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Author Topic: A collection of Bitcoin users' words  (Read 1145 times)
finway
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December 08, 2011, 03:16:21 PM
 #1

I got into bitcoins when they were around 17 dollars each, the first batch of them that I bought I lost about $1000 due to their crashing price. Now, whenever I need to spend BTC I wait until the last moment and buy only slightly more than what I need and spend them instantly. In that way I minimize my risk of exposure to fluctuation.

--MagicMan,December 02, 2011

I spend BTC the day I get them. That way, I won't lose anything if I ever get hacked, and I won't lose any money if the value of BTC drops.

--Addy,December 04, 2011

Don't buy bitcoins above 3.10-3.20 if you can help it.
The usual price tends to be around 2.90-3.10USD per BTC
Buy around those prices and you shouldn't lose money on your purchases.

--c0w4bung4t007, December 04, 2011

Every week I send a Money Order for 100 bucks to Campbx. Meanwhile, I place a Limit Order ( My buy only executes when BC hits a certain Price, right now my Limit is 2.70) If your patient, the Price will hit and all the Dollars you placed will Buy at that price. Also, once you have accumulated $500, you can Buy on Margin ( your 500 can Buy as many BC's as long as your on plus side) my Margin are at 3.55. Everytime that hits, I get to buy BC's worth 3.55 for 2,70. I keep my stash of BC's at Camp and simply transfer to XX as needed. Problem is PATIENCE. Most people just dont have it in a McDonalds want it now world.

--oppyate, December 06, 2011






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finway
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December 08, 2011, 03:49:40 PM
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I think you wait longer with getbitcoin but i feel you get the most btc for your money.  I spent 268 bucks the other day getting btc and by doing a money pack to btc transaction here i spent a good 30 bucks.  I wish the mp to btc vendors didn't charge so much here cause it is very convenient and fast.

--bigsniffer,December 07, 2011

comment: Seems buying BTC on MtGox and selling them for cash & moneypack build REAL NEEDS on MtGox.


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December 08, 2011, 08:56:01 PM
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Fuck Bitches - Get Bitcoin.
finway
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December 09, 2011, 02:33:40 PM
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Hi, I've set up everything I need to make purchases on XX except for acquiring bitcoins.

I've been to get-bitcoin.com, and I have an insta-wallet, but I don't know which payment method too choose. I obviously want to go the safest route, but the bank transfer is definitely the easiest and quickest.

Is it really that dangerous? I just don't see the Gov tracking my bank account purchasing things.

--psychedelicinsight,November 30, 2011

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December 09, 2011, 02:45:17 PM
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Fuck Bitches - Get Bitcoin.

Adding as my newest Bitcoin Proverb

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
finway
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December 12, 2011, 02:43:44 PM
 #6

The hardest thing about purchasing anything for me on XX is getting a hold of these damn bitcoins.
I've seen quite a few people posting and complaining about there availability and I haven't really found a solution.

What are a couple of fast/safe methods of exchange?

--TheArtist, December 11, 2011

finway
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December 12, 2011, 02:50:21 PM
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I know this is a common issue but it seems that everyone has their own way of doing things. I was hoping someone could just comment on my current method of purchasing (which I am a little worried about) and tell me how I can increase my security.

Basically I put money directly from my bank account into Dwolla, then move it to Mt.Gox and send the bit coins to XX. I figured that was enough because I had more faith in bitcoins. Now I am reading that in fact they are traceable? Perhaps someone could just give me some tips with a step or two to make it more anonymous.

Additionally the Dwolla and Mt. Gox accounts are both in my name. Hopefully I am not fucked (only made one transfer of about $150 so far so hopefully I don't draw too much attention). Any help is greatly appreciated, especially if you can be very specific.

-- Drone75blackbird, December 12th

finway
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December 12, 2011, 02:55:27 PM
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what exactly is dwolla? If I use it to buy bitcoins will they still be traceable?

I'm kinda confused on the difference between Dwolla and paypal.

--psychedelicinsight,December 04

finway
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December 13, 2011, 11:22:02 AM
 #9

What I do is this:

1. Buy Bitcoins from bank account through Intersango account registered with untraceable email address and only accessed through TOR
2. Set up 4 Instawallets set up through TOR
3. Send a % of the BTC to Instawallet 1
4. Send the remainder to Instawallet 2
5. Leave for a few hours
6. Send a % from Instawallet 1 to Instawallet 3
7. Send a % from Instawallet 2 to Instawallet 3
8. Send the remainder from Instawallet 1 to Instawallet 4
9. Send the remainder from Instawallet 2 to Instawallet 4
10. Leave for a few hours
11. Send all BTC from Instawallet 3 to Instawallet 4
12. Send all BTC from Instawallet 4 to xxx.

Its probably over the top but I want to make sure it is anonymous as possible. When I have the time I buy the Bitcoins for cash in stage 1, but I cant be bothered to go to the bank to do it every time.

--as3df4gh,December 12

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