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So I have a wallett and am only not okay with linking my bank account
I want to know what are some alternative options for obtaining BitCoins and what you guys think are some of the better sites to use the coins at?
I also see you can purchase bitcoins via paypal but the upcharge looks pretty sick
Okay thanks in advance for any and all suggestions/comments/concerns
-mathkid:cool:
bitcoins are just an online currency that has no intrinsic value, very shady, and have been labeled "gold for nerds", Im staying away from them.
easiest way to buy is go to sealswithclubs.eu , the poker site which only deals with bitcoins, get a gdmp, and trade in their chat, you can cashout swc chips for btc. I don't think linking bank acc't with one of the top trading places is a prob, but if you are worried and want to do it that way, just open a separate acc't just for btc. If btc rises like gold, than i don't care if i'm a nerd.
It has vaule, whatever the market if trading them for, thats like saying stocks are shady and shouldnt be dealt with in any way because they go up and down .... still has some worth. You might loose some money the next day if they drop after you buy them but again you might make a good profit if they go up the day after you buy them. Sounds like stocks to me, am I wrong?Quote:
Originally Posted by MichMan
I woul absolutely love for poker sites to use bitcoins. then you could play on european sites and everything!
Quote:
Originally Posted by mathkid
Lol buying BitCoins with PP.... that sounds like a scam. This is how I purchased BC's. I opened an account on Mt.gox. After I opened an account on Mt.gox I funded that through a 3rd party called Bitinstant. You can set up a transaction online and fund your Mt.gox account by using Bitinstant and paying for the transaction at a Walmart or CVS. Mt.gox-Bitinstant-Walmart-moneygram. The money you send via Moneygram goes to your Mt.gox account, and from there you purchase Bitcoins. You then have a code that corresponds to the BC's you purchased and can send them where you would like to. It sounds moderately complex, but once you check it out the process becomes much more clear.
I would stay far away from BitCoins atm. I bought and sold these and made a tidy little profit by both B/S and playing poker with them; however towards the end I lost some of the profit back with the crazy wild swings these coins have had. BitCoins peaked @ almost $270 with swings that gave me some serious whiplash. I think the chance to make a quick buck fueled an enormous speculative bubble that finally burst. I am not convinced however, that the currency has stabilized. I personally would avoid these atm to be honest. Take this from someone who is an econ minor, with a major in political science. The potential alos for the government to step in and "lean" on Bitcoin is also a major point of concern.Quote:
Originally Posted by LCDaBoss
Never heard of this, but it's ok, not something I would consider. Where does one find out more read on this BitCoins ?
I thought the government couldnt touch bitcoinsQuote:
Originally Posted by sickread23
they cant now, well who am i kidding, they can do whatever the want. but in theory, they have no control over them. But those people that became btc millionares when shit was at 270/btc and sold, can get effed by the IRS
any income can be looked at and audited. the gov can do whatever they want to whom they want at anytime they want
I have never used bitcoins and not planning to either it sounds like bs and dont wantot oget with it
You obviously have not researched the bitcoin. Please do your homework before spouting off about things you don't know anything about. Bitcoins are completely anonymous... that is the major selling point.Quote:
Originally Posted by RavenKitty
Bitcoins isn't starting to get more positive attention. It's online money. If poker sites used them, I'm sure it would be easier to deposit.
Most of you guys on this thread are awesome. some of the posts are from posters that have not done much homework on these.
From what I have read in the brief time, they seem revolutionary. Also, the swings are from a small market that is going to con't to have a lot of volatility. It is just an alternative form of currency like, gold,silver, pawn shop items, an ounce of weed,etc,etc Hell so much has value.
I will say this and have spoken my peace. Go to the Android Market and to your Google playstore and punch in bitcoins. Like
100 apps pop up. You don't think this shit is here to stay? Also, I have attached a link below with Kevin O'Leary (Mr. Wonderful) from Shark Tank talking sensibly about bitcoins.
Volatile Bitcoin on MSN Video
I don't think it is here to stay. with its value rising yet lowering daily up and down, who has time for that shit. its here for now, to go so low and the market will cease. I sell all and any btc I get as soon as I get them. word
I agree to a certain extent. I think that there will be better entry points into the market. I see the currency dropping back to $50-$75 and then slowly coming back up. I could see the currency going to $500 within 2 years, but it has to become more widely accepted and stable. In the long run bet on Bitcoin, but I am out of it atm.Quote:
Originally Posted by mathkid
not me im stacking my coins like crazy and it's funny cause i seem to take better care of the little bit i have then the online rolls i have at other sites
word!
what is it? it is a way of deposit or something else?
well it is something I suggest that you google and also YouTube to learn more about
They aren't going anywhere anytime soon
Also,
feel free to PM me if you want to and I will send you some quality links about the subject
just google bitcoin and on the first site which apair press the about tabQuote:
Originally Posted by mathkid
I think its time Poker Owned get involved with Bitcoin Poker (SWC) !!!!!!!!!!!!!!!!!!!!!!!1
You gave me a headache just reading this. Nevermind implementing it. lol
Quote:
Originally Posted by sickread23
gold for nerds? I dont understand what are these exactly?
The value swings wildly people... so approach with caution and spend wisely.
As opposed to all your Lock funds, which are rock solid and safer than CDs. Last I heard, they were trading under $0.40/$1.00 and in some cases as low as $0.30. Hopefully you donked all yours off when they were worth more.Quote:
The value swings wildly people... so approach with caution and spend wisely.
So yeah, I don't immediately see the added value using bitcoins over say, GDMP for online transactions. It seems like the downsides are that it's not widely accepted (compared to say, Visa), a PITA with lots of fees to acquire, and has a wildly fluctuating value right now. Does it offer anything in the way of anonymity or not leaving a paper trail or ??? that would offset these?
yea Lock they are saying is the next Full Tilt Poker about to crash.
been 2 months from juicy and my payout still pending.. i refuse to sell it off .. o well another 2 months to go i guess... fkn joke.. u know the site is prolly doing it on purpose to devalue their own currency to buy it at a discount RIGHT before they go live and legal in nevada.. :P think about it..
Let me ask you this Bong... can you call their customer support team or get live chat or live reps on phone
The more I hear about Lock the higher my blood pressure goes. No matter what they have hands down the worst reputation and their software is shit too.
Someone needs to do something about this. I have no money there so there is no reason for me to get emotionally agitated in another problem the world has.
I wish you the best Bong. In the meantime buy you some bitcoins and play a little over at SWC's soft games and these bitcoins can't be shut down and no site can force a 2month cash out. I can transfer coins to my wallet from seals and vice versa and there are a hell of a lot of sites other then SWC that deal with bitcoins. Hell, I saw a add for a Personal Injury Lawyer the other day whom accepts bitcoins. Bitcoins are global and cant be shut down by FBI or a sorry site like lock cannot flex u.
Takes all of 45mins tops to transfer my money and there are about 600 ways to turn cash to coins and coins back into cash.
In the USA we pay taxes like everywhere. Our tax laws have capital gains. If we purchase a bitcoin and turn it into 150 bitcoins via online poker or slots or selling stuff or anything, it is completley legal but we have to claim it on our tax forms at the end of the year and that is the legal way to do it.
Granted lots will play the grey area but bitcoins itself rule!!!
I found a really cool sportsbook also but it's by invite only they say