bitcoin

Discussion in 'Betting and Gambling' started by shelfboy68, Dec 18, 2015.

  1. shelfboy68

    shelfboy68 Well-Known Member

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    Was wondering if anyone knows how to Pay with and use bit coin as i have Not a fucking clue.
    I have downloaded an app from playstore to try and pay for a subscription, but unlike PayPal which pays for an item then withdraws from from an already Set up Account.
    But this seems to be cyber payment in which i cant see how and where you Pay.
     
  2. Houdini

    Houdini No better cure for the blues than some good pussy.

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    Not a clue!
     
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  3. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Where do you want to use it? Do you already own some Bitcoin?
     
  4. @Bobby__Lucky

    @Bobby__Lucky Well-Known Member

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    Thought it was like a file transfer. A mate was using Bitcoin to purchase the odd bit of nice green from LA and used Bitcoin to pay on the silk road site. However he found obtaining Bitcoin increasingly difficult and ended up meeting some dude in an estate in Hackney to do a deal.

    It is the invention or is backed by the twins who sued mark zickerburg as per 'the social network' film. I don't think governments and banks want it to succeed. People have bought cars and notably a brand new Lamborghini with but coin.
     
  5. Geyzer Soze

    Geyzer Soze Fearlessly the idiot faced the crowd

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    I used to use it - traded for them on a platform called Mt Gox, but they went bust.

    There will be other trading platforms where you can buy them, but I don't know which is the easiest

    It's not a super easy process the first time
     
  6. KentuckyYid

    KentuckyYid *Eyes That See*

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    I actually know quite a lot of people involved in the cryptocurrency community. It's not really my bag although I was the very first person in the state of California to buy Bitcoin from the first Bitcoin ATM in CA. I just happened to be there as it was about to go live and knew the guy operating the machine.

    I have small amounts of a few different cryptocurrencies although Bitcoin was the only one I actually purchased. The rest I got for free mostly for being among the first people to sign up for it. Right now with the surge in competition I'm not sure if investing in Bitcoin is currently a good idea. There are newer and IMO better blockchain technologies. My bet would be on Ethereum winning out although I might be slightly biased there.

    If any of you are thinking about investing definitely consider spreading the investment among different coins. There's at least ten in with a shot of proving to be a great longer term investment.

    You can compare some of their pricing info here https://www.cryptocompare.com/

    If you do buy any remember to keep everything safe with several backups or you could end up losing them all.
     
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  7. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Yeah I would agree with much of this - some of the places to purchase Bitcoin that I have used include coinbase and bittylicious - there are a ton of trading platforms you can register with. Right now Bitcoin is at a crossroads and there is a lot of uncertainty about it's future - personally I still think it will grow and become a big player in finance but the likes of Ethereum will push it all the way and there will be other new and improved technologies that will be introduced over time no doubt. So proceed with care and do not invest more than you are willing to lose - right now it is a lottery.
     
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  8. Julia Taylor

    Julia Taylor New Member

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    May I know why do you want to use bitcoin? So far, I think bitcoin is not widely accepted. So, paypal is better, I think.
     
  9. yankspurs

    yankspurs "We're not a selling club"

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    What the fuck is a bitcoin or cyber currency? I am completely baffled by that crap. Give the the dollar and actual paper(or plastic) and im good. None of this complicated cyber crap that no one accepts besides deep web schmucks.
     
  10. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Bitcoin has flown past $2000 in the past day or two.

    If you had bought $100 of bitcoin 7 years ago it would now be worth.. wait for it... $72.9 million.
     
    Last edited: May 22, 2017
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  11. Geyzer Soze

    Geyzer Soze Fearlessly the idiot faced the crowd

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    I wish I still had my 1000 odd bitcoin bought in 2011/12 at just over $1 that Mt Gox 'ate' :/

    The hazards of early adoption.

    Still. I'm investing heavily in it & related tech at the moment nonetheless & making a killing tbh
     
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  12. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Woah you had that many!? Bloody hell mate. I have a very small amount and also have a small amount of an alt coin which is doing ok also. Not big amounts of cash really but i'm currently about 400% of the value of my initial investment which you can't complain about. That said, if bitcoin goes properly mental ($50k +) I'll be raking it in.
     
  13. Geyzer Soze

    Geyzer Soze Fearlessly the idiot faced the crowd

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    Well yeah, back in the day when they were pretty much on parity to the dollar, yeah. 2011 or so. Lost it at Mt Gox when they went bust, still wasn't worth more than a few grand so wasn't too bothered. It's signifiant now though if you extrapolate! Lol
     
  14. ItsBoris

    ItsBoris Well-Known Member

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    Haha wish I would have seen this post and bought Etherium at the time haha. It was worth around $10 when you posted this, now worth $160 lol. I'm still thinking about buying some, but I wouldn't be surprised if all the cryptocurrencies are in a bit of a bubble right now and come back down to Earth a bit.
     
  15. absolute bobbins

    absolute bobbins Vous Êtes Des Assassins

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    You're probably better off investing in Blockchain if you think that's the case
     
  16. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    Hindsight is painful lol. Mind you it could easily go up to $300-400
     
  17. ItsBoris

    ItsBoris Well-Known Member

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    How would you invest in blockchain without buying some kind of cryptocurrency?

    Also it seems like some of the newer cryptocurrencies use better technology than bitcoin (ethereum as far as I know), which to me suggests that over time bitcoin will lose out to those better cryptocurrencies. Why own bitcoin when there are better alternatives?
     
  18. Geyzer Soze

    Geyzer Soze Fearlessly the idiot faced the crowd

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    They're different things. Blockchain is the technology which happens to underpin Bitcoin, but it has many other applications

    I'm sure there is space for a few different crypto currencies, as per different regular currencies - but yeah Etherium is outperforming bitcoin

    http://www.investopedia.com/news/un...m&utm_medium=social&utm_campaign=fb_main_page
     
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  19. absolute bobbins

    absolute bobbins Vous Êtes Des Assassins

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    As @Geyzer Soze said, it's the underlying technology and it's a huge deal.

    https://venturebeat.com/tag/blockchain/

    Is a good source to get and stay in the know
     
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  20. ItsBoris

    ItsBoris Well-Known Member

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    Yeah I know, but I don't know of any investments you could make into blockchain specifically without buying bitcoin or some other alt coin.
     

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