Bitcoin
 

I know next to nothing on Bitcoin

I am trying to figure out how I can pay somebody for a service in bitcoin


I have no bit coins. I would like to convert a credit card payment to bitcoin

I would appreciate any help

T

Start at coinbase.com. Then do a search for how to transfer bitcoin from your wallet to another.

You need a wallet first. And make sure your codes are secure and you keep a backup. Then you can buy coins from a number of places.

Elon Musk knows all about the need for a back up for your code :)

Wasn't Bitcoin trading up near 20K a coin not that long ago. It's at 6K and change now.

I was reading about it today, I think it got to 19k+.....that is a wild ride I am not about to get on. More power to those who do and good luck!!

My sentiments too.

I think your time has come and gone if you were looking to make money on Bitcoin. To me it was always obvious that this was a pump and dump scheme and pumping it up to 20K on hype and then laying an egg on someone else with your coins after you sold was a pretty good scheme. Anyone who got in at 17K and held is probably having a bad time.

I knew from the beginning it was bad...when you aren't back by ANYTHING, well....that's what you get......it was backed by pure speculation.

$6400. I say buy now and ride it back up. Start out with .1 share and average in over the next 10 months.

Just some advice, stick with cash

There are a couple pretty good podcasts covering the basics. I wish I would have gotten into it. It is the kind of thing that would have appealed to me. I think it has a lot of the warning signs of the dutch tulip crash, but then again so do baseball cards and that doesn't stop me from spending money on them.

Except you can hold baseball cards in you hand and look at them when they are going down in value :)

http://i1267.photobucket.com/albums/...ps3ybedind.jpg

Update -- Bitcoin is now at 3350 or so, off its high near 20K. I assume the people who were enthusiastically recommending it in this and at least one other thread feel differently now. I think packs called it just right -- to me it never seemed on the up and up, the price rise was just too meteoric and unexplained.

Now it looks like a steal


Much like the baseball card run up!

There is nothing real about bitcoin so it won't surprise me of its eventual demise. Seems more like a pyramid scheme than anything, to me. Good luck to those investing in it, you will need it.

I wish I had gotten into it early. It's the kind of thing I would have enjoyed the mining aspect.

While it is a fiat currency backed by nothing more than faith, you could argue the dollar isn't much more than that. I had a lot of young guys in my office who wanted to invest in it, but I tried to dissuade them. I think it was at $12K when they were thinking about it...

One thing it has done is popularize blockchain which I think will revolutionize security over the next couple of years.

I do like silver and gold at their current price levels, but I don't think there's going to be a dramatic run up.

I never saw any difference between Bitcoin and the Dutch Tulip craze.
Pump and dump scam is what it looks like to me.
And a little late to get on board now.