Any Bitcoin or Cyrptocurrency enthusiasts? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > General Discussions (Off-Topic) > Investing > CryptoCurrency

CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

Reply
 
Thread Tools
  #1  
Old 07-18-2015
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Any Bitcoin or Cyrptocurrency enthusiasts?

Just curious I think the technology is amazing. Hard to say what will happen with fintech.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 07-18-2015
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,639
Thanks: 4,581
Thanked 7,019 Times in 6,393 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

I would love to get into it but no time or resources :(
Reply With Quote
  #3  
Old 07-18-2015
Executive [VIP]
Threadstarter  
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by rsot View Post
I would love to get into it but no time or resources :(
Yea it is intense I just bought my first couple bitcoins. I was unsure about it about 4 months ago even though I had supported the idea of it. My Capstone project for my MBA was on fintech (financial technology) lots of it was based around Bitcoin and Crypto Currencies. I am pretty convinced on the technology who will be the winner and loser is another thing.

Looking into even taking out small positions in Cyrptos like Dogecoin and Litecoin.

I will say Bitcoin and Altcoins are definitely not for the faint of heart. It is still early days and there is much volatility.
Reply With Quote
The Following User Says Thank You to vogeltron For This Useful Post:
Payelectronica (01-11-2017)
  #4  
Old 07-18-2015
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,639
Thanks: 4,581
Thanked 7,019 Times in 6,393 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

You bought first couple of bitcoins?
Reply With Quote
  #5  
Old 07-18-2015
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 7,542
Thanks: 2,166
Thanked 2,492 Times in 1,835 Posts
Activity: 52%
Longevity: 45%
iTrader: (2)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

any good articles or website suggestions volgetron so I can get a better grasp of how all this works?
Reply With Quote
  #6  
Old 07-18-2015
unkown5454's Avatar
Executive [VIP]
 
Join Date: Mar 2011
Posts: 4,186
Thanks: 2,144
Thanked 1,296 Times in 930 Posts
Activity: 31%
Longevity: 67%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

i love it, just hate the volatility. it's a huge gamble and only for those who have money they are willing to lose, either by the price of coins falling into hell or just waking up one day to find all of your coins have been stolen.
Reply With Quote
  #7  
Old 07-18-2015
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 7,542
Thanks: 2,166
Thanked 2,492 Times in 1,835 Posts
Activity: 52%
Longevity: 45%
iTrader: (2)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

stolen? What do you mean exactly.
Reply With Quote
  #8  
Old 07-18-2015
Senior Member
 
Join Date: Sep 2014
Posts: 1,007
Thanks: 94
Thanked 152 Times in 126 Posts
Activity: 0%
Longevity: 39%
iTrader: (2)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

If I understand it correctly, you put bitcoin into a "wallet" thats encrypted and I guess theres possibilities it can be hacked.


I'd love to get into bitcoin but I just can't grasp it.
Reply With Quote
  #9  
Old 07-18-2015
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,220
Thanks: 895
Thanked 4,057 Times in 2,168 Posts
Activity: 0%
Longevity: 75%
iTrader: (12)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

A few years ago, someone sent me a message on eBay asking if I would take Bitcoin for an item that I had listed. Nobody had ever asked me that before. The item had been listed for months and wasn't selling. It was only $50. So, I got his email and we made the deal. I had always been interested in Bitcoin, but had never come across a reason for using it. I think I got 10 or 11 Bitcoins for the item.

When I took them, I felt stupid because I had my Bitcoin wallet on my PC and thought I would lose them if my hard drive ever crashed. But it wasn't a big deal to me, because we were talking about $50.

A year and a half later, the price of Bitcoins went through the roof! I sold them for $185 each and used the money (after Mt. Gox fees) to have a landscaper come out and create the garden I have always wanted but never wanted to pay for.

I have not done anything with Bitcoins since, because of the volatility, but I do accept them when selling eBay accounts. I would definitely convert them into real dollars as quickly as possible, because the price could very quickly go either way and I - despite my one GOOD experience - am usually on the LOSING end of speculative investments.
Reply With Quote
  #10  
Old 07-18-2015
123's Avatar
123 123 is online now
Executive [VIP]
 
Join Date: Jul 2010
Posts: 5,164
Thanks: 382
Thanked 1,208 Times in 696 Posts
Activity: 43%
Longevity: 72%
iTrader: (631)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Bitcoin is great for sellers in my opinion as it reminds me of Liberty Reserve in terms of not having to worry about charge backs etc (hopefully doesn't go down like LR though) but I agree with Jeff I convert it instantly, not interested in speculating fluctuations with my sales atleast
__________________


Guaranteed FRESH IP Addresses for amazon, eBay, and PayPal - 24vc.com
Reply With Quote
The Following User Says Thank You to 123 For This Useful Post:
Payelectronica (01-11-2017)
  #11  
Old 07-18-2015
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 7,542
Thanks: 2,166
Thanked 2,492 Times in 1,835 Posts
Activity: 52%
Longevity: 45%
iTrader: (2)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

can we safely transfer paypal funds to bitcoin?
Reply With Quote
  #12  
Old 07-18-2015
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,220
Thanks: 895
Thanked 4,057 Times in 2,168 Posts
Activity: 0%
Longevity: 75%
iTrader: (12)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by 123 View Post
Bitcoin is great for sellers in my opinion as it reminds me of Liberty Reserve in terms of not having to worry about charge backs etc (hopefully doesn't go down like LR though) but I agree with Jeff I convert it instantly, not interested in speculating fluctuations with my sales atleast
I don't think they can shut it down. Liberty Reserve was centralized and they were not licensed the way they should have been. But Bitcoin is spread out worldwide with the "blockchain".

So, the government could probably declare Bitcoin ILLEGAL if they wanted to, but I don't see how they could stop it.
Reply With Quote
  #13  
Old 07-18-2015
unkown5454's Avatar
Executive [VIP]
 
Join Date: Mar 2011
Posts: 4,186
Thanks: 2,144
Thanked 1,296 Times in 930 Posts
Activity: 31%
Longevity: 67%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by yankee View Post
stolen? What do you mean exactly.
unless you store physically/locally, bitcoin exchanges continue to suffer from intrusion. And not just for pennies, but for 5, 6, 7 figures worth. is it going to happen to you? i don't know. it's just too much risk for me personally right now on top of how volatile the prices already are.
Reply With Quote
  #14  
Old 07-18-2015
Executive [VIP]
Threadstarter  
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by jeffweico View Post
I don't think they can shut it down. Liberty Reserve was centralized and they were not licensed the way they should have been. But Bitcoin is spread out worldwide with the "blockchain".

So, the government could probably declare Bitcoin ILLEGAL if they wanted to, but I don't see how they could stop it.
In the United States highly unlikely. They US Marshall service already auctioned off some of the Bitcoin seized from the Silk Road shutdown. Which by defacto says that it is legal to own. If anything there could be more regulation.
Reply With Quote
  #15  
Old 07-18-2015
Executive [VIP]
Threadstarter  
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by yankee View Post
any good articles or website suggestions volgetron so I can get a better grasp of how all this works?
I would say this is probably the best video I have seen with regards to explaining how Bitcoin works.

Reply With Quote
The Following 3 Users Say Thank You to vogeltron For This Useful Post:
eduardwick (01-31-2016), rsot (07-18-2015), yankee (07-18-2015)
  #16  
Old 07-18-2015
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,135
Thanks: 1,107
Thanked 4,802 Times in 3,327 Posts
Activity: 25%
Longevity: 71%
iTrader: (4)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

I've received bitcoin for a lower price and sold it for 3x the original receiving price....Not bad.
Reply With Quote
  #17  
Old 07-18-2015
Senior Member
 
Join Date: Jul 2014
Posts: 889
Thanks: 136
Thanked 297 Times in 198 Posts
Activity: 5%
Longevity: 40%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

I traded them for a bit a couple of years, was loads of arbitrage chances before everyone was so hot on it. I think its a joke personally as a alternative form of currency, as soon as it gets popular in a country a government can just ban it like they did in China.
People moan about banks with insider trading etc but crypto currency is much easier for people to manipulate
Reply With Quote
  #18  
Old 07-18-2015
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,639
Thanks: 4,581
Thanked 7,019 Times in 6,393 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

1 Bitcoin equals
277.59 US Dollar

The fluctuation is huge when you look at 2014 until now.
Reply With Quote
  #19  
Old 07-19-2015
Executive [VIP]
Threadstarter  
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by dan_ebay View Post
I traded them for a bit a couple of years, was loads of arbitrage chances before everyone was so hot on it. I think its a joke personally as a alternative form of currency, as soon as it gets popular in a country a government can just ban it like they did in China.
People moan about banks with insider trading etc but crypto currency is much easier for people to manipulate
China hasn't banned Bitcoin they have however banned Financial institutions from being involved in Bitcoin. Some of largest Bitcoin mines are in China.

Personally without wide adoption anything is susceptible to huge volatility. I do think the Block-Chain technology is changing the future of finance. Fintech is about the hottest thing on earth with regards to VC funding. Especially in the UK London and Isle of man are huge on it.
Reply With Quote
  #20  
Old 07-23-2015
Subscribed [VIP]
 
Join Date: Jun 2015
Posts: 206
Thanks: 177
Thanked 43 Times in 28 Posts
Activity: 1%
Longevity: 32%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Just saw this an thought i had to post.

i'd hate to toot my own horn but i'd consider myself an "expert" in this field lol . I dont mine bitcoin but instead altcoins such as litecoin and ethereum eventually upon its release

To answer a previous post yes you can convert funds from Paypal into bitcoin without involving a bank.

Why would you want to do this?

its untraceable if utilized with stealth and all the perks that come with that i wont mention.

the process is simple:

EBay => Paypal => sll (virtual currency) => bitcoin

With the current instability of the world economy in general (mainly due to fiat money and the sub prime loan epidemic) im an advocate of putting y
our money in something physical that has intrinsic value aka Gold, which you can purchase with bitcoin via a site called bitgold.com.

EBay => Paypal => sll (virtual currency) => bitcoin => Bitgold (gold) [now your moneys safe]

Just a heads up for when the us economy crashes and the usd is worthless and thus u americans adopt the amero and link it to the euro. (spelling world apocalypse)

Finally why dont people accept paypal as a payment for bitcoin?

The reason most bitcoin sellers dont like to sell coins via paypal is because a seller can simply do a chargeback and claim they didn't receive anything.

Is Bitcoin stable?

short answer is No, but its the most stable its ever been holding steady at around 1BTC per $250 / 180.

Why?

Because more and more major ecommerce sites and vendors are adopting it example microsoft and Newegg.

Should you mine it?

no....... unless you have a couple hundred thousand to spend on equipment. The time has gone for mining bitcoin but the next big thing is right around the corner. ETHEREUM!!! (new altcoin yet to be released) <<<<< research

Feel free to ignore this but i felt like posting

Last edited by Trustfund; 07-23-2015 at 06:27 PM.
Reply With Quote
The Following User Says Thank You to Trustfund For This Useful Post:
eduardwick (01-31-2016)
  #21  
Old 07-23-2015
Subscribed [VIP]
 
Join Date: Jun 2015
Posts: 40
Thanks: 0
Thanked 6 Times in 6 Posts
Activity: 0%
Longevity: 32%
iTrader: (0)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Bitcoin is certianly useful and seems to be accepted by more and more private users and companies by the day! Here is the Bitcoin wallet that I use...its completely free and instant!

https://blockchain.info/wallet
Reply With Quote
  #22  
Old 07-23-2015
bjammin's Avatar
Executive [VIP]
 
Join Date: May 2013
Posts: 2,151
Thanks: 391
Thanked 707 Times in 443 Posts
Activity: 6%
Longevity: 49%
iTrader: (75)
Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

Quote:
Originally Posted by unkown5454 View Post
i love it, just hate the volatility. it's a huge gamble and only for those who have money they are willing to lose, either by the price of coins falling into hell or just waking up one day to find all of your coins have been stolen.
I love the volatility!
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ebay to allow Bitcoin... BigCJ eBay News 32 06-08-2014 10:43 PM
Bitmit -- bitcoin marketplace Jonas Other Auction Sites 5 10-04-2012 03:27 AM


Aspkin Group

All times are GMT -5. The time now is 02:09 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts