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  • BFG's picture
  • ADM
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  • Bitcoins

  • BFG   •   Wed, Apr 10th, '13 06:27   •   16 replies, 3185 views

I do not plan on using or buying them.
33% (450 votes)
Not using, but I plan to in the future.
11% (151 votes)
I have used BTC to buy products.
13% (174 votes)
I trade!
2% (23 votes)
I'm a hoarder
1% (18 votes)
I don't understand bitcoins.
40% (545 votes)
Total votes: 1361

Comments

  • Weezel's picture
  • LVL1
  • 98
 
  • Weezel
  • 10 months ago

BITCOINS(BTC) vs MONEYGRAM(MG):

MG: you'll usually get a notice in 24-48 hours that payment has been picked up and then wait an additional 24-48 hours of product shipment. Lets just say that took Four days to receive the funds and send out your product. Now you wait for it arrive.

BTC: Once you send your coins, usually I get a notice within 2 hours that payment has been received (I'm sure everyone's time is different). Product ships within 12-24 hours from that time. Vitamin S generally arrives in 5 days. And leaves me smiling from ear to ear.

Bitcoins have been increasing day by day. Stock up! Your $10 of bitcoins now, can be worth $12.50 3 days later. Its so much easier, all can be done in the convenience of your home: on a computer, tablet or phone.

Download a bitcoin wallet, buy coins using your debit card or transfer funds from you account.
Once you buy the amount of coins you need, just send them on over to the receiver. Usually takes no more than 2 minutes for the whole process. It goes into their wallet instantly, so once they see it. Done deal.

I know I was slightly vague but hopefully that helped!.

  • smoore's picture
  • REG
  • 25
 
  • smoore
  • 10 months ago

I would rather use btc than go to wire money to someone. Wu and mg suck. They ask to many ? and sometimes deny your transfer. With btc they don't give a shit were you send your money. Much easier and safer. To bad everyone doesn't except them.

  • JuiceFreak's picture
  • BAN
  • 28
 
  • JuiceFreak
  • 4 years ago

Ok people remember back in the 1980's when shares of Microsoft were selling for 1000 per share
then 10 years later that same 1 share was worth 777k this is what bit coins are they are at 130 per bit-coin right now and consider that a steal with in 5 years they will be over 1000 per share i invested 5000 of my tax return last year and have made a few bucks if you want your money to work for you this is one of those situations you cant let pass you anyways just my point of view

  • eire's picture
  • REG
  • 34
 
  • eire
  • 4 years ago

Uggghh bit coins..

Unfortunately this is the rout we may have to go down in the future...

Tried to use em before on silk road but couldn't understand what the fuck to do.

Think id just go back to buying gear in the gym. I can actually get it there at pretty decent prices and well known labs as im freinds with quite a few top amatures from my country so meh

  • AlmostFamous's picture
  • REG
  • 27
 
  • AlmostFamous
  • 4 years ago

I have no problems with buying bitcoins for the purpose of investing/gambling, but I don't want to take the extra risk purchasing bitcoins for the sole purpose of buying gear.

  • Coconut's picture
  • LVL3
  • 297
 
  • Coconut
  • 4 years ago

Buy just enough in bitcoins to pay order but wait over night due to website issues and possible cancelations 24hr deadline at 7:00 a.m. Wake up short $5 WTF and I'm late for work!! Refreshing every sec to see fluctuation in market bam 6:58 a.m. Worth .50 more than wat I need transaction sent. recieved goods 3 days later epic fail averted

  • jimmie's picture
  • LVL2
  • 129
 
  • jimmie
  • 4 years ago

I'm all set with gambling on buying "currency" with dramatically fluctuating value.

  • Romanbrand's picture
  • BAN
  • 139
 
  • Romanbrand
  • 4 years ago

Be very careful with bitcoins, it does have ups and downs just like the stock market. I Bought bitcoins (1.30 for $182.00) and three days later when the money was deposited into my account the bitcoin market had drop dramatically and my 1.30 bitcoins were then worth $122.00! WTF!!! They went back up and stablized around like $150.00 but I still lost $30.00 and was pissed off!!

Watch the market for a couple days and see what is high and low before you buy because just like you can lose, you can also gain money if you bought at a lower price. I'll use Bitcoins again but only buy instant bitcoins.

  • Kazaa's picture
  • REG
  • 10
 
  • Kazaa
  • 4 years ago

The only slow process with bitcoins is the buying of them. You can't really buy them with creditcard or paypal, unless you use something like wirvox, which is a bit annoying with the insert EUR or $$$, buy SSL from EUR or $$$, buy bitcoins with SSL.. Each step with a commission to virwox :-/

Otherwise the bitcoin network is awesome.. Fast and pretty secure.. Have used it on Silk road.

  • hyphy_beast's picture
  • LVL1
  • 67
 
  • hyphy_beast
  • 4 years ago
  • @Kazaa

Silk road doesn't exist anymore does it?

  • TONYPERKIS's picture
  • BAN
  • 60
 

The Silk Road is no longer available. Try BLACK MARKET RELOADED . COM ... its still pretty schetchy..most of the sources on there have little or no credibility...but its worth a shot i guess

  • Kazaa's picture
  • REG
  • 10
 

Silk road is up and running strong. It was DDos'ed for a while which put it offline. Expensive, but good place for benzoes and stuff..

  • Romanbrand's picture
  • BAN
  • 139
 
  • Romanbrand
  • 4 years ago
  • @Kazaa

Hey man, you can actually buy them as "Instant" coins, next time I will use (https://www.bitinstant.com) I have not used them yet so if you decide to look into them do your research. And yes you can buy them with a credit/debit card, I did with another service, didn't have to leave home lol.

  • Kazaa's picture
  • REG
  • 10
 

Bitinstant seems good. They use bank transfer mostly but seems to be a fast service.
The buying fees are a bit high though.

  • alexg554's picture
  • REG
  • 21
 
  • alexg554
  • 4 years ago

In to help, PM me if you need any help understanding how to use bitcoins (BTC)

  • BFG's picture
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