More bubble-blowing market ahead
Get gestalt by siphoning through some of the many headlines out there that often only distract us from what matters.
Bitcoin runner-up Litecoin emerges as low-price challenger (St. Louis Post-Dispatch)
Backers see digital currencies as fast and cheap alternatives to traditional financial systems.
Will Bitcoin or Gold Rally or Crash In 2014?
A Safe How-To Guide for Buying and Using Bitcoin – PanAm Post (blog)
PanAm Post (blog)A Safe How-To Guide for Buying and Using BitcoinPanAm Post (blog)While the price of bitcoin does fluctuate and people do gain revenues from currency trading using it, bitcoin is not a stock. It’s a currency meant to be held and used like any other currency in the world. The difference is that bitcoin is a worldwide …and more »
Questions and Answers
Have several questions here – thanks in advance.
Wondering where the best place is to buy BITCOINS is? I hear COINBASE has been around for a while and is stable but customer service is bad.
Where is the best place to get a WALLET for the BITCOIN? I hear Electrum.org is a good place.
Then to store them?
How can I find out what the daily rate for BITCOINS is going for?
Also seeing SOLARCOIN to be used with utilities?
Any other COINS out there?
Right now the two big coins which are down low due to recent attacks on bit coin are worth buying into:
Bitcoin and Litecoin. Litecoin is down from 30$ to 3$.
Here’s a neat site for coin watching:
As for exchanges, my favs are:
Vircurex (Major coin trades)
Crypsy (Adds allot of newer coins) Good to trade when they first release a new coin providing you
had them before they hit the site) This is where I will sell my MACcoin if it hits this exchange.
As to buy bit coin, I like buying from the new ATMS. If you live near Vancouver, Montreal or NewYork city you can buy from directly from the ATM and drop it into your wallet. Once you have bit coin, you can trade for
other currencies on an exchange by transferring from your wallet to the exchange.
That said, be extremely careful with your trades, you can make a little and or loose everything quickly.
If you’re going to do this, make sure to get used to the market and split up your investment in many many
different coins, so if one dogs, at least the others might do okay. Also coins with large communities often
keep their value and have better chances of rising than fly by night coins with no communities where the
devs have the majority of the coins and look for the right time to sell off and abandon ship.
PS: Consider mining your own coins, it does not cost that much to start and it’s allot of fun.
The idea is kind of cool but it will never take off.
- Are Bitcoins the New Chinese Yuan for Forex Brokers?(forexmagnates.com)
- May 22 Is Bitcoin Pizza Day Thanks To These Two Pizzas Worth $5 Million Today(businessinsider.com)
- Denmark hosts safer Bitcoin exchange(blogs.blouinnews.com)