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| 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. |
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. |
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? |
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: |
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. |
Re: Paypal - Purchasing Bitcoins?
be proud be pro |
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? |
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. |
| danshan | 08-28-2014 03:23 PM |
Re: Paypal - Purchasing Bitcoins?
No it only works with amazon |
| vogeltron | 08-29-2014 06:19 AM |
Re: Paypal - Purchasing Bitcoins?
The Block Chain is changing the world. GO freaking figure some computer nerd pissed off at central bankers coming up with this stuff. Unbelievable the global phenomenon Cyrpto Currencies have become. |
| danshan | 08-29-2014 08:49 AM |
Re: Paypal - Purchasing Bitcoins?
What I love is the no issues. No chargebacks not a ton of questions, no limits and ship whatever you buy or sell anywhere. What I hate is it is not cash still needs to be converted to get cash. For trusted sources the best think ever for non trusted sources not even an option. Too extreme |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by vogeltron
(Post 583313)
The Block Chain is changing the world. GO freaking figure some computer nerd pissed off at central bankers coming up with this stuff. Unbelievable the global phenomenon Cyrpto Currencies have become.
| Scary some forumites vogeltron... |
| vogeltron | 08-30-2014 02:03 AM |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by danshan
(Post 583359)
What I love is the no issues. No chargebacks not a ton of questions, no limits and ship whatever you buy or sell anywhere. What I hate is it is not cash still needs to be converted to get cash. For trusted sources the best think ever for non trusted sources not even an option. Too extreme
| Its the extreme volatility that can be troubling. As the network grows I would imagine that it will become less volatile. |
| danshan | 08-30-2014 08:56 AM |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by vogeltron
(Post 583540)
Its the extreme volatility that can be troubling. As the network grows I would imagine that it will become less volatile.
| If you invest in them yes can be an issue but not when use them as a payment method. I use coinbase and as soon as I have its converted to fiat at the current rate. |
Re: Paypal - Purchasing Bitcoins?
|
| vogeltron | 09-03-2014 03:35 AM |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by danshan
(Post 583630)
If you invest in them yes can be an issue but not when use them as a payment method. I use coinbase and as soon as I have its converted to fiat at the current rate.
| In my personal opinion, I don't know if Bitcoin will be the the one who outlasts the rest. However, the Block Chain and Cyrpto is already starting to change the world. Unreal. |
Re: Paypal - Purchasing Bitcoins?
Haven't heard a ton about Crypto... |
Re: Paypal - Purchasing Bitcoins?
Used to buy BTC with PP, ends up being expensive. Better ways to cash out |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by sax4
(Post 584807)
Used to buy BTC with PP, ends up being expensive. Better ways to cash out
| Wonder if the mining of BTC market is still good |
| danshan | 09-03-2014 07:52 AM |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by sax4
(Post 584807)
Used to buy BTC with PP, ends up being expensive. Better ways to cash out
| Like how? For these international guys with no access to us accts |
| JamesNorth101 | 09-03-2014 07:55 AM |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by rsot
(Post 584829)
Wonder if the mining of BTC market is still good
| Not as good as it was a few years back.
Need dedicated equipment now. Used to be able to do it with just laptop. |
| danshan | 09-03-2014 07:57 AM |
Re: Paypal - Purchasing Bitcoins?
The mining game is over even for alt currency. The electricity being used today for mining is unreal. Mining made sense when btc had speculative value. |
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by danshan
(Post 584877)
The mining game is over even for alt currency. The electricity being used today for mining is unreal. Mining made sense when btc had speculative value.
| I thought about doing it in my country where the electricity is dirt cheap, my bill is usually around $3-4 a month |
| danshan | 09-03-2014 09:23 AM |
Re: Paypal - Purchasing Bitcoins?
|
Re: Paypal - Purchasing Bitcoins?
Quote:
Originally Posted by danshan
(Post 584877)
The mining game is over even for alt currency. The electricity being used today for mining is unreal. Mining made sense when btc had speculative value.
| But 1 BTC is worth quite a chunk of USD these days...or is it because the mining option is exhausted? |
| danshan | 09-03-2014 09:47 AM |
Re: Paypal - Purchasing Bitcoins?
The mining difficulty is so high in order to make any btc you need to be burning a couple thousand watts to make any btc |
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