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Invisibleluvdemboomers
loner with a boner

Registered: 01/11/13
Posts: 5,054
bitcoins
    #19197742 - 11/27/13 06:38 PM (10 years, 2 months ago)

What's the best way to buy them for someone ignorant to how it works?


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OfflineNotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US Flag
Last seen: 3 years, 1 month
Re: bitcoins [Re: luvdemboomers]
    #19197768 - 11/27/13 06:43 PM (10 years, 2 months ago)

Get a bank account if you don't have one, make sure you can wire money internationally. Then register at either Mtgox, Bitstamp, or BTC-E and transfer money to your account and buy coins. Only problem is wires can take time.


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InvisibleMagicman69
All About the Benjamins
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Registered: 05/29/13
Posts: 6,876
Re: bitcoins [Re: NotTheDevil]
    #19197784 - 11/27/13 06:47 PM (10 years, 2 months ago)

Why is there not an easy, USA based, bit coin company? Seems like the demand is there, and I think a lot more people would invest if it were more simple


Edited by Magicman69 (11/27/13 06:48 PM)


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OfflinePsychedelicking
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Registered: 03/14/13
Posts: 133
Loc: BC, Canada
Last seen: 9 years, 23 days
Re: bitcoins [Re: luvdemboomers]
    #19197825 - 11/27/13 06:55 PM (10 years, 2 months ago)

well i used to be able to go to a bmo/scotia bank and give them the money i want in bitcoins and just tell them to ship it to the bank address.
but cavirtex decided to be a dick and take the option out and now you need verification :frown:


--------------------
"I know not which weapons will be used in World War 3, But World War 4 will be fought with sticks and stones.


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Invisibleluvdemboomers
loner with a boner

Registered: 01/11/13
Posts: 5,054
Re: bitcoins [Re: Psychedelicking]
    #19197836 - 11/27/13 06:57 PM (10 years, 2 months ago)

so once I get them what? What's a wallet? I'm lost.


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Offlines240779
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Registered: 12/07/10
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Re: bitcoins [Re: luvdemboomers]
    #19197872 - 11/27/13 07:04 PM (10 years, 2 months ago)

Quote:

luvdemboomers said:
so once I get them what? What's a wallet? I'm lost.




Basically what the title implies. It's a digital wallet. Allows you to store your bitcoins but also transfer them. Note that there is a second type of wallet: if you're dealing with the exchanges for trading crypto-currencies (bitcoin, litecoin, dollars, etc.) you'll have web wallets.

A good way to buy bitcoins and litecoins is litecoinlocal.org and localbitcoins.com.

You can also buy from anyone on the web, including Shroomery members: Marketplace forum

Note that litecoin went from like 10 dollars to currently 36 dollars in the past 24 hours.


Edited by s240779 (11/27/13 07:10 PM)


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OfflineNotTheDevil
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Registered: 01/08/13
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Re: bitcoins [Re: luvdemboomers]
    #19197897 - 11/27/13 07:09 PM (10 years, 2 months ago)

Quote:

luvdemboomers said:
so once I get them what? What's a wallet? I'm lost.



You download the file from bitcoin.org for you operating system (i.e windows) and run it. Then you wait because the first time its run it will take a while to catch up with the network. You can password protect it, but beware if you lose/forget the password that money is gone forever. There are also online wallet options.


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OfflineNotTheDevil
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Registered: 01/08/13
Posts: 5,436
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Last seen: 3 years, 1 month
Re: bitcoins [Re: s240779]
    #19197898 - 11/27/13 07:09 PM (10 years, 2 months ago)

Quote:

Da2ra said:
Quote:

luvdemboomers said:
so once I get them what? What's a wallet? I'm lost.




Basically what the title implies. It's a digital wallet. Allows you to store your bitcoins but also transfer them. Note that there is a second type of wallet: if you're dealing with the exchanges for trading crypto-currencies (bitcoin, litecoin, etc.) you'll have web wallets.

A good way to buy bitcoins and litecoins is litecoinlocal.org and localbitcoins.com.

You can also buy from anyone on the web, including Shroomery members: Marketplace forum

Note that litecoin went from like 10 dollars to currently 36 dollars in the past 24 hours.



Bet your liking that :wink:


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Offlines240779
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Re: bitcoins [Re: NotTheDevil] * 1
    #19197914 - 11/27/13 07:13 PM (10 years, 2 months ago)

Quote:

NotTheDevil said:
Bet your liking that :wink:




:cheers: I was just thinking of you. I also purchased 2 more litecoins for $9 each after our transaction (it was all my meager coffers could afford).


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Offlines240779
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Re: bitcoins [Re: s240779]
    #19198112 - 11/27/13 08:09 PM (10 years, 2 months ago)

It went up another 7 dollars since I made that last post. :smile:


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InvisibleBlackd0ve420
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Registered: 08/17/08
Posts: 3,605
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Re: bitcoins [Re: s240779]
    #19198482 - 11/27/13 09:54 PM (10 years, 2 months ago)

Jesus I got .277 btc ($30 at the time) like 4 months ago and forgot about it, now it's $270 and climbing.... :happyclaps:


--------------------
Just let it all go..
Laugh at the world and be free,
Then Just breathe, Just breathe...
*Blackdove*


Click for Catnip!
:peace: :nyan: :peace:


Edited by Blackd0ve420 (11/27/13 09:55 PM)


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Offlines240779
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Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 9 days
Re: bitcoins [Re: Blackd0ve420]
    #19199350 - 11/28/13 04:41 AM (10 years, 2 months ago)

Litecoin rose another 10 dollars in the past 8 hours.

By the way, if anyone wants to buy litecoins, try litecoinlocal.org (or buy bitcoins at localbitcoins.com and exchange them for litecoins).


Edited by s240779 (11/28/13 05:07 AM)


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