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- - Why would I want to buy bitcoin? (https://www.aspkin.com/forums/everything-else/128542-why-would-i-want-buy-bitcoin.html)

starengine

08-05-2019 08:22 AM

Why would I want to buy bitcoin?

I see many services selling some sort of bitcoin buying?

Can someone clarify why I would want this?
I kinda know why...
But thought it would be better to get an answer from you guys.
Thanks.

just_smile

08-05-2019 08:35 AM

Re: Why would I want to buy bitcoin?

The people offering these services are making money trading bitcoin.

People buy it for any number of reasons.I'd suggest most people buy it to hodl it and sell at a later date for more money than they bought it.

WEI	08-05-2019 08:42 AM

Re: Why would I want to buy bitcoin?

It's one of the easiest ways to cash out from stealth PayPal accounts.

coinzak

08-05-2019 08:44 AM

Re: Why would I want to buy bitcoin?

And Bitcoin rocks!

starengine

08-05-2019 08:58 AM

Re: Why would I want to buy bitcoin?

I see :)
I saw one ad charging 17%
Ouch.
That's a lot!?

rsot	08-05-2019 09:00 AM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by starengine (Post 1024133)

I see :)
I saw one ad charging 17%
Ouch.
That's a lot!?

That's right - there is a higher fee to deal with this - depending on seller

phaz0rz

08-05-2019 09:26 AM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by starengine (Post 1024133)

I see :)
I saw one ad charging 17%
Ouch.
That's a lot!?

They charge high fees because it's very risky selling bitcoin in exchange for stealth Paypal balances (where the $ could have come from anywhere). High commission is due to very high risk, and because the sellers know the service will still sell despite the high fee since it's not available anywhere else on the internet.

Most using bitcoin to actually buy things are buying drugs on the dark net, period. Most buying bitcoin on this forum are doing so purely as a way to get money out of Paypals with no bank/card to withdraw to, then either spending on the dark net or converting to fiat currency from there.

Play	08-05-2019 09:30 AM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by starengine (Post 1024110)

I see many services selling some sort of bitcoin buying?

Can someone clarify why I would want this?
I kinda know why...
But thought it would be better to get an answer from you guys.
Thanks.

Its just another currency. If you need to ask, you probably don't need it for your business.

WEI	08-05-2019 06:36 PM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by starengine (Post 1024133)

I see :)
I saw one ad charging 17%
Ouch.
That's a lot!?

Nope, the charge is just right and reasonable. I see some charging 20%
But guess what, they've got returning buyers :FF:

nickopedia

08-06-2019 02:37 AM

Re: Why would I want to buy bitcoin?

Some people like bitcoin because of it's flexibility for transactions that are as good, or better than cash. That is, a transaction that can't be reversed and is settled quickly.

The main reason scammers also prefer crypto. Most other forms of Payment are not as absolute or can be reversed. Hence, why it's considered high risk.

LimitedbyEbay

08-06-2019 05:03 AM

Re: Why would I want to buy bitcoin?

I would think it's protecting sellers against iresponsible buyers crying and moaning for a refund?

rsot	08-06-2019 07:49 AM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by tinsoldier (Post 1024365)

No it doesn't , they're charging a flat rate and whatever they're trading at at any given point. If they varies their fee from minute to minute then that would be different.

On a fixed flat rate it's simply the cut they want, nothing more than that.

True point.

starengine

08-06-2019 05:59 PM

Re: Why would I want to buy bitcoin?

I'm lost.
People are willing to give away 20%?
WOW!

They must be doing criminal activities and be really large scale.

WEI	08-07-2019 03:45 AM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by starengine (Post 1024500)

I'm lost.
People are willing to give away 20%?
WOW!

They must be doing criminal activities and be really large scale.

I'am more than willing to do more than 20% as long as i can cash-out my paypal funds out of stealth accounts without banks :FF:

nerickson

08-07-2019 04:49 PM

Re: Why would I want to buy bitcoin?

I've done it. I would recommend it for sure

coinzak

08-07-2019 07:41 PM

Re: Why would I want to buy bitcoin?

Quote:

Originally Posted by nerickson (Post 1024807)

I've done it. I would recommend it for sure

Whom did you buy it?

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