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Author Topic: Buying a bitcoin for $300?  (Read 2735 times)
ibrahim11 (OP)
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January 25, 2015, 01:00:25 PM
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Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?
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January 25, 2015, 01:28:57 PM
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Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?

www.btc-e.com www.bitstamp.net Not a great price, you paid a huge premium.
ibrahim11 (OP)
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January 25, 2015, 01:45:29 PM
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Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?

www.btc-e.com www.bitstamp.net Not a great price, you paid a huge premium.

172GBP = 260USD. I bought mine for 300USD. 40 dollars more. But I didn't have online banking so I couldn't buy it for 260usd?
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January 25, 2015, 01:48:28 PM
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Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?
Sit on it for a few months.  It's speculation buy low, sell high:)
ibrahim11 (OP)
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January 25, 2015, 01:58:34 PM
 #5

Currently I have got 2.66 btc. I bought 1 at 350GBP. 0.6 at 480GBP and 1 at £200GBP which is the latest to my collection Smiley. But was £200 a good price though?
Yuki1988
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January 25, 2015, 02:51:49 PM
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Currently I have got 2.66 btc. I bought 1 at 350GBP. 0.6 at 480GBP and 1 at £200GBP which is the latest to my collection Smiley. But was £200 a good price though?

You can buy a bitcoin for around $250 on those popular exchanges or $260 on localbitcoins at this moment, so $300 is not a good price.

For long-term investment, I do believe bitcoin price could go beyond the previous ATH in a few years, so in that sense buying bitcoin now is a good investment IMHO.

ibrahim11 (OP)
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January 25, 2015, 02:57:30 PM
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Currently I have got 2.66 btc. I bought 1 at 350GBP. 0.6 at 480GBP and 1 at £200GBP which is the latest to my collection Smiley. But was £200 a good price though?

You can buy a bitcoin for around $250 on those popular exchanges or $260 on localbitcoins at this moment, so $300 is not a good price.

For long-term investment, I do believe bitcoin price could go beyond the previous ATH in a few years, so in that sense buying bitcoin now is a good investment IMHO.
I can't deposit to those exchanges yet because you have to be over 18. And from localbitcoin UK prices I bought my bitcoin only 28GBP more expensive?
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January 26, 2015, 01:37:42 AM
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Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?

It was a very high price. You should try and get some face to face transactions at localbitcoins . Other than that, just get a bank account.
Will be useful for you in the long run.

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January 26, 2015, 05:40:07 AM
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Look at the current price of bitcoin. Something is moving! Huge price spike is on the way. Wait for more than 300$.
ibrahim11 (OP)
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January 26, 2015, 09:39:23 AM
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Look at the current price of bitcoin. Something is moving! Huge price spike is on the way. Wait for more than 300$.
I know  Grin
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January 26, 2015, 10:02:03 AM
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lets hope it will pass 300 soon.
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January 26, 2015, 11:29:56 AM
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If you want to speculate on price then you need to wait until it will become a "good" price to sell.
Today seems to be good day, will see tomorrow.
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January 26, 2015, 11:31:03 AM
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Purchasing $50,000 worth today. Wish me luck Smiley
picolo
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January 26, 2015, 11:48:05 AM
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lets hope it will pass 300 soon.

It did : look at btc-e and bitstamp. OP is in the green Smiley
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January 26, 2015, 09:06:56 PM
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Purchasing $50,000 worth today. Wish me luck Smiley

I will wish you luck if you bought them at $300  Wink
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January 26, 2015, 09:40:36 PM
 #16

Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?
its definitely, an expensive price, but looks like you got lucky with the price going up .
Bets to use an exchange site like localbitcoins to rather buy one than waste so much on the fees.

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January 28, 2015, 11:39:19 AM
 #17

Purchasing $50,000 worth today. Wish me luck Smiley

I will wish you luck if you bought them at $300  Wink

Nice move 50 000$ is almost 200 BTC!

Hi, I bought a bitcoin from virwox for 200GBP = 300USD. Was this a good price? I could only buy it off virwox because on localbitcoins prices for one bitcoin were £172 and virwox was only £28 more and I don't have online banking? Did I buy at a good price or was it too high?
its definitely, an expensive price, but looks like you got lucky with the price going up .
Bets to use an exchange site like localbitcoins to rather buy one than waste so much on the fees.

When the price reachs 300$ he will be even instead of being up if he bought at market price
syamster
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January 28, 2015, 01:00:14 PM
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if you dont have an option to pay through bank exchange, then $300 for 1 btc is not bigger.  Because you need it and you dont have any other option, then buy it from any where from those who are accepting your offers.  But I think you can but any other currency for lesser than this, and exchange it for BTC may be a good option.  Any way welcome to the BTC world....

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picolo
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January 28, 2015, 02:13:00 PM
 #19

if you dont have an option to pay through bank exchange, then $300 for 1 btc is not bigger.  Because you need it and you dont have any other option, then buy it from any where from those who are accepting your offers.  But I think you can but any other currency for lesser than this, and exchange it for BTC may be a good option.  Any way welcome to the BTC world....

Localbitcoins is present in a lot of countries but not all countries. When it is not present, you can probably get in contact with people having bitcoins and buy them for a 10% premium.
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January 29, 2015, 12:50:48 PM
 #20

Hope you waited a bit for a good discount. lol
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