TheDiamondMiner (OP)
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January 05, 2014, 09:08:31 PM |
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So people are saying that the Bitcoin mining boat has sailed off. Which I'm starting to believe. An alternative is investing or buying Bitcoin. Someone told me to do this instead of mining, but how exactly can you do this? Any trusted sites? I'm not trying spend a lot of money only $30 to $50.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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olinnebit
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January 05, 2014, 10:15:11 PM |
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bitstamp.net
coinbase.com
Those are the easiest to use
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KJO
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January 05, 2014, 10:29:39 PM |
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So people are saying that the Bitcoin mining boat has sailed off. Which I'm starting to believe. An alternative is investing or buying Bitcoin. Someone told me to do this instead of mining, but how exactly can you do this? Any trusted sites? I'm not trying spend a lot of money only $30 to $50.
Coinbase is great if you have a bank account AND a Visa (they do NOT accept mastercard for ID verification!) If not, you will have to wait 4 to 5 days for your bitcoins. Localbitcoins.com might be a faster route for you. |
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nastybit
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January 05, 2014, 10:31:18 PM |
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Try to use localbitcoins and meet people.
Also research a little bit more, I understand it's not very easy but this forum is very extensive
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Welsh
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Merit: 4110
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January 05, 2014, 11:08:06 PM |
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It's at a high right now. I would if were you I would invest when it comes down a little.
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fasteddie9987
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January 05, 2014, 11:13:53 PM |
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Try checking out ebay. I always keep an eye on there especially if i'm up late because you do get bitcoin going for less than market price. You have to look for it though as there are loads of overpriced coins and you need to do your sums first before buying anything on there.
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TheDiamondMiner (OP)
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January 05, 2014, 11:47:11 PM |
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Sorry I don't know a lot about stocks and I'm very new to cryptocurrency. So I can buy parts of a Bitcoin when the price is lowered and then sell it when the price goes up once again? As in buying $50 worth and waiting and selling that same percentage for a higher price as the price goes up? Also I'm looking into cloud mining with https://cex.io/. Has anyone had some profits mining Bitcoins with that? Thanks for the help. |
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ivanone
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January 05, 2014, 11:50:57 PM |
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At this point, 50 bucks is pointless, e.g. you will get 0.05BTC. And even if price go crazy for 4000$ BTC, you will have 200$ in btc
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TheDiamondMiner (OP)
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January 06, 2014, 12:00:36 AM |
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I'm not trying to make a ton of money, just to do this as sort of a hobby. As in use that $50 invested and when it comes out put it back into cloud mining. I think this could work.
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Sebastien256
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January 06, 2014, 12:26:21 AM |
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you can use virwox.com to buy bitcoin.
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tacoman71
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January 06, 2014, 01:27:05 AM |
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you can use virwox.com to buy bitcoin.
VirWox is a good option but they have fees about 10% |
Feeling generous? Like my post? Leave a tip at BTC: 1NZJ8cceqEiKDZGAJged2vNGCyfFMUEYPt
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jongameson
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Activity: 84
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January 06, 2014, 03:01:32 AM |
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It's at a high right now. I would if were you I would invest when it comes down a little.
It's at a high now, but I ain't sellin'..  |
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