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Author Topic: Bought my first 0.1 BTC  (Read 5733 times)
mullerdan
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October 25, 2014, 07:10:25 PM
 #101

Choose bitstamp  !! its a good investment, nice to buy now its a good period i think the price will grow, you will get rich Wink
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Sonny
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October 27, 2014, 10:54:17 AM
 #102

Choose bitstamp  !! its a good investment, nice to buy now its a good period i think the price will grow, you will get rich Wink

Unless you have a huge capital to buy a large quantity of bitcoin, I don't think you can get huge profit from bitcoin easily now.
TBH, I don't think we can see the bitcoin price going up another 100-fold or 1000-fold in the coming few years as it did in the previous few years.

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October 27, 2014, 05:24:29 PM
 #103

Great! continue on this way and good luck for your future in the bitcoins world!

gamblethis
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October 28, 2014, 01:44:31 AM
 #104

you should try with an exchange like bitstamp or kraken

I used bitstamp and I got no problem with it since.

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Peegasus
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October 28, 2014, 05:29:01 AM
 #105

Welcome to our world! Are you enjoying it? Well, you should. Do not be so serious when youre dealing with BTC. Do it for fun and not to make lots and lots of money.

jennifer21
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October 28, 2014, 02:21:12 PM
 #106

you should try with an exchange like bitstamp or kraken

I used bitstamp and I got no problem with it since.

I think bitstamp fcked me up once. But I am trying to forget about it.
mezmerizer9
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October 28, 2014, 02:24:12 PM
 #107

OK just bought my first BTC investment to test the waters!

Now I have a question I'm in the UK and I've bought from Bittylicious, tho it's very easy and fast to use it's quite a lot of money over price market paid a good £20 quid over . Now is that the usual fee or are there cheaper ways to trade my fiat for BTC in the UK I feel I'm paying a Premium for the service and I admit it's a good service so far.
Now another question is what is the easiest safest way to cash out back to fiat? Im planning on investing on 4 or 5 BTC then hodl for a few years or so but if in a emergency I need to cash out what's the easiest way ATM and will I have to pay a PREMIUM again?

Thank you for your help .

No need to hold it for a few years, just wait for the price to go up for double or as the higher is gets and when you see the change, when it starts to go down, sell it, wait for it to dop low and buy again. Looking at the predictions here on bitcointalk, by the late 2015, early 2016 the price will go up significaly.


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Pkofet
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October 29, 2014, 09:51:59 AM
 #108

you should try with an exchange like bitstamp or kraken

I used bitstamp and I got no problem with it since.

I think bitstamp fcked me up once. But I am trying to forget about it.

Before forgetting about your negative experience on Bitstamp, would you mind sharing a bit of it?

El Emperador
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October 29, 2014, 10:04:18 AM
 #109

I suggested Virwox for its ease of use.

Yes, Virwox is easy but they have too high fees. I discourage using that exchange.

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grumpyoldtroll
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October 29, 2014, 10:28:46 AM
 #110

How much was it worth? In dollar?
Pkofet
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October 29, 2014, 10:44:17 AM
 #111

How much was it worth? In dollar?

The thread was created on Aug 15, and the bitcoin price at that time should be around $500, according to https://bitcoinwisdom.com/markets/bitstamp/btcusd.
So that 0.1 btc was worth $50 2.5 months ago and  $35 now...

aljunking
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October 29, 2014, 01:53:39 PM
 #112

How much was it worth? In dollar?

The thread was created on Aug 15, and the bitcoin price at that time should be around $500, according to https://bitcoinwisdom.com/markets/bitstamp/btcusd.
So that 0.1 btc was worth $50 2.5 months ago and  $35 now...

Lol... I dont know if Im going to feel happy or sad about this fact.
boumalo
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October 29, 2014, 02:00:35 PM
 #113

How much was it worth? In dollar?

The thread was created on Aug 15, and the bitcoin price at that time should be around $500, according to https://bitcoinwisdom.com/markets/bitstamp/btcusd.
So that 0.1 btc was worth $50 2.5 months ago and  $35 now...

If he buys 0.2 now he will have bought at an average price of 395$ so a 13% loss compared to the price of 342$ today; if he bought when it was 300$ he could have seen a profit Tongue

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October 29, 2014, 02:02:26 PM
 #114

did he hodl, sodl, or spend his bitcoins?

I'm sad for his loss if he hodl
jarvanIV
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October 29, 2014, 04:17:25 PM
 #115

just spend it, its not much at this point.  Smiley

you dont know if the price will drop even further. look at the overall trend though, its been dropping awhile back.
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October 30, 2014, 02:27:48 AM
 #116

did he hodl, sodl, or spend his bitcoins?

I'm sad for his loss if he hodl

I think the guy is not active anymore. Maybe he did sell his btc too.
fa
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October 30, 2014, 02:36:06 AM
 #117

did he hodl, sodl, or spend his bitcoins?

I'm sad for his loss if he hodl

I think the guy is not active anymore. Maybe he did sell his btc too.
Sorry to hear that... newbies tend to lose their coins easily.
leen93
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October 30, 2014, 01:51:05 PM
 #118

think kraken accept gbp too now
and a tip of using ur btc: u can buy stocks or commodities with them on :https://1broker.com/
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October 30, 2014, 08:02:17 PM
 #119

0.1btc is a good start, never mind how you would cash out in a few years' time, i think the bitcoin market will be so different in a few years.

I agree with this. Just worry about turning that .1 BTC into even more BTC. Then once your income is steady I would worry about cashing it out (if you even want to at that point).
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October 31, 2014, 12:19:34 AM
 #120

Congratulation and welcome, if your planning on holding for a few years i would put it onto a paper wallet or another type of cold storage.
Buy yourself another 0.1 btc just to play around with, buy a coffee or something and get used to using it like you would fiat money, you may like using it and not want to just hold.

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