoin is not hard to buy if you are willing to buy it.

Its pretty hard to buy if your budget is limited not all people can afford to buy those price listed on exchange and thats why theirs so many people are relying on free incomes genared ways like he listed on top. Then how could they failed if they can't afford to do so? Maybe staking their income on signature payments will be good since we can earn some profits if the priced of bitcoin will rise up for more.

Some it is the price but i would rather base it on the pump and dump events. It is quite easy to buy coins as long as offcourse you have a budget but profiting from it is whats more important. Knowing which coin to buy and when to buy it is what's more important. Btc at its current price is really expensive but you can always buy bits of it just for safe investment. We can not always rely on buying just btc but we rather we also need to support ICO's of there tokens or coins.
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May 29, 2017, 11:09:29 AM
 #410

The buying of bitcoins is is actually very easy except maybe you are finding it hard to get a very good price top buy from. No one is currently hoarding bitcoins at the moment.
Yes, you are doing it wrong, it is super easy to buy from Coinbase and Circle.
Locabitcoins is one of the famous place to buy bitcoin from other users but the rules or requirement do really made changed my mind on buying because they are too strict which you would really need to expose off your identity to someone which i really dont like and as you said there are still some places which is much more faster and hassle-free when it comes on buying bitcoins.

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May 29, 2017, 11:20:49 AM
 #411

The buying of bitcoins is is actually very easy except maybe you are finding it hard to get a very good price top buy from. No one is currently hoarding bitcoins at the moment.
Yes, you are doing it wrong, it is super easy to buy from Coinbase and Circle.
Locabitcoins is one of the famous place to buy bitcoin from other users but the rules or requirement do really made changed my mind on buying because they are too strict which you would really need to expose off your identity to someone which i really dont like and as you said there are still some places which is much more faster and hassle-free when it comes on buying bitcoins.
Not only that, the price also higher than usual and because of that fact, I do not like to buy bitcoin in this platform. I rather use my credit card to purchase bitcoin from some online service





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May 29, 2017, 11:21:39 AM
 #412

The buying of bitcoins is is actually very easy except maybe you are finding it hard to get a very good price top buy from. No one is currently hoarding bitcoins at the moment.
Yes, you are doing it wrong, it is super easy to buy from Coinbase and Circle.
Locabitcoins is one of the famous place to buy bitcoin from other users but the rules or requirement do really made changed my mind on buying because they are too strict which you would really need to expose off your identity to someone which i really dont like and as you said there are still some places which is much more faster and hassle-free when it comes on buying bitcoins.
Localbitcoins doesn't seems to be that worse for buying bitcoin. Depending on the trader you need to reveal your identity while buying bitcoin. Some traders doesn't expect a identification verification process. So depending on your requirement you can select the trader with whom you expect to make a buying.
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May 29, 2017, 12:33:13 PM
 #413

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.
in fact it is now becoming hard for those people who are trading bitcoin for the first time, and specially for the middle class people who cannot afford to buy such a good quantity of bitcoin, i think they will now start trading in satoshi. as most of the people are now doing online shopping in satoshi. because to trade or do shopping with full bitcoin is not mean to invest much more money.
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May 29, 2017, 02:52:44 PM
 #414

LBC traders are strict, correct. However they need to, with the amount of fraud they are liable too, confirming customers is a must if you use certain payment methods, HOWEVER it's just regarding the payment method.
My guess is that you tried to purchase with CC or PayPal which is the least liked among LBC's vendors. if you use Cash in mail, ACH, WU and few other GC's or even face-to-face you wouldn't need any verification "aside from the recipe" and even the fees would be much lower.
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May 29, 2017, 08:39:39 PM
 #415

It was hard to buy Bitcoin due to high price of Bitcoin in the market, some small people can't afford the amount of Bitcoin. However, they try to have an income by using of signature campaign and other sources. Because they cannot buy Bitcoin due to unbalanced value of it in the market.

Even if the price of bitcoin is already high but it does not mean that it is hard to buy bitcoin. If you are low on cash then just buy what your money can afford sooner or later the value of the bitcoin you bought will also increase in value. If you failed to buy now then you will miss this opportunity to profit at this point of time. Bitcoin is not hard to buy if you are willing to buy it.
yes that is very right to say, a person can even buy bitcoin satoshi, if he cannot afford buying bitcoin. the price of bitcoin is increasing continuously, and so people have now start buying in satosh. as most of the people cannot afford to buy bitcoin, to me i personally trading altcoin in satoshi that is what i  can only afford.
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May 30, 2017, 03:20:53 AM
 #416

I think it is hard to purchase bitcoin in light of the fact that many individuals are not yet mindful of it. They don't recognize what is it and the employments of it. So it is troublesome additionally to change over it into fiat. I trust soon many individuals will know about it so utilizing bitcoin will be more helpful for us.
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May 30, 2017, 05:12:54 AM
 #417

fiat cash have decides that we need to agree, same runs with the trades. So they require this prerequisites all together for our fiat cash to be handled. They couldn't care less much about bitcoin however I ponder the fiat money development and who utilizes them. Purchasing of BTC is simple the length of you don't have issue with filling the information required by the site. What's more it is just a single time then the following exchanges will be a simple.
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May 30, 2017, 05:54:26 AM
 #418

I think it is hard to purchase bitcoin in light of the fact that many individuals are not yet mindful of it. They don't recognize what is it and the employments of it. So it is troublesome additionally to change over it into fiat. I trust soon many individuals will know about it so utilizing bitcoin will be more helpful for us.
Bitcoin can easily purchased on exchanges like poloniex and bittrex. but lack of knowledge to bitcoin is not a valid reason to tell us that it is hard to buy bitcoin where in fact theres a lot of exchanges that you can buy bitcoin. you can buy it by the use of fiat money or some other altcoins.
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May 30, 2017, 06:27:53 AM
 #419

I think it is hard to purchase bitcoin in light of the fact that many individuals are not yet mindful of it. They don't recognize what is it and the employments of it. So it is troublesome additionally to change over it into fiat. I trust soon many individuals will know about it so utilizing bitcoin will be more helpful for us.
Bitcoin can easily purchased on exchanges like poloniex and bittrex. but lack of knowledge to bitcoin is not a valid reason to tell us that it is hard to buy bitcoin where in fact theres a lot of exchanges that you can buy bitcoin. you can buy it by the use of fiat money or some other altcoins.
I think there are some places or country that honestly its hard to buy bitcoins base in my research before.. because bitcoin in their country are prohibited..
unlike here in my country that you can buy bitcoin instantly using our local exchange site here or look at india they have also zebpay where they can buy bitcoin or sell their bitcoin..
So i think only selected country has able to buy bitcoin not all countries..
kintuull
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May 30, 2017, 06:48:31 AM
 #420

In the event that you need to purchase bitcoin from a trade or from an enlisted firm, you should record in your KYC archives and sit tight for 4 to 5 days to exchange reserve to purchase bitcoin. Be that as it may, in the event that you can utilize destinations, for example, localbitcoins then, I figure you could purchase much quicker. Or, on the other hand you can purchase from a people up close and personal or utilizing escrow from bitcointalk site itself. Make certain not to get defrauded.
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