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Author Topic: Why should I buy bitcoin?  (Read 1379 times)
rc-cola (OP)
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November 07, 2013, 04:37:38 AM
 #1

Hey guys,
Can someone convince me why I should buy some bitcoin? I am considering buying 40 bucks worth. Why should I invest? Where should I invest? Any tips are appreciated, seeing as I am very new to bitcoin.
Thanks!
Ann Hashaway
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November 07, 2013, 04:54:57 AM
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Hey guys,
Can someone convince me why I should buy some bitcoin? I am considering buying 40 bucks worth. Why should I invest? Where should I invest? Any tips are appreciated, seeing as I am very new to bitcoin.
Thanks!

If bitcoin flops, you out 40 bucks.

If bitcoin succeeds, you will have the equivalent of 10s of thousands of dollars or more.

If your in the US, open up a coin base account and buy it there. Easy for newbies.
odolvlobo
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November 07, 2013, 05:07:45 AM
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Buying bitcoins is a way to introduce yourself to the payment system and its potential. Personally, I think buying bitcoins as an investment is lame. The people that will make the most money are the ones that build the businesses and technology around Bitcoin.

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Odrec
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November 07, 2013, 05:20:48 AM
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I'm not from the Us or any first world country and I'm finding difficult to buy bitcoins. I tried some faucets but I only got and that's kind of ridiculous for the amount of time it takes 0.0000735 BTC. I also tried with Virwox for a credit card purchase but it's not letting me. Where can I buy bitcoins easily for a non-us, non-european buyer??  Huh

nahtnam
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November 07, 2013, 05:44:44 AM
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Have you checked the price lately? It been going up! Reply with your address and I will send you a few pennies worth. ONLY APPLIES FOR OP!

rc-cola (OP)
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November 07, 2013, 08:42:25 AM
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1H5vxkoCLvEm4ueUwSHWrdpotnagLGgGLZ can't hurt!
collingiusti
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November 07, 2013, 08:45:12 AM
 #7

Hey guys,
Can someone convince me why I should buy some bitcoin? I am considering buying 40 bucks worth. Why should I invest? Where should I invest? Any tips are appreciated, seeing as I am very new to bitcoin.
Thanks!

$40 well as of today get you almost no bitcoins. but if you have fallowed the prices at all you would have seen that in 1 day that $40 would have turned into $55. 2 days ago bitcoins were going to $219 today they have almost reached $300 so far.
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November 07, 2013, 08:53:28 AM
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You can only lose as much as you put in, but you can gain untold riches.
nahtnam
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November 07, 2013, 03:05:34 PM
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You can only lose as much as you put in, but you can gain untold riches.

Well said!

balanghai
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November 07, 2013, 03:08:59 PM
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Buy for fun, never put in your life savings if you're old. Invest in high risk if you're very young. The more risk, the more rewards (though sometimes not in monetary form but wisdom).
oser41eric
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November 07, 2013, 03:12:42 PM
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I'm not from the Us or any first world country and I'm finding difficult to buy bitcoins. I tried some faucets but I only got and that's kind of ridiculous for the amount of time it takes 0.0000735 BTC. I also tried with Virwox for a credit card purchase but it's not letting me. Where can I buy bitcoins easily for a non-us, non-european buyer??  Huh

Try localbitcoins if someone is selling in your country
odolvlobo
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November 07, 2013, 06:19:36 PM
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You can only lose as much as you put in, but you can gain untold riches.

Well said!

meh, you can say the same thing about a lottery ticket.

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nahtnam
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November 07, 2013, 06:31:32 PM
 #13

You can only lose as much as you put in, but you can gain untold riches.

Well said!

meh, you can say the same thing about a lottery ticket.

Haha, but at least for bitcoin you have a big chance of winning.

Kith
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November 07, 2013, 06:56:05 PM
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If your in the US, open up a coin base account and buy it there. Easy for newbies.

Coin base account?
Ricke
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November 07, 2013, 06:59:33 PM
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After you get your Bitcoins, transfer the Bitcoins to your local computer. Don't trust an online wallet.

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November 07, 2013, 07:01:24 PM
 #16

i asked myself the same question when I first bought a bunch. ...at $0.74.

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November 07, 2013, 09:39:59 PM
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oh i see... duh. from Coinbase.com Embarrassed

that was painless.
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November 08, 2013, 01:06:58 AM
 #18

And YES... NEVER EVER EVER EVER TRUST an online wallet. BECAUSE it simply CAN get hacked, as everything in the world. Cheesy


a smartass got $30 bucks worth of bitcoins on its public release. Now he's a millionaire, but this wont happen to you, the drop of the cat already passed. Now we got a badass inflated coin @ $300
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November 08, 2013, 01:10:40 AM
 #19

I was telling peeps close to me to buy in the early double digits.  Most STILL haven't taken my advice.  I guess people are allergic to knowledge and profit taking.  LOL???   Undecided
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November 08, 2013, 01:11:55 AM
 #20

Buying bitcoins is a way to introduce yourself to the payment system and its potential. Personally, I think buying bitcoins as an investment is lame. The people that will make the most money are the ones that build the businesses and technology around Bitcoin.

This.  If you only want to invest $40 bucks I suggest you do it, then play around with it.  No investments, little gambling, in the end I suggest you put it in a paper wallet, and wait it out a few years.
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