Post
Topic
Board Economics
Re: How to save money.
by
Genesys
on 19/07/2015, 23:10:27 UTC
Investing is not that easy because you have to hire a broker and pay him, you first need to save some money.
I earn around 650 USD/month and manage to save around 300, I am waiting to have 1000~2000 USD to get into market.

What are you saying? Do you need brokers when you invest in bitcoin? I dont think so, in bitcoin you learn how to maintain your bitcoin by yourselves, profit or loss it is determined by your works not broker

I was talking about stock, not BTC. Perhaps, considering that in this country the only BTC vendors are those from sites like localbitcoins*, it is about the same that having to hire a broker. If I could buy stock directly, I would do it, but as far as I know it is not possible (only when companies put actions into market to be bought directly by average people -emission of shares?**- but that does not happen so often).

* I think sites like Coinbase allow you to buy/sell at the same price (based on the pictures posted in their FAQ), unlike localbitcoins where there is a difference of 15-20% between buy and sell prices.

** I am not sure how to say that in English.

Coinbase only allows US citizens to purchase bitcoins. Or at least have a US bank account.