Bitcoins

Too late for bitcoins unfortunately, wish I got into them when I first heard.

Eight wrote

Too late for bitcoins unfortunately, wish I got into them when I first heard.

Yep, can't think of the past now. I remember during the silk road crash it reached $33 per bitcoin. I was just there to watch since I couldn't purchase bitcoin in the country I was in at the time.

I wish I'd invested in BTC earlier on. Now bitcoins are pretty hard to obtain without losing money in the process.

My first bitcoin trade is done. Payed two of my seedboxes with the "money". Kinda interesting. I think the fee and loss with bitcoin is actually smaller than the fee I would have if I pay the seedboxes via Paypal & prepaid credit card. I'm also able to get bitcoins within one day, which is kinda cool. For prepaid credit card, I usually have to wait about three business days for a transaction between my bank account and my card.

So far my experience is very positive. 🙂

I'm not a big fan, though of course that is mostly because I didn't get in early and get rich.

Bitcoin had its time, there's a bleak future for it. I forecast its growth to be nonexistent in the coming years unless something spectacular happens. Converted all my bitcoin at the right time, and never getting into it again

I wish I would have got into bitcoin when I first heard of it, I could be rich today.

I've never got around using them really, I have a wallet but no bitcoin in it

The concept itself is great and nearly revolutionary yet I guess bitcoins prime time, the hype, is over.
In the end it will stay as a currency for tech savy people, libertarians, crypto anarchists etc.
If you think that the average person is interested in it or will own some one day you are horrible wrong.

20309
I wish I'd invested in BTC earlier on. Now bitcoins are pretty hard to obtain without
losing money in the process.

The fees that come with buying BTC are ridiculous.
Though, I've never actually had to buy them with my real money. I just earned it from jobs that people hired me for.

20485
Bitcoin had its time, there's a bleak future for it. I forecast its growth to be
nonexistent in the coming years unless something spectacular happens. Converted
all my bitcoin at the right time, and never getting into it again

I disagree. Bitcoin is still very much used in the 'underground' of the Internet. I believe that Bitcoin will continue to be used for as long as there is an 'underground' for shady activity,

20958
I read a nice thread  on cryptoworld about how unstable BTC is.

It mainly pointed out how downloading the entire block chain is pretty shit, considering it's already like 20GB; the fact that the crypto behind it will eventually be easily bruteforced and that it wasn't made to be a lasting currency.

Thank you so much for all your replies! :3

20958

20309
I wish I'd invested in BTC earlier on. Now bitcoins are pretty hard to obtain
without
losing money in the process.

The fees that come with buying BTC are ridiculous.

I'm not sure if I understand that correctly, probably due to my bad english skills. Are the fees in your experience small or huge?

In my experience so far and if I calculated that correctly, I actually save a tiny amount of money (0.2 usd per 40 usd seedbox) if I pay via bitcoin instead of paying via my paypal account where my prepaid cc is linked to. However that's only true if bitcoins don't loose value within the time I've exchanged my "real money" into it and if CHF and USD exchange rates are stable within that time.

So I can say, at least for me, that there is no real difference if I pay with bitcoin or paypal. I don't loose/win money and if I do, it's probably a very tiny amount I don't think I need to care about. If I start caring about that, I should probably try to save money on other things before that anyways.

21068
It's that most people sell BTC at a higher value than what it is worth; so if you purchase from them, you end up losing money.