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Buying Bitcoins

Discussion in 'Forex and Cryptocurrencies' started by rb250660, Apr 8, 2017.

  1. rb250660

    rb250660

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    How can I easily and safely buy bitcoins to make an online purchase? Such a hassle that the place I want to deal with is bitcoin only.

    Cheers
     
  2. greggles

    greggles I'll be back!

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  3. roadto1mil

    roadto1mil

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    use coinjar. i use them. totally easy and safe. you even get an eftpos card
     
  4. DB008

    DB008

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    Are we in a bubble?

    The price is going bananas. Up over $3500 for 1 bitcoin. Crazy.

    All the other Alt-Coins are also going nuts.

    Alot of brokers who sell bitcoin advocate storing your coins in a digital wallet. So, once purchased, move them offline and into a secure wallet (like an app on your mobile). This is so that if the broking house is hacked (as has happened lots of times), your coins are safe.

    I use Jaxx, but l'm sure there are tons of wallets out there.
     
  5. fiftyeight

    fiftyeight

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    I have 2 separate people who do not know each other posting on FB everyday how much money they are making and how easy it is. Neither of them are tech savy or generally "invest". Seems like everyone is getting on the bandwagon
     
  6. kid hustlr

    kid hustlr

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    Yeah this has to end really badly doesn't it.

    Couple of guys were talking about these when it was like $10 with the theory being everyone should have like 1% of their portfolio in something like this.

    Wish I'd listened to them.

    don't see how you can buy it now, would be nice if there was expert around to explain the theory behind holding them
     
  7. ThingyMajiggy

    ThingyMajiggy

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    Same theory to holding anything, hoping for a return some day.

    A lot of VPN providers allow(or sometimes force) payment in bitcoin which could be helping it's climb with how much VPN's are gaining in popularity with net neutrality, Government spying becoming common etc.

    Also things like these ransomware attacks that have been spreading might also be a factor in it's explosion as they often want payment in bitcoin because of it's anonymity, not that anyone should ever pay the ransom on a ransomware attack, but I'm sure some are.

    There's also the benefit of decentralized, encrypted anonymity which is the main reason why people actually use it to buy/sell things as opposed to just investing in it.

    But mostly it's probably just in hyper mode now, as word is getting around and everyone wants in.

    Take your pick, all these cryptocurrencies have been going nuts lately.
     
  8. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Does anyone know how to trade the spread between etherum and bitcoin?
     
  9. ThingyMajiggy

    ThingyMajiggy

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    Looks like you can through these guys, check out the demo link on the main page and you can hover over the BTC up in the top left and can select the ETH/BTC market, so appears to be tradeable, who knows what it's like to set up an account with them though, just Googled and found them then so don't know anything about them.
     
  10. DB008

    DB008

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    What l'm hearing is - Ethereum is the next bitcoin. It's like Bitcoin 2.0. More anonymous and can do smart transactions. Monero is also in the same ballpark (wish l had purchased Monero way back...)

    https://www.ethereum.org/

    Microsoft, JP Morgan, Chase and Intel are also into Ether (some sort of alliance).

    Whatever goes up, must come down.
     
  11. moXJO

    moXJO menace to society

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    I bought a few hundred thousand ripples when they were worth nothing. Thought I would put them in the bottom virtual draw just like all the bitcoiners did.
    This thread reminded me I had them.

    Too bad I can't remember where I wrote the secret passkey
     
  12. Quant

    Quant

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    Well I just made a spread chart of sorts but clueless on the right coefficient or any strat to trade it , something I will avoid tbh . Has zero appeal to me , looks ultra dangerous in my eyes . How do you manage risk ?? I am blind

    ScreenShot3093.jpg
     
    explod likes this.
  13. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    It's now the hottest mean reverter on the planet quant, right up your alley I thought.
     
  14. Quant

    Quant

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    All yours , can only imagine the liquidity , slippage , fills etc that can go wrong . My alley isn't sh!t like that . Looks as appealing as collecting litter from Monaco casino tunnel in middle of F1 GP :roflmao:
     
    explod likes this.
  15. Kryzz

    Kryzz shaun

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    Plenty of liquidity on Poloniex also.

    Indpendent reserve offer AUD/ETH
     
  16. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    A mate of mine peaked my curiosity in it, at the moment no more than that....he's a big long view term structure trader. Must be something in it if he's looking at it.
     
  17. DB008

    DB008

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  18. ThingyMajiggy

    ThingyMajiggy

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    Yeah bitcoin isn't the one to be in, Ethereum and Litecoin are, or choose any from the list I posted previously!
     
  19. skyQuake

    skyQuake

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  20. Glen48

    Glen48 Money can't buy Poverty

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    I got some Lite on Coinbase...now find out I can't sell in Australia,,They told me to try Coinjar so send of an E mail and waiting for a reply,,wondering how a company in Australia is allowed to sell but not buy???
     
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