Confused Newbie

[gkv9]

That's the reason I'm asking. So I can more about this and what to do.

Read the below mentioned quote carefully, which was posted by Grand Voyageur, they made it understand in a very interesting manner, and I forgot to mention about the fees, but yes, you can still earn some profit if you set a goal like at what rate for the coins to be sold must be somewhat higher than the previous exchange's price... You can find a list of different exchanges where you can buy/sell BTC with 0 fees, and I think Huobi is the one currently offering 0 fee trading... So, either you may buy there or sell there comparing it's BTC/USD price with any other exchange you prefer.

Arbitrage trading happens between different exchanges to sips on price differentials. In cryptocurrencies world this is hampered by the hefty withdrawal fees you have to pay to exchanges as well by transaction times.
If you do it on the same Exchange it is just a normal intra-day trade not arbitrage trading.

[dlc1962]

Where can I get a list of exchanges?

[Muhammed Zakir]

It seems, to me, buying bitcoins is going to be the easiest thing to do. Can anyone give me average prices of bitcoins?

Price will vary from exchange to exchange. Current average BTC price in Bitstamp : $280.00 . You can find some of the good exchanges here. Try to find reviews in Bitcointalk and in websites before going for it.

   ~~MZ~~

[dbshck]

Where can I get a list of exchanges?

1. Complete list of Bitcoin/FIAT exchanger https://bitcoincharts.com/markets/list/
2. List of famous Bitcoin and Altcoin exchanger, ranked by daily volume http://www.cryptocoincharts.info/markets/info

[sukamasoto]

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated!

Ever heard about altcoin ?
Try to buy some and wait it raise into profit.

If you need some bitcoin as a fund starter, you can try to earn on faucet or get some bitcoin on your local seller

[dlc1962]

Which exchangers are in the US?

[Muhammed Zakir]

Which exchangers are in the US?

http://www.coindesk.com/information/how-can-i-buy-bitcoins/ and http://bitcoinexchangeguide.com/ . You can also use Cex.io .

   ~~MZ~~

[gkv9]

Which exchangers are in the US?

You can use local US exchangers at LocalBitcoins.com
Try it, it's a good site though...

[conteaza]

Where can I get a list of exchanges?

Here you go www.thebitcoinpage.com ,also there are a lot of useful informations

[GreatWinter]

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated!

Best way is probably to work for fiat, then send it to an exchange and buy BTC that way.

Alternatives include mining, which is really difficult unless you have a lot of space, cheap equipment and free electricity.

The best time would probably be when BTC goes up in value against fiat, then you can buy mining gear. It makes sense since it is harder to buy with fiat.

[oblivi]

How do I start making bitcoins with a wallet?

A wallet is a place to store your BTC, not to "make" it.

Just like in real life, where your leather wallet does not sprout bank notes.

Ben Bernakle disagrees.

[dlc1962]

Why dp you disagree?

[gkv9]

Why dp you disagree?

Hey dude, why don't you try ^GOOGLE^ to find everything that you need to know to trade Bitcoins/Altcoins? You will get way better definition there than anybody else here regarding what you need to know... If you will still be confused, then come here and ask that what you didn't get and we will definitely try to help you out in your case...

[Ingatqhvq]

I'm newbie to bitcoins and I'm totally confused. One thing I don't understand is how do I start making bitcoins? Do I have to finance it? If so, how? Any other answers would be greatly appreciated!

The best way is to buy some bitcoin.

[dlc1962]

Why dp you disagree?

Hey dude, why don't you try ^GOOGLE^ to find everything that you need to know to trade Bitcoins/Altcoins? You will get way better definition there than anybody else here regarding what you need to know... If you will still be confused, then come here and ask that what you didn't get and we will definitely try to help you out in your case...

I always thought the best way to learn about a subject that others are more knowledgeable than I was about was to go to forums pertaining to the subject and ask questions. Perhaps I was wrong.

[dlc1962]

BTW from what I found on google you do have to pay the IRS taxes on bitcoins.

[redbean2010]

Buy some btcs, and then gamble.

you can start from small amount.

[Grand_Voyageur]

BTW from what I found on google you do have to pay the IRS taxes on bitcoins.

You don't want to pay taxes? Would you like being a freerider taking advantage of Social Security & Federal/State/Local services?
Bad baby, bad baby...

 

[dlc1962]

Considering I'm already on SS and SSI it would be hard to take advantage of it.

[gkv9]

Considering I'm already on SS and SSI it would be hard to take advantage of it.

I feel you took my statement wrongly or thought that I was offensive in my words, but I ain't... It's just that I thought I should advice you to check it out through the best search engine, you will get everything you need... Even I was a newbie, and researched everything about Bitcoins on Google only because I was knowing BTC since 2010 when there ain't a lot of members who had the best knowledge of how to gain it and all that... I too had confusions, which I clarified here, it's just that you need to post here exactly what you wanna know, and everyone will try to answer it, even Google does the same, it shows different definitions of a single thing, but you must use your common sense in order to choose the right one...