posted Thu, 10/17/2013 - 08:07
721
Bitcoin: Safe? Pros and Cons?
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Hey so I see Bitcoin is a payment method, but I am unfamiliar with it. I usually use paypal for my online purchases. I was reading about it a little on the bitcoin website and some things seemed a little concerning. So to all that ARE familiar with it can you please tell me if it is safe, possibly some pros and cons. Any recomendations are welcome!! Thank you!
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This is a lil of topic but, online is extremely new to me, I've done reaserch after research and think I have some sources I def like. My problem is I'm going on what I read from other peoples post and online info and when I see one little bad remark it freaks me out. I guess that's because like I said I'm new to online. My buddy that was helping me train and learn moved pretty far so I had to start checking it out for myself, plus it doesn't hurt to know exactly where and how it all works. Sorry if alI that's confusing. I guess in short I'm asking if there is any experienced vet that could...I don't want to use mentor but ya no help guide me in the right path, learn the ropes of online I would owe you big. I just know myself and I'll take another three years to make up my mind lol and decide on sources and payments all that good stuff. Sorry if that is kinda confusing I'm just getting really frustrated and when I do commit I like to have everything good and ready so it's as fast and smoth as possible. So far I love this furom and everyone has been awsome and very helpful so thank you All for that. I wasn't sure at first how friendly people are on here and it took me a while to join but def. Worth it thanks again!
High risk at the moment with a fair bit of attention on it. If you are going to buy and spend - do it very quickly....unless it gets adopted by the mainstream banking community I see this currency being Banned. As soon as any online betting company / any business which can generate significant revenue adopts this.......it will get attention and more than likely be curtailed.
Not worth the risk and tbh there are plent of ways to pay now.
I have a question what if from the time i purchase a set amount of bitcoins into my wallet the price value dramatically drops. Will the vendor (any vendor for that matter)I am purchasing from still stick to the original price of what the bitcoins were worth?
There is a delay when getting money from my account to my btc wallet of about a week,
That is why I ask this.
What if the opposite occurs and the value of bitcoins dramatically increases in the time from my bank to btc wallet transfer?
Safety of info I was a little concerned when it said its all public records.