• BFG's picture
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  • Bitcoins

  • BFG   •   Tue, Nov 14th, '17 06:00   •   47 replies, 2576 views

I don't plan on using or buying Bitcoins
27% (488 votes)
Not using, but plan to in the future
8% (145 votes)
I've used Bitcoins to buy products
36% (648 votes)
I trade
4% (77 votes)
I'm a horder
3% (52 votes)
I don't understand Bitcoins
22% (393 votes)
Total votes: 1803

Comments

  • Jphilly215's picture
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  • BASIC
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  • Jphilly215
  • 1 week ago

Bitcoins can be confusing at first . But it's really not that bad . Coinbase is very simple to use and transfer your coin . I'd get a wallet separate from them like electrum. That way it's no one's business where you spend money be it normal Web or dark Web. I know places like coin base don't like that stuff .

  • AnalAssassin's picture
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  • 1
 
  • AnalAssassin
  • 4 weeks ago

I have bought bitcoin a few times, and have had an account on Coinbase. Just know that if you are planning on using Coinbase as your main wallet, you will more than likely be hit with a hold of about two weeks before you can send any cryptocurrency you purchased, this is until you have purchased from them multiple times. After you have purchased from Coinbase, send it to another wallet because if Coinbase sees that you are sending it from their services to an account that they deem to be bad, they will turn you into the authorities and will freeze your account. Look into their terms are services. I personally use blockchain as my wallet after I purchase from Coinbase. Once you have your currency in your blockchain wallet you will be fine to send it to any supplier. Good luck!

  • Judd79's picture
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  • 21
 
  • Judd79
  • 2 months ago

It's not obligatory to have a wallet where to store bitcoins..
You can open an account for example on an exchange where you can buy cryptos for money like Coinbase and once you are verified (sending a picture with your id) you can send money to you account and start trading.
There you can store your bitcoins/ethereums/litecoins or jut buy the amount you need and send to wherever you want.
I thought it wasn't easy at the begin but once you start it's very easy. Have a try and come to thank me later ;p
Ps. for horder you mean "holder" ? :D

  • Mega Steroids's picture
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  • Mega Steroids
  • 2 months ago

There are some alternatives also https://www.youtube.com/watch?v=ECXfy1c1b9g

  • Beast1988's picture
  • REG
  • 19
 
  • Beast1988
  • 3 months ago

It's extremely easy now to buy and use crypto. Download "cash app" to buy the bitcoin and you can use "enjinwallet" to store lots of different coins in one wallet. After you buy the coins send themto your source and store the extra in the wallet. Done.

  • BeastMoDe33's picture
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Help me then lol its confusing

  • GaryNichols's picture
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  • GaryNichols
  • 4 months ago

I’m one of the 22% in the poll who don’t really understand Bitcoin. I would like to use it to buy from suppliers on here but there are too many wallets, etc and I have no clue which to go with. They all seem to take different payment methods and many of the sites seem shady.

  • swoller87's picture
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blockchain is the best wallet in my opinion...never one issue with it and I do believe its the original and best?

  • swoller87's picture
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  • swoller87
  • 3 months ago

A lot of people cant have bank accounts? I cant ever have a bank account? Its became very expienseve to buy btc for me. Cheaper to send other ways. For example my local BTC atm charges 100$ so if I get 200$ I'm only getting 100$ in BTC. Its getting too ridiculous. If you didn't get in early and cash in your too late. Pyramid scheme in the long run but will see. And lets be honest most people are not rich or even middle class so 100$ is a lot to them I know its really not but when u have kids and bills and child support and no trust fund or land from mommy and daddy and no real help? Its just not realistic.

I would like to add that btc has gotten easier and cheaper here laltey paying 100 for 85 to 90$ worth of btc. So not to bad I wish it wasn't so much of a fee but hey its no different than MG or WU fees ive paid 35$ to send money. So I guess I cant complain anymore.

  • robxl12321's picture
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  • 311
 

I was about to day mine is only 6 dollars on every 100 I use nothing but bitcoin anymore

  • Jeckllnhyde's picture
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  • Jeckllnhyde
  • 8 months ago

Are more suppliers going with bitcoin? It makes sense if they do

  • Liquidz's picture
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  • Liquidz
  • 8 months ago

Taking a huge hit atm after that unrealistic peak.
Didn't Japan drop bitcoin after an untraceable heist?
I'll stick to cash

  • Mr.Asteroids's picture
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  • -10
 
  • Mr.Asteroids
  • 9 months ago

BitCoins is good to buy/sell pharma products. But BitCoin is trackable cryptocurrency and there is more other famous cryptocurrency which is more anonymous like Dash,Zcash, Monero and etc. Wish to use them instead of BitCoins, but it's very difficult right now cause 99% of all sources currently not accept them as a payment method. Really hope they will.

  • AlwaysKookin's picture
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  • 71
 

Exactly. Dash, Monero, Zcash are all great anonymous methods to pay and very established cryptos.

I trade daily on multiple crypto exchanges. If any sources have any questions about cryptos or need help setting up ways to accept payment for multiple cryptos, as well as investing those funds as they will appreciate greatly, hit me up. I'm not law enforcement and can verify any way you'd like and I won't ever ask for any information that could ever be in the least bit personal. Just happy to help out sources as I've gained a ton from the eroids community over the years.

  • eclipse35's picture
  • REG
  • 42
 
  • eclipse35
  • 10 months ago

I swear I have done a lot of research but I have a question or two about using Bitcoin for making donations to sources on here. Would anyone be willing to help explain some things to me?

  • BFG's picture
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For those who don't understand bitcoins, this might help: https://lopp.net/bitcoin.html

  • eclipse35's picture
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  • eclipse35
  • 10 months ago
  • @BFG

I've read that for days lol trying to study. I'm somewhat confused if there is a difference between "buying" bitcoins and "sending" them.

  • bwsalon's picture
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Yes. Buying bitcoins is like getting paid. Bitcoins get put into your electronic wallet.
Sending is like paying for something. Bitcoins get taken out of your wallet and put into someone elses.

  • jsull36's picture
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  • 26
 
  • jsull36
  • 10 months ago

I bought in in july of last year when it was around 600$ a coin, now its playing around at almost 13k :)

  • monsteronjuice's picture
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  • 106
 

It’s actually around $6,200 as of today.........

  • jayisk's picture
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  • 127
 

sounds like trading stocks with these fluctuations in rate.

  • Karl JR's picture
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  • -2
 
  • Karl JR
  • 11 months ago

Not really feeling all this bitcoin stuff that's going on. I've used bitcoin but not to buy any gear. I much prefer to transfer straight from the bank account, so much easier. I think one has to take into account also for the fees that can happen with bitcoin, I don't have that issue with a simple bank transfer.

  • BFG's picture
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  • BFG
  • 11 months ago

For those who don't understand bitcoins, this might help: https://lopp.net/bitcoin.html

  • Meinuntergang's picture
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  • 485
 
  • Meinuntergang
  • 11 months ago

What if I told you that it's not too late to profit off Cryptocurrency? What if we created a group of exclusively Eroids members to coordinate precise trades, for pump and dump? The idea needs lots of refinement, regulation and explaination. But, in all honesty I think it's doable.

An outline of how to get set in motion:

1- creation of the group -
a- inviting members
b- sharing ideas and experiences
c- establishing concensus
d- creating leadership through knowledge demonstration

2- Code of conduct -
*** setting a code of honor, violations will result in immediate and permanent ban.
a- verification of actual holdings
b- verification of actual transactions 'before and after the coordinated effort'
c- verification of intent

3- Planning -
a- research
b- polling
c- agreement

4- Practice -
a- finding and agreeing on a single exchange to use for trading.
b- finding coins to pump
c- setting a time in which all participants shall execute trades.
d- agreeing on profit percentage before the coin is dumped
e- verification of each and every transaction: exchange, time, coin, amount, percentage, and execution.

There will be a lot of tools, apps, tips and other necessary mechanism that need to be adopted by all members.

Above ALL, every move will have to be voted on and agreed upon by ALL. In instances where the number of participants is smaller than the number of group members, participants can coordinate their trade privately in a sub-group or via pm/telegram/discord/etc to unsure 0 corruption.

We can start with very small amounts. $10-20 worth of cryptos per person and see what happens.

What do you guys think?

  • DSTER's picture
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I’m not very hip on bitcoin but I would imagine the daily volume is astronomical. Be tuff for a pump and dump no?

  • Meinuntergang's picture
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  • Meinuntergang
  • 11 months ago
  • @DSTER

You buy sleeper coins with fractions of a Bitcoin, pump the volume, increase price and demand, then abruptly pull out with original investment amount +15-20% profit. The key is to accept incremental and small profits, because gambling big time can backfire. In a single weekend ' during the BCH/BTG vs BTC' I turned $3300 or 0.5 btc at the time into 2.9 btc approx $21000, then back to 0.89 btc about $6400 at the time. Then, held it it and sold at $7940 per btc and bought again at $7500 per btc, as a result the 0.89 got to 0.94. Bit more than I could chew and learn ed a hard lesson, even though I'm up. So it's definitely not for the weak, and definitely not for money you can't afford to lose.

  • DSTER's picture
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  • 189
 

It’s all gambling, it’s fun and intense but at the end of the day it’s gambling lol. But your right always take profits. It’s all about entry and exit points, easier said then done but that’s what it’s about. I used to fuck w microcaps w super low floats when I was young. They were fun, very, very easy to move and manipulate.

  • Meinuntergang's picture
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  • Meinuntergang
  • 11 months ago
  • @DSTER

I don't even know what that is haha

  • DSTER's picture
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  • 189
 

Well I’m sure if your into this you will be swing and day trading before you know it. Futures is where it’s at open 24/7

  • bundlz's picture
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  • 74
 
  • bundlz
  • 11 months ago

I dont trust it i think it will crash someday.. there are to much illigal activitys involved with bitcoins like buying dope,guns,extortion,roids etc