Buying Bitcoins

[rb250660]

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

 

[greggles]

The Bitcoin website lists Bitcoin Exchanges: https://www.bitcoin.com/buy-bitcoin

No idea how safe or reliable any of the exchanges are.

 

[roadto1mil]

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

 

[DB008]

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.

 

[fiftyeight]

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

 

[kid hustlr]

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

 

[ThingyMajiggy]

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.

 

[CanOz]

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

 

[ThingyMajiggy]

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

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.

 

[DB008]

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

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.

 

[moXJO]

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

 

[Quant]

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

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

 

[CanOz]

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

 

[Quant]

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

All yours , can only imagine the liquidity , slippage , fills etc that can go wrong . My alley isn't **** like that . Looks as appealing as collecting litter from Monaco casino tunnel in middle of F1 GP

 

[Kryzz]

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

Plenty of liquidity on Poloniex also.

Indpendent reserve offer AUD/ETH

 

[CanOz]

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.

 

[DB008]

Watch the last 20 seconds.

http://mobile.abc.net.au/news/2017-...nking,-mining-stocks-sold/8570494?pfmredir=sm

 

[ThingyMajiggy]

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

 

[skyQuake]

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

Coinjar has inauspicious roots
https://www.reddit.com/r/Bitcoin/comments/2xfag9/psa_zhou_tong_created_coinjar_the_service_behind/
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Anyone looked at why there's such a large price difference between exchanges? Its high volatility but not MtGox-ish days of people being unable to withdraw causing the diff

 

[Glen48]

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

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???