4 ms·

These stories of hacks & scandals and your link showing increasing-value only increases my desire to buy bitcoin. Also, this wild story[1] makes me want bitcoin

by smtddr 13y ago

These stories of hacks & scandals and your link showing increasing-value only increases my desire to buy bitcoin. Also, this wild story[1] makes me want bitcoin too. What if I just want to buy $500 USD worth of bitcoin and just sit on it? Maybe 10 years from now it'll be worth close to a million, or maybe bitcoin will be shutdown and it'll be worth nothing. I think I can risk it. Who's trust-worthy these days if I want to make that purchase? 1. http://now.msn.com/kristoffer-koch-norwegian-man-buys-apartment-with-bitcoin-profit http://now.msn.com/kristoffer-koch-norwegian-man-buys-apartm...

aianus 13y ago
Coinbase.com is a YC company that's trustworthy and convenient if you have a US bank account
- zachlatta 13y ago
  Eh, I wouldn't recommend Coinbase. They deemed one of my purchases from them as "high-risk" and have been holding my money hostage since. Support team has been taking 3-4 days to reply to each email in the thread.
  - iancarroll 13y ago
    Sometimes this happens. They deal with purchases every day and can't aid with money laundering.
    - MichaelGG 13y ago
      But a 3-4 day response time isn't part of fraud prevention.
  - christiangenco 13y ago
    Yeah, their support department is absolutely awful.
    - Wingman4l7 13y ago
      They've been chalking that up to growing pains -- for the longest time, they didn't even have a dedicated support guy hired; it was just the two founders. Last time I checked they had just one member of staff dedicated to support, although by now they might have one or two more.
- christiangenco 13y ago
  +1 for coinbase. As long as you transfer the bulk of your coins to an offline wallet (Electrum is pretty simple), you can buy from any exchange like this pretty safely. I've been doing dollar cost averaging through coinbase for the last three months (buying $20 worth every week), and with the recent surge my ~$300 investment is now worth over $1,000.
Spittie 13y ago
I think https://localbitcoins.com/ https://localbitcoins.com/ it's still one of the safest way to buy bitcoins.
sukaka 13y ago
if in 10 years the price fluctuated from say $50 to $1000 and then rested at $500, you gained a huge opportunity cost. You could have shorted $500, played the market, sold early and reap the rewards =P
twentysix 13y ago
Maybe you should buy it and hold. https://www.youtube.com/watch?v=qHUPPYzzZrI https://www.youtube.com/watch?v=qHUPPYzzZrI
- smtddr 13y ago
  That vid @ 0:25 - 0:39 ...it grew three thousand percent from last year to now? O_o;
celticninja 13y ago
localbitcoins.com quick, easy and escrow available.
kristianp 13y ago
As long as you don't use MtGox. It has problems with withdrawals of USD, and hence has an inflated bitcoin price compared to others.

by smtddr 13y ago

aianus 13y ago

Coinbase.com is a YC company that's trustworthy and convenient if you have a US bank account

zachlatta 13y ago
Eh, I wouldn't recommend Coinbase. They deemed one of my purchases from them as "high-risk" and have been holding my money hostage since. Support team has been taking 3-4 days to reply to each email in the thread.
- iancarroll 13y ago
  Sometimes this happens. They deal with purchases every day and can't aid with money laundering.
  - MichaelGG 13y ago
    But a 3-4 day response time isn't part of fraud prevention.
- christiangenco 13y ago
  Yeah, their support department is absolutely awful.
  - Wingman4l7 13y ago
    They've been chalking that up to growing pains -- for the longest time, they didn't even have a dedicated support guy hired; it was just the two founders. Last time I checked they had just one member of staff dedicated to support, although by now they might have one or two more.
christiangenco 13y ago
+1 for coinbase. As long as you transfer the bulk of your coins to an offline wallet (Electrum is pretty simple), you can buy from any exchange like this pretty safely. I've been doing dollar cost averaging through coinbase for the last three months (buying $20 worth every week), and with the recent surge my ~$300 investment is now worth over $1,000.

Spittie 13y ago

I think https://localbitcoins.com/ https://localbitcoins.com/ it's still one of the safest way to buy bitcoins.

sukaka 13y ago

if in 10 years the price fluctuated from say $50 to $1000 and then rested at $500, you gained a huge opportunity cost. You could have shorted $500, played the market, sold early and reap the rewards =P

twentysix 13y ago

Maybe you should buy it and hold. https://www.youtube.com/watch?v=qHUPPYzzZrI https://www.youtube.com/watch?v=qHUPPYzzZrI

smtddr 13y ago
That vid @ 0:25 - 0:39 ...it grew three thousand percent from last year to now? O_o;

celticninja 13y ago

localbitcoins.com quick, easy and escrow available.

kristianp 13y ago

As long as you don't use MtGox. It has problems with withdrawals of USD, and hence has an inflated bitcoin price compared to others.