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How to buy Bitcoins

On 29 Nov 2017 at 3:55pm Crypto wrote:

Anyone in Lewes got any bitcoins?
Should I buy some and where can I get them and how?

On 29 Nov 2017 at 4:01pm Zero Cool wrote:

Buy them online. And there's plenty of guides that'll explain it much better than anyone on here can!
Should you buy them? Well it's currently the biggest bubble in the history of economics, so up to you really!

On 29 Nov 2017 at 4:33pm Titnotes wrote:

�ewes �'s bought by tits.

On 29 Nov 2017 at 4:41pm Erp wrote:

Listen to the Rubin Report on YouTube. He has someone explain everything and why you need a bitcoin wallet not a bank.

On 29 Nov 2017 at 5:47pm '80s boy wrote:

Buying anything when it's at the peak of it's value, is not usually the best strategy.

On 29 Nov 2017 at 7:18pm Tom wrote:

Get a time machine, go back to the beginning of the year then go online and buy some

On 30 Nov 2017 at 4:04pm Jones wrote:

I who have nothing.

On 30 Nov 2017 at 4:37pm Huh? wrote:

The supply of Bitcoins is finite, and unlike normal currencies no more came be made when they've all been found (mined).

Although the trajectory has not been smooth over time the value of them has increased massively. The price could go down, but equally it could continue rising. And why shouldn't it? At least one asset fund manger has added them to the portfolio he manages. If others tag along there seems to be no reason it should bot rise much more.

I know a number of local people who bought a few four or five years ago and who, if they sold them at this moment could buy a small house from the proceeds. Most seem to be hanging on though. Them that know have speculated that there is no reason 1 BTC should not rise in value to �100,000. As we are at roughly 7.5k now, that's some rise still to go..

This is the best place to buy them. Bank transfer is the cheapest option.

Check it out here »

On 3 Dec 2017 at 11:11am TheGift73 wrote:

I have always bought mine over at bitbargain, although I haven't bought any for the past few years now. It only takes a few mins from connecting with a seller to having them in your wallet. There are other places in which to buy them such as LocalBitcoins or Coinbase. (both available in the UK) I haven't ever used the last two options though, but they are the usual recommendation. There is also Kraken and Gemini which are both very well known. You will need to provide some personal info as most, if not all, exchanges are KYC (Know Your Customer) comliant.
Remember that you don't have to buy a whole BTC, as they are divisible to 8 decimal places (0.00000001 BTC) so you can buy as much of one as you like. Just be sure to find out how much you will be charged in fees when buying as they will vary from exchange to exchange. There are 100 million satoshi to one BTC.
If you do end up buying a decent amount, then also be sure to research ways to store them safely and securely. I'd look into buying a Ledger Nano S or a Trezor device (Hardware wallets) as they are a lot more secure than storing them on your PC. Also be sure to backup your wallet (wallet.dat file) and have copies of that stored elsewhere just incase your HDD dies, you lose your device etc.
Also there are a lot of other very good cryptocurrencies out there that are definitely worth looking into; but make sure to research these thoroughly as there are also a lot of scam coins out there. Check out coinmarketcap to see what other coins are out there.
Just remember that there will only ever be 21,000,000 (21 million) BTC ever created, and that the last one should be mined in 2140. Currently there are 16,716,750 BTC in circulation, of which I would guess that at least 3-4 million may be lost forever due to people losing there wallet.dat files, having hard drives die without having a backup, people dying and not passing on there wallet passphrase, or people just throwing their old laptops away and forgetting that many years ago they had some BTC stored there. (it has happened quite a lot)
Satoshi Nakamoto (the man/woman/group) who created bitcoin back in 2008 has 1 Million BTC in their wallet, but the coins have never been touched. Some assume that they may have either passed on or simply forgotten they key and those coins may be lost forever.
I would add more helpful links but the forum software is very limited.
Hope that helps a bit though.
For those interested, here if the original whitepaper that Satoshi wrote in 2008:

Check it out here »

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