51–60 of 140 posts
I predict that in a few years, Coinbase will be a billion dollar concern as long as they keep doing a good job and their system isn't compromised. Keep it up!
There is a daily account limit though of $110 for new accounts, after 10 days of $150 etc.
?! In the US, Coinbase is easy In the UK, Bittylicious is easy I'm sorry it's so hard in Germany, but your title should be "It's hard to buy Bitcoins in Germany"
I have been trying to buy Bitcoins for a few years, it's way too hard. When I was in high school learning programming I wanted to buy them because I heard you could trade with Python scripts. They were $0.30 at the time and I tried to put in ~$50 (if only!). Today I still want to put in $50 - $100 but I can't because as a college student I don't have proof of residence. I have a passport and bank account but I still…
Earlier quoted context omitted.
I had luck buying bitcoins a few times about a year ago through MtGox. Their method of getting money in (UK bank transfer) was shut down about October last year, and since then I've not figured out how to buy more. I have to wonder where the money stoking these recent price rises is coming from. Of course I managed to be highly ineffective at making the most of the bitcoins I had. I think I probably had about 10 bitc…
It's coming from China[1]. A LOT OF MONEY from China. Like $millions. That's how all these early adopters in the USA are being able to cash out millions and the price is not crashing. They seem to like the fact it separates them from the US dollar, as well as allowing Chinese residents more control over their money and a potential store of wealth comparable to gold (although far more volatile). Of course I still beli…
Both China and the US government have given BitCoin a tacit (and not-so-tacit) endorsement, China with a pro-BitCoin documentary on state television, and the US with Senate hearings that appeared to suggest the US is not going to move to outlaw it but rather regulate it. I do not see the US government giving its citizens the impression that using BitCoin would be legitimate and then going back on that suggestion - there would be too many vested interests, with a lot to lose, and they would not be cool with that.
The Chinese government is more powerful than the US government, however. There is a chance that they could see their citizens pour their savings into BitCoin and still move for a regulatory crackdown. I'm still concerned that they will believe BitCoin is getting out of control and their ability to control the funds exiting and entering the country through BitCoin is diminished.
The bottom line: the more countries that start using BitCoin, that more stable it will become, the less a single country's regulatory action will impact the price.
Here are options the author, and people in general, fail to consider: 1. Sell a good/service on craigslist and require payment in bitcoins. You will find a buyer in a big city. If necessary, even buy an item typically in high demand by bitcoin owners (eg. computer gear) specifically for the purpose of reselling it! 2. Or buy coins directly from people, see https://localbitcoins.com
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So I tried Bitstamp 3 times and was denied all the times. I'm not a noob in this respect, I know what a good scan is and I've used this passport scan (front+back) for many other services. They're just not good at verifying docs there.
I had a bit of trouble depositing money (my fault) and their customer service I thought was fine. Did you ask for any help?