Post
Topic
Board Economics
Re: How to save money.
by
Amph
on 20/07/2015, 07:37:15 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.

Not exactly, as far as I know, as of today, Coinbase allows citizens from 15 countries to buy BTC.
And that was exactly what I implied (or tried to), I cannot buy coins from them because my country is not listed yet.

better to not deal with them at all, they have heavy restricting and regulation, you would waste money which would be payed in taxe, if you use them, bitcoin can help you saving money from some unfair taxes, but with services like coinbase this will be futile