hopesanddreams

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A lot of the online suppliers, like Phamacom, want bitcoin payments. I have never used this before and am curious if anyone had trouble with this before or is it the best method?
 
Look up "trying to understand bitcoin". The guys on here put a lot of helpful info on there about bitcoin. Might help ya
 
I've used bitcoin several times. It's easy once you set up. You will need a credit card or bank account to buy bitcoin. Think of it like buying stock. Now you pay for things based on how much bitcoin or "stock" you own. You can buy as little as $10 to start.

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Keep it simple. Open up a coinbase account, buy your bitcoins. Open up a wallet with bitcoin. Move your bitcoins from your coinbase account into your bitcoin wallet.
 
Yeah but the fees. What's up with the fees? To buy and then transfer this shit costs a percentage. Moneygram and W/U end up being much less costly.
 
It’s simple and fast but nair is right about the miners fees. They can get outrageous.


Team MeccaGear!
 
Bro the limits are stupid too. Coinbase is fucking nuts. They run your credit, make you upload your drivers license, login to your bank accounts, and then they fuck you with a $50 MAX limit on your weekly withdraw amounts. I regret signing up for it.
 
Bro the limits are stupid too. Coinbase is fucking nuts. They run your credit, make you upload your drivers license, login to your bank accounts, and then they fuck you with a $50 MAX limit on your weekly withdraw amounts. I regret signing up for it.

They don’t do that to me. I signed up last year and made one movement of coin and they shut down my account siting “ suspicious exchange” so I opened another with another email and now I send the coin to Blockchain then out to whoever. It cost at coinbase to move it then again at Blockchain to move it. So I just buy when I believe it’s low.


Team MeccaGear!
 
the complications with using bitcoin seem bad enough to me, but when i endeavored to go further into the details of what they wanted information wise. i said no way. i'm not about to give them access to my bank account, drivers license, etc. most of the bitcoin sign ups won't take a credit card or make it a pain to use. then of course those miners fees suck. this is not to mention that the price can vary, even within the same day or from seller to seller.
so i stick with moneygram or western union. mg is far easier by far and it's a flat fees.
just my thoughts on it.
 
the complications with using bitcoin seem bad enough to me, but when i endeavored to go further into the details of what they wanted information wise. i said no way. i'm not about to give them access to my bank account, drivers license, etc. most of the bitcoin sign ups won't take a credit card or make it a pain to use. then of course those miners fees suck. this is not to mention that the price can vary, even within the same day or from seller to seller.
so i stick with moneygram or western union. mg is far easier by far and it's a flat fees.
just my thoughts on it.

Totally agreed.

BTW the currency is volatile as fuck. In the last 24 hours it lost more than $300. Can you imagine?

Like I said, I regret it. Can you tell lol?
 
It will go up again sooner or later. A lot will change in the future when it comes to transaction fees and how fast you'll be able to move your BTC.
There are a ton of good news about BTC. For some reason media just want to scare people.

NAIR you won't regret anything when your BTC will be worth twice as much as what you paid for it ;)
 
It’s already that. I got in last year at 1,600 a coin. It took all I had to not move it once it hit 19,000


Team MeccaGear!
 
Yes, they do it verify your identity. So it's a soft pull that requires you to verify previous accounts, addresses, etc.
 
ok, Soft pull, meaning NO point deduction , then I have no problem with that! But a hard pull with 2 point deduction would be bullshit!

Everyone does a soft pull these days.
 
I don’t think coinbase did anything like that with me. But without sounding stupid. “Soft pull” I didn’t know that was a thing. But I never thought about it either. So it’s like when the phone company does a pull or Utilities to see if you need a deposit? Hmm. Never even thought about that



Team MeccaGear!
 
Have any of you guys used the Robinhood app? It’s supposed to be a fee free way of trading (sending) bitcoin.


Team MeccaGear!
 
Not yet. I’m looking into and my “nerd” buddy who’s very smart with these things has pointed this out to me. All I know at this time is it’s free to use but only legal in certain states right now. Not in mine. I’m going see what I can do and I’ll let y’all know. But being able to transfer bitcoin funds without fees would be a game changer


Team MeccaGear!
 
I don’t think coinbase did anything like that with me. But without sounding stupid. “Soft pull” I didn’t know that was a thing. But I never thought about it either. So it’s like when the phone company does a pull or Utilities to see if you need a deposit? Hmm. Never even thought about that



Team MeccaGear!


LOL, well your still young , and if you are anything like I was in my 20’s and early 30’s sadly, I wasnt too interested in my credit score, and how it all seriously worked.

But its important stuff if you ever want to own shit, and pay far less interest for everything!



Now back to bitcoin! I was investing in it, and I will be totally honest, as soon as Bitcoin cash got picked up by coin base, everything went to shit!

I bought light coin at $40 long ago, ethereum at $200-245 again a long while back, and bitcoin $2,400 when I bought in, and then I thought bitcoin cash would make me a lot of dough when coin base picked up after the split, but I knew better the entire time, money from nothing is what BCH is! And I knew better, but still I bought in when it was at $2,700 like a fucking asshole!

So, if someone had lets say, ohh I dont know, 100k they now have just under 25k. all hypothetical of course and Round about of course now that bitcoin cash is sitting at fucking just over a lousy $600
 
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