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Author Topic: why is it so hard to buy bitcoin  (Read 30153 times)
PizzaBTC
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September 06, 2017, 06:58:03 AM
 #541

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

it could be just for legality and identify who the owner of the bitcoin is because it is possible to avoid the criminality of this world, maybe like that
Though bitcoins give great freedom to users but using great technologies can track down bitcoin users. In a way, this good otherwise people will start using bitcoins for negative things like money laundering etc. Even the corrupt politicians can sue bitcoins to hide their corruption.
StarofBTC
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September 07, 2017, 02:50:25 PM
 #542

I don't think that buying bitcoin is hard because bitcoin is not that rare on its supply and we can still buy some bitcoins in the market and as long as there is an exchange like coinbase then there wouldn't be a problem in buying bitcoin because we only need to create an account in that wallet and buy bitcoin directly without a problem.
The point of the others is the price, why it is hard to decide to buy a bitcoin even the price is high. The problem is the capital, since bitcoin become popular it's price become high so others need a huge capital to buy a bitcoin.

Your right that it will buy in some exchanger. First of all you can't buy a bitcoin if you have no local currency or dollar and how you make it? Some user put a local currency in their own wallet then buy the bitcoin. It is also a problem because some user like in the province has no chance to buy in store like 7/11.

Ya I think Price place a major role in buying the bitcoin. If you are going to brought the bitcoin means you have to some fees for the Miners.For example, if you spend the dollar to brought 0.1 bitcoin means,you only get 0.08 at your wallet. I.e the cost for the transaction of dollars or any currency to Bitcoin.
No doubt the price of bitcoins gives Goosebumps at first sight but that times are changing now if you know what I mean. The bitcoins and all other crypto currencies are going through dip now and that gives some relaxation in buying them so now is the right time to invest.
! This is the right time to grab bitcoins when they are showing some dumped in the price. Weekends in my opinion are the best time to grab bitcoins when they dump in prices. Besides the crypto currencies are the latest trends of the world and we must try to invest into them for safe future.
notyours
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September 07, 2017, 04:10:50 PM
 #543

First of all it's hard to earn bitcoins today. Each piece is important when comparing it with gold today so people are careful about holding their bitcoins. But there are other possible bitcoins for exchangers. here's why we can just buy bitcoins and it's easy to withdraw one click you just transfer it to your bank account. So do not worry about the sellers' demands as they are also taking care. I have no other meaning here
fasdorcas
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September 09, 2017, 09:02:51 AM
 #544

I don't think that buying bitcoin is hard because bitcoin is not that rare on its supply and we can still buy some bitcoins in the market and as long as there is an exchange like coinbase then there wouldn't be a problem in buying bitcoin because we only need to create an account in that wallet and buy bitcoin directly without a problem.
The point of the others is the price, why it is hard to decide to buy a bitcoin even the price is high. The problem is the capital, since bitcoin become popular it's price become high so others need a huge capital to buy a bitcoin.

Your right that it will buy in some exchanger. First of all you can't buy a bitcoin if you have no local currency or dollar and how you make it? Some user put a local currency in their own wallet then buy the bitcoin. It is also a problem because some user like in the province has no chance to buy in store like 7/11.

Ya I think Price place a major role in buying the bitcoin. If you are going to brought the bitcoin means you have to some fees for the Miners.For example, if you spend the dollar to brought 0.1 bitcoin means,you only get 0.08 at your wallet. I.e the cost for the transaction of dollars or any currency to Bitcoin.
No doubt the price of bitcoins gives Goosebumps at first sight but that times are changing now if you know what I mean. The bitcoins and all other crypto currencies are going through dip now and that gives some relaxation in buying them so now is the right time to invest.
! This is the right time to grab bitcoins when they are showing some dumped in the price. Weekends in my opinion are the best time to grab bitcoins when they dump in prices. Besides the crypto currencies are the latest trends of the world and we must try to invest into them for safe future.
It is hard for some people to buy a bit coin because they are not well aware of it. They don’t know about crypto currencies much and how they all work in the digital world. What they can do is to get familiarization with these currencies and start investing in little capitals and then trading them.
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September 10, 2017, 01:27:27 AM
 #545

Im able to buy bitcoin anytime without need to expose myself over exchanges, and follow their rules, mine problem isnt at all buy but try to buy 1 full bitcoin, since price is going up very fast nowadays. Before we had restricted to exchanges transactions, nowadays we can get bitcoin at several places even there is already atm selling bitcoin.
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September 10, 2017, 11:17:01 AM
 #546

Because if its easy to buy bitcoin then people would love to buy bitcoin with their black money make it white.
In India if want to buy bitcoin then we need to verify bank account , Passport and Permanent account number (PAN) card, Then they will open account to buy bitcoin online.

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September 10, 2017, 11:23:52 AM
 #547

Because if its easy to buy bitcoin then people would love to buy bitcoin with their black money make it white.
In India if want to buy bitcoin then we need to verify bank account , Passport and Permanent account number (PAN) card, Then they will open account to buy bitcoin online.
That is true i was in India last year and i bought some bitcoin through there i needed to verify my bank account , Passport then pan then they gave me the password and i opened my account with that and i successfully got my bitcoins in India that is in Asia.
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September 11, 2017, 01:38:56 AM
 #548

What kind of payment strategy are you striving to use? I never ever had any problems making use of banks deposits or experience to face trade, if you are striving to buy bitcoin with paypal be ready to confront lots of troubles and terrible charges, there are tons of scammers and people want to safeguard by themselves.
marcbitcoins
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September 11, 2017, 02:04:13 AM
 #549

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

Here in Philippines it is not that hard to purchase a bitcoin as long as you have money. We are using the apps coins.ph then we could buy bitcoin instantly but fees is much higher than other wallet but anyway we will have our bitcoin instantly. So the site is safe but quit expensive.
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September 11, 2017, 02:06:25 AM
 #550

Buying bitcoin was difficult in early days but today any one can buy bitcoin and that too with cash also. I think you have logged in your localbitcoins account after a long break and thus they asked you to verify your identity.
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September 13, 2017, 01:50:30 PM
 #551

Each location have their own bitcoin store the various is every time they permit bitcoin transaction on your country.For case in point : some place forbid bitcoin usage or even against lawLuckily I have my very own regional bitcoin which enable me to convert bitcoin into fiat in haste
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September 13, 2017, 03:46:25 PM
 #552

Because if its easy to buy bitcoin then people would love to buy bitcoin with their black money make it white.
In India if want to buy bitcoin then we need to verify bank account , Passport and Permanent account number (PAN) card, Then they will open account to buy bitcoin online.
Most of the people I told about Bitcoin don’t really get into it because they lose interest when they hear the price. So, I stopped telling people the price of Bitcoin. When they ask me, I just say “bitcoin is a good source of income, but got to research that yourself and know whether you will be interested or not” it’s all left for them.

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Aztek
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September 13, 2017, 04:32:23 PM
 #553

Why you don't use a normal exchange?

You just need to confirm you ID one time and that's it, isn't so hard to buy bitcoins...
There is a lot of option for people to buy bitcoin nowadays. Becasue there is a lot of exchanger that can offer bitcoin . Yet the point is the price of bitcoin now is to hing and people could not afford buying bitcoin in this state. So for me the nest thing to is to just find a way that you could actually earn bitcoin si that you have anytime that you do not need to buy bitcoin. You will just need to work hard for you to earn it.
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September 13, 2017, 06:42:11 PM
 #554

Each location have their own bitcoin store the various is every time they permit bitcoin transaction on your country.For case in point : some place forbid bitcoin usage or even against lawLuckily I have my very own regional bitcoin which enable me to convert bitcoin into fiat in haste
I think that even if we live in a place where bitcoin is banned, buying bitcoin would still very easy due to many reason. First of all, bitcoin is dencentralized which is based on the blockchain net work. Therefore, no one will know that you are holding bitcoin unless you tell them about that. You can use paypal or credit cards to buy bitcoin from many online foreign merchants without any problems
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September 13, 2017, 08:04:43 PM
 #555

I don't think that it's really hard to buy the bitcoin but there are some terms or rule and regulation to buy the bitcoin as show some I'd proof that you are not a fake person and have some knowledge about bitcoin how to buy it.

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September 13, 2017, 09:22:36 PM
 #556

For me, there is no difficulty in buying bitcoin. Now it has become very easy thanks to a lot of exchange sites. You can buy coins for a few seconds

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September 13, 2017, 11:59:13 PM
 #557

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!
I agree to the visual representation you set. Becasue like bitcoin there is a lot of other crypto-currency out there in the market and there is also a allotted stock and value in the market that peoole could technically buy bitcoin for. Yet if you don't have enough money to o buy it might be hard for you to buy bitcoin. So the best thing to consider is to fund ways for you earn.

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September 14, 2017, 12:34:38 AM
 #558

For me, there is no difficulty in buying bitcoin. Now it has become very easy thanks to a lot of exchange sites. You can buy coins for a few seconds

Buying from exchange sites is not a big deal if you have money but its for those who don't have enough money to buy as the price of bitcoin is getting higher and higher and not all can afford to buy bitcoins at this price so people who cannot buy it can always earn it in different ways.

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September 14, 2017, 01:27:18 AM
 #559

In my Experience i am not having a hard time Buying Bitcoin, In 7 eleven store they are selling Bitcoin, Once i buy from them i will be able to get  the Bitcoin in my Coins.ph. Coins.ph is a web wallet that accept Bitcoin and can easily convert to PHP or you can send the Bitcoin directly to your bank.
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September 14, 2017, 01:56:03 AM
 #560

bitcoin market exchanges in some countries require kyc for their membership. Do not make this a problem because there are many other markets that are anonymous and decentralized, currently buying bitcoins is very easy and less than half an hour of confirmation, no problem for me because buy bitcoin can also be through trusted friends or indie market, many ways to facilitate bitcoin transactions.
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