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Showing 5 of 5 results by bitcoinCUkid
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Board Beginners & Help
Re: Best Miners for newbies
by
bitcoinCUkid
on 12/12/2013, 23:59:02 UTC
It will probably cost too much for a newbie to start mining now. I don't think you'll get a high enough ROI for it to be worth it.
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Board Beginners & Help
Re: Buying Bitcoin Instantly
by
bitcoinCUkid
on 12/12/2013, 23:33:20 UTC
Quote from: poewerden on December 12, 2013, 09:57:26 PM
Quote from: TheGift on December 12, 2013, 09:48:13 PM
.1 BTC is definitely very low for the instant buy.  In my experience, there was a 30 day hold period(Buy and hold on to BTC) along with registering a credit card for the instant buy.  After that, you can buy up to 10 BTC instantly a week. How it works is if you buy x amount(up to 10), the amount of instant buy starts replenishing at a rate of (10BTC/7Days).

.1 BTC is not so bad for most, this is ideal amount for first buy and try the Bitcoin

This is true at current prices. With the crazy price fluctuations recently, I'm using it as an opportunity to "average in" until I get to the quantity I want.
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Board Beginners & Help
Re: Will bitcoin reach $10,000 one day...?
by
bitcoinCUkid
on 12/12/2013, 23:00:41 UTC
Quote from: poewerden on December 12, 2013, 10:09:54 PM
Quote from: bitcoinCUkid on December 12, 2013, 10:05:34 PM
The only way for bitcoin to maintain it's value growth is for more businesses to start trusting it and accepting it as a form of payment. If the price of a bitcoin is $10,000, daily price swings will be too high and business will not be willing to take the risk. It could be at $10,000 one day but I don't see that happening for a while, maybe 20 years plus if it becomes widely accepted.


20 years is way off, 2 years is more likely for more businesses accepting Bitcoin

I agree, more businesses will be accepting Bitcoin within the next 2 years. I'm saying that we won't see it value at $10,000 per BTC for another 20 years plus.
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Board Beginners & Help
Re: Will bitcoin reach $10,000 one day...?
by
bitcoinCUkid
on 12/12/2013, 22:05:34 UTC
The only way for bitcoin to maintain it's value growth is for more businesses to start trusting it and accepting it as a form of payment. If the price of a bitcoin is $10,000, daily price swings will be too high and business will not be willing to take the risk. It could be at $10,000 one day but I don't see that happening for a while, maybe 20 years plus if it becomes widely accepted.
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Topic
Board Beginners & Help
Re: Buying Bitcoin Instantly
by
bitcoinCUkid
on 12/12/2013, 21:37:37 UTC
Hookmankelz, referring a friend is not a requirement. I think you need to buy bitcoin and hold it for 30 days to fulfill the last requirement for instant bitcoin purchase.