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-   -   Paypal - Purchasing Bitcoins? (https://www.aspkin.com/forums/everything-else/76683-paypal-purchasing-bitcoins.html)

RetroRedneck 08-23-2014 10:20 AM

Paypal - Purchasing Bitcoins?
 
Anyone try to buy Bitcoins with a stealth PP account? If so, how did it it go?

danshan 08-23-2014 12:11 PM

Re: Paypal - Purchasing Bitcoins?
 
I do it everyday and I also sell them with paypal. the premium can be horrible on the price but it can be done easily. I also use purse.io for amazon stuff I need save an avg of about 25 percent off the amazon price.

kiwp 08-23-2014 12:17 PM

Re: Paypal - Purchasing Bitcoins?
 
i have some bitcoins? could anyone tell me why bitcoin is good , i have 120 bitcoins but shall i sell them or keep them or buy more bitcoins are they any good. i know its bitcoiins wallet like paypal and few sites accepting them know but i dont know the advantage having them

danshan 08-23-2014 12:18 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by kiwp (Post 580909)
i have some bitcoins? could anyone tell me why bitcoin is good , i have 120 bitcoins but shall i sell them or keep them or buy more bitcoins are they any good. i know its bitcoiins wallet like paypal and few sites accepting them know but i dont know the advantage having them

you have 120 btc that is a chunk of change in bitcoin holy smoke! I am holding mainly now but I use them for stuff like expedia and overstock.

kiwp 08-23-2014 12:24 PM

Re: Paypal - Purchasing Bitcoins?
 
oki. so shall i keep them or sell them. what is the advantage having them better price when i sell them?

RetroRedneck 08-23-2014 12:46 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by kiwp (Post 580919)
oki. so shall i keep them or sell them. what is the advantage having them better price when i sell them?

Well the value goes up & down, but make sure you: a) get the best price; b) don't get conned/burnt in a transaction. Anyway, that's a nice amount of virtual currency though!

I remember back in the day when survey companies were giving these out like confetti. Of course, no one was interested and treated it as a joke currency! :rolleyes:

Btw, there's a free Bitcoin class over at Udemy.com (not sure if I can paste the link?).

danshan 08-23-2014 01:05 PM

Re: Paypal - Purchasing Bitcoins?
 
go to btc.sx with 120 btc leveraged you can make 2btc for each dollar movement in the price. I trade on there all the time sometimes win sometimes lose! but with 120 leveraged you can make a 1000 bucks a point that is crazy money

halotrial 08-26-2014 06:50 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by kiwp (Post 580909)
i have some bitcoins? could anyone tell me why bitcoin is good , i have 120 bitcoins but shall i sell them or keep them or buy more bitcoins are they any good. i know its bitcoiins wallet like paypal and few sites accepting them know but i dont know the advantage having them

Can I have one BTC LOL


Unfortunately, I lost everything on a bad trade. Had a tipper screw me over. It's been 7 months and I'm still waiting for it to come up since it's not worth **** anymore.

jeffweico 08-26-2014 07:35 PM

Re: Paypal - Purchasing Bitcoins?
 
Wow. If you have 120 Bitcoins, that IS a lot of money! Years ago, they were going for $4 or $5 each. But now, the price of each Bitcoin is now $514.

120 x 514 = $61,680

DMSHARK - Thanks for the tip about purse.io - I have no problem using them to save money on Amazon. I buy a ton of stuff on Amazon!

nodeal 08-27-2014 02:02 AM

Re: Paypal - Purchasing Bitcoins?
 
you can buy bit coin with paypal, but how is it getting the bit coin into cash? - or do you guys just hold the bit coin? sounds risky?? anybody care to delve a little deeper?

rsot 08-27-2014 03:43 AM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by nodeal (Post 582360)
you can buy bit coin with paypal, but how is it getting the bit coin into cash? - or do you guys just hold the bit coin? sounds risky?? anybody care to delve a little deeper?

Udemy.com seems to have quite the info to start

vogeltron 08-27-2014 05:06 AM

Re: Paypal - Purchasing Bitcoins?
 
I don't own any bitcoins. But I love Watching the Keiser Report and Max Keiser talk about Bitcoin. Wish I had a retail website I would use bitcoin on coinbase.

mercurial333 08-27-2014 08:54 AM

Re: Paypal - Purchasing Bitcoins?
 
Purse.io, could somebody explain that a bit in layman terms.

Watched the video, still a bit confusing tho.

Belfast 08-27-2014 11:43 AM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by mercurial333 (Post 582490)
Purse.io, could somebody explain that a bit in layman terms.

Watched the video, still a bit confusing tho.

Thought I was the only one, it's a terrible video.

From what I can understand you are simply purchasing something off amazon and having it delivered to someone else who in turn pays you BTC.

If that's the case I wonder how they combat CC fraud?

:ranger:

rsot 08-27-2014 01:35 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by Belfast (Post 582532)
Thought I was the only one, it's a terrible video.

From what I can understand you are simply purchasing something off amazon and having it delivered to someone else who in turn pays you BTC.

If that's the case I wonder how they combat CC fraud?

:ranger:

Difficult to combat when the currency is virtual...

danshan 08-27-2014 01:37 PM

Re: Paypal - Purchasing Bitcoins?
 
Purse.io is awesome you add stuff to your cart and share your cart with purse.io someone buys your amazon order and you pay them in btc

vogeltron 08-27-2014 01:43 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by rsot (Post 582559)
Difficult to combat when the currency is virtual...

When using Bitcoins, everything all purchases are recorded publicly on the Block Chain. This network of huge computers record the transactions by solving algorithms known as "hasing". There are no charge backs on bitcoins.

kiwp 08-27-2014 02:55 PM

Re: Paypal - Purchasing Bitcoins?
 
be proud be pro

kiwp 08-27-2014 02:56 PM

Re: Paypal - Purchasing Bitcoins?
 
i am on block chain the most reliable one i must say

danshan 08-27-2014 02:56 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by kiwp (Post 582584)
i am on block chain the most reliable one i must say

What do you mean?

kiwp 08-27-2014 02:57 PM

Re: Paypal - Purchasing Bitcoins?
 
Quote:

Originally Posted by vogeltron (Post 582425)
I don't own any bitcoins. But I love Watching the Keiser Report and Max Keiser talk about Bitcoin. Wish I had a retail website I would use bitcoin on coinbase.

haha keisier report :PPP like to watch

mercurial333 08-28-2014 03:22 PM

Re: Paypal - Purchasing Bitcoins?
 
So purse.io, can you buy bitcoins with Paypal, only mentions CC on their site.


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