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Anyone invested?

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I have bought like 2-3 BTC's in the summer while the price use to be ~$300 and sold each for $500 I think, lol
I should have kept them :(
 
I don't know a lot about Bitcoins but hasn't the extreme rise and fall in value been fairly typical so far?
 
Price dropped to almost 600 after China didn't recognized bitcoin as currency(and Bloomberg took that as "China blocked bitcoin") and Baidu(largest search engine in China) announced that they won't accept bitcoin anymoore.

So you either but now...or wait until hits even lower value(if it hits 500 i'll buy a few)
 
Yeah i'm doing my application as we speak but takes time to verify and get money in - will likely get a few.
 
the thing i don't like about bitcoins is that they have no instrinsic value behind them.

they were made by an application that people could download and run on their PCs which solved numerical algorithms that occasionally turned up a bitcoin (out of an assigned total universal number of bitcoins). but the mathematical computations generated in no useful result other than warming the air of the room where the PC was located because the machine ran hot with all of the computations. i'd feel a lot better if they had used those cycles to solve real problems like figure out how proteins fold or basically any problem that yielded a useful result that had some value to society.

i'd hate to see world economies tied to bitcoins. imagine if one day people decided these things really were like inflated tulip bulbs. it could put us back in the stone age practically overnight.
 
You've got to go through an exchange and usually it's done by going into a bank and paying with cash.

I use coinjar.com because the rates are low (2%) and the transactions are near instant but I'm pretty sure they only support Australia at the moment.

There are a LOT of exchanges out there though just got to do a bit of hunting around.

Going through verification myself - what you got Jay?
 
The price has been all over the place lately on Bitcoins. What are you guys buying at right now?
 
Can someone explain, are they buy/sell as easy as pie or it's a little bit more difficult than that for the selling portion of it.

Cheers,

Dan,
Senior Account Manager
Ksix Affiliate Network
 
Can someone explain, are they buy/sell as easy as pie or it's a little bit more difficult than that for the selling portion of it.

Cheers,

Dan,
Senior Account Manager
Ksix Affiliate Network

Not as easy as that these days - you need to go through multiple verifications which takes time and then also it's quite hard to fund your account etc.
 
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